Competing as a Strong and Independent Portuguese Bank
1
Loan book expansion with defending rates, reaching NII of €413mn
pro-forma for the amended TLTRO III terms
Net Interest Income (NII)
Net Interest Margin (NIM)
€ million; %
Customer Loans
9M21
Avg. Avg. Income/
Balance Rate Costs
9M22
Avg. Avg. Income/
Balance Rate Costs
Net Interest Income
(€mn)
-5.6%
Corporate loans
Mortgage lending
Consumer loans and Others
Money Market Placements
Securities and Other Assets
24,960 2.02%
13,702 2.34%
9,891 1.04%
1,366 5.90%
4,361 0.12%
10,325 1.28%
383
244
78
25,360 2.07%
14,116 2.36%
399
252
430.2
9,808 1.12%
83
61
1,436 5.79%
63
4
6,240 -0.20%
-9
(15.7)
(20.7)
+20.9
413.4
405.9
(8.8)
100
9,964 1.36%
103
Interest Earning Assets & Other
39,646 1.62%
487
41,564 1.56%
492
Accounting based on avg exp. ECB depo rate until
maturity; €8.2mn pro-forma for amended TLTRO terms
Pro-forma for
amended TLTRO
(27 Oct) terms
Customer Deposits
26,512 0.20%
40
28,124 0.15%
32
Money Market Funding
10,455 -0.50%
-40
10,497 -0.23%
-18
Other Liabilities
1,014 6.70%
52
Interest Bearing Liabilities & Other 39,686 0.17%
NIM / NII¹
51
1.43%
430
1,443 6.37%
41,564 0.26%
1.29%
70
83
406
9M21 TLTRO III 2021 Loans &
(liability) Issuance Deposits
Other
9M22
9M22
Pro-forma
novobanco (1) With stage 3 impairment adjustment;
27
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