Financial and ESG Performance Review
2022 Financial Statements
Income Statement - Quarterly data
(€ million)
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
Net Interest Income
145.7
143.5
140.9
143.2
133.5
134.5
137.9
219.5
€mn QoQ
+81.6
▲ % QoQ
+59%
Fees and Commissions
62.8
72.8
72.3
74.6
68.8
75.6
71.3
77.6
+6.3
+9%
Commercial Banking Income
208.5
216.3
213.2
217.9
202.3
210.1
209.2
297.2
+87.9
+42%
Capital Markets Results
52.8
40.5
(59.7)
42.2
91.4
(5.6)
(17.6)
(44.2)
(26.6)
+151%
Other Operating Results
12.2
(41.3)
30.3
39.2
16.7
56.5
88.0
22.3
(65.7)
(75%)
Banking Income
273.5
215.5
183.9
299.3
310.4
261.0
279.6
275.3
(4.3)
(2%)
Operating Costs
102.7
101.4
101.6
102.6
103.6
105.1
105.5
134.1
+28.6
+27%
Staff Costs
58.7
58.9
57.9
57.8
55.7
56.1
57.9
63.9
+6.0
+10%
General and Administrative Costs
35.9
34.2
35.1
35.8
38.2
39.2
37.7
47.1
+9.5
+25%
Depreciation
8.1
8.2
8.6
9.0
9.8
9.8
9.9
23.1
+13.2
+133%
Net Operating Income
170.8
114.1
82.3
196.6
206.8
155.9
174.1
141.1
(32.9)
(19%)
Net Impairments and Provisions
61.8
27.4
70.4
193.1
21.8
(2.0)
2.7
88.7
+86.0
Credit
54.9
29.8
30.3
34.4
14.3
5.0
20.2
(5.0)
(25.2)
Securities
0.9
15.1
1.4
30.4
11.1
30.6
2.4
23.6
+21.2
+894%
Other Assets and Contingencies
6.0
(17.5)
38.7
128.4
(3.6)
(37.6)
(19.9)
70.1
+89.9
Income before Taxes
109.0
86.7
11.9
3.5
185.0
157.9
171.4
52.4
(118.9)
(69%)
Corporate Income Tax
4.2
16.9
(8.1)
(28.2)
7.4
11.6
8.9
(81.1)
(90.0)
Special Tax on Banks
32.8
1.5
0.0
(0.1)
34.1
0.0
Income after Taxes
72.0
68.4
20.0
31.8
143.5
146.4
162.5
133.6
(28.9)
(18%)
Non-Controlling Interests
1.3
1.4
3.6
1.4
0.9
22.3
0.9
1.1
+0.2
+20%
Net Income for the period
70.7
67.0
16.4
30.4
142.7
124.0
161.6
132.5
(29.1)
(18%)
novobanco
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