AIB sells UK SME loan book to Allica Bank

AIB announced Loan book acquisition with Allica Bank on November 23, 2021.

Primary

AIB

Counterparty

Allica Bank

Structure

Loan book acquisition

Date

November 23, 2021

Sub-sector

Lending

AIB exits UK SME market; Allica Bank scales lending portfolio to billions, targeting underserved UK SMEs.

Primary company

AIB

Counterparty

Allica Bank

Amount

—

Event date

November 23, 2021

Sub-sector

Lending

HQ

—

Structure

Loan book acquisition

Source published

November 24, 2021

Publisher

Crowdfund Insider

Source: crowdfundinsider.com