Investor Presentaiton
Capital Guidance and Distribution Policy
Bank of Ireland 2018 Results Announcement
Capital
Guidance
• The Group expects to maintain a CET1 ratio in excess of 13% on a regulatory basis and on a fully loaded
basis by the end of the O-SII phase-in period¹
Distribution
Policy
Proposed
Dividend
• This includes meeting applicable regulatory capital requirements plus an appropriate management buffer
• The Group expects that dividends will increase on a prudent and progressive basis and, over time, will build
towards a payout ratio of around 50% of sustainable earnings
• Dividend level and rate of progression will reflect, amongst other things:
Strength of the Group's capital and capital generation;
-
Board's assessment of growth and investment opportunities available;
Any capital the Group retains to cover uncertainties; and
Any impact from the evolving regulatory and accounting environments
• Other means of capital distribution will be considered to the extent the Group has excess capital
Proposed dividend of 16 cent per share / €173m in respect of 2018, increased from 11.5 cent per share/
€124m in 2017
1 The Other Systemically Important Institution (O-SII) buffer will be introduced at 0.5% in July 2019, increasing to 1.0% in July 2020 and
1.5% in July 2021
Bank of Ireland
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