Bank of Ireland 2022 Interim Results
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Net lending of €1.0bn in Corporate and Retail Ireland;
UK deleveraging of €2.0bn in line with strategy
New lending¹ by division
€3.3bn
€2.7bn
€2.2bn
€2.6bn
€2.3bn
€1.8bn
€7.2bn
€7.7bn
Retail UK
Total
Retail Ireland
Corporate & Markets
H121 E H1 22
€5.9bn
Group loan book movement
(€4.9bn)
(€0.1bn)
(€0.6bn)
Net lending of €1.0bn
(€2.0bn)
in Corporate &
Markets and Retail
€76.3bn
Ireland
€74.6bn
Bank of Ireland 2022 Interim Results
Signs of inflection in Irish retail lending trends
Total new lending of €7.7bn in H1 22
Retail Ireland +25% y/y with strong growth across
mortgage, business banking and consumer portfolios
Corporate & Markets +12% y/y with growth
diversified across portfolios
Retail UK -19% y/y primarily driven by reduction in
mortgages, reflecting pricing discipline and focus on
value over volume
Net lending of €1.0bn in Corporate and Retail Ireland in
H1; further net lending in Retail Ireland anticipated in
H2
UK deleveraging of €2.0bn in line with strategy;
deleveraging expected to continue in H2 22. Pace to
reflect ongoing pricing discipline and market dynamics
Loan book
Dec-21
New Redemptions UK
Lending
NPE
Deleveraging Transactions
FX/Other
Loan book
Jun-22
1 On a constant currency basis
Bank of IrelandView entire presentation