Financial Analysis and Currency Deposits
1H2022 Key messages
€1.2 bn
Strong New Lending
Building net performing loan book¹ at
€9.7 bn, up 4% in 1H2022
€33 mn
Recurring Net insurance Income
Up 6% yoy
Insurance a key component of income growth
43 bps
Normalising COR
In line with medium-term target of 40-50 bps
€59 mn
Healthy Profit after tax and before
non-recurring items
Underlying ROTE of 7.3% converging
to ROTE>10%
14.2%*
Robust CET1 ratio
Absorbing fully the cost of Voluntary Staff Exit
Plan (VEP)
€37 mn
Annual saving in staff costs post
successful July VEP
16% reduction in workforce achieved ahead of
schedule
€154 mn
Non-NII
Trends in line
representing 51% of total income
5.7%
2
Mid-Single-digit NPE ratio
On track to achieve c.5% by end of 2022
399k
Active Digital users
Up 8% ytd
3
344k active mobile banking users, up 8% ytd
Non-legacy loan book which includes Corporate, Large and International corporate, International business unit, Wealth and Markets, SME and Retail
Pro forma for HFS
3)
7234
2)
Active users of mobile and internet banking
4)
Pro forma for HFS and Voluntary Staff Exit Plan
100
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