Investor Presentaiton
Capital¹
CET1 ratios
Total equity (excl additional Tier 1 capital)
Less 2009 Preference Shares
Deferred Tax²
Pension Deficit
Available for sale reserve
Removal of National Filters
Other Items³
Common Equity Tier 1 Capital
Bank of Ireland Group
Transitional ratio
(€bn)
9.5
Fully loaded ratio (excl Prefs)
(€bn)
9.5
(1.3)
(0.1)
(1.4)
0.4
(0.4)
(0.2)
(0.9)
(1.0)
8.3
5.8
52.6
52.5
15.9%
11.1%
RWAS
Common Equity Tier 1 Capital
Basel III phasing impacts
Deferred Tax Asset - deduction is phased in at 10% per annum commencing 1 Jan 15
Pension deficit - addback is phased out at 20% per annum commencing 1 Jan 14
Available for sale reserve - between 2015-2018, unrealised losses and gains will be phased in at the following rates: 40%, 60%,
80%, 100%. The Group has opted to maintain its filter on both gains and losses on exposures to central governments classified
in the "Available for Sale" category. The reserve is recognisable in capital under fully loaded CRD IV rules
¹Capital ratios have been presented including the benefit of the retained profit for the period.
2RWA impact for deferred tax assets includes a 0% risk weighting for deferred tax assets on losses carried forward,
partially offset by 250% risk weighting applied to deferred tax assets due to temporary differences.
Other CET1 items primarily reflect intangibles and cash flow hedge reserve.
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