Oireachtas Joint and Select Committees

Wednesday, 19 January 2022

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

Covid-19 Payments and the Sale of AIB shares: Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

At the moment, we are a fair bit off both. We still own in excess of 70% of AIB. There are quite a few bridges to cross before we get anywhere near the State no longer being the largest shareholder in the bank. There will be many more decisions required after that before the bank is in private ownership. It is very difficult for me to put a timeframe on that. It depends on so many variables such as what would be the price of the equity of the bank in the future and what future Ministers and Governments may decide to do.

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