2018 Credit Presentation

Capital and liquidity available to support growth 63 7575 Strong liquidity ratios • Liquidity Coverage Ratio: 136% Net Stable Funding Ratio: 130% • Loan to Deposit Ratio: 97% Robust Leverage Ratio • Fully Loaded Leverage Ratio: 6.3% Regulatory Leverage Ratio: 7.0% Customer deposits: €78.9bn Dec 2017 Dec 2018 (€bn) (€bn) Customer loans 76 Liquid assets 24 25 Wealth and Insurance assets 17 17 Other assets 6 • Total assets 123 124 Customer deposits 76 79 Wholesale funding 13 11 Wealth and Insurance liabilities 17 17 Other liabilities 7 7 Shareholders' equity 9 9 • Additional Tier 1 security & other 1 1 Total liabilities 123 124 TNAV per share €7.52 €7.85 Closing EUR/GBP FX rates 0.89 0.89 2018 Credit Presentation Customer deposits predominantly sourced through retail distribution channels Wholesale funding: €11.4bn Monetary Authority borrowings of €2.7bn¹ have reduced by €2.3bn since Dec 2017 primarily due to repayment of funding drawn under the ECB's TLTRO MREL target of €13.3bn (representing 26.4% of RWA at Dec 2016) to be met by 1 Jan 2021: - - MREL ratio of 23.1% at Dec 2018 (based on RWA at Dec 2018) Modest MREL eligible issuance c.€1bn-€2bn p.a. anticipated 1 Monetary Authority borrowings of €2.7bn at Dec 18 includes: €1.0bn of ECB TLTRO funding and €1.7bn of BOE funding through TFS (c.€1.5bn) and ILTR (c.€0.2bn) Bank of Ireland 16

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