You are here

UK banks cut distressed commercial property debt by £14b in H1

Saturday, December 13, 2014 - 05:50

London

LENDERS in the UK cut the value of their distressed commercial- property loans by almost £14 billion (S$28.8 billion) in the first half of the year as banks repaired their balance sheets, a survey by De Montfort University shows.

About £31 billion of unpaid bank loans, or 19