IRISH CENTRAL BANK STATEMENT ON RECAPITALIZATION DEADLINE

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
 
 
Press spacebar to pause and continue. Press esc to stop.