M/22/044 – AIB/Certain Mortgage (Tracker) Assets of Ulster Bank

Transaction details

The proposed acquisition by Allied Irish Banks, plc of a portfolio of performing residential mortgage assets, which are predominantly tracker mortgages of Ulster Bank Ireland DAC, has been notified to the Competition and Consumer Protection Commission.

Notification date Decision date
Thursday August 25, 2022
Parties Involved Business activities
Allied Irish Banks, plc

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

Ulster Bank Ireland DAC

The certain mortgage assets of Ulster Bank Ireland DAC comprise of a portfolio of performing residential mortgage assets, which are predominantly tracker mortgages.

Economic sector Media merger
Financial and Insurance Services No
Submissions from third parties due by:
Phase 1 Phase 2
Wednesday, September 7, 2022
Current status: Active
Preliminary investigation (Phase 1)
Authorised Officer Assigned Contact Details
Beverley Williamson

email: beverleywilliamson@ccpc.ie

Peter Honer

email: peterhoner@ccpc.ie

Media enquiries: communications@ccpc.ie

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