Bank of Ireland’s Capital Remains Strong, Says CEO

The transcript discusses the impact of a 937 million impairment charge on the bank's financial outlook, reflecting both expected and actual losses. It highlights the cautious optimism regarding economic recovery post-lockdown, with positive trends in the housing market and fiscal stimulus. The role of government in banking, particularly in providing payment breaks, is examined. Current demand trends and future financial projections are also discussed, with a focus on supporting customers through the crisis.

What portion of the impairment charge reflects expected losses?

• 1/2

• 1/3

• 2/3

• 3/4

How has the easing of lockdowns affected the Irish economy?

• Unemployment claims have increased.

• Mortgage applications have risen.

• The economy has not shown any positive trends.

• House prices have decreased significantly.

What percentage of the bank is owned by the government?

• 10%

• 14%

• 20%

• 40%

What has been the bank's approach to supporting customers during the pandemic?

• Offering new credit cards

• Providing payment breaks

• Increasing interest rates

• Reducing loan amounts

What is the current status of demand for payment breaks?

• It has increased significantly.

• It has remained the same.

• It has decreased since the initial surge.

• It is no longer available.

What is the bank's medium-term target for return on tangible equity?

• 10-12%

• 12-15%

• 5-7%

• 8-10%

What challenge do businesses face in the new normal?

• High interest rates

• Lack of government support

• Increased competition

• Social distancing measures