AIB may have to raise more than €7bn

AS the final cost of the Anglo Irish Bank bailout is set to be revealed later today AIB has been warned it may have to raise more than the original figure of €7.4 billion in fresh funding to strengthen its capital base.

The Financial Regulator is investigating whether the bank will need to find extra capital beyond the sum identified last March due to potentially higher losses on loans transferring to NAMA, the bad bank.

Bloomberg reported yesterday the bank could need further capital injections due to higher discounts on loans it’s sending across to NAMA.