2nd Quarter and 1st Half 2022 Results
RUSSIAN OFF-SHORE CREDIT EXPOSURE
Portfolio managed in run-off mode since end February
Residual exposure mainly composed of secured structured transactions
Reduced EAD at EUR 2.6bn as of
30 June 2022
_Evolution of exposure at default (EURbn)
-19%
_Exposure at default by sectors at 30 June 22
Others
(i.e. EUR 1.9bn of RWA)
3.2
2.8
2.6
Repayment flows consistent with
contractual amortisation terms
30-Dec-21
31-Mar-22
30-Jun-22
Transport &
logistics
14%
Metals & Mining
29%
6%
EUR 2.6bn
19%
Oil & Gaz
15%
17%
Chemicals
Metallurgy and
steel industry
Best estimate to date of the net Exposure at Risk < EUR 1bn (1)
Total provisions on offshore exposure at EUR 377m as of 30 June 22
o/w EUR 139m cost of risk in Q2 22
Residual EAD to Rosbank of ~EUR 0.5bn
. Mainly letters of credit and performance guarantees
_Corporate gross exposure by type at 30 June 22
Term Loan
22%
25%
ECA-backed
Trade finance
7%
(1) Excluding replacement risk and before provisions
SOCIETE
GENERALE
46%
Pre-export Finance
2ND QUARTER AND 1ST HALF 2022 RESULTS 13 AUGUST 2022
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