AIB ready to move quickly if given go-ahead for buyback of part of government’s stake in bank
Chief executive Colin Hunt said deal is ultimately a decision for the Minister for Finance
AIB is ready to move ahead with the repurchase of part of the state’s 71 per cent stake in the bank as “expeditiously as possible” if given the go-ahead by government, its chief executive has said.
AIB this morning announced that it intended to hand €213 million back to its shareholders through share buybacks and dividend payments.
Included in that plan is a €91 million share buyback programme for which it has received regulatory approval.