In this article Barry comments on the Trends in the Irish Non-Performing Loan Market. The European Central Bank is closely monitoring Irish Banks to insure they meet a 5% non-performing loan ratio by 2020 in line with European norms. As regulatory pressure to off-load non-performing loans increases, Irish Banks have intensified their efforts to rectify the high ratio of non-performing loans. Various legislative and regulatory polices implemented by the Central Bank of Ireland and Irish Banks alongside secondary loan market sales has significantly reduced the level of non-performing loans on Irish Bank books.
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For more information on the topics discussed in this article, or on insolvency and corporate restructuring in general, contact Barry Cahir or your usual Beauchamps contact.