Competing as a Strong and Independent Portuguese Bank
2
Decreasing RE exposure to €714mn (-17%; due to portfolio sales),
with TOP 20 assets representing 62% of the portfolio
Evolution of Real Estate Exposure
(€mn NBV)
% Total
Assets
1.9%
1.8%
1.5%
-17%
RE: Coverage by Asset Type
(Sep-22 Pro-forma; €bn;%)
Coverage
47%
Ratio
(%)
54%
44%
24%
RE: breakdown
(€million;%)
Foreclosed
REO (net)
855
GBV
0.74
824
714
681
224
170
139
Investment
Impairment 0.40
0.42
properties &
681
-70
-60
-300
Top 5 high quality
assets represent
more than 80% of
Historical sale
premiums
(vs NBV):
2020: 27%
2021: 21%
2022 (YTD): 32%
Historical Yield of
maintained portfolio
2020: 5.1%
2021: 5.9%
0.18
this bucket
Other 631
654
575
0.14
~170
2022 (YTD): 8.1%
~80
NBV 0.35
0.24
Sep-21 Dec-21
Sep-22
Sep-22
Pro-forma
ex-logistics w/SPA
Land
0.10
Commercial Residential
& Other
Sep-22
Pro-forma
Sold/ Sales
under 4Q22
SPA Exp.
High
quality
plots
Granular Yielding
portfolio assets to be
maintained
novobanco
Coverage is supported by a robust appraisal policy, individual asset reviews,
market pricing (bids received) and yield performance.
38View entire presentation