Banks’ non-performing loans ‘level out’

Ratings agency Fitch believes that the number of non-performing loans at the two main Irish banks has finally levelled out.

Analysing Bank of Ireland and AIB’s annual results the ratings agency believes that the main Irish banks are well positioned to pass the European Central Bank asset quality review.

“Non-performing loans are likely to have plateaued at the two large Irish banks at end-2013 ahead of the ECB’s comprehensive review,” Fitch Ratings says.