H1 2020 Credit Presentation
Net lending growth of €0.2bn
Group loan book movement
€5.8bn
€1.3bn (€6.9bn)
(€0.9bn)
(€2.1bn)
Total €0.2bn net lending
€79.5bn
€76.7bn
Dec 19
New
RCF Redemptions Impairment FX/ Other
Loan book Lending activity
Jun 20
Loan book
New lending² and redemptions by quarter
€3.2bn
€3.9bn
€3.3bn
Bank of Ireland H1 2020 Credit Presentation
Net lending growth of €0.2bn in H1 2020
.
•
•
•
New lending €5.8bn decreased by 19% vs. H1 20191:
-
-
Retail Ireland new lending €2.3bn, (14%) vs. H1 2019
Retail UK new lending €2.4bn, (18%) vs. H1 2019
Corporate new lending €1.1bn, (30%) vs. H1 2019
Redemptions 7% higher vs. H1 2019 due to higher
Corporate redemptions in Q1 2020
RCF drawdown by Corporate customers in H1 2020 of
€1.3bn
Maintaining commercial discipline on risk and pricing
Reduced lending and economic activity in Q2 2020
•
Q2 2020 new lending 2 48% lower than Q2 2019
Redemptions 7% lower than Q2 2019
Irish mortgage applications 28% lower in Q2 2020 vs.
Q2 2019
Q2 2020 UK mortgage applications 32% lower than prior
year
Outlook
Improving outlook and government measures supportive
2020 gross new lending volumes expected to be c.70% of
2019 volumes
€3.1bn
•
€3.8bn
€3.8bn
€3.8bn
48%
•
€1.3bn
€1.5bn
€1.5bn
€2.0bn
€1.1bn
€0.8bn
€1.0bn
€0.8bn
€0.3bn
.
€1.3bn
Q1 19
€1.4bn
Q1 20
€1.4bn
€0.9bn
•
Q2 19
Q2 20
■Retail Ireland Corporate Retail UK Redemptions
1 On a constant currency basis
2 Excluding revolving credit facilities
Bank of Ireland
13View entire presentation