AIB said today that its share buyback programme has been successfully completed.

Since the start of the programme, AIB has repurchased 40,952,764 ordinary shares for cancellation for a total consideration of €91m.

AIB said the highest price paid per ordinary share was €2.4780 and the lowest price paid per ordinary share was €2.4340.

Announcing the share buyback programme earlier this month, AIB CEO Colin Hunt said it was a "positive development" that will enhance shareholder value for all investors.

"Additionally it will facilitate the repayment of funds invested into AIB on behalf of the Irish State, for which we are grateful," he said.

Finance Minister Paschal Donohoe took part in AIB's share buyback programme on a proportionate basis in order to avoid the State's percentage shareholding in AIB increasing from its current level of just under 70%.

Shares in AIB were lower in Dublin trade today.