MNI China Daily Summary: Thursday, March 6

MNI: UK FEB CONSTRUCTION PMI 44.6 (FCST: 49.5); JAN 48.1

MNI BRIEF: PBOC Launches New Board For Tech Bond Issuance

MNI BRIEF: China Has Policy Room If Needed - Finance Minister

MNI BRIEF: PBOC To Cut RRR, Rates When Needed - Governor Pan

MNI: PBOC Net Drains CNY110.5 Bln via OMO Thursday

MNI: EUROZONE JAN RETAIL SALES -0.3% M/M, +1.5% Y/Y

MNI: EUROZONE FEB CONSTRUCTION PMI 42.7; JAN 45.4

MNI: SWEDEN FLASH FEB CPIF +2.9% Y/Y

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FINANCIALS: AIB Group (AIB) - Q4 Results

FINANCIALS
Credit BulletsCEEMEAEurozoneBulletIreland

Small credit positive. A good set of results.

  • NII increased to €4.1bn, up from €3.8bn, but is expected to fall back to €3.6bn in 2025. Fee and commission income grew by 5% in 2024 to €666m. Other income was lower as 2023 included the Goodbody income.
  • Cost of risk fell to 8bps in 2024, but this was flattered by macroeconomic assumption changes. Credit performance from impaired credits were similar to 2023 - which looks likely an underlying CoR of c12bps In both years.
  • Operating expenses grew 8% during the year.
  • PBT is up to €2.7bn from €2.4bn in 2023
  • CET1 decreases from 15.8% to 15.1% - remains well ahead of >14% target. Capital generation was 400bps through the year. SRT's and other moves added a further 50bps.Dividends were -350bps, and buybacks were -80bps. RWA growth detracted a further 90bps.

2025 Targets

Keep reading...Show less
193 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Small credit positive. A good set of results.

  • NII increased to €4.1bn, up from €3.8bn, but is expected to fall back to €3.6bn in 2025. Fee and commission income grew by 5% in 2024 to €666m. Other income was lower as 2023 included the Goodbody income.
  • Cost of risk fell to 8bps in 2024, but this was flattered by macroeconomic assumption changes. Credit performance from impaired credits were similar to 2023 - which looks likely an underlying CoR of c12bps In both years.
  • Operating expenses grew 8% during the year.
  • PBT is up to €2.7bn from €2.4bn in 2023
  • CET1 decreases from 15.8% to 15.1% - remains well ahead of >14% target. Capital generation was 400bps through the year. SRT's and other moves added a further 50bps.Dividends were -350bps, and buybacks were -80bps. RWA growth detracted a further 90bps.

2025 Targets

Keep reading...Show less