News Formal

AIB ready to move quickly if given go-ahead for buyback of part of government’s stake in bank | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

AIB ready to move quickly if given go-ahead for buyback of part of government’s stake in bank, peterodwyer1 reports.

Colin Hunt, AIB chief executive: ‘We have all the necessary approvals in place to allow that to happen as expeditiously as possible but the timing is entirely at the discretion of the Minister of Finance.’ Picture: Fergal Phillips

AIB is ready to move ahead with the repurchase of part of the state’s 71 per cent stake in the bank as “expeditiously as possible” if given the go-ahead by government, its chief executive has said. AIB this morning announced that it intended to hand €213 million back to its shareholders through share buybacks and dividend payments.Subscribe from just €1 for the first month!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks mark cautious gains on commodities boostRyanair rises in Dublin as O’Leary reassures investors while AIB down ahead of results
Source: IrishTimesBiz - 🏆 6. / 77 Read more »