AIB Group

Accretive tracker mortgage acquisition confirmed

  • Sectors : Banks
  • Companies : AIB Group

Ratings and price correct at time of issue.

  • AIB Group

    Closing Price: 245c

  • RATING 23/01/19

  • PREVIOUS RATING 14/08/18



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.

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Jun 2 2022, 07:05 IST/BST