Market Leader with Potential for Further Penetration
NII-Prudent Loan Growth, Defending Margins
New lending and performing book to grow in line with
economic growth
Outlook
New lending and performing book to grow by c.4% p.a.
from 2022-2025
Drivers
•
•
•
•
•
•
Economic growth expected to continue at annual average
of c.4% from 2022-2025
Maintain leading market share whilst safeguarding pricing
Defend interest margin via the introduction of fixed interest
rate loan products
Competitive pressure on lending rates
International and shipping loan portfolio to grow to c.€1 bn
(c. €0.7 bn as at 31 March 2023)
Help deploy EU Recovery & Resilience Fund (2021-2026:
€1.2 bn)
CAGR
+4%
€ bn
2.0
2.1
0.6
FY2019 FY2022
FY2023 FY2024
FY025
Performing gross loan book
CAGR
+4%
€ bn
9.8
9.2
Dec 19
Dec 22 Dec 23
Dec 24
Dec 25
95% of performing loan book is variable based
9%
Euribor
17%
52%
Base rate
MRO
Other
22%
51View entire presentation