2022 Interim Results - Debt Investor Presentation
Balance Sheet
Bank of Ireland 2022 Interim Results - Debt Investor Presentation
Dec-21
Jun-22
Funding & Liquidity
(€bn)
(€bn)
•
LDR reduced modestly from 82% to 81%
Customer loans
76
Liquid assets
50
Other assets
29
222
75
52
29
Total assets
155
156
Customer deposits
93
93
Wholesale funding
21
21
Shareholders' equity
10
11
Other liabilities
31
31
Total liabilities
155
156
TNAV per share
€8.80
€9.22
Closing EUR/GBP FX rates
0.84
0.86
Dec-21
Jun-22
Liquidity Coverage Ratio
181%
218%
•
Net Stable Funding Ratio
144%
149%
Loan to Deposit Ratio
82%
81%
•
•
•
Liquid assets increased by c.€2bn primarily due to, higher
gross deposit balances of €1.3 billion (constant currency
basis), lower lending volumes of €1.3 billion (constant
currency basis), partially offset by Davy acquisition €0.4
billion, lower wholesale funding volumes of €0.1 billion
and other flows of €0.4 billion
LCR increased from 181% to 218% predominately due to
higher deposits and MREL issuance
NSFR increased from 144% to 149% primarily driven by
higher customer deposits and lower lending
Customer deposits: €92.6bn
•
Growth (excluding fair value hedge of adjustment €1.5bn)
of €1.3bn driven by higher household and SME volumes
in Ireland and an increase in Corporate and Markets,
partially offset by lower UK deposits arising from planned
deleveraging
Wholesale funding: €21.3bn
Capital and MREL requirements primary driver of new
wholesale funding
Tangible Net Asset Value
•
TNAV increased c.4% to €9.22 since Dec 21
Bank of Ireland
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