Minister for Finance Paschal Donohoe said decision is in 'taxpayers' best interest'
AIB
It remains in the public interest for the State to keep a grip on institutions that continue to show signs of rot
The Central Bank’s investigation began in 2015 and has not yet been completed
Figure more than double Central Bank’s previous highest fine
Bank has set aside €70m to cover fine flowing from mortgage investigation
Institutions set to be among main winners from fight against inflation
Loan book, with reported original value of more than €700 million, is about nine years in default on average
Some 250 workers are due to move to AIB over the coming months