Bank of Ireland 2022 Interim Results
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Well diversified loan book with progress on NPES
■ Property &
Construction
€8.7bn
Group loan book
Consumer
€5.5bn
Bank of Ireland 2022 Interim Results
Loan book strongly collateralised >80% secured
Weighted average LTV of Ireland mortgages 53%; H1 22
new lending 74%
-
7%
Ireland mortgages
11%
30%
€76.6bn¹
Non-property
28%
SME and corporate
€21.6bn
€22.3bn
24%
UK mortgages
€18.4bn
•
NPE movements - NPE ratio at 5.4%
4.4%
5.7%
5.5%
€4.5bn
€4.3bn
€3.5bn
(€0.1bn)
(€0.1bn)
5.4%
c.54% of Irish mortgages originated since
introduction of macroprudential rules in 2015;
strong affordability; fixed rate mortgages 62%
Weighted average LTV of UK mortgages 55%; H1 22 new
lending 70%
CRE average LTV of 60%; with c.58% with LTV<65%
LAF book (€5.2bn, 6.8% of Group) de-risked post FY 21
CRT (c.50% of loans)
Consumer portfolios diversified across personal loans,
credit cards and car finance
Non-performing exposures reduce to €4.2bn
.
NPE ratio reduced modestly by 10bps to 5.4%
Proven track record of
€4.2bn
-
Sustainable solutions with customers
Successful transaction execution
Further reductions expected in H2 22 through
combination of organic and inorganic activity
Dec-19
Dec-20
Dec-21
NPE disposals Net outflows
Jun-22
NPE ratio
1 Gross volumes do not include fair value adjustment of (€0.4bn)
Bank of IrelandView entire presentation