Investor Presentaiton
Income Statement
Net interest income analysis
H2 2016
H1 2017
H2 2017
H1 2018
(€bn)
Average Gross Gross
Volumes Interest Rate
(€m) (%)
Average Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
Average Gross
Volumes Interest
(€bn) (€m)
Gross
Rate
Average Gross
Volumes Interest
Gross
Rate
(%)
(€bn) (€m)
(%)
Ireland Loans
UK Loans
36.0
559
3.08%
35.5
547
3.11%
35.3
545
3.07%
34.6
531
3.09%
30.2
489
3.22%
29.5
460
3.15%
28.0
430
3.05%
28.1
440
3.16%
C&T Loans
12.7
254
3.98%
12.7
254
4.03%
12.8
253
3.92%
13.6
259
3.85%
Total Loans & Advances to Customers
78.9
1,302
3.28%
77.7
1,261
3.27%
76.1
1,228
3.20%
76.3
1,230
3.25%
Liquid Assets¹
20.2
62
0.61%
21.3
49
0.46%
20.8
43
0.41%
22.1
35
0.32%
NAMA Sub Debt
0.3
16
11.05%
0.3
17
11.97%
0.3
17
11.97%
0.2
4
3.50%
Total Interest Earning Assets
99.4
1,380
2.76%
99.3
1,327
2.70%
97.2
1,288
Ireland Deposits
21.9
(17)
(0.15%) 20.6
(12)
(0.12%)
20.4
(9)
Credit Balances²
25.3
(1)
(0.01%) 27.1
(0)
(0.00%)
29.3
4
UK Deposits
C&T Deposits
20.7
(111)
(1.07%)
19.3
(83)
(0.86%)
18.2
(74)
6.8
(14)
(0.41%)
6.0
(10)
(0.35%) 5.2
(9)
2.63%
(0.08%) 20.5
0.03% 30.5
(0.80%) 18.9
(0.35%) 4.7
98.6
1,269
2.60%
(8)
(0.08%)
2
0.01%
(81)
(0.86%)
(9)
(0.39%)
Total Deposits
74.7
(143)
(0.38%)
73.0
(105)
(0.29%) 73.1
(88)
(0.24%) 74.6
(96)
(0.26%)
Wholesale Funding³
13.4
(32)
(0.47%)
14.3
(43)
(0.60%) 12.3
(36)
(0.58%) 12.3
(45)
(0.73%)
Subordinated Liabilities
1.5
(48)
(6.13%)
1.4
(35)
(5.17%)
Total Interest Bearing Liabilities
89.6
(223)
(0.49%)
88.7
(183)
(0.42%)
1.8
87.2
(42)
(4.80%) 2.1
(49)
(4.77%)
(166)
(0.38%) 89.0
(190)
(0.43%)
IFRS Income Classification
(13)
(8)
5
7
Other
(9)
7
Net Interest Margin
99.4
1,135
Average ECB Base rate
Average 3 month Euribor
Average BOE Base rate
Average 3 month LIBOR
2.27%
0.00%
99.3
1,143
2.32%
97.2
(25)
1,102
9
2.25%
98.6
1,095
2.23%
0.00%
0.00%
0.00%
(0.31%)
(0.33%)
(0.33%)
(0.33%)
0.30%
0.41%
0.25%
0.32%
0.50%
0.33%
0.38%
0.62%
Bank of Ireland Group
Excludes any additional gains from portfolio re-configuration during the period
2Credit balances in H1 2018: ROI €23.1bn, UK €3.1bn, C&T €4.3bn
Includes impact of CRT transactions executed in December 2016 and November 2017
"Includes customer termination fees, EIR adjustments and other adjustments that are of a non-recurring nature
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