Irish Government Exits Bank of Ireland 13 Years After Crisis-Era Bailout
- Bank is first to return to full private ownership after rescue
- Government still owns majority stakes in AIB and Permanent TSB
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The Irish government exited its stake in Bank of Ireland Group Plc., ending 13 years of government involvement and making it the first lender bailed out during the financial crisis to return to full private ownership.
The government, which committed 4.7 billion euros committed to the bank between 2009 and 2011, reaped almost 6.7 billion euros in cash from the investment, the Department of Finance said in an emailed statement on Friday.