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
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