Bank to pressure wealthy to repay millions

Wealthy professional classes are set to come under increased pressure as the IBRC attempts to recover hundreds of millions now due on money borrowed to invest in heavily loss-making property funds.

Many of these loans were taken out between 2005 and 2007, which means they are due to be repaid.

However, many of the property funds are heavily in the red, which is set to put even more pressure on already highly indebted barristers, solicitors, accountants, doctors, and other high net worth individuals.