28 June 2021

McCann FitzGerald Advises AIB on the Purchase of Ulster Bank’s €4.2bn Corporate Loan Book

We are advising Allied Irish Banks, p.l.c. (AIB) on the purchase of Ulster Bank’s €4.2 billion corporate and commercial loan book. 

The transaction remains subject to customary regulatory approvals following which AIB intends to migrate the loan book on a phased basis over a period of 12 to 18 months. The transaction is expected to be accretive to earnings in 2023.

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