Monday August 3, 2020

Fine Gael pledges to continue with sale of state’s banks

Declining value of bank shares means sale will not happen in the short term

Ian Guider

Markets Editor

@ianguider
26th January, 2020

Fine Gael said it will press ahead with the sale of the state’s stakes in the banks to maximise returns to taxpayers.

In its manifesto published on Friday, Fine Gael said that it did not believe “there is a long-term case for the state to remain as a shareholder in the Irish banking sector”. However, any disposal of its stakes in AIB, Bank of Ireland and Permanent TSB would be done “in a...

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