State to write down value of AIB as share price slumps
Department of Finance planned to reduce its 99% shareholding in the bank this year
The state is considering writing down the value of its shareholding in AIB, as a result of the slump in the price of bank stocks across Europe.
The state last valued its holding in AIB at €12.2 billion at the end of last year. However, the value of European banks has plummeted this year, with the reduction in European Central Bank interest rates, falling bond yields and widening regulatory costs all weighing on ...
