Bank of Ireland H1 2020 Credit Presentation
ROI Mortgages: €22.9bn
New Lending volumes and Market Share
23%
€1.0bn
24%
€1.3bn
€23.7bn
25%
€9.5bn
€0.9bn
H1 2019
H2 2019
New Lending Volumes
H1 2020
Market Share
Bank of Ireland H1 2020 Credit Presentation
ROI Mortgages (gross)
€23.0bn
€22.9bn
€11.1bn
€11.6bn
€4.4bn
€3.2bn
€3.0bn
€9.8bn
€8.7bn
€8.3bn
Dec 18
Dec 19
Jun 20
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.94% of our new
lending in H1 2020, up from c.30% in 2014
Distribution strategy - continued expansion into broker
channel
•
Establishing a large network of active brokers at a
national level; brokers accounted for 30% of the market
in H1 2020
Wider proposition
•
•
7 in 10 ROI customers who take out a new mortgage take
out a life assurance policy through BOI Group
3 in 10 ROI customers who take out a new mortgage take
out a general insurance policy through BOI Group with
insurance partners
1 Average customer pay rate of 111bps less Group average cost of funds of 39bps
LTV profile
•
•
Average LTV of 60% on mortgage stock at Jun 2020
(Dec 19: 59%)
Average LTV of 76% on new mortgages in H1 2020 (2019:
74%)
Tracker mortgages
•
€7.9bn or 95% of trackers at Jun 2020 are on a capital
and interest repayment basis
82% of trackers are Owner Occupier mortgages; 18% of
trackers are Buy to Let mortgages
Loan asset spread on ECB tracker mortgages was
c.72bps in H1 2020
Bank of Ireland
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