June 28, 2019 / 6:44 AM / in 18 days

Bank of Ireland sells UK credit cards for $672 mln

LONDON, June 28 (Reuters) - The Bank of Ireland has sold its British credit card portfolio to digital finance company Jaja Finance for around 530 million pounds ($671.62 million), the company said on Friday.

The portfolio comprises existing Bank of Ireland UK, the AA and Post Office-branded credit cards.

Bank of Ireland said the group had entered into a separate long-term agreement under which Jaja will become the issuer for the AA and Bank of Ireland UK’s consumer credit cards. ($1 = 0.7891 pounds) (Reporting by Iain Withers; Editing by Jan Harvey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below