Ex-BoI director plans other investments

US investor Wilbur Ross has ruled out a future investment in AIB, although he is looking at other possible investments in Ireland.

“We would be interested in other Irish investments but given my familiarity with Bank of Ireland’s plans I think it would be inappropriate to become involved with a competitor,” Mr Ross told the Irish Examiner.

Mr Ross was a director of Bank of Ireland from 2011 until Monday night when he announced that he would sell his remaining 5.5% stake in the bank.