Bank of Ireland Q1 2020 IMS Presentation
Bank of Ireland Q1 2020 IMS Presentation
Q1 net lending growth; reduced activity in April
Group loan book movement
Net lending growth of €1.5bn
€79.5bn
€1.4bn
(€3.8bn)
€3.9bn
(€1.4bn)
Total €1.5bn
€79.6bn
Dec 19
Loan book
New
Lending
Revolving
Credit Facilities
Redemptions FX / Other
Mar 20
Loan book
•
New lending €3.9bn increased 17% vs. Q1 2019; reflecting
growth across all divisions
•
•
Irish mortgage market share increased to 26% in Q1 2020
Increased usage in Q1 of revolving credit facilities (RCFs) by
Corporate customers
Gross new lending volumes (excl. RCFs)
€1.1bn
•
•
€0.6bn
€0.7bn
€0.2bn
•
€0.1bn
€0.2bn
Reduced lending and economic activity in April
April 2020 new lending (excluding RCFs) 37% lower vs.
April 2019
Mortgage applications and drawdowns in Ireland at c.50%
vs. Q1
Reduced activity in UK mortgage market impacting new
lending volumes
Wealth & Insurance new Life and Pension applications at 50%
of prior year
. Lower fee and FX income from reduced economic activity
Bank of Ireland
€0.4bn
•
€0.3bn
Apr-19
Apr-20
Retail Ireland Corporate Retail UK
10View entire presentation