Central Bank of Ireland Statement on Announcement by Minister for Finance on Recapitalisations of AIB, Bank of Ireland and EBS Building Society The Central Bank of Ireland notes the announcement by the Minister for Finance that the requirement for AIB, Bank of Ireland and EBS to achieve a capital ratio equivalent to 12 percent core tier 1 under the PCAR 2010 base by 28 February 2011 has been extended. All programme deadlines are ultimately the responsibility of the Department of Finance and the Central Bank expects that the timeline will be set early in the life of the new Government. AIB, Bank of Ireland, Irish Life and Permanent and EBS continue to meet ongoing minimum capital requirements. AIB, Bank of Ireland, Irish Life and Permanent and EBS will also be subject, as previously announced, to a PCAR and PLAR which will be completed by the end of March 2011 by the Central Bank. ends
IRISH CENTRAL BANK STATEMENT ON RECAPITALIZATION DEADLINE
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