Irish banks were still carrying non-performing loans (NPLs) worth more than €50bn at the end of 2015 according to the European Central Bank (ECB). 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 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 .