State exits Bank of Ireland returning €6.7bn to taxpayers

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

Bank of Ireland is the first Irish lender to return to private ownership in full since the Government pumped €64bn into the financial system in 2009. Picture: Denis Minihane.

The State has sold its remaining shares in Bank of Ireland, completing the bank's return to private ownership. 

The Government stated that it had recovered almost €6.7bn in cash from the sale of its shares, this comes after €4.7bn of taxpayer funds were used to support the bank during the financial crisis.