Thursday July 2, 2020

Banks: Lloyds postpones €2bn sale plan in concern over Irish law

Lloyds has held off on its plans to put a €2 billion Irish residential loan book on the market over concerns regarding a loophole in Irish law.

15th June, 2013

Lloyds has held off on its plans to put a €2 billion Irish residential loan book on the market over concerns regarding a loophole in Irish law.

According to reports in London, the bank has postponed plans to put the €2 billion Project Porter residential non-performing loan on the market over concerns about the level of clarity on lenders' repossession rights on residential properties.

Lloyds has concerns over repossession procedures following a ruling by Ms...

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