Monday April 6, 2020

Lloyds begins selling €360m Irish property loans says report

British bank Lloyds has started selling Irish property loans worth €360 million that may only fetch 25 per cent of their original value, according to a report.

24th April, 2012
2
Lloyds said in February said that its total impaired loans in Ireland increased by £1.9 billion in 2011 to £16.4 billion, with two-thirds of Lloyds’ Irish loans impaired.

British bank Lloyds has started selling Irish property loans worth €360 million that may only fetch 25 per cent of their original value, according to a report on the Financial Times website.

The bank took its first round bids on the property portfolio on March 30th, the report said, citing people familiar with the situation. Bidders for the property, which includes the bank took on in its acquisition of HBOS, include Green Property. US private equity...

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