BOI quadruples allowances for losses on property loans

AKA, write-offs.

Underlined the key bits.

Brian Goggin and his like will always plead ignorance, blaming the global credit crunch and the like. The reality of things are that the Bank of Ireland (and its subsidary, Bristol and West) are deeply in the soup over property loans.

I would sooner throw my money at Permanent TSB than BOI. I would sooner take owner occupier mortgages over BTL ones.

tribune.ie/business/article/ … -property/