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

  • Seamus Coffey
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


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.


Banks’ balance sheets Corporate loans Household loans Irish banking system Non-performing loans 


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Copyright information

© The Hellenic Bank Association 2017

Authors and Affiliations

  • Seamus Coffey
    • 1
  1. 1.Lecturer in EconomicsUniversity College Cork in IrelandCorkIreland

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