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Mon 09 Sep 2008UK lender to be nationalised
The difficulties at troubled British mortgage lender Bradford Bingley (BB), which is expected to be nationalised today by the British government in another state rescue of a bank, will re-focus attention on Bank of Ireland's loans in the UK.
Buy-to-let investors, a segment of the mortgage market in which BB specialises, accounted for almost a third of Bank of Ireland's £27 billion sterling (€34.3 billion) UK mortgage book at the end of March.
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