The potential sale of loans to vulture funds such as Cerberus, Lone Star and Goldman Sachs is ongoing, with both AIB and Permanent TSB announcing possible loan sales this year, and AIB in particular stating that it “can’t rule out” the sale of farm loans. Ulster Bank has already sold a loan book worth €125m of farmers’ loans to the US vulture fund Cerberus, a loan sale which represented 5% of Ulster Bank’s total loan book.