Bank of Ireland 2022 Interim Results
Regulatory capital requirements
Bank of Ireland 2022 Interim Results
Pro forma CET1 regulatory capital requirements
2021
2022
2023
Pillar 1 CET1
4.50%
4.50%
4.50%
Pillar 2 Requirement (P2R)
1.27%
1.27%
1.27%
Capital Conservation Buffer (CCB)
2.50%
2.50%
2.50%
Ireland Countercyclical buffer (CCyB)1
UK Countercyclical buffer (CCYB)
O-SII Buffer
Systemic Risk Buffer - Ireland
Pro forma minimum CET1 regulatory requirements
0.00%
0.00%
0.30%
0.00%
0.30%
0.60%
1.50%
1.50%
1.50%
9.77%
10.07%
10.67%
Pillar 2 Guidance (P2G)
48
48
Not disclosed in line with regulatory preference
Regulatory capital requirements
•
The Group is required to maintain a CET 1 ratio of 9.77% on a regulatory basis at 30 June 2022, increasing to 10.07% from Dec 2022 and
10.67% in Dec 2023 (excluding P2G)
2022 requirements include the phase-in of the UK CCYB from 0% to 1% from Dec 2022
2023 requirements include the phase-in of (i) the ROI CCyB to 0.5% from Jun 2023; and (ii) the UK CCYB to 2% from Jul 2023
CET1 headroom of c.590bps to Dec 2022 regulatory capital requirements of 10.07%
Regulatory total capital ratio of 21.2% at June 2022 provides headroom of c.665bps above 2022 total capital requirement of 14.55%
1 The CBI stated its intention to increase the ROI CCYB to 1.5% in mid-2023 (effective mid-2024) provided the economic recovery
continues, which if introduced would increase the Group's capital requirement by a further c.0.6% in 2024
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