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AIB confirms rent receivers for some properties

AIB has issued a statement confirming it currently works with rent receivers.

However it said it does so when customers in financial difficulty demonstrates a "lack of cooperation with the bank."

It also says that these strategies, implemented on a case by case basis, are designed to "ensure that the bank's economic interests are protected."

The bank says it currently works with rent receivers on a small number of specific cases where there are material borrowings, "typically where the bank's exposure is in excess of seven figures."

It adds that the appointment of a rent receiver typically results in an administrative change only for the tenant, which is advised to the affected tenants.