Friday July 10, 2020

RBS may raise Irish home loan provisions

Royal Bank of Scotland may need to set aside additional provisions to cover rising mortgage losses in Ireland over the next two years, according to Espirito Santo Investment Bank.

10th July, 2012
An investment bank has increased its Irish residential mortgage provisions forecast for RBS by £147 million.

Royal Bank of Scotland Group, Britain’s largest state-controlled lender, may need to set aside additional provisions to cover rising mortgage losses in Ireland over the next two years, according to Espirito Santo Investment Bank.

The investment bank increased its Irish residential mortgage provisions forecast for RBS by £147 million (€185 million), or 27 per cent, for this year and by £370 million, or 107 per cent, for 2013, London-based analyst Shailesh Raikundlia said...

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