Belfast Telegraph

AIB loses €4m in repossessions

AIB lost €2 for every €1 it raised from the sale of a repossessed home last year. The bank repossessed 60 residential properties last year, selling on 17 of them – but it lost €4m (£3.4m) on the sales. Accounts filed by its mortgage unit include never-before-seen details about the state of the bank's mortgage lending up to the beginning of this year.

AIB lost €2 for every €1 it raised from the sale of a repossessed home last year. The bank repossessed 60 residential properties last year, selling on 17 of them – but it lost €4m (£3.4m) on the sales. Accounts filed by its mortgage unit include never-before-seen details about the state of the bank's mortgage lending up to the beginning of this year.

Belfast Telegraph

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