AIB insists it has no plans to sell on any mortgages held by private homeowners.
The bank this morning announced pre-tax profits of €1.6bn for 2017 – a significant rise on the previous year.
The bank is in the process of selling on a €3.7bn bundle of commercial and buy-to-let mortgages – with some major global funds believed to be interested.
The bank’s CEO Bernard Byrne says it has to normalise the level of distressed loans on its books – but there are no plans to sell any private dwelling home loans.
“What we can say is that our target for normalisation does not require us to sell a PDH (private dwelling home) portfolio. We have no plan to sell a PDH portfolio”, says Byrne.
“That’s all I can tell you in terms of our plan and process for the next couple of years. We don’t have any plan to sell a PDH portfolio. We’ve none in the market, and we’re not looking at it.”
