Impaired home loans rise at Haven

The value of impaired loans at EBS subsidiary Haven Mortgages last year increased by €19m to €238.7m as the firm’s number of repossessions increased fivefold.

New accounts show that that the percentage of impaired loans last year increase from 18.8% to 21.7%, or from €209.4m to €238.7m of the firm’s total loan book.

Overall, the percentage of Haven Mortgages criticised loans last year increased from 28.4% to 31.1% or from €317.4m to €340.9m.