Bank of Ireland 2022 Interim Results
H1 2022 financial summary
Bank of Ireland 2022 Interim Results
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Strong business performance in H1 22; underlying profit before tax of €419m
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Total income modestly higher vs H1 21 (ex additional gains, valuation items and
acquisitions)
Net lending of €1.0bn in Corporate & Markets and Retail Ireland; UK deleveraging
of €2.0bn in line with strategy
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Business income¹ 16% higher
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Operating costs 1% higher; costs 1% lower excluding acquisitions and one-off
investment to capture opportunities from exiting banks
Net credit impairment charge of €47m; NPE ratio 5.4%
Fully Loaded CET1 15.5% post Davy completion, supported by organic capital
generation
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Adjusted ROTE² of 8.1%
1 Including Share of Associates and JVs and excluding Davy
2 Updated basis of calculation for adjusted ROTE, which excludes the pension surplus, is set out on slide 50
Bank of Ireland
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