Furthermore, these mortgage measures are designed to enhance the resilience of banks and borrowers to negative financial shocks by limiting over-lending by banks and over-borrowing by households. We conduct an annual review of the calibration of these measures to ensure continued effectiveness at meeting these objectives: the outcome of this review will be announced in late November.
Non-Performing Loans Ten years on from the onset of the crisis, and five years since their peak, non-performing loans (NPLs) in Ireland are still a cause of considerable distress to borrowers and vulnerabilities in the banking system. Elevated levels of NPLs impinge on the capacity of both lenders and debtors to weather future downturns.