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Ireland returns AIB to full private ownership after crisis-era bank bailout
- Allied Irish Banks has returned to full private ownership 15 years after it was effectively nationalized during the Irish banking and property crisis.
- The Irish government sold its final 2% shareholding in AIB for over €300 million, completing the process of returning the banking sector to private ownership.
- AIB's chief executive Colin Hunt said the bank 'owes an immense debt of gratitude to Irish taxpayers' and 'profoundly regrets' having to be rescued by the state.
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Ireland sells final AIB shares 15 years after banking crisis
Ireland has sold its remaining shares in AIB Group , one of the two dominant lenders it effectively nationalised 15 years ago as part of the euro zone's biggest state rescue, the finance ministry said on Tuesday.
·United Kingdom
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Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
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