AIB Group PLC AIB_CBI Countercyclical Buffer Requirement (8911T)

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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: +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

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