Irish banks’ non-performing loans will increase in the coming quarters as support measures for borrowers during the pandemic come to an end, Fitch Ratings said on Thursday. Banks have escaped a sharp increase in non-performing loans during the pandemic to date. According to Fitch, this is due in large part to the “unprecedented level of Government support” channelled to individuals and businesses during the pandemic. Figures show that there has been only a moderate increase in non-performing exposures (NPEs) at both AIB and Bank of Ireland. Bank of Ireland’s ratio, meanwhile, rose from 4.4 per cent to 5.7 per cent over the same period.

Source: The Irish Times March 18, 2021 13:01 UTC