Bank of Ireland Q1 2020 IMS Presentation
Significant support being provided to our customers
Bank of Ireland Q1 2020 IMS Presentation
Payment breaks
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Proactively engaging with Banking & Payments Federation Ireland (BPFI), the Central Bank of Ireland (CBI) and Government to
provide support to our customers, including recent extension of payment breaks to 6 months
BOI UK has also been engaging with a range of stakeholders including UK Finance, British Business Bank, Finance Leasing
Association, the FCA and PRA
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Focus is on delivering fair, practical and sustainable solutions
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Granting of payment breaks does not automatically trigger a move to Stage 2 under IFRS 9
To protect customer credit profile, as agreed with the CBI, payment breaks are not adversely reported on Central Credit Register
Pace of requests has fallen materially in recent weeks; 90% of requests by mid-April
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86k payment breaks since mid-March launch
Ireland1
18k Mortgage payment breaks agreed
10% of number of accounts
12% of portfolio
UK1
20k Mortgage payment breaks agreed
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11% of number of accounts
13.5% of portfolio
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4k Consumer loan payment breaks; c.4% of accounts and
c.6% of exposures
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17k Northridge payment breaks; 7% of accounts and 12%
of exposures
11k SME payment breaks²; c.5% of accounts and c.26%
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of exposures; additional c.4k provided with working capital
support
15k Consumer loan payment breaks; 12% of accounts
and 14.5% of exposures
1k SME payment breaks in Northern Ireland; 6% of
accounts and 7% of exposures
1 As at 01/05/2020
2 Includes Bank of Ireland Finance
Bank of Ireland
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