DUBLIN - Allied Irish Banks said on Monday it had sold a non-performing loan portfolio for around 800 million euros ($898.80 million).

The loans, which had a gross non-performing exposure value of 1 billion euros, were sold to Everyday Finance DAC as part of a consortium arrangement with Everyday and affiliates of Cerberus Capital Management, AIB said.

AIB said it was on track to reduce its stock of so-called non-performing exposures to 5 percent by the end of the year.

(Reporting by Conor Humphries, editing by Louise Heavens) ((conor.humphries@thomsonreuters.com; +35315001518; Reuters Messaging: conor.humphries.thomsonreuters.com@reuters.net))