Bank of Ireland Financial Overview

Residential mortgages / Consumer loans Gross loans by stage 0.4% Residential mortgages Consumer • €38.0bn €47.3bn €5.3bn €5.8bn €0.1bn €0.9bn €0.1bn €3.6bn €0.8bn €0.5bn €0.5bn €3.5bn €42.8bn €4.7bn €4.9bn €34bn €146m Dec 22 Dec 23 ■Stage 1 Stage 2 Stage 3 ILA movement Residential mortgages €40m €60m Dec 22 Dec 23 ■Stage 1 Stage 2 Stage 3 Consumer 0.5% 3.2% 3.1% €27m (€20m) €246m €171m Bank of Ireland • • Residential mortgages Mortgage portfolios 59% of Group loan book Average LTV of 55% on stock 88% of the portfolio has LTV < 80% Stage 2 loans increased from €3.5bn at FY22 to €3.6bn at FY23 primarily reflecting credit risk assessments for emerging affordability risk and portfolio activity offset by impacts of model updates Stage 3 loans (incl. POCIs) increased by €0.4bn to €0.9bn partially due to acquisition of c.€0.1bn KBCI POCIs alongside emergence of new defaults (primarily UK) Stage 3 cover (excl. POCIs) decreased to 18.3% at FY23 (FY22 19.7%) reflecting evolution of asset mix in defaulted book (now weighted to owner occupied) and disposal of legacy NPE buy-to-let exposures €0.1bn increase in ILA stock reflects net impacts arising from portfolio activity, model updates, PMAs and KBCI acquisition leading to an increase in total impairment cover from 0.4% at FY22 to 0.5% at FY23 Consumer • • 7% of Group loan book Stage 2 loans increased from €0.5bn at FY 2022 to €0.8bn at FY23 primarily reflecting credit risk assessments for emerging affordability risk €7m increase in ILA stock reflects increases from portfolio activity and FLI/ model updates partly offset by ILA utilisation (primarily UK personal loans) Total impairment cover remained stable at 3.1% (3.2% at FY22) • €178m Dec 22 Stage 1/2 Stage 3 Dec 23 Dec 22 Stage 1/2 Stage 3 Dec 23 • ⚫ILA % of gross loans 49

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