Irish banks have returned to profitability but still need repairs, report finds
Non-performing loans still represent 20% of lending book
Irish banks returned to profitability in 2014 but have a way to go yet before they will have fully recovered from the financial crisis, the Central Bank of Ireland's latest macro-financial review notes.
Published on June 16, the report says banks, in aggregate, returned to profitability in 2014 for the first time since the 2008 crisis, delivering a "relatively strong" performance in the latter half of the year.
Vulnerabilities remain, however. In particular, non-performing loans (NPLs), while
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