Lloyds Said to Weigh $840m Irish Real Estate Loan SaleStephen Foxwell
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
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