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