2018 Credit Presentation
Capital
CET1 ratios - Dec 2018
Regulatory ratio
(€bn)
2018 Credit Presentation
Fully loaded ratio
(€bn)
Total equity
Less Additional Tier 1
Deferred tax¹
Intangible assets and goodwill
Foreseeable dividend²
Expected loss deduction
Other items³
Common Equity Tier 1 Capital
Credit RWA
Operational RWA
Market, CCR and Securitisations
Total RWA
Common Equity Tier 1 ratio
Total Capital Ratio
Leverage Ratio
Phasing impacts on Regulatory ratio
•
10.1
10.1.
(0.8)
(0.8)
(0.4)
(1.1)
(0.7)
(0.7)
(0.2)
(0.2)
(0.6)
(0.6)
(0.2)
(0.3)
7.2
6.4
41.6
41.4
4.5
4.5
1.7
1.7
47.8
47.6
15.0%
13.4%
18.8%
17.2%
7.0%
6.3%
Deferred tax assets - certain DTAs¹ are deducted at a rate of 40% for 2018, 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 95% add-back in
2018, decreasing to 85%, 70%, 50% and 25% in subsequent years
1 Deferred tax assets due to temporary differences are included in other RWA with a 250% risk weighting applied
2 Dividend deduction of €173m
3 Other items - the principal items being the cash flow hedge reserve, securitisation deduction and 10%/15% threshold deduction
Bank of Ireland
47View entire presentation