2020 Results Announcement
2021 outlook continues to be impacted by COVID-19 Bank of Ireland 2020 Results Announcement
Profitability
Asset Quality
Capital
29
29
2021 total income expected
to be broadly in line with 2020
reflecting:
-
-
Lower net interest income
Higher business income
Lower charge for valuation
items
Costs will continue to reduce:
2021 costs <€1.65bn
2023 costs of €1.5bn
Subject to no further
deterioration in the economic
conditions or outlook,
the majority of the credit
impairment risk associated with
COVID-19 has been captured
2021 impairment charge
to be materially lower than
2020
•
2021 CET1 ratios expected to
remain broadly in line with
December 2020 levels¹
Distributions to recommence on
a prudent and progressive basis
based on performance and
capital position
Medium term targets to be refreshed at strategy update later in the year
1 Excluding DTA/IFRS 9 phasing impacts on the Group's regulatory CET1 ratio
Bank of IrelandView entire presentation