The Irish government has recouped approximately €17.9bn from Bank of Ireland's bailout, following its nationalization at a cost of €21bn due to severe losses from bad loans. Minister for Finance Pascal Donohoe indicated a complete exit from AIB is feasible within the year, having reduced state ownership from 71% to 12.5%. Proceeds from share sales are earmarked for infrastructure and housing projects as the government continues to divest its shares through institutional placements and share trading plans.
The total recouped from the bailout of AIB has reached €17.9bn, indicating significant recovery efforts after a costly nationalization.
Finance Minister Pascal Donohoe highlighted that reductions in the State's shareholding in AIB are on track, with a potential full exit later this year.
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