Key Figures

GROUP INCOME STATEMENT 2019* (€m) 2020 (€m) 2021 (€m)
Net interest income (before ELG fees) 2,167 2,115 2,219
Net Other Income 669 505 725
Operating income (net of insurance claims) 2,836 2,620 2,944
Operating expenses (before Irish Bank Levy) (1,677) (1,720) (1,646)
Transformation Investment charge (108) (56) (29)
Levies and regulatory charges (117) (125) (130)
Impairment of intangible assets and goodwill - (12) (1)
Operating profit before impairment charges 934 763 1,167
Impairments charges on loans and advances to customers (215) (1,133) 194
Share of results of associates and joint ventures 39 (4) 5
Underlying profit / (loss) before tax 758 (374) 1,366

 

GROUP PERFORMANCE 2019* 2020 2021
Net interest margin (%) 2.14% 2.00% 1.86%
Average interest earning assets (€bn) 101 106 119
Non-performing exposures (€bn) 3.5 4.5 4.3
BALANCE SHEET 2019 (€bn) 2020 (€bn) 2021 (€bn)
Loans and advances to customers 79 77 76
Liquid assets 27 31 50
Other assets 26 26 29
Total assets 132 134 155
Customer deposits 84 89 93
Wholesale funding 11 9 21
Shareholders' equity 10 9 10
Other liabilities 27 27 31
Total liabilities & Shareholders' equity 132 134 155
LIQUIDITY 2019 2020 2021
Liquidity Coverage ratio 138% 153% 181%
Net Stable Funding ratio 131% 138% 144%
Loan to deposit ratio 95% 86% 82%
CAPITAL 2019 2020 2021
Common equity tier 1 ratio – Basel III regulatory rules 15.0% 14.9% 17.0%
Common equity tier 1 ratio – Basel III fully loaded 13.8% 13.4% 16.0%
Total capital ratio – Basel III transitional rules 18.6% 19.2% 22.3%
Risk weighted assets (€bn) 49.9 48.0 46.2

*Restated to reflect the impact of the voluntary change in the Group’s accounting policy for interest income and expense