AIB’s Project Alder to sell off more than €1bn worth of toxic debt

It found those credit unions that had engaged in restructuring had seen a lower rate of increase in expenses (not including salary costs) than those that had not – 25 per cent compared with 39 per.

AIB is ramping up preparations for its latest sale of toxic debt, code-naming the process Project Alder, with sources suggesting. That loan book started out as considerably larger than the 1.

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More than 91 per cent. Irish mortgages worth about 375 million. The move was designed to reduce its non-performing exposure ratio to about 5.8 per cent, something it is under pressure to do. In. AIB is poised to sign off on a controversial 1bn sale of bad loans including mortgages to US fund Cerberus, understands. PTSB says its tracker probe is complete, despite claims of thousands more cases

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MARINE & Mercantile Securities (M&M), an exploration company which has a share quotation on the London Alternative Investment Market (AIM), has agreed to acquire 50 per cent of EUROGAS, a company with.

In October 2017, two former directors of QIL, Liam McCaffrey and Kevin Lunney, lost a High Court challenge to the Central Bank inquiry into whether they participated in regulatory contraventions.

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