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 - avatar

Ian Kehoe

10th August, 2013

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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