Investor Presentaiton
Loans and advances to customers
Group new lending up 50% to €6.5bn in H1 2015
New lending volumes
+36%
€3.4bn¹
€2.5bn
€1.3bn
+84%
€2.5bn
€0.5bn
€0.6bn
Irish business
UK business
Acquisition Finance
- H1 2014
- H1 2015 % growth half on half
Bank of Ireland Group
+22%
ROI Variable /
Fixed Mortgages
Customer loans (net of provisions), increased by c.€3.2bn
to €85.3bn (FX translation benefit of €3.6bn)
New lending amounted to €6.5bn¹ in H1 2015;
Up 50% vs H1 2014
Irish businesses new lending up 36%, customer credit
appetite increasing as recovery continues
Substantial increase in UK business new lending up
84%; primarily reflects success of mortgage strategy
Group redemptions of €6.9bn in H1 2015 include
Cash payments on defaulted loans redemptions /
sales €0.7bn
ROI tracker redemptions of €0.5bn (with a further
€0.2bn reduction primarily relating to conversions to
variable rate)
GB non-core business banking book redemptions of
€0.4bn
Confident of further progress in H2 and beyond
Growth in underlying economies provides supportive
backdrop
Good momentum in our Irish and UK businesses
Net lending growth for selected books²
ROI Trackers
€0.5bn
GB non-core
business
€0.4bn
€0.3bn
€0.2bn
ROI SME
€0.2bn
UK mortgages
€0.2bn
Acquisition
Finance
*Includes €0.5bn in respect of IBRC mortgages and Danske business portfolio acquisitions completed during H1 2015.
²Shows gross new lending less redemptions in H1 2015. New lending includes portfolio acquisitions.
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