Banks told vulture funds not the only option for debt sell-off

Banks told vulture funds not the only option for debt sell-off

It is understood that while European authorities want Irish banks to bring down non-performing mortgage debt, no diktat was issued that specified sales of portfolios

Irish banks are not being forced to sell off non-performing home loans and have tools available to them other than portfolio sales to bring down their levels of soured debt, senior regulatory sources have said.

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