Financial and ESG Performance Review
2023 outlook set to deliver the next stage of novobanco's development,
competing as a strong and independent domestic bank
Guidance update supported by:
NET INTEREST MARGIN ->
2023 guidance¹
> 2.20%
Assuming 2.7% DFR; 20-30% deposits beta
IDE
SOUND COMMERCIAL ACTIVITY
backed by improved customer experience,
including implementation of an
omnichannel structure on the retail side, a
sectorial approach for corporates,
enhanced clients' journey and improved
know your customer tools
and time-to-market
COST-TO-INCOME
COR (bps)
LOAN BOOK REPRICING
at current interest rate scenario
STRICT COST CONTROL
with impact from inflation mitigated by
continued implementation of efficiency
€
measures
DE-RISKING STRATEGY
with strong
coverage levels
NPL RATIO
RECURRENT PBT
CAPITAL GENERATION
CET1
FUNDING
↑ ↑ ↑ ↑ ↑
↑
< 40%
~ 50 bp
< 4.5%
> €600mm
> 2.5% of RWAS (FL basis)
Medium-term target of c. 12%
Implying €2.6bn CET 1 capital in 2023E
Organic capital generation and balance sheet optimisation expected
to satisfy MREL capital needs in 2023. New market issuance subject to
novobanco's improved credit quality being reflected in tighter credit
spreads and/or in context of optimising capital structure.
novobanco (1) Guidance and expectations are based on the assumption that there is no severe deterioration of the economic environment
35View entire presentation