Eurobank S.a. · ATHEX:EUROB
Eurobank — Q1 2018 Earnings Presentation
69 slides from Eurobank's earnings presentation, May 30, 2018
Slide 1: First Quarter 2018 Results
First Quarter 2018 Results 30 May 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 1Q18 results 3 1Q18 results review 10 Asset Quality 17 International operations 26 Appendix I – ECB 2018 Stress Test 35 Appendix II – Supplementary information 45 Appendix III – Macroeconomic update 49 Appendix IV – Glossary 63 Page 2
Slide 4: 1Q 2018 results
Sy eurobank| 1Q 2018 results | Page 3
Slide 5: 1Q18 results highlights and key financials
1Q18 results1 Highlights Key financials €m 1Q18 4Q17 Δ(%) 1Q18 1Q17 Δ(%) 1 Net profit2 €57m in 1Q18 Net interest income 354.8 372.9 (4.8) 354.8 356.9 (0.6) Core pre-provision income (PPI) at €200m, stable y-o-y; down 7.6% q-o-q Commission income 64.0 69.9 (8.4) 64.0 64.3 (0.3) NII stable y-o-y;
Slide 6: Pre-provision income (PPI)
Pre-provision income (PPI) Core PPI and other income (€ m) Δ PPI (€ m) 38 34 28 51 33 Other income 208 213 217 200 Core PPI 199 267 7 233 (18) (6) (18) 1Q17 2Q17 3Q17 4Q17 1Q18 PPI per region (€ m) 267 237 242 240 Δ ΝΙΙ 4Q17 PPI 1Q18 PPI Δ other income Δ commission income 233 Δ opex 61 60 71 65 59 I
Slide 7: Asset quality
Asset quality NPEs formation1 (€ m) 90dpd formation1 (€ m) 150 85 (71) (196) (111) Int'l 26 18 30 (15) (12) Int'l (194) Greece (210) Greece (311) (153) 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18 NPEs ratio and Provisions / NPEs (%) Loan loss provisions (€ m) 2.0% 2.0% 1.9% 2.2% 1.9% Cost of R
Slide 8: Funding and liquidity
Funding and liquidity Eurosystem funding (€ bn) Highlights 32.7 Current Eurosystem funding at €5.2bn; €4.8bn down from December 2017 9.8 Current ELA funding at €3.9bn; €4.0bn down from December 2017 13.8 Group deposits up by €1.4bn q-o-q; Greece up €1.3bn 2.6 11.1 10.0 (48%) 22.9 Over 90% of
Slide 9: Capital position
Capital position1 CET1 CET1 / CAD 270bps 17.8% 15.8% 10bps 40bps 15.5% 15.1% 270bps 15.1% (30bps) (50bps) 12.0% 4Q17 CET1 1Q18 CET1 post 1Q18 result 1Q18 CET1 transitional AFS & other 2 1Q18 FLB3 IFRS 9 Transitional 1Q18 CET1 Tier I & II Total CAD transitional rules FY18 CET1 impact phase-out rules
Slide 10: International Operations
International Operations Core PPI (€ m) Net Profit1 (€ m) 37 32 33 33 59 61 62 59 55 27 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18 Loan loss provisions (€ m) Net Loans and Deposits (€ bn) 1.8% 1.8% 1.6% 1.4% 1.2% Cost of Risk 9.4 23 24 23 20 17 5.7 4.3 3.2 2.5 1.5 1.1 0.9 0.9 0.4 Int'l BUL SE
Slide 11: 1Q 2018 results review
1Q 2018 results review Page 10
Slide 12: Loans and deposits
Loans and deposits Gross loans (€ bn) Deposits (€ bn) Δ loans l-f-l1 (€m) 3 144 104 117.6% 116.4% 112.0% 109.6% 102.2% 48.7 48.8 48.3 47.2 Loans/Deposits 47.0 6.0 6.3 6.4 International 6.4 6.4 35.3 33.2 33.8 Greece 32.3 31.8 9.4 8.9 9.3 International 21.4 21.5 21.2 Business 8.6 8.9 21.1 21.0 Mortgag
Slide 13: Assets
Assets Total assets (€ bn) Gross Loans Consumer 11% Business 54% Mortgages 58.5 35% Net loans and advances to customers Securities 36.1 Trading & other 15% Securities 7.1 GGBs 40% PP&E, intangibles and other assets 4.8 Derivatives 1.7 Loans and advances to banks 2.0 Other Deferred tax asset1 4.9 gov
Slide 14: Spreads & net interest margin
Spreads & net interest margin Lending spreads (Greece, bps)1 Deposit spreads (Greece, bps) Performing 1Q17 2Q17 3Q17 4Q17 1Q18 Corporate 486 471 468 451 454 1Q17 2Q17 3Q17 4Q17 1Q18 Retail 389 397 384 388 384 Consumer 1,044 1,043 1,006 984 993 Savings & Sight (51) (49) (50) (51) (50) SBB 530 542 506
Slide 15: Net interest income
Net interest income NII breakdown (€ m) NII evolution (q-o-q, € m) Total NII 357 364 369 373 355 o/w Greece 274 281 286 289 274 o/w International 83 84 83 84 81 - - - 2 - 4 8 (2) 374 373 (7) (3) Loan margin (12) 355 420 425 426 426 409 (7) Bonds & other 55 56 55 55 57 Money market & Repos (22) (23)
Slide 16: Commission income
Commission income Commission income breakdown (€ m) Commission income per region (€ m) 67 67 70 45bps over assets 70 64 67 67 64 64 64 18 16 18 17 21 18 Lending 20 22 23 21 Int’l 31 34 33 30 28 Network 49 Greece 44 44 43 43 8 8 9 8 5 Capital Markets 9 11 10 10 Mutual funds 8 3 Rental & other income
Slide 17: Operating expenses
Operating expenses OpEx per region (€ m) OpEx breakdown (€ m) Greece (3.3%) 222 (1.3%) 219 222 223 223 226 219 15 16 Depreciation 44 45 45 46 47 International 81 80 Administrative 178 178 179 181 172 Greece Staff 126 123 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 1Q18 Cost-to-income ratio (%) Headcount and netwo
Slide 18: Asset Quality
Sy eurobank| Asset Quality | Page 17
Slide 19: 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 (208) (304) (309) Actual Targets (552) (1,346) 464 406 457 20.6 20.4 259 250 NPE inflows 19.6 20.3 (416) (364) NPE outflows 19.8 (569) (478) (463) 19.4 18.4 18.1 (102) (124) (128) Cash Payments (1
Slide 20: NPEs formation per segment (Greece)
NPEs formation per segment (Greece) Mortgages (€ m) Consumer (€ m) 315 278 100 38 22 35 38 28 0 7 (9) (22) (7) (2) (5) (15) (90) (80) 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Small business (€ m) Corporate (€ m) 71 139 51 12 (27) (15) 14 (73) (84) (55
Slide 21: 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 19.6 Consumer 2.6 58.7 87.2 93 3.4 Mortgages 6.1 40.1 41.2 112 15.6 Small Business 4.0 62.6 54.6 106 Total Retail 12.7 48.8 54.9 106 Corpora
Slide 22: Loans' stage analysis (Group)
Loans’ stage analysis (Group) Loans’ stage breakdown Provisions stock over NPEs 56.1% (€ bn) 4Q171 1Q18 Δ 55.5% Stage 1 19.5 19.8 0.3 Stage 2 7.6 7.6 0.0 50.5% Stage 3 (NPEs) 20.0 19.6 (0.4) Total 47.1 47.0 (0.1) 4Q171 4Q17 post IFRS91 1Q18 Stage 2 loans coverage Stage 3 loans coverage (NPEs) 10.7%
Slide 23: Asset quality metrics - 90dpd loans
Asset quality metrics - 90dpd loans 90dpd ratio per segment (%) 90dpd ratio per region (%) €2.3bn €4.9bn €3.6bn €4.8bn €15.6bn 38.0 37.9 38.0 Greece 52.1 36.3 36.3 43.7 35.5 35.3 35.2 Group 33.2 29.7 17.9 33.4 26.1 17.7 33.2 16.7 14.4 13.1 International 1Q17 2Q17 3Q17 4Q17 1Q18 Consumer Mortgages Sm
Slide 24: 90dpd formation per segment (Greece)
90dpd formation per segment (Greece) Mortgages (€ m) Consumer (€ m) 245 221 216 83 72 66 171 43 55 41 129 118 35 35 36 109 22 94 84 84 73 82 101 17 72 6 8 16 22 31 (1) 8 (9) (12) (20) (39) (32) (62) 3Q13 1Q14 3Q14 1Q15 3Q15 1Q16 3Q16 1Q17 3Q17 1Q18 3Q13 1Q14 3Q14 1Q15 3Q15 1Q16 3Q16 1Q17 3Q17 1Q18 S
Slide 25: Real Estate Portfolio (Greece)
Real Estate Portfolio (Greece) Strong pipeline: Repossessions Real Estate Portfolio Sales 295 properties of €44m value already agreed in 2018 3,6k properties of €0.4bn value - 53 157 50 273 # Properties # Properties 71 66 78 106 66 61 41 33 17 8 10 11 8 0 4 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q
Slide 26: Property Auctions progress
Property Auctions progress Property auctions breakdown Conducted auctions breakdown (Jan-mid May 2018) # of 2,579 406 1,043 properties 10% 15% 3rd parties 1% acquisitions, 25% 13% 55% 628 properties 84% 65% 29% Aquired by the Bank, 87% 16% 2017 1/1-21/02/18 28/02-Mid May 2018 Suspended/Cancelled Bar
Slide 27: International operations
International operations Page 26
Slide 28: 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) 0.9 Deposits (€ bn) 0.9 Branches (#) 80 Total Assets (€ bn) 4.9 Net Loans (€ bn) 1.5 Total Assets (€ bn) 3.7 Net Loans (€ bn) 2.5 Deposits (€ bn) 4.3 Private Banking 8 Dep
Slide 29: Bulgaria P&L
Bulgaria P&L PPI (€ m) OpEx (€ m) 29 29 30 30 27 21 21 21 21 22 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18 Loan loss provisions (€ m) Net Profit (€ m) 16 15 15 13 13 14 11 12 10 10 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18 Page 28
Slide 30: Bulgaria B/S and Asset quality
Bulgaria B/S and Asset quality Gross Loans (€ m) 90dpd ratio and Provisions / 90dpd 2,778 2,770 2,843 2,671 2,580 373 77.2% 362 365 Consumer Provisions / 359 69.1% 353 64.3% 66.5% 64.7% 90dpd 863 870 877 860 861 Mortgage 18.9% 17.7% 16.5% 14.1% 90dpd 14.6% 1,452 1,553 1,534 1,593 1,365 Business 1Q17
Slide 31: Cyprus P&L
Cyprus P&L PPI (€ m) OpEx (€ m) 28 20 20 20 19 8 8 7 7 8 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18 Loan loss provisions (€ m) Net Profit (€ m) 20 14 14 13 11 5 5 3 3 2 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18 Romania classified as held for sale. All previous quarters restated accord
Slide 32: Cyprus B/S and Asset quality
Cyprus B/S and Asset quality Gross Loans (€ m) 90dpd ratio and Provisions / 90dpd 1,551 1,584 1,611 1,516 1,525 Other 89.2% 17 120 122 87.5% Provisions / 17 18 75.2% 90dpd 71.0% 75.7% 1,499 1,533 1,507 1,490 Business 1,464 6.0% 5.9% 6.1% 5.1% 5.0% 90dpd 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1
Slide 33: Serbia P&L
Serbia P&L PPI (€ m) OpEx (€ m) 11 11 12 11 11 9 8 7 8 7 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18 Loan loss provisions (€ m) Net Profit (€ m) 5 4 4 4 3 3 3 3 2 2 1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18 Page 32
Slide 34: Serbia B/S and Asset quality
Serbia B/S and Asset quality Gross Loans (€ m) 90dpd ratio and Provisions / 90dpd 75.0% Provisions / 963 997 1,015 1,008 70.9% 921 68.8% 65.6% 90dpd 62.5% Consumer 279 301 317 330 256 171 165 158 156 Mortgage 175 16.4% 16.4% 540 Business 12.0% 10.0% 8.3% 489 513 531 522 90dpd 1Q17 2Q17 3Q17 4Q17 1Q1
Slide 35: Key figures – 1Q18
Key figures – 1Q18 Bulgaria Cyprus Serbia Lux Sum Assets 3,678 4,924 1,381 1,301 11,284 Gross loans 2,843 1,611 1,008 429 5,891 Net loans 2,533 1,541 947 428 5,449 Balance Sheet (€m) 90dpd Loans 401 81 83 2 567 Balance Sheet NPE loans 538 99 110 2 749 Deposits 3,156 4,313 852 1,076 9,397 Operating I
Slide 36: Appendix I – ECB 2018 Stress Test
Appendix I – ECB 2018 Stress Test Page 35
Slide 37: Highlights: ECB stress test completed
Highlights ECB stress test completed, points to no capital shortfall and no capital plan needed as a result of the exercise Adverse scenario leads to CAD of 9.5%, including the effect of Tier 2 securities issued in January 2018 and CET1 of 6.8% These ratios would be ca. 40bps higher at 9.9% an
Slide 38: Stress Test – approach overview
Stress Test – approach overview Approach Macroeconomic assumptions (Greece) Stress Test (ST) according to EBA methodology, using a static balance Variable Baseline Scenario Adverse Scenario sheet approach (31/12/2017) and adjusted for the introduction of IFRS9 (%) 2018 2019 2020 Cum. 2018 2019 202
Slide 39: ST2018 vs ST2015 Adverse scenario (Greece)
ST2018 vs ST2015 Adverse scenario (Greece) Adverse Real GDP growth Unemployment Rate Stress Test assumptions YEAR 1 YEAR 2 YEAR 3 3YRS + Milder macro assumptions in 2018ST: 0.3% 0.2% YEAR 1 YEAR 2 YEAR 3 • GDP growth, • unemployment, • residential price indexation 27.3% 28.1% 27.5% -1.3% -2.1% -3.3%
Slide 40: Stress Test Results
Stress Test Results CET1 Baseline & Adverse Scenarios Impact +140bps (870bps) 17.9% 16.2% 16.6% 15.4% 15.8% Adverse Baseline (250bps) prefs 9.7% Romania disposal c.40bps 8.0% 6.8% 7.2% 1 2020 Pro- 2017 CET1 2017 CET1 2018 2019 2020 forma CET1 CAD ratio Baseline & Adverse Scenarios 18.8% 19.3% 18.4%
Slide 41: Adverse scenario cumulative impact on CET1 ratio
Adverse scenario cumulative impact on CET1 ratio (2018-2020) (870bps) 180bps 830bps 17.9% (715bps) 15.4% (250bps) (870bps) (40bps) (30bps) 40bps (70bps) 6.8% 7.2% (90bps) (40bps) (10bps) 1 2 2017 CET1 2017 CET1 NII OpEx 2020 CET1 impairments IFRS9 2019-2020 Non-interest OpRisk Losses other RWAs impa
Slide 42: ST Results | Group Asset Quality
ST Results | Group Asset Quality NPE gross inflows (€ bn) NPE ratio (%)1 5.2 51.7% 2.0 48.8% 1.8 45.1% 3.5 48.2% 41.0% 46.4% 1.6 44.3% 1.4 1.0 0.9 2018 2019 2020 2018-2020 2017 2018 2019 2020 New NPEs Base Adverse Base Adverse Provision stock (Adverse scenario, € bn) Adverse scenario, provisions / N
Slide 43: ST Results | NPEs evolution (Adverse scenario, Greece)
ST Results | NPEs evolution (Adverse scenario, Greece, € bn) +€4.5bn 23.5 22.3 NPEs Greece (ST - Adverse 20.8 scenario) 19.0 18.1 (€10.2bn) 15.6 NPEs SSM perimeter (Reduction targets) (€6.0bn) 12.1 2017 2018 2019 2020 Page 42
Slide 44: ST Results | Income statement
ST Results | Income statement Cumulative NII (€ m) Cumulative PPI (€m) 2,921 (62%) 4,390 (28%) 4,138 2,251 3,154 1,108 2017 x 3 3yr 3yr 2017 x 3 3yr Base 3yr Adverse Base Adverse Cumulative P&L Provision charge (€ m) Key assumptions Cumulative NII lower by c.6% in base and 28% in adverse scenario
Slide 45: ST Results | Group P&L
ST Results | Group P&L Group (€m) Starting Baseline Adverse Δ vs 2017x3 3YrBase – 3YrAdv – P&L 2017 2017 x 3 2018 2019 2020 3Y 2018 2019 2020 3Y 2017x3 2017x3 Net Interest Income 1.463 4.390 1.375 1.386 1.378 +4.138 1.075 1.048 1.032 +3.154 -252 -1.236 o/w NII - Greece 1.129 3.388 - - - - - - - - -
Slide 46: Appendix II – Supplementary information
Appendix II – Supplementary information Page 45
Slide 47: Summary performance
Summary performance Balance sheet – key figures Income statement – key figures €m 1Q18 4Q17 €m 1Q18 4Q17 Gross customer loans 47,046 47,242 Net interest income 354.8 372.9 Provisions (10,952) (10,134) Commission income 64.0 69.9 Net customer loans 36,094 37,108 Operating income 451.5 493.6 Customer
Slide 48: Consolidated quarterly financials
Consolidated quarterly financials Income Statement (€ m) 1Q18 4Q17 3Q17 2Q17 1Q17 Net Interest Income 354.8 372.9 369.3 364.4 356.8 Commission income 64.0 69.9 66.8 66.5 64.3 Other Income 32.6 50.7 27.5 34.4 37.9 Operating Income 451.5 493.6 463.6 465.3 459.0 Operating Expenses (218.9) (226.3) (223.
Slide 49: Consolidated financials
Consolidated financials Income Statement (€ m) 1Q18 1Q17 Δ y-o-y (%) Net Interest Income 354.8 356.8 (0.6) Commission income 64.0 64.3 (0.3) Other Income 32.6 37.9 (13.9) Operating Income 451.5 459.0 (1.6) Operating Expenses (218.9) (221.8) (1.3) Pre-Provision Income 232.6 237.2 (2.0) Loan Loss Prov
Slide 50: Appendix III – Macroeconomic update
Appendix III – 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% 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 consu
Slide 52: Key macro indicators: realizations & forecasts
Key macro indicators Realizations & forecasts 2017, €bn* 2017* 2018** 2019** (nominal) Real (YoY%) Real (YoY%) Real (YoY%) GDP 177.7 1.4 1.9 2.3 Private Consumption 123.3 0.1 0.5 0.9 Government Consumption 35.5 -1.1 1.2 0.4 Gross Fixed Capital Formation 22.5 9.6 10.3 12.1 Exports 59.0 6.8 5.7 4.6 Im
Slide 53: 2017: highest growth rate of the last decade for the Greek economy
2017: highest growth rate of the last decade for the Greek economy Fixed and inventory investment the main drivers Contribution to real GDP growth in ppts Source: ELSTAT, Eurobank Research Page 52
Slide 54: Selected indicators of domestic economic activity
Selected indicators of domestic economic activity The overall trend remains positive Economic Sentiment Indicator: on an upward trend despite the recent variability PMI manufacturing: the rate of improvement (11th month in a row) decelerates Industrial production: deceleration continues in 2018Q1 Re
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 27.9% in Jul-13 4 Months Moving Average Long Term Unemployment: > 12 Months 20.8% in Feb-18 Labour produc
Slide 56: Current account balance
Current account balance Slightly improves in 2017 (+0.3 ppts of GDP) BN € Current Prices Current account: deficit of €1.4bn or -0.8% of GDP in 2017, improved by €0.5bn or 0.3ppts of GDP on a YoY basis -0.8% of GDP Increase in the services balance by €2.1bn YoY due to a good tourism season and a re
Slide 57: 2018 Budget: Attainability of 2018 primary balance
2018 Budget Attainability of 2018 primary balance 2017 marks the 4th year out of 5 consecutive years of with a surplus position in the general government primary balance (in 2014 the primary balance was zero). FY-2017 primary surplus at 4.2% of GDP vs. a 1.75% target and FY-2017 gross public deb
Slide 58: Fiscal accounts
Fiscal accounts Expectations for fulfilling 2018 Budget execution & arrears clearance Year-to-April 2018 budget execution data on a good starting basis for the achievement of the 2018 fiscal targets: o Primary surplus at €2.3 bn against a target €0.3 bn (revenues increased by €1.2 bn & expenditure
Slide 59: Domestic financial conditions
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, March-2018 yoy increase of 5.8%. 2. Cash outside the Greek banking system in Apr
Slide 60: Real Estate prices: rate of change still negative
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 Staff Level Agreement on 4th programme review to be ratified at 24 May Eurogroup. ECB stress tests for Greek systemic banks produced positive results for the stability of the Greek banking system. ESM disbursed €5.7 billion loan sub-tranche in March 2018.
Slide 62: Progress in the privatisations programme
Progress in the privatisations programme Important developments Establishment of the Hellenic Corporation of Assets and Participations S.A. (HCAP) Privatisations revenue (2015-2018, € billion) Concession of 14 Regional Airports (€2,150 million) Privatisation of OLP (€368.5 million) Privatisa
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 IV – Glossary
Appendix IV – Glossary Page 63
Slide 65: Glossary – Definition of Financial measures / ratios
Glossary – Definition of 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 Financial Reporting Standards (IFRS). Additional sources used
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 oth
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 at amortized cost(the arithmetic average of Loans and Advances to Customers at a
Slide 68: Glossary – Definition of Financial measures / ratios
Glossary – Definition of Financial measures / ratios Risk-weighted assets (RWAs): Risk-weighted assets are the Group's assets and off-balance-sheet exposures, weighted according to risk factors based on Regulation (EU) No 575/2013, taking into account credit, market and operational risk. Phased in C
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