IAS19 Defined Benefit Pension + Mortgage Portfolio Analysis
Regulatory Ratios
RWAS
€47.5bn
15.9%
Dec 22¹
Regulatory Capital Metrics
CET1 Ratio
Tier 1 Items/Instruments:
Tier 1 Ratio
Tier 2 Items/Instruments:
Total Capital Ratio
Risk Weighted Assets³
MREL Ratio
Leverage Ratio
(30bps)
(140bps)
Regulatory CET1
180bps
(40bps)
(60bps)
Bank of Ireland
RWAS
€52.0bn
15.0%
CRD Phasing
IFRS 17/KBCI portfolio
Net Organic Capital²
RWA³
Foreseeable Dividend Deduction
Jun 23
Dec 22
15.9%
Jun 23
15.0%
CET1
Movement in Regulatory CET1 ratio broadly aligned with movement in fully
loaded ratio
2.1%
1.8%
Tier 1 & Total Capital
17.9%
16.8%
3.1%
2.9%
Reduction in Tier 1 and Total Capital ratios broadly aligned with reduction
in CET1 ratio
Tier 1 and Tier 2 buckets reduced by c.20bps to 1.87% and 2.9%
21.0%
€47.5bn
31.5%
6.5%
19.7%
€52.0bn
31.0%4
6.5%
.
MREL
MREL Ratio decreased 50bps over H123 (on a pro forma basis)
MREL eligible senior debt issuance of €1.5bn5 in 2023; partially offset by
redemption of €0.6bn
Dec 2022 RWA and CET1 are restated in the HY23 interim report for the application of IFRS 17 on 1 Jan 2023 (Dec 2022 RWA restated to €46.8bn; Regulatory CET1 to 15.6%.) CET1 impact of (30bps) is captured in the CET1 walk above
2 Net organic capital generation primarily consists of attributable profit after impairment and movements in regulatory deductions
3 RWA capital impacts from changes in loan book mix, asset quality and movements in other RWAS
4 Includes MREL eligible senior debt issuance of €750m issued on 4 July 2023 and redemption of €600m on 10 July 2023
5 YTD issuance
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