Financial and ESG Performance Review
... reaching RoTE of 14.4%, a further confirmation of the sustainability of
novobanco trajectory
From Profit Before Tax to Recurrent Profitability
(2022; €mn)
Recurrent Profitability (Єmn; pre-tax)
+168%
YOY
14.4%
ROTE¹
14.4%
12.4%
11.0%
566.8
(34.1)
10.2%
(18.9)
(77.1)
8.7%
8.8%
8.2%
139.4
(67.0)
+42.7
(5.6)
406.7
7.6%
========
107.1
85.1
77.9
76.5
75.1
68.6
59.7
Income
Before
Tax
Special
Tax on
Banks
Market
Results²
Gain from the
sale of:
Non-recurring Provisions³ Recurrent
Operating (Other net Profitability
costs contingencies) (pre-tax)
RE portfolio
(Logistics)
Head
Office
novobanco
1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22
ROTE (YTD annualised; 12% RWA)
(1) Tangible Equity = average phased-in RWA x 12%; Annualized; Considers Underlying profitability pre-tax deducted by special tax on banks (€34mn on annual basis) and contributions to
Resolution Funds (€40.9mn on annual basis); (2) Excludes dividends from strategic holdings; (3) Includes a provision for the taxation of real-estate of €57mn
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