Allied Irish Banks (AIB) is seeking to its real estate (RE) loans portfolio worth €1.4 billion, Financial Times reports. The loans have been made on homes, offices and shops across Ireland.
AIB is aiming to reduce the balance of non-core loans in its portfolio from €25.1 billion at the end of 2010 to €4.2 billion by the end of 2013. The portfolio is made up of €1.1 billion of commercial property loans and the remaining €300 million is made up of loans on houses and apartments spread across the country.
Click here for the story from Financial Times.