BofI on track to meet deleveraging targets after €5bn loan portfolio divestment

20 Oct 2011

Bank of Ireland has divested €5bn of non-core loans at a discount of around 9% without any adverse effect on its core tier one capital ratio. The sale of the assets puts the bank on track to meet the conditions of Ireland’s sovereign bail-out.

The group’s share price rose after the sale was announced last Friday. The divestment, part of a plan to sell off €10bn of loans and accept repayment of another €20bn by the end of 2013, involved US and UK commercial and residential mortgage loan books in the US ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.