Ireland's Banking Sector – Has It Turned The Corner?

In April 2017, the Department of Finance released an update on the Irish economy with a particular focus on its involvement in the domestic banks. While many of the indicators are positive, much work still needs to be done.

State involvement in the banking sector

During the aftermath of the global economic crisis, the Government took corrective fiscal and banking policy action to safeguard AIB, BOI and PTSB. The State's ultimate aim remains to restore the ownership of banks to the private sector. So far, the State has recovered €15bn of the €29bn invested in the above banks. The Government remains optimistic that it will be able to recover its full investment.

Exit strategy for the residual State shareholding