AIB will offload €1bn worth of compromised loans to firm known to be affiliated with a so-called ‘vulture fund’ – TheLiberal.ie – Our News, Your Views

AIB will offload €1bn worth of compromised loans to firm known to be affiliated with a so-called ‘vulture fund’




AIB is said to have struck up a deal with Everyday Finance, an entity known to be affiliated with vulture fund Cerberus, to sell off €1bn worth of customers’ loans.

Buy-to-let properties, and a number of loans related to agricultural assets, are understood to make up the bulk of the sale.

This is the latest example of a well known Irish financial entity putting its customer in greed’s way, with the Government standing idly by.

What do you think of the Government-abetted practice of selling off customers’ loans to vulture funds? Let us know in the comments below.

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