Bailout review: Banks ahead of target but downside risks remain
State-guaranteed lenders sold and ran down €40 billion of loans last year, ahead of target, but the Government plans broadening the personal tax base and increasing indirect taxes, it said.
State-guaranteed lenders sold and ran down €40 billion of loans last year, beating a €34.7 billion target, according to documents published by the Government today.
The documents were part of an update on the progress of Ireland’s EU/IMF bailout.
Bank of Ireland and Allied Irish Banks sold almost €15 billion of assets at “significantly better prices” than expected during stress tests in March, the Government said in the documents.
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