It may be 10 years before AIB pays back €21bn bailout, says CEO Bernard Byrne

Latest: AIB's chief executive Bernard Byrne said it could take five to 10 years before the bank fully pays back its €21bn bailout. He said the bank was mindful of its duty to the taxpayer

Update 1pm: AIB's chief executive Bernard Byrne said it could take five to 10 years before the bank fully pays back its €21bn bailout. He said the bank was mindful of its duty to the taxpayer

Update 11.20am: AIB’s Chairman Richard Pym has said today is a critical step towards a return to normality for the lender, and that the bank was fulfilling its duty to the taxpayer.