Key Figures

GROUP INCOME STATEMENT 2013 (€m) 2014 (€m) 2015 (€m)
Net interest income (before ELG fees) 2,133 2,358 2,454
Eligible Liabilities Guarantee (ELG) fees (129) (37) (10)
Net Other Income 642 653  828 
Operating income (net of insurance claims) 2,646 2,974 3,272
Operating expenses (before Irish Bank Levy) (1,576) (1,635) (1,738)
Irish Bank Levy - (38)  (38) 
Operating profit before impairment charges on financial assets 1,070 1,301 1,451
Impairments charges on loans and advances to customers (1,665) (542) (296)
Reversal of impairment charges on available for sale (AFS) financial assets - 70 -
Share of results of associates and joint ventures (after tax) 31 92  46 
Underlying profit / (loss) before tax (564) 921 1,201
GROUP PERFORMANCE 2013 2014 2015
Net interest margin (%) 1.84% 2.11% 2.19%
Average interest earning assets (€bn) 115 109 109
Defaulted Loans (€bn) 17.1 14.3 10.5
Per unit of €0.05 ordinary stock
Basic profit / (loss) per share (€ cent) -2.3 2.0 2.3
Underlying profit / (loss) per share (€ cent) -2.4 2.0 2.3
Tangible Net Asset Value (€ cent) 19.0 22.0 24.1
BALANCE SHEET 2013 (€m) 2014 (€m) 2015 (€m)
Loans and advances to customers (after impairment provisions 85 82 85
Liquid assets 27 25 24
Other assets 6
Total assets 132 130  131 
Customer deposits 74 75 80
Wholesale Funding 27 20 14
Other liabilities 7 8 10
Subordinate liabilities 2
Total liabilities 124 121 122
Stockholders equity 8
Total liabilities and stockholders equity 132 130  131 
LIQUIDITY 2013 2014 2015
Liquidity Coverage ratio n/a 98% 108%
Net Stable Funding ratio n/a 114% 120%
Loan to deposit ratio 114% 110% 106%
CAPITAL 2013 2014 2015
Common equity tier 1 ratio – Basel III fully loaded (excluding 2009 Preference Stock) 6.3% 9.3% 11.3%
Total capital ratio – Basel III transitional rules 14.1% 18.3% 18%
Risk weighted assets (€bn) 54.8 51.6 53.3