Bank of Ireland 2022 Interim Results
2022 outlook
•
Profitability
Total income (excluding
acquisitions)
-
Modestly higher net interest
income
Higher business income
Unchanged additional gains
and valuation items vs H1 22
2022 costs to be lower than
2021 after absorbing inflation,
excluding acquisitions and
one-off investment relating to
onboarding customers from
exiting banks
One-off investment of
c.€30m expected to capture
opportunities from exiting
banks
Davy H2 performance expected
to be similar to H1
Asset Quality
Impairment charge to be
lower than 20bps subject to no
material change in economic
conditions or outlook
NPEs to continue to reduce
through combination of organic
and inorganic activity
•
Bank of Ireland 2022 Interim Results
Capital
Strong organic capital
generation in 2022; capital
outlook supports continued
growth and investment
CET1 target >13.5%;
accommodates increased
countercyclical buffers
Distributions expected to
increase on a prudent and
progressive basis
Bank of Ireland
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