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.
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