€107.1m loss at GE Capital Woodchester

GE Capital Woodchester, the sub-prime mortgage lender, recorded pre-tax losses in its Irish business totalling €107.1m in 2011.

€107.1m loss at GE Capital Woodchester
Tue, 26 Feb, 2013 - 00:00
Gordon Deegan

Accounts filed with the Companies Office show GE Capital Woodchester Home Loans Ltd sustained the loss after incurring exceptional costs of €92.9m through the writing off of bad and doubtful debts.

The loss in 2011 follows losses of €71.9m in 2010.

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CourtsPlace: AustraliaOrganisation: GE Capital WoodchesterOrganisation: GE Capital Woodchester Home Loans LtdOrganisation: Pepper Home Loans GroupOrganisation: GE Capital Woodchester Home
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