AIB had €4.5bn of renegotiated loans in 2009
AIB said it had €4.5bn worth of renegotiated loans and receivables at the end of 2009, compared to €154m at the end of 2008.
These are facilities which have had their terms renegotiated resulting in an “upgrade” from 91 days “past due” or impaired to performing status, according to filings from the lender.
If the loans had not been renegotiated, they would have been classed as “past due” or “impaired.”
AIB “does not normally restructure loans at concessionary interest rates or restructure on uncommercial terms,” the bank said.