Aug 03, 2021 / 07:30AM GMT
Operator
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.
Francesca Jane McDonagh - Bank of Ireland Group plc - Group CEO & Executive Director
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
Half Year 2021 Bank of Ireland Group PLC Earnings Call Transcript
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