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  • ANNUAL REPORT 2022
  • To our Shareholders
  • Business Review
  • Audited Financial Reporting
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  • Press Conference - Annual Results 2022

Highlights

Sustainable profitability

_  Net result of EUR 2,164.7 million

_  Local banks in all core markets are profitable

_  Dividend of EUR 1.9 per share proposed to AGM

 

Operating performance improves

_  Operating revenues increase by 10.7% driven by net
interest income and net fee and commission income

_  Operating expenses increase amid inflationary environment
by 6.2%

_  Cost/income ratio target set for 2024 already met in 2022, improves to 53.4%

 

Customer business drives balance sheet growth

_  Net loans increase by 12.1% to EUR 202.1 billion,
primarily due to increasing demand from corporate
customers

_  Solid deposit growth supported by all customer groups

Sound asset quality

_  NPL ratio improves to 2.0%, the lowest level since the IPO

_  NPL provision coverage at 94.6%

_  Risk costs of 15 basis points
(on average gross customer loans)

 

Favourable capitalisation

_  CET1 ratio (CRR final) increases to 14.2%

_  Capital significantly above regulatory requirements and
internal target

 

Excellent funding and liquidity position

_  Strong retail deposit base in all core countries is key trust indicator and competitive advantage

_  Loan-to-deposit ratio at 90.2%

_  All local banks successfully placed MREL-related
issuances 

Financial Data

Our Markets

Press Conference - Annual Results 2022