Bank of Ireland 2019 Credit Presentation
UK Customer Loans £28.9bn (€33.9bn)
UK Mortgages - £19.8bn
South East
Scotland
£1.2bn
■Rest of England
£9.2bn
£2.0bn
Wales
£0.8bn
Greater
London
£3.4bn
■Northern
Ireland
£1.0bn
Outer
Metropolitan
£2.2bn
Other UK Customer Loans - £9.1bn
£0.1bn
£3.0bn
£0.2bn
£0.1bn
£2.8bn
£1.4bn
£1.3bn
£0.2bn
Land &
Development
Consumer
SME
Corporate
Investment
Property
Performing loans Non-performing exposures
UK Mortgages Analysis - £19.8bn
Bank of Ireland 2019 Credit Presentation
• Total UK mortgages of £19.8bn; (NPES: 2.1%):
Average LTV of 63% on existing stock at Dec 2019 (Dec 18: 62%)
Average LTV of 73% on new UK mortgages in 2019 (2018: 72%)
69% of the current mortgage portfolio originated since January 2010
are standard owner occupier mortgages
BTL book is well seasoned with 65% of these mortgages originated
prior to January 2010
Average balance of Greater London mortgages is c.£193k, with 91%
of Greater London mortgages having an indexed LTV <70%
Other UK Customer Loans Analysis - £9.1bn
•
Non-performing exposures of £0.4bn with strong coverage ratios
• Performing loans of £8.7bn:
SME: broad sectoral diversification with low concentration risk
Corporate: specialist lending teams in Acquisition Finance and
Corporate lending through a focused sector strategy
Investment Property: primarily retail, office and residential sectors
Consumer (£3.0bn):
Northridge (£1.9bn): Asset backed motor finance business; net
loan book increase of £0.5bn in 2019; mid-market targeting
prime business only; below industry arrears and loan losses
Personal loan volumes (£1.1bn): net loan book increase of
£0.4bn in 2019; improved credit risk process has driven
increase in customer applications and drawdowns
Bank of Ireland
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