Investor Presentaiton
Operating trends: NII and NIM
-
NII growth accelerates on rising rates and volume growth
Group
•
Q4 20
Q3 21
Q4 21
⚫ NII up yoy on solid volume growth and improved rate
environment, primarily in CZ
Qoq increase due to higher CZ interest rates,
continued volume growth
1,186
1.221
2.05%
1.98%
1,306
2.08%
156
1.44%
AT/EBO e
160
1.40%
164
1.42%
268
1.66%
AT/SB
271
1.61%
272
1.60%
110
1.16%
AT/OA
103
1.05%
119
1.21%
261
1.86%
CZ
286
1.78%
329
2.05%
107
3.09%
RO
107
2.98%
111
110
SK
106
107
HF
HU
519
57
72
2.99%
2.35%
2.25%
2.21%
2.57%
2.70%
64
HR
16
RS 19
19
666
68
68
67
∞ ∞ 7
Other 29
2.78%
2.66%
2.90%
3.32%
3.19%
32
965
34
Not meaningful
54
in EUR m
ERSTEŚ
Group
2.42%
2.91%
Year-on-year segment trends:
•
•
CZ: volume growth and rate hikes push NII up
Other: better ALM contribution, complemented by
intercompany effects (no impact on bottom line)
Quarter-on-quarter segment trends:
AT/OA: across-the-board better contributions from
Corporates and Group Markets segments
HU: decline due to one-off effects (mortgage interest cap:
EUR 3.0m, rate cap for moratoria-related credit card debt
and overdrafts: EUR 9.8m)
CZ: see yoy development
Other: see yoy development
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