Opponents say that unless there are two classes - one comprising the minister and the other the minority shareholders - that minority shareholders would be discouraged from even turning up at the meeting to sanction the deal.

However, PTSB shareholder Piotr Skoczylas, a director of Scotchstone Capital which has a one per cent share, along with two other minority shareholders, are opposing PTSB's process of approving the acquisition scheme.

Austrian lender MoCo will allow people to repay their mortgage up to the age of 80