Friday April 3, 2020

Ireland's banks lose €118 billion in four years

Ireland’s largest 10 consumer lenders, including four overseas-owned banks, lost around €117.8 billion since 2008, according to data compiled by Bloomberg News.

25th April, 2012
Anglo Irish Bank was the poster child for Irish bank losses but the other banks lost plenty too.

Ireland’s largest 10 consumer lenders, including four overseas-owned banks, lost around €117.8 billion on soured loans since the collapse of the property market four years’ ago, according to data compiled by Bloomberg News.

The figures include loan impairment charges and losses on loan disposals, including the sale of more than €70 billion risky property assets by five domestic lenders to the National Asset Management Agency. The data was compiled from various annual reports...

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