Lloyds considers sale of Irish real estate loans

Lloyds Banking Group is reportedly mulling over of the sale of Irish real estate loans in an effort to pull itself out of Europe's property slump.

Lloyds Banking Group is reportedly mulling over of the sale of Irish real estate loans in an effort to pull itself out of Europe's property slump.

The London-based lender, which is 39% owned by the taxpayer, is considering the sale of about €650m of loans but will have to sell at a discount, a source told Bloomberg.

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