AIB gearing up for large-scale enforcement push
Allied Irish Banks is preparing to escalate its enforcement action against defaulting borrowers, with a particular focus on commercial borrowers and distressed businesses.
Ian Kehoe
Allied Irish Banks (AIB) is preparing to escalate its enforcement action against defaulting borrowers, with a particular focus on commercial borrowers and distressed businesses.
The bank is assembling a panel of insolvency experts to work as fixed-charge receivers over repossessed assets and businesses.
A request for tenders from receivers was circulated last Thursday. A key focus of the tender is commercial property borrowers who are in arrears. A spokeswoman for the bank declined to comment.
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