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.
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Coffey, S. (2017). Non-performing Loans in Ireland: Property Development Versus Mortgage Lending. In: Monokroussos, P., Gortsos, C. (eds) Non-Performing Loans and Resolving Private Sector Insolvency. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-50313-4_5
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DOI: https://doi.org/10.1007/978-3-319-50313-4_5
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