2022 Interim Results - Debt Investor Presentation
Prudent asset quality coverage levels
in face of economic uncertainty
Group loan book by stage
Bank of Ireland 2022 Interim Results - Debt Investor Presentation
21
21
€4.3bn
32.2%
€12.4bn
€4.1bn
33.6%
€10.3bn
3.5%
3.4%
€61.2bn
€61.8bn
0.3%
0.2%
1.6%
Stage 1
Dec-21
Jun-22
Stage 2 Stage 31 Stage ILA coverage %
Coverage levels remain conservative
1.5x pre-COVID
2.5%
37%
1.2x pre-COVID
45%
Stock of impairment loss allowance of €1.9bn
June 2022 coverage of 2.5% unchanged vs Dec 2021;
remains prudent given uncertain economic backdrop
Management adjustments €352m on balance sheet,
19% of total provision stock (FY 21 20%)
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Stage 1, 2 and 3 coverage all above pre-COVID levels
Stage 2 volumes reduced from 16% to 13% in H1 22;
primarily reflects the net impact of updated COVID-19
post model staging adjustment
Prudent provision coverage levels
Provision coverage remains well above pre-COVID
levels; loan book coverage 1.5x pre-COVID levels,
primarily driven by
-
-
-
UK mortgage coverage at 1.9x
Non-property SME & Corporate at 1.5x
Property & Construction at 1.8x
NPE coverage at 45% is 1.2x pre-COVID level
Jun-22
Dec-19
Jun-22
ILA % of NPES
Dec-19
■ILA % of gross loans
1 Includes POCI
Bank of IrelandView entire presentation