PRACTICE NOTES
Loan market and developments
Kindly give a short synopsis of the current position of the loan markets in your jurisdiction and any material recent shifts. Ireland’s retail banking landscape now centres on three principal institutions—AIB, Bank of Ireland and Permanent TSB—following the departures of KBC and Ulster Bank in 2022. Alongside them, various non-bank lenders are active in the Irish arena. Some hold Central Bank of Ireland (CBI) authorisation as retail credit firms, as they provide credit to individuals; others are authorised by the CBI as credit servicing firms. For the Irish credit servicing regime, in-scope credit agreements include those with individuals (with limited exceptions) and, where a loan was originated by a regulated financial services provider (RFSP) and subsequently sold, lending to a small or medium-sized enterprise. In 2024, domestic banks increased overall lending to Irish
Banking & Finance