Key Figures

GROUP INCOME STATEMENT 2016 (€m) 2017 (€m) 2018 (€m)
Net interest income (before ELG fees) 2,298 2,248 2,146
Eligible Liabilities Guarantee (ELG) fees (20) - -
Net Other Income 848 801 659
Operating income (net of insurance claims) 3,126 3,049 2,805
Operating expenses (before Irish Bank Levy) (1,741) (1,796) (1,739)
Transformation Investment charge (41) (104) (113)
Levies and regulatory charges (109) (99) (101)
Operating profit before impairment charges 1,235 1,050 852
Impairments charges on loans and advances to customers (178) (15) 42
Share of results of associates and joint ventures 41 43 41
Underlying profit / (loss) before tax 1,098 1,078 935
GROUP PERFORMANCE 2016 2017 2018
Net interest margin (%) 2.20% 2.29% 2.20%
Average interest earning assets (€bn) 102 98 99
Non-performing exposures (€bn) 9.4 6.5 5.0
BALANCE SHEET 2016 (€bn) 2017 (€bn) 2018 (€bn)
Loans and advances to customers 78 76 77
Liquid assets 21 24 25
Wealth and Insurance assets 17 17 17
Other assets 7 6 5
Total assets 123 123 124
Customer deposits 75 76 79
Wholesale Funding 14 13 11
Wealth and Insurance Liabilities 17 17 17
Other liabilities 6 5 5
Subordinated liabilities and AT1 2 3 3
Shareholders' equity 9 9 9
Total liabilities & Shareholders' equity 123 123 124
LIQUIDITY 2016 2017 2018
Liquidity Coverage ratio 113% 136% 136%
Net Stable Funding ratio 122% 127% 130%
Loan to deposit ratio 104% 100% 97%
CAPITAL 2016 2017 2018
Common equity tier 1 ratio – Basel III regulatory rules 14.2% 15.8% 15.0%
Common equity tier 1 ratio – Basel III fully loaded 12.3% 13.8% 13.4%
Total capital ratio – Basel III transitional rules 18.5% 20.2% 18.8%
Risk weighted assets (€bn) 50.5 44.8 47.6