Irish central bank worried about progress on non-performing loans

Irish central bank worried about progress on non-performing loans
 

Ireland's central bank is not satisfied with lenders' continued efforts to tackle high levels of non-performing loans, which remain a significant problem, a senior official said on Friday.
Unlike in some other euro zone countries, non-performing loans (NPLs) have been falling in Ireland since peaking in late 2013, but at 45 billion euros (£38.73 billion), they still represented 19 percent of the five main Irish banks' combined loan books at the end of June.
The loans, mostly extended for house purchases just before the bursting of Ireland's property bubble in 2008, remain a blight on... read more

 
30 September 2016 in Business, Views: 44
Source: Reuters
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