Suncorp slips clear of its capital straitjacket

Suncorp's non-core and potentially non-performing loan portfolio has lumped it with a $500 million capital handbrake for years. Its sale to Goldman Sachs sets the banker-insurer free.

Suncorp today completed the $940 million sale of the bulk of its non-core asset portfolio to Goldman Sachs, a key moment in its post-financial crisis history and one that has essentially de-risked the insurance and banking group.

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