Investor Presentaiton
Net interest income remains under pressure from clean-up effort
Q1 21
Reported
Retrospective 2020 TLTRO
benefit booked in Q1
Q2 2021/Q1 2021
400
Q1 21
375
PES
(0.4)
NPES
(9.4)
Deposits
0.0
Funding
Bonds & Other
(2.9)
Q2 21
364
Retrospective 2020 TLTRO
benefit booked in Q2
Q2 21
371
Reported
Comments
(24.7)
•
Q1 TLTRO benefit: €24.7mn benefit related to H2 20
•
PES: Lower spreads on specific corporate repayments
•
NPES: Galaxy and increased provisioning leading balances lower
Deposits: Positive impact from repricing & mix shift offset by growing balances
1.8
.
Funding: ECB benefit partly counterbalanced by Tier Il cost
Bond & other: Lower one-off income related to loans and GGB recycling
6.9
•
Q2 Additional TLTRO benefit: €6.9mn for H2 20
13
ALPHA
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