May 18, 2018 / 6:11 AM / 3 days ago

Lloyds sells Irish mortgage book to Barclays for 4 bln stg

LONDON, May 18 (Reuters) - Lloyds Banking Group said on Friday it had sold its Irish residential mortgage portfolio to Barclays for around 4 billion pounds in cash.

Lloyds said the deal would generate a pretax loss of around 110 million pounds, which would be recognised in its first-half results.

Following the deal, Lloyds said it would have only a minimal exposure to Ireland. (Reporting by Simon Jessop, editing by Silvia Aloisi)

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