AIB Group plc

Good morning and welcome to AIB Group PLC Q1 2026 Trading Update Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers have marked, there will be a question and answer session. If you would like to ask a question, please press star 1 1 on your telephone keypad and wait for a name to be announced. To withdraw a question, please press star 1 and 1 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, Chief Executive Officer Colin Hunt and Chief Financial Officer Donald Garvin. Mr. Hunt, please go ahead.

Thank you, Nadia. Good morning, all, and thank you for joining us on our Q1 call. I have Donald with us, as Nadia said, this morning, and we will both be available to take your questions very shortly. But I'd like to make some brief introductory remarks. We're very pleased with the performance of the business in the first quarter, and the group is performing very much in line with our own expectations. We entered 2026 with great momentum, and that has been maintained in terms of actuals and outlook, and I'm particularly pleased with loan growth of 1.7% in the quarter, and with a strong pipeline now building before us, we're confidently reiterating our guidance for 2026. We're seeing a strong performance right the way across the franchise as the group fires on all cylinders. And the strength of the performance that we're reporting today reflects the ongoing resilience of the Irish economy in the face of marked geopolitical uncertainty. So with almost a third of the year now behind us, we can comfortably assert that we are confident in our ability and in our outlook for 2026 and beyond, as well as in our ability to deliver strong sustainable returns to our shareholders today, tomorrow, and over the medium term. I'll stop there, and I'll turn over to you for your questions.

Thank you. Dear participants, as a reminder, if you would like to ask a question, please press star, one, one, on your telephone keypad. And now we're going to take our first question. And it comes from Dennis McGoldrick from Goodbody. Your line is open. Please ask your question.