AIB has sold its interests in Singapore’s Keppel Capital Holdings to Oversea-Chinese Banking Corporation (OCBC Bank).
The transaction will see AIB make a profit of euro 93 million on the sale, an AIB statement said today.
AIB Group chief executive Mr Michael Buckley said in the statement: "Our involvement with KCH has been very profitable for AIB.
"In reaching our decision to accept the offer, we were mindful of the trend towards consolidation in the Singapore market and believe acceptance to be in the best interests of AIB's shareholders."