AIB to return €213m to shareholders

The government plans to reduce its 71% stake in the bank over the coming months.

AIB plans to return €213m to shareholders, including a €91m directed buyback after reporting significant profit recovery last year.

The lender swung to a full-year pretax profit of €629m from a €930m loss in 2020 when it set aside almost €1.5bn to cover possible loan defaults owing to Covid-19 disruption.