Ireland's AIB raises FY guidance for net interest income, customer loans and deposits

Nov 4 (Reuters) - AIB Group PLC AIBG.I:

• AIB GROUP PLC - Q3 2026 TRADING UPDATE

• NEW LENDING TO SEPTEMBER UP 17% TO EUR 12.3 BILLION

• UPGRADED FY26 GUIDANCE FOR NII, CUSTOMER LOANS AND DEPOSITS; ALL OTHER GUIDANCE REITERATED

• TOTAL INCOME YEAR-TO-DATE INCREASED 3% ON PRIOR YEAR

• NET INTEREST INCOME (NII) OF EUR 2.87BN, UP 2%; SEPT YTD NIM OF 2.72%

• COSTS UP 3%; COST INCOME RATIO (CIR) 44%; FY26 GUIDANCE UNCHANGED AT C. 2% INCREASE

• MORTGAGE MARKET SHARE 28.4% SEPT YTD (VERSUS 30% AT END-JUNE)

• CONTINUED GROWTH IN CUSTOMER DEPOSITS UP 2.7% TO EUR 120.4BN (DEC 25: EUR 117.2BN)

• CET1 OF 15.7% AT SEPT (JUN 26: 16.1%)

• FY NII IS EXPECTED TO BE > EUR 3.85BN (PREVIOUSLY > EUR 3.8BN)

• FY CUSTOMER LOANS ARE EXPECTED TO GROW BY 5-6% (PREVIOUSLY C. 5%)

• FY CUSTOMER DEPOSITS ARE EXPECTED TO GROW BY 3-4% (PREVIOUSLY C. 3%)

• FTES AT END Q3 2026 WERE 3% LOWER YOY AT 10,017

• OVERALL CREDIT QUALITY REMAINED ROBUST AND A NET CREDIT IMPAIRMENT CHARGE IN LINE WITH EXPECTATIONS WAS RECORDED FOR NINE MONTHS

• CLIMATE & INFRASTRUCTURE CAPITAL DELIVERED STRONG NEW LENDING OF EUR 2.0BN, AN INCREASE OF EUR 0.9BN FOLLOWING LOWER ACTIVITY IN PRIOR YEAR, WITH 67% OF NEW LENDING IN EUROPE AND UK

• CFO SELECTION PROCESS IS WELL ADVANCED AND WE WILL UPDATE MARKET IN DUE COURSE

Further company coverage: AIBG.I