Investor Presentaiton
Dec 2017
(€bn)
Jun 2018
(€bn)
Customer loans
76
77
Liquid assets
24
23
Wealth and Insurance assets
17
17
Other assets
6
5
Total assets
123
122
Capital and liquidity available to support growth
Strong liquidity ratios
Liquidity Coverage Ratio: 139%
Net Stable Funding Ratio: 127%
Loan to Deposit Ratio: 100%
Customer deposits: €76.7bn
Customer deposits predominantly sourced through retail
distribution channels
.
•
Customer deposits
76
77
Wholesale funding
13
11
•
Wealth and Insurance liabilities
17
17
Other liabilities
7
7
Shareholders' equity
9
9
•
Additional Tier 1 security & other
1
1
Total liabilities
123
122
°
TNAV per share
€7.52
€7.71
°
Closing EUR/GBP FX rates
0.89
0.89
Wholesale funding: €11.4bn
Modest wholesale funding requirement
Monetary Authority borrowings of €3.7bn¹ have reduced
by €1.3bn since Dec 2017 primarily due to repayment of
funding drawn under the ECB's TLTRO
MREL target of €13.3bn (representing 26.4% of RWA at
Dec 2016) to be met by 1 Jan 2021:
MREL ratio of 19.6% at June 2018 (based on RWA at
Dec 2016)
MREL issuance of c.€4bn-€5bn, allowing for
redemptions and an appropriate buffer, to meet MREL
requirement by 1 Jan 2021
Bank of Ireland Group
1€2.0bn of ECB TLTRO funding and €1.7bn of BOE funding through TFS (c.€1.5bn) and ILTR (c. €0.2bn)
16View entire presentation