2019 Interim Results Credit Presentation
Non-core items
2019 Interim Results Credit Presentation
H1 2018
(€m)
H1 2019
(€m)
Customer redress programme
- Tracker Mortgage Examination
(62)
(55)
- Other programme
Cost of restructuring programme¹
(7)
(51)
(21)
(Loss) gain on disposal / liquidation of business activities
Gain on disposal of Property
Investment return on treasury stock held for policyholders
(3)
7
1
UK business divestments, net of disposal costs²
2
Gross-up for policyholder tax in the Wealth and Insurance business
Total non-core items
(2)
22
(46)
(61)
1 Restructuring costs of €21 million in H1 2019 primarily relate to a reduction in employee numbers (€17 million), programme management costs
(€2 million) and costs related to the implementation of the Group's property strategy (€2 million)
Bank of Ireland
2 Relates to UK Credit Cards, Post Office ATMs and Post Office Current Accounts
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