KBC Bank Ireland sells part of legacy corporate and buy to let loan portfolio to Goldman Sachs
(WorldNews Belgium)

Press Release Outside trading hours - Regulated information* Brussels, Dublin - 9 August 2018 (before trading hours) KBC Bank Ireland sells part of legacy corporate and buy to let loan portfolio to Goldman Sachs This morning, KBC Bank Ireland reached agreement with Goldman Sachs to sell a loan portfolio of approximately EUR1.9bn, comprising of: o Non-performing Corporate book o Non-performing Irish Buy-to-Let Mortgage Loans o Performing and Non-performing UK Buy-to-Let Mortgage Loans to entities established and financed by Goldman Sachs (Beltany Property Finance DAC, Tramore Funding DAC and Banna Funding DAC). As a result of the transaction, NPL levels in KBC Bank Ireland reduce by...