AIB may cut bad loans by €3bn more

AIB will consider further bad loan sales as it looks to reduce up to €3bn of debt by the end of the year.

AIB will consider a further sale as part of efforts to reduce the amount of soured loans on its books.

New chief executive Colin Hunt did not dispute the €2bn to €3bn figure when put to him by Senator Gerry Horkan of the Oireachtas Finance Committee. Mr Hunt said no option would be ruled out that would get the bank’s bad debt levels down to “sustainable levels”.