AIB has confirmed a controversial €1bn sale of bad loans, including mortgages, to US fund Cerberus. AIB has confirmed a controversial €1bn sale of bad loans, including mortgages, to US fund Cerberus. The portfolio consists of 2,200 non performing customer loans, around 95pc of which have been non perforning for over two years. The loan portfolio has a gross non-performing exposures value of €1bn and a fully loaded risk weighted assets position of €0.75bn. In the year to December 2018, the loan portfolio incurred a loss of €11m.

Source: Irish Independent April 01, 2019 06:45 UTC