Saturday February 22, 2020

Government left with €23bn return from bank bailout bill

The €65.5 billion that the government spent on bailing out the banks has left it with an investment now worth around €23 billion, according to new research.

29th December, 2013

The €65.5 billion that the government spent on bailing out the banks has left it with an investment now worth around €23 billion, according to new research.

The state has already recouped just under €11 billion from fees received from the banks for the guarantee and sale of some of its holding in Bank of Ireland. It is now set to try to sell €1.6 billion in convertible shares held in AIB early next year.

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