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

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