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    Lo stato vende le sue azioni finali in AIB poiché l’amministratore delegato ammette “profondo rammarico” per il salvataggio

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    1. KingKeane16 on

      “ the State is around €600 million above break-even on its €29.4 billion investment in AIB, Bank of Ireland and PTSB. “

      600 million profit over 20 years with a 29.4 billion investment doesn’t seem like a lot.

    2. Internal-Spinach-757 on

      I really wish the Irish media would apply the slightest bit of critical thinking instead of regurgitating government lines. The cost of the bailout was not €29 billion. It was borrowed money so it was €29 billion plus interest.

    3. Junior-Protection-26 on

      “AIB Group Chief Executive Officer Colin Hunt welcomed the announcement this morning, calling it a “significant day”. 

      “AIB profoundly regrets that the institution had to be rescued by the State almost two decades ago and owes an immense debt of gratitude to Irish taxpayers for the support provided during that challenging time,” Hunt said. 

      Since the bailout, he said the bank’s focus has been “on rebuilding trust, repaying the State and continuing to support our customers, communities and the wider economy”. 

      Donohoe said that based off current market prices, the State is around €600 million above break-even on its €29.4 billion investment in AIB, Bank of Ireland and PTSB.”

      A debt of gratitude indeed. Irish state still 7 billion in the hole.

      Colin will get a fat bonus no doubt.

      https://www.thejournal.ie/irish-taxpayers-bail-out-aib-money-6623494-Feb2025/

    5. Airblazer on

      Well at least they had the courtesy to apologise and thank the taxpayers for helping them come through it.
      When you contrast that with the shit that Martin came out with ie no bank bailouts etc and still to this day refuse to commit to prudent fiscal spending.

    6. ShinStew on

      That profound regret will have made them so miserable it could only be fixed by cheering them up with a nice fat bonus, now the state is gone.

    8. devhaugh on

      That’s OK, it’s only taxpayers money. Nothing important.

    9. bonjurkes on

      Once again, why is government saving private banks’ butt?

    10. TarMc on

      Offloading an asset which is steadily increasing in value, all so the c-suite can have their pay and bonuses uncapped.

      There was an argument for years now about not being able to attract the “best people” but it has been shown to be utter bollocks. AIB performed well despite the caps. Paying execs massive salaries does not lead to better performance. Shareholders need to wise-up to this.

      Overall it’s another example of privatising the profits and nationalising losses.

    11. Beneficial-Movie83 on

      Im sure the banks and Government are mortified, have learnt valuable lessons and principles, have changed the ethos and practices of the industry, and nothing like this will ever happen again.

    14. RogueTurtle2 on

      Don’t be mean lads. The institutions that destroyed the future of this country’s youth are sowwy. We’ve all made mistakes y’know

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