Link Administration, the Australian-listed financial services firm, has said its Irish business has been affected by a runoff in bad loans. Andrew MacLachlan, the chief financial officer of Link Administration, recently told analysts of the reduction in its non-performing loan portfolio in Ireland. The Australian company operates its Business and Credit Management (BCM) business in Ireland, which services non-performing loans. Last March, Vivek Bhatia, the CEO of Link, told analysts he expected Ireland would be hit with a significant increase in non-performing loans. However, last September, MacLachlan said the new business pipeline of non-performing loans remained “very subdued” in markets including Ireland.

Source: Irish Independent March 13, 2022 04:05 UTC