Banks have enough capital for mortgage plan, say analysts

Ireland’s banks should not need to raise additional capital to deal with new central bank targets for resolving residential mortgage arrears, analysts said this morning.

14th March, 2013
The Central Bank has set new targets for banks on mortgage arrears.

Ireland’s banks should not need to raise additional capital to deal with new central bank targets for resolving residential mortgage arrears, both Goodbody Stockbrokers and Davy said in briefing notes this morning.

The government yesterday outlined its new mortgage arrears plan, telling banks to tackle 50 per cent of mortgages in arrears by the end of this year as part of new targets set by the Central Bank.

Goodbody said in a note this...

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