Investor Presentaiton
Gross loans and coverage by IFRS 9 staging
Gross loans by IFRS 9 stage (€ mn)
Allowance for expected loan
credit losses (€ mn)
Coverage ratio
12,261
10,864
10,856
10,282
Stage 1
6,870
Dec 21
Dec 20
Sep 21
Dec 21
Pro forma
1,902
7,362
7,529
73%
7,529
95
for HFS
76
849
792
Stage 1
1.4%
1.2%
1.1%
1.1%
Stage 2
2,305
90
60
84
54
1,731
467
2,053
1,984
19%
Stage 2
3.3%
2.9%
2.7%
2.7%
84
Stage 3
3,086
1,982
699
654
52
1,449
1,343
8%
331
Stage 3
56.1%
48.3%
48.7%
42.9%
771
Dec 20
Sep 21
Dec 21
Dec 21
Dec 20
Sep 21
Dec 21
% of gross loans
pro forma
for HFS
Dec 21
pro forma
for HFS
Coverage for stage 3 loans at 43% pro forma for HFS
• The decrease in coverage in all stages is attributed to the good performance of the portfolio and the lower provision needs
• Net transfer of c.€74 mn of loans from Stage 2 to Stage 1 in 4Q2021 driven mainly by updated financial information
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