Monday April 6, 2020

‘Wrong place’ EBS set to transfer loans worth €1 billion into Nama

EBS prepared to draw a line under its ill-fated development lending adventure last week as the building society reported pre-tax losses of €8.8 million for the six months to June, following profits of €27 million a year earlier.

19th September, 2009

EBS prepared to draw a line under its ill-fated development lending adventure last week as the building society reported pre-tax losses of €8.8 million for the six months to June, following profits of €27 million a year earlier.

‘‘It probably wasn’t the place EBS should have been in the first place,” said Fergus Murphy, the only chief executive of the six lenders covered by the government guarantee to hold onto his job....

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