Analyst: AIB heading to IPO soon

Shares in AIB — which is all but fully owned by the State — could be sold in the next six to 12 months, despite some of the worst banking market conditions since the financial crash.

Focus continues on the much-delayed plans to sell an initial 25% stake in AIB, despite uncertainty generated by the Brexit vote and amid skittishness of financial markets.

Bank shares across Europe have tumbled this year, as sluggish eurozone growth has sparked new fears about the health of European banks.