Fourth-quarter Financial Highlights 2023
Supplementary information
Real estate management industry (REMI)*
Low levels of risk exposure
Strong credit quality, with 94% of IFRS 9
portfolio in stage 1
No REA impact even from 3-notch
downgrade due to risk weight floors
98%
98%
96%
96%
94%
2%
Q422
1%
2% 1%
1%
-3% Z
Q123
Q223
1%
3% Z
Q323
5% 1%
Stage 1
Stage 2
Q423
Stage 3
30
50
....
6
8
50
RW floor
50%
Q423 1-notch 2-notch 3-notch Impact
Low impairment rate and high coverage for impaired portfolio
60
55
55
51
51
•
•
61
59
57
53
52
•
Continued strong credit quality,
with slight deterioration as
expected
Only 5% of portfolio in stage 2,
with increase mainly related to
more conservative categorisation
0.6% of portfolio impaired in Q4,
with increase related to small
number of individual customers
-
Provision coverage above 50% —
high for collateralised assets
REA protected by risk weight
floors
30
* Excluding TOAS
Impairment rate
Coverage ratio
Q422
Q123
Q223
Q323
Q423
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