Thursday, December 19, 2024

Taxpayers’ money is better spent on building houses than stuck in bank shares, says AIB chief Colin Hunt

Must read

CEO says the institution is primed to boost mortgage market as he notes national upsides of profitability and puts emphasis on green financing

Colin Hunt CEO of AIB. Photo: Steve Humphreys

Colin Hunt says he has no firm views on whether the State should keep a stake in AIB, the bank he’s led for the past six years, but he wonders whether taxpayers might have more pressing needs for the money.

Hunt trained as an economist — completing a PhD under ECB chief economist Philip Lane — and he was a special adviser to Fianna Fáil ministers including then tánaiste Brian Cowen before the crash that eventually swamped the bank where he now works.

Latest article