Investor Presentaiton
RUSSIAN OFFSHORE EXPOSURE DOWN BY ~-45% IN 2022
Portfolio managed in run-off mode since
end February
_Evolution of exposure at default (EURbn)
Exposure mainly composed of secured
transactions
_Exposure at default by sectors at 31 December 22
3.2
2.8
2.6
1.8
Reduced EAD at EUR 1.8bn as of
31 December 2022
31 Dec. 21
31 Mar. 22
30 Jun. 22 31 Dec. 22
Repayment flows consistent with
contractual amortization terms
Best estimate to date of the net Exposure at Risk < EUR 0.6bn (1)
Others
Transport &
logistics
5%
6%
Chemicals
23%
Telecoms 7%
EUR 1.8bn
18%
Metallurgy and
steel industry
22%
Metals &
Mining
19%
Oil & Gaz
Total provisions on offshore exposure at EUR 427m as of 31 December 2022
Residual EAD to Rosbank < EUR 0.1bn
. Mainly letters of credit and performance guarantees
_Corporate gross exposure by type at 31 December 22
Term Loan
25%
25%
ECA-backed
Trade finance 5%
(1) Excluding replacement risk and before provisions
SOCIETE
GENERALE
45%
Pre-export Finance
4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023
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