AIB targets ‘high rollers’ for next big loan sell-off

Bank making plans to dispose of the debts of its 35 largest distressed borrowers – and considering mortgage clearout

11th June, 2017
AIB shares began unconditional trading on the stock market today

AIB is targeting under-performing ‘high rollers’ for inclusion in an upcoming loan sale, The Sunday Business Post has learned.

The bank is actively examining plans to dispose of a book composed of its 35 biggest borrowers whose loans have fallen into arrears.

The borrowers face having all of their debt sold to a vulture fund if AIB proceeds with the plan, which is understood to be at a conceptual stage.

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