Bankers expect Irish banks’ assets such as their prime residential mortgage loans, particularly those based outside Eire, to be among the first to be sold within the next year.
One analyst said the UK loans could be more attractive to buyers. Bank of Ireland has about €60bn (£50.9bn) of mortgages, about half of which are based in the UK. A news analysis in the Financial Times focuses on how Nama, Ireland’s “bad bank”, has burdened lenders by crystallising their losses.
06/12/10 Financial Times 21, 23
