1H22 Financial Performance
Compliant with MREL binding target as of January 1st 2022 and to
continue to build MREL going forward
MREL requirements:
(BdP notification of May 2022; %)
MREL ratio
(%RWA; Preliminary)
19.3%
18.0%
Jan-22
Jan-26
0.9%
TREA¹
14.64%
Combined Buffer
2.52%
23.16%
n.a.³
Other eligible ≥ 1 year
0.8%
4.5%
Senior Unsecured ≥ 1 year
4.1%
2.2%
Own Funds - Tier 2
2.0%
Total
17.16%
23.16% + CBR
O-SII (LSF Nani)
0.50%²
Own Funds - Tier 1
Total + O-SII
17.66%
11.1%
11.7%
23.16% + CBR
LRE4
5.91%
5.91%
Dec-21
Jun-22
RWA
24.9bn
23.0bn
Organic capital generation and acceleration of balance sheet deleverage to contribute positively to MREL evolution.
novobanco
(1) TREA - Total Risk Exposure Amount; (2) O-SII defined at LSF Nani Investments; as communicated by Banco de Portugal on its website on 30 Nov 2021, the O-SII increased from 0.375% to
0.5%; (3) As of Jan-26 applicable combined buffer requirement; (4) LRE - Total Leverage Exposure
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