Key Figures

GROUP INCOME STATEMENT 2018 (€m) 2019* (€m) 2020 (€m)
Net interest income (before ELG fees) 2,146 2,167 2,115
Net Other Income 659 669 505
Operating income (net of insurance claims) 2,805 2,836 2,620
Operating expenses (before Irish Bank Levy) (1,739) (1,677) (1,664)
Transformation Investment charge (113) (108) (56)
Levies and regulatory charges (101) (117) (125)
Impairment of intangible assets and goodwill - - (12)
Operating profit before impairment charges 852 934 763
Impairments charges on loans and advances to customers 42 (215) (1,133)
Share of results of associates and joint ventures 41 39 (4)
Underlying profit / (loss) before tax 935 758 (374)
GROUP PERFORMANCE 2018 2019* 2020
Net interest margin (%) 2.20% 2.14% 2.00%
Average interest earning assets (€bn) 99 101 106
Non-performing exposures (€bn) 5.0 3.5 4.5
BALANCE SHEET 2018 (€bn) 2019 (€bn) 2020 (€bn)
Loans and advances to customers 77 79 77
Liquid assets 25 27 31
Other assets 22 26 26
Total assets 124 132 134
Customer deposits 79 84 89
Wholesale funding 11 11 9
Shareholders' equity 9 10 9
Other liabilities 25 27 27
Total liabilities & Shareholders' equity 124 132 134
LIQUIDITY 2018 2019 2020
Liquidity Coverage ratio 136% 138% 153%
Net Stable Funding ratio 130% 131% 138%
Loan to deposit ratio 97% 95% 86%
CAPITAL 2018 2019 2020
Common equity tier 1 ratio – Basel III regulatory rules 15.0% 15.0% 14.9%
Common equity tier 1 ratio – Basel III fully loaded 13.4% 13.8% 13.4%
Total capital ratio – Basel III transitional rules 18.8% 18.6% 19.2%
Risk weighted assets (€bn) 47.6 49.9 48.0

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