Card spending rose by 10% during May
Data released by the Central Bank shows in-store spending during May was more than €1 billion higher than that of the same month last year
Total card spending, including ATM withdrawals, rose by €620 million to reach €6.8 billion during the month of May, a 10 per cent rise when compared to the previous month, data released by the Central Bank showed.
Figures released by the Irish financial regulator indicated in annual terms, an increase of 40 per cent (or €1.9 billion) was recorded in May, though the Central Bank noted that spending was still significantly constricted in May 2020 following...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
State holding in PTSB to shrink to 60% due to Ulster Bank deal
As part of the €7.6 billion loan book buyout, NatWest is due a 20 per cent share in Permanent TSB, which will dilute the shareholding of other investors
NatWest could take 20% PTSB stake as part €7.6bn Ulster Bank loan sale
The proposed new deal would see the British bank become a significant shareholder in Permanent TSB, with the Irish lender also set to take over 25 Ulster Bank branches
Davy transactions not subject to ‘adequate’ review, Alvarez & Marshal finds
The firm retained by Davy to conduct an internal review after the stockbroker was fined by the Central Bank said some dealings which had a high risk of conflict of interest should have been scrutinised more closely