DUBLIN, March 2 Allied Irish Banks
(AIB) results and first proposed dividend since 2008 support the
view that 2017 is an appropriate time to consider an IPO of the
state-owned bank, finance minister Michael Noonan said on
Last year, Ireland delayed the timetable for selling a 25
percent stake in AIB, citing unfavourable market conditions, but
Noonan said last month that rising bank share prices suggested
the government might get the value needed.
"These results confirm the view that 2017 represents an
appropriate time to consider an Initial Public Offering of AIB,"
Noonan said in a statement.
(Reporting by Padraic Halpin; editing by Jason Neely)