2019 Interim Results Credit Presentation

H2 2019 Outlook Growth Efficiency 2019 Interim Results Credit Presentation Returns Net lending growth while maintaining commercial discipline on risk and pricing NIM in 2019 expected to be slightly lower than H1 NIM of 2.16% Continued growth in Wealth and Insurance business • • . Costs in 2019 to be lower than 2018 Expect further reduction in NPES Expect net impairment charge to be in the range of 20bps 30bps p.a. during H2 20191 - Continue to generate strong organic capital • Dividend to increase prudently and progressively; over time will build towards a payout ratio of around 50% of sustainable earnings ROTE target: in excess of 10% by 2021 1 Absent a change in the economic environment or outlook Bank of Ireland 16

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