AIB said it’s delivering in cutting mortgage rates and was confident its provisioning for bad loans and its accounts were up to scratch after a whistleblower approached regulators.

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AIB has reiterated to shareholders that it is actively considering cutting the rate of interest it charges mortgage customers.

AIB will pay a €280m dividend to the Government in May as it begins the process of repaying €21bn in State aid.

The new chief executive of AIB will have to be ratified by the Single Supervisory Mechanism (SSM) in Frankfurt.

AIB has appointed Richard Pym as chairman designate and a member of the board as a non-executive director to replace the outgoing chairman David Hodgkinson who retires next October.

The former boss of Alliance & Leicester has been lined up as the new chief executive of embattled lender Bradford & Bingley, it was reported today.

Building society-turned-bank Alliance & Leicester today reported a 12% rise in profits and said it was on track to hit its revenue and cost-cutting targets over the next year.

The Dutch elections will go ahead on May 15 as scheduled, despite the assassination of right-wing leader Pim Fortuyn, the government announced today.