Donohoe warned huge tracker fine on AIB could hit plans to sell down shares in the bank

Fine for AIB over tracker mortgage scandal could represent a 'negative surprise' as the Government prepared to sell a significant stake in the bank, Finance Minister Paschal Donohoe was warned.

Finance Minister Paschal Donohoe was warned a hefty fine for AIB over its tracker mortgages could represent a “negative surprise” as the Government prepared to sell a significant stake in the bank.

Officials explained how two previous attempts to offload a large chunk of AIB had fallen at the final hurdle last November and again in March this year after the “war in Ukraine intervened”, according to Freedom of Information documents.