Over € 50bn worth of non - performing loans ( NPLs ) still remain on Irish bank books , according to new figures by the European Central Bank ( ECB ) , despite € 74bn worth of face - value loans being transferred from Irish banks to the National Asset Management Agency , and a further € 40bn reduction in NPLs in the two years to the end of 2008 . The report agrees that the scale of NPLs in Ireland " remains high " and noted the " significant time lag " between a solution being agreed and a reduction being implemented . There are also no specific rules in Ireland , the report noted , regarding NPL write - offs .
Over €50bn worth of non-performing loans (NPLs) still remain on Irish bank books, according to new figures by the European Central Bank (ECB), despite €74bn worth of face-value loans being transferred from Irish banks to the National Asset Management Agency, and a further €40bn reduction in NPLs in the two years following the end of 2013. The ECB agrees that the scale of NPLs in Ireland "remains high" and noted the "significant time lag" between a solution being agreed and a reduction being recorded. There are also no specific rules in Ireland, the ECB noted, regarding NPL write-offs.