Investor Presentaiton
Capital evolution in line with plan; exceeding regulatory expectations
Total Capital ratio quarterly evolution
€ bn
8.1
6.7
€1.3bn
regulatory
Buffer over
14.0%¹ CAD
1.4%
CAD
18.3%
0.02%
2.20%
2.3%
17.4%
2.6%
(1.0%)
(2.85%)
(0.23%)
16.0%
CET1
Expected completion by H1 2022
14.8%
Total Capital ratio
Mar-21
Organic capital Galaxy & Cepal
generation²
impact
Other
SCI
Jun-21
pf SCI
Internal
Capital
measures
Inorganic
NPE reduction
Total Capital ratio
%, Fully Loaded
CAD
16.5%
15.4%
CET1 14.2%
12.7%
Total capital evolution 2021 - 2024
%, Transitional
18.3%
2023-24E
2021-22E
requirement
17.0%
16.7%
16.9%
2.7%
requirement
2.8%
2.8%
2.9%
OCR:
OCR:
14.5%
14.0%
14.9% factoring
15.6%
RWA relief from
13.9%
14.0%
14.2%
CET1:
transactions
expected to
complete in 2022
CET1:
9.2%
9.7%
2021E
2022E
2023E
2024E
FL CAD
Mar-21
FL CAD
Jun-21pf SCI
1| 14% 2020 OCR pre relief measures or 11% post relief measures excluding CCB 2.5% and OS-II buffer 0.5%. 2| Organic capital generation includes Q2 21 profit and RWA growth for the period.
18
ALPHA
SERVICES AND HOLDINGSView entire presentation