AIB to buy back €1.2bn of stock from State as profits rise

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AIB to buy back €1.2bn of stock from State as profits rise
Colin-Hunt
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Taxpayers have so far recovered €18.5 billion from the bailed-out bank

AIB chief executive Colin Hunt and chairman Jim Pettigrew. The bank plans to buy back further €1.2 billion of Government-owned shares. Photograph: Shane O'Neill, Coalesce.

I’m in my 70s and have €500,000 in savings. If I need to go into a nursing home, what happens if I run out of money?“To date, the Group has returned €18.5 billion to the State, with €4.4 billion returned since January 2024. Additionally, discussions are underway with the Department of Finance for a further €1.2 billion directed share buyback.”

“The outlook for net interest income remains resilient in a lower rate environment due to growth in our loan book, our stable and granular deposit base and proactive management of our structural hedge programme,” AIB said.

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Colin-Hunt

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