Ulster takes on opposition in €1.6bn loan sale

Ulster Bank looks set to face political opposition head-on from Fianna Fáil and Sinn Féin after announcing the start of the sale of 6,500 loans worth €1.6bn of distressed mortgage debt, a move which is likely to embolden other main lenders to offload their troubled loan books too.

Ulster takes on opposition in €1.6bn loan sale
Fri, 11 May, 2018 - 07:30

By Eamon Quinn and Pádraig Hoare

Ulster Bank looks set to face political opposition head-on from Fianna Fáil and Sinn Féin after announcing the start of the sale of 6,500 loans worth €1.6bn of distressed mortgage debt, a move which is likely to embolden other main lenders to offload their troubled loan books too.

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