Bank of Ireland 2022 Interim Results
Business income¹ +16% reflecting
improving momentum
H1 2021
(€m)
H1 2022
(€m)
Wealth and Insurance
105
114
Retail Ireland
101
131
Retail UK
(2)
(13)
Corporate and Markets
83
85
Group Centre and other
(5)
(10)
Business Income
282
307
Share of associates /JVs
1
21
Business Income incl. JVs (ex Davy)
283
328
Davy
0
13
Total Business Income
283
341
Additional gains
2
83
Valuation and other items
34
(86)
Other Income
319
338
1 Including Share of Associates and JVs and excluding Davy
Bank of Ireland 2022 Interim Results
20
20
Wealth & Insurance +9% y/y from higher new life
business and improved performance on the existing
book
Retail Ireland +30% y/y vs H1 21 due to higher current
account, card fees and FX commission income. H1 21
impacted by COVID-19
Retail UK fee expense primarily reflects profit sharing
arrangement, with benefits reflected in net interest
income
Associates and JVs benefitting from recovery of UK
travel industry
Davy reflects one month's income following acquisition
completion on 1 June
Additional gains reflect H1 22 bond sales (c.€3.6bn)
Valuation and other items reflect lower equity and
bond markets
•
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