Its latest household credit market report found that the overall value of mortgages in arrears fell to €18.7 billion at the end of the fourth quarter, representing 14.7 per cent of all mortgages, down from a peak of 21 per cent, or €27.6 billion, in the third quarter of 2013.
But the bank said that although both debt-to-income and debt-to-asset levels were decreasing, the indebtedness of Irish households remained high in a European context with the third highest...
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