ESG Strategy and Digital Transformation
1)
2)
75% NPE reduction in FY2021 reducing the NPE ratio to 7.5%
€2.3 bn NPE reduction in 2021
Helix 3 (€0.6 bn)
Helix 2 (€1.3 bn)
Residual NPEs comprises mainly Retail
(€ bn)
3.9
• Organic reduction (€0.4 bn)
-75%
3.1
3.0
1.4
1.3
0.8
1.8
1.2
1.1
Dec 19
Dec 20
Mar 21
0.6
0.6
Sep 21
Dec 21
Dec 21
pro forma
for HFS
0.3
Allowance for Expected Loan Credit Losses
Net NPES
NPE ratio reduced to 7.5%; 3.1% on a net basis
0.8
0.1
Re-performing NPEs
Retail
0.4
0.1
SME
Corporate
0.2
Dec 21
pro forma for HFS
Pro forma for HFS, NPE coverage at 61%
25.2%
14.6%
13.3%
11.4%
12.4%
6.4%
7.5%
131%
127%
128%
129%
122%
69%
68%
69%
68%
61%
68%
Re-performing
NPES¹
28%
54%
62%
59%
59%
61%
Core NPES
68%
6.0%
5.5%
-3.1%
Dec 20
Jun 21
Sep 21
Dec 19
Dec 20
Dec 21
Dec 21
Sep 21
Dec 21
pro forma for HFS
Gross NPE ratio
Net NPE ratio
Dec 21
pro forma
for HFS
Dec 21
pro forma
for HFS
In pipeline to exit NPEs subject to meet all exit criteria; the analysis is performed on a customer basis
Restricted to Gross IFRS balance
Tangible collateral²
Allowance for expected loan credit losses
23View entire presentation