2021 Interim Results - Debt Investor Presentation
Ireland mortgages: €22.4bn
New lending volumes and market share
23%
25%
€1.0bn
€0.9bn
Bank of Ireland 2021 Interim Results - Debt Investor Presentation
Ireland mortgages (gross)
€23.7bn
€23.0bn
€22.9bn
€22.4bn
23%
€9.5bn
€11.1bn
€12.2bn
€12.6bn
€4.4bn
€3.2bn
€2.9bn
€2.5bn
€1.0bn
€9.8bn
€8.7bn
€7.9bn
€7.3bn
Dec 18
Dec 19
Dec 20
Jun 21
Tracker Variable Rates Fixed Rates
H119
H1 20
H121
New Lending Volumes
Market Share
42
42
Pricing strategy
•
Fixed rate led mortgage pricing strategy which provides
value, certainty and stability to our customers and to
the Group
Fixed rate products accounted for c.95% of our new
lending in H1 2021, up from c.30% in 2014
Distribution strategy - continued expansion into broker
channel
The Group has continued building out the broker
channel expansion in 2021, establishing a large network
of active brokers at a national level
Wider proposition
.
6 in 10 Ireland customers who take out a new mortgage
take out a life assurance policy through the Bank of
Ireland Group
4.5 in 10 Ireland customers who take out a new
mortgage take out a general insurance policy through
the Bank of Ireland Group with insurance partners
Average customer pay rate of 112bps less Group average cost of funds of 12bps
•
•
LTV profile
Average LTV of 58% on mortgage stock at Jun 2021
(Dec 2020: 60%)
Average LTV of 74% on new mortgages in Jun 2021
(Dec 2020: 75%)
Tracker mortgages
•
•
•
€7.0bn or 96% of trackers at Jun 2021 are on a capital
and interest repayment basis
82% of trackers are Owner Occupier mortgages; 18%
of trackers are Buy-to-Let mortgages
Loan asset spread on ECB tracker mortgages was
c.100bps' in H1 2021
Bank of IrelandView entire presentation