trending Market Intelligence /marketintelligence/en/news-insights/trending/UDEDn0OWH6x9_cYOR5u5Wg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Report: Bank of Ireland to sell €800M in NPLs

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Report: Bank of Ireland to sell €800M in NPLs

Bank Of Ireland Group PLC is looking to sell up to €800 million in nonperforming loans throughout 2019, according to the Irish Independent.

The bank has set aside at least €600 million in buy-to-let mortgages that could either be sold or securitized, the March 10 report said. A spokesman for the bank also told the newspaper that it expects to trim its stock of NPL exposures by between €1.0 billion and €1.2 billion in 2019.

Although the bank previously ruled out any loan book sale, CEO Francesca McDonagh said in July 2018 that the bank could off-load bad loans due to changes in the regulatory environment.

The bank's NPE exposure ratio stood at 6.3% at the end of 2018, down from 8.3% at 2017-end.

Bank of Ireland Group is the parent of Bank of Ireland.