Investor Presentaiton
Funding cost remains at all time lows aided by systemic liquidity abundance and ECB's monetary policy
NATIONAL BANK
OF GREECE
Eurosystem funding (€ b)
ECB
2.2
2.2
4Q18
4Q19
NBG Funding Cost (bps)
LCR: 259%
Repo funding -€3.0b
19
12
7
1
2
1
0
-2
-2
Blended
11.6
11.6
10.5
-50
-67
-67
-65
-65
-64
-64
-64
-64
ECB¹
4Q20
4Q21
2Q22
MREL targets and resources² | % RWAS
2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22
Funding structure (%)
2%
19.1%
1%
18.0%
2.0%
Senior preferred &
other senior liabilities
CBR
3.3%
■Current,sight & other
Deposits
■Time Deposits
18%
■ ECB funding
c€66b
11%
Interim
MREL
target
17.1%
NBG own
funds
14.8%
■Interbank funding
Long term wholesale
Debt
Interim MREL target
(01.01.22)
MREL resources
(2Q22)
Of which
Senior debt €0.5b
Tier II €0.4b
1 TLTRO CoF reflects the funding cost of the facility over its life | 2. Including profit for the period, excluding impact from EVO Payments merchant acquiring. Other MREL eligible senior liabilities subject to SRB approval
National Bank of Greece 2Q22 results
Financial Results
Deposits of
> €54b comprise
over 82% of total
funding
69%
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