2019 Interim Results

BOI Overview Income Statement Bank of Ireland 2019 Interim Results FY 2015 FY 2016² FY 20173 FY 2018 H1 2019 (€m) (€m) (€m) (€m) (€m) Total income 3,272 3,126 3,049 2,805 1,411 - Net interest income 2,454 2,298 2,248 2,146 1,069 - Other income (net) before additional gains and valuation items 626 615 662 672 311 - Additional gains, valuation and other items 192 213 139 (13) 31 Operating expenses (1,746) (1,741) (1,796) (1,739) (840) Transformation Investment charge (41) (104) (113) (63) Levies and Regulatory charges Operating profit pre-impairment (75) (109) (99) (101) (73) 1,451 1,235 1,050 852 435 Net impairment (charges) / gains (296) (178) (15) 42 (79) Share of associates / JVS 46 41 43 41 20 Underlying profit before tax 1,201 1,098 1,078 935 376 Non core items 31 (63) (226) (100) (61) Profit before tax 1,232 1,035 852 835 315 Net interest margin 2.19% 2.20% 2.29% 2.20% 2.16% Cost / income ratio¹ 53% 57% 62% 66% 64% 1 Cost/income ratio is calculated as operating expenses (excluding levies and regulatory charges) divided by total income 2 Comparative figures for 2016 have been restated to reflect the impact of the reclassification of the charges relating to the Central Bank of Ireland's Tracker Mortgage Examination Review as non-core and the impact of the voluntary change in the Group's accounting policy for Life assurance operations 3 Comparative figures have been restated to reflect the impact of the reclassification of €7 million of costs from the Transformation Investment charge (formerly the Core Banking Platform Investment charge) to Operating expenses (before Transformation Investment and levies and regulatory charges) for 2017 Bank of Ireland 31

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