Sale holds no guarantees for AIB

THE sale by AIB of its Polish unit Bank Zachodni WBK for €2.5 billion has not guaranteed it will avoid falling under state control.

ING Group analysts said in a note yesterday that AIB “is not out of the woods yet” given its need to raise a total of €7.4bn in fresh capital by the year end in order to remain independent.

The figure is the amount set out by the Financial Regulator and which has to be in place by end 2010.