Are My Savings in Ireland Guaranteed? (Updated Dec 4th 2011 ) A potted history of Irish Banking Guarantees First of all we had the Irish Deposit Guarantee Scheme (DGS), which covered the first €20,000 per person in all the financial institutions that are authorised by the Irish Financial Services Regulatory Authority to operate in Ireland. […]
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Credit Unions
Limits Placed on Credit Union Loans
The Credit Union Managers Association says that credit unions in Ireland are receiving letters from the Central Bank informing them that their lending is to be restricted. The new rules mean some credit unions are only allowed lend a maximum of €100,000 to customers in any one month. Restrictions are also being placed on the […]
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Dealing With Debts – some options.
When people become unemployed it can be difficult to continue repaying debts such as mortgages, credit cards and personal loans. Some people just miss a payment and hope they will manage the next one. Others may look for loans to consolidate all the debts into one larger loan – but this may not be the […]
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Irish Bank Guarantee Extended
The Irish goverment blanket guarantee of all deposits in Irish banks was originally due to expire on Sept 29th 2010. After agreement from the European Commission – the guarantee has now been extended – but only to the end of December 2010. Deposits of up to €100,000 are unaffected, and are protected under the Irish […]
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Solvency Problems at Irish Credit Unions
At least 20 Credit Unions in Ireland have “serious solvency issues” according to the Central Bank’s financial institutions supervisor Jonathan McMahon. These 20 have high levels of arrears, and they are being monitored closely. The problems could be more widespread – but the regulator does not have the resources to determine the full scale of […]
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