EBS expects to complete sale despite €250m pre-tax loss

EBS lost a massive €250 million before tax in the first half of 2010 due to bad debt charges on its loans.

EBS expects to complete sale despite €250m pre-tax loss
Wed, 22 Sep, 2010 - 01:00
Brian O'Mahony

The group suffered write-offs of €275m between loans going across to NAMA and on the remainder of its loan book.

Excluding the NAMA losses, the group would have made a pre-tax loss of €93.1m for the six months ended June 2010.

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