Brendan Burgess
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AIB lines up record €3.4bn loan portfolio sale
AIB’s latest troubled loans portfolio sale, initiated in recent weeks, contains debt that was originally valued at €3.4 billion, according to sources.
That’s three times the previously reported size of the collection of non-performing loans (NPLs), known as Project Beech. It is comprised of buy-to-let mortgages and borrowings against commercial property and development land.
AIB’s latest troubled loans portfolio sale, initiated in recent weeks, contains debt that was originally valued at €3.4 billion, according to sources.
That’s three times the previously reported size of the collection of non-performing loans (NPLs), known as Project Beech. It is comprised of buy-to-let mortgages and borrowings against commercial property and development land.