Bank of Ireland 2019 Credit Presentation
Return on tangible equity (ROTE)
2019: Headline vs. Adjusted
Bank of Ireland 2019 Credit Presentation
2019
Headline
(Єm)
Additional gains
Adjustments
'Normalised'
and valuation
items' net of tax
impairment
adjustment, net of tax
Adjusted for CET1
ratio at 13%
2019
Adjusted
(Єm)
Profit for the period
448
Non-core items including tax
177
Coupon on Additional Tier 1 securities
(55)
Preference share dividends
(7)
Adjusted profit after tax
563
(3)
560
At Dec 2019
Shareholders' equity
9,625
Intangible assets
(838)
Shareholders' tangible equity
8,787
Average shareholders' tangible equity
8,528
Return on tangible equity (ROTE)
6.6%
(464)
9,160
(838)
(464)
8,322
(235)
8,293
6.8%
⚫ 2019 Adjusted Return on Tangible Equity is adjusted for:
No adjustment to impairment charge - "Normalised" impairment charge (26bps) in 2019 reflected in headline numbers
Additional gains and valuation items¹, net of tax - €3m
-
Average shareholders' tangible equity calculated on a CET1 ratio at 13% - €235m
1 Excludes IFRS income classifications which is fully offset in net interest income
Bank of Ireland
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