HY23 Interim Results Announcement

Bank of Ireland Property and Construction (P&C) P&C lending (€7.9bn)¹ Development €1.0bn 5.1% €0.4bn €3.9bn €3.9bn Investment €7.0bn Investment loan portfolio (€7.0bn) Residential 30% Other 10% 0 P&C loan staging 5.0% €0.4bn Retail 22% Office 38% • €3.4bn €4.2bn Dec 22 Jun 23 ■Stage 1 Stage 2 Stage 3 NPE ratio Irish focused lending with significant equity protection Investment (€7.0bn) Geographical exposure¹ primarily focused on Ireland (68%) and UK (22%), with modest US/other exposure (10%) Portfolio primarily consists of residential, office and retail assets Weighted average LTVS (59%) and interest cover (2.1x) Development (€1.0bn) Development portfolio focused on residential projects (90% of total development book) No planning risk on residential projects and no speculative exposure on commercial projects Asset quality • HY23 net impairment loss of €18m NPEs broadly stable at €0.4bn at HY23 Stage 2 volumes reduced by c.€0.6bn to €3.4bn (42% of the book) reflecting portfolio activity case movements c.30% of book refinancing in next 12 months; pro-active engagement with customers yielding positive results 1 Based on location of collateral 37

View entire presentation