Irish bank to give 0% loan in bid to divest EUR 1 bn portfolio - report

Anglo Irish Bank is reportedly working on a deal to give a developer an interest-free loan to take a EUR that the proposed deal would be Green Property, owner of Blanchardstown Shopping Centre, the largest shopping centre in Ireland. Another Irish bank, Allied Irish Banks (AIB) carried out a similar transaction with Green last year to avoid selling a UK portfolio during the height of the price correction there, the newspaper said.

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