Bank of Ireland 2021 Interim Results - Debt Investor Presentation
Non-property SME and corporate &
property and construction
Gross loans by stage
Non-property SME and corporate
Property and construction
Bank of Ireland 2021 Interim Results - Debt Investor Presentation
€19.9bn
€1.0bn
€20.3bn
€1.1bn
€8.9bn
€7.8bn
€8.6bn
€8.2bn
€1.1bn
€1.1bn
€4.9bn
€5.0bn
€11.4bn
€10.6bn
Dec 20
Jun 21
■Stage 1 Stage 2 Stage 3
€2.6bn
Dec 20
ILA movement
Non-property SME and corporate
€2.8bn
Jun 21
Stage 1 Stage 2 Stage 3
Property and construction
4.7%
4.2%
6.9%
(€31m)
(€42m)
€931m
€858m
€596m
(€25m)
(€12m)
6.2%
•
•
Non-property SME and corporate
26% of Group loan book, well diversified by geography
and sector
€0.4bn decrease in stage 2 loans since Dec 2020
reflecting improved macro-economic conditions and
improved outlook on corporate lending exposures,
offset by staging adjustment for SME loans following re-
assessment of management adjustment assumptions
Increased impairment coverage across higher impacted
sectors and portfolios:
Wholesale and retail trade exposure €2.4bn,
impairment coverage 3.6% (Dec 20: 5.4%)
Accommodation and food services exposure €1.8bn,
impairment coverage 5.8% (Dec 2020: 5.3%)
Acquisition finance exposure €4.7bn, impairment
coverage 3.2% (Dec 2020: 4.2%)
Impairment coverage decreased from 4.7% to 4.2% at
Jun 2021
Property and construction
•
•
11% of Group loan book; €7.9bn investment property;
€1.1bn development lending
Investment property exposures Retail (33%), Office
(34%), Residential (18%) and Other (15%); 72% of the
book LTV <70%
Impairment coverage decreased from 6.9% to 6.2% at
Jun 2021
Bank of Ireland
€559m
.
Dec 20 Stage 1/2 Stage 3 Jun 21
Dec 20
Stage 1/2 Stage 3
Jun 21
ILA % of gross loans
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