2020 Results Announcement

Growth in new lending in H2 Group loan book movement €0.7bn €13.3bn (€14.0bn) Stable net lending €79.5bn (€1.1bn) (€1.8bn) €76.6bn Dec 19 Loan book New RCF Redemptions Impairment FX/ Other Lending activity Dec 20 Loan book New lending¹ and redemptions H1 vs. H2 2020 €6.9bn €7.1bn €7.5bn €5.8bn €3.0bn €2.4bn €1.5bn €1.1bn €3.0bn €2.3bn H1 20 H2 20 Retail Ireland Corporate Retail UK Redemptions 1 Excluding revolving credit facilities 2 On a constant currency basis Bank of Ireland 2020 Results Announcement Lending trends in 2020 • Overall loan book declined by €2.9bn due to FX and credit impairment • Gross new lending¹ of €13.3bn; down 19% vs. 2019² • Revolving credit facilities drawdowns finished the year at €0.7bn, down from a Q1 peak of €1.4bn • • Redemptions of €14bn; 3% lower than 2019 and reflect continued build up of liquidity Overall net lending stable in the year H2 new lending was 30% higher than H1 All divisions demonstrating solid recovery Strong Irish mortgage market performance; 25.5% share of an €8.4bn market UK mortgage market supported a 25% growth in UK lending compared to H1 21 21 Bank of Ireland

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