Wednesday April 1, 2020

Danske to sell Irish loan book

Danske Bank is lining up a massive sell-off of its non-core Irish loan book, with the lender's Danish parent imposing a strict 2014 deadline on asset disposals and loan book sales.

20th April, 2013

Danske Bank is lining up a massive sell-off of its non-core Irish loan book, with the lender's Danish parent imposing a strict 2014 deadline on asset disposals and loan book sales.

Executives from Denmark were in Dublin in the past two weeks outlining the deleveraging schedule. Grant Thornton, the accountancy firm, has been appointed to advise on the process in the past two weeks, according to sources within the bank.

The strategy will involve a large...

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