Lloyds to sell off Irish commercial loan portfolio in early 2013

Lloyds Banking Group has announced that it is selling a portfolio of Irish commercial real estate loans as part of its strategy to de-risk its balance sheet and reduce its non-core assets.

Lloyds Banking Group has announced that it is selling a portfolio of Irish commercial real estate loans as part of its strategy to de-risk its balance sheet and reduce its non-core assets.

The portfolio will sell for £149m, and is expected to be completed in the first quarter of 2013. The sale proceeds will be used for general corporate purposes.

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