The state's stake in Bank of Ireland has fallen to below 3% after disposing of some of its remaining shares in the lender.
In a statement to Euronext Dublin, formerly the Irish Stock Exchange, Bank of Ireland said the percentages of voting rights in the group owned by the Minister for Finance through the Ireland Strategic Investment Fund (ISIF) had decreased from 3.996% to 2.956%.
There are more than 1bn voting shares in Bank of Ireland, which the state bailed out with €4.7bn of public money in early 2009, following the start of the financial crisis.
The state started selling down its stake in the bank last June when it held a shareholding of 13.9%, and Bank of Ireland has returned more than €6bn to the state since its bailout, making it the only bank to have repaid the taxpayer.
Paschal Donohoe in April further extended the deadline for the state to dispose of its shares in Bank of Ireland to 18 October, although it is on track to complete the sale before then.
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Bank of Ireland commenced a €50m share buyback programme in April after reporting an annual profit in excess of €1bn in February.
The bank also received approval from the Competition and Consumer Protection Commission (CCPC) for its proposed €5bn acquisition of KBC Bank Ireland's performing loans and assets, with some conditions, with the bank set to make €1bn in funding available to non-bank lenders Dilosk and Finance Ireland.
Bank of Ireland has also seen CEO Francesca McDonagh quit in recent weeks.
On Tuesday the bank said new account openings for the first five months of 2022 were up 120% year-on-year as KBC and Ulster Bank customers seek new banking service providers.
