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Investor Presentaiton

Capital CET1 ratios Total equity Less Additional Tier 1 Deferred tax¹ Pension deficit Available for sale reserve² National filters Intangible assets and goodwill Other items³ Common Equity Tier 1 Capital Credit RWA Operational RWA Market, CVA and other RWA4 Total RWA Common Equity Tier 1 ratio CRD-IV phasing impacts Bank of Ireland Group Transitional ratio (€bn) 9.4 Fully loaded ratio (€bn) (0.8) (0.2) 9.4 (0.8) (1.2) 0.2 (0.1) (0.1) (0.6) (0.6) (0.6) (0.6) 7.2 6.2 42.5 42.5 4.6 4.6 3.7 3.6 50.8 50.7 14.2% 12.3% Deferred tax asset - certain DTAs are deducted at a rate of 20% for 2016, increasing annually at a rate of 10% thereafter Pension deficit - addback is phased out at 60% in 2016, increasing by 20% per annum thereafter Available for sale reserve - unrealised losses and gains are phased in at 60% in 2016, increasing by 20% per annum thereafter The pro-forma CET1 ratio at 1 January 2017 is estimated at 14.0%, reflecting the phasing in of CRD IV deductions for 2017 'Deferred tax assets due to temporary differences are included in other RWA with a 250% risk weighting applied 2The Group previously opted to maintain its filter on both unrealised gains or losses on exposures to central governments classified in the 'available for sale' category. In accordance with ECB regulation 2016/445 on the exercise of options and discretions, this filter was removed from 1 October 2016. The reserve is recognised in capital under fully loaded CRD IV rules Other items - the principle items being the cash flow hedge reserve, expected loss deduction, securitisation deduction and 10% / 15% threshold deduction 4Other RWA includes RWA relating to non-credit obligations / other assets and RWA arising from the 10/15% threshold deduction 38
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