Bank of Ireland H1 2020 Credit Presentation
Property and construction
Gross loans by stage
2.8%
€230m
€8.1bn
€0.6bn
€1.5bn
€6.0bn
Dec 19
Stage 1 Stage 2 Stage 3
ILA movement
€46m
Dec 19
Stage 1/2
€179m
Bank of Ireland H1 2020 Credit Presentation
€8.2bn
•
€1.1bn
€3.4bn
€3.7bn
Jun 20
5.6%
€455m
•
Property and construction
10% of Group loan book; €7.4bn Investment Property;
€0.8bn Development lending
>40% Investment property exposures in Dublin; 30% UK
exposures
Investment Property exposures largely Retail (37%),
Office (33%), Residential (19%) and Other (11%); 75% of
the book LTV <70%
Development lending portfolio comprises exposures to
active development sites
Deterioration in macro-economic outlook driving stage
migration including forecast decrease in commercial
property prices
Legacy investment property exposures driving €179m
increase in Stage 3 ILA
Impairment coverage increased from 2.8% to 5.6% at
June 2020
Stage 3
Jun 20
●ILA % of gross loans
21
21
Bank of IrelandView entire presentation