AIB has committed to a new €5m equity fund to assist start-up companies in the sustainable technologies sector.

AIB's chief executive Bernard Byrne said the bank is committed to further developing support plans for green technologies, adding that there was a gap in the eco-system here.

He made his comments at the Sustainability Gathering in Dublin Castle last night.

The bank said that it will work alongside the International Sustainability Investment Centre to leverage the €5m equity provided by AIB.

Meanwhile, market research has shown that over 40% of Irish consumers planning home renovations in the next 18 months.

To meet this demand, Mr Byrne said that AIB is launching a free Building Energy Rating (BER) certificate and personalised advisory report for customers taking out new home improvement personal loans.