M/22/044 – AIB/Certain Mortgage (Tracker) Assets of Ulster Bank
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 cleared by the Competition and Consumer Protection Commission.
|Notification date||Decision date|
|Thursday August 25, 2022||Friday, January 13, 2023|
|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|
|Date of Requirement for Information||Date Information Received|
|Tuesday, October 4, 2022||Monday, December 5, 2022|
|Current status: Completed|
|Cleared (Phase 1)|
|Authorised Officer Assigned||Contact Details|
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