Investor Presentaiton
Income Statement
Net interest income analysis
Bank of Ireland 2018 Results Announcement
44
42
Hồ 2017
H2 2017
H1 2018
H2 2018
Average
Gross Gross
Volumes Interest Rate
(Єbn) (€m) (%)
Average Gross
Volumes Interest
(€bn) (€m)
Gross
Rate
(%)
Ireland Loans¹
35.5
547
3.11%
35.3
545
3.07%
531
Average Gross Gross Average Gross
Volumes Interest Rate Volumes Interest
(Єbn) (Єm) (%) (€bn) (Єm)
34.6
Gross
Rate
(%)
3.09%
34.4
531
3.06%
UK Loans
29.5
460
3.15%
28.0
430
3.05%
28.1
440
3.16%
27.6
447
3.21%
C&T Loans
12.7
254
4.03%
12.8
253
3.92%
13.6
259
3.85%
14.6
287
3.89%
Total Loans & Advances to Customers
77.7
1,261
3.27%
76.1
1,228
3.20%
76.3
1,230
3.25%
76.6
1,265
3.28%
Liquid Assets
21.3
49
0.46%
20.8
43
0.41%
22.1
35
0.32%
22.7
38.
0.33%
NAMA Sub Debt
0.3
17
11.97%
0.3
17
11.97%
0.2
4
3.50%
0.1
2
5.24%
Total Interest Earning Assets
99.3
1,327
2.70%
97.2
1,288
Ireland Deposits
20.6
(12)
(0.12%)
20.4
(9)
Credit Balances²
27.1
0
(0.00%)
29.3
4
2.63%
(0.08%) 20.5
0.03% 30.5
98.6
1,269
(8)
2
UK Deposits
C&T Deposits
19.3
(83)
(0.86%)
18.2
(74)
(0.80%)
18.9
(81)
2.60%
(0.08%) 20.7
0.01%
(0.86%) 18.6
99.4
1,305
2.60%
(8)
(0.08%)
32.8
3
0.02%
(88)
(0.94%)
6.0
(10)
(0.35%)
5.2
(9)
(0.35%)
4.7
(9)
(0.39%) 4.9
(9)
(0.37%)
Total Deposits
73.0
(105)
(0.29%)
73.1
(88)
(0.24%)
74.6
(96)
(0.26%) 77.0
(102)
(0.26%)
Wholesale Funding³
14.3
(43)
(0.60%) 12.3
(36)
(0.58%) 12.3
(45)
(0.73%) 11.0
(52)
(0.94%)
Subordinated Liabilities
1.4
(35)
(5.17%) 1.8
(42)
Total Interest Bearing Liabilities
88.7
(183)
(0.42%)
87.2
(166)
(4.80%)
(0.38%)
2.1
89.0
(49)
(190) (0.43%)
(4.77%) 2.1
(51)
(4.86%)
90.1
(205)
(0.45%)
IFRS Income Classification
(8)
5
7
7
Other4
7
(25)
9
(22)
Net Interest Margin
99.3
1,143
Average ECB Base rate
Average 3 month Euribor
Average BOE Base rate
2.32%
0.00%
97.2
1,102
2.25%
0.00%
98.6
1,095
2.23%
0.00%
99.4
1,085 2.17%
0.00%
(0.33%)
(0.33%)
(0.33%)
(0.32%)
0.25%
0.32%
Average 3 month LIBOR
0.33%
0.38%
0.50%
0.62%
0.70%
0.82%
1 Includes average interest earning assets of c.€0.3bn in 2018 carried at Fair Value through Profit or Loss with associated FY18 interest income of c.€15m
2 Credit balances in H2 2018: ROI €25.4bn, UK €3.3bn, C&T €4.1bn
3 Includes impact of credit risk transfer transactions executed in Dec 2016 and Nov 2017
4 Includes customer termination fees, EIR adjustments and other adjustments that are expected to be of a non-recurring nature
Bank of IrelandView entire presentation