0911 GMT - AIB Group selling its share in the AIB Merchant Services joint venture will streamline its offering, Davy Research analysts say in a note. The sale will also allow it to use proceeds to pursue growth and return capital to shareholders, Diarmaid Sheridan and Thomas Ryan say. The transaction will benefit CET1 by around 35 basis points, the analysts say. This equates to around 200 million euros of additional surplus capital in the analysts' 2025 forecast, they say. The lender held material surplus capital above its 14% management target prior to the transaction, the analysts say. The company had a CET1 of 16.8% in 1Q, with a proforma CET1 of 17.5% implying around 1.8 billion euros of surplus capital, they say. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

June 06, 2025 05:11 ET (09:11 GMT)

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