Nib Set Aside Extra Pounds 198m for Bad Debt [Eire Region]

Daily Mail › May 06, 2009

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Summary

NATIONAL Irish Bank (NIB) has bumped up its provision for shaky debts again - this time by E198m - as borrowers find it harder to pay back loans.

It has set aside the cash in its latest quarter to allow for the deteriorating condition of its E10bn Irish loan book.

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Extract

Nib Set Aside Extra Pounds 198m for Bad Debt [Eire Region]

Its move in the quarter to March 31 is just the latest in a number by the bank to deal with its d...

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