Market volatility may hit AIB plan

AIB has refused to comment on its progress in meeting capital-raising requirements, despite mounting speculation regarding its Polish operations and concerns over the possibility of state ownership.

At €7.5 billion, the country’s biggest bank has the largest post-NAMA/capital ratio end-of-year fundraising target.

It has already stated that it plans to meet this requirement by selling its 70% stake in Polish bank Bank Zachodni, its 23% stake in US institution M&T Bank and its British operations, including First Trust Bank in the North. The bank has also pencilled in a rights issue for around September.