Financial Analysis and Currency Deposits
Gross loans and coverage by IFRS 9 staging
Gross loans by IFRS 9 stage (€ mn)
Allowance for expected loan
credit losses (€ mn)
Coverage ratio
10,856
10,964
11,047
10,477
Dec 21
Mar 22
Jun 22
Stage 1
7,529
7,753
7,799
Jun 22
pro forma
792
7,799
74%
734
for HFS
84
677
54
85
52
83
51
Stage 1
1.1%
1.1%
1.1%
1.1%
355
Stage 2
1,984
1,964
2,080
20%
654
597
Stage 2
2.7%
2.7%
2.5%
2.4%
543
83
2,078
51
Stage 3
1,343
1,247
1,168
6%
221
Stage 3
48.7%
47.8%
46.5%
36.9%
600
Dec 21
Mar 22
Jun 22
Jun 22
Dec 21
Mar 22
Jun 22
pro forma
% of gross loans
for HFS
Jun 22
pro forma
for HFS
.
Coverage for stage 3 loans at 36.9% pro forma for HFS
• Transfers of €198 mn loans from Stage 2 to Stage 1, due to improved performance and updated financial
information
•⚫ Transfer of €339 mn of loans from Stage 1 to Stage 2, mainly due to management overlays on sectors that are
expected to be impacted by the prolonged geopolitical uncertainty and the persistent inflationary pressures as a
result of soaring energy prices
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