Investor Presentaiton
Ireland's Banking Sector Overview
Less competition possible in decade to come
•
Banks profitable before Covid-19: income, cost and balance sheet metrics much improved.
Net interest margins will be helped by rising interest rate environment.
Ulster Bank and KBC - both of which have no govt. ownership have decided to leave Irish banking market. Reduced competition
is main impact.
The Irish Government has sold its share in BOI. This leaves just AIB and PTSB with government involvement.
A tranche of AIB shares were sold in June 2022 which returned another €304.8mn to the Irish Exchequer. The Government still
own approx. 63.5% of AIB.
4.0%
2.0%
Net Interest Margin
-1
21012
0.0%
-2
AIB
BOI
PTSB
AIB
2018 2019 2020
2021 | 2022 H1
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Source: Annual reports of banks - BOI, AIB, PTSB
Profit before Tax
BOI
2018 2019 2020 ■2021 E 2022 H1
PTSB
12
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