ESG Strategy and Digital Transformation
Asset quality- NPE analysis
(€ mn)
Dec-21
Sep-21
Jun-21
Mar-21
Dec-20
Dec-19
A. Gross Loans after Residual Fair value
adjustment on initial recognition
10,678
10,683
10,708
12,055
12,031
12,551
Residual Fair value adjustment on initial recognition
178
181
185
226
230
271
B. Gross Loans
10,856
10,864
10,893
12,281
12,261
12,822
B1. Loans with no arrears
9,4922
9,3852
9,2682
9,2302
9,149
8,820
B2. Loans with arrears but not NPES
21
31
36
39
26
122
1-30 DPD
16
23
29
27
21
88
31-90 DPD
8
7
12
5
34
B3. NPES
With no arrears
Up to 30 DPD
31-90 DPD
91-180 DPD
181-365 DPD
1,343
1,449
1,589
3,012
3,086
3,880
348
363
413
536
548
722
4
5
11
15
16
54
10
11
16
35
26
76
19
24
31
18
18
121
49
41
16
31
81
263
Over 1 year DPD
913
1,005
1,102
2,377
2,397
2,644
NPE ratio (NPES / Gross Loans)
12.4%
13.3%
14.6%
24.5%
25,2%
30.3%
Allowance for expected loan credit losses
(including residual fair value adjustment on
initial recognition¹)
792
849
947
1,869
1,902
2,096
Gross loans coverage
NPEs coverage
7%
59%
8%
9%
15%
16%
16%
59%
60%
62%
62%
54%
1)
2)
Comprise (i) loan credit losses for impairment of customer loans and advances, (ii) the residual fair value adjustment on initial recognition of loans acquired from Laiki Bank and on loans classified at FVPL, and (iii) loan credit losses on off-balance sheet exposures disclosed on the
balance sheet within other liabilities
Includes c.€138 mn loans with "non-material" arrears as at 31 Dec 2021 which are calculated based on the new EBA regulation on Definition of Default implemented as of 1 Jan 2021, affecting the calculation of Days-Past-Due. Non material arrears amounted to c.€171 mn as at 31
March 2021, c.€143 mn as at 30 June 2021 and €139 mn as at 30 Sep 2021
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