Essential Reading for bankers. Why is Ireland the slowest country in Europe for recovering bad debts?

Friel Stafford > Blog > Uncategorized > Essential Reading for bankers. Why is Ireland the slowest country in Europe for recovering bad debts?

Essential Reading for bankers. Why is Ireland the slowest country in Europe for recovering bad debts?

  • Posted by: Jim Stafford
  • Category: Uncategorized

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:

Benchmarking of EU Debt Enforcement

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.)

Author: Jim Stafford