Donohoe says sale of bank stakes may take several market cycles

Minister for Finance says that while the government did not envisage the state being a long-term investor in the banking sector, neither did it see itself divesting its full shareholding for some time

Aiden Corkery

Political Correspondent @aiden_corkery
2nd May, 2021
Donohoe says sale of bank stakes may take several market cycles
Paschal Donohoe: “Government can play an important role in many ways, but it should not be a major owner of banks,

Selling the state’s holdings in AIB, Bank of Ireland and Permanent TSB could take a number of market cycles, the Minister for Finance has warned.

Paschal Donohoe said that while the government did not envisage the state being a long-term investor in the banking sector, neither did it see itself divesting its full shareholding for some time.

“Given the extent of these investments, [selling the state’s shares] was never going to be achieved...

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