Bank of Ireland 2020 Debt Investor Presentation
Ireland Mortgages: €22.9bn
New Lending volumes and Market Share
27%
€2.3bn
2018
24%
€2.3bn
€23.7bn
25.5%
€9.5bn
Bank of Ireland 2020 Debt Investor Presentation
ROI Mortgages (gross)
€23.0bn
€11.2bn
€22.9bn
€12.2bn
€4.4bn
€3.2bn
€2.9bn
€2.1bn
€9.8bn
€8.7bn
€7.9bn
Dec 18
Dec 19
Dec 20
2019
2020
Market Share
■New Lending Volumes
Tracker Variable Rates Fixed Rates
42
42
•
Pricing strategy
•
Fixed rate led mortgage pricing strategy which provides
value, certainty and stability to our customers and to the
Group
Fixed rate products accounted for c.95% of our new
lending in 2020, up from c.30% in 2014
Distribution strategy - continued expansion into broker
channel
•
The Group has continued building out the broker channel
expansion in 2020, establishing a large network of active
brokers at a national level
Wider proposition
•
•
6 in 10 Ireland customers who take out a new mortgage
take out a life assurance policy through the Bank of Ireland
Group
4 in 10 Ireland customers who take out a new mortgage
take out a general insurance policy through the Bank of
Ireland Group with insurance partners
1 Average customer pay rate of 111bps less Group average cost of funds of 32bps
LTV profile
.
Average LTV of 60% on mortgage stock at December
2020 (December 2019: 59%)
Average LTV of 75% on new mortgages in 2020 (2019:
74%)
Tracker mortgages
•
€7.5bn or 95% of trackers at December 2020 are on a
capital and interest repayment basis
82% of trackers are Owner Occupier mortgages; 18% of
trackers are Buy-to-Let mortgages
Loan asset spread on ECB tracker mortgages was
c.79bps' in 2020
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