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Fri 07 Jul 2008Hurley says no major rise in loan arrears in Irish banks
CENTRAL BANK Governor John Hurley has said there is no sign of a "material increase" in loan arrears in Irish banks, whose shares have dropped significantly amid fear of lower profits and higher bad debts in the economic downturn.
Publishing his 2007 annual report yesterday, Mr Hurley said preliminary results from the latest stress tests on the bank sector suggest that its shock absorption capacity remains strong.
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