AIB - CAPITAL REQUIREMENTS
(Thomson Reuters ONE) -
Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] is making the following
announcement following the statements made on 28(th) November by the Irish
Government and Central Bank of Ireland.
We note that AIB's additional capital requirement has been set at ?5.265bn by
the Central Bank of Ireland, to be raised by the end of February 2011. The total
core tier one capital (CT1) still to be raised by AIB has been estimated by the
Central Bank of Ireland at c.?9.8bn and arrived at as follows:
PCAR ?bn
30(th) March CT1 requirement c. 4.9
30(th) September additional CT1 requirement c. 3.0
28(th) November additional CT1 requirement c. 5.3
Business disposals (Poland & M&T) c. (3.4)
Total c. 9.8
The estimated impact of the total remaining capital injection of ?9.8bn is to
increase AIB's pro forma CT1 at 31(st) December 2010 to c.14%.
The Irish State will subscribe for the incremental capital requirement that AIB
does not raise from other sources.
The terms of the support package, agreed by the Irish Government with the
European Commission, European Central Bank and the IMF, also require Irish banks
to undertake restructuring programmes. In AIB's case, and as previously
announced, a comprehensive review process is underway that aims to define the
appropriate future size, structure and strategy of the bank.
We believe that the increased capital requirements, associated liquidity
benefits and accompanying statements of ongoing international support are
important measures designed to restore confidence in the Irish banking system,
of which AIB is confirmed as an essential part.
-ENDS-
For further information please contact:-
Alan Kelly Catherine Burke
General Manager, Corporate Services Head of Corporate Relations and
Communications
AIB Group AIB Group
Dublin Dublin
Tel: +353-1-6412162 Tel: +353-1-6413894
email: alan.j.kelly(at)aib.ie email: catherine.e.burke(at)aib.ie
[HUG#1467199]
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originality of the information contained therein.
Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 30.11.2010 - 15:50 Uhr
Sprache: Deutsch
News-ID 49268
Anzahl Zeichen: 3186
contact information:
Town:
Dublin 4
Kategorie:
Business News
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