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AIB, Bank of Ireland to hold more capital under new c.bank buffers

DUBLIN, Dec 8 (Reuters) - Allied Irish Banks (Irish: 30544177.IR - news) and Bank of Ireland (EUREX: 1269463.EX - news) will have to hold more core tier one capital from 2019 under new so-called Other Systemically Important Institutions (O-SIIs) buffers, Ireland (Other OTC: IRLD - news) 's Central Bank said on Tuesday.

The O-SII (LSE: 0MVM.L - news) buffer rate for Ireland's two largest banks will be set at 1.5 percent of risk-weighted assets and phased in at a rate of 0.5 pct from July 2019, which the bank said was broadly in line with what has been set in other European countries.

The new countercyclical capital buffer (CCB (HKSE: 0939-OL.HK - news) ) -- a second macro-prudential tool introduced under EU regulations -- has been set at 0 percent for the first quarter of 2016 and will be reviewed on a quarterly basis. Ordinarily the rate can be set between 0 and 2.5 percent.

(Reporting by Padraic Halpin)