2020 Results Announcement

As 2021 progresses, Irish recovery expected to become more broad-based 120 100- 80- 60- 40- Bank of Ireland Pulse shows sentiment holding up, particularly for housing 20+ Jan 20 May 20 Sep 20 Jan 21 Economic Housing Deposits¹ grew €25bn / 15% during 2020 200bn 175bn 150bn 125bn 100bn 75bn Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Households NFCS Q4 20 • • Bank of Ireland 2020 Results Announcement As of 22 February, total COVID-19 vaccine doses equivalent to c.7% of the population had been administered in Ireland, vs. an EU average of c.6% Tighter COVID-19 restrictions weighing on overall economic sentiment Reopening of retail, construction and hospitality sectors will support stronger recovery - 247k of the 473k people currently (as of 23 February) on the Irish government's Pandemic Unemployment Payment previously worked in those three sectors Housing sentiment positive; Bank of Ireland's Housing Pulse has returned to pre-pandemic levels Growth in private sector deposits; +15% since 2019, supportive of future consumer spending and business investment Irish household debt at 15 year low of €130bn; ratio of debt-to-disposable income has improved from peak of 210% in 2011 to current 107% Sources: Bank of Ireland Economic Pulse; Bank of Ireland Housing Pulse; Central Bank of Ireland; Ireland Health Service Executive; European Centre for Disease Prevention and Control; Ireland Department of Social Protection 1 Households and Non-Financial Corporations only, excludes Insurance Corporations and Pension Funds / Other Financial Intermediaries Bank of Ireland 9

View entire presentation