2019 Interim Results Credit Presentation
H1 2019 Highlights
Profitability
Growth
Transformation
Capital
€376m
Underlying profit
before tax
NIM of 2.16%
2019 Interim Results Credit Presentation
·
•
Cost reduction continues, 3% lower (€30m) vs. H1 2018
NPE ratio improved by 100bps to 5.3%
€1.2bn
Net lending growth
3%
Reduction in costs
13.6%
CET1 increased
by 40bps
•
•
•
New lending of €7.7bn; largest lender to the Irish economy
Irish mortgage market share of 23%; increased SME market share
Corporate Banking net lending growth of €1.0bn
Continue to create a leaner and more agile organisation
Foundations of the new core banking platform have been built;
now prioritising channel experience and customer migration
UK Business being enhanced - exit from UK cards, ATMs and current
accounts; attractive loan growth in Consumer; costs reduced
Organic capital generation of 90bps
Securitisation of Irish Mortgage NPES, unlocked 30bps of
CET1 capital
• Dividend accrual of €100m
Bank of Ireland
3View entire presentation