Wednesday April 1, 2020

Budget move on vulture funds could affect AIB’s loan book sale

Project Alder’s €1bn book of non-performing loans expected to be sold by end of this year

Ian Guider

Markets Editor

27th October, 2019

AIB’s ongoing loan book sale may be caught up in the government’s Budget Day changes to crack down on the tax structures used by vulture funds.

In the budget, the government announced that it would reduce the amount of debt that could be used to acquire assets to 50 per cent in a bid to ensure that funds paid tax.

Senior property market sources said bids for Project Alder, AIB’s non-performing loan...

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