Allied Irish Banks, p.l.c.

July 28, 2011 10:07 ET

AIB - Capital Contributions

DUBLIN, IRELAND--(Marketwire - Jul 28, 2011) - Allied Irish Banks, p.l.c. ("AIB") (NYSE: AIB) announces that, further to its announcement on 27 July 2011, the Minister for Finance (the "Minister") and the National Pensions Reserve Fund Commission (the "NPRFC") have today made capital contributions in the aggregate amount of c. EUR6.054 billion to AIB for no consideration (the "Capital Contributions"). Accordingly, no new Ordinary Shares have been issued by AIB to the Minister and the NPRFC in return for the Capital Contributions. AIB is required to raise a total of c.EUR14.8 billion of Core Tier 1 Capital, of which EUR1.6 billion may be in the form of contingent capital, by 31 July 2011 (the "PCAR Requirement"). The Capital Contributions were made in order to satisfy the portion of the PCAR Requirement not satisfied by AIB's placing of EUR5 billion of new Ordinary Shares with the NPRFC and the issue of EUR1.6 billion of contingent capital notes at par to the Minister, which completed on 27 July 2011 (the "Capital Raising"), other capital generating exercises undertaken by AIB and EBS Limited (formerly EBS Building Society) and further burden-sharing measures undertaken with the Group's subordinated debt holders.

As a result of the proceeds of the Capital Raising and the Capital Contributions, AIB has now received the necessary capital to meet the PCAR Requirement. This has been confirmed by the Central Bank of Ireland.

AIB's Board of Directors acknowledges the continued support of the Minister and the Irish State. - ENDS -


None of the Minister for Finance, the Department of Finance, the Irish Government, the National Treasury Management Agency, the National Pensions Reserve Fund Commission or any person controlled by or controlling any such person, or any entity or agency of or related to the Irish State, or any director, officer, official, employee or adviser of any such person (each such person, a "Relevant Person") accepts any responsibility for the contents of this announcement, or makes any representation or warranty as to the accuracy, completeness or fairness of any information contained in this announcement. Each Relevant Person expressly disclaims any liability whatsoever for any loss howsoever arising from, or in reliance upon, the whole or any part of this announcement or any document referred to in this announcement or any supplement or amendment thereto (each a "Transaction Document"). No Relevant Person has authorised or will authorise the contents of any Transaction Document, or has recommended or endorsed any course of action contemplated by any Transaction Document.

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Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE


Contact Information

  • For further information, please contact:

    Alan Kelly
    Director of Corporate Affairs & Marketing
    AIB Group
    Dublin 4
    Tel: +353 1 6412162

    Ronan Sheridan
    Group Press Officer
    AIB Group
    Dublin 4.
    Tel: + 353 1 6414651