Tuesday May 26, 2020

Market Talk

Eight years on from the guarantee, the banks’ debts remain huge

Ian Guider

Markets Editor

18th September, 2016
Mario Draghi, president of the European Central BankGetty

€50 billion. That’s the huge sum of non-performing loans sitting on the books of Irish banks at the end of last year. Almost a fifth of that number was mortgage arrears, the European Central Bank said as it announced that lenders across the eurozone were bogged down with bad loans totalling €1.1 trillion.

During the week, the Irish Central Bank published its quarterly data on mortgage arrears, covering the three months to the...

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