2022 Interim Results - Debt Investor Presentation
Capital ratios remain strong
RWAs
€46.2bn
16.0%
Bank of Ireland 2022 Interim Results - Debt Investor Presentation
Fully Loaded CET1 ratio
60bps
(10bps)
(30bps)
20bps
(80bps)
RWAS
€47.3bn
(10bps)
15.5%
Dec-21
Net organic capital¹ Credit impairment
RWA²
Foreseeable distribution Pension Other
Davy transaction
Jun-22
deduction
Headroom to 2022 CET1 regulatory capital requirements
Dec 2022
regulatory
capital
requirements
(excl P2G)
15.5%
10.07%
16.0%
Jun-22 Fully Loaded
CET1 Ratio
Jun-22 Regulatory
CET1 Ratio
c.590bps
headroom
Strong capital position driven by organic capital
generation
Substantial buffer (c.590bps) to regulatory capital
requirements
Davy acquisition completed in H1; sufficient capital
available for the acquisition of the KBCI portfolios
(c.120bps) expected to complete by end Q1 2023
RWAS increased by c.€1.1bn, primarily reflecting loan
book mix
Target CET1 ratio of >13.5% reflects increased
countercyclical buffers
Foreseeable distribution accrual at c.50% of FY 21 levels;
final full year distribution decision to be taken with
FY 22 results
1 Net organic capital generation primarily consists of attributable profit and movements in regulatory deductions excluding impairment.
H1 22 includes transformation investment previously excluded from organic capital; H1 21 net organic capital generation of 60bps on a
like-for-like basis
2 RWA movements from changes in loan book mix, asset quality and movements in other RWAS
Bank of Ireland
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