Certus to take over IBRC loans

Nama has announced the successful loan service providers that will take over the IBRC assets that are not sold by the end of this year.

Certus to take over IBRC loans
Thu, 04 Jul, 2013 - 01:00
John Walsh, Business Correspondent

Certus, which was set up to wind down the Bank of Scotland loan book, will take over IBRC’s commercial property loans, residential investment and development loans and business banking loans. The assets have a nominal value of €22bn.

The portion of IBRC’s €1.8bn residential mortgage book that is not sold will go to a consortium of Pepper Asset Servicing and Serco.

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