AIB acquires Ulster's tracker mortgages for €5.4bn

90% of the tracker mortgages relate to private dwelling homes with 10% related to buy to let properties

Ulster Bank already sold its commercial and corporate loan book to AIB.

AIB has acquired Ulster Bank's tracker mortgage portfolio worth €5.7bn.

The approximately 47,000 will be purchased by AIB for €5.4bn equivalent to 91.5% value which AIB said it will pay in cash from its existing resources.