REG - AIB Group PLC - SREP

AIBAnnouncement

12/12/2024 07:00

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RNS Number : 7697P  AIB Group PLC  12 December 2024

 

   12 December 2024

AIB Group plc - SREP

 

 

Supervisory Review and Evaluation Process (SREP)

 

Following the Supervisory Review and Evaluation Process (SREP) performed by
the ECB in 2024, the Pillar 2 Requirement reduced by 20bps to 2.40% from
2.60%.

 

AIB continues to have a very strong capital base with a fully loaded CET1 of
15.8%((1)) at September 2024.  The reported capital ratios are in excess of
minimum regulatory requirements and AIB continues to maintain a very
significant buffer above Maximum Distributable Amount (MDA) trigger levels.

 

AIB does not disclose Pillar 2 Guidance (P2G), however following the ECB's
revised P2G methodology, AIB confirms it is in bucket 3 which has a P2G range
of 1.00% - 2.75%.

 

The table below shows the total capital requirements of the Group and
components based on an assumption of optimal usage of Tier 2 and AT1
instruments permitted under the Capital Requirements Regulation (CRR).

 

 SREP Requirements                                         AIB SREP 2023  AIB SREP 2024  AIB SREP 2025
 Pillar 1 CET1                                             4.50%          4.50%          4.50%
 Pillar 2 Requirement (P2R) CET1 ((2))                     1.55%          1.46%          1.35%
 Capital Conservation Buffer (CCB)                         2.50%          2.50%          2.50%
 Other Systemically Important Institutions Buffer (O-SII)  1.50%          1.50%          1.50%
 Countercyclical buffer (CCyB) ((3))                       1.08%          1.43%          1.43%
 Total CET 1 requirement                                   11.13%         11.39%         11.28%
 AT1                                                       2.02%          1.99%          1.95%
 Tier 2                                                    2.69%          2.65%          2.60%
 Total Capital Requirement ((4))                           15.84%         16.03%         15.83%

 

(1)      In accordance with ECB guidance under Article 26(2), year to
date to profits have not yet been recognised in September regulatory reported
CET1 of 14.9%. The regulatory reported CET1 of 14.9% is net of the mid-year
€505m share buyback.

(2)      P2R of 2.4% of which 1.35% must be held in the form of CET1
assuming 45bps AT1 and 60bps Tier 2 to meet P2R requirement

(3)      Countercylical buffer - UK CCyB at 2% as at December 2024 and
Irish CCyB of 1.5%

(4)      Excludes Pillar 2 Guidance (P2G)

 

 

For further information, please contact:

 Niamh Hore                                               Siobhain Walsh
 Head of Investor Relations                               Head of Debt Investor Relations
 AIB Group                                                AIB Group
 Dublin                                                   Dublin
 Tel: +353 863135647                                      Tel: +353 873956864
 email: niamh.a.hore@aib.ie (mailto:niamh.a.hore@aib.ie)  email: siobhain.m.walsh@aib.ie (mailto:janet.e.mcconkey@aib.ie)

 

 

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