Bank of Ireland 2020 Interim Results
Summary and conclusion
Bank of Ireland 2020 Interim Results
Trading outlook
While uncertainties remain, accelerated economic activity is supporting improved
outlook for 2020 lending and income vs. Q1 outlook
Capital
Strong capital position with fully loaded CET1 ratio of 13.6%, regulatory CET1 ratio 14.9%
Asset quality
Proven track record, over a sustained period, of working with customers to find
sustainable solutions
Transformation
Efficiency
UK retail
Multi-year programme delivery against milestones; delivering agile, digitised solutions
for customers and creating cost efficiencies
All tactical and strategic opportunities being captured to further reduce our cost
base; 2021 costs to be below previous guidance of €1.65bn
Further restructuring required to improve returns; strategic review of Northern
Ireland retail business recently commenced
Bank of Ireland
32
32View entire presentation