Erste Group Bank Ag · VIE:EBS
Erste Group Bank — H1 2021 Earnings Presentation
7 slides from Erste Group Bank's earnings presentation, Jul 30, 2021
Slide 1: Press briefing H1 2021 results presentation
Press briefing H1 2021 results presentation Bernd Spalt CEO | Stefan Dörfler CFO 30 July 2021
Slide 2: Strong operating income on improved fees and trading results
Strong operating income on improved fees and trading results Operating income (EUR mn) Operating expenses (EUR mn) +9.2% 3,791 3,472 116 109 - 0.6% 9 127 957 1,099 2,115 2,103 266 273 583 581 2,397 2,449 1,265 1,249 1-6 2020 1-6 2021 1-6 2020 1-6 2021 Net interest income Net fee and commission Perso
Slide 3: Risk costs sharply lower following front-loading in 2020
Risk costs sharply lower following front-loading in 2020 Risk costs (EUR mn) NPL coverage (in %) NPL ratio (in %) 43 1-6 2020 1-6 2021 1-6 2019* -83 91.4 -675 88.6 2.7 2.5 Dec 2020 Jun 2021 Dec 2020 Jun 2021 *Net release of risk provisions
Slide 4: Net profit up sharply on strong operating income and lower risk costs
Net up sharply on strong operating income and lower risk costs YoY net profit reconciliation (EUR mn) + 213 % 592 2 147 918 154 12 319 294 1-6 2020 Operating Operating Risk costs Other result Taxes on Minorities 1-6 2021 income expenses income
Slide 5: Capital position remains strong in 2021
Capital position remains strong in 2021 Common equity tier one (CET1) capital ratio (CRR, final) 14.2% 14.2% 13.5% 13.7% 12.0% 12.8% 12.9% 11.2% 11.4% 9.4% 10.6% 8.3% 9.2% Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Jun 2021
Slide 6: CEE macro recovery is in full swing
CEE macro recovery is in full swing Strong GDP growth rates across region -5.8% I +3.7% • EU Recovery Fund estimated to increase GDP levels in 2026 by between 1.2% (CZ) and 2.9% (RO) -4.8% I +4.2% -6.3% I +3.8% -5.0% I +6.9% -3.9% I +6.7% -8.0% I +5.0% -1.0% I +6.0% Real GPD 2020e I 2021f
Slide 7: 2021: a year driven by upturn and change
2021: a year driven by upturn and change Growth rate in operating Risk costs in 2021 Loan growth rate in mid income set to continue expected to be max. single digits, with upside outpacing that for 30bps of gross customer potential operating expenses loans; NPL ratio seen below 3% EUR 1/share catch-