H1 2020 Credit Presentation
NPE ratio increase to 5.8%
6.3%
4.4%
€5.0bn
€3.5bn
NPE movements
€0.5bn
€0.6bn
5.8%
•
€4.6bn
Dec 18
Dec 19
Inflows
Definition of
Default
Jun 20
Mortgages
(ROI)
Non-property SME
⚫ NPE ratio
NPEs by portfolio
€1.5bn
€1.6bn
€0.9bn
and corporate
€1.1bn
Property and
€0.6bn
construction
€1.1bn
Mortgages
(UK)
€0.5bn
€0.6bn
Consumer
€0.1bn
(ROI & UK)
€0.1bn
Dec 19 Jun 20
1 See slide 49
Bank of Ireland H1 2020 Credit Presentation
Non-performing exposures
•
•
NPE ratio increased by 140bps to 5.8%
€0.6bn inflows primarily from credit migration in
Non-property SME and corporate, and Property and
construction portfolios
Implementation of new Definition of Default regulatory
framework increased NPEs by €0.5bn
No NPE transactions completed in H1 2020 due to
market conditions
Group NPE coverage ratio increased by 10% to 47% at
Jun 2020
Jun 20
Coverage Ratio
.
29%
73%
42%
21%
Outlook
Proven track record of working with customers to
implement sustainable solutions; significantly below
industry average for arrears management¹
NPE transactions dependent on market conditions
Bank of Ireland
23View entire presentation