Bank of Ireland has today agreed terms to buy a portfolio of residential mortgages from the Special Liquidators to the IBRC (Irish Bank Resolution Corporation Ltd) for €253 million.
The fully performing mortgages are from the former Irish Nationwide Building Society.
The bank said the acquisition is "consistent with the Bank’s plan to grow its lending volumes."
Commenting on the acquisition Gavin Kelly, Director of Bank of Ireland Consumer said:
"We are pleased to announce this transaction which is a positive development for our business and look forward to welcoming a new group of customers to Bank of Ireland."
