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AIB said the €400m non-performing loan sale cuts its non-performing ratio to 4.4%

AIB sells €400m non-performing loan portfolio

AIB has sold a non-performing loan portfolio in long-term default to Everyday Finance, part of a consortium that includes Everyday, affiliates of Cerberus Capital Management and LCM Partners Limited.

Business • 21 Jun 22

Once completed, AIB will receive around €400 million.

AIB to sell over 2,000 non-performing loans to Mars

AIB is to sell 2,150 non-performing loans in long-term default to Mars Capital Finance Ireland, as part of a consortium that includes Ellington Management Group.

Business • 14 Oct 21

Bank of Ireland said the proposed sale is expected to result in a reduction in its non-performing exposure ratio from about 5.7% at the end of March to about 5.3%

Bank of Ireland moves on non-performing loan portfolio

Bank of Ireland said today it had agreed a securitisation of a portfolio of non-performing Irish mortgages.

Business • 18 Jun 21

Fitch expects Irish banks' asset quality deterioration to be much less severe than in the aftermath of the 2008 financial crisis

Banks' non-performing loans to rise as supports end

Irish banks' non-performing loans will increase in the coming quarters as support measures for borrowers during the Covid-19 pandemic come to an end, new research from Fitch Ratings predicts.

Business • 18 Mar 21

AIB said 92% of the loans were connected to private homes, with the average in arrears for ten years

AIB sells €600m of non-performing loans to Mars

AIB is to sell 4,000 non-performing mortgage loans to Mars Capital Finance, the majority of which are held by owner-occupier customers.

Business • 19 Feb 21

Outgoing Permanent TSB Jeremy Masding said the bank was on course to reach mid-single digits on its non-performing loans

Permanent TSB keeping mortgage rates under review

The chief executive of Permanent TSB has said the bank is keeping its mortgage pricing under constant review, but made no commitment on reducing rates further.

Business • 26 Feb 20

Permanent TSB reports a 19% increase in total new lending for the third quarter

Permanent TSB's non-performing loans ratio now below 7%

Permanent TSB says the proportion of non-performing loans on its books has reduced to below 7% following recent loan sales from a peak of 28%.

Business • 06 Nov 19

11.1% of SME loan balances at the three main small business lenders were non-performing in December of last year, the Central Bank said

Level of SMEs' bad loans continue to fall

New figures from the Central Bank show that the level of non-performing loans among the country's SMEs continue to fall.

Business • 17 Oct 19

The PTSB NPL portfolio is made up of 1,422 home mortgages and 510 buy-to-let mortgages

Permanent TSB sells NPL portfolio to Lone Star's Start

Permanent TSB has agreed to sell another portfolio of non-performing loans to retail credit firm Start Mortgages, in co-operation with LSF Irish Holdings.

Business • 12 Sep 19

False claims made about the NPL sales process have created unhelpful myths, the BPFI states

BPFI defends sale of non-performing loans to funds

New research has been published by the banking industry here which aims to address what it says are false claims made about the sale of non-performing loans to so-called "vulture funds" by the banks.

Business • 06 Sep 19

AIB's CEO Colin Hunt said he was confident the bank would reach its non-performing loans targets

AIB takes charge of €131m as H1 pre-tax profits fall

AIB has reported pre-tax profits - including exceptionals - of €436m for the six months to the end of June - a fall of more than 40% on profits of €762m the same time last year.

Business • 26 Jul 19

Permanent TSB said that new mortgage lending in the first quarter grew by 19%

Permanent TSB reports positive trends in first quarter

Permanent TSB has said its total new lending volumes rose by 25% in the first quarter of 2019, as it continues to trade in line with expectations.

Business • 09 May 19

Colin Hunt said addressing non-performing loans is essential to the resilience of the banking system

AIB may sell more non-performing loans this year

The new chief executive of AIB, Colin Hunt, has signalled that the bank may sell further non-performing loans later this year.

Business • 11 Apr 19

Permanent TSB's chief executive Jeremy Masding

Permanent TSB CEO defends changes to 'legacy' accounts

The chief executive of Permanent TSB has defended changes the bank has made to charges on old current accounts.

Business • 09 Apr 19

The portfolio being sold today consists of about 2,200 non performing loans

AIB to sell €1 billion non-performing loan portfolio

AIB has agreed a deal to sell a €1 billion portfolio of non-performing loans to Everyday Finance, as part of a consortium with Everyday and affiliates of Cerberus Capital Management.

Business • 01 Apr 19

Permanent TSB's chief executive Jeremy Masding says the bank has a positive outlook for 2019

Permanent TSB profits up 45% on increased market share

Permanent TSB has reported a 45% jump in pre-tax profits, before exceptionals, for 2018 as its total new lending volumes increased by over 40%.

Business • 27 Feb 19

Permanent TSB is before the Oireachtas Finance Committee today

Project Glas sale 'least worst alternative' - Masding

The chief executive of Permanent TSB has told the Oireachtas Finance Committee that loan sales are a legitimate tool for banks to use to reduce non-performing loans, adding that it is the least worst alternative.

Business • 11 Oct 18

Euro zone banks reported a quarter-on-quarter easing in credit standards - the criteria they use when deciding whether to lend

ECB sees easier credit for euro zone firms, households

Euro zone banks reported offering firms and households easier access to credit and more generous repayment terms between April and June, a quarterly European Central Bank survey published today found.

Business • 24 Jul 18

AIB CEO Bernard Byrne says bank remains ready and open to address any other tracker mortgage cases should they emerge

2-3 years to get housing supply ahead of demand - Byrne

The chief executive of AIB has said that all impacted tracker mortgage customers across more than 30 individual groupings have been identified, contacted and restored to their correct interest rates.

Business • 21 Jun 18

AIB said the deal is another important step in its non-performing exposure deleveraging strategy

AIB in deal to sell non-performing loan portfolio

AIB has agreed a deal to sell a €1.1 billion portfolio of non-performing loans to a consortium led by distressed debt fund Cerberus.

Business • 17 May 18

The ECB is considering whether further policies on legacy non-performing loans were necessary

ECB mulls shelving rules tackling euro zone's bad loans

The European Central Bank, after suffering a political backlash, is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans.

Business • 24 Apr 18

When we refer to vulture funds, what we're essentially talking about are various forms of private equity firms and pension funds

So, a vulture fund bought your mortgage, what's next?

There has been plenty of focus on so-called vulture funds since they entered the Irish market following the financial crisis, but a decade on and despite all of the attention, much uncertainty and mystery still surrounds exactly who these funds are and what they are doing in Ireland.

Your Money • 07 Aug 18

S&P said the banks' results for 2017 show they are still working through legacy problems, including non-performing loans

S&P's says banks still not back to 'business as usual'

Rating agency Standard and Poor's has said that while the country's banks are rebuilding their creditworthiness, they are still not back to "business as usual".

Business • 26 Mar 18

93% of distressed AIB mortgage customers were meeting the terms of their resolutions, the Finance Committee hears.

AIB 'does not need to sell its restructured loans'

A senior executive at AIB has told the Oireachtas Finance Committee that the bank does not need to sell its restructured loans.

Business • 22 Mar 18

Permanent TSB CEO Jeremy Masding tells the Finance Committee the ratio of non-performing loans on its balance sheet was 26%

PTSB accused of 'throwing its customers to the wolves'

The chief executive of Permanent TSB has said it will "simply not be possible" to meet European Central Bank targets to reduce the level of non-performing loans in the bank without resorting to the sale of mortgages.