2018 Credit Presentation
Income Statement
Net interest income analysis
2018 Credit Presentation
Hồ 2017
H2 2017
H1 2018
H2 2018
Average
Gross Gross
Volumes Interest Rate
(Єbn) (€m) (%)
Average Gross
Volumes Interest
(€bn) (€m)
Gross
Rate
(%)
Ireland Loans¹
35.5
547
3.11%
35.3
545
3.07%
Average Gross
Volumes Interest
(Єbn) (Єm)
34.6
Gross Average Gross
Rate Volumes Interest
(%) (€bn) (Єm)
Gross
Rate
(%)
531
3.09%
34.4
531
3.06%
UK Loans
29.5
460
3.15%
28.0
430
3.05%
28.1
440
3.16%
27.6
447
3.21%
C&T Loans
12.7
254
4.03%
12.8
253
3.92%
13.6
259
3.85%
14.6
287
3.89%
Total Loans & Advances to Customers
77.7
1,261
3.27%
76.1
1,228
3.20%
76.3
1,230
3.25%
76.6
1,265
3.28%
Liquid Assets
21.3
49
0.46%
20.8
43
0.41%
22.1
35
0.32%
22.7
38.
0.33%
NAMA Sub Debt
0.3
17
11.97%
0.3
17
11.97%
Total Interest Earning Assets
99.3
1,327
2.70%
97.2
1,288
Ireland Deposits
20.6
(12)
Credit Balances²
27.1
0
(0.00%)
UK Deposits
C&T Deposits
19.3
(83)
(0.86%)
6.0
(10)
(0.35%)
Total Deposits
73.0
(105)
(0.29%)
(0.12%) 20.4
29.3
18.2
5.2
73.1
(9)
+ ©
2.63%
(0.08%) 20.5
0.03% 30.5
(74) (0.80%) 18.9
(0.35%) 4.7
0.2
98.6
4
1,269
(8)
2
(81)
(9)
3.50%
0.1
2.60% 99.4
(0.08%) 20.7
0.01% 32.8
(0.86%) 18.6
(0.39%) 4.9
2
5.24%
1,305
2.60%
(8)
(0.08%)
3
0.02%
(88)
(0.94%)
(9)
(0.37%)
(88)
(0.24%) 74.6
(96)
(0.26%) 77.0
(102)
(0.26%)
Wholesale Funding³
14.3
(43)
(0.60%) 12.3
(36)
(0.58%) 12.3
(45)
(0.73%) 11.0
(52)
(0.94%)
Subordinated Liabilities
1.4
(35)
(5.17%)
1.8
(42)
Total Interest Bearing Liabilities
88.7
(183)
(0.42%)
87.2
(166)
(4.80%) 2.1
(0.38%)
89.0
(49)
(190) (0.43%)
(4.77%) 2.1
(51)
(4.86%)
90.1
(205)
(0.45%)
IFRS Income Classification
Other4
(8)
7
5
7
7
(25)
9
(22)
Net Interest Margin
99.3
1,143
Average ECB Base rate
Average 3 month Euribor
Average BOE Base rate
2.32%
0.00%
97.2
1,102
2.25%
0.00%
98.6
1,095
2.23%
0.00%
99.4
1,085
2.17%
0.00%
(0.33%)
(0.33%)
(0.33%)
(0.32%)
0.25%
0.32%
0.50%
0.70%
Average 3 month LIBOR
0.33%
0.38%
0.62%
0.82%
1 Includes average interest earning assets of c.€0.3bn in 2018 carried at Fair Value through Profit or Loss with associated FY18 interest income of c.€15m
2 Credit balances in H2 2018: ROI €25.4bn, UK €3.3bn, C&T €4.1bn
3 Includes impact of credit risk transfer transactions executed in Dec 2016 and Nov 2017
4 Includes customer termination fees, EIR adjustments and other adjustments that are expected to be of a non-recurring nature
Bank of Ireland
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