Consumer watchdog to launch full investigation into AIB-Ulster Bank loan deal

AIB agreed to acquire €4.2 billion worth of performing business loans from Ulster Bank in June

31st December, 2021
Consumer watchdog to launch full investigation into AIB-Ulster Bank loan deal
The Competition and Consumer Protection Commission (CPCC) is to carry out a full Phase 2 investigation to establish if the proposed deal could lead to a lessening of competition in the State. Picture: RollingNews.ie

The Irish consumer watchdog is to fully investigate a proposed deal by AIB to buy a portfolio of performing commercial loans from Ulster Bank.

The Competition and Consumer Protection Commission (CPCC) is to carry out a full Phase 2 investigation to establish if the proposed deal could lead to a lessening of competition in the State.

In a statement, the CPCC said: “Following an extended preliminary investigation, the CCPC has determined that a full investigation is...

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