Bank of Ireland to bundle up €375m of mortgages linked to buy-to-let investments in bid to cut soured loans - what's the best air purifier to buy

The Bank of Ireland plans to link a 375 euro restructuring mortgage to purchaseto-
Allowing real estate investment to be securitized is the latest move by lenders to cut the stock of non-performing loans.
The bank launched an investor roadshow to assess interest in the deal and to authorize Lloyds bank company market and Morgan Stanley to arrange the process.
The total value of the portfolio is € 375 and it is expected that the proposed transaction will result in the bank's non-
The exposure (NPE) ratio is performed from 6.
3 pc at around December 31-5, 2018. 8pc.
Like other Irish banks, Irish banks are under pressure from regulators to cut their non-performing loan stock to the euro area average (around 3 euros ). Four PCs were lost.
The Bank of Ireland's non-performing loan level is already the lowest level for any bank in Ireland, and avoids large loan portfolio sales by competitors including AIB and alst bank.
The Bank of Ireland said in a statement that most of the loans involved had been restructured and were being implemented in accordance with the agreed restructuring arrangements.
Nevertheless, mortgages are classified as non-
Consistent with the European Banking Authority (EBA) and the European Central Bank (ECB) regulatory guidelines.
The bank said the proposed securitization meant that the bank would continue to serve the loan and that the lender would continue to comply with the existing terms of the restructuring and that the client would not have to take any action.
"Under the relevant statutory code of conduct of the Central Bank of Ireland, including the consumer protection code, the protection currently provided to customers will not change," the bank said . ".
"In addition, there is currently no transfer of services or legal title to the portfolio plan, and the Bank of Ireland is expected to continue to serve these mortgage accounts.
This means that the Bank of Ireland will remain the customer's point of contact in all inquiries about loans, as it is today.
"Customers do not need to take any action, but any borrower seeking more information can contact a dedicated customer call," the bank said.