Lloyds Said to Weigh $840m Irish Real Estate Loan Sale

March 19 (Bloomberg) -- Lloyds Banking Group is considering sale of ~EU650m of Irish real estate loans, a person with knowledge of matter told Bloomberg’s Neil Callanan.

* Bank will have to sell at a discount, person said without

being more specific * Lloyds declined to comment * NOTE: More than 90% of Lloyd’s GBP7.4b Irish commercial real

estate loan book is impaired, according to annual report * NOTE: Lloyds agreed to sell Irish, U.K. loans in Nov at

10-25% of face value

Story Link:NSN MJWE2U6K510F<GO>

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Stephen Foxwell in London at +44-20-7392-0572 or sfoxwell@bloomberg.net

To contact the editor responsible for this story: Stephen Foxwell at +44-20-7392-0572 or sfoxwell@bloomberg.net

Before it's here, it's on the Bloomberg Terminal.