BANK OF IRELAND WON’T FOLLOW PTSB OR ULSTER BANK IN SELLING HOME LOANS

Bank of Ireland is reassuring customers it won’t be selling home loans to a vulture fund.

It’s released its annual results today showing it performed well in 2017 and says it has zero plans to buy or sell non-performing loans.

It also claims it made a profit of over a billion euro and is paying dividends to shareholders for the first time in 10 years.

Group CEO of Bank of Ireland, Francesca McDonagh, says they expect to give out more home loans shortly.

Last week Ulster Bank said it’s going to follow in Permanent TSB’s footsteps and sell thousands of its mortgages in arrears.

David Hall, CEO of the Irish Mortgage Holders Organisation is planning to bid for 4,000 of the PTSB loans this week.

Financial advisor Padraic Kissane says he’d still be like a vulture fund.

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