1H22 Financial Performance
2
Fees grew 6.5% YoY, driven by economic recovery and performance
of asset management & bancassurance business
Fees: Quarterly Evolution
(Єmn)
Fees: evolution per type
(Єmn)
+6.5%
144.4
135.5
2020
65.1
3Q
+11%
2021
72.3
Advising,
Servicing & Other
8.1
7.7
33.2
2020
75.4
4Q
-1%
Asset Management
& Bancassurance
30.8
+7.7%
2021
74.6
On Loans,
Guarantees & similar
42.5
42.7
-0.4%
2021
62.8
1Q
+10%
2022
68.8
2021
72.8
Payments
Management
60.6
54.3
+11.6%
2Q
+4%
2022
75.6
1H21
1H22
• Asset management & bancassurance
fees (+€2.4mn; +7.7% YoY): reflecting a
more robust commercial activity and
performance of Asset Management &
Bancassurance segment;
• Commissions on Loans, Guarantees
and similar (-€0.2mn; -0.4% YoY):
reflecting volume of guarantees;
• Payments management (+€6.3mn; +12%)
due to a higher volume of transactions and
new pricing implemented in March for
customer accounts.
The recovery of economic activity, more transactions, and new business are expected to drive fee income expansion.
novobanco
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