Investor Presentaiton
Net interest income
Further growth in net interest income achieved in H1 2015
2.05%
Net interest income trend
2.15%
2.21%
€1,161m
€1,197m
€1,219m
Net interest income - €1,219m
Bank of Ireland Group
Delivered net interest income growth of €22m (c.2%) vs
H2 2014 reflecting NIM growth and higher interest
earning assets
Average interest earning assets
Increased to €109bn in H1 2015 from €108bn in H2 2014,
driven predominantly by FX translation effects
NIM
H1 2014
H2 2014
H1 2015
Net interest income
Net interest margin
3.60%
Net interest margin drivers
3.56%
1.72%
1.56%
3.58%
H1 2015
H1 NIM improved to 2.21% reflecting;
Lower funding costs;
Positive impact of new lending volumes; partially
offset by;
Lower yields on replacement liquid assets following
bond sales maturities
Q2 2015 NIM was 2.17%;
Reflects impact of bond sales and pre-funding of
planned UK mortgage growth in H1 2015
Expect modest growth from Q2 level reflecting benefits
of lower funding costs and new lending, partially offset by
impact of lower liquid asset yields
Q3 NIM was 2.18%
1.23%
1.15%
1.03%
0.89%
H1 2014
H2 2014
Loan Asset Yield
Liquid Asset Yield
Cost of Funds
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