Investor Presentaiton
Operating trends: risk costs (abs/rel*) -
Benign risk environment throughout 2021 - risk costs of 9 bps
Group
-31
CZ
•
•
Q4 20
Q3 21
Q4 21
Steep decline of yoy risk costs attributable to few
defaults, absence of special UTP assessment and
updated management overlays (Covid heatmap)
Qoq increase due to new defaults, method effects,
while overall risk environment remained favourable
Year-on-year segment trends:
.
70425
1.00%
-0.07%
107
0.24%
39
0.44%
AT/EBO e
0.03%
14
0.15%
102
0.80%
AT/SB
-37
-0.28%
28
0.21%
50
1.24%
AT/OA
15
0.36%
-17
-0.40%
123
1.68%
19
0.23%
18
0.21%
50
2.18%
-0.06%
32
1.28%
21
0.56%
SK
-28
-0.71%
3
0.07%
19
1.72%
HU
3
0.24%
10
0.90%
30
1.58%
-0.24%
22
1.14%
•
1.58%
0.76%
0.29%
Not meaningful
in EUR m
RO
HG
HR
RS
Other
-16
2
5
7
3
1
Generally lower risk costs on better macro, few defaults,
absence of special UTP assessment apart from HU
Quarter-on-quarter segment trends:
•
AT/OA: large single recoveries in CRE and LC; method
effects (PD updates) weighing on Q3 21
AT/SB: in Q3 21 method effects (macro update, lifetime
PDs) had positive impact, in Q4 21 method effects had
negative impact, resulting is significant swing
RO: retail and corporate PD updates drive higher charge
SK: previous quarter benefitted from single case release
HR: higher charge due to parameter updates and stage
migrations (S1/S2)
*) A positive (absolute) figure denotes risk costs, a negative figure denotes net releases.
Relative risk costs are calculated as annualised quarterly impairment result of financial
instruments over average gross customer loans.
ERSTE
Group
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