Rabobank dumps loan book as it exits Irish market

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Rabobank dumps loan book as it exits Irish market Contents 2010. acc bank Tax environment. advertising Bank reduces loan acc loan management cuts Loan portfolio. rabobank announced hrn938 million (4 kbc bank Ireland plc is a bank in Ireland with offices in Dublin, Cork, Limerick, Galway and Belfast..

The agency sold its first portfolio of Irish commercial property loans. dump assets. We will not fire sale assets. We didn’t sell in Ireland when the few buyers that were in the market thought they.

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Rabobank, the Dutch banking and financial services company is preparing to offload its residual ACC loan book in a deal that could push the stock of mortgages sold by Irish lenders to more than.

The new Irish government has dropped plans to transfer property loans of less than 20m to the agency. "We didn’t want them in the first place, it’s an absolute relief," Mr McDonagh says.

However, others continued to exit. on their loans. In the second half of the year, ACC Bank, owned by Dutch financial group Rabobank, and Danske Bank both decided to quit the retail market here.

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Deal marks Dutch group’s final exit from irish retail banking.. rabobank sells former ACC loans to Goldman, CarVal and Cabot. including loan books that were deep in arrears and assets that.

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