THE RESOURCES WE HAVE
- solid equity position
- balanced funding mix
- long-term financial stability
COMMUNITY IMPACTS
- support the economy's recovery
- employees remuneration
- significantly increase shareholder returns
Financial Capital
Financial resources obtained from external providers and generated by our bank's activity, that are used to support clients' business and bank operations for the medium-long term.1
1. Financial data corresponds to information in our 2021 Annual Reports and Accounts. When not applicable, management data is used. For additional information on Group results, refer to the 2021 Annual Reports and Accounts and to the Presentation on 2021 preliminary results available on the investors section of the Group website. Refer to Our Strategy chapter for more information.
Chief Financial Officer
We are expecting growth in all our countries.
Financial Capital Highlights
37bps
Cost of risk in 2021
€1bn
1 Green Bond issued
€155m
1 Social Bond issued
How we do the right thing
HOW WE CONTRIBUTE TO A MORE SUSTAINABLE WORLD
- support to clients' green transition
- significant contribution to the origination of sustainable bonds and sustainable finance overall
Results and targets
2021 RESULTS
€bn
Net Profit A
%
RoTE
€bn
shareholder distribution B
%
CET1 ratio
TARGETS
>€bn
Net profit by 2024
c.%
RoTE (by 2024)
≥€bn
shareholder distribution B 2021-2024
12.5%-13%
CET 1 ratio by 2024
A. Underlying net profit (i.e. stated net profit adjusted for non-operating items), adjusted for AT1, CASHES and DTA from tax loss carry forward contribution.
B. Share buyback plus cash dividends cumulative (o/w c ash payout ratio for 2022 is expected at 35%). Shareholder distribution subject to Annual General Meeting and Supervisory Authorities approval.