News of bumper profits came last week from Pepper Finance Ireland who service what are often referred to as vulture funds in managing distressed mortgages. Clearly there is gold in them there “troubled loans”.
Pepper Advantage Ireland saw its operating profit rise by 42 per cent last year, increasing to €12.4 million in 2024, resulting in a €17.1 million dividend to its immediate parent, according to its latest financial statements.
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