The State Has Sold Its Last Stake In Bank Of Ireland

Friday, 23 September 2022 16:42

By Caoimhe Harney

The Finance Minister says the Government is making progress on selling it's interests in AIB and Permanent TSB.

The state has sold off its last stake in Bank of Ireland, it follows the bank bailout after the financial crash over a decade ago.

These final set of shares were sold for around 841 million euro - at an average price of over six euro each.

The Department of Finance says the State has got back 6.7 billion euro in cash from it's bailout of the bank worth 4.7 billion euro.

While the Finance Minister Paschal Donohoe says the Government is making progress on selling it's interests in AIB and Permanent TSB.

The stake in PTSB is expected to go from 75% to just under two-thirds later this year.

However, Sinn Fein's Pearse Doherty says it's important the state keeps a stake in AIB:

More from National News

Gardaí Arrest Man, Recover Vehicle After Cyclist Killed In Meath Last Week

The arrested man is being held at a Garda station in the eastern region.
Military Culture Under Scrutiny After Curragh Suicide Inquest

Dr Loretta Nolan also noted a particular concern within the Defence Forces, suggesting that soldiers may hesitate to report health problems out of fear it could jeopardise a contract renewal or prevent them from being selected for overseas deployment.
Search In Donabate Uncovers Child’s Remains Amid Ongoing Investigation

Detectives suspect the remains belong to missing child Daniel Aruebose, who would be seven years old.
European Commission Pushes First Major Measures Against Israel Since Gaza War

Sanctions against extremist settlers are also due to be announced, as tensions in the West Bank escalate.
Locals Could Pay Extra As Oireachtas Pushes For Content Levy On TV Streaming Services

Audio

That's despite the Media Minister shelving the plans earlier this year, saying people already pay enough for content.
Higher Education Minister To Write To DCU After 7 Per Cent Accommodation Hike In Rent Pressure Zone

Audio

It comes ahead of an Oireachtas Committee on Higher Education today where students will discuss the rising cost of living.
Distracted Driver Holding Cigarette And Phone Fined €160 On N7

Already carrying nine points on his licence, he now faces a six-month driving disqualification under penalty point rules.
An Garda Síochána Launches Fresh Recruitment Drive

Garda Commissioner Justin Kelly has encouraged anyone between the ages of 18 and 49 to consider applying.