Oireachtas Joint and Select Committees

Wednesday, 30 June 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Banking Matters: AIB

Dr. Colin Hunt:

That is a matter for the shareholders. It is a matter for the Government.

The Government is still a significant shareholder in the bank. It is the largest shareholder by far as the 71% owner of AIB Group. In the event the Government decides that it will reduce its shareholding in AIB, I suspect it will happen over time and in several tranches. I do not have any information greater than the information that is publicly available so I am merely speculating at this juncture.

I have to ensure we are delivering as good a proposition and as well-run and sustainable an institution as possible, one that is as focused as possible on the long term at all times in the interests of all our stakeholders. A strong and robust AIB is good for Ireland and the Irish economy and, ultimately, good for our shareholders.

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