Financial and ESG Performance Review
1
~73% of Stage 3 with overdue lower than 1 year and recent sales showing
that exposures are provisioned in line with market value
Total Stage 3 Loans
(Dec-22 Pro-forma1; %)
53%
Non-
CCA
28%
Granular
Granular
(Dec-22 Pro-forma¹; %)
Recent granular portfolio sales Price as % NBV
Overdue Vintage (years)
Secured
> 2
> 2
[1; 2[
Not
Overdue
5%
12%
Not
Overdue
100%
20%
[1;2[
15%
7%
32%
Secured
Unsecured
Unsecured
27%
73%
72%
Harvey
47%
Single
CCA
CCA
Names
9%
36%
GBV
NBV
% Coverage
55%
Ratio²
60%
49%
<1
< 1
Harvey portfolio was signed
in 2022 at premium to book
value, reinforcing that Stage
3 exposures are provisioned
in accordance with market
55% Non-CCA expectations.
106%
Portfolio 1
Portfolio 2
135%
Portfolio 3
Signed perimeters which included NPLs with older
vintages, show that Stage 3 exposures are provisioned
in line with market value
Single Names
(Dec-22 Pro-forma¹; %)
Overdue Vintage (years)
> 2
[1; 2[
9%
<1
14%
Non-CCA
Not
Overdue
76%
novobanco (1) Analysis excludes a granular portfolio under a SPA; (2) Specific impairments and backstop;
> 2
27%
CCA
36%
Not
Overdue
12%
25%
< 1
[1; 2[
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