H1 2020 Credit Presentation
Income Statement
Net interest income analysis
Bank of Ireland H1 2020 Credit Presentation
22
42
H2 2018
H1 2019
Average Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
Average Gross
Volumes Interest
(€bn) (€m)
Gross
Rate
(%)
H2 2019
Average Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
H1 2020
Average Gross
Volumes Interest
Gross
Rate
(€bn) (€m)
(%)
Ireland Loans¹
34.4
595
3.43%
34.2
582
3.43%
33.7
583
3.43%
33.4
561
3.38%
UK Loans
27.6
391
2.82%
27.5
377
2.76%
28.0
375
2.66%
28.5
356
2.52%
C&T
14.6
294
3.98%
15.8
314
3.99%
16.8
330
3.90%
17.4
324
3.74%
Total Loans and Advances to Customers
76.6
1,280
3.31%
77.5
1,273
3.31%
78.5
1,288
3.26%
79.3
1,241
3.15%
Liquid Assets
22.7
38
0.33%
22.9
33
0.29%
23.9
30
0.25%
26.6
16
0.12%
NAMA Sub Debt
0.1
2
5.24%
0.1
2
5.40%
0.1
2
5.26%
0.0
1
5.22%
Total Liquid Assets
22.8
40
0.35%
23.0
35
0.31%
Total Interest Earning Assets
99.4
1,320
2.63%
100.5
1,308
Ireland Deposits
20.7
(8)
(0.08%)
20.7
(7)
Credit Balances²
32.8
3
0.02%
34.5
3
UK Deposits
C&T Deposits
18.6
(88)
(0.94%) 18.3
(91)
2.62%
(0.07%) 21.0
0.02%
(1.00%)
24.0
102.5
32
0.27%
26.6
17
0.13%
1,320
2.56%
105.9
1,258
2.36%
(5)
(0.05%)
21.3
(2)
(0.02%)
36.6
6
4.9
(9)
(0.37%) 5.1
(9)
(0.35%)
Total Deposits
77.0
(102)
(0.26%) 78.6
(104)
(0.27%)
Wholesale Funding³
11.0
(52)
(0.94%)
10.3
(54)
(1.06%)
18.6
5.0
81.2
9.9
(103)
0.03%
(1.09%) 18.7
39.6
8
0.04%
(90)
(0.97%)
(9)
(0.34%) 4.7
(4)
(0.16%)
(111)
(0.27%) 84.2
(88)
(0.21%)
(62)
(1.24%) 9.7
(55)
(1.13%)
Subordinated Liabilities
2.1
(51)
Total Interest Bearing Liabilities
90.1
(205)
(4.86%)
(0.45%) 90.9
2.0
(49)
(4.85%)
1.5
(41)
(5.44%) 1.5
(34)
(4.61%)
(207)
(0.46%)
92.6
(214)
(0.46%)
95.4
(177)
(0.37%)
Other4
(30)
(22)
Net Interest Margin as reported
99.4
1,085
Average ECB Base rate
2.17%
0.00%
100.5 1,079
2.16%
102.5
(18)
1,088
(18)
0.00%
2.11%
0.00%
105.9
1,063 2.02%
0.00%
Average 3 month Euribor
(0.32%)
(0.31%)
(0.40%)
(0.31%)
Average BOE Base rate
Average 3 month LIBOR
0.70%
0.82%
0.75%
0.75%
0.36%
0.84%
0.78%
0.35%
1 Includes average interest earning assets of c.€0.3bn in 2020 carried at FVTPL with associated FY20 interest income of c.€6m
2 Credit balances in H1 2020: ROI €31.1bn, UK €3.8bn, C&T €4.7bn
3 Includes impact of credit risk transfer transactions executed in Dec 2016, Nov 2017 and Dec 2019
4 Includes IFRS 16 lease expense, interest on certain FVPTL items and adjustments that are of a non-recurring nature such as customer
termination fees and EIR adjustments
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