AIB weighs sale of more problem loans with face value of €500m - WiredFocus

There is one particularly worrying aspect to Oma Savings Bank's performance. The value of problem loans has more than tripled during the year. The CEO explains why this has happened.

AIB weighs sale of more problem loans with face value of €500m - WiredFocus

AIB is preparing for a potential sale of a portfolio of non-performing loans, including debt that had soured during the Covid-19 pandemic and never recovered, sources have said. The portfolio being assembled has an original value of €500 million and could come to the market as soon as the third quarter of this year, the sources said, adding that it includes mortgages, unsecured loans and small business loans. The development comes about 18 month…