Bank of Ireland 2022 Interim Results
Return on tangible equity (ROTE)
H1 2022: Headline vs Adjusted
H1 2022
Headline
Additional gains
& valuation items,
net of tax
(€m)
Profit for the period
279
Non-core items including tax
51
Coupon on Additional Tier 1 securities
(33)
Preference share dividends
(4)
Adjusted profit after tax
293
3
Annualised profit after tax¹
617
6
At June 2022
Shareholders' equity
11,022
Intangible assets
(1,192)
Shareholders' tangible equity
9,830
Average shareholders' tangible equity
9,855
Return on tangible equity (ROTE)
6.3%
•
H1 2022 Adjusted return on tangible equity is adjusted for:
-
Additional gains and valuation items, net of tax (€3m)
Bank of Ireland 2022 Interim Results
Adjustments
Adjusted for
CET1 ratio
at 13.5%
Pension
Surplus
H1 2022
Adjusted
(€m)
296
623
(839)
(1,382)
8,801
(1,192)
(839)
(1,382)
7,609
(1,088)
(1,121)
7,646
8.1%
Average shareholders' tangible equity calculated on a CET1 Ratio at 13.5% - €1,088m
Removal of average pension surplus €1,121m
Tangible Net Asset Value (TNAV) as at end June 2022 was €9.22, or €7.93 excluding the pension surplus
1 Annualised profit after tax assumes a FY 2022 effective tax rate of c.18%
Bank of Ireland
50
50View entire presentation