1H22 Financial Performance
Continuous reduction of foreclosed assets and NPL, benefiting from
2
sale of portfolios
Foreclosed REO Assets
(€mn)
Coverage
51.4%
51.7%
51.8%
Ratio
-28%
NPL + Foreclosed REO Assets
(€mn;%)
Coverage
Ratio
73.7%
68.1%
69.4%
Gross
2,688
2,100
2,044
Gross
485
351
349
1,981
Net
1,430
1,419
Net
236
170
168
Jun-21
Dec-21
Jun-22
Jun-21
Dec-21
Jun-22
Gross Ratio¹
10.6%
8.3%
7.9%
Net Ratio²
Net/Total Assets 1
2.8%
2.7%
2.4%
1.5%
1.5%
1.4%
novobanco (1) Calculated as (NPL + foreclosed REO assets) / (Gross loans + foreclosed REO assets); (2) Calculated as (NPL + foreclosed REO assets - Total provisions for credit - Total provisions for foreclosed
REO assets)/(Gross loans + foreclosed REO assets); (3) Calculated as (NPL + foreclosed REO assets - Total provisions for credit - Total provisions for foreclosed REO assets) / (Total Assets);
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