Eurobank S.a. · ATHEX:EUROB
Eurobank — FY2017 Earnings Presentation
69 slides from Eurobank's earnings presentation, Mar 12, 2018
Slide 1: Full Year 2017 Results
Full Year 2017 Results 12 March 2018
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. The material that follows is a presentation of general background information about Euroban
Slide 3: Table of contents
Table of contents 2017 Highlights 3 4Q17 results 9 4Q17 results review 16 Asset Quality 24 International operations 31 IFRS9 40 Appendix I – Supplementary information 45 Appendix II – Macroeconomic update 49 Appendix III – Glossary 63 Page 2
Slide 4: 2017 Highlights
2017 Highlights 1 Profitability Net profit1 at €186m for FY17 Core PPI up 5.4% y-o-y at €837m NII stable at €1,464m Commission income up 14.5% y-o-y OPEX down 0.9% y-o-y, Greece down 2.0% y-o-y 2 Asset Quality Outperformance of NPE reduction plan Group NPE stock down by €2.5bn y-o-y
Slide 5: Profitability
1 Profitability Core PPI (€ m) Profit before tax1 (€ m) 203 195 +5.4% 837 34 8 793 1 FY16 Core PPI Δ ΝΙΙ Δ Commision Δ OPEX FY17 Core PPI 2016 2017 Income +0.1% +14.5% (0.9%) Romania classified as held for sale. All previous quarters restated accordingly. 1. Before discontinued operations & restruct
Slide 6: Asset Quality
2 Asset Quality NPEs stock evolution (€ bn) NPE formation (€ m) 909 Greece 976 22.6 €1.6bn (2.5) (67) improvement 1.4 Int’l 20.1 (596) Greece 1.2 Int’l (91) Int’l (687) 2016 2017 NPE ratio and provisions over NPEs (%) 21.2 (2.3) 50.6 51.1 51.6 50.7 50.4 18.9 Greece 46.0 45.8 45.0 44.7 (340bps) 42.6
Slide 7: Liquidity
3 Liquidity Deposits evolution (€ bn) Eurosystem funding (€ bn) 15.9 (9.2) 13.9 3.4 33.8 2.1 32.1 +1.8 10.0 12.5 2.1 11.9 6.7 9.3 Int’l 1.3 ECB 8.7 7.9 5.3 ELA 2016 2017 peak 2017 Mar 18 1 April 4th Highlights 24.6 Greece +1.2 23.4 Current ELA funding at €5.3bn; €7.2bn down from 2017 peak Elimin
Slide 8: Capital
4 Capital FLB3 CET1 FLB3 Total CAD +450bps 17.9% 260bps +220bps 15.3% 150bps 130bps 70bps 13.8% 60bps 14.0% 13.1% 13.4% 2015 2016 20171 2015 2016 Operating Tier II 2017 2 result 1. Pro-forma for Romanian operations disposal. 2. Pro-forma for the redemption of preference shares with Tier II bonds and
Slide 9: International Operations
5 International Operations Net Profit1 (€ m) Net Loans and Deposits (€ bn) 130 +6% 122 9.3 >100% 5.7 55 4.3 3.1 2.5 1.5 1.0 0.8 1.1 0.4 Int'l BUL SER CYP LUX 2015 2016 2017 Net Loans Deposits Romania classified as held for sale. All previous quarters restated accordingly. 1. Before discontinued oper
Slide 10: 4Q 2017 results
Sy eurobank| 4Q 2017 results | Page 9
Slide 11: 4Q17 results
4Q17 results1 Highlights Key financials 1 Net profit €43m in 4Q17 €m 4Q17 3Q17 Δ(%) FY17 FY16 Δ(%) Core pre-provision income (PPI) up 1.7% q-o-q Net interest income 373.0 369.3 1.0 1,463.5 1,462.5 0.1 PPI up 11.2% q-o-q at €267m Commission income 69.9 66.8 4.7 267.5 233.7 14.5 NII up 1.0% q-o-
Slide 12: Pre-provision income (PPI)
Pre-provision income (PPI) Core PPI and other income (€ m) Highlights 54 38 34 28 51 Other income Core pre-provision income (PPI) up 1.7% q-o-q 219 217 Core PPI NII up 1.0% q-o-q at €373m, due to lower eurosystem funding cost 199 208 213 Commission income up 4.7% q-o-q at €70m Operating expe
Slide 13: Asset quality
Asset quality NPEs formation1 (€ m) 90dpd formation1 (€ m) 50.6 50.7 51.1 51.6 50.4 Coverage (% ) 66.0 65.4 65.2 65.5 64.3 Coverage (% ) 46.0 45.9 45.1 44.7 42.6 Ratio (% ) 35.3 35.5 35.3 35.2 33.4 Ratio (% ) 150 85 (71) 26 (273) Int'l (106) (111) Int'l (194) Greece (114) Greece (38) (90) (39) (311)
Slide 14: Funding and liquidity
Funding and liquidity Eurosystem funding (€ bn) Highlights 32.7 Current Eurosystem funding at €6.7bn; €9.2bn down from 2017 peak 9.8 Current ELA funding at €5.3bn; €7.2bn down from 2017 peak 13.9 Elimination of Pillar II bonds as of October 2017 13.8 2.1 2.6 11.1 22.9 10.0 Group deposits up
Slide 15: Capital position
Capital position Phased-in CET11 CET1 / CAD (FLB3)2 260bps 17.9% 60bps 15.8% 15.3% 15.1% 10bps 12.875% 9.375% 3Q17 pro- 4Q17 result AFS & other 4Q17 pro- 2018 CET1 4Q17 pro-forma Tier II capital Total CAD 2018 OCR SREP forma CET1 forma CET1 SREP FLB3 CET1 RWAs (€ m) 37,208 - (33) 37,175 RWAs 37,161
Slide 16: International Operations
International Operations Core PPI (€ m) Net Profit1 (€ m) 37 66 32 33 59 61 62 59 29 27 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2Q17 3Q17 4Q17 Loan loss provisions (€ m) Net Loans and Deposits (€ bn) 2.0% 1.8% 1.8% 1.6% 1.4% Cost of Risk 26 9.3 23 24 23 20 5.7 4.3 3.1 2.5 1.5 1.1 1.0 0.8 0.4 Int'l BUL SE
Slide 17: 4Q 2017 results review
4Q 2017 results review Page 16
Slide 18: Loans and deposits
Loans and deposits Gross loans (€ bn) Deposits (€ bn) Δ loans l-f-l1 (€m) 466 3 144 117.6% 117.6% 116.4% 112.0% 49.2 109.6% 48.7 48.7 48.3 47.2 Loans/Deposits 6.0 6.0 6.3 International 6.4 6.4 33.8 Greece 33.2 32.1 31.8 32.3 8.9 9.3 21.7 21.4 21.5 Business 8.7 8.6 21.2 8.9 International 21.1 Mortgag
Slide 19: Assets
Assets Total assets (€ bn) Gross Loans Consumer 11% Business 54% Mortgages 60.0 35% Net loans and advances to customers 37.1 Securities Trading & other 10% EFSF GGBs Securities 7.7 7% 33% PP&E, intangibles and other assets 4.8 Derivatives 1.9 Loans and advances to banks 2.1 Other Deferred tax asset1
Slide 20: New time deposits spreads and client rates (Greece)
New time deposits spreads and client rates (Greece) Time deposit client rates (bps) Deposits mix Core 57% Time 43% 97 92 91 New time deposit spreads (bps) 89 88 89 86 88 82 (92) (92) 88 80 (107) (102) 87 80 (109) 85 86 77 (102) (92) (93) (92) 75 76 (112) (113) 80 73 70 (172) 76 70 75 74 74 73 74 69
Slide 21: Spreads & net interest margin
Spreads & net interest margin Lending spreads (Greece, bps)1 Deposit spreads (Greece, bps) 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2Q17 3Q17 4Q17 Corporate 524 516 493 502 500 Savings & Sight (53) (51) (49) (50) (51) Retail 435 416 432 425 432 Time (96) (90) (88) (83) (82) Total 467 451 454 453 457 Total
Slide 22: Net interest income
Net interest income NII breakdown (€ m) NII per region (€ m) Total NII 374 357 364 369 373 374 357 364 369 373 84 83 84 83 84 International Greece 289 290 274 281 286 Loan margin 447 4Q16 1Q17 2Q17 3Q17 4Q17 420 425 426 426 NII evolution (q-o-q, € m) 8 5 369 1 373 60 (5) 0 (5) Bonds & other 55 56 55
Slide 23: Commission income
Commission income Commission income breakdown (€ m) Commission income per region (€ m) Fees excl. €m 69 67 69 69 70 Govt. bps 43 42 45 46 48 guarantees expense 70 66 67 67 70 64 66 67 67 64 21 Int’l 18 16 18 Lending 22 20 22 23 20 17 30 31 34 33 Network 33 49 Greece 44 44 44 43 8 8 8 Capital Markets
Slide 24: Operating expenses
Operating expenses OpEx per region (€ m) OpEx breakdown (€ m) Greece (2.0%) 903 (0.9%) 894 221 222 223 223 226 61 60 International Depreciation 41 44 45 45 46 340 328 Administrative 181 178 178 179 181 Greece Staff 501 506 4Q16 1Q17 2Q17 3Q17 4Q17 FY16 FY17 Cost-to-income ratio (%) Headcount and net
Slide 25: Asset Quality
Sy eurobank| Asset Quality | Page 24
Slide 26: NPE stock evolution vs. SSM targets
NPE stock evolution vs. SSM targets 1 Stock evolution vs targets (€ bn) Δ stock NPEs (€ m) Δ stock NPEs (143) (208) (304) actual Initial targets Revised Targets (552) 2016 2017 (1,346) 20.8 20.8 20.6 20.4 20.1 500 464 457 (€0.7bn) 406 259 NPE inflows vs initial target 20.7 20.5 19.6 20.3 19.8 18.8 (
Slide 27: NPEs formation per segment (Greece)
NPEs formation per segment (Greece) Mortgages (€ m) Consumer (€ m) 315 278 100 38 22 35 38 28 0 (9) (22) (7) (2) (5) (15) (90) 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 Small business (€ m) Corporate (€ m) 71 139 51 12 (27) (15) 14 (73) (84) (36) (24) (116) (45)
Slide 28: NPEs metrics (Group)
NPEs metrics (Group) 90dpd bridge to NPEs (€ bn) NPEs per region Provisions & Provisions/ Total NPEs NPEs ratio4 collaterals / NPEs NPEs (€ bn) (%) (%) (%) 0.7 20.1 Consumer 2.6 57.9 78.3 85 3.6 Mortgages 6.2 40.3 35.8 107 15.8 Small Business 4.1 63.4 46.8 98 Total Retail 12.8 49.0 48.0 100 Corporat
Slide 29: Asset quality metrics - 90dpd loans
Asset quality metrics - 90dpd loans 90dpd ratio per segment (%) 90dpd ratio per region (%) €2.3bn €5.0bn €3.7bn €4.8bn €15.8bn 38.0 38.0 37.7 37.9 Greece 52.6 36.3 43.5 35.3 35.5 35.3 35.2 Group 33.4 30.0 18.4 17.9 33.4 26.3 17.7 16.7 14.4 International 4Q16 1Q17 2Q17 3Q17 4Q17 Consumer Mortgages Sm
Slide 30: 90dpd formation per segment (Greece)
90dpd formation per segment (Greece) Mortgages (€ m) Consumer (€ m) 245 221 216 83 72 66 171 54 55 43 41 115 129 118 35 35 36 109 22 94 101 17 16 84 84 82 6 8 72 73 22 31 (12) (9) (20) 8 (39) (32) 2Q13 4Q13 2Q14 4Q14 2Q15 4Q15 2Q16 4Q16 2Q17 4Q17 2Q13 4Q13 2Q14 4Q14 2Q15 4Q15 2Q16 4Q16 2Q17 4Q17 Sma
Slide 31: Real Estate Portfolio (Greece)
Real Estate Portfolio (Greece) Strong pipeline: Repossessions Real Estate Portfolio Sales 134 properties of €22m value already agreed in 2018 # Properties 58 6 255 # Properties 85 241 321 3,6k properties 109 of €0.4bn value Increased repossessions in 2017 Amicable solutions1 introduced: 23 trans
Slide 32: International operations
International operations Page 31
Slide 33: International presence
International presence Total Assets (€ bn) 1.3 Net Loans (€ bn) 0.4 Total Assets (€ bn) 1.4 Deposits (€ bn) 1.1 Net Loans (€ bn) 1.0 Deposits (€ bn) 0.8 Branches (#) 80 Total Assets (€ bn) 4.9 Net Loans (€ bn) 1.5 Total Assets (€ bn) 3.6 Net Loans (€ bn) 2.5 Deposits (€ bn) 4.3 Private Banking 8 Dep
Slide 34: Bulgaria P&L
Bulgaria P&L PPI (€ m) OpEx (€ m) 31 30 30 29 29 21 21 21 21 19 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2Q17 3Q17 4Q17 Loan loss provisions (€ m) Net Profit (€ m) 17 16 15 15 13 13 12 11 10 8 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2Q17 3Q17 4Q17 Page 33
Slide 35: Bulgaria B/S and Asset quality
Bulgaria B/S and Asset quality Gross Loans (€ m) 90dpd ratio and coverage 2,671 2,778 2,770 2,558 2,580 69.1% 362 Consumer 14% 66.5% 64.7% 365 62.8% 64.3% Coverage 359 354 353 863 31% 55% 870 860 862 861 Mortgage 19.5% 18.9% 17.7% 16.5% 14.6% 90dpd FY17 1,452 1,553 1,534 1,341 1,365 Business 4Q16 1Q
Slide 36: Cyprus P&L
Cyprus P&L PPI (€ m) OpEx (€ m) 28 23 20 20 19 8 8 7 7 6 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2Q17 3Q17 4Q17 Loan loss provisions (€ m) Net Profit (€ m) 20 15 14 13 11 5 5 4 3 3 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2Q17 3Q17 4Q17 Romania classified as held for sale. All previous quarters restated accord
Slide 37: Cyprus B/S and Asset quality
Cyprus B/S and Asset quality Gross Loans (€ m) 90dpd ratio and coverage 1,540 1,551 1,525 1,584 1,516 Other 19 17 17 120 8% 87.5% 18 76.3% 75.7% 75.2% 71.0% Coverage 1,522 1,499 1,533 1,507 Business 1,464 92% FY17 6.8% 6.0% 5.9% 6.1% 5.1% 90dpd 4Q16 1Q17 2Q17 3Q17 4Q17 FY16 3M17 6M17 9M17 FY17 Depos
Slide 38: Serbia P&L
Serbia P&L PPI (€ m) OpEx (€ m) 11 11 12 11 11 9 8 8 7 7 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2Q17 3Q17 4Q17 Loan loss provisions (€ m) Net Profit (€ m) 5 4 4 4 3 3 3 3 3 2 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2Q17 3Q17 4Q17 Page 37
Slide 39: Serbia B/S and Asset quality
Serbia B/S and Asset quality Gross Loans (€ m) 90dpd ratio and coverage 70.6% 70.9% 68.8% 963 997 1,015 65.6% Coverage 931 921 62.5% Consumer 279 301 317 246 256 31% 177 171 165 158 Mortgage 53% 175 16.1% 16.4% 16.4% 90dpd 16% 12.0% 10.0% 508 513 531 540 Business 489 FY17 4Q16 1Q17 2Q17 3Q17 4Q17 FY
Slide 40: Key figures – 4Q17
Key figures – 4Q17 Bulgaria Cyprus Serbia Lux Sum Assets 3,649 4,890 1,352 1,301 11,192 Gross loans 2,770 1,584 1,015 427 5,796 Net loans 2,509 1,513 952 426 5,400 Balance Sheet (€m) 90dpd Loans 403 81 102 2 588 Balance Sheet NPE loans 545 99 128 2 774 Deposits 3,098 4,275 811 1,080 9,264 Operating
Slide 41: IFRS 9
IFRS 9 | Page 40
Slide 42: IFRS 9 First Time Adoption (FTA)
IFRS 9 First Time Adoption (FTA) IFRS 9 impact IFRS 9 First Time Adoption (IFRS9 FTA) impact of €1.1bn (before tax), driven by FY 17 Δ Adjusted FY17 Greek lending Provisions stock (€ bn) 10.1 +1.0 11.1 Provisions / NPEs (%) 50.4 +510bps 55.5 Provisions stock over NPEs up by 510bps to 55.5% Phase
Slide 43: Coverage post IFRS9 FTA
Coverage post IFRS9 FTA Stage 2 loans Provisions stock over NPEs 10.7% 55.5% +620bps 4.5% +510bps 4Q17 4Q17 IAS 39 post IFRS9 Stage 3 loans (NPEs) 50.4% 50.5% +290bps 47.6% 4Q17 4Q17 IAS 39 post IFRS9 4Q17 4Q17 IAS 39 post IFRS9 Page 42
Slide 44: Loan book breakdown (Greece)
Loan book breakdown (Greece) Mortgages Consumer IAS 39 IFRS9 IAS 39 IFRS9 PE NPE Δ Coverage PE NPE Δ Coverage Provisions Provisions Provisions Provisions (€ m) (€ m) (€ m) (€ m) (€ m) (%) (€ m) (€ m) (€ m) (€ m) (€ m) (%) Stage 1 5,721 - 57 23 (34) 0.4 Stage 1 1,582 - 40 39 (1) 2.5 Stage 2 3,405 - 9
Slide 45: Capital position
Capital position Phased-in CET11 FLB3 CET12 15.3% (290bps) 15.8% (16bps) (90bps) 12.4% (260bps) (20bps) (10bps) Phased-in period 5 years3 4Q17 pro-forma CET1 IFRS 9 FTA IFRS 9 FTA pro-forma 4Q17 Loans impairment Securities & other DTA deduction in Pro-forma 4Q17 1-year impact 3-year impact excess of
Slide 46: Appendix I – Supplementary information
Appendix I – Supplementary information Page 45
Slide 47: Summary performance
Summary performance Balance sheet – key figures Income statement – key figures €m 4Q17 3Q17 €m 4Q17 3Q17 Gross customer loans 47,242 48,343 Net interest income 373.0 369.3 Provisions (10,134) (11,150) Commission income 69.9 66.8 Net customer loans 37,108 37,192 Operating income 493.7 463.6 Customer
Slide 48: Consolidated quarterly financials
Consolidated quarterly financials Income Statement (€ m) 4Q17 3Q17 2Q17 1Q17 4Q16 Net Interest Income 373.0 369.3 364.4 356.8 373.8 Commission income 69.9 66.8 66.5 64.3 66.0 Other Income 50.7 27.5 34.4 37.9 53.7 Operating Income 493.7 463.6 465.3 459.0 493.5 Operating Expenses (226.3) (223.2) (223.
Slide 49: Consolidated financials
Consolidated financials Income Statement (€ m) FY17 FY16 Δ y-o-y (%) Net Interest Income 1,463.5 1,462.5 0.1 Commission income 267.5 233.7 14.5 Other Income 150.5 210.3 (28.4) Operating Income 1,881.5 1,906.5 (1.3) Operating Expenses (894.3) (902.7) (0.9) Pre-Provision Income 987.2 1,003.8 (1.7) Loa
Slide 50: Appendix II – Macroeconomic update
Appendix II – Macroeconomic update Page 49
Slide 51: Key points and summary of views
Key points and summary of views Recent macro & market developments Real output grew at an annual rate of 1.4% YoY in 2017, the fastest rate in the last decade and the second positive rate after the 0.7% achieved in 2014 Acceleration of fixed investment towards year-end, deceleration of private c
Slide 52: Key macro indicators
Key macro indicators Realizations & forecasts 2016, €bn 2016 2017* 2018** Real Real (nominal) Real (YoY%) (YoY%) (YoY%) GDP 174.2 -0.2 1.4 2.5 Private Consumption 121.7 0.0 0.1 1.2 Government Consumption 35.2 -1.5 -1.1 0.2 Gross Fixed Capital Formation 20.5 1.6 9.6 11.4 Exports 53.1 -1.8 6.8 4.6 Imp
Slide 53: Economic activity is recovering following the mid-2015 crisis
Economic activity is recovering following the mid-2015 crisis Gross Domestic Product Private Consumption Government Consumption Investment Exports of Goods & Services Imports of Goods & Services Source: ELSTAT, Eurobank Research Page 52
Slide 54: Selected indicators of domestic economic activity
Selected indicators of domestic economic activity Higher frequency data point to improving GDP dynamics in the period ahead Economic Sentiment Indicator: hits 43 month high in Feb-18 PMI manufacturing: above 50 units boom bust threshold for a 9th month in a row Industrial production: growth decelera
Slide 55: Domestic labour market
Domestic labour market Conditions improving lately, but serious challenges remain Unemployment rate: still elevated despite recent declines Long term unemployment: a drain on human capital stock 20.9% in Nov- 17 Labour productivity growth: remained stagnant in 2017Q3 Employment: positive contributio
Slide 56: Current account balance slightly improves in 2017
Current account balance slightly improves in 2017 (+0.3 ppts of GDP) BN € Current Prices Current account deficit decreased on a YoY basis by -6.8% of €0.4 bn or 0.3 ppts of GDP in 2017 GDP -0.8% of A good tourism season and a rebound in exports of GDP transportation services led to an increase i
Slide 57: 2018 Budget: attainability of 2017 & 2018 primary balances
2018 Budget: attainability of 2017 & 2018 primary balances 2017 marks the 5th consecutive year of a surplus position in the general government primary balance Estimates in the 2018 Budget: • FY-2016 primary surplus at 3.8% of GDP vs. a 0.5% target and FY-2016 gross public debt at 180.8% of GDP.
Slide 58: Fiscal accounts: expectations for fulfilling FY-2017 targets
Fiscal accounts: expectations for fulfilling FY-2017 targets Year-to-December 2017 State budget execution supports attainability of full-year primary surplus target of 2.44% of GDP. • The aforementioned figure incorporates the social dividend of €1.4bn (0.8% of GDP) that was granted at the end of
Slide 59: Domestic financial conditions: gradual improvement underway
Domestic financial conditions: gradual improvement underway Further stabilization of macro environment to facilitate return of bank deposits and relaxation of CCs 1. Private-sector deposit inflow of c. €5.0 bn in 2017 2. Cash outside the Greek banking system as % of GDP: c. 20.1 in Dec. 2017 vs. 1
Slide 60: Real Estate prices: Rate of change still on a negative territory
Real Estate prices: Rate of change still on a negative territory According to the Bank of Greece, residential prices began decreasing in 2009 and these decreases continued until 2017:Q3. 1. Downward index trend mainly due to the contraction of disposable income, the increase of unemployment, limit
Slide 61: Important recent domestic developments
Important recent domestic developments Eurogroup Working Group verified completion of all prior actions of 3rd review; EUR 5.7 billion loan sub-tranche to be disbursed in the 2nd half of March 2018. First round of talks for 4th programme review, which includes 88 prior actions, concluded. Tech
Slide 62: Progress in the privatisations programme
Progress in the privatisations programme Important projects already completed Establishment of the Hellenic Corporation of Assets and Participations S.A. (HCAP); appointment of Supervisory Board and Board of Directors Concession of the 14 Regional Airports Privatisations revenue (2015-2018, € bi
Slide 63: Key prior actions for the 4th programme review and timeline
Key prior actions for the 4th programme review and timeline Key prior actions for the 4th programme review NPLs: accelerate operation of e-auctions platform, review and amend household insolvency and OCW framework if necessary Pensions: recalculate and process pension applications, recalibrate p
Slide 64: Appendix III – Glossary
Appendix III – Glossary Page 63
Slide 65: Glossary - Methodology
Glossary - Methodology 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 Financial Reporting Standards (IFRS). Additional sources used, include information derived
Slide 66: Glossary – Definition of Financial measures / ratios
Glossary – Definition of Financial measures / ratios Commission income: The total of Net banking fee and commission income and Income from non banking services of the reported period. Other Income: The total of Dividend income, Net trading income, Gains less losses from investment securities and net
Slide 67: Glossary – Definition of Financial measures / ratios
Glossary – Definition of Financial measures / ratios Cost of Risk: Impairment losses on Loans and Advances charged in the reported period, annualized and divided by the average balance of Loans and Advances to Customers. The average balance of Loans and Advances to Customers is calculated as the ari
Slide 68: Glossary – Definition of Financial measures / ratios
Glossary – Definition of Financial measures / ratios Loans to Deposits: Loans and Advances to Customers (net of Impairment Allowance) divided by Due to Customers at the end of the reported period. Risk-weighted assets (RWAs): Risk-weighted assets are the bank's assets and off-balance-sheet exposures
Slide 69: Investor Relations contacts
Investor Relations contacts Dimitris Nikolos +30 210 3704 764 E-mail: dnikolos@eurobank.gr Yannis Chalaris +30 210 3704 744 E-mail: ychalaris@eurobank.gr Christos Stylios +30 210 3704 745 E-mail: cstylios@eurobank.gr E-mail: investor_relations@eurobank.gr Fax: +30 210 3704 774 Internet: www.eurobank