See Enda Keenan and Martin O’Brien (2018) “New Mortgage Lending Activity in a Comparative Context”, Central Bank of Ireland Economic Letter, Vol 2018 No 5. 14 See Sharon Donnery, Trevor Fitzpatrick, Darren Greaney, Fergal McCann, and Mícheál O’Keeffe “Resolving Non-Performing Loans in Ireland: 2010-2018”in Quarterly Bulletin 2018 Q2. 15 Central Bank internal loan level data for the five main retail banks in Ireland.
Engagement is defined along three criteria: either the borrower has filled out a Standard Financial Statement, has a permanent restructure to the terms of their loan in place, or is currently in a temporary restructure arrangement.