Financial and ESG Performance Review
1
Loan book expansion and increasing asset yields, reaching NII of
€626mn despite the amended TLTRO III terms and higher senior debt
cost
Net Interest Income (NII)
2021
2022
4Q22
Net Interest Margin (NIM)
Avg. Income/
Rate Costs
Costs
Avg. Income/ Avg. Income/
Rate
Rate Costs
+9.1%
€ million; %
Customer Loans
2.01%
510
2.31%
595
2.97%
Corporate loans
2.33%
324
2.60%
373
3.27%
197
121
+23.1
625.5
+88.4
573.4
Mortgage lending
1.04%
104
1.36%
136
2.07%
53
Consumer loans and Others
5.86%
82
5.96%
86
6.36%
23
(35.3)
(24.1)
Money Market Placements
0.07%
3
0.20%
13
1.32%
22
Securities and Other Assets
1.28%
133
1.48%
153
1.80%
50
Interest Earning Assets & Other
1.60%
645
1.79%
761
2.46%
269
Customer Deposits
0.19%
51
0.17%
48
0.22%
16
Money Market Funding
-0.51%
- 54
-0.09%
-10
0.47%
8
Other Liabilities
6.53%
71
6.30%
93
6.15%
23
2021
Interest Bearing Liabilities & Other
0.17%
68
0.31%
131
0.50%
48
TLTRO III
(liability)
2021 Commercial
Issuance activity
Other (eg:
Securities)
2022
NIM / NII¹
1.42%
573
1.47%
625
1.99%
220
novobanco (1) With stage 3 impairment adjustment;
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