Investor Presentaiton

Capital and liquidity available to support growth Strong liquidity ratios Net Stable Funding Ratio - 127% Liquidity Coverage Ratio - 136% Loan to Deposit Ratio - 100% Customer deposits - €75.9bn • Customer deposits funding 100% of customer loans Predominantly sourced through retail distribution channels • Negative interest rates being applied to certain customer cohorts Dec 2016 Dec 2017 (€bn) (€bn) • • Customer loans 78 76 • Liquid assets 21 24 BOI Life assets 17 17 Other assets 7 6 • Total assets 123 123 Customer deposits 75 76 Wholesale funding 14 13 BOI Life liabilities 17 17 Other liabilities 7 7 • Shareholders' equity 9 9 Additional Tier 1 security & other 1 1 Total liabilities 123 123 TNAV per share €7.40 €7.52 Closing EUR/GBP FX rates 0.86 0.89 Wholesale funding - €12.7bn Monetary Authority borrowings of €5.0bn¹ reflecting Group's usage of cost efficient term funding facilities "Holdco" structure established in July 2017 Tier 2 issuance of £300m and $500m in September 2017 Future senior and junior debt issuance for MREL purposes expected to be issued from "Holdco"; modest new MREL issuance expected Bank of Ireland Group 1€3.3bn of ECB TLTRO funding and €1.7bn of BOE funding through TFS (c.€1.3bn) and ILTR (c. €0.4bn) 23

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