H1 2020 Credit Presentation

Capital - Summary highlights Capital Economy Bank of Ireland H1 2020 Credit Presentation • . MDA headroom increased by c.90bps to c.495bps in H1 2020; further AT1 / Tier 2 issuance would increase headroom Continued pre-impairment organic capital generation; regulatory change materially complete Strong capital position with fully loaded CET1 ratio of 13.6%, regulatory CET1 ratio 14.9% 2020 regulatory CET1 ratio to remain above 13.5% While uncertainties remain, accelerated economic activity is supporting improved outlook for 2020 lending and income vs. Q1 outlook €7.4bn additional fiscal stimulus announced in July to provide further support towards economic recovery. Irish government's response now c.€24bn / c.11% of GNI Asset Quality Proven track record, over a sustained period, of working with customers to find sustainable solutions Subject to no further deterioration in the economic environment or outlook, 2020 impairment charge expected to be in a range of c.€1.1bn to €1.3bn Bank of Ireland 33

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