Bank of Ireland says it is halfway to meeting a target of selling off €10 billion of "non-core" loans by the end of this year.
In an update to the stock exchange, the bank said it had recently completed the sale of a portfolio of its loans of about $1.1 billion secured on commercial property assets in the US to Wells Fargo Bank.
BoI has also agreed to sell around £1.3 billion of UK commercial property loans to Kennedy Wilson and institutional investors for just over £1 billion.
It has also sold £1.2 billion of UK residential property loans to The Mortgage Works (UK), a subsidiary of Nationwide Building Society for £1.13 billion.
It has also sold a portfolio of project finance of just under €700m to GE Energy Financial Services, while the bank has also reduced the non-core element of its UK corporate banking portfolio by around €700m.
The proceeds of the sales will reduce the bank's dependence on funding from the Irish and European central banks.
