Irish Central Bank Pressures Bank Boards on Mortgages, Post Says

Ireland’s central bank plans to ask the boards of three state-supported lenders to take direct responsibility for ensuring management is implementing measures to resolve increasing mortgage arrears, the Sunday Business Post reported, without saying where it got the information.

Officials from the central bank will attend board meetings of Bank of Ireland Plc, Allied Irish Banks Plc (ALBK) and Permanent TSB to express displeasure with progress in dealing with mortgage arrears, the newspaper said.

To contact the reporters on this story: Finbarr Flynn in Dublin at

To contact the editor responsible for this story: Douglas Lytle at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.