# Commission Decision (EU) 2015/218 of 7 May 2014 on the State aid Nos SA.29786 (ex N 633/09), SA.33296 (11/N), SA.31891 (ex N 553/10), N 241/09, N 160/10 and SA.30995 (ex C 25/10) implemented by Ireland for the restructuring of Allied Irish Banks plc and EBS Building Society (notified under document C(2014) 2638) (Only the English text is authentic) (Text with EEA relevance), Division 8.1: Ireland commits that AIB will actively manage costs so that at 31 December 2015, AIB's:

Extent: E+W+S+N.I.

8.1.1. Annual Operating Expenses will not exceed EUR […] million, which is EUR [200-600] million less than the 2012 equivalent figure reported in the financial reports; and
8.1.2. CIR will not exceed [45-65] %, unless the GDP growth is below 2 % at that time, in which event its CIR will not exceed [50-70] %.

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Source: https://www.legislation.gov.uk/eudn/2015/218/annex/division/1/division/8/division/8.1 (the official version)
Page: https://openlegislation.uk/eu-decision-2015-218/annex/division-1/division-8/division-8.1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.