Bank of Ireland H1 2020 Credit Presentation
Regulatory Ratios
Regulatory CET1 ratio
Bank of Ireland H1 2020 Credit Presentation
40bps
RWAS
€50.1bn
50bps
(25bps)
(40bps)
RWAS
€47.9bn
(10bps)
(15bps)
(60bps)
45bps
5bps
15.0%
Impairment (190bps)
IFRS9 Addback 60bps
EL offset
Net impact
55bps
RWA reduction 35bps
(40bps)
(15bps)
Regulatory capital
demand
14.9%
Dec 19
Pre-impairment 2019 Dividend
organic capital
CRD Phasing
Credit
deterioration
Loan Growth/ Transformation.
RWA²
investment
factor
Definition of SME supporting Other / Pension
Default / IRB
Jun 20
generation¹
models
Regulatory Capital Metrics
CET1 Ratio
Dec 19
15.0%
Jun 20
14.9%
Tier 1 Items/Instruments:
1.3%
1.4%
Tier 1 Ratio
16.3%
16.3%
Tier 2 Items/Instruments:
2.3%
2.4%
Total Capital Ratio³
18.6%
18.7%
Risk Weighted Assets
€50.1bn €47.9bn
MREL Ratio
Leverage Ratio
23.8%
7.1%
24.4%
6.8%
CET1
Movement in CET1 ratio broadly aligned with movement
in fully loaded ratios with reduced impact of credit
deterioration due to IFRS9 addback
Tier 1 & Total Capital
No material change in Tier 1/ Tier 2 buckets pending
further AT1 / Tier 2 issuance to meet increased Tier 1 /
Tier 2 requirements following P2R composition change
MREL
.
•
AT1 and senior debt issuance of c.€0.75bn during H1 2020
MREL ratio of 24.4% based on RWA at Jun 2020
1 Pre-impairment organic capital generation primarily consists of attributable profit excluding impairment and movements in regulatory
deductions
2 Loan Growth/RWA movements from net loan growth, changes in asset quality and book mix and movements in other RWAS
3 Further to EBA Q&A 2017_3329 the calculation of the Total Capital ratio is stated after a prudent application of the requirements of Articles
85/87 of CRR. The application of the requirements of Articles 85/87 by SSM banks is under review by the ECB
Bank of Ireland
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