Thursday August 6, 2020

State would lose €7.5bn if it sold its bank shares now

Dept of Finance analysis says taxpayer has received €19.2bn from AIB, Bank of Ireland and PTSB after investing €29.4bn in the three lenders at height of crash

26th July, 2020
An analysis conducted by the Department of Finance showed that the state has received €19.2 billion in coupons, dividends and fees

The state would lose more than €7.5 billion on its recession-era investment in Irish banks if it sold its remaining stakes in the lenders at their current value.

An analysis conducted by the Department of Finance showed that the state has received €19.2 billion in coupons, dividends and fees from AIB, Bank of Ireland (BOI) and Permanent TSB (PTSB), having invested €29.4 billion at the height of the financial crisis.

The value of its remaining...

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