Bank of Ireland 2020 Debt Investor Presentation
Summary highlights
Capital
RWA
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Bank of Ireland 2020 Debt Investor Presentation
Continued pre-impairment organic capital generation; Strong capital position with fully
loaded CET1 ratio of 13.4%, regulatory CET1 ratio 14.9%
Optimisation of capital structure materially complete; MDA headroom increased to
c.540bps at December 2020
IRB RWA density across largest customer loan portfolios exceeds a wide distribution of
European peers
RWA density offers potential mitigation against future implementation of Basel IV
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MREL
Economy
Asset Quality
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MREL Ratio of 24.6% at December 2020
Jan 2022 interim target of 24.95%; Jan 2024 expected target of c.28%
MREL eligible senior debt issuance of c.€1bn-€2bn p.a. anticipated; expected to include
green bonds
COVID-19 continues to impact, but Irish and UK economies expected to see reopening and a
recovery in GDP in 2021, supported by the rollout of vaccine immunisation programmes
Payment break performance better than expected with NPE stable in H2
Proven track record of working with customers to implement sustainable solutions;
significantly below industry average for arrears management
Bank of Ireland
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