2021 Interim Results - Debt Investor Presentation
NPEs reduce to 5.5%
NPE movements
6.3%
4.4%
5.7%
€5.0bn
€3.5bn
F
Dec 18
Dec 19
€77m
+
€4.5bn
(€0.3bn)
€0.2bn
5.5%
€4.4bn
H
Dec 20
NPE
Transaction
Net
Inflows
Jun 21
Net impairment charges (gains)
€365m
€246m
€124m
€47m
€76m
€14m
€0m
(€15m)
(€34m)
Mortgages
(Ireland)
Mortgages
(UK)
Non-property SME Property and
and corporate
construction
Consumer
19
19
Bank of Ireland 2021 Interim Results - Debt Investor Presentation
Non-performing exposures
•
•
•
NPES reduced by €0.1bn to €4.4bn and NPE ratio
decreased 20bps to 5.5%
Irish residential mortgage NPE transaction successfully
completed in H1 2021
Government fiscal supports continue to be supportive
Proven track record of working with customers to
implement sustainable solutions
Stock of ILA of €2.1bn
•
•
Impairment coverage reduced slightly to 2.7%,
remains significantly higher than pre-COVID (1.6% Dec
2019)
Net impairment charge¹ €12m / 3bps
(H1 2020: 222bps)
ILA charge and increased impairment coverage on
Irish residential mortgage portfolio relates to changes
to LGD model parameters resulting in net increase
of c.€135m including removal of Dec 2020 stage 3
management adjustment
Group management adjustment of €0.2bn provides
material coverage for further COVID-19 impairment
Bank of Ireland
- H1 2020 E H1 2021
1 Net impairment charge €12m on loans and advances to customers, net impairment gain on other financial instruments €11m,
total net impairment charge €1mView entire presentation