Latest news with #AIBGroupPlc
Bloomberg
23-06-2025
- Business
- Bloomberg
Donohoe Says He Plans to Keep Irish Bank Bonus Cap in Place
Ireland 's Finance Minister ruled out scrapping a bonus tax imposed on the domestic Irish banks. Last week Ireland fully exited its biggest domestic bank AIB Group Plc, with it, removing a crisis-era €500,000 ($573,130) salary cap. However, a punitive 89% tax on bonuses in excess of €20,000 imposed when the state bailed out the lender remains.
Bloomberg
01-05-2025
- Business
- Bloomberg
AIB Shareholders Approve €1.2 Billion Irish State Buyback Plan
AIB Group Plc shareholders voted to buy back €1.2 billion ($1.4 billion) worth of shares from the Irish state, putting the lender on the verge of full private ownership. Shareholders voted 97% in favor on the terms of the buyback deal at the bank's annual general meeting Thursday, despite a drop in share price since US President Donald Trump's tariff salvos in April caused bank stocks to tank globally.
Bloomberg
05-03-2025
- Business
- Bloomberg
AIB Expects Irish State Share to Reduce to Single Digits by May
AIB Group Plc expects the Irish state to reduce its shareholding to single digits by May after receiving regulatory approval for a €1.2 billion ($1.3 billion) buyback, the bank's chief financial officer said after its annual results statement. 'That proposal will need to be voted on by our shareholders on May 1 at our AGM. And if it were successful, which I expect it will be, and if we were able to transact with the government, that would reduce their shareholding by another 7%, leaving them at 5%,' Donal Galvin said in an interview with Bloomberg.
Bloomberg
27-01-2025
- Business
- Bloomberg
Ireland Looks to Pare AIB Group Stake Further With 5% Sale
The Irish government is offering a roughly 5% stake in AIB Group Plc, the latest step toward the privatization of the lender. The state is offering about 116 million shares in AIB, according to a Monday statement. The deal could raise around €665 million ($698 million) based on Monday's closing share price.
