Financial Analysis and Currency Deposits
Net interest income positively geared to higher interest rates
NII sensitivity to parallel shift in interest rates (annualised), over and
above uplift potential of c.€100-€120 mn
Key simplifying assumptions
Y1
+50bps
+100bps
EUR
€55 mn
€101 mn
•
USD
€1 mn 1
€2 mn
Total
€56 mn
€103 mn
160 bps parallel shift in USD interest rates
•
•
•
•
An instantaneous and sustained parallel movement in EUR and USD interest
rates
Static balance sheet in size and composition
Assets and liabilities whose pricing is mechanically linked to market / central
bank rates assumed to reprice accordingly
Certain other assumptions including pass-throughs to assets and liabilities
This sensitivity is not a forecast of interest rate expectations, and the Bank's
pricing decisions in the event of an interest rate change may differ from the
assumptions underlying this sensitivity. Accordingly, in the event of an
interest rate change the actual impact on Group NII may differ from that
presented in this analysis
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