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Financials

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)

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