Bank of Ireland 2021 Interim Results - Debt Investor Presentation
Ireland mortgages: €22.4bn
New lending volumes and market share
23%
25%
€1.0bn
€0.9bn
Bank of Ireland 2021 Interim Results - Debt Investor Presentation
Ireland mortgages (gross)
€23.7bn
€23.0bn
€22.9bn
€22.4bn
23%
€9.5bn
€11.1bn
€12.2bn
€12.6bn
€4.4bn
€3.2bn
€2.9bn
€2.5bn
€1.0bn
€9.8bn
€8.7bn
€7.9bn
€7.3bn
Dec 18
Dec 19
Dec 20
Jun 21
Tracker Variable Rates Fixed Rates
H119
H1 20
H121
New Lending Volumes
Market Share
42
42
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.95% of our new
lending in H1 2021, up from c.30% in 2014
Distribution strategy - continued expansion into broker
channel
The Group has continued building out the broker
channel expansion in 2021, establishing a large network
of active brokers at a national level
Wider proposition
.
6 in 10 Ireland customers who take out a new mortgage
take out a life assurance policy through the Bank of
Ireland Group
4.5 in 10 Ireland customers who take out a new
mortgage take out a general insurance policy through
the Bank of Ireland Group with insurance partners
Average customer pay rate of 112bps less Group average cost of funds of 12bps
•
•
LTV profile
Average LTV of 58% on mortgage stock at Jun 2021
(Dec 2020: 60%)
Average LTV of 74% on new mortgages in Jun 2021
(Dec 2020: 75%)
Tracker mortgages
•
•
•
€7.0bn or 96% of trackers at Jun 2021 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.100bps' in H1 2021
Bank of IrelandView entire presentation