2022 Interim Results - Debt Investor Presentation

Summary highlights Bank of Ireland 2022 Interim Results - Debt Investor Presentation 32 32 Capital RWA MREL Economy • • • Asset Quality • Strong organic capital generation in 2022; capital outlook supports continued growth and investment CET1 target >13.5%; accommodates increased countercyclical buffers IRB RWA density across largest customer loan portfolios continues to exceed a wide distribution of European peers RWA density offers potential mitigation against future implementation of Basel IV MREL ratio of 32.4% at Jun 2022, Jan 2022 interim requirement of 24.95%; Future MREL requirement of c.29.5% MREL eligible senior debt issuance of c.€1bn-€2bn p.a. anticipated; Green bonds will continue to form part of capital and MREL issuance Irish economy well positioned to face global economic uncertainties; Notwithstanding external headwinds, Ireland is forecast to be the EU's fastest-growing economy for a third successive year in 2022, despite a recent moderation in activity House prices +14.4% y/y in May 2022; increase driven by the continued mismatch between demand and supply Asset quality remains strong; NPEs to continue to reduce through combination of organic and inorganic activity Quality of loan books provide reassurance; coverage levels remain at 2.5% Bank of Ireland

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