Banking

Dilosk to acquire Ulster Bank’s €400m portfolio of mortgages

The financial services company promised continuity of services for customers

Fergal McGrath, chief executive of Dilosk, said the deal is “a significant milestone” for the firm. Picture: Fergal Phillips

Dilosk, the Irish financial services firm, has entered into an agreement to acquire Ulster Bank’s €400 million residential portfolio of mortgages.

The company promised a “seamless” integration of mortgage customers into its existing ICS Mortgages business, “ensuring continuity of service and terms for all transferring customers”.

The deal is subject to regulatory approval and is expected to be completed over the coming months, Dilosk said. Fergal McGrath, the firm’s chief executive, said he looked forward ...