Competing as a Strong and Independent Portuguese Bank
Declining YTD NPL stock, benefiting from successful recovery of
moratoria clients and contained macroeconomic impacts
Non-performing Loans Evolution
(%; Єmn; Gross NPL¹)
-27%
NPL ratio & Coverage evolution1
(%; Consolidated reported figures)
NPL ratio NPL coverage
82%
74%
71%
77%
56%
2,195
11.8%
+148
1,749
(257)
8.9%
7.2%
+34
1,605
5.7%
5.0%
(22) (48)
-€109mn
Net formation
2019
2020
Sep-21
2021
Sep-22
New Entries
NPL (Єmn)
388
365
108
332
148
Sep-21
Dec-21
New Cures & Sales Write-offs
Entries Recoveries (Gross)
Forecl.
Sep-22
& Other
% performing
loans²
1.8%
1.5%
0.5%
1.4%
0.6%
YTD Net formation of NPL at -€109mn and recent NPL reduction benefitting from sale of portfolios,
being capital accretive and demonstrating adequacy of NPL coverage
novobanco (1) NPL as per BdP definition (see glossary - annex for further detail); (2) average performing loans
31View entire presentation