Investor Presentaiton
Asset Quality
Net impairment (charges) / gains
Bank of Ireland 2019 Results Announcement
224
24
(2bps)
(€15m)
2017
5bps
€36m
2018
(26bps)
(€210m)
2019
Net impairment (charges) / gains Net impairment (charges) / gains in bps
Asset Quality
•
Net impairment charges in 2019 of €210m / 26bps (H1 2019:
21bps, H2 2019: 32bps)
Increase in 2019 vs. 2018 reflects:
-
A more normalised level of impairments in line with
guidance
Higher charges in H2 2019 driven by losses on a small
number of large exposures
Increased coverage on ROI mortgage NPEs in advance of
NPE calendar coverage requirements
Growth in UK consumer lending; and
Model updates in line with the macroeconomic outlook
Net impairment (charges) / gains by portfolio
Non-property SME
and Corporate
(€76m)
€14m
€60m
Outlook
• Absent a deterioration in the economic environment or
outlook, expect net impairment charge to be at the upper end
of a range of 20-30bps p.a. during 2020-2021
(€60m)
Mortgages (ROI)
(€24m)
Property and
€12m
Construction
(€58m)
Consumer
(ROI & UK)
(€37m)
Mortgages (UK)
€8m
(€13m)
2018
2019
Bank of IrelandView entire presentation