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Fri 18:47	Ireland gets EU approval for 5-yr bank guarantee	AFX UK Focus
DUBLIN, Nov 20 (Reuters) - The European Commission has approved Ireland's revised guarantee scheme for bank liabilities of upto five years in duration, Irish Finance Minister Brian Lenihan said on Friday. `Lenihan said the new scheme would be more targeted than the current scheme introduced in 2008 for lenders including Allied Irish Banks, Bank of Ireland and Irish Life & Permanent, and which runs out in September 2010.` "It will apply to certain liabilities (including deposits) incurred by participating institutions during the period upto 29 September 2010," Lenihan said in a statement. "Dated subordinated debt and asset covered securities will not be guaranteed under the scheme." `Lenihan had already indicated he was mulling a new guarantee which would cover maturities of up to 5 years but only for liabilities incurred in an "issuance window" closing at the end of next September.` `(Reporting by Andras Gergely) Keywords: IRELAND BANKS/EU` (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Thu 16:53	FBD Holdings PLC - Holding in Company Form TR1	RNS
RNS Number : 8103C FBD Holdings PLC 19 November 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of `existing shares to which voting rights are attached: FBD Holdings plc` 2. Reason for the notification (please tick the appropriate box or boxes): `X` An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) Allied Irish Banks,` `subject to the notification p.l.c. and its` `obligation: subsidiaries` 4. Full name of shareholder(s) (if different from 3.): 5. Date of the transaction and 17 November 2009 date on which the threshold is crossed or reached: `6. Date on which issuer 19 November 2009` notified: `7. Threshold(s) that is/are 3%` crossed or reached: 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting rights` `of of of shares rights` `Shares Voting` `Rights` `Direct Direct Indirect Direct Indirect` `IE0003290289 983,292 983,292 998,702 998,702 Nil 3% Nil` Ordinary Shares of EUR0.60 each B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date Conversion rights that may be rights` `Period acquired if the` `instrument is` `exercised/` `converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights` `instrument price date Conversion rights instrument` `period refers to` `Nominal Delta` Total (A+B+C) Number of voting rights Percentage of voting rights `998,702 3%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: `Registered Holder Class of Security No. of shares Held` `Bank of New York Nominees Ordinary Shares Euro 0.60 cent each 47,360` Limited `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 194,396` (Ireland) Ltd 184062 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 7,462` (Ireland) Ltd 184219 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 18,806` (Ireland) Ltd 184234 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 37,154` (Ireland) Ltd 184235 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 252,188` (Ireland) Ltd 184321 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 13,161` (Ireland) Ltd 184344 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 733` (Ireland) Ltd 184346 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 2,716` (Ireland) Ltd 184347 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 25,838` (Ireland) Ltd 184615 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 8,351` (Ireland) Ltd 184620 `Nortrust Nominees Limited Ordinary Shares Euro 0.60 cent each 103,765` `Alibank Nominees Limited A/C Ordinary Shares Euro 0.60 cent each 350` T17108 `Goodbody Stockbrokers Nominees Ordinary Shares Euro 0.60 cent each 286,421` Ltd `AIB Services Limited Ordinary Shares Euro 0.60 cent each 1` `Total AIB Holdings 17 November 2009 998,702` Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Done at AIB, Bankcentre, Ballsbridge, Dublin 4 `on 19 November 2009` This information is provided by RNS The company news service from the London Stock Exchange END HOLFFEFMUSUSEIF More
Thu 11:57	UPDATE 3-Irish c.bank chief slams govt cap on bankers' pay	AFX UK Focus
DUBLIN, Nov 19 (Reuters) - New Irish central bank Governor Patrick Honohan opposes the government's policy of imposing a cap on top banking executives' pay, he was quoted by a newspaper on Thursday as saying. `Pressured by voters' anger with banks for contributing to the rapid fall from the 'Celtic Tiger' boom, Dublin imposed a salary cap on bankers as part of the rescue of lenders including Allied Irish Banks and Bank of Ireland.` `Honohan, who took over at the helm of the central bank in September, suggested salary limits could make it difficult to provide the incentives needed to recruit the best people.` `"Around the world, people are becoming less keen on absolute ceilings on earnings," Honohan told the Irish Independent in an interview conducted on Monday. "If you do that, you can end up losing the people you want to keep."` `On Wednesday, Allied Irish Banks ended a row with the government over executive appointments and pay, installing Colm Doherty as managing director with a salary of 500,000 euros ($750,000), the highest allowed under the terms of the bank's state bailout.` `"The focus in other countries is already on reducing the payment of short-term bonuses, before the consequences of executive decisions become clear," Honohan said. "We have to try to align the incentives for chief executives of banks with the common good of the community."` `Prime Minister Brian Cowen said the cap helped ensure banks met their obligations to taxpayers who rescued them and whose own living standards were falling.` `"It's very important that banks recognise that ... the taxpayer has provided necessary funds to ensure that we have a functioning financial system," Cowen said in a video clip posted on the website of his Fianna Fail party late on Wednesday.` `"UNEXPLODED BOMBS"` `Ireland is about to pay 54 billion euros in bonds to cleanse banks of risky property loans via a "bad bank", the National Asset Management Agency (NAMA), with the bonds to be cashed in by the European Central Bank.` `The Independent said Honohan disagreed with the suggestion that Irish banks would require emergency ECB support for the indefinite future.` `"The Irish banks are not getting special treatment," Honohan said. "They have lots of good collateral that they can use for normal loans from the ECB. I think the 54 billion in NAMA bonds will be of more use in the wider financial markets, because they are government guaranteed."` `In his second public statement since taking over as governor, Honohan again departed from the more restrained style of predecessor John Hurley, whom he has also replaced on the Governing Council of the European Central Bank.` `Honohan, who is overseeing the reform of Ireland's financial regulatory system after scandals surrounding now nationalised Anglo Irish Bank, said he wanted to make sure there were no "unexploded bombs lying around" in the sector.` `"I haven't found any yet, but I want to make sure."` `Honohan had used his first public appearance as governor in October to warn in a speech that Ireland needed to cut back some of the wages boosted in the Celtic Tiger years in order to take part in a global upturn.` `His comments on wages have remained relevant with unions due to hold a one-day strike across the public sector on Tuesday against government plans to cut their pay to help stabilise the ballooning budget deficit.` `(Reporting by Andras Gergely; Editing by Kim Coghill and Victoria Main) ($1=.6680 Euro) Keywords: IRELAND BANKS/` (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Thu 10:19	UPDATE 2-Irish c.bank chief slams govt cap on bankers' pay	AFX UK Focus
DUBLIN, Nov 19 (Reuters) - New Irish central bank Governor Patrick Honohan opposes the government's policy of imposing a cap on top banking executives' pay, he was quoted by a newspaper on Thursday as saying. `Pressured by voters' anger with banks for contributing to the rapid fall from the 'Celtic Tiger' boom, Dublin imposed a salary cap on bankers as part of the rescue of top lenders including Allied Irish Banks and Bank of Ireland .` `Honohan, who took over at the helm of the central bank in September, suggested salary limits could make it difficult to provide the incentives needed to recruit the best people.` `"Around the world, people are becoming less keen on absolute ceilings on earnings," Honohan told the Irish Independent in an interview conducted on Monday. "If you do that, you can end up losing the people you want to keep."` `On Wednesday, Allied Irish Banks ended a row with the government over executive appointments and pay, installing Colm Doherty as managing director with a salary of 500,000 euros ($750,000), the highest allowed under the terms of the bank's state bailout.` `"The focus in other countries is already on reducing the payment of short-term bonuses, before the consequences of executive decisions become clear," Honohan said. "We have to try to align the incentives for chief executives of banks with the common good of the community."` `Ireland is about to pay 54 billion euros in bonds to cleanse banks of risky property loans via a "bad bank", the National Asset Management Agency (NAMA), with the bonds to be cashed in by the European Central Bank.` `The Independent said Honohan disagreed with the suggestion that Irish banks would require emergency ECB support for the indefinite future.` `"The Irish banks are not getting special treatment," Honohan said. "They have lots of good collateral that they can use for normal loans from the ECB. I think the 54 billion in NAMA bonds will be of more use in the wider financial markets, because they are government guaranteed."` `In his second public statement since taking over as governor, Honohan again departed from the more restrained style of predecessor John Hurley, whom he has also replaced on the Governing Council of the European Central Bank.` `Honohan, who is overseeing the reform of Ireland's financial regulatory system after scandals surrounding now nationalised Anglo Irish Bank, said he wanted to make sure there were no "unexploded bombs lying around" in the sector.` `"I haven't found any yet, but I want to make sure."` `Honohan had used his first public appearance as governor in October to warn in a speech that Ireland needed to cut back some of the wages boosted in the Celtic Tiger years in order to take part in a global upturn.` `His comments on wages have remained relevant with unions due to hold a one-day strike across the public sector on Tuesday against government plans to cut their pay to help stabilise the ballooning budget deficit.` `(Reporting by Andras Gergely; Editing by Kim Coghill and Victoria Main) ($1=.6680 Euro) Keywords: IRELAND BANKS/` (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Thu 09:52	UPDATE 1-Irish c.bank chief slams govt cap on bankers' pay	AFX UK Focus
DUBLIN, Nov 19 (Reuters) - New Irish central bank Governor Patrick Honohan opposes the government's policy of imposing a cap on top banking executives' pay, he was quoted by a newspaper on Thursday as saying. `Pressured by voters' anger with banks for contributing to the rapid fall from the 'Celtic Tiger' boom, Dublin imposed a salary cap on bankers as part of the rescue of top lenders including Allied Irish Banks and Bank of Ireland .` `Honohan, who took over at the helm of the central bank in September, suggested salary limits could make it difficult to provide the incentives needed to recruit the best people.` `"Around the world, people are becoming less keen on absolute ceilings on earnings," Honohan told the Irish Independent in an interview conducted on Monday. "If you do that, you can end up losing the people you want to keep."` `On Wednesday, Allied Irish Banks ended a row with the government over executive appointments and pay, installing Colm Doherty as managing director with a salary of 500,000 euros ($750,000), the highest allowed under the terms of the bank's state bailout.` `"The focus in other countries is already on reducing the payment of short-term bonuses, before the consequences of executive decisions become clear," Honohan said. "We have to try to align the incentives for chief executives of banks with the common good of the community."` `Ireland is about to pay 54 billion euros in bonds to cleanse banks of risky property loans via a "bad bank", the National Asset Management Agency (NAMA), with the bonds to be cashed in by the European Central Bank.` `The Independent said Honohan disagreed with the suggestion that Irish banks would require emergency ECB support for the indefinite future.` `"The Irish banks are not getting special treatment," Honohan said. "They have lots of good collateral that they can use for normal loans from the ECB. I think the 54 billion in NAMA bonds will be of more use in the wider financial markets, because they are government guaranteed."` `(Reporting by Andras Gergely; Editing by Kim Coghill and Victoria Main) ($1=.6680 Euro) Keywords: IRELAND BANKS/` (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Thu 08:09	CIBC eyes Allied Irish Banks' M&T stake -report	AFX UK Focus
DUBLIN, Nov 19 (Reuters) - Canadian Imperial Bank of Commerce (CIBC) is interested in buying Allied Irish Banks' minority stake in U.S. lender M&T Bank Corp , the Irish Independent reported on Thursday. `Allied Irish Banks declined to comment. A spokesman for CIBC didn't immediately answer calls for comment.` `Allied Irish said in August it had received an approach from a third party for a minority stake and two sources familiar with the matter said the interest came from Canada.` `After Royal Bank of Canada, Canada's largest bank, denied it was the suitor, No. 5 Canadian Imperial Bank of Commerce emerged as one of the most likely candidates for a potential deal.` `CIBC then said it did not comment on rumours or market speculation.` `The Irish Independent, quoting unnamed sources, said Allied Irish continued to be "circled" by CIBC.` `"However, it is believed that CIBC, which first emerged as an interested party last August, is more interested in AIB's 24 percent stake in U.S. bank M&T than in taking a strategic holding in the group itself," the paper added.` (Reporting by Andras Gergely; Editing by David Holmes) Keywords: ALLIEDIRISHBANKS/ (andras.gergely@reuters.com; +35315001529; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Thu 06:59	Irish c.bank chief opposes banker salary caps -newspaper	AFX UK Focus
DUBLIN, Nov 19 (Reuters) - New Irish central bank Governor Patrick Honohan opposes the government's policy of imposing a cap on top banking executives' pay, the Irish Independent quoted Honohan as saying in an interview on Thursday. `"Around the world, people are becoming less keen on absolute ceilings on earnings," Honohan told the paper. "If you do that, you can end up losing the people you want to keep."` `On Wednesday, Allied Irish Banks ended a row with the government over executive appointments and pay, installing Colm Doherty as managing director with a salary of 500,000 euros, the highest allowed under the terms of the bank's state bailout.` (Reporting by Andras Gergely; Editing by Kim Coghill) Keywords: IRELAND BANKS/ (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Wed 22:44	UPDATE 2-MOVES-Citi, JPMorgan, Allied Irish Banks	AFX UK Focus
(Adds JPMorgan and International Capital Market Association) `Nov 18 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, e-mail moves@thomsonreuters.com.` `(Adds Citi)` CITIGROUP `Citigroup has appointed six regional heads to assist Wilhelm Schulz in growing its mergers and acquisitions business in Europe, the Middle East and Africa, according to an internal memo seen by Reuters. For more details` `JPMORGAN CHASE & CO` `JPMorgan appointed Jesper Koll, a former Merrill Lynch economist, to head its Japanese equity research division. Koll will take up the post at JPMorgan Securities Japan Co with effect from Dec. 1.` ALLIED IRISH BANKS `Allied Irish Banks board member Colm Doherty is to take over as group managing director with immediate effect, Prime Minister Brian Cowen said, confirming earlier reports.` THE PEARL GROUP `Closed fund operator The Pearl Group appointed Daniel Godfrey to the new position of head of corporate communications.` LASALLE INVESTMENT MANAGEMENT `LaSalle Investment Management appointed Uwe Rempis as head of asset management northern Europe.` THE INTERNATIONAL CAPITAL MARKET ASSOCIATION `The International Capital Market Association (ICMA) appointed John Eldredge, Massimo Mocio and Tim Skeet to the board of the Association with immediate effect.` (Compiled by Fareha Khan in Bangalore) Keywords: FINANCIAL/MOVES (fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: fareha.khan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Wed 14:20	UPDATE 1-MOVES-JPMorgan, Allied Irish Banks	AFX UK Focus
(Adds JPMorgan and International Capital Market Association) `Nov 18 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, e-mail moves@thomsonreuters.com.` `JPMORGAN CHASE & CO` `JPMorgan appointed Jesper Koll, a former Merrill Lynch economist, to head its Japanese equity research division. Koll will take up the post at JPMorgan Securities Japan Co with effect from Dec. 1.` ALLIED IRISH BANKS `Allied Irish Banks board member Colm Doherty is to take over as group managing director with immediate effect, Prime Minister Brian Cowen said, confirming earlier reports.` THE PEARL GROUP `Closed fund operator The Pearl Group appointed Daniel Godfrey to the new position of head of corporate communications.` LASALLE INVESTMENT MANAGEMENT `LaSalle Investment Management appointed Uwe Rempis as head of asset management northern Europe.` THE INTERNATIONAL CAPITAL MARKET ASSOCIATION `The International Capital Market Association (ICMA) appointed John Eldredge, Massimo Mocio and Tim Skeet to the board of the Association with immediate effect.` (Compiled by Fareha Khan in Bangalore) Keywords: FINANCIAL/MOVES (fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800 Reuters Messaging: fareha.khan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Wed 11:49	MOVES-LaSalle Investment Management, Pearl Group	AFX UK Focus
Nov 18 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, e-mail moves@thomsonreuters.com. LASALLE INVESTMENT MANAGEMENT `LaSalle Investment Management appointed Uwe Rempis as head of Asset Management Northern Europe.` THE PEARL GROUP `Closed fund operator The Pearl Group appointed Daniel Godfrey to the new position of head of Corporate Communications.` ALLIED IRISH BANKS `Allied Irish Banks board member Colm Doherty is to take over as group managing director with immediate effect, Prime Minister Brian Cowen said, confirming earlier reports.` (Compiled by Fareha Khan in Bangalore) (fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800 Reuters Messaging: fareha.khan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Wed 11:35	Irish PM confirms Doherty to lead Allied Irish	AFX UK Focus
DUBLIN, Nov 18 (Reuters) - Allied Irish Banks board member Colm Doherty is to take over as group managing director with immediate effect, Prime Minister Brian Cowen said on Wednesday, confirming earlier reports. `Also, as widely expected, Cowen said Chairman Dan O'Connor will take on executive duties on a temporary basis, while Michael Somers, currently chief executive of Ireland's debt agency, would become Allied Irish's deputy chairman.` `(Reporting by Andras Gergely; editing by Elaine Hardcastle) Keywords: ALLIEDIRISHBANKS/EXECUTIVES` (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Wed 11:34	Corrigan to take over at helm of Irish debt agency	AFX UK Focus
DUBLIN Nov 18 (Reuters) - Michael Somers will retire on Dec. 3 as head of Ireland's debt agency after leading the National Treasury Management Agency (NTMA) since its inception in 1990, the NTMA said, confirming what a source told Reuters last week. `John Corrigan, head of the National Pensions Reserve Fund operating within the NTMA, will replace Somers, who will in turn become deputy chairman of Allied Irish Banks.` (Reporting by Andras Gergely) Keywords: IRELAND DEBT/CEO (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Wed 10:57	Allied Irish Banks - AIB announces board and executive appointments	RNS
RNS Number : 6915C Allied Irish Banks PLC 18 November 2009 For Immediate Release 18th November 2009 AIB announces board and executive appointments Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] has today announced the following appointments:- Dan O'Connor, currently Non-Executive Chairman of AIB, is to take on the role of Executive Chairman on a temporary basis in order to oversee the Group's work on the completion of the key tasks of capital raising, the implementation of NAMA and the EU restructuring plan. Colm Doherty, formerly Managing Director, AIB Capital Markets, has been appointed AIB Group Managing Director. Mr. Doherty will take up his new role as Group Managing Director with immediate effect. Mr Doherty will be responsible for the day to day running of the Group. He has agreed to take up his new role for a salary of EUR500k. His contractual remuneration package will therefore be considerably lower than applied in the past to the Chief Executive Officer role, or indeed to Mr. Doherty's previous role in AIB, reflecting his personal commitment to the Bank and its future. AIB Group Chief Executive, Eugene Sheehy, is to retire on 30 November. These appointments are part of a wider series of management changes with the emphasis on attracting new external talent. This will deliver the vital combination of internal and external experience and perspective necessary to ensure that AIB's culture, structure and management team is ideally equipped to lead the Group through this critical period. These include:- Dr Michael Somers, Chief Executive of The National Treasury Management Agency, will be appointed to the AIB Board as Deputy Chairman. He will also Chair the AIB Board Risk Committee. Dr Somers will take up his new post on completion of the Regulatory approval process. David Pritchard, currently AIB Deputy Chairman, is to step down from that post. The Board would like to express their thanks to Mr. Pritchard who will be retaining his role as Senior Independent Director. The key Executive functions of Group Finance Director and Group Chief Risk Officer are also to be filled by external appointments. Following the finalisation of NAMA and the EU restructuring plan (expected in mid-2010), the AIB Board, Executive Chairman and Group Managing Director, in consultation with the Minister for Finance and other stakeholders, will conduct an assessment of the AIB Group Management structure. The purpose of this will be to determine whether the management format announced today remains relevant to the challenges and requirements of the new environment. Ends - For further information please contact: `Alan Kelly Catherine Burke` General Manager, Group Finance Head of Corporate Relations `AIB Group AIB Group` `Dublin 4 Dublin 4` `Tel: +353-1-641 2162 Tel: +353-1-641 3894` This information is provided by RNS The company news service from the London Stock Exchange END BOAILFEILELTLIA More
Wed 07:28	BRIEF-Allied Irish Banks increases bad debt charge f'cast	AFX UK Focus
DUBLIN, Nov 18 (Reuters) - Allied Irish Banks PLC: RESULTS FOR 2009 ARE EXPECTED TO REFLECT SOLID OPERATING PROFITS BEFORE BAD `debt provisions` BAD DEBT CHARGE WILL BE WEIGHTED TO THE LOANS THAT HAVE BEEN IDENTIFIED FOR `potential transfer to nama` CONTINUE TO ACTIVELY CONSIDER THE RANGE OF POTENTIAL SOURCES OF ADDITIONAL `capital` EXPECTED UNDERLYING OPERATING PROFIT OF AROUND E2BN IN 2009 BEFORE BAD DEBT `provisions` EXPECT THE NET INTEREST MARGIN TO REDUCE BY AROUND 25 BASIS POINTS (BPS) FROM `221 bps in 2008` INCREASE IN CRITICISED LOANS IN H2 EXPECTED SIGNIFICANTLY LESS THAN THE E18BN `increase in the first half` EXPECT BAD DEBT CHARGE FOR 2009 TO BE AROUND E5.3BN, WITH THE INCREASE `predominantly on the E24BN nama portfolio` NO MATERIAL CHANGE OTHER THAN TIMING TO ASSESSMENT OF THE COMBINED EFFECT OF `nama writedowns` NO REASON TO BELIEVE AVERAGE DISCOUNT APPLICABLE TO AIB'S NAMA ELIGIBLE LOANS `will fall significantly outside 30%` EC RESTRUCTURING PLAN HAS BEEN SUBMITTED IN RECENT DAYS (Dublin Newsroom; + 353 1 500 1529) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Wed 07:02	Allied Irish Banks - Trading Statement	RNS
RNS Number : 6795C Allied Irish Banks PLC 18 November 2009 Embargo 07:00 18th November 2009 Allied Irish Banks, p.l.c. INTERIM MANAGEMENT STATEMENT Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] is issuing the following update on business and key performance trends. Please note that all trends in the update are in constant currency terms. OVERVIEW Our financial results for 2009 are expected to reflect solid operating profits before bad debt provisions set against a background of a very difficult operating environment. We expect operating profit to be achieved in all divisions - Republic of Ireland, Capital Markets, UK and CEE. The bad debt charge will be heavily weighted to the loans that have been identified for potential transfer to NAMA over the coming months. These loans are predominantly in our Republic of Ireland and, to a much lesser extent, UK divisions. Excluding the Republic of Ireland, the other three divisions collectively are expected to remain profitable this year underlining the importance of international diversification. It is expected that Capital Markets and CEE have little or no assets that will transfer to NAMA. M&T continues to perform well relative to its US regional banking peers and its Q3 financial performance exceeded market consensus expectations. Our principal source of funding continues to be our stable customer deposits which at the end of September comprised 50% of our total funding, up 1% since the end of June. In wholesale markets, liquidity is significantly better than in the early part of the year as illustrated by a wider range of counterparties, increased balances across our global funding programmes and our recent un-guaranteed senior debt issues in the public markets. We are experiencing modest improvement in pricing, particularly for shorter duration funding, although term pricing remains elevated and conditions are more challenging than historic norms. Our capital ratios continue to exceed minimum regulatory requirements and we continue to actively consider the range of potential sources of additional capital as outlined in our statement of 16th September. OPERATING PROFIT Diverse multi-national sources of income and intense management of our cost base is driving an expected underlying operating profit of around EUR2bn in 2009 before bad debt provisions. Capital Markets continues to perform very strongly; operating profit from this division is expected to be ahead of the level achieved in 2008 and to be the largest divisional contributor to group profit. The quality of our Polish business and the relatively positive economic conditions in which it is operating is likely to result in a broadly similar operating profit in 2009 relative to 2008. Income pressure and most particularly the cost of customer deposits is the key driver of reduced operating profits in our Republic of Ireland and United Kingdom divisions. Loan and deposit volumes Weak demand for credit is likely to result in year end gross customer loans being broadly in line with last year. Increased impairment however is expected to reduce year on year net customer lending by around 4%. The low level of demand is most apparent in Ireland despite our reaffirmed commitment to our domestic market. For example, we anticipate providing around EUR2bn of new lending this year to our SME customers, delivered through our extensive branch network, 15 dedicated business centres and 250 relationship managers. We are providing 1 in 3 of all new mortgages and first time buyer drawdowns are currently up this year by around 28%. We are targeting a small increase in our Polish book as we take higher return opportunities, particularly in the personal market. In other international markets our priority continues to be on de-leveraging the balance sheet. At our half year results presentation we said customer deposits had stabilised following outflows in the first quarter of 2009. This stability has continued and the full year balance is expected to increase over the half year level. Margins We expect the net interest margin to reduce by around 25 basis points (bps) from 221 bps in 2008. The primary negative catalyst continues to be the cost of customer deposits partly offset by improving returns on our loan book and higher treasury margins. `Non-Interest Income` Lower fees from banking activity, investment banking and asset management and the cost of the Government Guarantee Scheme will reduce non-interest income in 2009, partly offset by some bond disposal gains. Overall, we expect non-interest income to reduce this year by over 10%. `Costs` Further and ongoing savings are being achieved and are continuing the downward trend in costs. In 2009 we are targeting costs to fall by around 5% following the 5% reduction already achieved in 2008. A key driver of this improving trend is the number of people employed which has reduced by over 1,500 in the 9 months to September on a full time equivalent basis. All expense categories across the group are subject to scrutiny and review as we develop further savings initiatives. ASSET QUALITY Deterioration in our overall loan book continues but the pace of that deterioration is slowing. This trend reflects the significant portion of the book already criticised rather than a material improvement in the quality of the book or operating conditions. The increase in criticised loans in the second half of 2009 is expected to be significantly less than the EUR18bn increase in the first half. Additions to impaired loans continue to be heavily weighted to those previously indicated property & construction exposures that may transfer to NAMA. At our half year results presentation we said that a bad debt charge outlook figure for 2009 was likely to be overtaken by the implementation of the first phase of NAMA. Accordingly we did not revise the previously guided figure of EUR4.3bn provided in May. We did however note that in light of the continuing deterioration in the economies in which we operate, particularly in Ireland, the risk to that figure of EUR4.3bn was that it would be higher. We now expect the bad debt charge for 2009 to be around EUR5.3bn, with the increase predominantly on the EUR24bn portfolio indicated in September by the Minister for Finance that may transfer to NAMA. Of that EUR24bn portfolio, c. EUR6.7bn was impaired at the half year and we expect the impaired element to have increased at year end by c. EUR3.8bn to EUR10.5bn. In our statement of 16th September our estimate of balance sheet provisions at the end of 2009 for NAMA loans was c. EUR3.5bn. We now expect those provisions to be c. EUR4.2bn. Accordingly, there is no material change other than timing to our assessment of the combined effect of NAMA writedowns and bad debt charges on our profit and capital. An outline estimated profile of the EUR24bn loans indicated in September that may transfer to NAMA is as follows: `Landbank & Development Associated Total` `EURbn EURbn EURbn` `Republic of Ireland 14.2 6.4 20.6` `United Kingdom 2.6 0.7 3.3` `Rest of World 0.2 - 0.2` `17.0 7.1 24.1` `Performing at 30th June 2009 c. 17.4` `Impaired at 30th June 2009 c. 6.7` `Forecast performing at 31st December 2009 c.13.6` `Forecast impaired at 31st December 2009 c.10.5` `Balance sheet provisions at 30th June 2009 c. 2.3` `Forecast balance sheet provisions at 31st December 2009 c. 4.2` We continue to work closely with the NAMA team. In our statement of 16th September we noted that the Minister guided an average industry wide discount of 30% for NAMA eligible loans and had stressed the variability between banks. Based on our work to that point, we said then that we expected the discount for AIB loans that may transfer to NAMA to be less than the estimated industry wide average of 30%. The actual outcome however can only be known following an extensive exercise in which those loans are individually valued on a case by case basis by NAMA. We expect to provide an updated estimate of the likely effect on AIB when there is more clarity on matters such as the final amount of loans to be transferred, pricing and transfer timing of loans, fees payable to AIB, fair value of the consideration to be received and due diligence is completed. In the meantime, it is our view that there is no reason to believe that the average discount applicable to AIB's NAMA eligible loans will fall significantly outside the Minister's guidance of 30%. Following the expected enactment of the NAMA legislation an application by AIB to participate in the NAMA bank asset acquisition scheme is to be considered by our shareholders at an EGM to be convened shortly. In our Republic of Ireland division loan book of around EUR78bn, c. EUR57bn is "non-NAMA" of which around EUR27bn is in personal mortgages. Recent reviews show some signs of stabilisation and the overall provision requirement in the portfolios comprising the aforementioned EUR57bn has not materially increased since the half year. At the end of 2009 the EUR27bn mortgage portfolio is expected to include close to EUR500m of impaired loans and have balance sheet provisions of c. EUR125m. The remaining EUR30bn of the pro-forma Republic of Ireland division loan book is expected to include impaired loans of c. EUR3.7bn and will have balance sheet provisions of c. EUR1.8bn. In our other divisions - Capital Markets, UK and CEE, there are signs of stabilisation and in the second half of 2009 we are expecting the bad debt provision charges to be lower in Capital Markets & CEE and broadly similar in the UK relative to the charges incurred in the first half to June. Impaired loans and bad debt charges are clearly higher than in previous years, reflecting more difficult conditions in all markets and the prudent balance sheet provisions in each division reflects these conditions. In the UK, property & construction (including EUR3.3bn of aforementioned loans that could transfer to NAMA) and leisure are the sectors receiving our particularly close attention. Leveraged transactions in Capital Markets and property and consumer loans in Poland are also being tightly managed. FUNDING As already noted, our customer franchise deposits are a stable and growing part of our overall funding. Our customer loan to deposit ratio was at 152% at the end of September, down from 156% at the end of June and we continue to target a progressive reduction in this ratio. NAMA will be a major liquidity event in the Irish market, materially reducing loan to deposit ratios and the NAMA bonds received as consideration for loans that may be transferred to NAMA would substantially increase our level of qualifying liquid assets. Our level of qualifying liquid assets / contingent funding was EUR54bn at the end of September. Our recent success in sourcing non Government guaranteed and unsecured deposits represents a key positive change in market sentiment. In recent weeks we have raised a total of EUR1.75bn of term funding in 2 separate bond issues for 3 years and 5 years respectively. There was strong demand for both issues, which were heavily oversubscribed by a wide range of overseas investors. Agreement on the terms and conditions of a modified Government guarantee is expected shortly. The fee is expected to be higher than that for the existing guarantee, although applicable to what we anticipate will be an increasingly lower level of covered liabilities. CAPITAL Our core tier 1 capital ratio at the end of September was c. 8.5% and reflected the accelerated timing of bad debt provisions on the loans that may transfer to NAMA. In our 16th September statement we referred to our intention to raise capital over the next 12/18 months and we outlined the potential sources of that capital - the equity market, a strategic investment and asset sales / business disposals. In that statement we also acknowledged the Government's intent to assist and support capital raising measures and its appreciation that such measures should be taken over a reasonable timeframe. Our firm intention and resolve to strengthen our capital position is unchanged. Market expectations and regulatory requirements for banks to hold higher levels of capital continue to evolve and in that context we are reviewing the quantum and ratios appropriate for AIB. In the 3 months to the end of September our shareholders' equity increased by c. EUR333m, due to an increase in the fair value of Available for Sale securities. INTERACTION WITH EUROPEAN COMMISSION (EC) The EC will consider over the coming months the competitive effects of state aid on our business and markets. We are engaging constructively with the EC and our restructuring plan has been submitted in recent days and accordingly consideration of potential outcomes is premature at this very preliminary stage. Further details of our performance and outlook will be provided in our 2009 Preliminary Results announcement scheduled for 3rd March 2010. ENDS- For further information please contact: `Alan Kelly Catherine Burke` General Manager, Group Finance Head of Corporate Relations `AIB Group AIB Group` `Dublin 4 Dublin 4` `Tel: +353-1-641 2162 Tel: +353-1-641 3894` Forward-looking statements This document contains certain "forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Exchange Act of 1934, as amended, regarding the belief or current expectations of the Group, AIB's Directors and other members of its senior management about the Group's financial condition, results of operations and business of the Group and certain of the plans and objectives of the Group, including statements relating to possible future write-downs or impairments. In particular, certain statements with regard to management objectives, trends in results of operations, margins, risk management, competition and the impact of changes in Financial Reporting Standards are forward-looking in nature. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward looking statements sometimes use words such as 'may', 'could', 'would, 'will, 'aim', 'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', or other words of similar meaning. Examples of forward-looking statements include, among others, statements regarding the Group's future financial position, income growth, business strategy, projected costs, capital position, estimates of capital expenditures, and plans and objectives for future operations. Because such statements are inherently subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking information. These forward-looking statements are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of AIB and are difficult to predict, that may cause actual results to differ materially from any future results of developments expressed or implied from the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, changes in economic conditions globally and in the regions in which the Group conducts its business, changes in fiscal or other policies adopted by various governments and regulatory authorities, the effects of competition in the geographic and business areas in which the Group conducts its operations, the ability to increase market share and control expenses, the effects of changes in taxation or accounting standards and practices, acquisitions, future exchange and interest rates, the risk that the Group may not participate in NAMA or that the NAMA Scheme may turn out to be unsuccessful in achieving its goals, the lack of control over the nature, number and valuation of the assets to be transferred to NAMA and the success of the Group in managing these events. The Group cautions that the foregoing list of important factors is not exhaustive. Investors and others should carefully consider the foregoing factors and other uncertainties and events when making an investment decision based on any forward-looking statement. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this Report may not occur. The forward-looking statements speak only as of the date of this document. Except as required by the Irish Financial Regulator, the Irish Stock Exchange, the UK Financial Services Authority, the London Stock Exchange or applicable law, AIB does not have any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, further events or otherwise. AIB expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained in this document or incorporated by reference to reflect any change in AIB's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. This information is provided by RNS The company news service from the London Stock Exchange END TSTQVLBFKFBXFBK More
Tue 17:03	Ireland tells Allied Irish Banks to obey salary cap	AFX UK Focus
DUBLIN, Nov 17 (Reuters) - Ireland's finance minister turned down a request from Allied Irish Banks to exceed an executive salary cap imposed under a state rescue scheme earlier this year. `Allied Irish Chief Executive Eugene Sheey said in April he would retire as soon as a successor was found and the bank is now set to name board member Colm Doherty as managing director, with Chairman Dan O'Connor taking on executive duties.` `The Irish Times, citing sources with knowledge of the bank's plans, said on Tuesday the bank wanted to pay Doherty 633,000 euros ($943,000), above the government's cap of 500,000 euros.` `Finance Minister Brian Lenihan gave no detail on Doherty's case but said he had received a proposal by Allied Irish to exceed the salary limit for one of its executives and the request had been rejected at a cabinet meeting on Tuesday.` `"I can tell you that the government are not willing to break with the established guideline in this case," Lenihan told RTE radio.` `The government, which holds indirect 25 percent stakes in Allied Irish and in rival Bank of Ireland after a bailout, has imposed a cap on bankers' salaries as it grappled with twin fiscal and banking crises.` `"We have an adjustment to make as a country and banks have to be part of that adjustment," Lenihan added.` `Lenihan, who said last week Allied Irish would get an "internal management team", acknowledged the salary cap had been a reason why some external candidates had turned the job down.` `Rival Bank of Ireland, which like Allied has received a 3.5 billion euro state bailout, was widely criticised earlier this year for choosing a new CEO from among its own ranks instead of bringing in a fresh face.` (Reporting by Antonella Ciancio; Editing by Andras Gergely and David Holmes) ($1=.6712 Euro) Keywords: IRELAND BANKS/PAY (antonella.ciancio@reuters.com; Reuters Messaging: antonella.ciancio.reuters.com@reuters.net; +353 1 500 1518) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Tue 11:40	Irish president to receive "bad bank" bill Tuesday	AFX UK Focus
DUBLIN, Nov 17 (Reuters) - Ireland's government is expected to send legislation establishing a 54 billion euro ($80 billion) "bad bank" to President Mary McAleese later on Tuesday, a spokesman for the finance ministry said. `"She has five to seven days then to approve it," the spokesman said.` `Investors earlier sold off shares in top Irish banks on concerns about the slow progress of the legislation, which parliament approved last Thursday.` (Reporting by Andras Gergely; Editing by Dan Lalor) ($1 = 0.6712 euro) Keywords: IRELAND BANKS/ (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Tue 08:13	PRESS DIGEST - Ireland - November 17	AFX UK Focus
DUBLIN, Nov 17 (Reuters) - These are some of the leading stories in Ireland's newspapers on Tuesday. Reuters has not verified these stories and cannot vouch for their accuracy: THE IRISH TIMES Senior Allied Irish Banks executive Colm Doherty, who will shortly be appointed managing director of the bank, will not be forced to take a salary cut to meet the government's cap of 500,000 euros for top bankers. The government has decided to mount a vigorous campaign over the next three weeks in support of its strategy of spending cuts, following today's debate in the Dail (lower house of parliament) on options for the budget on December 9th. IRISH INDEPENDENT Cider production in Ireland fell 0.6 percent in the 12 months to the end of September, Davy Stockbrokers said yesterday, citing new customs and excise figures. A congregation wept and cheered when their beloved priest delivered the bombshell that he had tendered his resignation because he had fallen in love. IRISH EXAMINER Unions will close schools and shut down hospital services for at least a further day after next week's strike, unless the Government offers guarantees on their members' pay. Irish Life & Permanent (IL&P) could see its share value significantly increase, potentially up to 10 euros per share, if its banking arm Permanent TSB merges with EBS and the Irish Nationwide Building Society (INBS) next year. Looking for more information from local sources? Reuters Business Briefing has five Irish sources including Irish Times. For details of the product please call your local help desk . ($1=.7562 Euro) ($1=.7598 Euro) (Dublin newsroom + 353 1 500 1550, fax + 353 1 500 1551, dublin.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Tue 00:16	Irish rents fall 18 pct in year to Oct -website	AFX UK Focus
DUBLIN, Nov 17 (Reuters) - Rents in Ireland fell by 18.4 percent in the 12 months to the beginning of October, reaching their lowest level in almost a decade, property website Daft.ie said on Tuesday. `The average rent fell to 771 euros in October from over 1,000 euros a year earlier. In the three months to September, rents fell 4 percent, the smallest quarterly fall in rents since the third quarter of 2008, Daft.ie said.` `"While the number of properties available to rent is still at an all-time high, it would appear that these latest price falls are starting to have a positive effect on supply," said Daft.ie, which advertises nine out of every 10 properties for sale in Ireland.` `"In Dublin, where drops have been higher than average, the total number of properties available to rent fell by almost 8 percent in the past 3 months alone," Daft.ie economist Ronan Lyons said.` `The bursting of a property bubble has pushed Ireland from 'Celtic Tiger' boom to one of the deepest recessions in the industrialised world, with economists polled by Reuters expecting house prices to keep falling sharply into 2010.` `An eventual recovery in the property market is one of the underlying assumptions for the success of the government's 54 billion euro "bad bank" scheme, the National Asset Management Agency (NAMA).` `Finance Minister Brian Lenihan has said property prices would have to rise by less than 10 percent over the next 10 years for NAMA to break even.` `"These recent falls in rent have pushed the average rental income back to levels last seen in 2000, which has much wider implications," Lyons said.` `"NAMA was predicated on rents and yields remaining high between now and 2020," Lyons said. "However currently the yield on residential property has risen by just 0.1 percent in the last year, to 3.4 percent on average, compared to the NAMA benchmark of 6 percent."` `(Reporting by Andras Gergely) Keywords: IRELAND ECONOMY/PROPERTY` (andras.gergely@reuters.com; +35315001529; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
13-11-09	FBD Holdings PLC - Holding in Company Form TR1	RNS
RNS Number : 5185C FBD Holdings PLC 13 November 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of `existing shares to which voting rights are attached: FBD Holdings plc` 2. Reason for the notification (please tick the appropriate box or boxes): `X` An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) Allied Irish Banks,` `subject to the notification p.l.c. and its` `obligation: subsidiaries` 4. Full name of shareholder(s) (if different from 3.): 5. Date of the transaction and 11 November 2009 date on which the threshold is crossed or reached: `6. Date on which issuer 13 November 2009` notified: `7. Threshold(s) that is/are Below 3%` crossed or reached: 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting rights` `of of of shares rights` `Shares Voting` `Rights` `Direct Direct Indirect Direct Indirect` `IE0003290289 1,012,455 1,012,455 971,188 971,188 Nil 2.92% Nil` Ordinary Shares of EUR0.60 each B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date Conversion rights that may be rights` `Period acquired if the` `instrument is` `exercised/` `converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights` `instrument price date Conversion rights instrument` `period refers to` `Nominal Delta` Total (A+B+C) Number of voting rights Percentage of voting rights `971,188 2.92%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: `Registered Holder Class of Security No. of shares Held` `Bank of New York Nominees Ordinary Shares Euro 0.60 cent each 47,360` Limited `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 194,396` (Ireland) Ltd 184062 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 7,462` (Ireland) Ltd 184219 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 18,806` (Ireland) Ltd 184234 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 37,154` (Ireland) Ltd 184235 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 252,188` (Ireland) Ltd 184321 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 13,161` (Ireland) Ltd 184344 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 733` (Ireland) Ltd 184346 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 2,716` (Ireland) Ltd 184347 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 25,838` (Ireland) Ltd 184615 `BNY Custodial Nominees Ordinary Shares Euro 0.60 cent each 8,351` (Ireland) Ltd 184620 `Nortrust Nominees Limited Ordinary Shares Euro 0.60 cent each 103,765` `Alibank Nominees Limited A/C Ordinary Shares Euro 0.60 cent each 350` T17108 Goodbody Stockbrokers Nominees Ordinary Shares Euro 0.60 cent each 258,907 Ltd `AIB Services Limited Ordinary Shares Euro 0.60 cent each 1` `Total AIB Holdings 11 November 2009 971,188` Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Done at AIB, Bankcentre, Ballsbridge, Dublin 4 `on 13 November 2009` This information is provided by RNS The company news service from the London Stock Exchange END HOLFFAFMDSUSEFF More

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