Bank of Ireland and Goldman Sachs are to buy a portfolio of commercial loans valued at €540m from Danske Bank.
Bank of Ireland said it would will acquire a €274m portfolio of performing commercial loans, with Goldman Sachs acquiring the balance.
Pepper Asset Servicing is to work with Goldman Sachs as part of the deal, which is due to conclude shortly.
Bank of Ireland said its portfolio consisted of more than 1,000 SME, agriculture and commercial real estate customers.
It said the purchase would help develop its strong position in serving the business and agri sectors in Ireland.
