AIB Group PLC SREP

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: [phone]	Tel: [phone]
email: [e-mail]	email: [e-mail]

 

 

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