HY23 Interim Results Announcement

Forward looking information - macro-economic scenarios Bank of Ireland 30 June 2023 Central scenario - 40% probability weighting GDP growth¹ Ireland United Kingdom 2023 2024 2025-2027 2023 2024 2025-2027 5.4% 4.6% 3.9% 0.0% 1.0% 1.7% GNP growth¹ Unemployment rate² 5.0% 4.3% 3.7% n/a n/a n/a 4.3% 4.3% 4.5% 4.1% 4.4% 4.4% Inflation rate² 5.0% 2.9% 2.1% 6.9% 2.8% 1.7% Residential property price growth³ (2.0%) 0.0% 1.7% (7.0%) (4.0%) 1.7% Commercial property price growth³ (9.5%) (7.0%) 1.8% (7.0%) (6.0%) 2.0% Upside scenario -15% probability weighting GDP growth¹ 6.1% 5.7% 4.3% 0.9% 2.2% 2.1% GNP growth¹ 5.8% 5.4% 4.0% n/a n/a n/a Unemployment rate² 4.2% 3.8% 3.5% 3.7% 3.6% 3.5% Inflation rate² 4.6% 2.3% 2.2% 6.2% 2.1% 2.0% Residential property price growth³ 2.0% 2.0% 2.0% (2.0%) 0.0% 2.3% Commercial property price growth³ (6.0%) (1.5%) 2.5% (3.0%) 1.0% 2.7% Downside scenario 1 - 30% probability weighting GDP growth¹ 4.4% 2.7% 3.5% (0.7%) (1.0%) 1.3% GNP growth¹ 3.9% 2.2% 3.2% n/a n/a n/a Unemployment rate² 4.9% 6.0% 6.3% 4.9% 5.8% 6.2% Inflation rate² 5.7% 3.7% 2.0% 7.7% 3.6% 1.5% Residential property price growth³ (12.0%) (5.0%) 0.0% (13.0%) (7.0%) (0.7%) Commercial property price growth³ (12.5%) (10.0%) 0.0% (10.5%) (10.0%) 0.0% Downside scenario 2 - 15% probability weighting GDP growth¹ 3.0% 0.5% 3.1% (2.1%) (2.3%) 0.8% GNP growth¹ 2.3% (0.2%) 2.6% n/a n/a n/a Unemployment rate² 5.5% 7.9% 8.5% 5.8% 7.4% 8.0% Inflation rate² 6.3% 4.2% 1.8% 8.4% 4.2% 1.3% Residential property price growth³ (16.0%) (8.0%) (2.0%) (17.0%) (11.0%) (2.0%) Commercial property price growth³ (17.5%) (13%) (1.8%) (16.0%) (12.5%) (1.8%) 1 Annual growth rate 2 Average yearly rate 3 Year-end figures 38

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