European banks that took state aid during the financial crisis could raise more than €50bn ($68bn) in asset disposals over the next four years to comply with European Commission demands, according to analysis prepared for Financial News.

Commerzbank, Dexia, ING, KBC, Lloyds Banking Group and Royal Bank of Scotland are among the banks instructed by the European Commission to sell business units as part of agreements made in return for the receipt of state funds.