Investor Presentaiton
Return on tangible equity (ROTE)
2018: Headline vs. Adjusted
Bank of Ireland 2018 Results Announcement
56
56
Additional gains,
2018
Headline
& valuations
(Єm)
items¹,
net of tax
2018
impairment
gains, net of
tax
Adjustments
"Normalised❞
impairment
adjustment, net
of tax
Adjustment for
CET1 Ratio
at 13%
2018
Adjusted
(€m)
Profit for the period
675
Non-Core items, net of tax
78
Coupon on Additional Tier 1 securities
(48)
Preference share dividends
(7)
Adjusted profit after tax
698
38
(34)
(127)
575
At Dec 2018
Shareholders' equity
9,243
Intangible assets
(802)
Shareholders' tangible equity
8,441
Average shareholders' tangible equity
8,229
Return on tangible equity (ROTE)
8.5%
(184)
9,059
(802)
(184)
8,257
(296)
7,933
7.2%
⚫ 2018 Adjusted Return on Tangible Equity is adjusted for;
Additional gains and valuations items¹, net of tax - €38m
-
-
Reversal of 2018 net impairment gain 2018, net of tax - €34m
"Normalised" impairment charge (20bps), net of tax - €127m
Average Shareholders' tangible equity calculated on a CET1 Ratio at 13% - €296m
1 Excludes IFRS income classifications which is fully offset in net interest income
Bank of IrelandView entire presentation