Banking

Analysis: state’s stake in AIB will likely fall below 25% by year-end

If the state continues to sell shares in the bank at the same rate as the last two years, the taxpayer will likely own less than 25% of AIB by this time next year

The government currently owns a 41% stake in AIB following its crisis-era bailout more than a decade ago

It came as no surprise on Tuesday morning when the government announced it will extend its AIB share trading plan for another seven months until the end of July 2024.

Since January 2022, the state has reduced its shareholding in the bank by more than 30 per cent, reducing from a majority 71 per cent holding in the lender following AIB’s €21 billion crisis-era bailout down to less than 41 per cent today.

Both money ...