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Farmed out loans rally.

Byline: MICHELLE DEVANE

FARMERS stormed an Allied Irish Banks meeting in protest at the sale of loans to vulture funds yesterday.

Members of the Irish Farmers' Association made their way into the bank's AGM in Dublin as part of a nationwide campaign opposing the planned sale of farm loans by the State-owned bank.

AIB has agreed a deal to sell [euro]1billion worth of bad loans to US-based fund Cerberus.

The IFA's Martin Stapleton said AIB needed to recognise farmers were trying to repay their debts.

He added: "What AIB are proposing to do is inappropriate.

"Selling [loans of] people who are genuinely trying to repay their debt is not the way to go."

CAPTION(S):

ISSUE Protesters yesterday

DEMANDING ACTION Group outside AIB conference in Dublin

LOSE TRAC Protest yesterday

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Publication:The Mirror (London, England)
Date:Apr 25, 2019
Words:131
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