More assets could move from Irish banks - Honohan

Central Bank governor Patrick Honohan said that even if lenders move more assets off their balance sheets, in most cases they will probably continue to manage the work-out of SME loans.

27th September, 2012
Central Bank governor Patrick Honohan.

Central Bank governor Patrick Honohan said that even if Irish lenders move more assets off their balance sheets, in most cases they will probably continue to manage the work-out of loans relating to small and medium sized companies.

“Certainly the banks have large blocks of hard-to-value and hard-to-sell assets on their balance sheets which are a drag on the investability of the banks,” Honohan said, according to an e-mailed speech in Dublin. “Even if ultimate...

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