| 15.6°C Dublin

Close

Premium

Government enjoying bank windfalls but losses are still lurking beneath the surface

The State has been able to collect close to €1bn in returns from selling down positions in AIB and Bank of Ireland in just the last year

Close

Finance Minister Paschal Donohoe. Photo: Mark Condren

Finance Minister Paschal Donohoe. Photo: Mark Condren

Finance Minister Paschal Donohoe. Photo: Mark Condren

Finance Minister Paschal Donohoe seems to have found a handy formula for recovering the money the State put into Ireland’s ailing banking system more than a decade ago.

Aided by a rising market for Irish bank shares, an improving rate environment and a strong post-Covid economic backdrop, the minister has been able to collect close to €1bn in cash from selling down the State’s positions in AIB and Bank of Ireland in just the last year.


Most Watched





Privacy