Investor Presentaiton

Outlook Growth • • Net lending growth while maintaining commercial discipline on risk and pricing Continued growth in Wealth and Insurance business NIM in 2019 expected to be c.2.16% • . Efficiency Bank of Ireland 2018 Results Announcement Returns Costs to reduce further in 2019 Expect further reduction in NPES Expect net impairment charge to be in the range of up to 20bps-30bps p.a. during 2019-20211 Continue to generate strong organic capital • Dividend to increase prudently and progressively; over time will build towards a payout ratio of around 50% of sustainable earnings ROTE target: in excess of 10% by 2021 1 Absent a change in the economic environment or outlook Bank of Ireland 28

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