Information Release 8 December 2011
The Central Bank of Ireland today published the results for the Irish banks included in the European Banking Authority (EBA) capital exercise. The Irish banks involved in the 2011 EU-wide stress test (Bank of Ireland, AIB and Irish Life & Permanent) were included in the capital exercise.
The results show that the Irish banks do not require any additional capital. Irish banks have been recapitalised, following the Prudential Capital Assessment Review (PCAR) process in March 2011, and are required to maintain a minimum Core Tier 1 Ratio of 10.5% on an on-going basis.
Results by Institution
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Institution
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Recapitalisation Exercise Core Tier 1 at September 2011
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AIB
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20.11%
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Bank of Ireland
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12.85%
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Irish Life & Permanent
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23.87%
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View results for Allied Irish Banks plc
View results for Bank of Ireland
View results for Irish Life & Permanent plc
Note: Circa €800 million of gains generated by Bank of Ireland as part of its capital generating Liability Management Exercises in July 2011, are not included in the amount of Common equity of €8,001 million at 30 September 2011. These gains will be included in the Core Tier 1 capital of Bank of Ireland when the independent audit of the year end accounts is finalised.
Detailed results for AIB, Bank of Ireland and IL&P have been published by the individual institutions and on the Central Bank website.
Details of the EBA capital exercise are available from the EBA website.