Saturday October 31, 2020

Bank of Ireland to sell €590m of project finance loans

Bank of Ireland is to sell a €590 million portfolio of project finance loans to Sumitomo Mitsui Banking Corp at 85 per cent of their loan value, it said in a statement.

28th November, 2011
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Bank of Ireland is to sell a €590 million portfolio of project finance loans to Sumitomo Mitsui Banking Corp at 85 per cent of their loan value, it said in a statement.

The loans relate to infrastructure and energy assets in North America and Europe and the €470 million in cash proceeds from sale will reduce the bank’s funding from monetary authorities in line with the bank's deleveraging plan and will have a neutral impact on...

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