Bank of Ireland 2020 Debt Investor Presentation
As 2021 progresses, Irish recovery expected to
become more broad-based
120
100-
80-
60-
40-
Bank of Ireland Pulse shows sentiment
holding up, particularly for housing
20+
Jan 20
May 20
Sep 20
Jan 21
Economic
Housing
200bn
175bn
Deposits¹ grew €25bn / 15% during 2020
150bn
125bn
100bn
75bn
Q1 19
Q2 19
Q3 19 Q4 19 Q1 20 Q2 20 Q3 20
Households NFCS
Q4 20
•
•
Bank of Ireland 2020 Debt Investor Presentation
As of 22 February, total COVID-19 vaccine doses
equivalent to c.7% of the population had been
administered in Ireland, vs. an EU average of c.6%
Tighter COVID-19 restrictions weighing on overall
economic sentiment
Reopening of retail, construction and hospitality sectors
will support stronger recovery
-
247k of the 473k people currently (as of 23 February)
on the Irish government's Pandemic Unemployment
Payment previously worked in those three sectors
Housing sentiment positive; Bank of Ireland's Housing
Pulse has returned to pre-pandemic levels
Growth in private sector deposits; +15% since 2019,
supportive of future consumer spending and business
investment
Irish household debt at 15 year low of €130bn; ratio of
debt-to-disposable income has improved from peak of
210% in 2011 to current 107%
Sources: Bank of Ireland Economic Pulse; Bank of Ireland Housing Pulse; Central Bank of Ireland; Ireland Health Service Executive;
European Centre for Disease Prevention and Control; Ireland Department of Social Protection
1 Households and Non-Financial Corporations only, excludes Insurance Corporations and Pension Funds / Other Financial Intermediaries
Bank of Ireland
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