BoI to sell €1.3bn of US loans

BANK OF IRELAND, the nation’s largest bank, is preparing to sell its remaining $1.8 billion (€1.3bn) of US real-estate loans after regulators ordered it to shrink its balance sheet.

The bank expects to hire advisers in the middle of this week to oversee the sale, Anne Mathews, a spokeswoman for the bank said.

The unit manages commercial real-estate loans in New York City, Washington and Boston, she said.