ANGLO IRISH BANK

1
ANGLO IRISH BANK
Morgan Stanley European Banks Conference

• London
• 5 April 2005

David Drumm Chief Executive
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Morgan Stanley Banks Conference

• Close period
• Results for 6 months to 31 March 05 for issue
  4 May

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Themes

• Organic vs external growth
• Interest rate cycle
• Focus

Apt for Anglo
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Organic vs external growth
Organic
Largely organic history
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Organic successes

• Treasury
• UK
• Private Bank (Dublin)
• Boston

Building excellent franchises
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Growth strategy

• Opportunistic approach to acquisitions
• Proven ability to execute
• But
• Plenty of organic growth potential

Clear, organic focus
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Managing the interest rate cycle

• Asset quality
• Margins
• Growth

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Asset quality

• Our entire focus
• Key to long-term, sustainable profit growth
• Model
• People
• Cash flow interest rate risk management
• Security
• Recourse

Making just 2 margin - must protect it
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Margins

• Business market net margin is transparent
• Asset margin focus

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Growth

• Fortunate given market position
• Ireland
• UK
• USA

Stable, low interest rate environment is good for
Banks
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Focus is beautiful

• Focus is everythingto us
• Focus - Market position
• Focus - Asset quality
• Focus - People
• Focus - Delivery

Concentrate where we can add real value
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Future Strategy

• Continue to follow our Proven Strategy
• Retain our Centralised Business Model
• Asset Quality not sacrificed for volume
• Continue diversification of Funding Base
• Largely Organic acquisitions only if fit strict
  criteria

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(No Transcript)
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Appendices
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Broker Coverage
Investment Firm Contact Phone Number Morgan
Stanley Stephen Jarvis/ Robin Down 44 207 513
3933 ABN Amro Liam Boggin 353 1 609 3800 BNP
Paribas Sarah Horder 44 207 595 6511 CAI
Chevereux Mark Phin/Ian Poulter 44 207 621
5232 Cazenove Natasha Oliver 44 207 155
6664 Commerzbank Piers Brown 44 207 653
7654 Davy Stockbrokers Emer Lang/ Scott
Rankin 353 1 614 8997 Fox-Pitt, Kelton Bill
Howard/ Trevor Griffiths 44 207 696 6347 Keefe,
Bruyette Woods Mark Thomas/ James Hutson 44
207 663 5279 Goodbody Stockbrokers Eamonn
Hughes 353 1 641 9442 Merrill Lynch Cristina
Marzea / 44 207 996 2134 John Paul
Crutchley Merrion Capital Seamus Murphy 353 1
240 4100 NCB Stockbrokers David Odlum 353 1 611
5941
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Further Information

• For additional information, please contact any of
  the individuals below.

Willie McAteer Group Finance Director Direct Tel
353 1 616 2310 E-mail williammcateer_at_angloirishb
ank.ie
David Drumm Chief Executive Direct Tel 353 1
616 2217 E-mail daviddrumm_at_angloirishbank.ie
John Rowan Managing Director UK Direct Tel 44
207 710 7020 E-mailjohnrowan_at_angloirishbank.co.uk
Tom Browne Managing Director - Ireland Direct
Tel [phone] E-mail tombrowne_at_angloirishb
ank.ie
Matt Moran Chief Financial Officer Direct Tel
353 1 616 2559 E-mail mattmoran_at_angloirishbank.i
e
Anglo Irish Bank, Stephen Court, 18/21 St.
Stephens Green, Dublin 2 www.angloirishbank.com