Key Figures

GROUP INCOME STATEMENT 2014 (€m) 2015 (€m) 2016 (€m)
Net interest income (before ELG fees) 2,358 2,454 2,283
Eligible Liabilities Guarantee (ELG) fees (37) (10) (20)
Net Other Income 653 828  842 
Operating income (net of insurance claims) 2,974 3,272 3,105
Operating expenses (before Irish Bank Levy) (1,635) (1,783) (1,747)
Irish Bank Levy (38) (38)  (38) 
Operating profit before impairment charges on financial assets 1,301 1,451 1,208
Impairments charges on loans and advances to customers (542) (296) (176)
Reversal of impairment charges on available for sale (AFS) financial assets 70 - (2)
Share of results of associates and joint ventures (after tax) 92 46  41 
Underlying profit / (loss) before tax 921 1,201 1,071
GROUP PERFORMANCE 2014 2015 2016
Net interest margin (%) 2.11% 2.19% 2.19%
Average interest earning assets (€bn) 109 108 99.4
Defaulted Loans (€bn) 14.3 10.6 6.9
Per unit of €0.05 ordinary stock
Basic profit / (loss) per share (€ cent) 2.0 2.3 2.2
Underlying profit / (loss) per share (€ cent) 2.0 2.3 2.2
Tangible Net Asset Value (€ cent) 22.0 24.1 24.7
BALANCE SHEET 2014 (€bn) 2015 (€bn) 2016 (€bn)
Loans and advances to customers (after impairment provisions 82 85 78
Liquid assets 25 24 21
Other assets 7 6 7
Total assets 130 131  123 
Customer deposits 75 80 75
Wholesale Funding 20 14 14
Other liabilities 8 12 7
Subordinated liabilities 2
Total liabilities 121 122 114
Stockholders equity 9
Total liabilities and stockholders equity 130 131  123 
LIQUIDITY 2014 2015 2016
Liquidity Coverage ratio 98% 108% 113%
Net Stable Funding ratio 114% 120% 122%
Loan to deposit ratio 110% 106% 104%
CAPITAL 2014 2015 2016
Common equity tier 1 ratio – Basel III fully loaded 9.3% 11.3% 12.3%
Total capital ratio – Basel III transitional rules 18.3% 18% 18.5%
Risk weighted assets (€bn) 51.6 53.3 50.8