Sunday March 29, 2020

Credit unions threatened with provisions

Credit unions may be forced to set aside additional millions from capital reserves to cover unsecured loans if they fail to come to an agreement on burden sharing with the banks.

20th April, 2013

Credit unions may be forced to set aside additional millions from capital reserves to cover unsecured loans if they fail to come to an agreement on burden sharing with the banks during talks convened by the Central Bank.

Credit union and Central Bank sources have confirmed that credit unions will have to make 100 per cent provisions on loans to members who are also in mortgage arrears unless they concede that secured lenders should have...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago