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No suitable external candidate has been found to take over as chief executive at Allied Irish Banks, Finance Minister Brian Lenihan said on Friday.
"No appointment of a chief executive can be made in those circumstances but some effective internal management team has to be put in place" said Lenihan, who has a say over appointments at the banks after a 3.5 billion euro bailout of the lender.
Rival Bank of Ireland, which got a similar bailout,was widely criticised earlier this year for choosing a new CEO from amongst its own ranks instead of bringing in a fresh face.
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