AIB Looking To Unload U.S. CRE Portfolio

Allied Irish Banks is said to be looking to sell its entire U.S. commercial real estate loan portfolio worth around $10 billion as early as this month, reports The Wall Street Journal.

Allied Irish Banks is said to be looking to sell its entire U.S. commercial real estate loan portfolio worth around $10 billion as early as this month. AIB, which was nationalized by the Irish government in late 2009, along with other Irish banks have been under pressure to unload foreign assets following their bailout from the European Union and the International Monetary Fund.

Click here to read the story from The Wall Street Journal.