AIB completes share buyback programme

Allied Irish Banks has announced it has completed its share-buyback programme during which it spent €483.1 million.

Allied Irish Banks has announced it has completed its share-buyback programme during which it spent €483.1 million.

The bank purchased 35.9 million of its own shares at an average price of €13.44.

The scheme was started on April 7th following the sale of US subsidiary Allfirst to M&T Bank on the first of that month.

"The share buyback programme announced and undertaken in connection with the merger of M&T Bank Corporation and Allfirst Financial has now been completed," the bank said.