Bank of Ireland 2020 Debt Investor Presentation
Income Statement
Net interest income analysis
Bank of Ireland 2020 Debt Investor Presentation
H1 2019
H2 2019
H1 2020
H2 2020
Average Gross Gross
Volumes Interest Rate
(€bn) (Єm) (%)
Average Gross
Volumes Interest
(€bn) (€m)
Gross
Rate
(%)
Ireland Loans¹
34.2
582
3.43%
33.7
583
3.43%
33.4
Average Gross
Volumes Interest
(€bn) (€m)
561
Gross
Rate
(%)
Average Gross
Volumes Interest
(€bn) (€m)
Gross
Rate
(%)
3.38%
33.0
546
3.29%
UK Loans²
27.5
395
2.90%
28.0
393
2.79%
28.5
371
2.62%
27.1
349
2.56%
C&T 2
15.8
296
3.78%
16.8
312
3.69%
17.4
309
3.57%
16.9
292
3.44%
Total Loans and Advances to Customers
77.5
1,273
3.31%
78.5
1,288
3.26%
79.3
1,241
3.15%
77.0
1,187
3.07%
Liquid Assets
22.9
33
0.29%
23.9
30
0.25%
26.6
16
0.12%
28.7
(5)
(0.03%)
NAMA Sub Debt
0.1
2
5.40%
0.1
2
5.26%
0.0
1
5.22%
0.0
(-)
0.00%
Total Liquid Assets
23.0
35
0.31%
24.0
32
0.27%
26.6
17
0.13%
28.7
(5)
(0.03%)
Total Interest Earning Assets
100.5
1,308
2.62%
102.5
1,320
2.56%
105.9
1,258
2.36%
105.6
1,183
2.22%
Ireland Deposits
20.7
(7)
(0.07%)
21.0
(5)
(0.05%)
21.3
(2)
(0.02%)
21.6
(-)
(0.00%)
Credit Balances³
34.5
3
0.02%
36.6
6
UK Deposits
C&T Deposits
18.3
(91)
(1.00%)
18.6
(103)
5.1
(9)
(0.35%)
5.0
(9)
Total Deposits
78.6
(104)
Wholesale Funding4
10.3
(54)
Subordinated Liabilities
2.0
(49)
Total Interest Bearing Liabilities
90.9
Other5
(207)
(22)
(0.27%) 81.2
(1.06%) 9.9
(4.85%) 1.5
(0.46%) 92.6
(111)
(62)
(41)
(214)
0.03%
(1.09%) 18.7
(0.34%) 4.7
(0.27%) 84.2
(1.24%) 9.7
(5.44%) 1.5
(0.46%) 95.4
39.6
8
(90)
0.04%
(0.97%) 16.5
43.8
12
0.06%
(60)
(0.72%)
(4)
(0.16%) 4.2
2
0.09%
(88)
(0.21%) 86.1
(46)
(0.11%)
(55)
(1.13%) 9.1
(36)
(0.78%)
(34)
(4.61%) 1.4
(28)
(4.02%)
(177)
(0.37%) 96.6
(110)
(0.23%)
(18)
(18)
(20)
Net Interest Margin as reported
100.5
1,079
Average ECB Base rate
Average 3 month Euribor
2.16%
0.00%
(0.31%)
102.5
1,088
2.11%
0.00%
105.9
1,063
2.02%
105.6
1,052
1.98%
0.00%
0.00%
(0.40%)
(0.31%)
(0.50%)
Average BOE Base rate
Average 3 month LIBOR
0.75%
0.84%
0.75%
0.78%
0.36%
0.35%
0.10%
0.06%
1 Includes average interest earning assets of c.€0.3bn in 2020 carried at FVTPL with associated FY20 interest income of c.€12m
2 Previously, income and expense from GBP denominated derivatives in designated cash flow hedge and fair value hedge relationships
was allocated to 'UK Loans'. This approach has been refined, and the allocation is now made with a portion of this allocated to 'C&T'
(including prior year periods) to better represent the performance of each portfolio
3 Credit balances in H2 2020: Ireland €34.8bn, UK €4.1bn, C&T €4.9bn
4 Includes impact of credit risk transfer transactions executed in Dec 2016, Nov 2017 and Dec 2019
5 Includes IFRS 16 lease expense, interest on certain FVTPL items and adjustments that are of a non-recurring nature such as customer
termination fees
Bank of Ireland
43
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