AIB set for €100m sell-off

AIB is set to make well over €100 million from a sell-off of branches in Munster and Leinster.

The bank made €100m when it sold off 12 Dublin bank branches earlier this year to developer and investor Gerry Gannon for what is believed to be a sub-3% yield.

Now, a further 25 branches, in major provincial cities and towns, are being offered on a sale and leaseback basis to investors.