Investor Presentaiton
0
2
1
Q1 2015
€ Billions
3
+
5
Q2 2015
Q3 2015
9
ECB's purchases have offered strong support
PEPP expected to end in 2022 but support from ECB will continue in other forms
Q4 2015
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
IPSPP Net IGB purchases (LHS)
PEPP/PSPP net purchases (LHS)
Q3 2017
Q4 2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021f
Q1 2022f
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Source: ECB, NTMA Calculations
Notes: Forecasts sees Ireland's capital key of 1.69% and assumes 90% of new purchases will be for public sector
assets with 7% of public sectors assets being supranational issuers.
Cumulative Net ECB Purchases (RHS)
39
0
OHN WAS28
10
50
40
30
20
80
70
60View entire presentation