Wednesday April 8, 2020

Banks put tough conditions on loans to developers

Several of the state’s largest lenders have introduced new lending guidelines to minimise their exposure to the property slowdown. A number of banks now require developers and builders to have cash assets totalling up to half of what they want to bor

19th January, 2008

Several of the state’s largest lenders have introduced new lending guidelines to minimise their exposure to the property slowdown. A number of banks now require developers and builders to have cash assets totalling up to half of what they want to borrow.

ACC and Anglo Irish Bank are among the lenders who have implemented the new rules. The two lenders are now asking many developers to provide a gearing of between 35 per...

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