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BIRG Bank Of Ireland Group Plc

9.10
0.385 (4.42%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bank Of Ireland Group Plc LSE:BIRG London Ordinary Share IE00BD1RP616 ORD EUR1.00 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.385 4.42% 9.10 8.60 9.015 8.885 8.60 8.60 195,589 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bank of Ireland Group PLC Update on 2024 ECB SREP

11/12/2024 4:54pm

RNS Regulatory News


RNS Number : 7499P
Bank of Ireland Group PLC
11 December 2024
 

Bank of Ireland Group plc (the "Group")

Update on ECB Supervisory Review and Evaluation Process

 

11 December 2024

 

The Group has been notified of the European Central Bank's final decision on the Group's own funds requirements applicable from 1 January 2025 following the 2024 Supervisory Review and Evaluation Process (''SREP'').

 

The Group's Total Capital Requirement for 2025 will be 15.90% (CET1 requirement of 11.35%, excluding Pillar 2 Guidance)1. This reflects an increase of 5 basis points in the Group's Pillar 2 Requirement, resulting in a 3 basis point increase in CET1 requirements.

 

The Group's CET1 guidance of >14% is unchanged.

 

1 Based on weighted RoI, UK and other CCyBs at 30 September 2024.

 

Ends

 

For further information please contact:

 

Bank of Ireland

 

Mark Spain, Group Chief Financial Officer

+353 1 2508900 ext 43291

Eamonn Hughes, Chief Sustainability & Investor Relations Officer

+353 (0)87 2026325

Darach O'Leary, Head of Group Investor Relations

+353 (0)87 9480650 

Damien Garvey, Head of Group External Communications and Public Affairs

+353 (0)86 8314435

 

 

Forward Looking Statement

This announcement contains forward-looking statements with respect to certain of the Bank of Ireland Group plc (the 'Company' or 'BOIG plc') and its subsidiaries' (collectively the 'Group' or 'BOIG plc Group') plans and its current goals and expectations relating to its future financial condition and performance, the markets in which it operates and its future capital requirements. These forward-looking statements often can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as 'may,' 'could,' 'should,' 'will,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'assume,' 'believe,' 'plan,' 'seek,' 'continue,' 'target,' 'goal,' 'would,' or their negative variations or similar expressions identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. 

 

Examples of forward-looking statements include, among others: statements regarding the Group's near term and longer term future capital requirements and ratios, loan to deposit ratios, expected impairment charges, the level of the Group's assets, the Group's financial position, future income, business strategy, projected costs, margins, future payment of dividends,  future share buybacks, the implementation of changes in respect of certain of the Group's pension schemes, estimates of capital expenditures, discussions with Irish, United Kingdom, European and other regulators, plans and objectives for future operations, and the continued impact of Russia's invasion of Ukraine and the Israeli-Palestinian conflict particularly on certain of the above issues and generally on the global and domestic economies. Such forward-looking statements are inherently subject to risks and uncertainties, and hence actual results may differ materially from those expressed or implied by such forward-looking statements.

 

Such risks and uncertainties include, but are not limited to, those as set out in the 'Principal Risks and Uncertainties' section on page 26 of the Group's 2024 Interim Report and also the discussion of risk in the Risk Management Report in the Group's Annual Report for the year ended 31 December 2023.

 

Nothing in this announcement should be considered to be a forecast of future profitability, dividend forecast or financial position of the Group and none of the information in this announcement is or is intended to be a profit forecast, dividend forecast, or profit estimate. Any forward-looking statement speaks only as at the date it is made. The Group does not undertake to release publicly any revision to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date hereof.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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