State further reduces its Bank of Ireland stake to below 5%

The State is now the third-largest shareholder in Bank of Ireland Group

“Over the past nine months, the State shareholding in Bank of Ireland Group has reduced by two thirds,” said Group CEO of Bank of Ireland Francesca McDonagh.

The Government has further reduced its shareholding in Bank of Ireland, taking it from 5.94% to 4.93%.

The State began reducing its stake in the bank last June when it had a shareholding of 13.9%.