AIB on brink of paying ‘prudent dividend’ to State, says chairman

Richard Pym says legacy problems largely solved and State is free to sell its equity stake

AIB chairman Richard Pym: non-performing loans on AIB’s balance sheet are now “contained and well-provided for”. Photograph: Eric Luke/The Irish Times

AIB chairman Richard Pym: non-performing loans on AIB’s balance sheet are now “contained and well-provided for”. Photograph: Eric Luke/The Irish Times

AIB is close to being in a position to pay a “prudent dividend” to the State, its chairman Richard Pym told the Institute of International and European Affairs on Friday.

Mr Pym said many of AIB’s legacy problems have been largely sorted, to the point that the State, which owns 99.9 per cent of the bank, could sell its equity stake whenever it deemed fit while the board can consider paying a dividend for the first time since the crash.

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