Eurobank S.a. · ATHEX:EUROB
Eurobank — Eurobank Ergasias Services and Holdings — Q1 2024 Earnings Presentation
69 slides from Eurobank's earnings presentation, May 16, 2024
Slide 1: 1Q2024 results
4 EUROBANK Holdings 1Q2024 results 16 May 2024
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This presentation has been prepared by Eurobank Ergasias Services and Holdings S.A. (“Eurobank Holdings”) and its 100% subsidiary Eurobank S
Slide 3: Table of contents
Table of contents 1Q24 results highlights 4 Diversified business model 10 Balance sheet 15 Profitability 23 Asset Quality 31 Capital 36 Sustainability 39 Macroeconomic update 46 Appendix I – Supplementary information 56 Appendix II - Glossary 63 3
Slide 4: 1Q24 results highlights
1Q 2024 Results 1Q24 results highlights
Slide 5: 1Q24 results highlights: Profitability
1Q24 results highlights: Profitability ❑ Adjusted Net Profit €383m in 1Q24 P&L (€ m) 1Q24 4Q23 Δ(%) 1Q24 1Q23 Δ(%) ❑ 1Q24 RoTBV1 at 19.9% Net interest income 571.1 572.8 (0.3) 571.1 502.5 13.7 Commission income 135.6 140.8 (3.6) 135.6 129.3 4.9 ❑ TBV per share up 20.2% y-o-y at €2.14; up 3.4% q-o-q
Slide 6: 1Q24 results highlights: Balance sheet
1Q24 results highlights: Balance sheet Capital Key Balance sheet ratios ▪ Total CAD at 20.2%1, up 180bps y-o-y ▪ CET1 FLB3 at 17.2%1, up 170bps y-o-y; up 20bps q-o-q Group (%) 1Q24 4Q23 3Q23 2Q23 1Q23 Capital6 Volumes CAD 20.21 20.22 19.5 19.0 18.4 ▪ Performing loans organic growth3 at €0.4bn in 1Q2
Slide 7: Δ NII and Δ Fees (y-o-y)
1Q23 502 Δ Loans 80 Δ NII (y-o-y, € m)1 Δ Deposits (51) Core Income Δ Bonds & Derivatives 34 Greece +13.7% 9 Δ Central banks' net funding 2 Δ Gapping & other (47) Δ SEE 44 1Q24 571 1. Analysis based on gross income. 2. Including MREL, Money Market, Repos and Tier II. 1Q23 129 Δ Lending (5) Δ Fees (y
Slide 8: Profitability
Profitability Core PPI and Provisions (€ m) Core Operating Profit2 (€ m) 4074 478 +21.4% 335 +16.5% Core PPI 410 1Q23 1Q24 Profit before Tax3 (€ m) Loan Loss (75) (71) Provisions 495 +50.8% 1Q23 1Q24 328 CoR1 75 68 1Q23 1Q24 (bps) 1. On net loans. 2. Core Operating profit= Core PPI minus loan loss p
Slide 9: Capital & TBV
Capital & TBV CET1 FLB3 TBV per share (€) +20.2% +170bps 17.2%1 15.5% 2.14 2.07 1Q23 1Q24 1.78 CAD +180bps 20.2%1 18.4% 1Q23 4Q23 1Q24 1Q23 1Q24 1. Pro forma Solar securitization and Leon NPE transactions. Including period profits, subject to AGM approval. 9
Slide 10: Diversified business model
1Q 2024 Results Diversified business model
Slide 11: Segmental analysis: diversified earnings generation
Segmental analysis: diversified earnings generation Key Metrics (1Q24) Net profit1 (€ m) Net 2023 Group (%) Assets RWAs TBV RoTBV2 RoTBV Profit1 € bn € bn €m €m 228 167 208 171 194 Greek Banking Greek banking 55.8 33.1 4,740 228 19.5% 17.7% operations Operations 1Q23 2Q23 3Q23 4Q23 19 1Q24 9 10 10 1
Slide 12: Eurobank Group Investment Real Estate Portfolio
Eurobank Group Investment Real Estate Portfolio Big boxes & 1Q24 Office Mixed use Retail Logistics Special use Total supermarkets No. of assets (#) 60 26 83 33 22 26 250 Book Value (€ m) 441 211 164 343 88 73 1,321 % of total BV 33% 16% 12% 26% 7% 6% 100% BV / GLA (€ /sqm) 1,579 2,594 1,961 1,264 63
Slide 13: Bulgaria key metrics
Bulgaria key metrics1 1Q24 Highlights Core PPI and provisions (€ m) Net profit2 €48m, up 42.3% y-o-y ▪ Core PPI at €68m, up 46.3% y-o-y 67 65 68 Core 55 PPI ▪ NII up 46.8% y-o-y at €96m 46 ▪ Commission income up 6.7% y-o-y at €20m ▪ Cost – to - core income at 41.2% (10) (14) (14) (15) (13) Provision
Slide 14: Cyprus key metrics
Cyprus key metrics1 1Q24 Highlights Core PPI (€ m) Net profit €92m; up >100% y-o-y ▪ Core PPI up 25.1% y-o-y at €66m 69 71 63 66 ▪ NII up 22.2% y-o-y at €70m 53 ▪ Commission income up 5.8% y-o-y at €10m ▪ Cost – to – core income at 17.6% 1Q23 2Q23 3Q23 4Q23 1Q24 NPEs ratio and provisions / NPEs Net
Slide 15: Balance sheet
1Q 2024 Results Balance sheet
Slide 16: Balance sheet composition
Balance sheet composition Assets (€ bn) Liabilities and Equity (€bn) 79.4 79.4 60 50 Net loans 41.6 40 Deposits 57.3 30 Investment Securities 15.0 Loans & advances to banks 2.1 20 Wholesale funding 5.7 Cash & Central banks 10.7 Tier II 1.6 Other3 3.6 10 Investment property 1.3 Central banks 3.0 DTA1
Slide 17: Securities portfolio
Securities portfolio Breakdown per issuer Breakdown per classification Trading & other; 4% FVOCI; 23% CLOs (AAA); Trading & other; 10% 4% € 15.0 bn Financial Institutions; Amortized Cost; 73% 12% Greek Corporate bonds; Government; Amortized cost breakdown € 15.0 bn 38% 10% Corporate bonds; CLOs (AAA
Slide 18: Loans
Loans Gross loans (€ bn) Performing loans (€ bn) Organic1 growth +€0.4bn in 1Q24 41.7 42.2 42.3 42.8 42.7 41.5 41.6 39.8 40.1 40.4 9.1 9.8 10.0 10.3 10.4 SEE 9.7 10.0 10.2 SEE 8.8 9.5 4.7 4.6 4.5 4.5 4.3 Senior Notes 4.7 4.6 4.5 4.5 4.3 Senior Notes Greece Greece Business Business 18.3 18.2 18.2 18.
Slide 19: Deposits
Deposits Breakdown by region (€ bn) Time / Total 32% 34% 35% 36% 29% Group +2.2 32% 32% 32% Greece 27% 30% 55.9 56.5 57.4 57.3 55.1 1Q23 2Q23 3Q23 4Q23 1Q24 16.2 16.9 16.8 17.5 17.9 SEE Breakdown by customer Greece 38.9 39.0 39.7 40.0 39.4 Individuals & SB; Corporate; 64% € 57.3 bn 36% 1Q23 2Q23 3Q2
Slide 20: Liquidity
Liquidity Net loans / Deposits ratio Net ECB Funding (€ bn) (5.7) (5.2) (7.5) (7.1) (7.7) 72.9% 72.6% 72.3% 72.5% 8.3 7.4 72.0% 4.2 3.8 3.0 Funding (14.0) (12.6) (11.7) (10.9) (10.7) Cash 1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 1H23 9M23 FY23 1Q24 Liquidity coverage ratio (LCR) HQLAs1 Cash ; Level 2 Assets; 3
Slide 21: MREL position
MREL position MREL (% RWAs) MREL buffer of 270 bps (€1.2bn) 25.9 ▪ 1Q24 MREL ratio at 25.9%, pro-forma for the €650m MREL-eligible 23.2 6.7 Senior preferred senior preferred bond (Apr. 2024) 4.2 liabilities3 CBR2 19.2 19.1 Own Funds4 MREL ▪ MREL capacity in 1Q24 significantly exceeds the 2024 MREL t
Slide 22: Wealth Management
Wealth Management Managed Funds (AuM, € bn) Private Banking (CAL1, € bn) +19% +34% 11.7 11.0 5.9 10.6 10.7 5.3 9.8 4.8 4.9 5.0 Greece 4.4 4.6 4.8 4.6 4.2 4.7 4.3 Cyprus 3.8 3.9 3.5 Own Mutual 3.5 Funds 2.9 3.0 3.2 2.8 3rd Party Mutual Luxembourg Funds 0.5 0.5 0.5 0.5 2.8 3.0 3.0 3.1 3.3 0.4 0.6 0.6
Slide 23: Profitability
1Q 2024 Results Profitability
Slide 24: Loan spreads
Loan spreads Loan client rates (Greece, bps) Lending spreads (Greece, bps)1 633 1Q23 2Q23 3Q23 4Q23 1Q24 614 625 579 Performing 285 282 273 267 261 528 Corporate 242 244 237 233 228 591 607 610 3M avg Euribor 263 336 377 396 392 559 6M avg Euribor 309 366 397 403 389 509 Retail 340 331 320 313 307 C
Slide 25: Net Interest margin & deposit spreads
Net Interest margin & deposit spreads Net Interest margin (bps) Deposit spreads (Greece, bps) 1Q23 2Q23 3Q23 4Q23 1Q24 351 Savings & Sight 238 318 364 386 387 346 334 SEE Time 123 143 149 146 135 318 Total 211 269 301 312 306 290 Group 283 284 287 1M avg Euribor 235 315 362 385 386 272 253 270 270 G
Slide 26: Net Interest Income
Net Interest Income NII breakdown (€ m)1 Δ NII (q-o-q, € m)1 1Q24 NII up 13.7% y-o-y 4Q23 573 1Q23 2Q23 3Q23 4Q23 1Q24 Δ Loans 10 Loans 460 516 564 580 589 Bonds & Derivatives 114 126 132 151 157 Δ Bonds & Derivatives 5 Greece Central banks’ net 29 40 55 56 59 Δ Central banks' net funding funding (1
Slide 27: Commission Income
Commission Income Commission income breakdown (€ m) Commission income per region (€ m) 1Q24 commission income up 4.9% y-o-y 68bps / assets 141 141 141 141 133 136 133 136 129 129 30 33 31 33 44 31 40 33 Lending 29 SEE 38 49 Network transactions 71bps / 51 52 42 48 & credit cards assets 111 108 100 1
Slide 28: Operating expenses
Operating expenses OpEx per region (€ m) OpEx breakdown (Greece, € m) Group OpEx stable y-o-y on a l-f-l basis1 221 222 229 229 229 162 (2.1%) 158 60 61 67 69 71 SEE 21 21 Depreciation 14 16 IT 162 161 162 160 158 Greece 35 33 Administrative 1Q23 2Q23 3Q23 4Q23 1Q24 78 90 Cost –to- core income (%) S
Slide 29: Pre-provision income (PPI)
Pre-provision income (PPI) Core PPI and other income (€ m) Δ Core PPI (q-o-q, € m) (12) 31 12 55 48 Other income 462 484 478 526 459 410 SEE 484 478 48 127 144 145 143 106 (1) (5) (0) 304 332 318 339 335 Greece 1Q23 2Q23 3Q23 4Q23 1Q24 PPI per region (€ m) 540 526 Δ NII Δ opex 4Q23 Core PPI 1Q24 Cor
Slide 30: Core Operating Profit
Core Operating Profit Δ Core PPI & Provisions (y-o-y, € m) Core Operating Profit per region (€ m) +21.4% +16.5% 407 394 69 6 478 370 372 410 (7 ) 335 Core PPI 127 SEE 130 112 128 95 Greece 265 280 240 258 244 (75) (71) Δ Fees Δ OPEX Loan Loss Δ NII Provisions 1Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24 PBT1
Slide 31: Asset Quality
1Q 2024 Results Asset Quality
Slide 32: Asset quality metrics
Asset quality metrics NPEs formation1 (€ m) NPEs ratio (%) Δ NPEs stock (48) 90 (145) (540) (212) 5.1% 5.2% (q-o-q, €m) 4.9% Single 133 3.5% corporate 3.0% 59 SEE 7 13 27 Greece 1Q23 2Q23 3Q23 4Q23 1Q243, 4 (29) 1Q23 2Q23 3Q23 4Q23 1Q24 4 Loan loss provision (€ m) NPE coverage (%) 75 88 89 88 68 Cos
Slide 33: NPEs formation per segment (Greece)
NPEs formation per segment (Greece) Mortgages (€ m) Consumer (€ m) 17 39 42 12 32 26 21 27 1 10 10 16 7 6 13 12 10 6 3 5 4 42 3 (5) (9) (2) (27) 3Q21 3Q23 3Q22 2Q22 4Q22 1Q21 2Q21 4Q21 2Q23 4Q23 1Q22 1Q23 1Q24 3Q21 3Q22 1Q23 3Q23 1Q21 2Q21 4Q21 2Q22 4Q22 2Q23 4Q23 1Q22 1Q24 Small Business (€ m) Corp
Slide 34: NPE metrics (Group)
NPE metrics (Group) 90dpd bridge to NPEs (€ bn) NPEs per region Provisions & 0.2 1.3 NPE Total NPEs NPE ratio collaterals / 0.5 coverage NPEs (€ m) (%) (%) (%) 0.7 Consumer 56 3.4 178.5 179 (1.2) Mortgages 253 3.4 118.0 209 0.1 Small Business 191 6.7 90.0 160 Corporate 551 2.7 65.8 141 2 90dpd NPF 0
Slide 35: Loans' stage analysis (Group)
Loans’ stage analysis (Group) Loans’ stage breakdown Provisions stock over NPEs (€ bn) 1Q23 2Q23 3Q23 4Q23 1Q24 92.6% 86.4% Stage 1 34.4 34.9 35.2 36.3 36.5 76.0% 73.2% 75.0% Stage 2 5.1 5.1 5.0 4.9 4.9 Stage 3 2.1 2.2 2.1 1.5 1.3 (NPEs) 1 Total 41.6 42.2 42.2 42.8 42.7 1Q23 2Q23 3Q23 4Q23 1Q24 Stag
Slide 36: Capital
1Q 2024 Results & EUROBANK Holdings Capital
Slide 37: Capital ratios (CET1 FLB3, q-o-q)
Capital ratios (CET1 FLB3, q-o-q)) 89bps 17.0%2 5bps 17.2%2 (27bps) (22bps) (14bps) (11bps) 2024 OCR 12.2% 1 1 transaction 1Q24 after tax Asset Growth securitization Other 1Q24 Adj. Net VES cost amortization 4Q23 Synthetic 3 NPE Profit RWAs 43,242 0 6594 0 359 (135) 52 44,177 (€ m) Capital 7,348 383
Slide 38: Capital ratios (CAD, q-o-q)
Capital ratios (CAD, q-o-q) 89bps 6bps 20.2%6 20.2%2 (32bps) (22bps) (17bps) (24bps) Tier II 3.2% 3.0% Tier II 17.2% CET1 CET1 17.0% 2024 CAD OCR 15.1% 1 1 1Q24 after tax Asset Growth securitization Other 1Q24 Adj. Net VES cost amortization 4Q23 transaction Synthetic 3 Profit NPE RWAs 43,242 0 6594
Slide 39: Sustainability
1Q 2024 Results Sustainability https://www.eurobankholdings.gr/en/esg-environment-society-governance
Slide 40: Financed Impact Strategy – Key Highlights
Financed Impact Strategy – Key Highlights Accelerate sustainable financing in line with our Portfolio Decarbonization has a pivotal role in ambitious strategy our sustainability strategy c.€1.94bn green loans in corporate clients, mainly focusing on Green Asset Ratio KPI: 2.5% (Turnover) / 3.5% (Cap
Slide 41: Financed Impact Strategy – Key Enablers
Financed Impact Strategy – Key Enablers Eurobank Holdings has applied to join the Net-Zero Banking Alliance (NZBA), demonstrating its dedication to tackle climate change by aligning its financial activities with net-zero emissions by 2050 or sooner, set by the Paris Climate Agreement Our key enabler
Slide 42: Operational Impact Highlights - Environment
Operational Impact Highlights - Environment Energy Performance 1Q24 %var vs Target • Operational Net Zero (by 2033): Maintenance of the detailed Operational Net Zero Actual 1Q23 2024 Action Plan (SBTi-aligned, baseline year 2019) Electric Energy consumption (kWh) 7.79 mn -5.3% -5.0% • Energy Consump
Slide 43: Operational Impact Highlights - Social
Operational Impact Highlights - Social • Setting Education a Priority: A new platform, mprostagiatinpaideia.gr, has been launched aiming to 650 3 students connect students with the job market through training, networking and counselling services, along with small islands getting offering numerous pa
Slide 44: Operational Impact Highlights – People & training
Operational Impact Highlights – People & training External training: Sustainable The workshop "Sustainable Transition: New Prospects Transition Event Internal training • Introducing the updated 2023 Code of Conduct digital awareness/acceptance program (annual review), outlining the and New Requireme
Slide 45: Sustainability Ratings & Distinctions
Sustainability Ratings & Distinctions Sustainability Ratings • Sustainalytics - Significant score improvement from 12.1 to 10.6, maintaining the “Low Risk” mark. The Bank achieved the ESG Regional Top-Rated distinction (Europe), the ESG Industry Top Rated distinction (Banking) for the 2nd consecutiv
Slide 46: Macroeconomic update
1Q 2024 Results Macroeconomic update
Slide 47: Macro developments and outlook
Macro developments and outlook ▪ 2023 Real GDP growth at 2.0% ; 2.5% and 2.6% forecast for 2024 and 2025 respectively 1, over-performing the Euro Area in all three years ▪ Inflation declined in 2023 on the back of decreasing energy prices; HICP inflation at 3.4% in Mar-24, from 5.4% in Mar-23 (2.4%
Slide 48: Real GDP, Index 2019Q4=100
Real GDP growth at 2.0% vs 0.4% in the Euro Area in 2023; consumption and exports the main drivers Real GDP and Expenditure Side Components in 2023 110 Real GDP 5% Greece Euro Area 4.0% 4.2% 4% 3.2% In Q4 2023 the Greek economy 2.8% 105 3% 2.0% exceeded its pre-pandemic level (Q4 1.8% 1.7% 1.9% 2% A
Slide 49: Domestic Labour Market
Domestic Labour Market The unemployment rate continues to decline, still the 2nd Employment remains on an upward trajectory highest in the Euro Area despite reported labor shortages contributing positively to households’ disposable income Long term unemployment decreases, yet it remains Recovery of
Slide 50: Selected indicators of domestic economic activity
Selected indicators of domestic economic activity ESI improves at the start of 2024; higher relative to the EA Operating conditions in manufacturing improve strongly at the beginning of 2024; higher relative to the EA Turnover increases in retail trade, however real volume drops Manufacturing produc
Slide 51: Real estate prices: strong growth continues
Real estate prices: strong growth continues Index of Apartment Prices Index of Retail and Office Prices 4Q10 – 4Q23 1H11 – 1H23 Source: BoG 51
Slide 52: Fiscal and current account balances
Fiscal and current account balances ▪ 2023 & 2024 GG primary surplus expected at +2.1% & 2.1% of GDP in 2024 and 2025 respectively, according to the 2024 SGP ▪ Current account deficit expected at -5.8% and -5.3% of GDP in 2024 and 2025 (EC, Autumn Forecast 2023) respectively, from -6.3% of GDP in 20
Slide 53: Sovereign debt profile
Sovereign debt profile General Government gross public debt ▪ According to the SGP, the Greek GG Gross Public Debt, from 161.9% of (% of GDP, ESA terms) GDP in 2023 is expected at 152.7% and 146.3% of GDP in 2024 and 2025 respectively (vs 172.7% in 2022 and a peak of 207.0% in 2020) ▪ 75.0% of the d
Slide 54: Bulgaria
Bulgaria ▪ Real GDP Growth cooled down to 1.8% in 2023, from 3.9% in 2022, yet it still ranks third in the CESEE region and outperforms the EU average of 0.4% ▪ OECD (May 2024) forecasts 2024 growth at 2.5% with private consumption the key growth driver and the RRF expected to boost investment ▪ The
Slide 55: Cyprus
Cyprus ▪ FY2023 growth at 2.5%; IMF (April 2024) foresees a real GDP growth rate of 2.7% for 2024, accelerating to 2.9% in 2025 ▪ 2023 growth driven by household consumption (+4.2% y-o-y), on the back of strong disinflation (-4.2ppts, to 3.9%, vs. -3.0ppts in the euro area) and fixed capital formati
Slide 56: Appendix I – Supplementary information
1Q 2024 Results Appendix I – Supplementary information
Slide 57: 2024 – 2026 financial goals
2024 – 2026 financial goals FY23 FY24E FY26E Core Operating Profit1 €1.47bn >€1.5bn c.€1.6bn RoTBV2 18.1% c.15% c.13.0% Payout ratio3 14% >25% c.50% TBV/S €2.07 c.€2.30 c.€2.70 CET14 17.0% >17% >17% NPE ratio 3.5% <3.5% c.3.0% 1. Core Operating profit= Core PPI minus loan loss provisions. 2. Adjuste
Slide 58: Summary performance
Summary performance Balance sheet – key figures Income statement – key figures €m 1Q24 4Q23 €m 1Q24 4Q23 Gross customer loans 42,701 42,773 Net interest income 571.1 572.8 Provisions (1,156) (1,258) Commission income 135.6 140.8 Loans FVTPL 10 15 Operating income 754.5 769.0 Net customer loans 41,56
Slide 59: Consolidated quarterly financials – Income statement
Consolidated quarterly financials – Income statement (€ m) 1Q24 4Q23 3Q23 2Q23 1Q23 Net Interest Income 571.1 572.8 558.4 540.1 502.5 Commission income 135.6 140.8 133.1 140.6 129.3 Other Income 47.7 55.5 11.7 30.9 (12.2) Operating Income 754.5 769.0 703.2 711.6 619.6 Operating Expenses (228.8) (229
Slide 60: Consolidated quarterly financials – Balance sheet
Consolidated quarterly financials – Balance sheet (€ m) 1Q24 4Q23 3Q23 2Q23 1Q23 Consumer Loans 3,516 3,436 3,429 3,355 2,803 Mortgages 9,736 9,942 10,009 10,033 10,015 Household Loans 13,251 13,377 13,438 13,388 12,818 Small Business Loans 3,375 3,484 3,580 3,701 3,716 Corporate Loans 21,769 21,481
Slide 61: Consolidated financials
Consolidated financials Income Statement (€ m) 1Q24 1Q23 Δ y-o-y (%) Net Interest Income 571.1 502.5 13.7 Commission income 135.6 129.3 4.9 Other Income 47.7 (12.2) Operating Income 754.5 619.6 21.8 Operating Expenses (228.8) (221.5) 3.3 Pre-Provision Income 525.6 398.1 32.0 Loan Loss Provisions (70
Slide 62: SEE operations key figures – 1Q24
SEE operations key figures – 1Q241 Bulgaria Cyprus Lux Sum Assets 10,237 8,774 2,874 21,885 Gross loans 6,882 2,720 843 10,445 Balance Sheet Net loans 6,684 2,665 843 10,192 (€m) NPE loans 180 63 0 243 Deposits 8,190 7,157 2,598 17,945 CAD2 20.9% 34.7% 23.6% Core Income 115.2 80.2 17.1 212.5 Operati
Slide 63: Appendix II – Glossary
1Q 2024 Results Appendix II – Glossary
Slide 64: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios This document contains financial data and measures as published or derived from the published consolidated financial statements which have been prepared in accordance with International Fina
Slide 65: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios Adjusted net profit: Net profit/loss from continuing operations excluding restructuring costs, goodwill impairment / gain on acquisition, gains/losses related to the transformation plan and
Slide 66: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios Fees/Assets: Calculated as the ratio of annualized Commission income divided by the average balance of continued operations’ total assets (the arithmetic average of total assets, excluding a
Slide 67: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios Non-performing exposures (NPEs): Non Performing Exposures (in compliance with EBA Guidelines) are the Group’s material exposures which are more than 90 days past-due or for which the debtor
Slide 68: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios Total Capital Adequacy ratio: Total regulatory capital as defined by Regulation (EU) No 575/2013 as in force, based on the transitional rules for the reported period, divided by total Risk W
Slide 69: Investor Relations contacts
Investor Relations contacts Dimitris Nikolos +30 214 4058 834 dnikolos@eurobankholdings.gr Yannis Chalaris +30 214 4058 832 ychalaris@eurobankholdings.gr Christos Stylios, CFA +30 214 4058 833 cstylios@eurobankholdings.gr Investor Relations Division +30 214 4058 834 investor_relations@eurobankholdin
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