Bank of Ireland Group (BIRG) investor relations material

Strategic highlights

• Achieved strong growth across all business areas, with upgraded FY26 guidance and a positive outlook to FY28.

• Focused on driving growth in Ireland, optimizing capital allocation, and investing in digital, data, and AI capabilities.

• Maintains a leading position in the Irish market, supported by favorable demographics and robust economic fundamentals.

• Customer volumes expected to grow over 12% from FY26-28, with total customer volumes surpassing €280bn by FY28.

• Investing €1.5bn over FY26-28 to enhance digital platforms and customer experience.

Financial performance

• H126 saw Irish loans up 7%, deposits up 3%, and AUM up 18% annualized.

• Net interest income grew 2% year-on-year, with upgraded FY26 NII guidance to €3.5bn.

• Cost income ratio improved to 50.5%, with total costs up 2% and CIR expected to reach mid-40s by FY28.

• ROTE reached 14.4% in H126, with a target of over 16% by FY28.

• EPS grew 36% and interim dividend per share increased 56% to 39c.

Business segment performance

• Everyday Banking balances in Ireland grew 3% annualized to €88bn, with new product openings up 4%.

• Irish mortgage book reached €38.5bn, growing 6% annualized and maintaining #1 market share.

• Wealth and Insurance AUM rose 18% to €65.5bn, with fee income up 11%.

• Retail UK income increased 8%, with a focus on selective lending and value over volume.

• Corporate & Commercial net lending in Ireland up 14%, with targeted growth in priority sectors.