Investor Presentaiton
UK Customer Loans: £28.2bn (€31.9bn)
UK Mortgages - £19.8bn
Scotland,
Northern Ireland,
£1.0bn
£1.0bn
Rest of England,
£8.9bn
Wales,
£0.7bn
Greater
London,
£3.8bn
Outer
Metropolitan,
£2.4bn
South East,
£2.0bn
Other UK Customer Loans - £8.4bn
£0.1bn
£0.2bn
£0.1bn
£2.4bn
£1.8bn
£1.3bn
£0.01bn
£0.14bn
SME
Corporate
Investment
Property
Land &
Development
Performing loans Non-performing exposures
Bank of Ireland Group
£0.03bn
£2.4bn
Consumer
UK Mortgages Analysis - £19.8bn
Total UK mortgages of £19.8bn; (NPES: 2%)
°
Average LTV of 61% on total book (2017: 62%)
Average LTV of 69% on new mortgages (2017: 72%)
• UK mortgage book continues to perform in line with industry averages¹
79% of mortgages originated since January 2010 are standard owner
Occupier mortgages
BTL book is well seasoned with 75% of these mortgages originating prior to
January 2010
Average loan balance of Greater London mortgages is c.£192k, with 94% of
Greater London mortgages having an indexed LTV <70%
Other UK Customer Loans Analysis - £8.4bn
Non-performing exposures of £0.4bn with strong coverage ratios
Performing loans of £8.0bn;
•
SME: broad sectoral diversification with low concentration risk
Corporate: specialist lending teams in Acquisition Finance, Project
Finance, and Corporate lending through a focussed sector strategy
Investment Property: primarily Retail, Office and Residential sectors
Consumer (£2.4bn):
Northridge (£1.3bn): Asset backed motor finance business; net loan
book increase of £0.2bn in H1 2018; mid-market pricing targeting
prime business only; below industry arrears and loan losses
Personal loan volumes (£0.5bn): net loan book increase of £0.1bn
in H1 2018; improved credit risk process has driven increase in
customer applications and drawdowns
Credit cards (£0.6bn): AA / PO branded credit card portfolio;
unchanged net loan book in H1 2018; undertaking strategic review
of business including front book and back book options
'Data published by the Council of Mortgage Lenders (CML) for March 2018 indicates that the proportion of the Retail UK mortgage book in default
(defined for CML purposes as greater than 90 days but excluding possessions and receivership cases) is in line with the UK industry average
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