Competing as a Strong and Independent Portuguese Bank
Continuous improvement of underlying performance,
further confirming the sustainability of its trajectory
Theme 1: 9M 2022 Results
NII (Єmn) and NIM (%) evolution
Cost of Risk (annualised; %)
Normalized CoR
1.79%
Assets 1.52%
1.57%
1.49%
1.53%
0.68%
0.61%
0.60%
NPL ratio and Coverage (%)
Covid-related CoR
NPL entries; % of performing loans
78%
82%
71%
71%
73%
77%
NIM
7.3% 7.3%
1.32%
1.31%
1.36%
1.35%
5.7% 5.7%
0.23%
0.20%
5.4% 5.0%
1.18%
0.15%
0.40% 0.40%
0.31%
2021: 1.5%
0.6%
0.47%
0.37%
0.20% 0.18%
0.22%
1H21 9M21 2021 1Q22 1H22 9M22
2Q21 3Q21 4Q21 1Q22 2Q22 3Q22
Liabilities
Commercial Bl per avg. Employee (€ k; #)
Underlying Profitability (€mn; pre-tax)
Jan Feb Mar Apr May Jun
Jul Aug Sep
Employees
ROTE (cumulative annualised; 12% RWA)
4 470 4 362 4 193
4 182 4 167
4 139
Commercial 209 216 213 218
202 210 209 217
12.4%
BI
11.0%
10.2%
63
73
72 75
Fees
69
76
71
71
47.9
48.3
50.9
48.3
50.3
50.4
8.7%
8.8%
8.2%
107.1
145
85.1
76.5
75.1
NII
INY
146
144
141 143 134 134 138
68.6
59.7
1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 3Q22
novobanco
Pro-forma
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
2Q21
3Q21 4Q21 1Q22 2Q22 3Q22
+8% QoQ
ex-TLTRO
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