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Feb 19 2021, 08:35 GMT
The proposed acquisition of Ulster Bank’s €4bn commercial and corporate loans is incrementally positive for AIB, deploying surplus capital and improving returns. In addition, the non-performing exposure (NPE) sale is also positive, reducing legacy NPEs at a time of increased scrutiny on asset quality and also helpful in a calendar provisioning context. Both are positive catalysts that should be welcomed.
Feb 19 2021, 08:35 GMT