Investor Presentaiton
Updating guidance for improved
2021 outlook
Bank of Ireland 2021 Interim Results - Debt Investor Presentation
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Profitability
Asset Quality
Capital
H2 2021 total income expected
to be c.5% higher vs H1 2021
reflecting
Higher net interest income¹
Higher business income
Valuation items broadly
unchanged vs H1 2021
Costs will continue to reduce
2021 costs <€1.65bn
2023 costs of €1.5bn
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
End 2021 CET1 ratios expected
to increase by c.30bps - 50bps
above Jun 2021 levels
Additional balance sheet
optimisation initiatives being
progressed during H2 2021
Group has sufficient capital
resources available to support
execution of proposed inorganic
opportunities
Distributions to recommence on
a prudent and progressive basis
based on performance and
capital outlook
1 Including c.€50m potential income benefit from TLTRO III if second benchmark achieved in Dec 2021
Bank of Ireland
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