Bank of Ireland 2019 Interim Results
Return on tangible equity (ROTE)
H1 2019: Headline vs. Adjusted
Bank of Ireland 2019 Interim Results
Additional gains, &
valuations items¹
net of tax
Adjustments
'Normalised'
impairment
adjustment, net of tax
Adjusted for CET1
Ratio at 13%
H1 2019
Headline
(€m)
Profit for the period
Non-Core items, net of tax
226
77
Coupon on Additional Tier 1 securities.
(28)
Preference share dividends
(3)
Adjusted profit after tax
272
(18)
Annualised profit after tax
579
(36)
At June 2019
Shareholders' equity
9,257
Intangible assets
(811)
Shareholders' tangible equity
8,446
Average shareholders' tangible equity
8,576
Return on tangible equity (ROTE)
6.8%
H1 2019
Adjusted
(€m)
254
543
(283)
8,974
(811)
(283)
8,163
(196)
8,380
6.5%
• H1 2019 Adjusted Return on Tangible Equity is adjusted for;
Additional gains and valuations items¹, net of tax - €36m
-
-
No adjustment to impairment charge - 'Normalised' impairment charge (21bps) in H1 2019 reflected in headline and adjusted
numbers
Average Shareholders' tangible equity calculated on a CET1 Ratio at 13% - adjustment of €196m
1 Excludes IFRS income classifications which is fully offset in net interest income
Bank of Ireland
52
529View entire presentation