Financial and ESG Performance Review
1
Declining YTD NPL stock, benefiting from successful recovery of moratorial
clients and contained macroeconomic impacts
Non-performing Loans Evolution
(%; Єmn; Gross NPL¹)
NPL ratio & Coverage evolution1
(%; Consolidated reported figures)
NPL ratio NPL coverage
74%
71%
77%
-21%
57%
12.0%
1,749
+232
(370)
8.9%
(56)
(200)
+22
1,376
5.7%
4.3%
-€138mn
Net formation
2019
2020
2021
2022
New Entries
NPL (Єmn)
388
365
332
232
Dec-21
New
Entries
Cures &
Sales Write-offs
Recoveries (Gross)
Forecl.
& Other
Dec-22
% performing
loans²
1.7%
1.6%
1.5%
1.0%
YTD Net formation of NPL at -€138mn and recent NPL reduction benefitting from sale of portfolios,
being capital accretive and demonstrating adequacy of NPL coverage
novobanco (1) NPL as per BdP definition (see glossary - annex for further detail); (2) average performing loans
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