€15bn of Irish loans to be sold this year, predicts PwC analyst

About €15bn worth of loans, mainly via Nama and IBRC portfolios, are expected to be sold this year, with Ireland once again playing a leading role in increased levels of non-core loan transactions in the European market.

PwC analysis shows a record level of €64bn worth of European loan portfolios were sold last year.

British banks topped the transaction table, with €23.5bn worth of deals, but the overall total was also heavily driven by activity in Ireland, Spain and Germany.