Bank of Ireland 2022 Interim Results
Income statement
Net interest income analysis
Bank of Ireland 2022 Interim Results
H2 2020
Average Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
Ireland Loans
33.0
546
3.29%
32.8
H1 2021
Average Gross
Volumes Interest
(€bn) (€m)
537
H2 2021
H1 2022
32.3
Gross Average Gross Gross
Rate Volumes Interest Rate
(%) (€bn) (€m) (%)
3.30%
3.23%
Average Gross
Volumes Interest
Gross
Rate
(€bn) (€m)
(%)
526
32.2
507
3.17%
UK Loans
27.1
349
2.56%
27.8
350
2.54%
26.8
341
2.53%
25.0
351
2.83%
C&T
16.9
292
3.44%
17.5
296
3.41%
18.1
317
3.47%
18.8
334
3.58%
Total Loans and Advances to Customers
77.0
1,187
3.07%
78.1
1,183
3.05%
77.2
1,184
3.04%
76.0
1,192
3.16%
Liquid Assets¹
28.7
(5)
(0.03%)
36.8
(24)
(0.13%) 46.2
(32)
Total Liquid Assets
28.7
(5) (0.03%)
36.8
(24)
(0.13%) 46.2
(32)
Total Interest Earning Assets
105.6
1,183
2.22%
114.9
1,159
2.03%
123.4
1,152
Ireland Deposits
21.6
(-)
(0.00%)
22.2
6
0.05%
22.5
9
(0.14%) 49.3
(0.14%) 49.3
1.85% 125.3
0.08%
(28) (0.11%)
(28)
(0.11%)
1,164
1.87%
9
Credit Balances²
43.8
12
0.06%
47.1
18
0.08%
50.2
26
0.10%
22.9
53.2
11
0.09%
32
0.12%
UK Deposits
C&T Deposits
16.5
(60)
(0.72%)
15.5
(40)
(0.52%) 14.3
(28)
4.2
2
0.09%
3.8
4
0.20%
3.9
Total Deposits
86.1
(46)
(0.11%)
88.7
(12)
(0.03%)
90.9
4
11
(0.38%) 12.4
0.20% 4.1
0.02%
(17)
(0.28%)
3
0.15%
92.7
29
0.06%
Wholesale Funding 1,3
9.1
(36)
(0.78%) 14.6
(30)
(0.42%)
20.4
(40)
(0.39%) 21.3
(61)
(0.58%)
Subordinated Liabilities
1.4
(28)
(4.02%) 1.5
(30)
(3.95%) 1.9
(33)
(3.36%) 2.0
(36)
(3.69%)
Total Interest Bearing Liabilities
96.6
(110)
(0.23%) 104.9
(72)
(0.14%) 113.3
(61)
(0.11%)
116.0
(68)
(0.12%)
Other 1.4
(20)
(5)
48
(24)
Net Interest Margin as reported
105.6
1,052
Average ECB Base rate
Average 3 month Euribor
Average BOE Base rate
1.98%
0.00%
(0.50%)
0.10%
114.9
1,080
1.90%
0.00%
123.4
1,139
1.83%
0.00%
125.3
1,072 1.73%
0.00%
(0.54%)
0.10%
(0.56%)
0.11%
(0.44%)
0.71%
1 Volume impact of TLTRO included in liquid assets and wholesale funding; Income impact (€16m) of TLTRO in H1 22 included
in Other
2 Credit balances in H1 2022: ROI €41.7bn, UK €5.3bn, C&T €6.2bn
3 Includes impact of credit risk transfer transactions executed in Dec 2016, Nov 2017, Dec 2019, Oct 2021 and Dec 2021
4 Includes IFRS 16 lease expense, interest on certain FVPTL items and adjustments that are of a non-recurring nature such as
customer termination fees and EIR adjustments
Bank of Ireland
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