1H22 Financial Performance
1
Stable YTD NPL stock, benefiting from successful recovery of
moratoria clients and contained macroeconomic impacts
Non-performing Loans Evolution
(%; Єmn; Gross NPL¹)
-23%
NPL ratio & Coverage evolution1
(%; Consolidated reported figures)
NPL ratio NPL coverage
74%
78%
71%
73%
56%
2 209
11.8%
1 749 +116
8.9%
+25
1,695
7.3%
5.7%
5.4%
(152) (13) (30)
-€36mn
Net formation
2019
2020
Jun-21
2021
Jun-22
New Entries
NPL (Єmn)
388
365
87
332
116
Jun-21 Dec-21
New Cures & Sales
Entries Recoveries (Gross)
Write-offs
Forecl.
& Other
Jun-22
% performing
loans
1.8%
1.5%
0.4%
1.5%
0.5%
YTD Net formation of NPL at -€36mn 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);
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