A loan book originally worth hundreds of millions of euro, which was part of Bank of Scotland Ireland, has been sold to a US investment group.
The loans involved are borrowings by consumers to buy cars and lending to companies to purchase vans, lorries, plant and machinery.
The loan book has been bought by VHP Ireland Limited, which is part of US-group Varde Partners, for an undisclosed sum.
Customers have been written to and informed of the change in ownership of the loan book.
The sale is part of an on-going process by Lloyds to wind down Bank of Scotland Ireland's loans.
