AIB Group plc (AIBG) Q1 2025 Earnings Call

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WEBVTT 00:00:00.335 -- 00:00:05.380 Ladies and gentlemen, welcome to AAB Group PLC Q1 Trading Update Conference 00:00:05.380 -- 00:00:10.665 Call, hosted by Colin Hunt, Chief Executive Officer, and Donald Galvin, 00:00:10.665 -- 00:00:15.430 Chief Financial Officer. Throughout today's recorded presentation, all participants will 00:00:15.430 -- 00:00:20.234 be in the listen-only mode. You may register for questions at any time by pressing star 00:00:20.234 -- 00:00:25.679 1 on your telephone keypad. And now I'm handing over to AAB CEO, 00:00:25.679 -- 00:00:30.743 who will give some brief opening remarks, and then we will open for Q&A. 00:00:30.743 -- 00:00:35.871 Thank you. Good morning, everybody, and welcome to our trading call 00:00:35.871 -- 00:00:39.496 for the first quarter of 2025. 00:00:39.496 -- 00:00:44.765 Thank you for your time this morning. The business has had a strong opening 00:00:44.765 -- 00:00:50.053 quarter. Our Q1 performance is ahead of plan, and we are reiterating all our 00:00:50.053 -- 00:00:55.221 guidance. We are continuing to grow our loan book prudently and to attract 00:00:55.221 -- 00:01:00.708 new customers, over 500 every single day to AIB, while making significant 00:01:00.708 -- 00:01:03.973 progress on the implementation of our strategy. 00:01:03.973 -- 00:01:09.481 Year-on-year, new lending increased by 14%, of which 38% was green. 00:01:09.481 -- 00:01:13.227 Net interest income was in line with expectations, while net fees and commissions were 00:01:13.227 -- 00:01:18.295 up 7%. Costs were 3% up, in line with guidance, delivering a 00:01:18.295 -- 00:01:23.483 cost-income ratio of 43% in the quarter. We remain exceptionally well-capitalized, 00:01:23.483 -- 00:01:27.987 with the NMARCH CE21 ratio standing at 16.8%. 00:01:28.77...