AIB and EBS fined €615,000 by ECB

Sanctioned for regulatory breaches relating to its capital requirements

It is understood AIB will not be appealing the ruling despite having the right to do so.

AIB has been fined a total of €615,000 by the European Central Bank (ECB) for regulatory breaches relating to its capital requirements.

The breaches related to a miscalculation of the banking group’s risk-weighted asset exposures over nine consecutive quarters spanning 2014 to 2016. The fines cover both AIB and its subsidiary EBS.