Alert over €1.5bn ‘exposure’ to PCP car loans

Banks are exposed to the €1.5bn personal contract plan (PCP) car market if prices in the second-hand market were to dive further, the Central Bank has warned.

Alert over €1.5bn ‘exposure’ to PCP car loans
Thu, 29 Mar, 2018 - 08:00

By Pádraig Hoare

Banks are exposed to the €1.5bn personal contract plan (PCP) car market if prices in the second-hand market were to dive further, the Central Bank has warned.

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