AIB said it will hold its AGM on April 29, but due to the Covid-19 crisis the proceedings will  be conducted via a live conference call from its headquarters at 10 Molesworth Street in Dublin 2. 

The bank said the new arrangements are being put in place to protect the wellbeing of its staff and its shareholders. 

Given the recommendation of the European Central Bank, AIB also said it no longer intends to seek shareholder approval for the payment of the final dividend for 2019 and the relevant AGM resolution is being withdrawn.

The ECB move, announced on Friday, is aimed at boosting the capacity of banks to lend to households and businesses.

In a statement today, AIB said it continues to have capital ratios materially in excess of minimum regulatory requirement

"AIB is strongly capitalised and well positioned to support the Irish economy and our customers at this critical time," its CEO Colin Hunt said. 

"As the health and safety of everyone is our top priority, we hope that shareholders will understand the constrained circumstances under which our AGM must take place this year," Mr Hunt said. 

He said that AIB is fully focused on supporting its customers and the wider economy through this unprecedented crisis.

"I encourage any of our customers who have any queries or concerns to please get in contact with us," he added.

Meanwhile, Bank of Ireland, Belgian lender KBC Bank and Italy's Unicredit also said today that they were suspending dividend payments for now.