Investor Presentaiton
-
Wholesale funding and capital: debt vs interbank funding
Stable wholesale funding reliance, as customer deposits grow strongly
Debt securities issued
in EUR bn
Interbank deposits
-4.1%
33.5
32.1
Sub debt
30.7
4.9
Senior non-preferred bonds
5.4
5.4
[1.4]
Senior unsec. bonds
-9.9%
35.4
3.2
31.9
1.8
1.5
0.7
Certificates of deposit
24.8
11.9
Other CDs, name cert's
2.1
9.5
12.2
Mortgage CBs
1.0
-0.5
Public sector CBs
29.8
31
20
3.2
1.0
29.2
1.3
Other
-1.0
21.7
12.8
11.0
10.6
0.2
0.0
0.0
=0.5
31/12/20
0.2
30/09/21
0.2
31/12/21
•
•
Increased MREL-related issuance leads to rise in stock of
senior unsecured bonds
Temporary increase in CDs reverses towards year-end
High liquidity (attributable to substantial deposit inflow and
TLTRO III) results in decline in covered bonds issuances
ERSTEŚ
Group
•
0.9
31/12/20
2.3
30/09/21
1.0
31/12/21
in EUR bn
Overnight deposits
Term deposits
Repurchase agreements
Significant yoy increase in interbank deposits predominantly
driven by increased TLTRO III balance, balance sheet
management
Page 29View entire presentation