Q3 2020 Business Update amid Covid-19
Executive summary
-
Group balance sheet performance
.
.
YTD total asset reconciliation (EUR m)
+10.7%
17,155
245,693
271,983
37.
-94
2,618 4,245
2,216
31/12/19 Cash Trading,
financial
Loans to Net loans Intangibles Miscella- 30/09/20
banks
assets
neous
assets
Total assets up by 10.7%, mainly driven by a substantial increase
in cash (+160.4%); net loans to customers increased by 2.6%
Increase in cash attributable to AT (liquidity placed at central
banks) mainly driven by TLTRO and to CZ (rise in cash position
mirrors development in interbank and customer deposits)
ERSTEŚ
Group
YTD equity & total liability reconciliation (EUR m)
13,293
245,693
-=424-
+10.7%
271,983
961
=696-
1,325
10,983
31/12/19 Trading Bank Customer Debt Miscellaneous Equity 30/09/20
liabilities deposits deposits * securities liabilities
•
Total liability growth driven by a continuation of rising bank
deposits (+101.2%) and customer deposits (+6.3%)
Growing customer deposits result in a loan/deposit ratio of 89.0%
(YE19: 92.2%)
Increase in equity attributable to the issuance of AT1 instruments
(+EUR 497m) in Q1 20 and an increase in retained earnings
(+EUR 341m) in Q3 20
* excl. lease liabilities as of 2020
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