Announced
Financials
Sources
Tags
Single Bidder
Majority
credit
Cross Border
Mortgage Finance
Friendly
Private
Ireland
financial services
Acquisition
banking
Synopsis
Allied Irish Bank, a commercial bank in Ireland, agreed to acquire the mortgage porfolio of Ulster Bank, a comercial banking company, for $4.6bn. “We are delighted to have reached agreement with NatWest and Ulster Bank on another loan book acquisition and look forward to welcoming these customers to AIB. This acquisition further adds to our growing balance sheet and progress towards our strategic targets,” Colin Hunt, AIB CEO.
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