Irish Banking Sector Faces Challenges as Lenders Compete on Service and Rates
2024-12-31
The Irish Times
The Irish banking landscape is becoming increasingly competitive, with non-bank lenders offering niche products and easy service. As central banks continue to lower interest rates, market borrowing costs are decreasing, which may lead to more competitive pricing from non-traditional lenders in 2025. With options like extended repayment periods and bridging finance, borrowers have more choices than ever. The sector is expected to see significant changes in the coming year, driven by factors like low interest rates and changing consumer behavior. Key trends include digital banking, personal finance, and alternative lending.
