AIB plans to buy back €1 billion of its shares from the State after reporting higher-than-expected profits. The buyback would reduce the Government 's holding to about 31.2%. AIB has already paid back €13.
7 billion of its rescue bill. Net profit for the bank jumped 170% to €2.058 billion.
AIB Share Buyback Profits Government Net Profit
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: