Election adds to headaches for AIB boss Colin Hunt

Irish Times | Jan 17, 2020 at 3:15 PM
  • A year into the job, AIB chief executive Colin Hunt will unveil his grand vision for the bank in early March.
  • The bank, which returned to paying dividends in 2017 for the first time since the onset of the financial crisis, faces having to cut its payout by almost 25 per cent to 13 cent per share for 2019, analysts at Barclays predicted this week, sending AIB’ stock lower.
  • The Minister for Finance Paschal Donohoe consistently ruled out amending the tax regulations, given how DTAs accounted for a significant proportion of banks’ capital reserves as they recovered from the financial crisis (limiting their bailout costs), and the fact that any changes would lower the value of the State’s holdings.