AIB plan to sell off thousands of home mortgages
• Bank to avoid sale of loans to vulture funds at all costs • State-owned lender under pressure to tackle toxic debt backlog
State-owned AIB will within weeks unveil a radical plan to offload thousands of struggling mortgages secured on family homes, The Sunday Business Post has learned.
The bank, which is being lined up for partial sale this year by the government, is also coming under increased pressure from regulators to get its non-performing loans problem under control.
It is understood that AIB is in advanced talks with several market participants about solutions to its ...
