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).

(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)

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