Police in Ibiza were still on the hunt last night for an armed robber who shot and wounded a bank clerk before escaping with 150'000 pesetas in cash yesterday morning. The masked man walked into a branch of La Caixa bank in Cala de Bou in Ibiza at 8.50 am and threatened the two bank clerks with a sawn-off shotgun and demanded 150'000 pesetas in cash. The two bank staff handed over the money, but it appears that the armed robber suddenly grew nervous and shot 31-year-old Jose Antonio Torres in the stomach, before fleeing the scene on a motorbike. Last night the wounded bank clerk was recovering in hospital after being operated on earlier in the day and his female colleague was said to have been in a state of shock and being comforted by her family. Medical sources said that the victim will remain in hospital, under medical surveillance for at least 24 hours and confirmed that the 31-year-old is not in a life threatening condition. Within minutes of the shooting, the Guardia Civil launched an island-wide operation in a bid to catch the armed robber. According to the Guardia Civil they are looking for a man in his 50*s, but they have little more information about his identification.