2019 Interim Results Credit Presentation
Dec 2018 Jun 2019
(€bn)
Capital and liquidity available to support growth
Strong liquidity ratios
Liquidity Coverage Ratio: 134%
2019 Interim Results Credit Presentation
•
(€bn)
•
Customer loans
Liquid assets
Wealth and Insurance assets
Other assets
7575
Net Stable Funding Ratio: 128%
78
25
23
17
18
7
•
. Loan to Deposit Ratio: 97%
Customer deposits: €80.2bn
Customer deposits predominantly sourced through retail
distribution channels
Total assets
124
126
Customer deposits
79
80
Wholesale funding
11
10
Wealth and Insurance liabilities
17
18
Other liabilities
7
8
Shareholders' equity
9
9
Additional Tier 1 security & other
1
1
Total liabilities
124
126
TNAV per share
€7.87
€7.88
Dividend per share
16.0c
18.5c
Closing EUR/GBP FX rates
0.89
0.90
Wholesale funding: €10.3bn
Monetary Authority borrowings of €1.9bn² have reduced by
€0.8bn since Dec 2018 primarily due to repayment of funding
drawn under the ECB's TLTRO
• MREL target of €13.3bn (representing 26.4% of RWA at
Dec 2016) to be met by 1 Jan 2021:
-
MREL ratio of 21.1% based on RWA at Jun 2019 (22.3%
pro forma including €600m senior debt issued in July 2019)
Modest MREL eligible issuance of c.€1bn - €2bn p.a.
anticipated
Leverage Ratio
•
Fully Loaded Leverage Ratio: 6.6%
Regulatory Leverage Ratio: 7.2%
1 Dividend accrual of €100m (c.20bps of CET1 capital) in H1 2019, equivalent to an annualised dividend per share of 18.5c
2 Monetary Authority borrowings of €1.9bn at Jun 19 included €0.3bn of ECB TLTRO funding and €1.6bn of BOE funding
through TFS (c.€1.4bn) and ILTR (c. €0.2bn)
Bank of Ireland
•
15View entire presentation