Bank of Ireland and AIB have withdrawn plans to pay a final dividend to shareholders in respect of last year. The State has a 71pc stake in AIB, which had proposed paying a €217m dividend this year. Meanwhile, Bank of Ireland said it expects the coronavirus to have a “material impact” on the group's performance this year. Elsewhere, AIB said it will conduct its AGM on 29 April via a live conference call from the bank's headquarters in Dublin 2. Colin Hunt, AIB chief executive, said the bank is “strongly capitalised and well positioned to support the Irish economy and our customers at this critical time.”KBC Bank also today announced it is withdrawing its final dividend over 2019 profit and cancelling its proposed share buy-back.

Source: Irish Independent March 30, 2020 06:22 UTC