Bank of Ireland Financial Overview
Improved asset quality and strong coverage maintained
Group loan book segment mix (net)
Consumer
€5.6bn
■Property and
Construction (CRE)
€7.0bn
7%
9%
40%
Ireland mortgages
€32.1bn
€79.5bn
25%
■Non-property SME
and corporate
€19.9bn
19%
UK mortgages
€14.9bn
Group loan asset quality
1.8%
3.6%
4%
17%
79%
1.5%
3.1%
3%
16%
81%
Dec 22
Dec 23
Stage 1
Stage 2 Stage 3
ILA coverage
NPE %
Bank of Ireland
Diversified loan book with strong
collateralisation
c.60% residential mortgages; weighted
average LTV of 55%; FY23 new lending
LTV of 74%
Non-property SME and corporate
includes acquisition finance (AF) of
€4.7bn; CRT covers c.50% of AF
Lower NPEs and improved staging profile
Reduced NPE ratio by c.50bps to 3.1%
Coverage of 1.5%; reduction reflects
resolution of high coverage legacy NPES,
mix impact and KBCI portfolio acquisition;
like-for-like coverage unchanged
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