Q3 2020 Business Update amid Covid-19
Understanding operating trends (1) -
Low single-digit underlying net loan growth expected in 2020
.
Qoq net loan growth amounted to +0.5% in Q3 (Q2 20: +1.6%)
•
Moratoria effect (reduced redemptions): EUR +0.5bn
•
•
Impact of state-guaranteed loans: approx. EUR +0.8bn
Currency effect: EUR -0.6bn in Q3 20 (ytd - EUR -2.0bn)
Composition of net loan growth in Q3 20
(in EUR bn)
•
Real business growth: EUR +0.2bn
.
Erste Group so far supported more than 1m customers amid
evolving Covid-19 situation
•
Stable moratoria participation trends
•
State guaranteed loans continue to be an Austria feature
Volume-based active moratoria participation
as of June 30
as of Sept 30
(in % of loans to customers)
14 14
7 7
96
4 3
Data source: EBA reporting, internal reports
ERSTEŚ
Group
0.8
163.7
0.5
0.6
164.5
0.2
Q2 20
Guarantees Moratoria
FX-Effect Business
Q3 20
Active volumes subject to key Covid-19 measures
(as of 30 September, in EUR m)
Opt-out
4,724
New state guaranteed loans
67
Other forbearance measure
1,188
Opt-out
Moratoria
55
89
2,667
39 37
132 2,139
565
077
1,786
3,447
09
1,085
978
15 14
1,971
2,062
591
19.9
1,778
037
4-2
1,058
941
585
H
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