Non-performing Loans in Ireland: Property Development Versus Mortgage Lending

Seamus Coffey
Additional contact information
Seamus Coffey: University College Cork in Ireland

Chapter 5 in Non-Performing Loans and Resolving Private Sector Insolvency, 2017, pp 93-110 from Palgrave Macmillan

Abstract: Abstract The chapter discusses the context of the lending bubble in Ireland that accelerated in 2003 and lasted until 2008. It then contrasts the response to how non-performing loans to businesses and households were dealt with. The response to the massive lending for land and property was relatively rapid with the establishment of a government agency to which the delinquent development loans were quickly transferred. This removed these non-performing loans from the balance sheet of the banks. On the other hand, the response for non-performing mortgages has been very slow by comparison.

Keywords: Banks’ balance sheets; Corporate loans; Household loans; Irish banking system; Non-performing loans (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-50313-4_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319503134

DOI: 10.1007/978-3-319-50313-4_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().