Investor Presentaiton
Capital
CET1 ratios Dec 2017
Regulatory ratio
(€bn)
Fully loaded ratio
(€bn)
Total equity
Less Additional Tier 1
Deferred tax¹
Pension deficit
Available for sale reserve
National filters
Intangible assets and goodwill
Foreseeable dividend
Other items²
Common Equity Tier 1 Capital
Credit RWA³
Operational RWA
Market, CCR and Securitisations
Total RWA
Common Equity Tier 1 ratio
9.7
9.7
(0.8)
(0.8)
(0.3)
(1.1)
0.1
(0.1)
(0.1)
(0.7)
(0.7)
(0.1)
(0.1)
(0.6)
(0.8)
7.1
6.2
38.7
38.5
4.6
4.6
1.7
1.7
45.0
44.8
15.8%
13.8%
7.0%
6.2%
Leverage ratio
CRD-IV phasing impacts on Regulatory ratio
•
Deferred tax assets - certain DTAs are deducted at a rate of 30% for 2017, increasing annually at a rate of 10% thereafter until 2024
.
Pension deficit - addback is phased out at 80% in 2017, and will be fully phased out in 2018
•
Available for sale reserve - unrealised losses and gains are phased in at 80% in 2017, and will be fully phased-in in 2018
•
IFRS 9 - The Group has elected to apply the transitional arrangement which on a Regulatory CET1 basis will result in minimal impact from initial
adoption and partially mitigate future impacts in the period to 2022. The transitional arrangement allows an 95% add-back in 2018, decreasing to 85%,
70%, 50% and 25% in subsequent years
Bank of Ireland Group
'Deferred tax assets due to temporary differences are included in Credit RWA with a 250% risk weighting applied
2Other items - the principal items being the cash flow hedge reserve, expected loss deduction, securitisation deduction, 10%/15% threshold deduction
³Includes RWA relating to non-credit obligation assets / other assets, settlement risk and RWA arising from the 10% / 15% threshold deduction
47View entire presentation