Advertisement

News

Noonan to begin €3bn AIB sale (if he's reappointed)

The Finance Minister says a sale of AIB shares - worth up to €3 billion - will begin immediately if...
TodayFM
TodayFM

12:52 PM - 17 Dec 2015



Noonan to begin €3bn AIB sale...

News

Noonan to begin €3bn AIB sale (if he's reappointed)

TodayFM
TodayFM

12:52 PM - 17 Dec 2015



The Finance Minister says a sale of AIB shares - worth up to €3 billion - will begin immediately if he's returned to office.

Michael Noonan's comments come as the bank has today repaid €€1.64 billion in bailout funds to the State.

It's the first tranche of around €21 billion invested in the bank during the financial crisis - all of which is to be recovered by the taxpayer.

Bank of Ireland has already repaid the taxpayer in full for its investment (although the government still owns about 16% of BOI shares), while Irish Life was sold off for the same €1.3 billion price that was invested in it.

That leaves only Permanent TSB - which took €2.7 billion of public money - and the defunct IBRC as the only banks yet to repay the state.

Our political correspondent Gavan Reilly reports:



Read more about

News

You might like