EBA欧洲银行-IE038_10页_1mb

Summary of the 2011 EBA EU-wide Stress Test Results for Bank of Ireland

Core Tier 1 Capital Ratio

• As of 31 December 2010:

  • Core Tier 1 Capital: 7,037 million EUR
  • Core Tier 1 Capital Ratio: 8.4%
  • Additional capital needed to reach a 5% Core Tier 1 capital benchmark: 0

• Outcomes of the adverse scenario at 31 December 2012 (excluding mitigating actions):

  • Core Tier 1 Capital Ratio: 3.4%

• Outcomes of the adverse scenario at 31 December 2012 (including mitigating actions up to 30 April 2011):

  • Core Tier 1 Capital Ratio: 7.1%
  • Additional capital needed to reach a 5% Core Tier 1 capital benchmark: 0

Capital Adequacy and Profit/Loss Results

A. Stress Test Based on Full Static Balance Sheet (No Mitigating Actions)

• Risk Weighted Assets (RWA):

  • 2010: 83,870 million EUR
  • 2011: 82,606 million EUR
  • 2012: 78,269 million EUR (Baseline) / 79,889 million EUR (Adverse)

• Core Tier 1 Capital:

  • 2010: 7,037 million EUR
  • 2011: 6,156 million EUR
  • 2012: 5,925 million EUR (Baseline) / 2,711 million EUR (Adverse)

• Operating Profit Before Impairments:

  • 2010: 3,526 million EUR
  • 2011: 526 million EUR (Baseline) / -169 million EUR (Adverse)
  • 2012: 552 million EUR (Baseline) / 85 million EUR (Adverse)

• Impairment Losses:

  • 2010: -2,055 million EUR
  • 2011: -1,621 million EUR (Baseline) / -2,394 million EUR (Adverse)
  • 2012: -1,011 million EUR (Baseline) / -2,226 million EUR (Adverse)

• Operating Profit After Impairments:

  • 2010: 1,471 million EUR
  • 2011: -1,095 million EUR (Baseline) / -2,563 million EUR (Adverse)
  • 2012: -459 million EUR (Baseline) / -2,141 million EUR (Adverse)

• Net Profit After Tax:

  • 2010: -609 million EUR
  • 2011: -2,545 million EUR (Baseline) / -4,974 million EUR (Adverse)
  • 2012: -577 million EUR (Baseline) / -1,961 million EUR (Adverse)

B. Stress Test Including Recognised Mitigating Measures

• Risk Weighted Assets (RWA):

  • 2012: 62,282 million EUR

• Core Tier 1 Capital:

  • 2012: 4,425 million EUR

• Core Tier 1 Capital Ratio:

  • 2012: 7.1%

• Effect of Government Support:

  • Increased Core Tier 1 capital ratio by 5.3 percentage points

• Effect of Mandatory Restructuring Plans:

  • Decreased Core Tier 1 capital ratio by 3.0 percentage points

• Total Regulatory Capital:

  • 2012: 6,466 million EUR

Additional Information

• Deferred Tax Assets:

  • 2010: 898 million EUR
  • 2011: 1,593 million EUR
  • 2012: 2,465 million EUR (Adverse)

• Stock of Provisions:

  • 2010: 3,505 million EUR
  • 2011: 5,136 million EUR
  • 2012: 8,129 million EUR (Adverse)

• Coverage Ratio:

  • Corporate (excluding Commercial Real Estate): 46.8%
  • Retail (excluding Commercial Real Estate): 31.7%
  • Commercial Real Estate: 39.5%

• Loss Rates:

  • Corporate (excluding Commercial Real Estate): 2.5%
  • Retail (excluding Commercial Real Estate): 1.6%
  • Commercial Real Estate: 4.1%

• Funding Cost (bps):

  • 2011: 303 bps
  • 2012: 343 bps (Adverse)

Mitigating Measures

• Equity Raisings Announced and Fully Committed (31 December 2010 to 30 April 2011):

  • 4,200 million EUR

• Other Mitigating Measures:

  • Use of Provisions and Reserves: 0 million EUR (no impact)
  • Divestments and Management Actions: 0 million EUR (no impact)
  • Other Disinvestments and Restructuring Measures: 0 million EUR (no impact)
  • Future Government Subscriptions: 0 million EUR (no impact)
  • Other Back-stop Measures: 1,6 percentage points (positive impact on capital ratio)

• Supervisory Recognised Capital Ratio (31 December 2012):

  • 8.7%

Notes and Definitions

• The stress test was conducted using the EBA common methodology with a static balance sheet assumption.
• Capital elements and ratios are based on the EBA definition of Core Tier 1 capital, which may differ from national definitions.
• The results are not forecasts and should not be compared directly to other published information.
• Regulatory transitional floors are applied where binding, and RWA calculations are based on EBA methodology.
• Capital and profit figures are net of tax effects.
• Mitigating measures include government support, capital raisings, and restructuring plans, which are incorporated into the Core Tier 1 capital ratio.