The Irish Competition Authority clears acquisition of loans and assets of a commercial bank by another commercial bank (Allied Irish Banks / Ulster Bank)

CCPC clears AIB acquisition of Ulster Bank commercial loans* The Competition and Consumer Protection Commission (CCPC) has cleared the proposed acquisition of certain assets of Ulster Bank Ireland DAC (Ulster Bank) by Allied Irish Banks p.l.c. (AIB) (the Proposed Acquisition). These assets consist of a portfolio of performing commercial loans (i.e. loans to businesses) of Ulster Bank. In addition to the commercial loans, a number of Ulster Bank employees will also transfer to

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Irish Competition Authority, The Irish Competition Authority clears acquisition of loans and assets of a commercial bank by another commercial bank (Allied Irish Banks / Ulster Bank), 28 April 2022, e-Competitions April 2022, Art. N° 107135

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