Financial and ESG Performance Review
5
Capital increasing by 110bps in the quarter (+290bps YTD), driven by
capital-accretive business model...
Total Capital: Ratio Evolution
(phased-in¹; bps)
12.2% Fully Loaded
13.1%
-0.34%
Total
Capital
Dec-21
+0.20%
+0.30%
+0.61%
+0.52%
14.9%
+0.36%
+0.28%
+0.96%
Including lower RWA
driven by improving
PDs following exit of
loans from
moratoriums in 2021
15.5% Fully Loaded
16.0%
>15%
IFRS 9
9M
Results²
Sale of
logistics
REO
Sale
of HQ
building &
Other
effects
Total
Capital
Sep-22
4Q
Underlying
profitability2
Restructuring
Funds
Other
effects³
Total
Capital
Target
Dec-22
REO
...which, combined with the execution of a de-risking strategy, ensured a buffer above the target
and is set to produce strong capital generation.
novobanco
(1) Phased-in ratios; The inclusion of positive results depends on an authorization from the ECB; (2) Excludes Markets Results, which is classified in Other effects; (3) Includes RWA optimization
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