Financial Analysis and Currency Deposits
Stage 2 exposures well collateralised with low migration history
€ mn
2,078
Trade
191
2.4%
Limited historic migration of Stage 2 to Stage 3
Real estate
242
2.7%
2.4%
Other
243
2.8%
2.0%
•
Strong performance of Stage 2 exposures; 99%
present no arrears
Only 2% of stage 2 loans migrated to Stage 3 p.a.
in the last two years
96% of stage 2 loans are collateralised
Construction
326
1.6%
Hotel & catering
508
1.7%
•
Low LTV1 portfolio
0.9%
0.3%
FY2020
FY2021 1Q2022
2Q2022
Private individuals
568
3.3%
Migraton to Stage 3 as a % of Stage 2 loans
Jun 22
pro forma for HFS
Provision coverage
81% with LTV1 < 100%
(of which 74% with LTV1 <75%)
19% with LTV1 >100%; 97% of these present no
arrears and 99% < 30 dpd
Prudent management of credit risk; €0.5 bn of Stage
2 exposures has been classified as Stage 2 due to an
overlay applied (staging overlay)
€677 mn of stage 2 loans were restructured after
exiting the moratorium schedule; 77% are expected to
be eligible transfer to Stage 1 in 2023
LTV1
0-75%
75%-100%
>100%
Days past due
0 dpd
1-30 dpd
>30 dpd
Private Individuals
Business
70%
10%
20%
75%
7%
18%
Private Individuals
Business
98%
99%
1%
1%
0%
1%
1)
Loan to Value (LTV) is calculated as the Gross IFRS Balance to the indexed market value of the property. Under Pillar 3 disclosures LTV is calculated as the Gross IFRS Balance to the indexed market value of collateral. Collateral takes into consideration the mortgage
amount registered in the land registry plus legal interest from registration date to the reference date
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