Investor Presentaiton
Return on tangible equity (ROTE)
H1 2018: Headline vs. Adjusted
H1 2018
Headline
(€m)
377
Additional gains, &
valuations items',
net of tax
Adjustments
H1 2018 net
impairment gains,
net of tax
"Normalised"
impairment
adjustment, net of tax
H1 2018
Adjusted
(€m)
Profit for the period
Non-core items, net of tax
39
Coupon on Additional Tier 1 securities
(24)
Preference share dividends
(3)
389
16
(67)
(63)
275
778
550
Adjusted profit after tax
Annualised profit after tax
At June 2018
Shareholders' equity
9,074
Intangible assets
(786)
Shareholders' tangible equity
8,228
Average shareholders' tangible equity
8,120
Return on tangible equity (ROTE)
9.6%
H1 2018 Adjusted Return on Tangible Equity is adjusted for;
Additional gains and valuations items¹, net of tax - €16m
Reversal of H1 2018 net impairment gains 2018, net of tax - €67m
"Normalised" impairment charge (20bps), net of tax - €63m
Bank of Ireland Group
Excludes IFRS income classifications of €19m which is fully offset in net interest income
9,074
(786)
8,228
8,120
6.8%
44View entire presentation