Central Bank to bring in another mortgage target for banks

The Central Bank is increasing the pressure on banks to tackle personal debt, with the introduction of a further target for addressing mortgage arrears by the end of 2014.

26th January, 2014

The Central Bank is increasing the pressure on banks to tackle personal debt, with the introduction of a further target for addressing mortgage arrears by the end of 2014.

The banks, which are already having to meet two demanding targets, will face a third one from December 31.

The Central Bank, under pressure from the troika to tackle Ireland's mortgage debt problem, introduced quarterly targets last March that dictate the number of sustainable long-term solutions lenders must...

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