Bank of Ireland must sell assets to balance state aid

Bank of Ireland has been ordered by the European Commission to sell off parts of a subsidiary in compensation for its state aid.

Bank of Ireland must sell assets to balance state aid
Tue, 09 Jul, 2013 - 13:07

Bank of Ireland has been ordered by the European Commission to sell off parts of a subsidiary in compensation for its state aid.

The Commission says the bank will have to sell off parts of the ICS Building Society mortgage business. This means some loans will be taken over by the new owner.

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