Friday September 18, 2020

Property prices help slash former ACC losses

Pay and costs also fall as wind down continues

Ian Guider

Markets Editor

3rd June, 2016
ACC winding down after heavy losses in financial crash Pic

ACC Loan Management, the remnants of

the old ACC Bank, slashed its losses last year by more than a third to €93m.

The company, which handed back its banking licence to the Central Bank after haemorrhaging cash for many years, said the reduction was down to lower charges for bad loans and a fall in its operating expenses.

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