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Western EuropeNovember 13 2020

Payment holidays help Irish banks contain NPLs

Tougher Covid-19 restrictions in Q4 could cause banks' asset quality to deteriorate and NPLs to rise, warns DBRS Morningstar.
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Payment holidays help Irish banks contain NPLs

Irish banks have been offering payment holidays to support households and small and medium-sized enterprises (SMEs) hit by the economic fallout from Covid-19, which has kept non-performing loan (NPL) ratios stable, according DBRS Morningstar

Accounts and loans with outstanding payment breaks hit €10bn in July before falling to €3bn in October, according to a report published on November 11.

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