AIB primed for ‘Project Beech’ €1bn loan sale

Move comes as Irish banks face pressure from EU to bring non-performing loans under control

AIB is set to push the button on a loan sale worth up to €1 billion, as the bank seeks to tidy up its book of non-performing debts.

The data room for Project Beech, the bank’s latest portfolio of toxic debt, will open in the coming days, according to sources with knowledge of the situation.

Irish banks are facing sustained pressure from the European and Irish Central Banks to bring their legacy of ...