Market Leader with Potential for Further Penetration
The Bank has been Radically Transformed...
NPE ratio reduced to 4%; no tail risk
NPE ratio
63%
47%
4%
Capital strengthened organically while restructuring
No equity issuance since 2014
15.0
7.4
Net NPES
9.9
3.5
0.4
0.1
Dec 14
Dec 18
Dec 22
Coverage 34%
52%
69%
Strong liquidity position restored
LCR
141%
L/D ratio²
231%
291%
72%
52%
-97%
CET1 ratio
(FL)
Dec 14
Dec 18
Dec 22
1)
2)
CET1 ratio restated for the dividend distribution out of FY2022 profits of c.20 bps
Net loan to deposit ratio
3)
14.5%
13.4%
10.1%
Dec 14
Dec 18
Dec 22 1
Delivering positive returns since 2021
<0%
FY2014
<0%
FY2018
1.8%
FY2021
4.3%
FY2022
Reported
ROTE 3
ROTE calculated as annualised profit after tax (attributable to owners of the Company) divided by quarterly average shareholders' equity
minus intangible assets
11
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