Bank of Ireland 2019 Credit Presentation
NPE ratio 4.4%; reduction of 190bps
Non-performing exposures (NPEs) movements
8.3%
6.3%
4.4%
(€0.9bn)
€6.5bn
(€0.6bn)
€5.0bn
€3.5bn
Bank of Ireland 2019 Credit Presentation
Non-performing exposures
• €1.5bn reduction during 2019
. Group working closely with customers to agree sustainable
solutions; organic NPE resolution reduced NPEs by €0.9bn
.
.
ROI BTL mortgage securitisation (c.€0.4bn) and portfolio sale
(c.€0.2bn) executed in 2019; c.30bps benefit to Group CET1
ratio
ROI mortgage NPE coverage ratio increased by 4% to 25%
during 2019
Group NPE coverage ratio increased to 37% (2018: 35%)
·
Dec 17
Dec 18
Organic resolution Disposals/
Securitisation
Dec 19
NPE ratio
NPEs by portfolio
Mortgages
(ROI)
€2.3bn
€1.5bn
Non-property SME
€1.2bn
and Corporate
€0.9bn
Property and
€0.9bn
Construction
€0.6bn
€0.5bn
Mortgages (UK)
€0.5bn
Consumer
(ROI & UK)
€0.1bn
€0.1bn
Dec 18 Dec 19
Outlook
Expect further progress in 2020
Pace of reduction during 2020 will be influenced by a range of
factors, including implementation of new Definition of Default
regulatory framework in H1 2020
Potential NPE transactions in 2020 will focus on ROI
mortgages
·
Dec 19
Coverage Ratio
25%
55%
39%
13%
Bank of Ireland
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