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Minister Noonan welcomes strong results from AIB and recommencement of dividend payment
The Minister for Finance, Michael Noonan T.D., today welcomed the Full Year Results for the year 2016 which were published by AIB this morning and the confirmation that AIB will recommence the payment of a dividend for the first time since 2008.
Commenting on the results, Minister for Finance Michael Noonan T.D. said:
“Today’s results from AIB confirm a very strong performance by the bank with sustainable profits, strong capital generation and very significant lending into the Irish economy.”
“The proposal of a dividend payment of €250m to ordinary shareholders is particularly significant given that it is now nine years since the bank last paid a dividend to its shareholders.”
“These results confirm the view that 2017 represents an appropriate time to consider an Initial Public Offering of AIB.”
Notes for Editors:
Payments received by the State from AIB:
Following receipt of the ordinary dividend the State will have received a total of €6.6bn from AIB through interest, dividends, capital repayments and fees