Economic and Investment Outlook
Capital ratios strengthened in last 10 years
Bank's balance sheets contracted and consolidated since GFC
CET 1 capital ratios allow for ample forbearance in 2023
Loan-to-deposit ratios have fallen significantly as loan books
were slashed - euro area average LTD ratio is c. 85%
17%
200
180
160
140
16%
120
100
15%
16.5%
14%
16.2%
15.0%
15.2%
14.8%
8622'
80
60
40
20
13.5%
Loan-to-
Deposit %
Loans (€bn)
Loan-to-
Deposit %
Loans (€bn)
13%
CET1 % (Transitional)
CET1 % (Fully Loaded)
AIB
BOI
AIB BOI PTSB*
Dec-10
Jun-23
Source: Published bank accounts
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Note: "Fully loaded" CET1 ratios used. Refers to the actual Basel III basis for CET1 ratios.
*PTSB figures for 2022
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