Bank of Ireland Financial Overview
Balance sheet
Bank of Ireland
Dec 22
(€bn)
Dec 23
(€bn)
•
Customer loans
72
80
•
Liquid assets
49
44
Other assets
30
32
Total assets
151
156
Customer deposits
99
100
•
Wholesale funding
11
12
Shareholders' equity
11
12
Other liabilities
30
32
Total liabilities
151
156
TNAV per share
Closing EUR/GBP FX rates
€8.63
€9.65
0.89
0.87
•
Dec 22
Dec 23
(€bn)
(€bn)
Liquidity Coverage Ratio
221%
196%
Funding & Liquidity
Funding and liquidity remains strong from stable customer deposits
and MREL issuance
LDR increased (73% to 80%), NSFR reduced (163% to 157%) and LCR
decreased (221% to 196%); the changes in all three ratios primarily
reflect the impact of the KBCI transaction
Customer deposits: €100.2bn
Overall Group customer deposit volumes of €100.2bn at 31 Dec 2023
are €1.0bn higher than 31 Dec 2022, primarily due to growth in Irish
Everyday Banking retail balances, partially offset by a reduction in
corporate and Retail UK deposits
Wholesale funding: €11.8bn
•
€0.6bn higher than Dec 2022 primarily due to MREL eligible senior
debt issuances of €2.25bn, partially offset by MREL eligible senior
debt redemption / maturities of €1.7bn
Capital and MREL requirements primary driver of new wholesale
funding
Tangible Net Asset Value
Net Stable Funding Ratio
163%
157%
•
TNAV increased c.12% to €9.65
Loan-to-Deposit Ratio
73%
80%
27View entire presentation