AIB had €4.5 billion worth of renegotiated loans and receivables at the end of 2009, compared to €154 million at the end of 2008.
These are facilities which have had their terms renegotiated resulting in an "upgrade" from 91 days "past due" or impaired to performing status, according to filings from the Dublin-based lender. If the loans had not been renegotiated, they would have been classed as "past due" or "impaired."
AIB said it does not normally restructure loans at "concessionary interest rates or restructure on uncommercial terms.
Bloomberg