AIB chief says bank does not need capital from Government or private equity houses
When questioned before the Joint Committee on Finance and the Public Service at Leinster House, AIB managing director, Donal Forde said: “Not all banks are the same. We don’t feel we need capital and any extra capital won’t do anything for our business. We have no constraints on our business lending levels. It may not be the same for all Irish banks, but it’s for others to speak for themselves.”
This week started with the Government announcing a plan to link up with private investors to recapitalise the Irish banking sector by 10bn. AIB has long since said it would be capable of raising capital through the sale of assets, while Bank of Ireland has seemed split between raising capital via private equity investment and a Government aid scheme.
