Annonce • May 14
AIB Group plc and Allied Irish Banks, p.l.c. Appoint James Emmett as an Independent Non-Executive Director, Effective May 13, 2026 AIB Group plc and Allied Irish Banks, p.l.c. (together, "AIB" or the "Group") are very pleased to announce the appointment of Mr. James Emmett as an independent non-executive Director. He will join the AIB Board with immediate effect. Mr. Emmett brings over 30 years' international experience in banking and financial services, including more than25 years with HSBC, where he held a number of senior executive and leadership roles across the UK, Europe and other international markets. He served as Chief Executive Officer of HSBC Bank plc and HSBC Europe, with responsibility for the UK wholesale bank and European operations and was instrumental in the delivery of UK ring-fencing, Brexit readiness, balance sheet restructuring and significant strategic repositioning initiatives. Earlier in his career, Mr. Emmett served as Chief Operating Officer of HSBC Bank plc, overseeing large-scale systems and operational transformation. He also held a number of senior international roles within HSBC, including Chief Executive Officer of HSBC Turkey and Global Head of Trade and Receivables Finance, and served on the boards of HSBC Bank plc, HSBC France, HSBC Germany and HSBC Turkey. More recently, Mr. Emmett served as Chief Operating Officer of the National Wealth Fund, a UK government-owned policy bank,where he was a member of the Executive Committee and Deputy Chair of the Investment Committee, with responsibility for operations and technology and a focus on infrastructure investment and the net-zero transition.He is currently Chief Executive Officer at MKS PAMP SA in Switzerland, a globally active provider of financial and physical precious metals trading services, which operates a state-of-the-art precious metals refinery in Switzerland. Mr. Emmett has also held senior advisory and board roles in the fintech and digital assets sector, including as Chief Executive Officer and Managing Director of Diem (formerly Libra) Networks LLC, and as a Senior Advisor with Oliver Wyman, advising boards and executive teams of financial institutions globally. Annonce • May 03
AIB Group plc Approves Final Dividend, payable on May 8, 2026 AIB Group plc at its AGM held on April 30, 2026, approved the final dividend of 46.257 cents per share. The dividend will be paid on 8 May 2026. Annonce • Mar 28
Aib Group plc Announces Directorate Change AIB Group plc announces that Mr. Brendan McDonagh will not be putting himself forward for re-election as a Director at the forthcoming Annual General Meeting on 30 April 2026 and will step down as a Director at the conclusion of that meeting, having served just over nine years on the Board, including over six years as Board Risk Committee chair. Mr. Jan Sijbrand, who has served on the Board, and the Board Risk Committee, as a non-executive Director since September 2021, has been appointed as chair of the Board Risk Committee and will take over this responsibility from Mr. McDonagh with effect from 25 March 2026. Mr. McDonagh will remain as a member of the Board Risk Committee until his retirement and will work closely with Mr. Sijbrand to ensure a smooth handover. Annonce • Sep 26
AIB Group plc Announces Directors Retirements, Effective 31 December 2025 AIB Group plc and Allied Irish Banks, p.l.c. (together the "Group" or "AIB") announced that Ms. Ann O'Brien and Mr. Raj Singh will retire as Directors with effect from 31 December 2025. Ms. O'Brien and Mr. Singh were appointed to the Board in 2019 following their nomination by the Minister for Finance under the Relationship Framework Agreement then in force. Annonce • Sep 01
Aib Group plc Appoints Ms Anne Sheehan as Independent Non-Executive Director, with Effect from 1 September 2025 AIB Group plc announced the appointment of Ms Anne Sheehan as an independent non-executive Director. She will join the AIB Board with effect from 1 September 2025. Ms Sheehan is currently the General Manager of Enterprise Commercial for Europe North at Microsoft, having previously held the role of Chief Executive Officer of Microsoft Ireland from 2021 to 2023. Ms Sheehan has extensive industry-based experience in technology in Ireland, Europe and the US. She is focused on driving digital transformation, together with good customer outcomes and operational efficiency. She commenced her professional career at IBM and moved to Vodafone where she held leadership roles including Director of Vodafone Business UK (2017-2021), and Director Vodafone Business (Enterprise) Ireland (2013-2017). Annonce • Jun 06
Fiserv, Inc. (NYSE:FI) entered into an agreement to acquire remaining 49.90% stake in First Merchant Processing (Ireland) Designated Activity Company from AIB Group plc (ISE:A5G). Fiserv, Inc. (NYSE:FI) entered into an agreement to acquire remaining 49.90% stake in First Merchant Processing (Ireland) Designated Activity Company from AIB Group plc (ISE:A5G) on June 6, 2025. Upon completion, Fiserv, Inc. will own 100% stake in First Merchant Processing (Ireland) Designated Activity Company (AIB Merchant Services).
The transaction is subject to regulatory approvals and closing conditions and is expected to close in the third quarter of 2025. Annonce • May 26
AIB Reportedly Weighs Sale of EUR 500 Million in Bad Loans AIB Group plc (ISE:A5G) is preparing for a potential sale of a portfolio of non-performing loans, including debt that had soured during the Covid-19 pandemic and never recovered, sources have said. The portfolio being assembled has an original value of EUR 500 million and could come to the market as soon as the third quarter of this year, the sources said, adding that it includes mortgages, unsecured loans and small business loans. The development comes about 18 months after AIB shifted most of its remaining crisis-era problem loans and signals that portfolio sales will remain a tool for the bank s management of intractable non-performing loans. European regulators introduced rules a decade after the financial crash requiring banks to set aside provisions equal to 100% of a non-performing loan within three to seven years after the default date. That incentivises banks to address such borrowings or get them off their books. Bank of Ireland said in a recent trading update that it continues to look at organic and inorganic activity to further improve the quality of its loans. Inorganic activity usually refers to asset sales or purchases. Sources have suggested that Bank of Ireland is unlikely to carry out a transaction this year. Bank of Ireland s non-performing loans ratio stood at 2.5% in March. AIB has reduced its non-performing exposure levels from EUR 31 billion in 2013 to EUR 2 billion, or circa 2.8% of gross loans, as of the end of March 2025, a spokesman for AIB said. For customers in difficulty, our focus has been to put in place appropriate and sustainable solutions to help them to get back on track. Notwithstanding the considerable progress made to date, we remain committed to maintaining a non-performing exposure level which is in line with European norms. AIB s chief executive, Colin Hunt, said earlier this month that the bank's financial performance was better than expected in the first quarter of the year, despite fears that Trump administration policies will hit global trade and economic growth. Annonce • May 08
AIB Group plc (ISE:A5G) commences an Equity Buyback Plan for 191,671,857 shares, representing 8.23% of its issued share capital, for €1,200 million, under the authorization approved on May 1, 2025. AIB Group plc (ISE:A5G) commences a share repurchases on May 7, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 1, 2025. As per the mandate, the company is authorized to repurchase up to 191,671,857 shares, representing 8.23% of its issued share capital, for €1,200 million. The shares will be repurchased at a price of €6.2607 per share. The shares will be repurchased from the Minister for Finance. The company intends to cancel the repurchased shares. The program is expected to settle on May 9, 2025. Post the completion of the program, the company will have 2,136,766,718 shares in issue. The company has no shares in treasury. Annonce • May 02
AIB Group plc Reiterates Earnings Guidance for 2025 AIB Group plc reiterated earnings guidance for 2025. For the year, the company continue to expect NII to be >€3.6bn given stable and granular deposit base, growth in loan book and management of structural hedge programme to reduce NII sensitivity. Annonce • Mar 26
Aib Group plc and Allied Irish Banks, P.L.C. Announces Helen Normoyle Step Down as Director AIB Group plc and Allied Irish Banks, p.l.c. announced that Ms. Helen Normoyle will not be putting herself forward for re-election as a Director at the forthcoming Annual General Meeting on 1 May 2025 and will step down as a Director at the conclusion of that meeting, having served just over nine years on the Board. Annonce • Jan 29
An undisclosed buyer acquired 5% stake in AIB Group plc (ISE:A5G) from Irish Department of Finance. An undisclosed buyer acquired 5% stake in AIB Group plc (ISE:A5G) from Irish Department of Finance on January 28, 2025.
An undisclosed buyer completed the acquisition of 5% stake in AIB Group plc (ISE:A5G) from Irish Department of Finance on January 28, 2025. Reported Earnings • Aug 04
First half 2024 earnings released: EPS: €0.42 (vs €0.31 in 1H 2023) First half 2024 results: EPS: €0.42 (up from €0.31 in 1H 2023). Revenue: €2.42b (up 15% from 1H 2023). Net income: €1.08b (up 31% from 1H 2023). Profit margin: 45% (up from 39% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annonce • Apr 18
Allied Irish Banks Announces Executive Appointments Allied Irish Banks has announced three new appointments to its retail banking team. The firm has appointed Adrian Moynihan as head of Consumer at the bank. He is to lead strategy for the bank's branch network and customer contact centres. He has more than 20 years of experience. The firm has also appointed Ciara Ryan as head of Wealth at AIB Retail. Olaf Fitzsimmons has been appointed as head of Business Innovation and Adoption. Upcoming Dividend • Mar 14
Upcoming dividend of €0.27 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.7%). Declared Dividend • Mar 08
Dividend increased to €0.27 Dividend of €0.27 is 329% higher than last year. Ex-date: 21st March 2024 Payment date: 10th May 2024 Dividend yield will be 6.2%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (15% payout ratio) and is expected to be covered in 3 years' time (50% forecast payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: €0.76 (vs €0.26 in FY 2022) Full year 2023 results: EPS: €0.76 (up from €0.26 in FY 2022). Revenue: €4.52b (up 56% from FY 2022). Net income: €2.06b (up 194% from FY 2022). Profit margin: 46% (up from 24% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €4.46, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 180% over the past three years. Annonce • Oct 20
AIB Group plc to Report Q3, 2023 Results on Nov 01, 2023 AIB Group plc announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023 Annonce • Oct 19
AIB Announces Executive Changes AIB has named Geraldine Casey, a one-time executive with Tesco Ireland who joined the bank in 2019, as the managing director of its key retail banking division. Ms Casey, previously AIB s chief people officer, succeeds Jim O Keeffe, who left the bank during the summer after more than three decades with the lender. Before joining AIB, the executive had spent 19 years with Tesco Ireland, where she had started off on a graduate programme. AIB has backfilled Ms. Casey s previous position with David McCormack, who was previously deputy chief people officer. The bank has also named Graham Fagan as chief technology officer, succeeding Fergal Coburn, who also departed the group in recent months after more than 22 years. New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.61, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 365% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.26 per share. Reported Earnings • Jul 29
First half 2023 earnings released: EPS: €0.31 (vs €0.17 in 1H 2022) First half 2023 results: EPS: €0.31 (up from €0.17 in 1H 2022). Revenue: €2.11b (up 30% from 1H 2022). Net income: €823.0m (up 85% from 1H 2022). Profit margin: 39% (up from 28% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Annonce • Jul 14
Panelview Designated Activity Company acquired Mortgage Loans in the Portfolio from AIB Group plc (ISE:A5G). Panelview Designated Activity Company acquired Mortgage Loans in the Portfolio from AIB Group plc (ISE:A5G) in April 2021.Panelview Designated Activity Company completed the acquisition of Mortgage Loans in the Portfolio from AIB Group plc (ISE:A5G) in April 2021. Annonce • May 06
AIB Group plc Approves Final Dividend for the Year 2022, Payable on 12 May 2023 AIB Group plc announces that at its Annual General Meeting, held on May 04, 2023, approved to declare a final dividend of 6.2 euro cents per share payable on 12 May 2023. Annonce • May 05
AIB Group plc Provides Earnings Guidance for the Year 2023 AIB Group plc provided earnings guidance for the year 2023. For the period, the company expects Net interest income (NII) to be >€3.3 billion and net interest margin (NIM) >2.70%. Upcoming Dividend • Mar 23
Upcoming dividend of €0.062 per share at 1.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 329% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.87 per share. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: €0.26 (vs €0.21 in FY 2021) Full year 2022 results: EPS: €0.26 (up from €0.21 in FY 2021). Revenue: €2.91b (up 11% from FY 2021). Net income: €767.0m (up 32% from FY 2021). Profit margin: 26% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Annonce • Jan 14
AIB Group plc to Report Fiscal Year 2022 Results on Mar 08, 2023 AIB Group plc announced that they will report fiscal year 2022 results on Mar 08, 2023 Recent Insider Transactions • Dec 06
Independent Non-Executive Chairman recently bought €76k worth of stock On the 5th of December, James Pettigrew bought around 25k shares on-market at roughly €3.05 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Annonce • Nov 09
An unknown buyer acquired 5% stake in AIB Group plc (ISE:A5G) from Ireland Strategic Investment Fund. An unknown buyer acquired 5% stake in AIB Group plc (ISE:A5G) from Ireland Strategic Investment Fund on November 8, 2022.An unknown buyer completed the acquisition of 5% stake in AIB Group plc (ISE:A5G) from Ireland Strategic Investment Fund on November 8, 2022. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 15% share price gain to €2.66, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 2.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.56 per share. Reported Earnings • Jul 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €242.0m from profit in 1H 2021). Profit margin: (down from 19% in 1H 2021). Over the next year, revenue is expected to shrink by 10% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Jun 25
AIB Group plc Announces Board Changes The Boards of AIB Group plc and Allied Irish Banks, p.l.c. resolved to appoint Ms. Helen Normoyle as Senior Independent Director with effect from 1 July 2022. She will take over this responsibility from Ms. Carolan Lennon whose intended retirement from the Boards of the Group with effect from 30 June 2022 was announced on 25 February 2022. Ms. Normoyle has served as an independent non-executive Director of the Group since December 2015. Buying Opportunity • Jun 25
Now 21% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be €3.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Annonce • Jun 22
Everyday Finance Limited, Lcm Partners Limited and affiliates of Cerberus Capital Management, L.P. entered into a agreement to acquire Non-performing loan portfolio in long-term default of AIB Group plc from AIB Group plc (ISE:A5G) for approximately €400 million. Everyday Finance Limited, Lcm Partners Limited and affiliates of Cerberus Capital Management, L.P. entered into a agreement to acquire Non-performing loan portfolio in long-term default of AIB Group plc from AIB Group plc (ISE:A5G) for approximately €400 million on June 21, 2022. The sale of this portfolio, which includes multiple asset classes with an average time in default of c. 9 years, substantially resolves our legacy, long-term default NPEs. At completion, AIB will receive cash consideration of approximately €0.4 billion. The proceeds will be used for general corporate purposes, including the continuation of support for customer restructuring. Overall the sale is expected to have a positive c. 40bps impact on CET1 covering P&L, calendar provisioning and RWA reduction. Annonce • Jun 03
AIB Group plc (ISE:A5G) agreed to acquire Irish tracker mortgage portfolio of NatWest Group from NatWest Group plc (LSE:NWG) for €5.4 billion. AIB Group plc (ISE:A5G) agreed to acquire Irish tracker mortgage portfolio of NatWest Group from Ulster Bank Ireland Designated Activity Company for €5.4 billion on June 1, 2022. The mortgages will be administered by a third party service provider and are expected to be accretive to earnings in 2023. The transaction is subject to obtaining any relevant regulatory approvals and satisfying the conditions. Completion of this sale is expected to occur in Q2 2023. Buying Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €2.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Annonce • Apr 02
AIB Group plc, Annual General Meeting, May 05, 2022 AIB Group plc, Annual General Meeting, May 05, 2022, at 09:00 Coordinated Universal Time. Location: 10 Molesworth Street Dublin 2 Ireland Agenda: To consider Financial Statements; to consider approval to declare a final dividend ; to consider authorises the Directors to determine the remuneration of the Auditor; to consider Continuation in office of the Auditor; to consider Election and Re-election of Directors; to consider Director's Remuneration Report; to consider Remuneration Policy; and to transact other matters. Upcoming Dividend • Mar 24
Upcoming dividend of €0.045 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 11%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (5.7%). Buying Opportunity • Mar 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be €2.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.21 (up from €0.30 loss in FY 2020). Revenue: €2.61b (up 186% from FY 2020). Net income: €647.0m (up €1.46b from FY 2020). Profit margin: 25% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is expected to shrink by 4.5% compared to a 9.3% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annonce • Mar 04
AIB Group plc Proposes Dividend AIB Group plc Proposed distributions of €213 million or 7.8 cents per share representing a 40% payout. Ordinary dividend of €122 million or 4.5 cents per share. Annonce • Feb 25
Carolan Lennon Informs to Resign as A Director, and as Senior Independent Director of AIB Group plc and Allied Irish Banks, p.l.c, on 30 June 2022 AIB Group plc and Allied Irish Banks, p.l.c. announced that Ms. Carolan Lennon informed the Board on 24 February 2022 that she intends to resign as a Director, and as Senior Independent Director, on 30 June 2022. Annonce • Feb 18
AIB Group plc to Report Fiscal Year 2021 Results on Mar 03, 2022 AIB Group plc announced that they will report fiscal year 2021 results at 7:00 AM, Coordinated Universal Time on Mar 03, 2022 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 18% share price gain to €2.62, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.38 per share. Annonce • Dec 17
AIB Group plc (ISE:A5G) agreed to acquire a 50% stake in Autolease Fleet Management Limited for €6 million. AIB Group plc (ISE:A5G) agreed to acquire a 50% stake in Autolease Fleet Management Limited for €6 million on December 16, 2021. The acquired business will trades as NiftiBusiness and Nifti Personal Leasing. The deal is subject to approval by the Competition and Consumer Protection Commission. Annonce • Dec 05
AIB Reportedly Plans Property Loans Sale AIB Group plc (ISE:A5G) is preparing to sell a portfolio of commercial property loans that had an original value of €750 million, according to a Bloomberg report. The lender is likely to formally market the loan book in the first half of 2022, it said, noting that such portfolios, comprising loans issued before the domestic property crash more than a decade ago, are typically sold at a discount to their par value. "AIB has reduced NPE (non-performing exposure) levels from €31 billion in 2013 to €3.5 billion or 5.9% of gross loans at September 2021. For customers in difficulty our focus has been to put in place sustainable solutions to help them and our preference is to provide these through customer engagement on a case-by-case basis," a spokesman for the bank said, declining to comment on the report. Annonce • Sep 04
AIB Reportedly Lining Up Problem Mortgages Sale AIB Group plc (ISE:A5G) is in the market looking to sell up to €500 million of problem loans, mainly comprising mortgages. The so-called Project Bay portfolio includes loans deep in arrears as well as restructured, or reperforming, debt where borrowers are meeting eased terms but which AIB must continue to classify as non-performing under strict regulatory criteria, according to sources. First-round bids are due imminently, with final bid expected to be called in October 2021. An AIB spokesman declined to comment on the loan sale. However, he said that "notwithstanding the considerable progress" the bank has made in reducing non-performing exposures (NPEs) from €31 billion in 2013 to €3.8 billion, or 6.5% of gross loans, as of the end of June, the problem loans ratio "remains elevated and we are committed to reaching an NPEs to circa 3%, which is more in line with European levels. In line with regulatory requirements, European banks are obliged to classify certain loans as NPEs for a variety of reasons". Annonce • Sep 01
AIB Group plc (ISE:A5G) completed the acquisition of Goodbody Stockbrokers UC. AIB Group plc (ISE:A5G) reached agreement to acquire Goodbody Stockbrokers UC for €138 million on March 2, 2021. AIB will acquire the entire share capital for a consideration of €138 million reflecting €82 million enterprise value and €56 million excess cash on the balance sheet. Goodbody's 2020 management accounts recorded revenue of €71 million. Under the terms of the acquisition, a small number of AIB staff from its Corporate Institutional and Business Banking team are expected to move across to Goodbody over time to avoid duplication. Completion of the acquisition is conditional on the satisfaction of customary conditions including approval by the Central Bank of Ireland and the Competition and Consumer Protection Commission. As of June 25, 2021, The Competition and Consumer Protection Commission has approved the transaction. As of August 23, 2021 the Central Bank of Ireland has approved the sale of stockbroker Goodbody Stockbrokers UC to AIB Group plc (ISE:A5G). The transaction is expected to close by the end of year, 2022. Transaction is modestly accretive to earnings and ROTE in the first full year of ownership. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor to Goodbody Stockbrokers UC.
AIB Group plc (ISE:A5G) completed the acquisition of Goodbody Stockbrokers UC on September 1, 2021. Post-acquisition, Goodbody will remain a separately regulated entity and will form part of AIB Capital Markets. AIB Group received all regulatory approvals. Annonce • Aug 08
Four Bidders Reportedly in Race to Buy AIB's British SME Loan Book Four parties remain in the race for almost £1 billion (€1.2 billion) British SME business loan book of AIB Group plc (ISE:A5G), which was put on the market earlier in 2021, according to sources. AIB Chief Executive Colin Hunt told analysts on a call this week, after the bank reported interim results, that the process was now entering a binding offers phase with “a number of interested parties”. Sources said four parties remained in the mix, but declined to identify them, other than to say they included both banks and debt funds. A spokesman for AIB declined to comment. Annonce • Jul 24
AIB Reportedly in Talks to Buy Ulster Bank's €6.5 Billion Tracker Loans AIB Group plc (ISE:A5G) is in talks to acquire Ulster Bank Limited’s low-profit €6.5 billion tracker loan book in the Republic, according to sources. The development comes a month after AIB agreed to buy €4.1 billion of corporate and business loans from Ulster Bank, as the latter goes about withdrawing from the market. Sources say that AIB will be expected to buy the book at a discount to reflect the fact that tracker loans are generating low returns, priced of the European Central Bank main rate, which is currently zero per cent. A spokeswoman for Ulster Bank and a spokesman for AIB declined to comment. Annonce • Jul 15
AIB to Shut More Than Half of Branches in Northern Ireland AIB is to close eight of its 15 branches in Northern Ireland. The move comes just days after rival Danske announced a plan to close four of its 32 remaining branches in the North, where Bank of Ireland is also in the process of closing 15 of 28 branches. With 11 active retail banks, the North's banking market is more competitive that the Republic, but branches are under pressure as routine banking shifts online. AIB told staff yesterday that it will be closing eight branches in 2021. Annonce • Mar 16
AIB Group plc and Allied Irish Banks, P.L.C. Announces Appointment Andy Maguire as an Independent Non-Executive Director AIB Group plc and Allied Irish Banks, p.l.c. announced the appointment of Andy Maguire as an independent non-executive Director. He will join the Board, the Board Risk Committee and the Technology and Data Advisory Committee with immediate effect. Andy has extensive financial services experience spanning thirty-five years, including sixteen years with the Boston Consulting Group where he rose to become Managing Partner of the London office covering the UK and Ireland, prior to which he held several global roles including Global Head of Retail Banking. From 2014 to 2020, Andy was the Group Chief Operating Officer for HSBC Holdings plc with responsibility for operations, technology, real estate, change and transformation and operational resilience. He is currently the chair of Thought Machine, a core banking technology company. Annonce • Mar 10
AIB Reportedly Hires Alantra to Sell British Small Business Loan Book AIB Group plc (ISE:A5G) has hired international boutique investment bank Alantra Partners, S.A. (BME:ALNT) to sell its almost £1 billion (€1.16 billion) British small- to medium-sized business loan book as part of a cost-cutting drive announced late 2020, according to sources. Alantra has also been asked to find a buyer for some £2.8 billion of deposits associated with SME customers on the other side of the Irish Sea, though it may struggle to sell these, given how lenders globally are grappling with excess levels of customer savings. AIB Chief Executive Officer Colin Hunt told analysts March 5, 2021, as the group reported full-year figures, that advisers had been contracted to sell the British SME portfolio. He did not identify the firm involved. Colin Hunt announced in December 2020 that the bank was exiting the British SME market, while doubling down in corporate lending in niche areas such as renewable energy, manufacturing and warehousing in that market. Reported Earnings • Mar 06
Full year 2020 earnings released: €0.30 loss per share (vs €0.12 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €913.0m (down 66% from FY 2019). Net loss: €769.0m (down 335% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Annonce • Mar 04
AIB Group plc (ISE:A5G) reached agreement to acquire Goodbody Stockbrokers UC for €138 million. AIB Group plc (ISE:A5G) reached agreement to acquire Goodbody Stockbrokers UC for €138 million on March 2, 2021. AIB will acquire the entire share capital for a consideration of €138 million reflecting €82 million enterprise value and €56 million excess cash on the balance sheet. Goodbody's 2020 management accounts recorded revenue of €71 million. Under the terms of the acquisition, a small number of AIB staff from its Corporate Institutional and Business Banking team are expected to move across to Goodbody over time to avoid duplication. Completion of the acquisition is conditional on the satisfaction of customary conditions including approval by the Central Bank of Ireland and the Competition and Consumer Protection Commission. Transaction is modestly accretive to earnings and ROTE in the first full year of ownership. Is New 90 Day High Low • Feb 23
New 90-day high: €1.85 The company is up 22% from its price of €1.52 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.47 per share. Annonce • Jan 23
AIB Group plc and Allied Irish Banks, P.L.C. Appoint Fergal O'dwyer as an Independent Non-Executive Director AIB Group plc and Allied Irish Banks, p.l.c. announced the appointment of Fergal O'Dwyer as an independent non-executive Director. He will join the Board and the Board Audit Committee with immediate effect. Annonce • Jan 15
AIB Group plc to Report Fiscal Year 2020 Results on Mar 05, 2021 AIB Group plc announced that they will report fiscal year 2020 results at 7:00 AM, Coordinated Universal Time on Mar 05, 2021 Annonce • Jan 09
Aib Hires Terence Liston as Head of Corporate Development AIB has appointed Terence Liston as head of corporate development. Reporting directly to the CEO, Terence will lead the newly established Corporate Development Team. Terence will focus on the expansion of the range of products the bank offers its customers in the areas of life and pensions, investment and wealth. Terence joined AIB five years ago from chartered accountants BDO Ireland where he held senior roles in its Corporate Finance business. Most recently, Terence has held the position of Head of Equity Capital at AIB and was previously Director of AIB Corporate Finance and Director of AIB Development Capital. Is New 90 Day High Low • Nov 10
New 90-day high: €1.12 The company is up 2.0% from its price of €1.10 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.017 per share. Annonce • Nov 06
Aib Group plc Announces Resignation of Tomás O'midheach from All Executive Positions, Effective 4 November 2020 AIB Group plc announced that Mr. Tomás O'Midheach has stepped down from all executive positions within the Group and has resigned as Executive Director with effect from 4 November 2020. Is New 90 Day High Low • Sep 30
New 90-day low: €0.87 The company is down 23% from its price of €1.14 on 02 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.17 per share.