2018 Credit Presentation
Return on tangible equity (ROTE)
2018: Headline vs. Adjusted
2018 Credit Presentation
Adjustment for
CET1 Ratio
at 13%
2018
Adjusted
(€m)
Additional gains,
2018
Headline
& valuations
(Єm)
items¹,
net of tax
Adjustments
2018
impairment
gains, net of
tax
"Normalised❞
impairment
adjustment, net
of tax
Profit for the period
675
Non-Core items, net of tax
78
Coupon on Additional Tier 1 securities
(48)
Preference share dividends
(7)
Adjusted profit after tax
698
38
(34)
(127)
At Dec 2018
Shareholders' equity
9,243
Intangible assets
(802)
Shareholders' tangible equity
8,441
Average shareholders' tangible equity
8,229
Return on tangible equity (ROTE)
8.5%
575
52
62
(184)
9,059
(802)
(184)
8,257
(296)
7,933
7.2%
⚫ 2018 Adjusted Return on Tangible Equity is adjusted for;
Additional gains and valuations items¹, net of tax - €38m
-
-
Reversal of 2018 net impairment gain 2018, net of tax - €34m
"Normalised" impairment charge (20bps), net of tax - €127m
Average Shareholders' tangible equity calculated on a CET1 Ratio at 13% - €296m
1 Excludes IFRS income classifications which is fully offset in net interest income
Bank of IrelandView entire presentation