State receives €390m from final transaction with AIB 

AIB returned to full private ownership in June after once being 71% controlled by the State

During the bank bailouts following the financial crisis, the State invested about €21bn in AIB to rescue it. REUTERS/Clodagh Kilcoyne/File Photo

Almost €400m has been returned to the State by AIB following the cancellation of more than 271m warrants held by finance minister Paschal Donohoe.

The warrants gave the minister the right to subscribe for ordinary shares in AIB at a specified price, and were originally granted in July 2017.