Investor Presentaiton
Loans and advances to customers
Continued growth in core loan books
€84.7bn
Group loan book movement in 2016
€1.7bn
Dec 15
Loan Volumes
Core loan book
growth¹
€2.6bn
€5.4bn
Redemptions
on Defaulted
Loans, ROI
trackers, GB
non-core
FX / Other
Net Lending Growth³
€0.9bn
GB non-core business banking²
€0.4bn
Defaulted loans
€1.1bn
€78.5bn
Dec 16
Loan Volumes
Irish businesses
€0.8bn
UK businesses
Acquisition Finance
Bank of Ireland Group
Core loan books¹ grew by €1.7bn in 2016
Customer loans decreased by c.€6.2bn to €78.5bn;
primarily due to FX translation impact of €5.4bn and
redemptions of defaulted loans, ROI tracker mortgages
and GB non-core business banking loan books² (€2.6bn)
▶ New loan volumes of €13.0bn and acquisitions of €0.2bn
in 2016. New lending³ on a constant currency basis
increased 1% vs. 2015;
Retail Ireland new lending up €0.4bn (9%)
Retail UK new lending of £4.1bn broadly flat vs. 2015.
New mortgage volumes decreased reflecting our
discipline in pricing and risk in H2 2016. Growth in
consumer book reflects new partnership with AA
Corporate new lending up €0.3bn (18%) vs. 2015.
Acquisition Finance new lending down €0.4bn with
book remaining flat
Redemptions of €14.1bn broadly in line with 2015
We will maintain appropriate focus on risk and pricing
ROI trackers
€1.1bn
¹Core loan book growth excludes cash from defaulted loans, redemptions of low yielding ROI tracker mortgages and redemptions of GB non-core business banking loans
2GB business and corporate loan books, which BOI is required to run down under its EU approved Restructuring Plan (2015 - £1.3bn; 2016 - £0.9bn)
Excludes portfolio acquisitions (2015 - €0.6bn; 2016 - €0.2bn)
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