IAS19 Defined Benefit Pension + Mortgage Portfolio Analysis
Bank of Ireland
Regulatory capital requirements
Pro forma CET1 regulatory capital requirements
2022
2023
2024
Pillar 1 CET1
4.50%
4.50%
4.50%
Pillar 2 Requirement (P2R)
1.27%
1.27%
1.27%
Capital Conservation Buffer (CCB)
2.50%
2.50%
2.50%
Ireland Countercyclical buffer (CCyB)
UK Countercyclical buffer (CCyB)
US and Other
O-SII Buffer
Systemic Risk Buffer - Ireland
Pro forma Minimum CET1 Regulatory Requirements
Pillar 2 Guidance (P2G)
0.00%
0.62%
0.93%
0.26%
0.53%
0.53%
0.01%
0.03%
0.03%
1.50%
1.50%
1.50%
10.04%
10.95%
11.26%
Not disclosed in line with regulatory preference
Regulatory capital requirements
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.
The Group is required to maintain a CET 1 ratio of 10.37% on a regulatory basis at Jun 2023, increasing to 10.95% from Dec 2023 and 11.26% in Dec
2024 (excluding P2G)
2023 requirements include the phase-in of (i) the ROI CCyB to 0.5% from Jun 2023 and to 1% from Nov 2023; and (ii) the UK CCyB to 2% from Jul 2023
.
2024 requirements include the increase of the ROI CCyB from 1% to 1.5% from Jun 2024
•
CET1 headroom of c.405bps to Dec 2023 regulatory capital requirements of 10.95%
.
Regulatory total capital ratio of 19.7% at Jun 2023 provides headroom of c.425bps above 2023 total capital requirement of 15.43%
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