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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team