H1 2020 Credit Presentation

Impairment coverage increased to 2.7% Net impairment charge €77m €76m €37m €25m €6m Mortgages (ROI) Mortgages (UK) €365m corporate €246m €24m €124m (€11m) Property and construction Consumer Non-property SME and - H1 2019 I H1 2020 Impairment loss allowance (ILA) by portfolio Dec-19 Jun-20 ILA % of ILA % of ILA ILA gross gross (€m) (€m) loans loans Mortgages ROI 369 1.6% 448 2.0% Mortgages UK 63 0.3% 133 0.6% Non-property SME and 487 2.4% 818 4.0% corporate Property and construction 230 2.8% 455 5.6% Consumer 159 2.8% 268 5.1% Total 1,308 1.6% 2,122 2.7% Stage 1 impairment coverage 0.2% 0.7% Stage 2 impairment coverage 3.4% 3.4% 31.5% 29.4% Bank of Ireland H1 2020 Credit Presentation Impairment coverage increased to 2.7% • • Net impairment charge €888m1 / 222bps (H1 2019: 21bps) on loans and advances to customers Increased impairment charge driven by: - - Change in macro-economic outlook due to COVID-19 Estimated future credit migration related to payment breaks Actual loan loss experience (€0.3bn) primarily in corporate and property portfolios, including €0.2bn on legacy property exposures 60% of impairment charge recognised on performing Stage 1 and Stage 2 loans ILA increased by €0.8bn to €2.1bn since Dec 2019, €0.5bn of increase on performing Stage 1 and Stage 2 loans Group impairment coverage increased from 1.6% to 2.7% at June 2020 Stage 3 impairment coverage 1 Net impairment charge €888m on loans and advances to customers, net impairment charge on other financial instruments €49m, total net impairment charge €937m Bank of Ireland 17

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