Investor Presentaiton

Bank of Ireland 2021 Interim Results - Debt Investor Presentation €1m impairment charge reflecting improved economic condition H1 2021 • IFRS 9 models macro-economic update €9m Improved economic outlook resulting in a write-back of €163m €172m charge from model parameter updates primarily due to changes in residential mortgages LGD assumptions Group management adjustment (€8m) Net release of €8m while maintaining €229m stock of management adjustments for H1 2021 for latent risk associated with COVID-19 Requirement to hold will be assessed at FY 2021 2021 Outlook . Loan loss experience and portfolio activity (Net €0m) Muted loan loss experience in H1 2021 Net zero charge reflects a small number of offsetting outcomes across loan portfolios 30 June 2021 2021 2022 2023-2025 Central Scenario - 45% weighting Macro-economic scenarios¹ have been upgraded to reflect improved outlook compared to Dec 2020 Irish GDP growth 4.7% 4.9% 3.0% Irish Unemployment (unadjusted) 8.0% 7.4% 5.6% Existing COVID-19 government Irish House Price Index 3.0% 2.0% 1.3% supports expected to be phased out during H2 2021 Irish Commercial Real Estate (5.5%) (0.5%) 1.5% Subject to no material change in the economic conditions or outlook, we expect the H2 2021 impairment charge to be broadly similar to H1 2021 and supported by the current stock of ILAs of €2.1bn 1 See page 52 for 2021-2025 macro-economic assumptions used in IFRS 9 models Bank of Ireland 18

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