RSA banks on getting road safety message across

Over the coming bank holiday weekends, ATM banking screens across Ireland will display general road safety messages in an effort to encourage road users to drive with care. This new road safety initiative was launched by the Irish Banking Federation (IBF) in association with the Road Safety Authority (RSA) today.

Road users across the county will be provided with road safety advice from the Road Safety Authority when they use a retail bank ATM over key periods for road safety awareness, including the coming June, August and October bank holiday weekends. The message displayed on the screen will advise road users of the following:

“Driving today? Slow Down. Stay Alert. Arrive Alive.”

Speaking at the launch of the initiative, Noel Brett, Chief Executive of the RSA, said that this campaign is both timely and well-targeted: “Bank holiday weekends are traditionally high-risk periods for deaths and serious injuries on our roads. We are delighted to partner IBF in this initiative. Road users across the country will be provided with a road safety message every time they use a retail bank ATM. And it really is simple – if you’re driving today and every day, take the necessary precautions to ensure you and your loved ones Arrive Alive.”

Pat Farrell, Chief Executive of IBF, echoed Mr Brett’s comments: “We are very pleased to be able to co-ordinate our retail member banks in making their ATM networks available for this message. The issue of road safety is of national concern and the RSA’s message is a very serious one.”

The Irish Banking Federation (IBF) is the leading representative body for the banking and financial services sector in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

For further information on road safety and driver fatigue, visit the Road Safety Authority’s website at www.rsa.ie or LoCall 1890 50 60 80.

For further information, please contact:

Brian Farrell, Communications Manager, Road Safety Authority: 086 3881009

Lisa Shevlin, Public Relations Executive, Irish Banking Federation: 01 6715311

Editor’s Note:109 people have been killed on Irish roads to date in 2008 compared to 133 to the same date in 2007. This is a reduction of 24 on last year.

Mortgage market slowdown evident in Q1 2008 data from IBF

Mortgage market slowdown evident in Q1 2008 data from IBF

First-time buyers share of market is down, the switching segment is up and investment share is unchanged

The latest IBF/PwC Mortgage Market Profile data, published today by the Irish Banking Federation (IBF), shows that the overall value of new lending for the first quarter 2008 was down 24.3% on the previous quarter and 19.8% on the same period in 2007. This trend is consistent with all other indicators of housing market activity.

The IBF/PwC Mortgage Market Profile shows that 28,508 new mortgages to the value of some €6.3 billion were issued during the first quarter of 2008, bringing the overall mortgage book to €142 billion. The following are among the key features of the first quarter data:

The share of the total market held by first-time buyers (FTB) and by mover purchasers is down by volume compared with the previous quarter, while that accounted for by investors (RIL purchase) recorded a slight increase.
The level of switching activity (re-mortgage) continues to grow. With a 26.2% share of the market by value, switching is now the largest market segment – having increased its market share by 12 percentage points over the past two years.
The total value of lending in Q1 2008 is comparable with the same period in 2005.

Commenting on the data, IBF Chief Executive, Pat Farrell, stated:

“Conditions in the mortgage market remain challenging. On the supply side, credit availability has tightened. On the demand side, there is a strong demographic cohort of potential house buyers but many of these appear to be holding off for the moment in anticipation of further house price reductions. At the same time, the switching market has continued to perform strongly.”

The IBF/PwC Mortgage Market Profile can be viewed on the web at by clicking here.

Note to Journalists: Irish Banking Federation (IBF) is the leading representative body for the banking and financial services sector in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Further Information: Felix O’Regan, Head of PR and Public Affairs, IBF, tel. 01 6715311, 087 6481644