 |
|
|
|
|
|
| Earnings - Operating Profit |
|
|
|
|
|
2008 |
| |
€m |
|
% |
|
|
|
|
|
|
| Life Assurance |
284 |
|
83 |
|
|
|
|
|
|
| Banking & Other |
34 |
|
10 |
|
|
|
|
|
|
| Associate |
23 |
|
7 |
|
|
|
|
|
|
| |
341 |
|
100 |
|
|
|
|
|
|
| |
| Operting Earnings per Share (cent) |
111 |
|
|
|
|
|
|
|
|
| Life Assurance Investment Mix: Unit-linked |
|
|
|
|
|
2008 |
| |
€bn |
|
% |
|
|
|
|
|
|
| Equities |
10.1 |
|
48 |
|
|
|
|
|
|
| Property |
2.1 |
|
10 |
|
|
|
|
|
|
| Debt securities |
6.3 |
|
30 |
|
|
|
|
|
|
| Cash/Other |
2.7 |
|
13 |
|
|
|
|
|
|
| |
21.2 |
|
100 |
|
|
|
|
|
|
| Life Assurance Investment Mix: Non-linked |
|
|
|
|
|
2008 |
| |
€bn |
|
% |
|
|
|
|
|
|
| Equities |
0.1 |
|
5 |
|
|
|
|
|
|
| Property |
0.1 |
|
5 |
|
|
|
|
|
|
| Cash/Other |
0.4 |
|
18 |
|
|
|
|
|
|
| Debt securities |
1.6 |
|
73 |
|
|
|
|
|
|
| |
2.2 |
|
100 |
|
|
|
|
|
|
| Life Assurance Investment Mix: Non-linked Debt Securities |
|
|
|
|
|
2008 |
| |
€bn |
|
% |
|
|
|
|
|
|
| AAA |
1.4 |
|
88 |
|
|
|
|
|
|
| AA |
0.1 |
|
9 |
|
|
|
|
|
|
| A |
0.05 |
|
3 |
|
|
|
|
|
|
| |
1.6 |
|
100 |
|
|
|
|
|
|
| Bank Loan Book |
|
|
|
|
|
2008 |
| |
€bn |
|
% |
|
|
|
|
|
|
| Residential Mortgages (ROI)* |
27.9 |
|
70 |
|
|
|
|
|
|
| Residential Mortgages (UK)* |
7.2 |
|
18 |
|
|
|
|
|
|
| Commercial Mortgages |
2.4 |
|
6 |
|
|
|
|
|
|
| Consumer Finance |
2.4 |
|
6 |
|
|
|
|
|
|
| Total |
39.9 |
|
100 |
|
|
|
|
|
|
| *including securitised loans |
|
|
|
|
| Bank Liquidity Portfolio |
|
|
|
|
|
2008 |
| |
€bn |
|
% |
|
|
|
|
|
|
| Sovereign Bonds |
0.4 |
|
12 |
|
|
|
|
|
|
| Bank FRNs |
2.2 |
|
64 |
|
|
|
|
|
|
| RMBS (prime Euro denominated) |
0.8 |
|
24 |
|
|
|
|
|
|
|
|
|
|
|
| |
3.4 |
|
100 |
|
|
|
|
|
|
| |
€bn |
|
% |
|
|
|
|
|
|
| AAA |
1.6 |
|
48 |
|
|
|
|
|
|
| AAA |
0.3 |
|
9 |
|
|
|
|
|
|
| A |
1.1 |
|
33 |
|
|
|
|
|
|
| BAA |
0.2 |
|
6 |
|
|
|
|
|
|
| D* |
0.1 |
|
3 |
|
|
|
|
|
|
| |
3.4 |
|
100 |
|
|
|
|
|
|
| * Icelandic & Lehman Brothers senior debt |
|
|
|
|
| Bank Funding Mix |
|
|
|
|
|
2008 |
| |
€bn |
|
% |
|
|
|
|
|
|
| Long-term debt |
12.7 |
|
29 |
|
|
|
|
|
|
| Customer Accounts |
14.6 |
|
33 |
|
|
|
|
|
|
| Short-term debt |
17.1 |
|
38 |
|
|
|
|
|
|
|
|
| Total |
44.4 |
|
100 |
|
|
|
|
|
|
| Capital Strength |
|
|
|
|
| Regulatory Capital |
|
|
|
|
|
|
|
|
|
| Life Assurance - RMMS cover |
1.6 times |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Banking - Basel II |
|
|
|
|
|
|
|
|
|
| Total / Core Tier 1 capital ratio |
9.2% |
|
|
|
|
|
|
|
|
| Ratings |
|
|
|
|
|
|
|
|
|
| Covered by Irish Government guarantee |
|
|
|
|
| Moodys |
Aaa/P1 |
|
|
|
|
|
|
|
|
| Standard & Poors |
AA+/A-1+ |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outside Irish Government guarantee |
|
|
|
|
| Moodys |
A1/P1 |
|
|
|
|
|
|
|
|
| Standard & Poors |
A-/A-1 |
|
|
|
|
|
|
|
|
| New Business |
|
|
|
|
| Life Assurance Sales (APE) |
2008 |
| |
€m |
|
% |
|
|
|
|
|
|
| Retail |
247 |
|
35 |
|
|
|
|
|
|
| Corporate |
234 |
|
33 |
|
|
|
|
|
|
| Irish Life Investment Managers |
203 |
|
28 |
|
|
|
|
|
|
| Irish Life International |
30 |
|
4 |
|
|
|
|
|
|
| Total |
714 |
|
100 |
|
|
|
|
|
|
| New Business Margin (APE) |
|
|
|
|
|
|
| |
% |
|
|
|
|
|
|
|
|
| Life |
15.1 |
|
|
|
|
|
|
|
|
| Investment |
11.4 |
|
|
|
|
|
|
|
|
| Life Assurance Sales (PVNBP) |
2008 |
| |
€m |
|
% |
|
|
|
|
|
|
| Retail |
1,450 |
|
28 |
|
|
|
|
|
|
| Corporate |
1,398 |
|
27 |
|
|
|
|
|
|
| Irish Life Investment Managers |
2,028 |
|
39 |
|
|
|
|
|
|
| Irish Life International |
304 |
|
6 |
|
|
|
|
|
|
| Total |
5,180 |
|
100 |
|
|
|
|
|
|
| New Business Margin (PVBNP) |
|
|
|
|
|
|
| |
% |
|
|
|
|
|
|
|
|
| Life |
2.4 |
|
|
|
|
|
|
|
|
| Investment |
1.1 |
|
|
|
|
|
|
|
|
| Banking New Lending |
|
|
|
|
|
2008 |
| |
€bn |
|
% |
|
|
|
|
|
|
| Residential Mortgages (Irl) |
4.2 |
|
59 |
|
|
|
|
|
|
| Residential Mortgages (UK) |
1.5 |
|
21 |
|
|
|
|
|
|
| Commercial Mortgages |
0.3 |
|
4 |
|
|
|
|
|
|
| Consumer Finance |
1.1 |
|
15 |
|
|
|
|
|
|
| Total |
7.1 |
|
100 |
|
|
|
|
|
|
| |
|
|
|
|
| |
% |
|
|
|
|
|
|
|
|
| Net Interest Margin |
1.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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