AIB granted €24m judgment after loan defaults in Cork and Kerry

AIB has been granted summary judgment for sums totalling around €24m against 12 businesspeople from Cork and Kerry over default on loans they had guaranteed.

The 12, along with three others who have already come to an arrangement with the bank for a total of €2.5m, gave personal guarantees of between €170,000 and €3.8m on loans totalling €27m given to a company in 2008.

AIB said all 15 were liable on a several basis with limited individual liability.