AIB_CBI Countercyclical Buffer Requirement

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 5^th 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: [phone]	Tel: [phone]
email: [e-mail]	email: stephen.p.o'[e-mail]               [e-mail]

 

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