Investor Presentaiton
Bank of Ireland Overview H1 2015
Strong Operating Performance
H1 2014
Hồ 2015
Total income
€1,475m
€1,759m
Net interest margin (NIM)
2.05%
2.21%
Operating expenses
(€813m)
(€875m)
Impairments:
Customer loans
NAMA bonds
(€444m)
€70m
(€168m)
Underlying profit before tax¹
€327m
€743m
Robust balance sheet metrics
Dec 14
Jun 15
€82.1bn
€14.3bn
€85.3bn
€13.3bn
Customer loans (net)
Defaulted loans
CET1 ratios:
Transitional
14.8%
Fully Loaded (excl Prefs)
9.3%
15.9%
11.1%
Total capital ratio
18.3%
20.7%
Liquidity metrics:
NSFR
114%
118%
LCR
98%
101%
LDR
110%
108%
1 Includes share of associates/JVs
Bank of Ireland Group
Underlying profit of €743m in H1 2015; >100%
improvement over H1 2014
NIM improved by 16 bps to 2.21%
All trading divisions contributing to the Group's profitability
Increased new lending by 50% over H1 2014
Largest lender to the Irish economy
UK mortgage lending of £1.3bn (£0.6bn H1 2014)
Reduced defaulted loans to €13.3bn in H1 2015;
(€5bn (27%) below H1 2013 peak), €12.5bn Sep 2015
Organic capital accretion continued in H1 2015; 180bps
increase in fully loaded CET1 to 11.1%
Transitional CET1 ratio of 15.8%, fully loaded CET1
ratio of 10.6% and total capital ratio of 20.7% at
Sep 2015
Positive credit rating action with return to Investment
Grade by Moody's and Standard & Poor's
2View entire presentation