Investor Presentaiton
We are well on track to achieve our business plan ambitions
H1 2023 Performance
Profitability
·
+4% q/q net interest income
.
+10% q/q fees
.
•
44.2% cost-income ratio, -15pp H1/H1
76bp cost of risk
Balance sheet
+3% y/y performing loans
+7% y/y deposits
176% LCR
Capital
.
+144bp CET1% ytd
•
+280bp CAD% ytd
+355bp MREL% ytd
Return on Tangible Equity1
12.2% in H1 2023; 13.2% in Q2
EPS2
€0.15 H1 2023, +75% vs H1 2022
Total CET1 Generated €0.4bn in H1 2023
€1bn of total regulatory capital equivalent
✓ Dividend payment
15bp³ accrual in H1 2023
✓ Tangible Equity
€6.1bn in H1 2023, +€0.3bn ytd
ト
Key financial targets
Return on Tangible Equity¹
>12% in 2025
EPS² growth
>20% CAGR 2022 – 2025
Total CET1 Generated €2.3bn
cumulative 2023 - 2025
✓ Dividend payment
resumption from 2023 profits³
✓ Tangible Equity
> €7bn in 2025
1| Based on normalized profit after tax over average Tangible Equity; Calculated after deduction of AT1 coupon payments; Adjusted excluding capital above management target, 2| Earnings per share; 2023 - 2025 figures are
calculated after deduction of AT1 coupon payments; Based on normalized profit after tax, 3| Subject to regulatory approval and the fulfilment of business plan targets
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ALPHA
SERVICES AND HOLDINGSView entire presentation