2020 Interim Results

Regulatory Capital Requirements Bank of Ireland 2020 Interim Results Pro forma CET1 Regulatory Capital Requirements 2019 2020 2021 Pillar 1 CET1 4.50% 4.50% 4.50% Pillar 2 Requirement (P2R) 2.25% 1.27% 1.27% Capital Conservation Buffer (CCB) 2.50% 2.50% 2.50% ROI Countercyclical buffer (CCyB) UK Countercyclical buffer (CCYB) O-SII Buffer (phase in July each year) Systemic Risk Buffer - Ireland Pro forma Minimum CET1 Regulatory Requirements Pillar 2 Guidance (P2G) 0.60% 0.00% 0.00% 0.30% 0.00% 0.00% 0.50% 1.00% 1.50% 10.65% 9.27% 9.77% Not disclosed in line with regulatory preference Regulatory Capital Requirements The Group's 2020 regulatory CET1 requirement, excluding P2G, has reduced by 218bps, from 11.45% to 9.27%: - Pillar 2 Requirement (P2R): ECB announced change in composition of P2R of 2.25%, which reduced the Group's CET1 P2R by 98bps to 1.27% Countercyclical Buffer (CCYB): the Financial Policy Committee UK (FPC) and the Central Bank of Ireland reduced the UK and ROI CCуB rates to 0% until at least Q1 2022, which reduced the Group's CCyB by c.120bps CET1 headroom of c.560bps to Dec 2020 regulatory capital requirements of 9.27% Regulatory total capital ratio of 18.7% provides headroom of c.495bps above total capital requirement of 14.75% pending further AT1 / Tier 2 issuance to meet increased Tier 1 / Tier 2 requirements following P2R composition change Bank of Ireland 50

View entire presentation