AIB’s loan book is between 60% and 70% exposed to the property sector; Bad debt losses at Ireland’s top three domestic banks may peak at almost €5.2bn over the next two years says Goldman Sachs
Aug 27th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
AIB’s loan book is between 60% and 70% exposed to the property sector and bad debt losses at Ireland's top three domestic banks may peak at almost €5.2bn over the next two years as an increasing number of loans to property developers falter according to US investment bank Goldman Sachs, which downgraded AIB from buy to neutral.