Tuesday September 22, 2020

Government’s stake in AIB set to be sold

State owns 99.8 per cent of the bank

3rd January, 2016
AIB has paid back €1.64 billion to the state

AIB, which received almost €21 billion from the state in the wake of the financial crisis, returned €1.64 billion to the government last month. This year, the government plans to recoup more of its cash injection, by starting to sell off its 99.8 per cent stake in the bank.

“The return of significant capital to the state has commenced, and AIB now has a strong market-facing capital structure that will enable the state to maximise value...

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