AIB is preparing to launch the largest non-performing loan sale in its history next month as it embarks on the final phase of its post-crisis balance sheet purge amid a fresh crackdown on the sector from the European Central Bank.

It is understood soured loans with a face value of close to €2bn will be marketed for sale at the end of November, in a process dubbed Project Redwood. Irish … Continue reading AIB gears up to launch $2bn Project Redwood loan sale