Updated 08.20
Bank of Ireland has started the process of repaying the State's bailout of the bank.
The financial instution will return the final €1.8 billion of the €4.8 billion the government invested in 2009 through the issuing of new shares and the raising of cash through investors.
Advertisement
Today's deal means the taxpayer has made a profit of €900 million.
The State will continue to have a 15% stake in the bank.
Newstalk's Ian Guider gave Breakfast the latest developments:
