Irish Life & Permanent says new residential mortgage lending at 20% of 2008 levels; Sales at Irish Life in first quarter fell by 41%; Arrears have increased across all loan portfolios
May 15th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Life & Permanent plc (IL&P) today issued a trading update in advance of its Annual General Meeting (AGM), which takes place today at 11.30am in the RDS in Dublin. IL&P said new residential mortgage lending is currently circa 20% of 2008 levels while sales at Irish Life Assurance for the first quarter fell by 41% versus the market, which was down 47%, giving a market share gain of 5%. Arrears have increased across all loan portfolios.