Financial and ESG Performance Review
Fees grew 3.8% YoY, driven by economic recovery and increased
2 transactionality
Fees: Quarterly Evolution
(Єmn)
Fees: evolution per type
(€mn)
+3.8%
293.3
282.5
2021
62.8
1Q
+9.6%
2022
68.8
Advising,
Servicing & Other 14.8
13.5
66.1 -2.8%
2021
72.8
2Q
+3.9%
Asset Management
& Bancassurance
68.0
2022
75.6
2021
72.3
On Loans,
Guarantees & similar
86.6 +1.3%
85.5
3Q
-1.4%
2022
71.3
2021
74.6
Accounts and
payments
114.2
127.2 +11.3%
4Q
+4.0%
2022
77.6
2021
2022
.
• Asset management & bancassurance
fees (€1.9mn; -2.8% YoY): from lower
management fees due to market conditions
during 2022.
• Commissions on Loans, Guarantees
and similar (+€1.1mn; +1.3% YoY): on
stable volume of guarantees and loans.
• Accounts and Payments (+€12.9mn;
+11.3%) due to a higher volume of
transactions and new pricing implemented
in 1Q22 for customer accounts.
novobanco
Higher volume of transactions and new business are expected to drive fee income expansion.
14View entire presentation