Investor Presentaiton

BOI Credit Ratings Return to Investment Grade by S&P and Moody's Bank of Ireland Group Standard & Poor's Anchor Business Position Capital & Earnings Progress on BOI Credit Ratings ► Standard & Poor's July 2015: 1 notch upgrade from BB+ to BBB- (Positive outlook) May 2015: 2 notch senior unsecured upgrade from Ba1 to Baa2 (Stable outlook) May 2015: 2 notch upgrade to Viability Rating to bb+ offset by the removal of 4 notches of Sovereign Support bbb- (Strong) +1 (Moderate) -1 Moody's Risk Position (Adequate) 0 Funding & Liquidity (Average & Adequate) 0 Fitch Stand Alone Credit Profile (SACP) bbb- Sovereign Support +1 Additional Factors -1 Issuer Credit Rating BBB- (Positive) Moody's Baseline Credit Assessment (BCA) ba2 Adjusted BCA ba2 Government support +1 Loss Given Failure (LGF) +2 Issuer Rating (deposit/Senior unsecured rating) Baa2 (Stable) Fitch Individual Rating/Viability Rating (VR) Support Rating Floor Issuer Default Rating (IDR) Higher of the Viability Rating and Support Rating Floor BB+ No Floor BB+(Positive) Key Rating Drivers Standard & Poor's ratings upside could develop from: Improvement in the Group's Risk Adjusted Capital (RAC) ratio Additional loss-absorbing capacity (ALAC) uplift Moody's ratings upside could develop from continued: Improvements in profitability and efficiency Improvements in fully loaded capital and leverage metrics Fitch ratings upside could develop from continued: Reduction in non-performing loans Strong internal capital generation 37

View entire presentation