IL&P signals it’s time to tighten up

With profits down at IL&P, chief executive Denis Casey indicates an increase in mortgage rates and tougher lending criteria.

21st June, 2008

With profits down at IL&P, chief executive Denis Casey indicates an increase in mortgage rates and tougher lending criteria.

There was little to cheer about in Irish Life & Permanent’s (IL&P) trading statement last week, with higher mortgage rates being flagged for borrowers and investors hearing that dividend growth is off the table.

Chief executive Denis Casey spoke of the company showing ‘resilience and strength’, but the underlying message...

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