SOURCE: Allied Irish Banks, p.l.c.

December 14, 2010 13:37 ET

AIB - Credit Institutions Bill 2010

DUBLIN, IRELAND--(Marketwire - December 14, 2010) - Allied Irish Banks, p.l.c. ("AIB") (NYSE: AIB) notes the publication earlier today of the Credit Institutions (Stabilisation) Bill 2010 and the Minister for Finance's press release comments in relation to AIB. As noted in the press release, the Minister has indicated the legislation, if passed, will be available to effect, in part, an injection of capital into AIB prior to year end. This injection would be made with a view to ensuring AIB remains in compliance at year end with its regulatory capital requirements as determined by the Central Bank of Ireland.

AIB is reviewing the draft legislation and will continue to hold discussions with the State authorities regarding the receipt of capital.

A further update will be provided following the conclusion of these discussions.

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(i) the releases contained herein are protected by copyright and other applicable laws; and

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

[HUG#1472511]

Contact Information

  • For further information please contact:

    Alan Kelly
    General Manager, Corporate Services
    AIB Group
    Dublin
    Tel: +353-1-6412162
    email: Email Contact

    Ronan Sheridan
    Group Press Officer
    AIB Group
    Dublin
    Tel: +353-1-6414651
    email: Email Contact