Taxpayer financial recovery from bank bailouts remains incomplete as the government sells its final stake in AIB, grossly exceeding original cost estimates. The total bailout cost reached €64bn, with AIB alone costing €22.2bn, against the widely cited €20.8bn. Although the Department of Finance indicated a €0.6bn gain from their €29.4bn investments in the three surviving banks, this does not account for losses from Anglo Irish Bank and Irish Nationwide's failures. The final shares of AIB were swiftly sold to institutional investors, marking another step in the government's exit from banking bailouts.
The Department of Finance disclosed that taxpayers are approximately €0.6bn above break-even on their investment in AIB, Bank of Ireland, and PTSB.
The total upfront cost of the bank bailouts reached €64bn, with AIB's bailout contributing €22.2bn, surpassing the often-quoted €20.8bn.
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