New eviction legislation held up by banks’ concerns over non-performing loans

Ireland’s mountain of non-performing loans represents a “national systemic risk” in the event of a downturn, the Central Bank governor Philip Lane has cautioned.

23rd December, 2018

The warning comes as the government is struggling to bring in a new law to protect homeowners from repossessions over concerns it could threaten the ability of banks to sell off their bad loans.

Writing in today’s Sunday Business Post, Lane says: “While many households and firms have sacrificed much to reduce debt levels over the last decade, the stock of non-performing loans is still too high and constitutes a national systemic risk in the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Emer McLysaght: Dazed and confused in a new age of A&E

Columnists Emer McLysaght 16 hours ago

Nadine O’Regan: Will the pandemic finally deliver a revolution in comfort dressing?

Brian Keegan: A solidarity tax would be a step backwards

Tax Brian Keegan 16 hours ago

Tony O’Brien: Our quarantine approach seems designed with failure in mind

Coronavirus Tony O'Brien 16 hours ago