The Central Bank will be applying for a High Court order tomorrow to liquidate the remaining assets of Newbridge Credit Union (NCU), the Co Kildare community lender it forced into a takeover by Permanent TSB last month.
The Central Bank is looking to sell NCU's non-financial assets, which consist primarily of its premises in Newbridge town, to help repay the credit union resolution fund part of the €54 million it paid PTSB to take the...
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