Bank of Ireland 2019 Credit Presentation
Capital and liquidity available to support growth
Bank of Ireland 2019 Credit Presentation
Strong funding and liquidity from increased customer
deposits and MREL issuance
Customer deposits: €84.0bn
Growth of €5.1bn primarily reflecting strong economic activity
in Ireland
Wholesale funding: €11.0bn
• Senior and subordinated debt issuance of €1.55bn during
2019 to meet MREL regulatory requirements
MREL requirement of 27.1% of RWA to be met by 1 Jan
2021:
MREL ratio of 23.8% based on RWA at Dec 2019
MREL eligible senior debt issuance of c.€1bn - €2bn p.a.
anticipated
Leverage Ratio
Fully Loaded Leverage Ratio: 6.5%
Regulatory Leverage Ratio: 7.1%
Tangible Net Asset Value
4% growth in TNAV to €8.21 in 2019
Liquidity
Dec 2018 Dec 2019
(€bn)
(€bn)
Customer loans
Liquid assets
Other assets
Total assets
Customer deposits
Wholesale funding
Shareholders' equity
Other liabilities
722222
77
79
25
27
26
124
132
79
84
11
11
•
9
10
25
27
Total liabilities
124
132
TNAV per share
Closing EUR/GBP FX rates
€7.87
€8.21
0.89
0.85
.
Dec 2018 Dec 2019
.
Liquidity Coverage Ratio
136%
138%
Net Stable Funding Ratio
130%
131%
•
Loan to Deposit Ratio
97%
95%
Bank of Ireland
16View entire presentation