As part of the transaction Bank of Ireland will acquire a portfolio of approximately €200m performing commercial loans, comprising over 650 customers in the SME and CRE sectors.
Ennis Property Finance Limited and Feniton Property Finance Limited will acquire the balance of the portfolio.
Mark Cunningham, director of Bank of Ireland Business Banking, said: “This deal has demonstrated our ongoing focus on growing and developing our position in serving the business banking sector in Ireland.
“We look forward to welcoming these new customers to Bank of Ireland and working with them as they seek to develop and grow their own businesses and enterprises.”
