February 15, 2019 10:07 am

Irish banks to sell more bad loans

S&P Global Ratings has predicted, that Irish banks are looking to offload their non-performing loans to meet the targets of the European regulators. In a new report, the ratings firm predicts the share of non-performing loans on the loan books of Irish banks will fall to 8.8% this year and then to 7.4% in 2020, but that more work will need to be done to satisfy regulators. In 2014, the NPE ratio of Irish banks was 40%.

The report says, that “the ECB is strongly encouraging Irish banks to reduce their NPE ratios further, preferably to around 5% by year-end 2019. We, therefore, assume that the banks will need to make some further NPE portfolio sales in order to meet this target, although such transactions are not part of our base-case forecast”. Irish Examiner

Η ανάρτηση αυτή έγινε από τον/τηνDebitos

(Δικαιώματα εικόνων: Bank of Ireland Dublin)

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