Half Year 2021 Bank of Ireland Group PLC Earnings Call Transcript
Good morning, ladies and gentlemen. We will now listen to the Bank of Ireland's Interim Results Announcement for 2021, presented by CEO, Francesca McDonagh; and CFO, Myles O'Grady, followed by a Q&A. Thank you.
Good morning, and you're very welcome to our results presentation. In the first half of 2021, we've seen a strong recovery in our performance. We've continued to deliver our strategy. We've maintained a laser-like focus on costs. Our economic outlook is increasingly positive with sentiment back to prepandemic levels, and we've announced 2 significant acquisitions. This progress is reflected in our results.
Group operating profit of EUR 465 million is up 72% compared with the same period last year. If we leave at the total year 2020 and compare our results to the same period in 2019, our underlying operating profit pre-impairment is up 7%. Our asset quality remains strong, supported by the improving economic backdrop and our net impairment charge of just
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