Competing as a Strong and Independent Portuguese Bank
2
Fees grew 3.8% YoY, driven by economic recovery and increased
transactionality
Fees: Quarterly Evolution
(Єmn)
Fees: evolution per type
(€mn)
+3.8%
207.9
215.7
9.1
2021
62.8
Advising,
11.1
1Q
+9.6%
Servicing & Other
49.2
-1.6%
2022
68.8
50.0
Asset Management
& Bancassurance
2021
72.8
63.7
+1.8%
2Q
+3.9%
2022
75.6
On Loans,
Guarantees & similar
62.5
2021
72.3
3Q
-1.4%
2022
71.3
Accounts and
payments
93.8
84.3
+11.2%
9M21
9M22
• Asset management & bancassurance
fees (-€0.8mn; -1.6% YoY): reflecting
higher fees in mutual funds, offset by lower
fees in real estate funds given continued
deleverage.
• Commissions on Loans, Guarantees
and similar (+€1.1mn; +1.8% YoY):
reflecting volume of guarantees and loans.
• Accounts and Payments (+€9.5mn;
+11.2%) due to a higher volume of
transactions and new pricing implemented
in March for customer accounts.
novobanco
Higher volume of transactions and new business are expected to drive fee income expansion.
28
28View entire presentation