Competition watchdog yet to finish probe into AIB plans to buy Ulster Bank trackers

There were three other deals that have yet to be finalised by the Competition and Consumer Protection Commission going into 2023

AIB’s plan to purchase Ulster Banks tracker mortgages is currently in Phase 2 of the process. Photo Leah Farrell/RollingNews.ie

AIB’s plans to buy tracker mortgages from Ulster Bank is one of the last major outstanding deals to be investigated by Ireland’s competition watchdog in a massive consolidation, a new report shows.

Loan purchases from exiting retail banks from the market in the Republic of Ireland is a main feature in the latest annual Mergers and Acquisitions Report by the Competition and Consumer Protection Commission, or CCPC.