Upcoming Creditors Meetings and Recent Appointments

Creditors meetings taking place from the 5th to 8th August and the most recent appointments.

Aug 1, 2014, 13:37 PM

Drop in mortgage arrears and number of loans in negative equity

David Duffy, Chief Executive of AIB has said the bank have seen a significant improvement in terms of the number of customers in mortgage arrears with a 6% reduction in average arears and a 9% reduction in arrears in cases of homeowners.

Aug 1, 2014, 11:14 AM

Interim examiner appointed to construction group, O’Flynn

Earlier in the year the National Asset Management Agency (NAMA) sold outstanding loans of one of the country’s biggest property developers, the O’Flynn Group, to US asset management company Blackstone for a reported €1.1bn. The O’Flynn Group who developed Elysian Tower in Cork has property portfolio with assets spread across Ireland, Britain, Germany and Spain.

Aug 1, 2014, 10:49 AM

Today in the News

ESRI reports shows number of homes in negative equity has fallen by 45,000 since 2012. Bank of Ireland is once again “profitable and generating capital”. Dan Morrissey, concrete and quarry company to enter receivership after failed survival scheme.  Lloyds Banking Group said it has reduced its exposure to Ireland by just over £2bn (€2.5bn) in the first half of the year.

Aug 1, 2014, 10:00 AM


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