Irish banks face pressure to cut mortgage rates.

Global Banking News-April 10, 2018--Irish banks face pressure to cut mortgage rates

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Global Banking News - 10 April 2018

Commercial banks Allied Irish Banks (ALBK:ID) (AIB) and Bank of Ireland (BKIR: Dublin) are under pressure to reduce their mortgage rates after peers reduced their rates in recent weeks.

Permanent TSB Group Holdings Plc (LON: IL0A) was the latest bank to cut its mortgage rate. Ulster Bank Ireland Ld (FAP.LS) and KBC Groep NV (EBR: KBC) have also reduced their mortgage costs.

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