Saturday June 6, 2020

Danske will sell Irish properties separately as it retreats

Danske Bank will sell a batch of Irish properties individually rather than in a single transaction as it had planned as the biggest Danish lender reduces its holdings in the country.

7th November, 2013
Danske Bank is winding down much of its Irish operations.

Danske Bank will sell a batch of Irish properties individually rather than in a single transaction as it had planned as the biggest Danish lender reduces its holdings in the country.

The properties, including residential and commercial assets, won’t be sold as a portfolio, said Caroline Douglas, a Dublin-based spokeswoman for the bank.

Danske Bank is winding down much of its Irish operations after suffering losses when the property market collapsed in 2007....

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