Central bank restricts lending at half of Ireland’s credit unions

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The central bank of Ireland

The Central Bank of Ireland has unveiled the names of accounting firms appointed to audit the country's numerous credit unions, nearly 50% of which are currently restricted in how much they can lend due to concerns about the sector's lending practices.

A total of 183 Irish credit unions – almost half of the total – have restrictions on their lending, a central bank spokesman said. Of these, 17 can lend sums of €40,000 or more, with the others more firmly restricted. Credit unions wanting a

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