Investor Presentaiton
NPE ratio down to 13% by end of 2021, outperforming BP target of 18%
NPE ratio (Group)¹
43%
26%
NPL ratio (Group)¹
30%
17%
Group NPES, €bn
20.9
11.4
~13%
~
-8%
~2%
~2%
Significant
improvement in the
actual NPE ratio delivered
(3.5) (1.3)
0.6
5.0
2.9
(2.2)
(0.4)
(0.7)
(0.9)
1.1
Dec-20 Jun-21 Cosmos Orbit
Sky
post
Galaxy
2021 2021E Solar Other 2022
organic
formation
2022E
2024E
organic
formation
Cost of risk (bps) 2
180bps 87bps
~120bps
1| Basis for ratio includes senior notes of the securitization; 2| Over net loans; Underlying CoR for 2020 and 2021, not including transaction costs and Covid-19 related charges;
Higher NPE cash
coverage which
increased by ~10pps yoy
Group, NPE coverage (%)
47%
44%
54%
Jun-20 Dec-20 Jun-21
~60bps
Robust capital position
post completion of Share
Capital Increase with
Total Capital Ratio at
17.4%
17
ALPHA
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