Financial Analysis and Currency Deposits
Balance sheet de-risking results in a smaller but safer loan book
Net Loans: Performing 1 vs Legacy
€ bn
Interest Income on Loans: Performing 1 vs Legacy
€ mn
68
80
72
22
36%
5.64
82
81
10.73
10.36
10.06
10.23
10.37
79
10.12
77
77
77
1.79
1.36
0.68
0.66
0.63
0.40
(4%
9
17
10
75
10
9
15.62
64%
9.98
8.94
9.00
9.38
9.57
9.74
9.72
96%
65
67
69
69
•
Dec 16
Legacy
Dec 19
Dec 20
Performing 1
Dec 21
Mar 22
Jun 22
Jun 22
pro forma
for HFS
2Q2021
3Q2021
4Q2021
1Q2022
2Q2022
Legacy
Performing 1
72
12
2Q2022
pro forma
for HFS
Interest income of performing 1 book increased at €72 mn, reflecting the beginning of loan book repricing as interest rates start to rise and increased volume of loans
•
Interest income of legacy book at €9 mn broadly flat qoq
•
Interest on Net NPEs not received in cash, fully provided
1)
Non legacy includes corporate (incl. IB and W&M and Large and International corporate), SME and Retail
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