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Kildare Today

with Clem Ryan

The State Has Sold Its Last Stake In Bank Of Ireland

File image: Rolling News

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:

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