The State's shareholding in Bank of Ireland will 'shortly' reach zero

Minister for Finance Paschal Donohoe said the proceeds generated from the share trading plan since its launch will be “well over” €800m.

The State pumped €4.7bn into Bank of Ireland in 2009 during the financial crash. Picture Denis Minihane.

Minister for Finance Paschal Donohoe said Bank of Ireland will soon return to private ownership as the State’s shareholding is expected to reach zero “shortly”.

The State has been gradually selling its shares in the bank since June last year.