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