2020 Results Announcement

Forward Looking Information - macro-economic scenarios Bank of Ireland 2020 Results Announcement 45 45 Republic of Ireland United Kingdom GDP growth¹ 31 Dec 2020 Central scenario 1 - 45% probability weighting GNP growth¹ Unemployment rate² 2021 2022 2023-2025 2021 2022 2023-2025 5.1% 3.6% 3.0% 6.3% 4.0% 1.9% 5.1% 3.4% 2.8% n/a n/a n/a 10.2% 5.9% 5.3% 7.1% 6.0% 4.7% Residential property price growth³ (3.0%) 0.0% 1.7% (3.0%) (1.0%) 2.0% Commercial property price growth³ (4.5%) 0.0% 1.0% (3.5%) 0.0% 0.8% Central scenario 2-5% probability weighting 2.8% GDP growth¹ 2.7% 3.7% 2.9% 4.3% 2.1% n/a GNP growth¹ 1.6% 3.5% 2.8% n/a n/a 6.2% Unemployment rate² 10.7% 8.1% 5.5% 7.3% 4.9% Residential property price growth³ (4.0%) 0.0% 1.7% (4.0%) (1.5%) 2.2% Commercial property price growth³ (5.5%) 1.0% 1.0% (5.0%) (1.5%) 1.0% Upside - 20% probability weighting GDP growth¹ GNP growth¹ Unemployment rate² 4.3% 8.1% 3.9% 3.2% 9.3% 2.1% n/a 8.3% 3.7% 3.0% n/a n/a 9.1% 4.7% 4.2% 5.9% 4.8% 3.9% 0.0% Residential property price growth³ (1.0%) 1.0% 2.0% (1.0%) 2.7% 1.0% Commercial property price growth³ (2.0%) 1.5% 1.0% (1.5%) 1.0% Downside scenario 1 - 25% probability weighting GDP growth¹ (1.9%) 3.5% 2.8% (1.0%) 2.4% 1.8% n/a GNP growth¹ (3.0%) 3.3% 2.6% n/a n/a 9.2% Unemployment rate² 12.9% 10.5% 8.2% 9.8% 7.8% Residential property price growth³ (5.0%) (2.0%) 1.3% (7.0%) (4.0%) 1.0% Commercial property price growth³ (7.0%) (1.0%) 0.8% (7.0%) (2.5%) 0.8% Downside scenario 2-5% probability weighting GDP growth¹ (2.1%) (1.0%) 2.5% (1.5%) (1.0%) 1.5% n/a GNP growth¹ (3.2%) (1.2%) 2.3% n/a n/a Unemployment rate² 14.0% 14.3% 11.7% 11.1% 10.5% 10.2% Residential property price growth³ (5.0%) (4.0%) 0.7% (6.0%) (8.0%) 0.0% Commercial property price growth³ (9.0%) (4.0%) 0.3% (8.0%) (4.0%) 0.3% 1 Annual growth rate 2 Average yearly rate 3 Year-end figures Bank of Ireland

View entire presentation