IRELAND - Almost €4bn ($6.8bn)of National Pension Reserve Fund (NPRF) assets invested in Bank of Ireland and Allied Irish Bank last year has been written off, a government report confirms.
The annual report of the Comptroller and Auditor General shows that up to the end of 2010, the NPRF invested €11.35bn in Ireland's two biggest banks. However, as a result of an impairment loss of €...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date