Investor Presentaiton
Group Income Statement
Underlying profit before tax of €560m
H1 2015
H2 2015
(€m)
(€m)
H1 2016
(€m)
Total income
1,759
1,513
1,587
Net interest income
1,219
1,235
1,135
Other income (net)
545
283
470
ELG fees
(5)
(18)
Operating expenses
(848)
(898)
(890)
Levies and regulatory charges
(27)
(48)
(62)
Operating profit
884
567
635
pre-impairment
Impairment charges
(168)
(128)
(95)
Share of associates / JVs
27
19
20
Underlying profit
743
458
560
before tax
Of which additional gains
228
9
157
Statutory profit
725
507
557
before tax
Underlying EPS
1.8c
0.5c
1.2c
Bank of Ireland Group
Net interest income of €1,135m, lower than
H2 2015 due primarily to the impact of the low
interest rate environment, lower liquid asset
income and FX impact of c. €30m
Business income of €317m in line with H2 2015.
Other income includes additional gains of €157m
Focussed on tight control over our cost base,
while making appropriate investments in our
businesses, infrastructure and people
Net impairment charge reduced to €95m
Underlying PBT includes additional gains of
€157m
Gain on VISA Europe transaction (€95m)
Liquid asset portfolio rebalancing (€54m)
Sale of investment properties / other
assets (€8m)
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