Bank of Ireland Group (BIRG) investor relations material

Strategic position and market overview

• Holds leading positions in Irish retail banking, mortgages, and wealth management, with over 4 million customers and a strong digital presence; powers 40% of all payments in the Irish economy.

• Maintains #1 market share in Irish commercial banking and SME lending, with a broad footprint across Ireland and Northern Ireland.

• Ireland's economic fundamentals remain robust, with GDP growth outpacing the Euro area and UK, and strong demographic and wealth trends supporting long-term growth.

Financial performance and targets

• FY25 profit before tax reached €1.39bn, with Irish loans and deposits up 6% and AUM up 9%; adjusted ROTE at 13.9%.

• Net interest income expected to grow from €3.37bn in FY25 to over €3.85bn by FY28, driven by balance sheet growth and structural hedge benefits.

• Cost income ratio improved to 49% in FY25, with a target to reduce to the mid-40s by FY28 through efficiency measures and digital investments.

• Statutory ROTE targeted to exceed 16% by FY28, with progressive dividend policy and surplus capital available for additional distributions.

Capital, liquidity, and asset quality

• CET1 ratio at 15.1% at end FY25, providing a 3.7% buffer to regulatory requirements; updated guidance of c.14.5% for the new cycle.

• MREL ratio of 31.6% at FY25, well above requirements, with ongoing issuance of green and senior debt.

• Asset quality remains strong, with NPE ratio at 2.2% and cost of risk expected in the low to mid-20s bps for FY26.