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.

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

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.

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