Bank of Ireland 2020 Debt Investor Presentation
Regulatory Ratios
RWAS
€50.1bn
(25bps)
15.0%
Regulatory CET1 ratio
40bps
(50bps)
130bps
Bank of Ireland 2020 Debt Investor Presentation
(25bps)
(65bps)
75bps
(75bps)
(15bps)
RWAs
€48.4bn
Impairment
EL offset
(230bps)
60bps
IFRS 9 addback 80bps
RWA reduction 40bps
Net impact
(50bps)
+10bps
Regulatory Capital
Demand
14.9%
Dec 19
Phasing
impacts¹
Organic capital2 Dividend removal
Credit
deterioration
Loan growth/
RWA³
Regulatory SME & Software Transformation Other / Pension
change
investment
Dec 20
21
21
Movement in CET1 ratio broadly aligned with movement
in fully loaded ratios with reduced impact of credit
deterioration during the period due to IFRS 9 addback
Tier 1 & Total Capital
Increase of c.70bps in Tier 1 bucket following AT1 issuance
during 2020
CET1
Regulatory Capital Metrics
CET1 Ratio
Dec 19
15.0%
Dec 20
14.9%
Tier 1 Items/Instruments:
1.3%
2.0%
Tier 1 Ratio
16.3%
16.9%
Tier 2 Items/Instruments:
2.3%
2.3%
Total Capital Ratio
Risk Weighted Assets
MREL Ratio
23.8%
Leverage Ratio
7.1%
18.6%
€50.1bn €48.4bn
24.6%
7.1%
19.2%
MREL
1 See slide 55 for additional detail
No material change to Tier 2 bucket
Potential for modest Tier 2 issuance following P2R
composition change
AT1 and senior debt issuance of c.€1.1bn during 2020
MREL ratio of 24.6% based on RWA at Dec 2020
2 Pre-impairment organic capital generation primarily consists of attributable profit excluding impairment and movements in regulatory
deductions
3 Loan growth / RWA movements from changes in loan book mix, asset quality and movements in other RWAs
Bank of IrelandView entire presentation