Fears for homeowners as AIB begins bad loan clearout

• Europe threat to groundbreaking plan to save mortgage holders from vultures • Potential investors told to expect hike in home repossessions after €12bn IPO

4th June, 2017
Fears for homeowners as AIB begins bad loan clearout
Pic: Fergal Phillips

The impact on borrowers of the state’s plan to sell a quarter of AIB is becoming apparent, with the bank set to ramp up loan sales and repossessions after it exits full state ownership. In addition, a plan to save thousands of its mortgage holders from vulture funds hangs in the balance following an intervention by Europe.

Potential investors in the bank, who asked not to be named, said that they have been...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Elaine Byrne: Culture of discrimination won’t change until men tire of it too

Anton Savage: Feeling superior in the Land of the Free

Vincent Boland: Chronically underperforming Unilever long past its salad days

Ian Guider: Tax amnesty for pubs and restaurants may be only saving grace