Q3 2020 Business Update amid Covid-19
Business performance: NII and NIM
NII increases yoy and qoq
Group
1,188
.168
2.14%
2.04%
1,192
2.04%
165
1.57%
AT/EBO e
160
1.56%
161
1.49%
265
1.75%
AT/SB
265
1.69%
270
1.69%
109
1.11%
AT/OA
114
1.10%
114
1.12%
285
2.02%
CZ
|242
255
[1.70%
1.77%
110
RO
109
108
108
SK
109
109
HO
HU
515
53
49
57
HR
66
9899
69
66
2.52%
2.42%
2.40%
2.76%
2.22%
2.57%
3.14%
2.89%
68
15
RS
15
17
557
3.28%
10
Other
39
Not meaningful
32
in EUR m
ERSTEŚ
Group
-
•
Q3 19
Q2 20
Q3 20
Yoy NII slightly up as improvements across most
geographies, more than offset decline in CZ resulting from
rate cuts and CZK depreciation
Qoq increase across all geographies (except RO), mainly on
higher volumes and lower modification losses
3.46%
3.35%
3.22%
2.95%
3.39%
3.06%
•
Year-on-year segment trends:
CZ: decline in NII mainly driven by lower interest rate
environment; FX impact -EUR 8.1m
AT/OA: improvements in the corporate business of the Holding
driven by higher customer loan volumes
AT/EBOe: NII declines mainly on lower result from debt
securities
Quarter-on-quarter segment trends:
CZ: improvement in NII on modification loss booked in Q2; FX
impact: +EUR 6.4m
HU: NII increases on higher volumes and on modification loss
booked in Q2
AT/SB: improved NII across most savings banks, mainly on
higher loan volumes
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