Bank of Ireland 2021 Interim Results - Debt Investor Presentation
Residential mortgages & consumer loans
Gross loans by stage
Residential Mortgages
.
Bank of Ireland 2021 Interim Results - Debt Investor Presentation
Residential mortgages
Mortgage portfolios 56% of Group loan book
Consumer
€44.7bn
€44.5bn
€5.3bn
€5.2bn
€2.2bn
€1.9bn
€0.1bn
€0.1bn
€2.5bn
€4.8bn
€0.2bn
€0.2bn
€40.0bn
€37.8bn
Dec 20
Jun 21
■Stage 1 Stage 2 Stage 3
€5.0bn
€4.9bn
Dec 20
Jun 21
■Stage 1 Stage 2 Stage 3
ILA movement
Consumer
Residential Mortgages
1.1%
€479m
€4m
€39m
1.2%
4.5%
€522m
€236m
(€40m)
(€4m)
3.7%
€192m
Dec 20 Stage 1/2 Stage 3
Jun 21
Dec 20 Stage 1/2 Stage 3
●ILA % of gross loans
Jun 21
.
•
•
-
Average LTV of 58% on stock
88% of the portfolio has LTV <80%
Stage 2 loans increased from €2.5bn at Dec 2020 to €4.8bn
at Jun 2021 due to a staging adjustment following the
re-assessment of management adjustment assumptions
Stage 3 loans reduced by €0.3bn reflecting the NPE
mortgage transaction, with stage 3 cover increasing to 20%
at Jun 2021 (17% at Dec 2020) reflecting changes to LGD
model.
€43m increase in impairment loss allowance reflects impact
of changes to the LGD model components, offset by
improved FLI update
Impairment coverage increased from 1.1% at Dec 2020
to 1.2% at Jun 2021
Consumer
•
7% of Group loan book
-
€2.0bn Ireland exposure; €0.8bn motor, €0.8bn
consumer loans, €0.4bn credit cards
€3.2bn UK exposure; €1.8bn motor, €1.4bn consumer
loans
€44m decrease in impairment loss allowance related to FLI
model updates
Impairment coverage decreased from 4.5% at Dec 2020 to
3.7% at Jun 2021
Bank of Ireland
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