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Found 1 result

  1. Lloyds Banking Group has agreed the sale of a portfolio of Irish commercial real estate loans to Risali Limited, an entity affiliated with Apollo Global Management, for £149 million. The transaction is not expected to have a material impact on Lloyds due to significant impairment provisions held by the bank against the portfolio, which are higher than the average across its Irish wholesale book. The gross assets offloaded by Lloyds amount to £1.466 billion. Link: http://www.bankingtimes.co.uk/2012/11/20/lloyds-offloads-toxic-irish-real-estate-loans/
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