Bank of Ireland is to repay the State's 4.8 bilion euro bailout of the bank.
The financial instution is to return 1.8 billion euro through the issuing of new shares and the raising of cash through investors.
The bank has previously paid back 3.8 billion to the state.
Today's deal means the taxpayer has made a profit of 900 million euro.
The State will continue to have a 15 percent stake in the bank.
Business journalist Ian Guider says it's good news for the government:
