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The chairman of Allied Irish Banks, Richard Pym, at the bank’s annual meeting in April. The Irish government plans to sell a 25 percent stake in the bank.

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Clodagh Kilcoyne/Reuters

LONDON — The Irish government on Monday announced a price range for Allied Irish Banks that could value the bank as high as $14.9 billion when it goes public this month — seven years after it was nationalized.

The initial public offering is an important milestone in the recovery of the Irish banking system, which nearly bankrupted the country after the financial crisis of 2008.

“The time is right to move to the next stage in A.I.B.’s I.P.O. process as market conditions remain favorable, and I am encouraged by the strong level of interest shown by investors in the offering to date,” Michael Noonan, the Irish finance minister, said in a statement on Monday.

The Irish government injected 21 billion euros, or $23.5 billion at current exchange rates, into Allied Irish Banks, one of Ireland’s largest lenders, in 2009 and 2010 as it suffered under the weight of property loans that went bad amid the financial crisis. The government now owns about 99 percent of its shares.

After rescuing its banks, Ireland was forced to seek its own bailout, receiving €67.5 billion from the European Union and the International Monetary Fund. Ireland emerged from the international bailout program in 2013.

On Monday, the Irish government said it expected to price the offering of Allied Irish Banks from €3.90 to €4.90 a share. That would imply a market capitalization of €13.3 billion at the upper end of the range.

The offering, of 679 million shares, will be listed on the Irish Stock Exchange in Dublin and the London Stock Exchange. Conditional trading of the shares is expected to begin on June 23.

“A successful transaction would represent an important milestone in our journey to dispose of our banking investments and ultimately recover all the money the Irish state has invested in A.I.B.,” Mr. Noonan said.

He said earlier that it could take a decade for the bank to be fully privatized.

The Irish government first said last month that it planned to sell a 25 percent stake in the bank in an offering.

The bank would be the latest in Europe to return, at least partly, to private ownership after needing a government rescue.

In 2015, ABN Amro returned to the public markets as the Dutch government sold a 20 percent stake.

The British government sold its final stake in Lloyds Banking Group in May, after it injected 20.3 billion pounds, or $25.9 billion at current exchange rates, into the lender during the financial crisis. The government also began reducing its ownership stake in the Royal Bank of Scotland in 2015 but has said it may be forced to sell its 72 percent stake at a loss.

All proceeds from the Allied Irish offering will go to repay the Irish government. If an overallotment of shares is fully exercised, the offering could raise as much as €3.8 billion. The bank has repaid about €6.8 billion to the government so far, through fees, dividends and other instruments.

Retail investors in Britain and Ireland and institutional investors will be able to participate in the initial public offering.

Allied Irish Banks’ fortunes have improved in recent years. The bank has made a pretax profit in the last three years — €1.7 billion in 2016.

The bank is Ireland’s largest commercial and retail lender, with 2.3 million retail and small- and medium-size business customers. The bank operates in Britain and Ireland under the Allied Irish Bank and First Trust Bank brands.

Bank of America Merrill Lynch, Davy and Deutsche Bank are co-coordinators on the offering. Rothschild is acting as financial adviser to the Irish government.

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