Financial and ESG Performance Review
...backed by a positive NIM trend, with higher Euribor, more than offsetting
funding costs and TLTRO III phase-out
Income Statement (€mn)
▲QOQ
1Q22
2Q22 3Q22 4Q22
Net Interest Income
+ Fees & Commissions
= Commercial Banking Income
+ Capital Markets Results
+ Other Operating Results
= Banking Income
- Operating Costs
= Net Operating Income
- Net Impairments & Provisions
21.8
= Profit Before Tax
185.0
-2.0
157.9
€mn
133.5 134.5 137.9 219.5 +81.6
68.8 75.6 71.3 77.6 +6.3
202.3 210.1 209.2 297.2 +87.9
91.4 -5.6 -17.6 - 44.2 (26.6)
16.7 56.5 88.0 22.3 (65.7)
310.4 261.0 279.6 275.3 (4.3)
103.6 105.1 105.5 134.1 +28.6
206.8 155.9 174.1 141.1 (32.9)
2.7
88.7 +86.0
171.4
Net Interest Margin: Quarterly trend
(€mn)
2.46%
Assets
2.30%
1.67% 1.61%
1.53% 1.56% 1.49% 1.51%
1.65%
EUR6M
1.99% NIM
1.27%
1.49% 1.44% 1.37% 1.39%
0.19% 0.18% 0.17%
0.17%
1.31% 1.29%
0.23%
0.18%
0.97%
0.40%
0.50% Liabilities
-0.09%
-0.52%
-0.47%
1Q21 2Q21 3Q21 4Q21 1Q22
2Q22 3Q22 4Q22
52.4 (118.9)
= Recurrent PBT
75.1
85.1
- Corporate Income Tax
7.4
11.6
107.1
8.9
139.4 +32.3
Net Interest Income: Quarterly trend
(Єmn)
+59%
QoQ1
- Special Tax on Banks
34.1
- 81.1 (90.0)
0.0
219.5
145.7
143.5
140.9
143.2
133.5
134.5
137.9
= Profit after Taxes
143.5
- Non-Controlling Interests
0.9
= Net Profit for the period
142.7
146.4 162.5
22.3 0.9
124.0
161.6
133.6 (28.9)
1.1 +0.2
132.5
(29.1)
1Q21
2Q21
3Q21
4Q21
1Q22 2Q22 3Q22 4Q22
12
novobanco
(1) Equivalent to +46% QoQ if adjusted for amended of TLTRO III terms on 27 Oct (imply +€7.5mn in 3Q22)View entire presentation