Bank of Ireland H1 2020 Credit Presentation
Outlook
Profitability
Asset Quality
•
•
•
2020
gross
new lending
volumes expected to be c.70%
of 2019 volumes
Net interest income in 2020 to
be c.5% lower than 2019
2020 business income to be
20%-30% lower than 2019
Costs will continue to reduce:
-
2020 costs to be lower than
2019
2021 costs to be below
previous guidance of
€1.65bn
While we expect economic
recovery commencing in H2
2020, COVID-19 and Brexit are
ongoing uncertainties
Subject to no further
deterioration in the economic
environment or outlook, 2020
impairment charge expected
to be in a range of c.€1.1bn to
€1.3bn
Bank of Ireland H1 2020 Credit Presentation
Capital
•
2020 regulatory CET1 ratio to
remain above 13.5%
No dividend deduction assumed
for 2020
Longer term impacts of COVID-19 on the economy and the Group's financial performance remain uncertain,
our medium term targets should therefore no longer be considered current in these circumstances
Bank of Ireland
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