First Citizen Finance unlikely to enter mortgage market

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Non-bank lender considered home lending after news Ulster and KBC would exit Ireland

However, sources told The Irish Times this week that First Citizen, which had talked about potentially writing about €1 billion of mortgages over three years, was now unlikely to move into home loans. A spokesman for the company declined to comment., increased interest rates across its three- and five-year fixed-rate products by 0.2-0.45 percentage points, marking the first upward movement in Irish rates for some years.

Meanwhile, The Irish Times reported on Thursday that a major UK investor in Dilosk, London-based investment firm, is looking, according to sources, at exiting the largest Irish non-bank mortgage lender. Neither company has commented on the matter. , which invested in Dilosk around the same time and currently holds a 18.8 per cent stake, did not respond to requests for comment on its holding.“We had picked up rumblings in recent weeks around potential suitors and it will be interesting to see what interested parties emerge in terms of potential buyers,” saidDilosk reiterated in recent days that the company itself is not involved in any discussions that could lead to a sale of the business.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

First Citizen unlikely to enter mortgage market and a cold wind from the eastBusiness Today: the best news, analysis and comment from The Irish Times business desk
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »