Stock Take

Finance minister must make his mind up about AIB

If McGrath releases the bank to become a truly private entity once more, he lets go of the chance to recover €3 billion outstanding to the taxpayer

It’s likely Minister McGrath will sanction another tranche of AIB share sales in the coming months

Michael McGrath has an important choice to make about AIB.

On the one hand, the Minister for Finance has been absolutely clear that he believes banking is a function of the private market and the state has no business continuing to own a large shareholding in the country’s largest bank.

As such, the government’s decision to extend its AIB share trading plan into 2024 makes sense if it wishes to sell more of its remaining ...