The circle is complete
KBC Bank Ireland has sold a portfolio containing around €1.9 billion worth of loans non-performing buy-to-let mortgages and corporate loans to Goldman Sachs. The loan book also contains performing and non-performing UK buy-to-let mortgages.
Meanwhile…
Alongside today’s announcement, KBC Bank Ireland also issued its half-year results today, which saw it record a net profit of €115.9 million for the first six months of 2018 after tax and impairment.
Good times.
KBC Ireland sells €1.9bn of non-performing loans to Goldman Sach (RTÉ)