Financial and ESG Performance Review
2
Decreasing RE exposure to €614mn (-25%; backed by portfolio sales),
with TOP 20 assets representing 66% of the portfolio
Evolution of Real Estate Exposure
(€mn NBV)
% Total
Assets
RE: Coverage by Asset Type
(Dec-22 Pro-forma; €bn;%)
1.8%
2.0%
1.3%
Coverage
48%
Ratio
(%) 56%
44%
22%
-25%
GBV
0.67
RE: breakdown
(Єmillion;%)
Historical yield of
maintained portfolio:
2020: 5.1%
2021: 5.9%
2022: 7.3%
614
-60
Historical sale
premiums
(vs NBV):
~110
~250
2020: 27%
2021: 21%
2022: 32%
Top 5 high quality
assets represent
I more than 90% of
this bucket (see
annex)
~50
~140
909
Foreclosed
824
REO (net)
168
170
614
Impairment 0.37
0.42
108
Investment
0.18
properties
654
741
& Other
506
0.10
NBV
0.30
0.24
0.08
Dec-21
Jun-22
Dec-22
Land
Commercial Residential
& Other
Dec-22
Under CRE
SPA
High
novobanco
Coverage is supported by a robust appraisal policy, individual asset reviews,
market pricing (bids received) and yield performance.
Other Granular
quality single portfolio
plots names
25
25View entire presentation