Bank of Ireland Group (BIRG) Investor presentation summary

Business model and market position

• Operates a highly capital generative business model with leading positions in banking, wealth, and assurance in Ireland and the UK.

• Irish economy expected to grow >10% (2025-27), outpacing the Euro area.

• Market-leading franchises drive growth, operating leverage, and attractive returns.

• Strategic pillars focus on stronger relationships, simpler business, and sustainability.

• Active digital users up 3% y/y; customer complaints down 21% y/y.

Financial performance and growth

• FY24 profit before tax €1.9bn, ROTE 16.8%, cost-to-income ratio 46%.

• Irish loans up 6%, deposits up 2%, AUM up 19% y/y.

• Capital generation of 310bps, 80% payout ratio, distributions equal to 14% of market cap.

• Net interest income €3.57bn, in line with guidance; lending and liquid asset income up, funding costs higher.

• Strong AUM growth (+19%) to €54.8bn, driven by net inflows and market growth.

Asset quality and risk management

• NPE ratio reduced by 90bps to 2.2%, now in line with European averages.

• Stage 2 loans reduced by €2bn; total coverage ratio 1.2%.

• Impairment charge of 15bps, better than guidance; FY25 charge expected low to mid 20bps.

• Diversified loan book with strong collateralisation; mortgages 61% of book, avg. LTV 55%.