M/21/040 AIB/Certain Assets of Ulster Bank

Transaction details

The proposed acquisition of certain assets of Ulster Bank Ireland DAC by Allied Irish Banks plc. has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Friday July 30, 2021 Thursday, April 28, 2022
Parties Involved Business activities
Allied Irish Banks plc

Allied Irish Banks plc. ("AIB") is a financial services group operating predominately in Ireland and the United Kingdom. AIB provides a range of services to personal, business and corporate customers.

Ulster Bank Ireland DAC

The certain assets of Ulster Bank Ireland DAC comprise of a portfolio of commercial loans to corporates/businesses (including small and medium-sized enterprises and larger corporates).

Economic sector Media merger
Finance and Insurance Services No
Submissions from third parties due by:
Phase 1 Phase 2
Monday, August 16, 2021 Friday, January 21, 2022
Current status: Completed
Cleared (Phase 2)
Authorised Officer Assigned Contact Details
Tommy Burke

email: tommyburke@ccpc.ie
direct line: +353 1402 5503

Dineo Mashego

email: dineomashego@ccpc.ie
direct line: +535 1470 3607
mobile: +353 86 774 2106

Peter Honer

email: peterhoner@ccpc.ie
direct line: +353 85 877 5412

Media enquiries: communications@ccpc.ie

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