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 cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:24 August 2022
- Publication date:24 August 2022
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Financial services (non-insurance) - L.64
- Request for information:Yes
- Outcome:Cleared
Documents
M.22.044 Merger AnnouncementPDF | 120 KBM.22.044 Merger Announcement PDF | 120 KB - Opens in new window
M.22.044 DeterminationPDF | 929 KBM.22.044 Determination PDF | 929 KB - Opens in new window
Timetable
Parties Involved
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.
Contacts
- Peter Honer peterhoner@ccpc.ie
