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Credit Unions discuss plans to increase lending after regulation changes
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Credit Unions discuss plans to increase lending after regulation changes
90 credit unions met this week to hear plans for the establishment of a central liquidity management mechanism (CLMM) for the sector. On Thursday, the Central Bank confirmed that credit unions can increase the level of mortgage lending they do as a percentage of their total assets to 30 per cent from the end of September. The limit for business lending will increase to 15 per cent of total assets. Based on the sector’s total assets of €22.05bn, …
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