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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team