AIB Group

Further progress on P2R

  • Sectors : Banks
  • Companies : AIB Group

Ratings and price correct at time of issue.

  • AIB Group

    Closing Price: 1064c

  • RATING 23/01/19

  • PREVIOUS RATING 14/08/18

    NEUTRAL

DAVY VIEW

While modest, the reduction in Pillar 2 Required (P2R) is welcome, with total P2R reduced by 55bps since the 2023 Supervisory Review and Evaluation Process (SREP). Of this reduction, 31bps relates to its CET 1 requirements over the same period. Irish bank capital requirements are higher than those across Europe, feeding into higher management targets. AIB Group (AIBG) has held its management CET 1 target at 14% and the further decline in SREP for 2027 will likely support this stance.

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Oct 23 2026, 08:28 IST/BST

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