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Jun 2 2022, 07:05 IST/BST
The binding agreement with NatWest confirms an earnings and returns accretive transaction, utilising surplus capital and liquidity and acquired at an attractive price. Following the transaction, AIB will remain overcapitalised – with clarity on capital investment allowing greater visibility on surplus return. In addition, the higher earnings base will provide greater ordinary dividend capacity, which together with returns accretion should be a further catalyst for a re-rating.