Irish banks likely to sell off more loans, says S&P

Irish banks will likely dispose of many more of their non-performing loans to meet targets of the European regulators, S&P Global Ratings has predicted.

In a new report, the ratings firm predicts the share of non-performing loans on the loan books of Irish banks will fall to 8.8% this year and then to 7.4% in 2020, but that more work will need to be done to satisfy regulators.