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
|
email: siobhain.m.walsh@aib.ie
|
