Bank of Ireland 2020 Debt Investor Presentation
Lower business income reflects lower
economic activity
FY 2019
(€m)
FY 2020
(€m)
Wealth and Insurance
277
214
.
Retail Ireland
254
209
Retail UK
(18)
6
Corporate and Treasury
154
139
Group Centre and other
•
(1)
(7)
Business Income
666
561
•
Share of associates /JVs
39
(4)
Total Business Income incl. JVs
705
557
Additional Gains
5
5
Valuation and other items
(2)
(61)
Other Income
708
501
Bank of Ireland 2020 Debt Investor Presentation
Lower business income reflects COVID-19 impact on
economic activity
•
23% decrease in Wealth and Insurance from lower sales
and existing book experience
18% reduction in Retail Ireland from lower transaction
fees and FX income
Corporate and Treasury fee income reduced by 10%
from lower underwriting income
JVs €43m lower due to UK travel restrictions
Valuation and other items charge of €61m; recovering
from peak Q1 impact of €155m, as equity and bond
markets recover
12% recovery in business income in H2, including share
of associates and JVs
H2 Business income incl. JVs recovering +12%
€263m
(€3m)
€294m
(€1m)
•
14% increase in Wealth and Insurance
•
3% increase in Retail Ireland
•
7% growth in Corporate and Treasury
€266m
€295m
H1 20
H2 20
Business income JVs
JV income broadly flat and continues to be impacted by
travel restrictions
Bank of Ireland
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