AIB Group plc (AIBG) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.786 -- 00:00:06.631 Good morning and welcome to the presentation of our interim results for 2025, our first 00:00:06.631 -- 00:00:11.036 set of results as a fully privatised company in over 15 years. 00:00:11.036 -- 00:00:14.861 As usual, I will spend a few moments reflecting on the highlights of the first half, 00:00:14.861 -- 00:00:19.526 give some time to the economic performance and outlook, and update you on our progress 00:00:19.526 -- 00:00:23.911 on the Group's three strategic priorities before I hand over to Donal who will bring 00:00:23.911 -- 00:00:30.035 us through the financial details and then, as usual, we will open to the floor for questions. 00:00:31.537 -- 00:00:33.720 We're now halfway 00:00:33.720 -- 00:00:38.067 through our current strategic cycle. We're very pleased with the performance of the business 00:00:38.067 -- 00:00:41.332 and are confident in the outlook for this year and beyond. 00:00:41.332 -- 00:00:47.260 In the first half of this year, we delivered a profit after tax of €927 million, 00:00:47.260 -- 00:00:51.243 representing a return on tangible equity of 21.4%. 00:00:51.607 -- 00:00:57.015 We maintained an exceptionally strong capital position with a CET1 ratio of 16.4%, 00:00:57.015 -- 00:01:02.174 while the Irish state exited our share register at the end of the half with total proceeds 00:01:02.174 -- 00:01:05.899 of €20.5 billion to date. 00:01:05.899 -- 00:01:11.104 The state stood behind AIB Group when that support was vital to our continued existence 00:01:11.104 -- 00:01:16.230 as a key part of the country's economic infrastructure, and we remain extremely grateful 00:01:16.230 -- 00:01:19.233 to the taxpayers of Ireland. 00:01:19.233 -- 00:01:23.158 Notwithstanding a significant easing of monetary policy, o...