Brief: AIB nudges up net interest income guidance on ECB rate expectations
BRIEF-AIB nudges up net interest income guidance on ECB rate expectations July 30 (Reuters) - AIB Group PLC AIBG.I:
AIB - FULLY LOADED CORE TIER 1 CAPITAL RATIO 16.1% VERSUS 16.0% AT END-MARCH
AIB - GROSS LOANS INCREASED 3% OR €2.2BN TO €74.5BN; 60% INCREASE IN OUR INTERIM DIVIDEND OF €19.528 CENTS PER SHARE
AIB - COSTS INCREASED 2% TO €1.0BN AS GUIDED; COST INCOME RATIO (CIR) MAINTAINED AT 44%
AIB - NII GUIDANCE BASED ON RATE ASSUMPTIONS OF AN ECB DEPOSIT RATE OF 2.5%, BOE RATE OF 4.00% AT DEC 2026
AIB - H1 NET INTEREST INCOME (NII) OF €1,871M IN LINE WITH PRIOR PERIOD WITH NIM 2.68%, TOTAL OTHER +15%; NET FEE AND COMMISSION INCOME €328M
AIB - NII FOR FY 2026 NOW EXPECTED TO BE > €3.8BN; PREVIOUS GUIDANCE C. €3.8BN, FY OTHER INCOME FORECAST C. €800M VERSUS €750M PREVIOUSLY
AIB - CUSTOMER DEPOSITS UP 1.3% TO €118.8BN (DEC 25: €117.2BN); FY 2026 EXPECTED TO INCREASE C. 3% VERSUS PREVIOUS GUIDANCE 2-3%
AIB - ADJUSTED ROTE 23.2% AT H1; ECL CHARGE OF €91M REPRESENTING 25BPS COST OF RISK; 1.6% ECL COVER
AIB - NEW LENDING UP 10% TO €7.5 BILLION, MORTGAGE MARKET SHARE 30%, 70% OF NEW CLIMATE & INFRASTRUCTURE CAPITAL LENDING IN EUROPE AND THE UK
Further company coverage: AIBG.I
(Reporting By Padraic Halpin)