Ireland—cross border banking and finance guide

Copyright © 2025 LexisNexis
Produced in partnership with Maedhbh Clancy of Arthur Cox LLP and Sinéad Cantillon of Arthur Cox LLP
Practice notes

Ireland—cross border banking and finance guide

Copyright © 2025 LexisNexis

Produced in partnership with Maedhbh Clancy of Arthur Cox LLP and Sinéad Cantillon of Arthur Cox LLP

Practice notes
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Loan market and developments

Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments

The Irish retail banking sector now comprises three main banks (AIB, Bank of Ireland and Permanent TSB) following the exits of both KBC and Ulster Bank during 2022.

There are a number of non-bank lenders operating in the Irish market, some of whom are authorised by the Central Bank of Ireland (CBI) as retail credit firms as they lend to individuals, and some of whom are authorised by the CBI as credit servicing firms (in-scope credit agreements for the purposes of the Irish credit servicing framework are those entered into with individuals (subject to limited exceptions) and, to the extent that the loan was originated by a regulated financial services provider (RFSP) and then sold, a loan to a small or medium enterprise).

Overall lending by domestic banks to Irish businesses increased in 2024 (particularly in the real estate and primary industries

Maedhbh Clancy
Maedhbh Clancy

Of Counsel, Arthur Cox LLP

Maedhbh is Of Counsel with the Arthur Cox Finance Group. She is responsible for managing legal, regulatory and commercial awareness; implementing strategic initiatives in the areas of client-facing knowledge and marketing, deal execution, know-how projects and risk management; coordinating and delivering client training and internal knowledge programmes; working with internal teams and clients to manage the impact of legal and regulatory changes; horizon-scanning; and developing model documents. Maedhbh has significant experience in the areas of financial services regulation, debt capital markets, secured lending, loan portfolio sales, structured finance and partnership law. She is the editor of Twomey on Partnership (2nd ed., Bloomsbury Professional, 2019), and the author of a number of industry publications. She is also a member of various sub-committees of industry groups such as the International Capital Market Association and the Irish Debt Securities Association. Prior to joining Arthur Cox in 2012, Maedhbh practiced in the Banking and Financial Services Group of another large Irish law firm and spent two years on secondment working with the leadership team of a large Irish financial institution on its restructuring. 

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Sinéad Cantillon
Sinéad Cantillon

Senior Professional Support Lawyer, Arthur Cox LLP

Sinead is a senior professional support lawyer in their Debt Finance Group.

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Jurisdiction(s):
United Kingdom and Ireland
Related legal acts:
Key definition:
Cash flow definition
What does Cash flow mean?

Cash flow is regarded by many as the ultimate test of financial health. Seasoned analysts do not entirely trust the figure a company puts on its profits, since profits can be ‘massaged’, whereas cash is more difficult to manipulate. Profit, as they say, is a matter of opinion. Cash is a matter of fact. The best way to check the cash flow position of a company is to scrutinise the cash flow statement in its annual report and accounts. It provides fact on whether a company has generated or consumed cash in the year, and how. It can be used in conjunction with the P&L to assess the trading results, or it can be used in conjunction with the balance sheet to assess liquidity, solvency and financial flexibility.

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