2Q22 Earnings presentation

July 27th 2022

Agenda

  1. Key highlights
  2. Business activity
  3. Financial results
  4. Asset quality
  5. Solvency & balance sheet

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1

Key highlights

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Key Highlights

Business

▪ IT integration completed in the quarter, less than a year after the merger was closed

▪ Loan book grows over the last year while customer funds remain flat despite market turmoil

activity

▪ Agreement reached on life insurance business with Santa Lucía as the new sole partner

Mortgage loan book

Consumer loan book

Customer funds

+1.8% YoY

+1.8% YoY -0.1%YoY

  • NII increases in the quarter on the back of loan book and ALCO repricing
  • Fee income maintains good momentum despite market volatility on the back of strong retail

Profitability activity

  • OPEX Restructuring keeps moving forward with branches decreasing by 11% QoQ and employees by 5% QoQ

Net Interest income

Fee income

Operating expenses

+14% QoQ

+13% YoY

-9%YoY

▪

Cost of risk down in the quarter to 27bps

NPL Ratio (%)

Asset quality

▪

NPLs flattish and foreclosed assets down 7% QoQ

▪

NPA ratio down to 6.7%, 32bps in the quarter, with a coverage ratio of 64%

NPL Coverage (%)

3.5%

65%

▪

CET 1 FL of 12.8% as of June 2022(1), 20 bps higher than last quarter despite market volatility

CET 1 FL excess (2)

€1.6bn

Solvency

and migration of equity portfolio to IRB

▪

Dividend accrual of 50% of 1H22 net income

TBV

+5% QoQ

(1) Capital ratios include the net income pending approval from the ECB to be incorporated in the ratios and deducts accrued dividends (2) Applying P2R (CRD IV) flexibility, art.

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104

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Business activity

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UNICAJA Banco SA published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 05:41:05 UTC.