2020 Results Announcement

Macro-economic conditions, outlook and loss experience driving stage migration €80.5bn¹ €3.1bn €5.6bn Gross loans by stage • €78.5bn¹ €4.5bn Bank of Ireland 2020 Results Announcement 1.6% €71.8bn Dec 19 Stage 1 Stage 2 Stage 3¹ ILA movement €15.8bn €58.2bn Dec 20 • 2.9% €366m €568m €2,242m Stage migration and stock of ILA €10.2bn increase in Stage 2 loans since 2019 reflecting deteriorated macro-economic outlook - - Non-property SME and corporate portfolio Stage 2 loans increased €6bn Property and construction Stage 2 loans increased €3.4bn Residential mortgages Stage 2 loans increased €0.8bn Stage 3 loans of €4.5bn; increase of €1.3bn since 2019 €0.9bn increase on implementation of new Definition of Default; remainder primarily from credit migration in corporate and property portfolios ILA increased by €0.9bn to €2.2bn since 2019 - €0.57bn increase on performing loan books €0.37bn increase in Stage 3 ILA from credit migration in non-property SME and corporate and property and construction portfolios €1,308m Dec 19 Stage 1/2 Stage 3 Dec 20 ⚫ILA % of gross loans 1 Includes Purchased or Originated Credit Impaired (POCI) loans of €0.1bn in 2019 and 2020 Bank of Ireland 26

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