Niall Collins (Limerick County, Fianna Fail) | Oireachtas source

What is AIB's position on the sale of loans to SMEs to vulture funds? It is an issue that obviously causes the borrower a lot of grief. Many of the complaints are to the effect that the first the borrower hears of it is when the vulture fund or credit servicing agency that is engaged contacts the borrower. Can the witnesses tell the committee the number of loans to SMEs that have been sold to vulture funds to date? What is their present policy? Are they still engaged in selling some of their loan books which are SME-related to vulture funds? Do they engage with the borrower in advance of the sale? What is their position in this regard?