Bank of Ireland 2022 Interim Results
Ireland Mortgages: €22.3bn
New Lending volumes and Market Share
23%
25%
23%
24%
€23.0bn
Bank of Ireland 2022 Interim Results
Ireland Mortgages (gross)
€22.9bn
€22.4bn
€22.3bn
€11.2bn
€12.2bn
€13.1bn
€13.8bn
€1.3bn
€3.2bn
€2.9bn
€1.0bn
€0.9bn
€1.0bn
€2.5bn
€2.2bn
€8.7bn
€7.9bn
€6.8bn
€6.3bn
H119
H1 20
New Lending Volumes
H121
H1 22
Market Share
Dec-19
Dec-20
Dec-21
Jun-22
Tracker Variable Rates
Fixed Rates
Pricing strategy
Fixed rate led mortgage pricing strategy which provides value,
certainty and stability to our customers and to the Group
Fixed rate products accounted for c.96% of our new lending in
H1 2022, up from c.30% in 2014
Distribution strategy - continued expansion into broker
channel
.
The Group has continued building out The Mortgage Store
broker channel in 2022, establishing a large network of active
brokers at a national level
Wider proposition
.
1
6 in 10 Ireland customers who take out a new mortgage take
out a life assurance policy through the Bank of Ireland Group
4 in 10 Ireland customers who take out a new mortgage take
out a general insurance policy through the Bank of Ireland
Group with insurance partners
Average customer pay rate of 113bps less Group average cost of funds of 11bps
LTV profile
Average LTV of 53% on mortgage stock at June 2022 (December
2021:54%)
Average LTV of 74% on new mortgages in H1 2022 (2021: 71%)
Tracker mortgages
•
€6bn or 97% of trackers at June 2022 are on a capital and
interest repayment basis
•
83% of trackers are Owner Occupier mortgages; 17% of trackers
are Buy-to-Let mortgages
.
Loan asset spread on ECB tracker mortgages was c.102bps¹
in H1 2022
Bank of Ireland
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