Advertisement
Singapore markets open in 4 hours 14 minutes

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Bitcoin USD

    64,858.75
    +787.68 (+1.23%)
     

  • CMC Crypto 200

    1,396.60
    +14.02 (+1.01%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Gold

    2,344.30
    +5.90 (+0.25%)
     

  • Crude Oil

    83.81
    +1.00 (+1.21%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -7,174.53 (-50.07%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Lloyds sells 2.6 billion pounds of Irish loans to Goldman, CarVal, BoI group

Reuters
A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009. REUTERS/Stefan Wermuth

LONDON (Reuters) - Lloyds Banking Group (LLOY.L) said it sold a portfolio of Irish commercial loans with a face value of 2.6 billion pounds to a consortium including Goldman Sachs and Bank of Ireland (BKIR.I).

Lloyds said on Thursday it sold the portfolio for about 827 million pounds in cash to a consortium comprising Ennis Property Finance, which is affiliated to Goldman; Feniton Property Finance Limited, affiliated to U.S. specialist investor CarVal; and Bank of Ireland.

Lloyds said the gross assets of the portfolio were 2.6 billion pounds, of which 2.3 billion were impaired. The assets made a loss of 130 million pounds in 2014.

It said the transaction is not expected to have a material impact on it but will add about 7 basis points to its capital ratios.

(Reporting by Steve Slater; Editing by Sinead Cruise)