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Belgian Bank Rubberstamps €1.1 Billion Irish Non-Performing Loans Sale

The Portfolio Comprises Private Homes and Buy-To-Let Houses
Houses in North Dublin as seen from the Etihad Skyline viewing platform at Croke Park Stadium, Dublin.   (PA Images via Getty Images)
Houses in North Dublin as seen from the Etihad Skyline viewing platform at Croke Park Stadium, Dublin. (PA Images via Getty Images)

Belgian bank KBC Group and KBC Bank Ireland have finalised the deal announced on 30 August 2021 to sell a non-performing mortgage loan portfolio of roughly €1.1 billion, which are mainly private dwelling house and buy to let in a transaction financed by funds managed by CarVal Investors.

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