herald

Tuesday 19 September 2017

Lloyds in loans sale

LLOYDS Banking Group has sold a portfolio of Irish loans to a US global hedge fund.

The value of the deal, originally worth hundreds of millions of euro, is now listed as an undisclosed sum.

The loans had been held by Bank of Scotland (Ireland) and have been bought by VHP Ireland Limited, which is part of US group Varde Partners.

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