AIB includes buy to lets in proposed sale of Non Peforming Loans

Discussion in 'Housing and mortgage arrears - policy issues' started by Brendan Burgess, 12 Dec 2018.

  1. Brendan Burgess

    Brendan Burgess Founder

    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.