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AIB_CBI Countercyclical Buffer Requirement

6 Jul 2018 12:02

RNS Number : 8911T
AIB Group PLC
06 July 2018
 

 

 

 

 

 

6 July 2018

 

 

AIB Group plc

Central Bank of Ireland Countercyclical Buffer Requirement

 

 

AIB Group plc notes the introduction of a CCyB of 1% by the Central Bank of Ireland to be applied from 5th July, 2019. Based on current exposures this would have the impact of increasing AIB's capital requirements by 0.71%. AIB is very well capitalised (17.1% Fully Loaded CET1 at end Q1 2018) and comfortably in excess of minimum capital requirements. The Bank has a fully loaded CET1 target ratio of 13%, we continue to believe this is appropriate.

 

 

-ENDS-

 

 

 

For further information, please contact:

Niamh Hore

Stephen O'Shea / Paddy McDonnell

Investor Relations

Media Relations

AIB Bankcentre

AIB Bankcentre

Dublin

Dublin

Tel: +353-1-6411817

Tel: +353-1-7720456 / +353-1-6412869

email: niamh.a.hore@aib.ie

email: stephen.p.o'shea@aib.ie

paddy.x.mcdonnell@aib.ie

 

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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