Lloyds Banking Group plans to sell about €2 billion of mainly Irish property loans, the latest phase in extricating itself from Western Europe’s biggest property crash, according to a person with knowledge of the transaction.
Britain’s second-biggest government-aided bank will probably have to take discounts on the sale, said the person, who declined to be identified because details of the sale are private. Ian Kitts, a Lloyds spokesman, declined to comment.
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