Financial Analysis and Currency Deposits
NPE ratio reduced to 5.7%; Coverage at 59%
NPE reduced to €0.6 bn in 2Q2022
(€ bn)
3.1
•
Helix 3 (€0.6 bn)
• Sinope (c.€12 mn)
• Organic reduction (€170 mn)
Residual NPEs comprises mainly Retail
-55%
1.3
1.2
1.2
0.6
1.2
0.6
0.5
0.5
0.2
Dec 20
Dec 21
Mar 22
Jun 22
Jun 22
pro forma
for HFS3
Allowance for Expected Loan Credit Losses
Net NPES
NPE ratio reduced to 5.7%; 2.4% on a net basis
25.2%
0.60
0.13
0.26
0.06
0.15
Jun 22
3
pro forma for HFS³
Re-performing NPEs
Retail
SME
Corporate
Pro forma for HFS, NPE coverage at 59%
131%
128%
128%
128%
130%
11.4%
12.4%
11.4%
10.6%
5.7%
c. 5.0%
62%
59%
59%
58%
5.5%
5.0%
4.7%
69%
69%
69%
70%
71%
59%
Re-performing
NPES¹
32%
Core NPES
66%
59%
2.4%
Dec 20
Dec 21
Mar 22
Jun 22
Jun 22 pro
forma for HFS
Dec 22
Dec 20
Dec 21
Mar 22
Jun 22
3
Jun 22
pro forma
for HFS 3
Jun 22
pro forma
for HFS³
Gross NPE ratio
Net NPE ratio
2)
3)
723
1)
In pipeline to exit NPEs subject to meet all exit criteria; the analysis is performed on a customer basis
Restricted to Gross IFRS balance
Held for sale refer to Project Helix 3 and Project Sinope
Tangible collateral²
Allowance for expected loan credit losses
29View entire presentation