Bank’s planned sale of mortgage loan book to Bof I subject of competition review
Bank books a raft of costs tied to its planned departure from the Irish market
Belgian lender expects regulatory decision on sale in second quarter of 2022, says CEO
Bolt-on deal should boost the group’s return on tangible equity to 12.7 per cent in 2024
Charge includes €81m of staff restructuring costs and €170m of loan impairment charges
The list of lenders who have left the banking market in the Republic since 2008 includes Bank of Scotland, Anglo Irish Bank, Irish Nationwide Building Society and Ulster Bank
Cantillon: While everyone was preoccupied it revealed it would sell €800m of mortgages
The portfolio includes 2,800 owner-occupier loans with a face value of €715m
Lenders in Ireland sold €6.2bn of loans, second only to Italy’s €6.5bn
Portfolios are understood to include apartment blocks around Dublin
Move said to leave just two bidders for largest ever loan sale by Nama - Project Eagle acquirer Cerberus and US fund Apollo
Pepper in dispute with Revenue over use of losses to cut tax bill
Loan portfolio is linked to the former Anglo Irish Bank
CarVal acquires majority holding in Dublin-based airport leasing firm
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