Sunday September 27, 2020

AIB gearing up to sell toxic investment property loans

State-owned bank under increasing pressure to get problem loans under control

30th October, 2016

AIB is moving to shore up its security over hundreds of millions of euro worth of toxic loans secured on investment properties around the country before selling them early next year, The Sunday Business Post has learned.

The state-owned bank has appointed solicitors A&L Goodbody to lead the process, with Grant Thornton providing support. The Dublin law firm has initiated contact with borrowers, asking for collateral and security documents.

The bank is coming...

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