Bank of Ireland 2019 Credit Presentation
Income Statement
Net interest income analysis¹
Bank of Ireland 2019 Credit Presentation
H1 2018
H2 2018
H1 2019
H2 2019
(€bn)
Average Gross Gross
Volumes Interest Rate
(Єm)
(%)
Average Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
Average
Gross Gross
Volumes Interest Rate
(€bn) (€m) (%)
Ireland Loans²
34.6
594
3.46%
34.4
595
3.43%
34.2
582
3.43%
33.7
Average Gross Gross
Volumes Interest Rate
(€bn) (Єm) (%)
583
3.43%
UK Loans
28.1.
383
2.75%
27.6
391
2.82%
27.5
377
2.76%
28.0
375
2.66%
C&T
13.6
267
3.97%
14.6
294
3.98%
15.8
314
3.99%
16.8
330
3.90%
Total Loans and Advances to Customers
76.3
1,244
3.29%
76.6
1,280
3.31%
77.5
1,273
3.31%
78.5
1,288
3.26%
Liquid Assets
22.1
35
0.32%
22.7
38
0.33%
22.9
33
0.29%
23.9
30
0.25%
NAMA Sub Debt
0.2
4
3.50%
0.1
2
5.24%
0.1
2
5.40%
0.1
2
5.26%
Total Liquid Assets
22.3
39
0.35%
22.8
40
Total Interest Earning Assets
98.6
1,283
2.62%
99.4
1,320
Ireland Deposits
20.5
(8)
(0.08%)
20.7
(8)
Credit Balances³
30.5
2
0.01%
32.8
3
UK Deposits
C&T Deposits
18.9
(81)
(0.86%)
18.6
(88)
4.7
(9)
(0.39%)
4.9
(9)
Total Deposits
74.6
(96)
(0.26%)
77.0
Wholesale Funding
12.3
(45)
(0.73%) 11.0
(102)
(52)
Subordinated Liabilities
2.1
(49)
(4.77%) 2.1
Total Interest Bearing Liabilities
89.0
(190)
(0.43%) 90.1
(51)
(205)
0.35%
2.63%
(0.08%) 20.7
0.02% 34.5
(0.94%) 18.3
(0.37%) 5.1
(0.26%) 78.6
(0.94%) 10.3
(4.86%) 2.0
(0.45%) 90.9
23.0
100.5
35
1,308
(7)
0.31%
2.62%
(0.07%) 21.0
24.0
32
0.27%
102.5
1,320 2.56%
3
(91)
0.02%
(1.00%) 18.6
36.6
56
(5)
(0.05%)
0.03%
(103)
(1.09%)
(9)
(0.35%) 5.0
(9)
(0.34%)
(104)
(0.27%) 81.2
(111)
(0.27%)
(54)
(1.06%) 9.9
(62)
(1.24%)
(49)
(207)
(4.85%)
1.5
(41)
(5.44%)
(0.46%)
92.6
(214)
(0.46%)
Other5
2
(30)
(22)
(18)
Net Interest Margin as reported
98.6
1,095
Average ECB Base rate
Average 3 month Euribor
2.23%
0.00%
(0.33%)
99.4
1,085
2.17%
0.00%
100.5
1,079
2.16%
102.5
1,088
2.11%
0.00%
0.00%
(0.32%)
(0.31%)
(0.40%)
Average BOE Base rate
0.50%
0.70%
0.75%
0.75%
0.78%
Average 3 month LIBOR
0.62%
0.82%
1 Previously, income and expense from derivatives in designated cash flow hedge and fair value hedge relationships was allocated to 'Loans and Advances'
in proportion to average volumes, and IFRS income classification (derivatives) was unallocated. This approach has been refined, and the allocation is now
made (including prior year periods) based on derivative currency and hedging purpose to better represent the performance of each portfolio
2 Includes average interest earning assets of c.€0.3bn in 2019 carried at FVTPL with associated FY19 interest income of c.€13m
3 Credit balances in H2 2019: ROI €28.6bn, UK €3.6bn, C&T €4.4bn
4 Includes impact of credit risk transfer transactions executed in Dec 2016, Nov 2017 and Dec 2019
5 Includes IFRS 16 lease expense, interest on certain FVPTL items and adjustments that are of a non-recurring nature such as customer
termination fees and EIR adjustments
0.84%
Bank of Ireland
43
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