AIB Group plc

Good morning and welcome to the AIB Group Q3 2025 Trending Update conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be question and answer session. To ask a question during the session, you need to press star 11 on your telephone keypad. You will not hear an automatic message advising your hand is raised. To withdraw a question, please press star 11 again. Finally, I would like to advise all participants that this call is being recorded. I will now pass you over to our speakers for today's session, CEO Colin Hunt and CFO Donald Galvin. Mr. Hunt, please go ahead.

Thank you so much, Nadia. Good morning, everybody. We are pleased to report another strong performance in the third quarter of this year, demonstrating the ongoing resilience of our business. On the back of this morning's release and pretty clear visibility now to the end of the year, we are nudging our NII guidance higher to greater than €3.7 billion for the year as a whole. We're reporting 5% growth in new lending to the end of September with some particular strength being seen in personal lending and in our capital markets and UK businesses. Our lending book remains very resilient and we are now guiding our cost of risk for the full year at the lower end of the previously advised 20 basis points to 30 basis points range. The domestic economic backdrop remains supportive of our business and we will enter 2026 with good momentum in terms of both activity and pipeline. I'm going to stop there for the moment and I'm going to open to the floor for questions.

And now we're going to take our first question. And it comes from the line of David Sheridan from Davie. Your line is open. Please ask a question.