2019 Interim Results Credit Presentation
Capital - fully loaded CET1 ratio improved by 40bps
CET1 ratios - Jun 2019
2019 Interim Results Credit Presentation
Total equity
Less Additional Tier 1
Deferred tax
Intangible assets and goodwill
Foreseeable dividend'
Expected loss deduction
Other items²
Common Equity Tier 1 Capital
Credit RWA
Operational RWA
Market, Counterparty Credit Risk and Securitisations
Total RWA
Common Equity Tier 1 ratio
Total Capital Ratio
Leverage Ratio
Phasing impacts on Regulatory ratio
Regulatory ratio
Fully loaded ratio
(€bn)
(€bn)
10.1
10.1.
(0.8)
(0.8)
(0.5)
(1.1)
(0.7)
(0.7)
(0.1)
(0.1)
(0.4)
(0.4)
(0.3)
(0.4)
7.3
6.6
42.7
42.5
4.5
4.5
1.7
1.7
48.9
48.7
14.9%
13.6%
18.0%
16.7%
7.2%
6.6%
• Deferred tax assets - certain DTAs³ are deducted at a rate of 50% for 2019, increasing annually at a rate of 10% thereafter until 2024
•
IFRS 9-the Group has elected to apply the transitional arrangement which on a Regulatory CET1 basis resulted in minimal impact from
initial adoption and will partially mitigate future impacts in the period to 2022. The transitional arrangement allows a 85% add-back in
20194, decreasing to 70%, 50%, and 25% in subsequent years
1 Dividend accrual of €100m (c.20bps of CET1 capital) in H1 2019, equivalent to an annualised dividend per share of 18.5c
2 Other items - the principal items being the cash flow hedge reserve, securitisation deduction and 10% / 15% threshold deduction
3 Deferred tax assets due to temporary differences are included in other RWA with a 250% risk weighting applied
4 The IFRS9 addback to the Regulatory CET1 was c.16bps at 30 Jun 2019, reduced from c.18bps at 31 Dec 2018
Bank of Ireland
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