Bank of Ireland Q1 2020 IMS Presentation
Further detail on SME, Corporate and Property
Non-property SME and Corporate
UK SME
€1.6bn
7%
Corporate
€12.6bn
59%
Land and
development
€0.8bn
Bank of Ireland Q1 2020 IMS Presentation
Higher impacted sectors - 5% Group loan book
Subset of €21.5bn:
Wholesale/Retail
€2.6bn
34%
Hospitality
€1.8bn
•
Acquisition Finance €4.9bn
€21.5bn
•
ROI SME
€7.3bn
Wholesale / Retail and Hospitality €4.4bn / 5% of Group loan
book
Predominantly secured portfolios
Government measures will provide additional support to these
sectors
Very low exposure to other impacted sectors with Aviation
€0.2bn and no material exposure to Oil and Gas industry
Acquisition Finance - 6% of Group loan book
•
Mid-market European and US Acquisition Finance business;
over 20 years track record in this market
c.55% Europe / c.45% USA
Longstanding and embedded sponsor relationships
•
Property and Construction
•
Almost exclusively senior debt; >80% covenanted
•
€8.3bn
Investment
property
€7.5bn
•
Disciplined risk appetite with 4 out of 5 loans declined;
excellent loan loss history
Well diversified portfolio, average exposure c.€20m
Property and Construction - 10% of Group loan book
>40% Investment property exposures in Dublin
Investment Property exposures largely Retail (38%), Office
(34%), Residential (15%) and Mixed / Other (13%); 75% of the
book LTV <70%
.
Development lending portfolio comprises exposures to active
development sites
Bank of Ireland
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