Bank of Ireland 2019 Credit Presentation
Robust capital ratios
Dec 18
Dec 19
·
CET1 Ratios:
Fully Loaded
13.4%
13.8%
Regulatory
15.0%
15.0%
Tier 1 Ratios:
Fully Loaded
14.4%
15.1%
•
Regulatory
16.0%
16.3%
Total Capital Ratios:
Fully Loaded
17.2%
17.4%
-
Regulatory
18.8%
18.6%
MREL:
Regulatory MREL ratio
23.1%
23.8%
Leverage Ratios:
Fully Loaded
Regulatory
6.3%
6.5%
7.0%
7.1%
Risk Weighted Assets:
Fully Loaded
Regulatory
€47.6bn
€47.8bn
€49.9bn
€50.1bn
1 c.60bps post implementation of IFRS16 on 1 January 2019 which reduced CET1 by c.20bps
Bank of Ireland 2019 Credit Presentation
CET1
The Group's fully loaded CET1 ratio increased by c.40bps' to
13.8% and the regulatory CET1 ratio is unchanged at 15% in 2019
Tier 1 & Total Capital
• Tier 1 ratios reflect movement in CET1 ratios and a reduction in
the adjustment under Article 85 of CRR
Total Capital ratios reflect movements in CET1 ratios and:
Redemption of a €750m Tier 2 instrument in Jun 2019
Issue of a €300m Tier 2 instrument in Oct 2019
Continued amortisation of other bullet Tier 2 instruments;
and
MREL
A reduction in the adjustment under Article 87 of CRR
MREL requirement of 27.09% to be met by 1 Jan 2021:
MREL ratio of 23.8% based on RWA at Dec 2019
MREL eligible senior debt issuance of c.€1bn - €2bn p.a.
anticipated
Risk Weighted Assets
RWA, on a regulatory basis, has increased from €47.8bn at
Dec 2018 to €50.1bn at Dec 2019. The increase is primarily
due to net loan book growth and changes in asset quality and
book mix, FX impact on RWA and the implementation of IFRS
16 offset by the impact of the disposal of NPES and the sale of
the UK Cards business
Bank of Ireland
27View entire presentation