AIB detailed stress test figures may be ‘significant blow’ to capital-raising bid

AIB’s detailed stress test figures may be a “significant blow” to the lender’s efforts to raise capital, NCB Stockbrokers said.

The bank’s profit under European stress tests, which it passed last week, includes gains from buying back bonds and earnings from units which are for sale, analyst Ciaran Callaghan said yesterday.

The bank’s core units may be “close to break-even, if not in loss-making territory” under the scenario in European tests, he said.