Bank of Ireland H1 2020 Credit Presentation
Capital - Summary highlights
Capital
Economy
Bank of Ireland H1 2020 Credit Presentation
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MDA headroom increased by c.90bps to c.495bps in H1 2020; further AT1 / Tier 2
issuance would increase headroom
Continued pre-impairment organic capital generation; regulatory change materially
complete
Strong capital position with fully loaded CET1 ratio of 13.6%, regulatory CET1 ratio 14.9%
2020 regulatory CET1 ratio to remain above 13.5%
While uncertainties remain, accelerated economic activity is supporting improved
outlook for 2020 lending and income vs. Q1 outlook
€7.4bn additional fiscal stimulus announced in July to provide further support
towards economic recovery. Irish government's response now c.€24bn / c.11% of GNI
Asset Quality
Proven track record, over a sustained period, of working with customers to find
sustainable solutions
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
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