Financial and ESG Performance Review
New rates environment supporting further growth in NIM
ECB Deposit Facility (%)
Net Interest Margin (%)
2.50
2.70
2.00
New rates
environment to
1.50
0.75
support NIM
(0.50)
expansion
1.5
2.0
>2.2
Jun-22 Jul-22 Sep-22 Oct-22 Dec-22 Feb-23 Avg. 2023
Targets
assumption
FY 2022
Q4 2022
2023 Target
Net floating assets of ~€18.5bn
(1)
€27.6bn
Sticky deposit base with 67% sight deposits (€bn)
Bank maintains
positive
momentum to
further improve NII
Highly rates sensitive
balance sheet
(2)
€18.5bn
€9.1bn
Floating assets
Floating liabilities
(excluding deposits)
Net floating assets
o.w. €6.0bn cash and €21.6bn floating loans
and securities post hedges
(Euribor: 21% 1M, 18% 3M, 34% 6M, 27% 12M)
novobanco
Term
Deposits
9.4
33%
€28.4bn
19.1
67%
Demand
Deposits
Note: Based on management data on a 31 December 2022 static balance sheet; (1) Floating rate assets include assets which are expected to reprice in the next 12 months, net of hedges; (2) Floating
rate liabilities include liabilities which are expected to reprice in the next 12 months, excluding customer deposits
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