Irish taxpayers are down €1.25bn in just four days as plunging share prices push hopes of recovery on the State's crash-era stakes in AIB and Permanent TSB ...
Bank of Ireland’s share register has 13pc retail investors. AIB was not far behind after falling just over 14pc in the same period, losing almost €2bn in market capitalisation itself. The Government is not the only loser. Those losses have severely impacted the value of the State’s bank shareholdings, which had been riding high in the last year as the profitability of the lenders improved dramatically due to rising interest rates. Investors have wiped more than €4bn of the value of the three domestic banks in several bouts of sustained selling in a flight to safety. [Bank of Ireland](https://www.independent.ie/topics/bank-of-ireland-40346808/) has been hit the hardest, losing nearly 16pc, or more than €2bn, of its value in just a week.