Saturday October 24, 2020

State’s ISIF fund to pump €250m AIB windfall into economy

Strategic investment fund reaps AIB dividend

Ian Guider

Markets Editor

11th June, 2017

A €250 million dividend payment from AIB to taxpayers will be used by the state’s strategic investment fund to pump into the economy.

The bank made the dividend payment recently from its €1.7 billion profits, but the money was not paid to the Exchequer. It was paid over to the Irish Strategic Investment Fund (ISIF), which officially holds the taxpayer stakes in AIB and Bank of Ireland.

The ISIF has two funds: its...

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