AIB starts €91m share buyback after first-quarter income rise

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said on Thursday it is commencing a planned €91 million share buyback, including a directed repurchase of stock from the State, which continues to hold an almost 70 per cent stake in the lender as a result of the financial crisis.

“Today I am pleased to announce both a strong first quarter performance and the commencement of our share buyback programme,” said chief executive Last week saw AIB receive competition approval to proceed with its planned acquisition of €3.7 billion of “We are conscious that higher prices are affecting our customers and we will continue to support them and the wider economy through the challenges ahead, just as we did during the pandemic,” Mr Hunt said. “We remain confident in our outlook and with each passing quarter, we are delivering on our strategic priorities as we build an ever more resilient and sustainable business in the interests of all our stakeholders.

 

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