Financial Analysis and Currency Deposits
1)
€74 mn net organic NPE reduction in 2Q2022
Net organic
outflows (€ mn)
-112
-131
-98
-96
-74
Inflows (€ mn)
19
17
14
5
New inflows
11
1!
6
13
7
Redefaults
7
13
5
Unlikely to pay
2
7
=1
2Q2021
3Q2021
4Q2021
1Q2022
2Q2022
Outflows (mn)
Curing of restructuring
-17
-13
-11
-34
-36
-2
-12
DFAS & DFES
ఉ
-71
-75
-70
Write-offs
-80
-90
-12
-22
-93
-103
-112
Other 1
-10'
-13
Sales of NPES
568
Helix 3
-1,305
-710
-1,434
Other includes interest, cash collections and changes in balances
•
•
•
•
•
€93 mn organic NPE outflows in 2Q2022,
leading to €74 mn net organic NPE reduction
Additional €5 mn net NPE reduction in 2Q2022
relating to NPE sales lockbox (1Q2022: Nil)
€16 mn NPE inflows in 2Q2022 relate to loans
that were under expired payment deferral
€13 mn of UTP NPE inflows mainly impacted by
a specific customer in tourism sector under the
expired payment deferral
Helix 3 of c.€0.6 bn expected to be completed in
2H2022
Strong track record in dealing with restructurings
•
Project Sinope was completed in August 2022
(c.€12 mn)
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