In January 2019, the European Banking Authority received a Call for Advice from the EU Commission to benchmarking national loan enforcement frameworks across individual EU Member States. For the analysis, in 2019-20 the EBA and the National Competent Authorities collected loan-by-loan data on loans under insolvency proceedings from more than 160 banks located in 27 Member States. The European Banking Authority published their detailed report yesterday .
Their full report may be accessed by clicking on link below:
The report contains a mine of information, including the statistic that the “weighted average time” to enforce an Irish debt was the longest in the EU, at 6.6 years. (However, I would suggest that statistic is very misleading as it was based on just 41 cases.)