1H22 Financial Performance
Conservative €10.3bn securities portfolio with HQLA1
3 representing ~70%
Securities Portfolio: Breakdown
(€bn)
YoY portfolio reduced by
€0.8bn, due to: i) market
performance; and ii) the
execution of de-risking
strategy and the maturity
profile of the sovereign
debt
Securities Portfolio: Ratings4
(Jun-22; €bn)
11.1
10.5
10.3
0.9
0.8
0.7
Other²
3.5
3.4
Bonds³
4.1
Other
3.5
3.2
Sovereign debt
3.4
3.3
3.1
2.2
PT Sovereign
debt
Jun-21
Dec-21
Jun-22
novobanco
[B+; B-]
AAA
2% 9%
[AA+; AA-]
[BB+; BB-]
13%
18%
[A+; A-]
37%
21%
[BBB+; BBB-]
Securities portfolio with an average yield of 1.32%
(1) HQLA: High Quality Liquid Assets; (2) Includes Funds and Equity Holdings; (3) Includes Corporate Debt and Supra; (4) Breakdown excludes Funds and Equity Holding and Commercial Paper;
Considers S&P Rating and novobanco internal rating if S&P not available; Graph includes Other of 0.4% classified by novobanco as Defaulted
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