Bank of Ireland Q1 2020 IMS Presentation
Executive Summary
Bank of Ireland Q1 2020 IMS Presentation
COVID-19
Asset Quality
•
Capital and
Liquidity
Q1 Performance
.
•
Focused on supporting our customers, colleagues and communities
The Group has responded dynamically to the crisis, demonstrating operational resilience and
constructive engagement with all key stakeholders
Given significance of economic shock, previous guidance for 2020 removed
Entered 2020 with a strengthened balance sheet; diversified across portfolios and geographies
NPEs reduced to 4.2% of gross loans; 20bps improvement from Dec 2019
Strong track record on credit risk management; lowest NPE ratio of any Irish bank
Q1 impairment charge €266m includes COVID-19 management overlay of €250m
Expected increased impairment / loan loss experience over the course of 2020
Strong capital position entering this crisis; fully loaded CET1 ratio of 13.5%, regulatory ratio 14.4%
Regulatory changes have resulted in lower minimum capital requirements
In a range of scenarios, fully loaded CET1 ratio would remain above our previous minimum CET1
regulatory capital requirement of 11.45%
• Strong funding and liquidity to support customers
.
Stable net interest income; net interest margin (NIM) of 2.07%
Net lending growth of €1.5 billion; Irish mortgage market share increased to 26%
Strong cost discipline, with a further 3% reduction in costs vs. Q1 2019
COVID-19 will have a material impact on 2020 financial performance from lower levels of lending and
business activity, and higher levels of impairment
Bank of Ireland
3View entire presentation