HY23 Interim Results Announcement

Irish economy growing; UK moderating Shifting interest rate and inflation expectations Ireland1 Bank of Ireland Irish macro backdrop remains supportive; Irish GDP expected to outperform EU by c.9ppts (cumulative) over 2023-2025² 5.0% 2.9% 3.90% 2.2% Ireland UK 3.19% 3.37% 2.83% Unemployment 3.8% (June 2023) 4.0% (May 2023) 2.80% 2.71% GDP (2023 expected) 5.4% 0.0% 2023 2024 2025 ECB deposit rate forecast (as at Dec 2022) ECB deposit rate forecast (as at July 2023) Inflation (annual average) House prices y/y 2.4% (May 2023) 1.9% (May 2023) 6.9% 5.83% UK1 2.8% 5.32% 4.62% 2023 4.05% 1.3% 4.61% 3.83% 2024 2025 BOE base rate forecast (as at July 2023) Inflation (annual average) BOE base rate forecast (as at Dec 2022) Geographically diversified balance sheet³ €49bn (Customer Loans) €25bn (Customer Loans) 1 Sources: ECB/BOE rate forecasts refer to year end rates derived from market pricing; inflation and GDP forecasts from external forecast consensus including CBol, Department of Finance, ESRI in Q2 2023 2 IMF World Economic Outlook April 2023 3 Loan assets based on geographic location of customer €42bn (Wealth and Insurance AUM) €7bn (Customer Loans) 6

View entire presentation