2019 Interim Results Credit Presentation
Income Statement
Net interest income analysis
2019 Interim Results Credit Presentation
H2 2017
H1 2018
H2 2018
H1 2019
Average Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
Average Gross Gross
Volumes Interest Rate
(€bn) (Єm) (%)
Average Gross
Volumes Interest
(€bn) (Єm)
Gross Average Gross
Rate
Volumes Interest
(%) (€bn) (Єm)
Gross
Rate
(%)
Ireland Loans¹
35.3
545
3.07%
34.6
531
3.09%
34.4
531
3.06%
34.2
517
3.05%
UK Loans
28.0
430
3.05%
28.1
440
3.16%
27.6
447
3.21%
27.5
439
3.22%5
C&T Loans
12.8
253
3.92%
13.6
259
3.85%
14.6
287
3.89%
15.8
312
3.98%
Total Loans & Advances to Customers
76.1
1,228
3.20%
76.3
1,230
3.25%
76.6
1,265
3.28%
77.5
1,268
3.30%
Liquid Assets
20.8
NAMA Sub Debt
0.3
47
43
0.41%
22.1
35
0.32%
22.7
38
0.33%
22.9
33
0.29%
17
11.97%
0.2
4
Total Interest Earning Assets
97.2
1,288
2.63%
98.6
1,269
Ireland Deposits
20.4
(9)
(0.08%)
20.5
(8)
Credit Balances²
29.3
4
0.03%
30.5
2
UK Deposits
C&T Deposits
18.2
(74)
(0.80%)
18.9
(81)
5.2
(9)
(0.35%)
4.7
(9)
(0.39%)
Total Deposits
73.1
(88)
(0.24%)
74.6
(96)
(0.26%)
3.50%
0.1
2.60% 99.4
(0.08%) 20.7
0.01% 32.8
(0.86%) 18.6
4.9
77.0
Wholesale Funding³
12.3
(36)
(0.58%)
12.3
(45)
Subordinated Liabilities
1.8
(42)
(4.80%)
2.1
(49)
Total Interest Bearing Liabilities
87.2
(166)
(0.38%)
89.0
(190)
(0.73%) 11.0
(4.77%) 2.1
(0.43%) 90.1
2
1,305
(8)
3
(88)
(9)
(102)
(52)
(51) (4.86%)
(205) (0.45%)
5.24%
2.60%
(0.08%) 20.7
0.02% 34.5
(0.94%) 18.3
(0.37%) 5.1
(0.26%) 78.6
(0.94%) 10.3
0.1
2
5.40%
100.5
1,303
2.61%
(7)
(0.07%)
3
0.02%
(91)
(1.00%)
(9)
(0.35%)
(104)
(0.27%)
(54)
(1.06%)
2.0
90.9
(49)
(4.85%)
(207)
(0.46%)
IFRS Income Classification
5
7
7
2
Other
(25)
9
(22)
(19)
Net Interest Margin
97.2
1,102
Average ECB Base rate
Average 3 month Euribor
Average BOE Base rate
Average 3 month LIBOR
2.25%
0.00%
98.6
1,095
(0.33%)
2.23%
0.00%
(0.33%)
99.4
1,085
2.17%
0.00%
100.5
1,079
2.16%
0.00%
(0.32%)
(0.31%)
0.32%
0.50%
0.38%
0.62%
0.70%
0.82%
0.75%
0.84%
1 Includes average interest earning assets of c.€0.3bn in H1 2019 carried at FVTPL with associated H1 2019 interest income of c.€7m
2 Credit balances in H1 2019: ROI €26.5bn, UK €3.5bn, C&T €4.5bn
3 Includes impact of credit risk transfer transactions executed in Dec 2016 and Nov 2017
4 Includes IFRS 16 lease expense and adjustments that are of a non-recurring nature such as customer termination fees and EIR adjustments
5 Excludes income (c.5bps) relating to the repositioning of the UK cards portfolio as non-core in H1 2019 due to classification as held for sale
Bank of Ireland
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