In the coming days Permanent TSB will announce plans to raise up to 550 million euro from private investors after it failed the European stress tests last October.

According to The Sunday Business Post, the bank will use the cash to plug a capital shortfall as The Government is not expected to take part in the fundraising.

PTSB was bailed out with 2.7 billion euro of taxpayers' money.

Ian Guider is Markets Editor with the Sunday Business Post.

He says the lack of Government intervention will see our stake fall;