IBRC to sell off €2bn loan portfolio

The former Anglo Irish Bank, Irish Bank Resolution Corporation, is considering selling a loan portfolio of up to €2bn as part of its push to wind up operations by 2020.

The move follows a series of portfolio sales by crisis-hit eurozone lenders looking to rid themselves of low-price loans after high funding costs made it too expensive to hold onto them.

IBRC’s portfolio consists of around €2bn of corporate loans, according to sources.