AIB sets aim to reduce 71% stake owned by State as Ukraine crisis hits markets 

Bank posted net profit of €645m for 2021

AIB chief financial Officer Donal Galvin and CEO  Colin Hunt.

AIB chief executive Colin Hunt has set out the ambition to cut rapidly the 71% stake owned by the State but the lender may not get its way for some time because of turmoil in stock markets amid the Ukraine war. 

It comes as the bank posted a net profit of €645m for 2021, which included a writeback of impairments but also a hefty amount in restructuring costs.