Bank of Ireland Financial Overview
Bank of Ireland
Higher impairment charge primarily due to additional management adjustments
FY23 impairment loss allowance (ILA) components¹
FY 2023
Cost
of risk
FY24
Outlook
€265m
33bps
10bps
€79m
7bps
€59m
50bps
Slightly higher loan loss experience;
portfolio activity charge of €265m
Net losses on portfolio activity €232m
(vs €214m FY22²)
KBCI Day 1 charge (€17m) and additional
affordability assessment of retail portfolios
(€16m)³
Additional management adjustments
€403m
.
€79m charge from model updates
Loan loss experience
and portfolio activity
Model updates and
IFRS 9 assumptions
Post model
adjustments (PMA)
FY23 Impairment
charge
Additional management adjustments
For footnotes please refer to slide 39
•
and IFRS 9 updated macroeconomic
assumptions4
PMA charge of €59m (PMA stock €85m)
primarily due to proactive management
adjustments for CRE
FY24 charge expected to be low 30s bps, subject to no material change in economic conditions or outlook
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