Bank of Ireland H1 2020 Credit Presentation
Income Statement
Net interest income analysis
Bank of Ireland H1 2020 Credit Presentation
22
42
H2 2018
H1 2019
Average Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
Average Gross
Volumes Interest
(€bn) (€m)
Gross
Rate
(%)
H2 2019
Average Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
H1 2020
Average Gross
Volumes Interest
Gross
Rate
(€bn) (€m)
(%)
Ireland Loans¹
34.4
595
3.43%
34.2
582
3.43%
33.7
583
3.43%
33.4
561
3.38%
UK Loans
27.6
391
2.82%
27.5
377
2.76%
28.0
375
2.66%
28.5
356
2.52%
C&T
14.6
294
3.98%
15.8
314
3.99%
16.8
330
3.90%
17.4
324
3.74%
Total Loans and Advances to Customers
76.6
1,280
3.31%
77.5
1,273
3.31%
78.5
1,288
3.26%
79.3
1,241
3.15%
Liquid Assets
22.7
38
0.33%
22.9
33
0.29%
23.9
30
0.25%
26.6
16
0.12%
NAMA Sub Debt
0.1
2
5.24%
0.1
2
5.40%
0.1
2
5.26%
0.0
1
5.22%
Total Liquid Assets
22.8
40
0.35%
23.0
35
0.31%
Total Interest Earning Assets
99.4
1,320
2.63%
100.5
1,308
Ireland Deposits
20.7
(8)
(0.08%)
20.7
(7)
Credit Balances²
32.8
3
0.02%
34.5
3
UK Deposits
C&T Deposits
18.6
(88)
(0.94%) 18.3
(91)
2.62%
(0.07%) 21.0
0.02%
(1.00%)
24.0
102.5
32
0.27%
26.6
17
0.13%
1,320
2.56%
105.9
1,258
2.36%
(5)
(0.05%)
21.3
(2)
(0.02%)
36.6
6
4.9
(9)
(0.37%) 5.1
(9)
(0.35%)
Total Deposits
77.0
(102)
(0.26%) 78.6
(104)
(0.27%)
Wholesale Funding³
11.0
(52)
(0.94%)
10.3
(54)
(1.06%)
18.6
5.0
81.2
9.9
(103)
0.03%
(1.09%) 18.7
39.6
8
0.04%
(90)
(0.97%)
(9)
(0.34%) 4.7
(4)
(0.16%)
(111)
(0.27%) 84.2
(88)
(0.21%)
(62)
(1.24%) 9.7
(55)
(1.13%)
Subordinated Liabilities
2.1
(51)
Total Interest Bearing Liabilities
90.1
(205)
(4.86%)
(0.45%) 90.9
2.0
(49)
(4.85%)
1.5
(41)
(5.44%) 1.5
(34)
(4.61%)
(207)
(0.46%)
92.6
(214)
(0.46%)
95.4
(177)
(0.37%)
Other4
(30)
(22)
Net Interest Margin as reported
99.4
1,085
Average ECB Base rate
2.17%
0.00%
100.5 1,079
2.16%
102.5
(18)
1,088
(18)
0.00%
2.11%
0.00%
105.9
1,063 2.02%
0.00%
Average 3 month Euribor
(0.32%)
(0.31%)
(0.40%)
(0.31%)
Average BOE Base rate
Average 3 month LIBOR
0.70%
0.82%
0.75%
0.75%
0.36%
0.84%
0.78%
0.35%
1 Includes average interest earning assets of c.€0.3bn in 2020 carried at FVTPL with associated FY20 interest income of c.€6m
2 Credit balances in H1 2020: ROI €31.1bn, UK €3.8bn, C&T €4.7bn
3 Includes impact of credit risk transfer transactions executed in Dec 2016, Nov 2017 and Dec 2019
4 Includes IFRS 16 lease expense, interest on certain FVPTL items and adjustments that are of a non-recurring nature such as customer
termination fees and EIR adjustments
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