Relevant:
- Irish Confidence Falls on Rising Bank Bailout Costs, Job Losses
- Run on Allied Irish Banks, Customers Pull 17% of Deposits; Ghost Estates and Broken Lives: the Human Cost of the Irish Crash
- Irish Bailout Falls Short; Irish Debt Rating Cut to Junk by Moody’s; Power of the "Trump Card"
- Irish Home Loans Arrears Advance to 8.1% as House Prices Fall
- Irish Taxpayers Face $34 Billion Bank-Bailout Bill, ESRI Says
2012-12-13 — businessweek.com
``Irish banks are under pressure from regulators to find solutions for loans that might never be repaid after receiving 64 billion euros ($83. 6 billion) of bailout funds since the collapse of the country's real estate bubble four years ago. Allied Irish Banks Plc (ALBK), the nation's largest mortgage lender, plans to quicken the pace of restructuring, including the write off of some debt, next year, executives said last month.
"Given the ongoing economic and financial backdrop, it is not surprising that the overall stock of mortgage arrears continues to grow," Felix O'Regan, a spokesman for the Irish Banking Federation, said. "This is likely to continue that way for some months yet." ''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.