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Banking group Lloyds takes 90pc hit on
The sale for 149m will not have a material impact because the value of the loans had been largely written down previously, Lloyds said on Monday.
The end of a property market bubble in Ireland saw commercial real estate prices fall two thirds.
Lloyds has provided for losses of 66.8pc on its Irish wholesale loans book which would have included the loans just sold, its firsthalf results showed. The rate for the loans sold on Monday was higher than that average, it said.
A spokesman would not say whether the provisions taken on the 1.47bn portfolio were as high as the discount given to the buyer. firm Apollo would not comment on the deal.
Lloyds,[url=http://www.floware.fr]michael kors paris[/url], which traded under the Halifax brand in Ireland, has pulled out of the country and has been using a third party set up by its former Irish management to work out the remaining loan book.
It shrunk its Irish loan book by 1.9bn pounds in the first half largely as a result of disposals. After that, Lloyds had 16.1bn of wholesale, largely propertyrelated Irish loans and 6.7bn of retail loans mostly mortgages.
The Irish loan book was cut by another 1.1bn in the third quarter, Lloyds said in a Nov. 1 trading update.
Royal Bank of Scotland's Ulster Bank has also sold off sizable portfolios of Irish loans, while Ireland's National Asset Management Agency, a socalled bad bank, is keen to find buyers for loans on its books.
Created to purge banks of 74bn in propertyrelated loans, NAMA is one of the world's largest property groups having acquired assets ranging from London skyscrapers to Irish farmland.

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the net news (Chen Huali Wu Qinliang) Kangshifu drinks main production facility to install,[link widoczny dla zalogowanych], 2#3# workshop has been completed, Damin food across the Taiwan Strait (International) agricultural products logistics city commercial street part of the completion of renovation...... In recent days, Longwen municipal key projects under construction Triumphant news. It is reported,[link widoczny dla zalogowanych], 1 to August,[link widoczny dla zalogowanych], the 16 municipal key projects under construction total investment 4940000000 yuan,[link widoczny dla zalogowanych], accounting for 139.9% of the annual plan,[link widoczny dla zalogowanych], schedule of investment in the first.
this year, Longwen district on the development goals,[link widoczny dla zalogowanych], to the "five big battle",[link widoczny dla zalogowanych], "the ten race" for grasper, deepen the "two help" activities,[link widoczny dla zalogowanych], the departments at all levels have in-depth project first,[link widoczny dla zalogowanych], before leaning guidance and coordination, timely coordinate and solve the difficulties and problems, and promote the construction of key projects continue to accelerate the pace of.
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yesterday, love people and our reporter, condolences to the families. Among them, 15 households living in the family household will receive 800 yuan in cash and a bag of rice, a barrel of oil and a box of instant noodles, 17 other families will get rice and oil.

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Tao Jiaqi the martyr is Nanjing Jiangning Lake acquaintances, was born in a merchant family. 1932 ", two eight" campaign occurred, he was in Shanghai,[link widoczny dla zalogowanych], defending the national patriotism led him to proceed without hesitation to join the nineteen route army fought against the Japanese army. A battle, the Japanese shells exploded in his side, ears and can not hear the sound. Since then, through the efforts,[link widoczny dla zalogowanych], he developed an accurate reading "lip-reading skills". Later, people called him "Tao" deaf ", called Tao Qi" but was forgotten by the people.
"to my father refused to maintain, the appeasement team." Tao Heshou said, rely on to sell, and maintain a everyone's livelihood. While he was looking for the country door, the New Fourth Army come. "The New Fourth Army detachment leading to Jiangning, on)
", two eight" Songhu Anti-Japanese War,[link widoczny dla zalogowanych], Tao Qi deafness back home, in the Lake cooked Yan Danxiang (now the bird's nest,[link widoczny dla zalogowanych], Fanjia area) the government as secretary. In December 13, 1937, Japanese troops occupied the Jiangning traffic hub and the main town in the county,[link widoczny dla zalogowanych], the Japanese soldiers wantonly kill. After the fall of Jiangning, the Japanese army immediately from the East,[link widoczny dla zalogowanych], South, West three attacks on Nanjing City,[link widoczny dla zalogowanych], Nanjing. Tao Jiaqi saw the country seen their homes destroyed dangerous, too anxious to sleep, in the diary anger down the Japanese atrocities.
: Tao Jiaqi martyr Song Jiao
uptake; his father was arrested that day, just is his birthday, I almost died in the flames; now seventy his father, through the heavy revolution road, visit to his father's comrade-in-arms, neighbors, reducing the years of that paragraph of hardships. This year is the 70 anniversary of Anti-Japanese hero Tao Jiaqi martyrs, yesterday,[link widoczny dla zalogowanych], more than 50 relatives rushed to the Nanjing Yuhuatai cemetery of revolutionary martyrs to sweep. The younger son Tao Heshou will put their visit to obtain recordings,[link widoczny dla zalogowanych], video data were donated to the Yuhuatai, to further enrich the martyr Tao Jiaqi data.
Figure
: Tao Jiaqi family lay a wreath. Figure
bow, flowers, watching Tao Jiaqi martyr's portrait, and again read familiar life, martyrs relatives all eyes are shining tears flower. "Annual Qingming we had to." Tao Jiaqi's son Tao Heshou told Yangzi Evening News reporter, father had five children, to more than 50 people this year,[link widoczny dla zalogowanych], most of all time. "In addition to because of school, or because of special reasons such as body in abroad, the basic are here." He said,[link widoczny dla zalogowanych], especially little sister Tao Heying's daughter came back from Canada to catch, also take a daughter, son-in-law and only three years old, a year old grandson granddaughter.
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Due to the seaside, and most of the land is saline-alkali soil, and water conservancy facilities backward, sunny rainy day into dry land, flood, low agricultural efficiency, the villagers have to go out to work. Since 2000 by the sea in 1000 mu of land contract to the household reclaimed land became barren.

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The domestic economy could see a weak performance next month due to the extended Chuseok or Korean Thanksgiving holiday and negative external factors,[link widoczny dla zalogowanych]. Deputy Finance Minister Kim Seok-dong says fewer working days could weaken October's economic performance and make the business cycle more volatile,[link widoczny dla zalogowanych]. The three-day holiday this year falls between National Foundation Day on Oct,[link widoczny dla zalogowanych]. 3 and that weekend,[link widoczny dla zalogowanych].
Kim also says many uncertainties in the global economy make it difficult to assess the outlook for the Korean economy,[link widoczny dla zalogowanych]. High oil prices and a slowdown in the global economy have raised fears of a sharp drop in growth in the second half,[link widoczny dla zalogowanych].
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The Times says Rohde and Ludin scaled the wall of a compound in the North Waziristan region of Pakistan late Friday night and found a Pakistani army scout, who led them to freedom. Rohde was part of the Times Pulitzer Prize award winning team covering Afghanistan and Pakistan, and had gone to Afghanistan to research a book.