Ulster Bank offloads 5,000 home loans to Cerberus

Ulster Bank offloads 5,000 home loans to Cerberus
Ulster Bank sale does not include any performing loans

The bank has agreed to sell a €1.4 billion portfolio to the US investment fund

Ulster Bank has sold more than 5,000 home and buy-to-let loans to a vulture fund in the latest distressed portfolio sale.

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