RBS speeds up sell off of non performing Irish loans

RBS is pushing the button on a major plan to accelerate the sell-off of billions of euro in shoddy Irish loans.

Ian Kehoe - avatar

Ian Kehoe

26th October, 2014

Royal Bank of Scotland (RBS) is pushing the button on a major plan to accelerate the sell-off of billions of euro in shoddy Irish loans advanced by its troubled Irish subsidiary Ulster Bank.

The Edinburgh-based lender has opted to ramp up its timetable for offloading non performing Irish real estate loans, in an effort to tap into the frenzied international demand that currently exists for Irish assets and loans.

The first step by RBS is...

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