In order to enter into agreements with the European Commission for its restoration plans, Bank of Ireland has summarized its plans of selling off its pension and life insurance divisions, asset management wing and other smaller enterprises. 
Bank of Ireland is the only one among all the top level banks of the country, which is not expected to do away with the ownership of the Government, under the present bail-out plans.
The Bank yesterday announced that it has planned to set out New Ireland Assurance, the ICS Building Society and Bank of Ireland Asset Management.
It also said that its final agreement with the Commission is not likely to get through before mid-2010. However, it clarified that the planned disposals would be adequate in winning the approval from the European Commission.
These disposals are expected to be completed in 2014 and are likely to keep the capital levels unaffected.
However, the analysts are of the opinion that this has given way to a planned rights issue for the recapitalization of the bank, as per the Irish regulator's new capital necessities.