Balance Sheet

The Group's loan book increased by €8.7 billion since December 2022 to €80.7 billion. This increase includes the €8 billion of loans acquired from KBC in February, €0.6 billion net impact from FX/impairment/other and net organic growth of €0.1 billion. The net organic growth comprises €1.3 billion increase in net lending in Ireland and a reduction in Retail UK of €0.5 billion, in line with strategy, and reduced international corporate and property lending of €0.7 billion reflecting a continued cautious approach.

The Group's liquid assets were €42.2 billion and wholesale funding was €11 billion at end-September

2023.

Customer deposits were €100.5 billion at end-September 2023, €1.3 billion higher compared to December

2022, reflecting the KBC deposit portfolio acquisition of €1.8 billion and growth in Retail Ireland of €0.4

billion, partly offset by a reduction in Retail UK and Corporate & Commercial volumes.

The Group's Loan to Deposit Ratio was 80% at end-September 2023 (December 2022: 73%). The Liquidity Coverage Ratio was 186% at end-September 2023 (December 2022: 221%), whilst the Net Stable Funding Ratio was 153% at end-September (December 2022: 163%). As expected, the changes in all three ratios in 2023 primarily reflect the impact of the KBC portfolios' acquisition.

Asset Quality

Impairment guidance remains unchanged, with the Group's asset quality in Q3 2023 performing in-line with expectations. Macroeconomic scenarios impacting credit impairment will, as usual, be refreshed to reflect updated market forecasts and captured as part of the Group's full-year credit impairment process. The Group's NPE ratio is unchanged from December 2022 at 3.6%. The Group remains focused on reducing the level of NPEs.

Capital Position

The Group's fully loaded CET1 ratio at end-September 2023 was 15.2% (14.8% at end-June 2023). The movement in the quarter reflects net organic capital generation of 90 basis points, partially offset by a

33% dividend accrual and the mix of investment in customer lending. The Group's regulatory CET1 and

total capital ratios were 15.4% and 20.1% respectively at end-September 2023.

ESG

In addition to a c.30% increase in sustainable lending in 2023, as part of Financial Wellbeing, the Group continues to focus on supporting customers to improve their financial resilience. As a founding signatory of the UNPRB commitment to Financial Health and Inclusion, in Q3 2023, the Group has committed to increase the number of customers who have the resilience to withstand the financial impact of an unexpected day-to-day expense or a major life event. Bank of Ireland is one of only 20 banks globally to have set targets in relation to this commitment and is a co-lead of the UNPRB working group on Financial Health and Inclusion.

Ends

For further information please contact: Bank of Ireland

Eamonn Hughes, Chief Sustainability & Investor Relations Officer                        +353 (0)87 2026325

Darach O'Leary, Head of Group Investor Relations                                                  +353 (0)87 9480650

Damien Garvey, Head of Group External Communications and Public Affairs    +353 (0)86 8314435

Forward Looking Statement

This document contains forward-looking statements with respect to certain of the Bank of Ireland Group plc (the 'Company' or 'BOIG plc') and its subsidiaries' (collectively the 'Group' or 'BOIG plc Group') plans and its current goals and expectations relating to its future financial condition and performance, the markets in which it operates and its future capital requirements. These forward-looking statements often can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as 'may,' 'could,' 'should,' 'will,'

'expect,' 'intend,' 'estimate,' 'anticipate,' 'assume,' 'believe,' 'plan,' 'seek,' 'continue,' 'target,' 'goal,' 'would,' or their negative variations or similar expressions identify forward-looking statements, but their absence does not mean that a statement is not forward-looking.

Examples of forward-looking statements include, among others: statements regarding the Group's near term and longer term future capital requirements and ratios, loan to deposit ratios, expected impairment charges, the level of the Group's assets, the Group's financial position, future income, business strategy, projected costs, margins, future payment of dividends, future share buybacks, the implementation of changes in respect of certain of the Group's pension schemes, estimates of capital expenditures, discussions with Irish, United Kingdom, European and other regulators, plans and objectives for future operations, and the impact of Russia's invasion of Ukraine particularly on certain of the above issues and generally on the global and domestic economies. Such forward-looking statements are inherently subject to risks and uncertainties, and hence actual results may differ materially from those expressed or implied by such forward-looking statements.

Such risks and uncertainties include, but are not limited to, those as set out in the Risk Management Report in the Group's Annual Report for the year ended 31 December 2022. Investors should also read 'Principal Risks and Uncertainties' in the Group's Interim Report for the six months ended 30 June 2023 beginning on page 25.

Nothing in this document should be considered to be a forecast of future profitability, dividend forecast or financial position of the Group and none of the information in this document is or is intended to be a profit forecast, dividend forecast, or profit estimate. Any forward-looking statement speaks only as at the date it is made. The Group does not undertake to release publicly any revision to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date hereof.