eur 10 billion mortgage pandbrieven programme reporting …...weighted average original loan to...

EUR 10 Billion Mortgage Pandbrieven Programme

Reporting Date :

Contact Details :

Reporting Date: 31/01/2018

Date of Previous Report: 29/12/2017

Head of Treasury

Jean-François Deschamps +3222226941 [email protected]

Long Term Funding (new issues and investor contact)

Ellen Van Steen +3222227064 [email protected] 1Christine Lepage +3222227028 [email protected] 2

Asset Based Solutions (cover pool and programme management)

Bart Verwaest +3222227083 [email protected] 1Siemon Van Brempt +3222227011 [email protected] 2Peter Degroote +3222227122 [email protected] 3

https://www.belfius.com/EN/debt-issuance/Belgian-mortgage-pandbrieven-programme/index.aspx

The investor report is provided in pdf and excel-format.

The excel-format has been provided for information purposes only and in case

of contradiction between the pdf and excel-format, the pdf-format will prevail.

Noteholders' Representative

Stichting Belfius Mortgage Pandbrieven Noteholders' Representative 1Prins Bernhardplein 200 21097 JB Amsterdam 3The Netherlands 4

Website :

Remark :

1Belfius Mortgage Pandbrieven Programme - Investor Report

Outstanding Series

Series ISIN CurrencyOutstanding

Amount Issue DateMaturity

DateCoupon

Type Coupon Day CountNext Interest

Payment DateExtended

Maturity DateRemaining

Average Life *2 BE0002421932 EUR 30,000,000 18/12/2012 18/12/2034 Fixed 3.000% ACT/ACT 18/12/2018 18/12/2035 16.89

3 BE0002422948 EUR 30,000,000 18/12/2012 18/12/2034 Fixed 2.950% ACT/ACT 18/12/2018 18/12/2035 16.89


































Belfius Mortgage Pandbrieven Programme - Investor Report 2

Series ISIN CurrencyOutstanding

Amount Issue DateMaturity

DateCoupon

Type Coupon Day CountNext Interest

Payment DateExtended

Maturity DateRemaining

Average Life *37 BE6261019572 EUR 2,000,000 09/12/2013 09/12/2036 Fixed 2.995% ACT/ACT 10/12/2018 09/12/2037 18.87























60 BE0002483585 EUR 1,000,000,000 10/02/2015 10/02/2025 Fixed 0.750% ACT/ACT 12/02/2018 10/02/2026 7.04








TotalsTotal Outstanding (in EUR) : 4,890,000,000

Current Weighted Average Fixed Coupon : 1.460%

* At the Reporting Date until Maturity Date


Weighted Average Remaining Average Life : * 6.29

* At the Reporting Date until Maturity Date


Belfius Bank Senior Unsecured RatingsLong Term Rating Outlook

Standard and Poor's A- Stable

Moody's A2 Positive

Fitch A- Stable

Short Term Rating

A-2

P-1

F2

Belfius Mortgage Pandbrieven Ratings

Rating OutlookStandard and Poor's AAA StableFitch AAA Stable


Test Summary

(all amounts in EUR unless stated otherwise)

1. Outstanding Mortgage Pandbrieven and Cover Assets

Outstanding Mortgage Pandbrieven: 4,890,000,000 (i)

Nominal Balance Residential Mortgage Loans 5,856,748,807 (ii)

Nominal Balance Public Finance Exposures 84,000,000 (iii)

Nominal Balance Financial Institution Exposures 0 (iv)

Nominal OC Level [(ii)+(iii)+(iv)]/(i) - 1 21.49%

2. Residential Mortgage Loans Cover Test

Value of the Residential Mortgage Loans (as defined in Royal Decree Article 6 § 2): 5,669,561,979 (v)

RatioValue of the Residential Mortgage Loans / Mortgage Pandbrieven Issued (v)/(i): 115.94%

--> Cover Test Royal Decree Article 5 § 1 (> 85%) Pass

--> Issue Covenant (iv) Prospectus (> 105%) Pass

3. Total Asset Cover Test

Value of Public Finance Exposures (definition Royal Decree): 86,542,765 (vi)

Value of Financial Institution Exposures (definition Royal Decree): 0 (vii)

Ratio Value of all Cover Assets / Mortgage Pandbrieven Issued [(v)+(vi)+(vii))]/(i): 117.71%

--> Cover Test Royal Decree Article 5 § 2 Pass

Interest Proceeds Cover Assets: 896,425,204 (viii)

Total Interest Proceeds Residential Mortgage Loans: 881,725,204

Total Interest Proceeds Public Finance Exposures: 14,700,000

Total Interest Proceeds Financial Institution Exposures: 0

Impact Derivatives: 0

4. Interest and Principal Coverage Test

Principal Proceeds Cover Assets: 5,940,748,807 (ix)

Total Principal Proceeds Residential Mortgage Loans: 5,856,748,807

Total Principal Proceeds Public Finance Exposures: 84,000,000

Total Prinicipal Proceeds Financial Institution Exposures: 0

Impact Derivatives: 0

Total Surplus (+) / Deficit (-) (viii)+(ix)-(x)-(xi)-(xii) 1,213,246,686

-> Cover Test Royal Decree Article 5 §3 (Amortisation Test) Pass

Interest Requirement Covered Bonds: 572,322,000 (x)

Costs, Fees and Expenses Related to Covered Bonds: 161,605,325 (xi)

Principal Requirements Covered Bonds: 4,890,000,000 (xii)


5. Liquidity Tests

Cumulative Cash Inflow Next 180 Days 467,177,444.41 (xiii)

Cumulative Cash Outflow Next 180 Days -41,640,245.34 (xiv)

Liquidity Surplus (+) / Deficit (-) (xiii)+(xiv) 425,537,199.07

--> Liquidity Test Royal Decree Article 7 §1 Pass

Mark-to-Market Liquid Bonds minus ECB Haircut 96,383,734.52 (xv)

Interest Payable on Mortgage Pandbrieven next 12 months 71,413,100.00 (xvi)

Excess Coverage Interest Mortgage Pandbrieven by Liquid Bonds 24,970,634.52 (xvii)

--> Issuer Covenant (vii) Prospectus ((xvii) > 0) Pass


Cover Pool Summary

Portfolio Cut-off Date

1. Residential Mortgage Loans

See Stratification Tables Mortgages for more details.

31/01/2018

Outstanding Balance of Residential Mortgage Loans at the Cut-off Date 5,856,748,807.28

Principal Redemptions between Cut-off date and Reporting Date 0.00

Interest Payments between Cut-off Date and Reporting Date 0.00

Number of borrowers 83,078

Number of loans 132,763

Average Outstanding Balance per borrower 70,496.99

Average Outstanding Balance per loan 44,114.32

Weighted average Original Loan to Initial Value 78.38%

Weighted average Current Loan to Current Value 45.71%

Weighted average seasoning (in months) 56.17

Weighted average remaining maturity (in years, at 0% CPR) 12.66

Weighted average initial maturity (in years, at 0% CPR) 17.40

Remaining average life (in years, at 0% CPR) 6.87




Remaining average life to interest reset (in years, at 0% CPR) 6.05

Percentage of Fixed Rate Loans 83.84%

Percentage of Resettable Rate Loans 16.16%

Weighted average interest rate 2.707%

Weighted average interest rate Fixed Rate Loans 3.010%

Weighted average interest rate Resettable Rate Loans 1.066%

Registered Cash Proceeds under the Residential Mortgage Loans 216,787,172.89

2. Registered Cash

All Residential Mortgage Loans are euro denominated.


Position 1

Isin Code FR0010347989

Issuer Name CAISSE D AMORTISSEMENT DE LA DETTE SOCIALE MINISTERE DE L ECONOMIE

Series Number 0

Currency EUR

Nominal Amount 84,000,000.00

Issue Date 25/07/2006

Maturity Date 25/10/2021

Coupon Type Fixed

Coupon 4.3750%

ECB Haircut 2.5000%

Standard & Poor's Rating NR

Fitch Rating AA

Moody's Rating Aa2

Mark-to-Market Value 98,855,112.33

Accounting Value 86,542,765.04

4. Derivatives

None

3. Public Sector Exposure (Liquid Bond Positions)


Stratification Tables Residential Mortgage Loans

0 - 10% 3,063,994.80 0.05%

10 - 20% 31,550,038.89 0.54%

20 - 30% 99,747,543.57 1.70%

30 - 40% 203,898,424.24 3.48%

40 - 50% 355,163,169.89 6.06%

50 - 60% 533,989,860.82 9.12%

60 - 70% 699,601,575.22 11.95%

70 - 80% 857,094,721.98 14.63%

80 - 90% 962,462,647.31 16.43%

90 - 100% 1,466,799,796.85 25.04%

100 - 110% 481,078,248.52 8.21%

110 - 120% 162,298,785.19 2.77%

>=120% 0.00 0.00%

5,856,748,807.28 100.00%

0 - 10% 308,499,083.52 5.27%

10 - 20% 617,131,961.07 10.54%

20 - 30% 751,384,177.95 12.83%

30 - 40% 798,182,909.95 13.63%

40 - 50% 815,553,989.68 13.93%

50 - 60% 780,361,016.32 13.32%

60 - 70% 763,176,651.74 13.03%

70 - 80% 655,136,185.99 11.19%

80 - 90% 317,556,664.36 5.42%

90 - 100% 46,794,901.38 0.80%

100 - 110% 2,656,641.29 0.05%

110 - 120% 314,624.03 0.01%

>=120% 0.00 0.00%

5,856,748,807.28 100.00%

Original Loan to Initial Value average

Balance in EUR 78.38%

Current Loan to Current Value average



0 - 24 87,657,325.21 1.50%

24 - 48 282,810,469.81 4.83%

48 - 72 434,570,657.57 7.42%

72 - 96 782,293,597.16 13.36%

96 - 120 445,749,659.72 7.61%

120 - 144 611,445,261.41 10.44%

144 - 168 721,121,016.08 12.31%

168 - 192 655,646,669.61 11.19%

192 - 216 875,390,025.55 14.95%

216 - 240 333,710,271.84 5.70%

240 - 264 279,098,924.22 4.77%

264 - 288 251,102,961.19 4.29%

288 - 312 92,196,043.68 1.57%

312 - 336 3,955,924.23 0.07%

336 - 360 0.00 0.00%

5,856,748,807.28 100.00%

0 - 50 870,098,667.62 14.86%

50 - 100 1,395,972,234.62 23.84%

100 - 150 1,358,936,767.15 23.20%

150 - 200 967,496,592.53 16.52%

200 - 250 544,302,698.41 9.29%

250 - 300 266,554,362.11 4.55%

300 - 350 134,630,997.91 2.30%

350 - 400 90,682,831.64 1.55%

400 - 450 56,291,090.24 0.96%

450 - 500 40,031,167.01 0.68%

500 - 550 27,192,171.36 0.46%

550 - 600 21,169,134.32 0.36%

600 - 650 14,375,444.79 0.25%

650 - 700 10,142,125.31 0.17%

700 - 750 5,780,588.64 0.10%

750 - 800 5,440,275.22 0.09%

800 - 850 7,435,930.50 0.13%

850 - 900 4,342,113.38 0.07%

900 - 950 3,673,604.38 0.06%

950 - 1,000 3,929,004.09 0.07%

>=1,000 28,271,006.05 0.48%

5,856,748,807.28 100.00%

42,699 51.40%

19,175 23.08%

11,070 13.32%

5,631 6.78%

2,459 2.96%

980 1.18%

419 0.50%

243 0.29%

133 0.16%

85 0.10%

52 0.06%

37 0.04%

23 0.03%

15 0.02%

8 0.01%

7 0.01%

9 0.01%

5 0.01%

4 0.00%

4 0.00%

20 0.02%

83,078.00 100.00%

Distribution of Outstanding Loan Balance average

in EUR 1000 Balance in EUR 70,497 Number of Clients

Remaining Term To Maturity average

in months Balance in EUR 151.92


0 - 2 1,315,002.48 0.02%

2 - 4 1,951,594.10 0.03%

4 - 6 37,037,829.36 0.63%

6 - 8 125,081,588.73 2.14%

8 - 10 885,939,247.21 15.13%

10 - 12 176,493,525.26 3.01%

12 - 14 341,040,614.47 5.82%

14 - 16 907,355,917.45 15.49%

16 - 18 632,690,001.04 10.80%

18 - 20 1,600,239,530.86 27.32%

20 - 22 61,929,774.89 1.06%

22 - 24 172,600,918.49 2.95%

24 - 26 725,059,600.97 12.38%

26 - 28 11,326,814.49 0.19%

28 - 30 176,686,847.48 3.02%

5,856,748,807.28 100.00%

0 - 0.5% 317,917,343.76 5.43%

0.5 - 1% 165,023,387.56 2.82%

1 - 1.5% 217,036,913.53 3.71%

1.5 - 2% 332,413,013.44 5.68%

2 - 2.5% 982,815,394.56 16.78%

2.5 - 3% 1,546,904,570.31 26.41%

3 - 3.5% 1,194,922,009.10 20.40%

3.5 - 4% 647,510,728.35 11.06%

4 - 4.5% 265,810,504.62 4.54%

4.5 - 5% 116,639,199.83 1.99%

5 - 5.5% 45,416,729.72 0.78%

5.5 - 6% 14,411,479.10 0.25%

6 - 6.5% 8,860,873.56 0.15%

6.5 - 7% 493,855.86 0.01%

7 - 7.5% 323,959.46 0.01%

7.5 - 8% 224,503.34 0.00%

8 - 8.5% 0.00 0.00%

8.5 - 9% 24,341.18 0.00%

9 - 9.5% 0.00 0.00%

9.5 - 10% 0.00 0.00%

>=10% 0.00 0.00%

5,856,748,807.28 100.00%

Initial Term To Maturity average

in years Balance in EUR 17.40

Interest Rate average

Rate Balance in EUR 2.71%


0 - 20% 144,952,783.06 2.47%

20 - 40% 509,940,975.07 8.71%

40 - 60% 908,783,850.73 15.52%

60 - 80% 1,571,615,208.13 26.83%

80 - 100% 1,161,276,461.96 19.83%

100 - 120% 326,877,438.00 5.58%

120 - 140% 345,353,808.63 5.90%

140 - 160% 315,318,815.35 5.38%

160 - 180% 197,966,506.70 3.38%

180 - 200% 100,640,255.32 1.72%

200 - 300% 176,214,275.82 3.01%

300 - 400% 46,273,281.25 0.79%

400 - 500% 19,189,666.85 0.33%

>=500% 32,345,480.41 0.55%

5,856,748,807.28 100.00%

Interest TypeType Balance in EUR

10/5/5 75,197,751.12 1.28%

1/1/1 433,514,511.96 7.40%

15/5/5 16,340,995.62 0.28%

20/5/5 11,173,702.83 0.19%

3/3/3 319,447,966.54 5.45%

5/5/5 90,822,788.24 1.55%

FIXED RATE PRODUCT 4,910,251,090.97 83.84%

5,856,748,807.28 100.00%

0 - 12 63,273,745.97 1.08%

12 - 24 698,700,721.91 11.93%

24 - 36 1,978,347,713.95 33.78%

36 - 48 1,195,471,212.46 20.41%

48 - 60 175,017,846.59 2.99%

60 - 72 453,364,587.22 7.74%

72 - 84 297,291,197.05 5.08%

84 - 96 191,398,048.44 3.27%

96 - 108 69,555,284.28 1.19%

108 - 120 31,393,173.71 0.54%

120 - 132 44,466,160.56 0.76%

132 - 144 79,971,478.74 1.37%

144 - 156 266,363,559.45 4.55%

156 - 168 132,807,000.65 2.27%

168 - 180 50,792,413.36 0.87%

180 - 192 33,067,249.02 0.56%

192 - 204 24,245,552.10 0.41%

204 - 216 18,819,329.49 0.32%

216 - 228 30,781,017.60 0.53%

228 - 240 12,067,498.98 0.21%

240 - 252 4,685,033.00 0.08%

252 - 264 3,071,746.14 0.05%

264 - 276 1,797,236.61 0.03%

276 - 288 0.00 0.00%

5,856,748,807.28 100.00%

Loan to Mortgage Inscription Ratio (LTM) average


Seasoning average

in months Balance in EUR 56.17


0 - 1 85,219,740.61 1.46%

1 - 2 268,029,784.92 4.58%

2 - 3 413,829,574.80 7.07%

3 - 4 759,641,115.77 12.97%

4 - 5 393,129,994.87 6.71%

5 - 6 418,134,566.92 7.14%

6 - 7 791,313,334.93 13.51%

7 - 8 553,369,048.25 9.45%

8 - 9 538,742,625.97 9.20%

9 - 10 763,332,229.07 13.03%

10 - 11 202,590,591.27 3.46%

11 - 12 189,766,532.28 3.24%

12 - 13 316,298,705.52 5.40%

13 - 14 93,205,293.60 1.59%

14 - 15 59,048,405.86 1.01%

15 - 16 9,521,629.36 0.16%

16 - 17 958,133.28 0.02%

17 - 18 387,500.00 0.01%

18 - 19 30,000.00 0.00%

19 - 20 0.00 0.00%

20 - 21 0.00 0.00%

21 - 22 0.00 0.00%

22 - 23 0.00 0.00%

23 - 24 200,000.00 0.00%

24 - 25 0.00 0.00%

>=25 0.00 0.00%

5,856,748,807.28 100.00%

Distribution of Average Life to Final Maturity(at 0% CPR) average

Balance in EUR 6.79


0 - 1 658,064,210.32 11.24%

1 - 2 422,050,384.83 7.21%

2 - 3 402,849,644.24 6.88%

3 - 4 566,783,801.60 9.68%

4 - 5 341,020,905.00 5.82%

5 - 6 356,716,169.21 6.09%

6 - 7 634,306,621.37 10.83%

7 - 8 503,789,639.69 8.60%

8 - 9 493,110,501.81 8.42%

9 - 10 694,108,029.60 11.85%

10 - 11 183,547,016.65 3.13%

11 - 12 174,847,847.74 2.99%

12 - 13 279,025,378.84 4.76%

13 - 14 80,195,365.97 1.37%

14 - 15 57,312,305.98 0.98%

15 - 16 7,945,627.07 0.14%

16 - 17 457,857.36 0.01%

17 - 18 387,500.00 0.01%

18 - 19 30,000.00 0.00%

19 - 20 0.00 0.00%

20 - 21 0.00 0.00%

21 - 22 0.00 0.00%

22 - 23 0.00 0.00%

23 - 24 200,000.00 0.00%

24 - 25 0.00 0.00%

>=25 0.00 0.00%

5,856,748,807.28 100.00%

Distribution of Average Life To Interest Reset Date(at 0% CPR) average

Balance in EUR 6.05


Geographic distribution Province Balance in EUR

Antwerpen 827,428,078.27 14.13%

Brabant wallon 282,392,999.20 4.82%

Brussel 527,151,458.83 9.00%

Hainaut 685,422,675.26 11.70%

Liège 641,872,106.54 10.96%

Limburg 433,612,691.11 7.40%

Luxembourg 158,210,145.18 2.70%

Namur 339,592,341.27 5.80%

Oost-Vlaanderen 734,546,730.59 12.54%

Undetermined 5,610,329.51 0.10%

Vlaams-Brabant 639,399,945.73 10.92%

West-Vlaanderen 581,509,305.78 9.93%

5,856,748,807.28 100.00%

Repayment Type Province Balance in EUR

ANNUITY 5,599,563,995.70 95.61%

BULLET 44,259,546.67 0.76%

LINEAR 108,670,098.77 1.86%

PROGRESSIVE ANNUITY 104,255,166.14 1.78%

5,856,748,807.28 100.00%


Cover Pool Performance

Portfolio Cut-Off Date

1. Delinquencies (at cut-off date)

2. Prepayments Past Month

31/01/2018

in EUR in %

Performing 5,835,592,524.55 99.639%

0 - 30 Days 19,481,821.74 0.333%

30 - 60 Days 1,674,460.99 0.029%

60 - 90 Days 0.00 0.000%

>=90 Days 0.00 0.000%

Total 5,856,748,807.28 100.000%

in number of loans in %

132,438 99.755%

304 0.229%

21 0.016%

0 0.000%

0 0.000%

132,763 100.000%

Monthly% Annualised%

Full Prepayment 0.62% 7.15%

Partial Prepayment 0.02% 0.30%

Total Prepayment 0.64% 7.42%

> 30 Days

0-30 Days


Outstanding Residential Mortgage Loans (0% CPR)




Covered Bonds (until maturity date)


Liabilities (in EUR)

Covered Bonds (until maturitydate)

30/01/2018 4,890,000,000.00

31/01/2018 4,890,000,000.00

28/02/2018 4,890,000,000.00

31/03/2018 4,890,000,000.00

30/04/2018 4,890,000,000.00

31/05/2018 4,890,000,000.00

30/06/2018 4,890,000,000.00

31/07/2018 4,890,000,000.00

31/08/2018 4,890,000,000.00

30/09/2018 4,890,000,000.00

31/10/2018 4,890,000,000.00

30/11/2018 4,890,000,000.00

31/12/2018 4,890,000,000.00

31/01/2019 4,290,000,000.00

28/02/2019 4,275,000,000.00

31/03/2019 4,275,000,000.00

30/04/2019 4,275,000,000.00

31/05/2019 4,275,000,000.00

30/06/2019 4,275,000,000.00

31/07/2019 4,275,000,000.00

31/08/2019 4,275,000,000.00

30/09/2019 4,275,000,000.00

31/10/2019 4,275,000,000.00

30/11/2019 4,275,000,000.00

31/12/2019 4,275,000,000.00

31/01/2020 4,275,000,000.00

29/02/2020 4,275,000,000.00

31/03/2020 4,275,000,000.00

30/04/2020 4,275,000,000.00

31/05/2020 4,275,000,000.00

30/06/2020 3,450,000,000.00

31/07/2020 3,450,000,000.00

31/08/2020 3,450,000,000.00

30/09/2020 3,450,000,000.00

31/10/2020 3,450,000,000.00

Assets (in EUR)

Outstanding ResidentialMortgage Loans (0%CPR)

30/01/2018 5,856,748,807.28

31/01/2018 5,856,748,807.28

28/02/2018 5,808,437,825.59

31/03/2018 5,759,724,547.47

30/04/2018 5,709,173,867.01

31/05/2018 5,659,980,114.57

30/06/2018 5,611,729,523.66

31/07/2018 5,563,445,691.05

31/08/2018 5,515,567,251.64

30/09/2018 5,467,706,606.74

31/10/2018 5,420,006,663.08

30/11/2018 5,371,801,406.93

31/12/2018 5,323,986,609.50

31/01/2019 5,276,391,154.12

28/02/2019 5,229,312,963.52

31/03/2019 5,182,258,847.35

30/04/2019 5,134,392,117.32

31/05/2019 5,087,543,987.76

30/06/2019 5,040,799,660.55

31/07/2019 4,994,432,005.08

31/08/2019 4,948,308,776.49

30/09/2019 4,902,360,713.88

31/10/2019 4,856,483,333.26

30/11/2019 4,810,641,131.54

31/12/2019 4,765,164,005.05

31/01/2020 4,720,106,935.77

29/02/2020 4,675,020,969.00

31/03/2020 4,629,582,842.58

30/04/2020 4,585,043,629.64

31/05/2020 4,540,257,379.44

30/06/2020 4,495,738,257.51

31/07/2020 4,451,631,922.21

31/08/2020 4,407,365,710.94

30/09/2020 4,363,785,111.02

31/10/2020 4,320,636,453.08

OutstandingResidentialMortgage Loans(2%CPR)

5,856,748,807.28

5,846,896,920.89

5,788,913,020.31

5,730,707,380.01

5,670,856,109.33

5,612,535,533.39

5,555,328,800.50

5,498,265,793.87

5,441,779,013.87

5,385,484,240.50

5,329,521,479.10

5,273,235,712.96

5,217,506,877.29

5,162,165,201.77

5,107,500,163.46

5,053,027,901.10

4,997,933,430.07

4,943,999,875.32

4,890,334,330.16

4,837,200,155.20

4,784,467,234.82

4,732,067,116.87

4,679,897,861.65

4,627,924,571.56

4,576,463,510.43

4,525,565,228.11

4,474,797,572.69

4,423,851,398.36

4,373,921,481.84

4,323,911,760.24

4,274,311,880.68

4,225,258,429.99

4,176,206,423.74

4,127,956,045.95

4,080,264,090.69


5,856,748,807.28

5,831,767,906.61

5,758,993,820.32

5,686,337,275.76

5,612,389,510.89

5,540,297,351.55

5,469,637,358.56

5,399,447,084.24

5,330,147,833.81

5,261,358,641.27

5,193,213,270.22

5,125,071,399.84

5,057,787,279.00

4,991,191,380.63

4,925,558,790.21

4,860,417,862.45

4,794,984,121.76

4,730,967,355.90

4,667,505,574.31

4,604,846,381.79

4,542,861,195.85

4,481,481,134.89

4,420,606,375.14

4,360,201,269.52

4,300,560,514.51

4,241,726,692.92

4,183,290,663.48

4,124,962,186.60

4,067,852,698.87

4,010,937,109.54

3,954,668,019.16

3,899,167,527.50

3,843,929,105.87

3,789,686,378.33

3,736,209,959.23


5,856,748,807.28

5,805,551,387.75

5,707,331,474.34

5,609,993,287.61

5,512,146,763.46

5,416,880,867.11

5,323,754,072.26

5,231,810,238.58

5,141,444,955.91

5,052,276,199.26

4,964,420,705.61

4,877,256,343.71

4,791,587,948.53

4,707,240,295.85

4,624,458,593.82

4,542,785,579.01

4,461,480,977.09

4,382,128,067.05

4,303,910,202.08

4,227,043,770.34

4,151,397,387.53

4,076,896,205.78

4,003,438,579.18

3,930,982,435.64

3,859,782,844.06

3,789,864,933.77

3,720,851,466.03

3,652,477,136.75

3,585,716,871.40

3,519,653,177.97

3,454,675,755.79

3,390,879,817.55

3,327,814,530.61

3,266,105,862.10

3,205,542,226.40




30/11/2020 3,450,000,000.00

31/12/2020 3,450,000,000.00

31/01/2021 3,450,000,000.00

28/02/2021 3,450,000,000.00

31/03/2021 3,450,000,000.00

30/04/2021 3,450,000,000.00

31/05/2021 3,450,000,000.00

30/06/2021 3,450,000,000.00

31/07/2021 3,450,000,000.00

31/08/2021 3,450,000,000.00

30/09/2021 3,450,000,000.00

31/10/2021 3,450,000,000.00

30/11/2021 3,450,000,000.00

31/12/2021 3,450,000,000.00

31/01/2022 3,450,000,000.00

28/02/2022 3,450,000,000.00

31/03/2022 2,950,000,000.00

30/04/2022 2,950,000,000.00

31/05/2022 2,950,000,000.00

30/06/2022 2,950,000,000.00

31/07/2022 2,950,000,000.00

31/08/2022 2,950,000,000.00

30/09/2022 2,950,000,000.00

31/10/2022 2,950,000,000.00

30/11/2022 2,950,000,000.00

31/12/2022 2,950,000,000.00

31/01/2023 2,450,000,000.00

28/02/2023 2,450,000,000.00

31/03/2023 2,450,000,000.00

30/04/2023 2,450,000,000.00

31/05/2023 2,450,000,000.00

30/06/2023 2,450,000,000.00

31/07/2023 2,450,000,000.00

31/08/2023 2,450,000,000.00

30/09/2023 2,450,000,000.00

Assets (in EUR)


30/11/2020 4,277,353,624.31

31/12/2020 4,233,708,040.87

31/01/2021 4,190,406,260.41

28/02/2021 4,148,021,540.96

31/03/2021 4,105,651,570.69

30/04/2021 4,063,413,923.22

31/05/2021 4,021,466,952.74

30/06/2021 3,979,421,315.42

31/07/2021 3,937,829,759.00

31/08/2021 3,896,582,648.64

30/09/2021 3,855,356,212.95

31/10/2021 3,814,647,262.62

30/11/2021 3,774,103,133.18

31/12/2021 3,733,945,708.44

31/01/2022 3,693,541,866.16

28/02/2022 3,653,902,334.99

31/03/2022 3,614,420,491.30

30/04/2022 3,573,475,545.99

31/05/2022 3,534,484,095.31

30/06/2022 3,495,408,723.27

31/07/2022 3,456,506,417.26

31/08/2022 3,418,378,596.55

30/09/2022 3,380,420,222.85

31/10/2022 3,342,828,816.98

30/11/2022 3,305,735,245.56

31/12/2022 3,268,881,251.91

31/01/2023 3,231,890,736.78

28/02/2023 3,195,511,423.00

31/03/2023 3,158,952,297.61

30/04/2023 3,122,790,254.32

31/05/2023 3,086,506,895.35

30/06/2023 3,050,332,437.81

31/07/2023 3,014,506,868.39

31/08/2023 2,979,279,430.63

30/09/2023 2,943,980,567.00


4,032,594,410.99

3,984,732,138.37

3,937,342,517.73

3,890,961,283.18

3,844,738,759.09

3,798,784,436.16

3,753,245,127.14

3,707,756,345.19

3,662,832,350.53

3,618,368,854.33

3,574,063,747.86

3,530,376,379.74

3,486,978,156.91

3,444,072,632.60

3,401,074,682.58

3,358,914,251.05

3,317,030,748.71

3,273,938,189.10

3,232,767,956.64

3,191,650,340.22

3,150,819,668.14

3,110,822,134.71

3,071,104,191.05

3,031,843,896.12

2,993,157,755.17

2,954,809,745.83

2,916,459,083.67

2,878,779,703.61

2,841,057,118.69

2,803,809,819.26

2,766,571,050.75

2,729,547,079.32

2,692,951,511.26

2,657,004,768.14

2,621,107,747.67


3,683,005,255.06

3,629,875,431.48

3,577,425,345.27

3,526,136,225.75

3,475,232,035.67

3,424,809,467.00

3,374,997,759.62

3,325,466,217.99

3,276,673,652.19

3,228,522,209.62

3,180,738,974.18

3,133,729,737.71

3,087,198,475.69

3,041,322,116.62

2,995,581,094.38

2,950,792,178.48

2,906,457,643.12

2,861,276,122.89

2,817,984,641.18

2,774,943,784.68

2,732,355,634.75

2,690,689,920.93

2,649,462,739.65

2,608,824,691.53

2,568,871,975.24

2,529,397,999.61

2,490,108,839.67

2,451,577,734.24

2,413,192,659.27

2,375,392,477.89

2,337,778,966.28

2,300,525,238.71

2,263,808,783.15

2,227,810,952.98

2,192,025,839.70


3,145,689,183.12

3,086,373,161.76

3,028,102,236.79

2,971,271,128.13

2,915,212,688.25

2,860,000,412.89

2,805,733,459.94

2,752,128,482.06

2,699,557,582.29

2,647,929,554.18

2,597,011,788.26

2,547,127,422.24

2,498,025,835.66

2,449,841,779.27

2,402,148,985.64

2,355,595,544.80

2,309,773,215.27

2,263,645,190.24

2,219,373,767.26

2,175,651,137.96

2,132,630,105.98

2,090,668,638.75

2,049,380,553.91

2,008,875,087.33

1,969,217,740.49

1,930,241,690.40

1,891,716,678.11

1,854,072,332.30

1,816,838,157.20

1,780,339,656.30

1,744,271,872.82

1,708,759,629.67

1,673,928,699.53

1,639,905,383.85

1,606,310,019.05




31/10/2023 2,450,000,000.00

30/11/2023 2,450,000,000.00

31/12/2023 2,450,000,000.00

31/01/2024 2,450,000,000.00

29/02/2024 2,450,000,000.00

31/03/2024 2,450,000,000.00

30/04/2024 2,450,000,000.00

31/05/2024 2,450,000,000.00

30/06/2024 1,950,000,000.00

31/07/2024 1,950,000,000.00

31/08/2024 1,950,000,000.00

30/09/2024 1,950,000,000.00

31/10/2024 1,950,000,000.00

30/11/2024 1,950,000,000.00

31/12/2024 1,950,000,000.00

31/01/2025 1,950,000,000.00

28/02/2025 950,000,000.00

31/03/2025 950,000,000.00

30/04/2025 950,000,000.00

31/05/2025 950,000,000.00

30/06/2025 950,000,000.00

31/07/2025 950,000,000.00

31/08/2025 950,000,000.00

30/09/2025 950,000,000.00

31/10/2025 950,000,000.00

30/11/2025 950,000,000.00

31/12/2025 800,000,000.00

31/01/2026 748,000,000.00

28/02/2026 748,000,000.00

31/03/2026 748,000,000.00

30/04/2026 748,000,000.00

31/05/2026 748,000,000.00

30/06/2026 748,000,000.00

31/07/2026 748,000,000.00

31/08/2026 748,000,000.00

Assets (in EUR)


31/10/2023 2,909,430,183.26

30/11/2023 2,875,068,118.63

31/12/2023 2,840,580,525.20

31/01/2024 2,806,607,400.47

29/02/2024 2,772,442,221.63

31/03/2024 2,738,694,391.67

30/04/2024 2,705,197,687.89

31/05/2024 2,671,784,073.12

30/06/2024 2,638,831,259.69

31/07/2024 2,605,687,627.32

31/08/2024 2,573,045,029.47

30/09/2024 2,540,561,954.77

31/10/2024 2,508,940,546.81

30/11/2024 2,477,724,399.82

31/12/2024 2,447,633,449.48

31/01/2025 2,418,218,838.99

28/02/2025 2,389,483,920.37

31/03/2025 2,361,046,978.64

30/04/2025 2,333,117,171.73

31/05/2025 2,305,575,049.07

30/06/2025 2,278,312,259.03

31/07/2025 2,251,000,545.89

31/08/2025 2,224,597,483.42

30/09/2025 2,198,685,535.12

31/10/2025 2,172,842,440.08

30/11/2025 2,147,079,788.80

31/12/2025 2,120,679,235.61

31/01/2026 2,095,022,233.63

28/02/2026 2,069,499,631.06

31/03/2026 2,044,343,642.74

30/04/2026 2,019,214,353.62

31/05/2026 1,994,198,513.32

30/06/2026 1,969,274,211.30

31/07/2026 1,944,423,210.79

31/08/2026 1,919,221,933.49


2,585,989,248.25

2,551,148,582.91

2,516,306,615.44

2,482,029,619.11

2,447,691,262.44

2,413,829,249.39

2,380,295,196.98

2,346,940,119.29

2,314,094,617.05

2,281,185,920.42

2,248,819,289.92

2,216,694,282.48

2,185,421,547.33

2,154,600,160.42

2,124,853,093.49

2,095,786,167.74

2,067,399,093.34

2,039,358,969.03

2,011,844,631.63

1,984,750,827.13

1,957,982,539.77

1,931,256,718.69

1,905,393,540.41

1,880,031,845.95

1,854,808,859.33

1,829,733,964.17

1,804,195,476.38

1,779,369,251.69

1,754,735,402.04

1,730,489,723.28

1,706,343,210.93

1,682,368,746.72

1,658,547,205.86

1,634,862,678.61

1,610,959,124.02


2,157,060,391.09

2,122,492,365.48

2,088,087,708.67

2,054,314,499.85

2,020,651,433.91

1,987,541,042.19

1,954,857,813.01

1,922,477,019.92

1,890,667,045.48

1,858,957,320.27

1,827,839,627.33

1,797,066,406.92

1,767,129,348.15

1,737,699,198.80

1,709,273,724.87

1,681,529,423.28

1,654,461,315.26

1,627,798,960.52

1,601,682,100.57

1,576,023,429.21

1,550,744,632.51

1,525,619,649.83

1,501,293,999.53

1,477,478,127.13

1,453,884,177.19

1,430,518,215.65

1,406,901,933.05

1,383,952,270.11

1,361,261,191.05

1,338,978,623.61

1,316,878,787.85

1,295,016,790.59

1,273,376,522.88

1,251,944,496.50

1,230,447,563.79


1,573,581,514.37

1,541,403,425.07

1,509,600,954.86

1,478,507,726.50

1,447,742,461.85

1,417,618,122.29

1,388,038,675.90

1,358,910,305.51

1,330,417,446.69

1,302,223,528.63

1,274,669,075.35

1,247,575,188.15

1,221,277,018.11

1,195,538,834.84

1,170,695,491.20

1,146,515,794.66

1,122,988,813.18

1,099,924,363.67

1,077,411,531.08

1,055,385,707.71

1,033,789,383.29

1,012,467,979.19

991,845,469.57

971,723,190.41

951,907,085.03

932,398,107.83

912,882,873.84

893,954,855.55

875,344,848.85

857,145,605.58

839,208,750.08

821,566,727.62

804,206,397.92

787,116,475.05

770,123,330.00




30/09/2026 748,000,000.00

31/10/2026 748,000,000.00

30/11/2026 748,000,000.00

31/12/2026 748,000,000.00

31/01/2027 748,000,000.00

28/02/2027 748,000,000.00

31/03/2027 748,000,000.00

30/04/2027 748,000,000.00

31/05/2027 748,000,000.00

30/06/2027 748,000,000.00

31/07/2027 748,000,000.00

31/08/2027 748,000,000.00

30/09/2027 748,000,000.00

31/10/2027 748,000,000.00

30/11/2027 748,000,000.00

31/12/2027 748,000,000.00

31/01/2028 748,000,000.00

29/02/2028 748,000,000.00

31/03/2028 748,000,000.00

30/04/2028 748,000,000.00

31/05/2028 748,000,000.00

30/06/2028 748,000,000.00

31/07/2028 748,000,000.00

31/08/2028 748,000,000.00

30/09/2028 748,000,000.00

31/10/2028 698,000,000.00

30/11/2028 698,000,000.00

31/12/2028 698,000,000.00

31/01/2029 698,000,000.00

28/02/2029 698,000,000.00

31/03/2029 698,000,000.00

30/04/2029 678,000,000.00

31/05/2029 678,000,000.00

30/06/2029 628,000,000.00

31/07/2029 628,000,000.00

Assets (in EUR)


30/09/2026 1,894,536,356.97

31/10/2026 1,869,570,354.23

30/11/2026 1,845,195,760.95

31/12/2026 1,821,076,403.52

31/01/2027 1,797,192,921.00

28/02/2027 1,773,477,750.44

31/03/2027 1,749,778,396.21

30/04/2027 1,726,292,845.00

31/05/2027 1,702,893,935.75

30/06/2027 1,679,551,652.01

31/07/2027 1,656,418,548.31

31/08/2027 1,632,602,961.94

30/09/2027 1,609,758,742.46

31/10/2027 1,587,141,100.36

30/11/2027 1,564,652,520.30

31/12/2027 1,542,182,371.91

31/01/2028 1,519,864,891.36

29/02/2028 1,497,741,306.17

31/03/2028 1,475,741,223.60

30/04/2028 1,453,691,356.92

31/05/2028 1,431,803,266.91

30/06/2028 1,410,140,942.13

31/07/2028 1,388,540,079.08

31/08/2028 1,366,853,946.50

30/09/2028 1,345,509,245.80

31/10/2028 1,324,236,338.25

30/11/2028 1,303,127,352.97

31/12/2028 1,282,172,880.47

31/01/2029 1,261,285,403.74

28/02/2029 1,240,530,956.11

31/03/2029 1,219,847,543.52

30/04/2029 1,199,246,538.58

31/05/2029 1,178,654,044.43

30/06/2029 1,158,152,254.98

31/07/2029 1,137,400,956.06


1,587,563,503.26

1,564,007,440.36

1,541,020,051.75

1,518,318,376.07

1,495,885,044.19

1,473,662,746.19

1,451,524,097.99

1,429,632,822.01

1,407,882,719.30

1,386,248,481.74

1,364,855,404.29

1,342,968,970.76

1,321,950,003.65

1,301,183,704.88

1,280,589,160.05

1,260,075,279.31

1,239,751,320.47

1,219,650,065.80

1,199,713,331.71

1,179,799,815.12

1,160,080,973.87

1,140,607,746.70

1,121,246,380.81

1,101,878,185.26

1,082,846,756.70

1,063,933,918.33

1,045,213,122.98

1,026,676,022.45

1,008,251,883.83

989,992,986.69

971,849,258.16

953,829,312.53

935,873,998.92

918,048,293.27

900,082,460.87


1,209,440,451.84

1,188,411,902.64

1,167,915,069.19

1,147,732,328.33

1,127,848,537.25

1,108,218,662.47

1,088,745,565.38

1,069,550,889.37

1,050,553,600.07

1,031,733,696.02

1,013,183,174.45

994,356,456.11

976,261,008.12

958,438,660.53

940,828,193.09

923,361,553.06

906,117,816.16

889,119,484.75

872,322,678.40

855,623,681.54

839,146,081.15

822,925,230.17

806,863,201.50

790,873,883.03

775,202,997.31

759,692,592.47

744,394,036.44

729,300,052.69

714,359,232.18

699,607,621.14

685,008,744.36

670,567,756.25

656,242,235.23

642,077,006.91

627,882,940.57


753,572,257.31

737,141,133.65

721,170,838.89

705,522,310.74

690,182,844.39

675,121,720.76

660,277,141.53

645,720,476.53

631,399,978.51

617,301,317.80

603,477,108.03

589,600,945.51

576,269,002.35

563,205,491.89

550,371,735.65

537,725,743.76

525,311,554.14

513,139,744.13

501,182,537.73

489,378,410.26

477,796,344.02

466,454,053.22

455,293,703.97

444,265,114.19

433,504,552.73

422,921,100.26

412,541,448.24

402,359,435.89

392,344,753.46

382,515,432.61

372,849,690.68

363,348,674.80

353,987,831.76

344,789,884.26

335,652,064.92




31/08/2029 628,000,000.00

30/09/2029 628,000,000.00

31/10/2029 628,000,000.00

30/11/2029 628,000,000.00

31/12/2029 628,000,000.00

31/01/2030 628,000,000.00

28/02/2030 628,000,000.00

31/03/2030 628,000,000.00

30/04/2030 628,000,000.00

31/05/2030 628,000,000.00

30/06/2030 628,000,000.00

31/07/2030 628,000,000.00

31/08/2030 628,000,000.00

30/09/2030 628,000,000.00

31/10/2030 628,000,000.00

30/11/2030 628,000,000.00

31/12/2030 628,000,000.00

31/01/2031 608,000,000.00

28/02/2031 588,000,000.00

31/03/2031 563,000,000.00

30/04/2031 563,000,000.00

31/05/2031 563,000,000.00

30/06/2031 563,000,000.00

31/07/2031 563,000,000.00

31/08/2031 563,000,000.00

30/09/2031 563,000,000.00

31/10/2031 563,000,000.00

30/11/2031 563,000,000.00

31/12/2031 563,000,000.00

31/01/2032 563,000,000.00

29/02/2032 488,000,000.00

31/03/2032 488,000,000.00

30/04/2032 488,000,000.00

31/05/2032 488,000,000.00

30/06/2032 488,000,000.00

Assets (in EUR)


31/08/2029 1,117,073,255.00

30/09/2029 1,096,583,918.96

31/10/2029 1,076,812,458.86

30/11/2029 1,057,289,949.76

31/12/2029 1,038,022,646.10

31/01/2030 1,019,494,878.28

28/02/2030 1,001,420,173.64

31/03/2030 983,644,899.39

30/04/2030 965,614,196.23

31/05/2030 947,454,803.07

30/06/2030 930,556,079.42

31/07/2030 913,876,334.12

31/08/2030 897,627,475.48

30/09/2030 881,616,043.57

31/10/2030 865,059,769.84

30/11/2030 849,306,235.95

31/12/2030 833,589,047.93

31/01/2031 817,911,529.43

28/02/2031 802,089,037.13

31/03/2031 786,862,122.52

30/04/2031 771,737,892.23

31/05/2031 756,760,598.19

30/06/2031 741,863,465.70

31/07/2031 727,223,796.52

31/08/2031 712,700,516.38

30/09/2031 698,267,290.16

31/10/2031 683,993,703.42

30/11/2031 669,895,438.93

31/12/2031 655,810,593.80

31/01/2032 641,946,970.85

29/02/2032 628,401,798.05

31/03/2032 614,976,227.13

30/04/2032 601,665,672.30

31/05/2032 588,313,831.00

30/06/2032 575,304,639.18


882,509,123.29

864,864,880.66

847,842,730.38

831,071,085.42

814,553,729.98

798,668,941.99

783,189,621.25

767,993,901.72

752,647,994.74

737,251,403.96

722,883,807.81

708,732,285.00

694,959,926.96

681,415,408.61

667,494,082.69

654,236,029.02

641,048,641.28

627,934,223.87

614,750,999.85

602,066,056.28

589,500,485.53

577,087,535.40

564,775,704.38

552,699,336.32

540,750,306.87

528,908,125.51

517,224,971.31

505,711,978.79

494,246,369.13

482,984,343.94

471,997,999.54

461,136,932.57

450,397,168.94

439,661,377.71

429,216,069.92


614,031,120.01

600,197,572.97

586,862,105.80

573,764,578.73

560,906,008.01

548,544,601.79

536,521,174.97

524,750,074.68

512,933,944.72

501,140,998.62

490,103,288.82

479,265,459.62

468,736,174.26

458,411,445.27

447,884,173.60

437,852,211.74

427,916,338.43

418,077,535.82

408,241,091.76

398,782,792.36

389,449,569.76

380,262,544.06

371,186,912.66

362,310,054.84

353,559,908.13

344,922,298.09

336,430,460.67

328,090,655.40

319,822,417.61

311,726,168.59

303,847,145.40

296,087,247.77

288,443,158.74

280,839,183.33

273,457,697.53


326,771,569.57

317,973,815.88

309,511,245.88

301,243,261.82

293,168,254.78

285,418,446.08

277,907,457.41

270,588,344.08

263,306,304.88

256,096,117.19

249,329,645.03

242,720,062.16

236,320,423.90

230,076,085.74

223,781,915.25

217,786,050.81

211,887,151.57

206,084,737.12

200,331,367.10

194,810,288.75

189,395,628.38

184,096,492.19

178,894,859.53

173,831,642.92

168,870,855.08

164,004,665.62

159,247,815.79

154,602,060.28

150,028,428.43

145,573,110.51

141,255,804.43

137,029,504.48

132,891,703.65

128,806,734.34

124,857,393.08




31/07/2032 488,000,000.00

31/08/2032 488,000,000.00

30/09/2032 488,000,000.00

31/10/2032 468,000,000.00

30/11/2032 468,000,000.00

31/12/2032 438,000,000.00

31/01/2033 423,000,000.00

28/02/2033 423,000,000.00

31/03/2033 423,000,000.00

30/04/2033 423,000,000.00

31/05/2033 423,000,000.00

30/06/2033 373,000,000.00

31/07/2033 373,000,000.00

31/08/2033 333,000,000.00

30/09/2033 333,000,000.00

31/10/2033 333,000,000.00

30/11/2033 313,000,000.00

31/12/2033 313,000,000.00

31/01/2034 313,000,000.00

28/02/2034 301,000,000.00

31/03/2034 301,000,000.00

30/04/2034 301,000,000.00

31/05/2034 301,000,000.00

30/06/2034 301,000,000.00

31/07/2034 301,000,000.00

31/08/2034 301,000,000.00

30/09/2034 301,000,000.00

31/10/2034 301,000,000.00

30/11/2034 301,000,000.00

31/12/2034 241,000,000.00

31/01/2035 241,000,000.00

28/02/2035 236,000,000.00

31/03/2035 236,000,000.00

30/04/2035 236,000,000.00

31/05/2035 236,000,000.00

Assets (in EUR)


31/07/2032 562,428,513.68

31/08/2032 549,741,478.30

30/09/2032 537,197,810.57

31/10/2032 524,845,301.24

30/11/2032 512,494,115.56

31/12/2032 500,618,851.32

31/01/2033 488,947,245.16

28/02/2033 477,463,286.66

31/03/2033 466,098,561.13

30/04/2033 454,862,176.36

31/05/2033 443,827,542.56

30/06/2033 433,033,830.21

31/07/2033 422,422,791.97

31/08/2033 411,983,139.79

30/09/2033 401,671,996.76

31/10/2033 391,444,001.81

30/11/2033 381,316,535.27

31/12/2033 371,306,504.04

31/01/2034 360,678,798.88

28/02/2034 350,922,490.54

31/03/2034 341,241,898.56

30/04/2034 331,632,802.93

31/05/2034 322,150,554.85

30/06/2034 312,814,105.44

31/07/2034 303,456,459.94

31/08/2034 294,388,772.59

30/09/2034 285,448,002.40

31/10/2034 276,718,284.71

30/11/2034 268,297,086.21

31/12/2034 260,428,177.34

31/01/2035 252,712,093.09

28/02/2035 245,693,963.63

31/03/2035 238,986,507.19

30/04/2035 232,536,352.22

31/05/2035 226,393,483.26


418,903,768.51

408,765,545.89

398,766,668.87

388,941,934.15

379,150,103.55

369,741,615.77

360,513,870.53

351,454,248.73

342,511,704.11

333,692,402.61

325,049,560.58

316,611,000.09

308,333,246.37

300,207,332.51

292,201,369.69

284,281,877.12

276,461,085.99

268,750,801.25

260,619,354.88

253,143,099.47

245,745,786.10

238,424,044.68

231,217,282.68

224,138,559.76

217,067,835.49

210,227,328.29

203,499,701.22

196,944,322.01

190,629,629.25

184,727,374.70

178,952,657.10

173,690,254.94

168,664,307.57

163,836,062.05

159,239,720.45


266,197,051.41

259,082,482.74

252,091,041.16

245,243,849.92

238,451,099.18

231,932,323.45

225,558,769.46

219,321,561.91

213,187,993.88

207,161,210.17

201,273,453.26

195,540,944.38

189,935,812.27

184,451,670.41

179,068,146.56

173,764,101.76

168,546,480.82

163,421,894.66

158,067,262.90

153,135,596.68

148,276,025.19

143,486,056.97

138,788,901.10

134,191,749.60

129,622,235.79

125,212,589.62

120,891,953.84

116,694,900.83

112,661,002.71

108,890,316.80

105,213,374.15

101,855,162.03

98,651,927.08

95,579,923.90

92,658,097.81


120,995,882.87

117,232,666.80

113,556,303.84

109,975,312.18

106,448,525.23

103,072,982.04

99,789,884.72

96,594,272.59

93,470,815.37

90,420,097.23

87,455,327.45

84,582,539.97

81,788,664.11

79,070,064.12

76,417,192.64

73,820,340.16

71,281,841.95

68,803,844.82

66,250,268.32

63,894,739.74

61,588,996.49

59,331,473.71

57,131,208.87

54,990,508.27

52,879,174.73

50,850,637.29

48,875,255.55

46,966,345.20

45,138,979.96

43,432,080.33

41,776,837.52

40,261,587.84

38,820,101.79

37,442,170.71

36,134,409.41




30/06/2035 221,000,000.00

31/07/2035 221,000,000.00

31/08/2035 221,000,000.00

30/09/2035 221,000,000.00

31/10/2035 177,000,000.00

30/11/2035 177,000,000.00

31/12/2035 177,000,000.00

31/01/2036 177,000,000.00

29/02/2036 177,000,000.00

31/03/2036 177,000,000.00

30/04/2036 177,000,000.00

31/05/2036 177,000,000.00

30/06/2036 177,000,000.00

31/07/2036 152,000,000.00

31/08/2036 132,000,000.00

30/09/2036 132,000,000.00

31/10/2036 132,000,000.00

30/11/2036 132,000,000.00

31/12/2036 100,000,000.00

31/01/2037 100,000,000.00

28/02/2037 100,000,000.00

31/03/2037 100,000,000.00

30/04/2037 100,000,000.00

31/05/2037 100,000,000.00

30/06/2037 100,000,000.00

31/07/2037 100,000,000.00

31/08/2037 100,000,000.00

30/09/2037 100,000,000.00

31/10/2037 100,000,000.00

30/11/2037 100,000,000.00

31/12/2037 100,000,000.00

31/01/2038 100,000,000.00

28/02/2038 100,000,000.00

31/03/2038 100,000,000.00

30/04/2038 75,000,000.00

Assets (in EUR)


30/06/2035 220,228,385.30

31/07/2035 214,719,504.75

31/08/2035 209,432,798.89

30/09/2035 204,248,132.54

31/10/2035 199,146,915.17

30/11/2035 194,141,878.42

31/12/2035 189,211,829.54

31/01/2036 184,356,459.52

29/02/2036 179,585,037.23

31/03/2036 174,876,748.75

30/04/2036 170,237,928.85

31/05/2036 165,680,353.11

30/06/2036 161,223,319.15

31/07/2036 156,877,180.32

31/08/2036 152,586,732.47

30/09/2036 148,333,733.87

31/10/2036 144,185,426.27

30/11/2036 140,097,636.14

31/12/2036 136,119,365.34

31/01/2037 132,217,652.43

28/02/2037 128,403,765.64

31/03/2037 124,639,807.14

30/04/2037 120,934,933.17

31/05/2037 117,294,876.58

30/06/2037 113,699,269.21

31/07/2037 110,151,938.21

31/08/2037 106,682,239.56

30/09/2037 103,276,375.93

31/10/2037 99,961,852.32

30/11/2037 96,728,174.36

31/12/2037 93,551,725.55

31/01/2038 90,425,759.43

28/02/2038 87,352,271.46

31/03/2038 84,308,300.90

30/04/2038 81,293,597.40


154,642,769.61

150,520,849.61

146,567,844.39

142,699,002.71

138,900,966.18

135,182,274.74

131,527,827.72

127,937,117.39

124,416,273.93

120,950,579.02

117,544,157.61

114,204,856.42

110,945,644.69

107,773,258.72

104,649,426.49

101,561,439.59

98,555,104.91

95,599,892.96

92,728,952.46

89,919,466.11

87,178,798.19

84,480,937.64

81,831,886.95

79,235,294.96

76,677,183.02

74,159,955.22

71,703,157.31

69,297,247.49

66,960,413.93

64,685,310.21

62,455,877.75

60,267,408.65

58,121,042.53

56,001,333.64

53,907,999.39


89,750,398.82

87,132,108.39

84,624,293.67

82,177,341.66

79,783,155.87

77,446,266.93

75,157,647.91

72,916,680.28

70,726,523.58

68,578,481.88

66,474,603.74

64,419,014.34

62,418,676.47

60,476,981.45

58,572,092.34

56,696,666.88

54,876,019.10

53,092,805.44

51,365,132.88

49,679,998.73

48,041,164.75

46,434,007.81

44,861,604.72

43,325,712.34

41,818,454.31

40,340,946.18

38,903,591.36

37,500,943.47

36,142,578.53

34,824,225.23

33,536,976.62

32,278,095.66

31,047,996.15

29,838,249.70

28,648,572.26


34,843,133.89

33,674,587.75

32,558,348.20

31,474,775.20

30,420,405.71

29,396,628.32

28,399,680.55

27,429,027.18

26,485,554.55

25,565,710.55

24,669,991.51

23,799,649.45

22,956,954.97

22,142,827.42

21,348,971.09

20,572,495.73

19,822,357.00

19,092,008.15

18,387,707.85

17,704,513.48

17,043,515.94

16,399,291.10

15,772,732.99

15,164,255.77

14,570,907.71

13,992,907.17

13,433,674.15

12,891,117.03

12,368,320.55

11,863,594.77

11,373,705.82

10,897,559.01

10,435,136.71

9,983,461.63

9,542,321.27




31/05/2038 75,000,000.00

30/06/2038 75,000,000.00

31/07/2038 75,000,000.00

31/08/2038 75,000,000.00

30/09/2038 75,000,000.00

31/10/2038 75,000,000.00

30/11/2038 75,000,000.00

31/12/2038 75,000,000.00

31/01/2039 50,000,000.00

28/02/2039 50,000,000.00

31/03/2039 50,000,000.00

30/04/2039 50,000,000.00

31/05/2039 50,000,000.00

30/06/2039 50,000,000.00

31/07/2039 50,000,000.00

31/08/2039 50,000,000.00

30/09/2039 50,000,000.00

31/10/2039 25,000,000.00

30/11/2039 25,000,000.00

31/12/2039 25,000,000.00

31/01/2040 25,000,000.00

29/02/2040 0.00

31/03/2040 0.00

30/04/2040 0.00

31/05/2040 0.00

30/06/2040 0.00

31/07/2040 0.00

31/08/2040 0.00

30/09/2040 0.00

31/10/2040 0.00

30/11/2040 0.00

31/12/2040 0.00

31/01/2041 0.00

28/02/2041 0.00

31/03/2041 0.00

Assets (in EUR)


31/05/2038 78,312,439.87

30/06/2038 75,361,362.94

31/07/2038 72,442,619.54

31/08/2038 69,556,440.85

30/09/2038 66,703,904.22

31/10/2038 63,878,063.00

30/11/2038 61,087,782.29

31/12/2038 58,343,404.94

31/01/2039 55,638,738.15

28/02/2039 52,982,695.97

31/03/2039 50,362,829.59

30/04/2039 47,779,915.04

31/05/2039 45,233,261.65

30/06/2039 42,734,807.95

31/07/2039 40,280,451.36

31/08/2039 37,877,278.50

30/09/2039 35,517,828.08

31/10/2039 33,231,925.59

30/11/2039 31,049,091.95

31/12/2039 29,052,884.14

31/01/2040 27,206,375.23

29/02/2040 25,493,495.62

31/03/2040 23,895,149.89

30/04/2040 22,387,017.20

31/05/2040 21,012,506.36

30/06/2040 19,777,497.14

31/07/2040 18,640,993.02

31/08/2040 17,606,607.87

30/09/2040 16,614,806.73

31/10/2040 15,651,401.84

30/11/2040 14,715,434.08

31/12/2040 13,805,065.02

31/01/2041 12,932,561.14

28/02/2041 12,078,572.32

31/03/2041 11,245,275.04


51,843,757.07

49,806,187.12

47,796,658.68

45,815,199.54

43,862,393.30

41,933,551.77

40,034,380.16

38,171,511.79

36,340,734.52

34,547,714.50

32,784,172.86

31,050,480.22

29,346,052.65

27,678,489.39

26,044,966.04

24,449,899.25

22,888,300.52

21,379,202.10

19,941,312.03

18,627,857.95

17,414,587.37

16,290,737.05

15,243,684.21

14,257,561.60

13,359,669.71

12,553,303.64

11,812,031.23

11,137,816.90

10,492,730.44

9,867,685.59

9,261,982.98

8,674,375.08

8,112,470.32

7,564,026.19

7,030,340.21


27,480,272.15

26,331,927.62

25,204,128.68

24,096,753.07

23,009,970.61

21,941,190.18

20,893,270.94

19,869,524.87

18,867,598.10

17,890,275.63

16,933,110.21

15,996,155.57

15,078,973.73

14,185,324.34

13,313,599.12

12,465,897.41

11,639,513.16

10,843,951.23

10,088,453.25

9,399,582.60

8,764,630.94

8,177,790.36

7,632,379.86

7,120,165.43

6,654,498.68

6,236,665.47

5,853,205.83

5,504,832.11

5,172,581.17

4,851,867.09

4,542,263.93

4,243,081.54

3,957,957.22

3,680,830.28

3,412,274.06


9,112,033.81

8,692,009.41

8,282,328.76

7,882,837.00

7,493,476.07

7,113,292.79

6,743,109.02

6,383,876.39

6,034,716.13

5,696,400.33

5,367,393.65

5,047,607.47

4,736,799.28

4,436,042.61

4,144,719.62

3,863,371.50

3,591,046.11

3,330,557.71

3,084,588.50

2,861,043.49

2,655,784.10

2,466,825.04

2,291,952.40

2,128,525.92

1,980,375.04

1,847,684.40

1,726,284.54

1,616,240.20

1,511,862.81

1,411,748.09

1,315,721.34

1,223,534.37

1,136,185.21

1,051,882.12

970,752.30




30/04/2041 0.00

31/05/2041 0.00

30/06/2041 0.00

31/07/2041 0.00

31/08/2041 0.00

30/09/2041 0.00

31/10/2041 0.00

30/11/2041 0.00

31/12/2041 0.00

31/01/2042 0.00

28/02/2042 0.00

31/03/2042 0.00

30/04/2042 0.00

31/05/2042 0.00

30/06/2042 0.00

31/07/2042 0.00

31/08/2042 0.00

30/09/2042 0.00

31/10/2042 0.00

30/11/2042 0.00

31/12/2042 0.00

31/01/2043 0.00

28/02/2043 0.00

31/03/2043 0.00

30/04/2043 0.00

31/05/2043 0.00

30/06/2043 0.00

31/07/2043 0.00

31/08/2043 0.00

30/09/2043 0.00

31/10/2043 0.00

30/11/2043 0.00

31/12/2043 0.00

31/01/2044 0.00

29/02/2044 0.00

Assets (in EUR)


30/04/2041 10,432,112.55

31/05/2041 9,449,400.69

30/06/2041 8,689,413.86

31/07/2041 7,951,771.12

31/08/2041 7,223,706.68

30/09/2041 6,497,449.85

31/10/2041 5,806,441.88

30/11/2041 5,160,186.92

31/12/2041 4,551,760.24

31/01/2042 3,992,625.47

28/02/2042 3,506,178.37

31/03/2042 3,052,029.84

30/04/2042 2,638,186.69

31/05/2042 2,261,281.00

30/06/2042 1,910,019.96

31/07/2042 1,595,722.85

31/08/2042 1,323,232.38

30/09/2042 1,100,602.75

31/10/2042 940,351.58

30/11/2042 833,814.36

31/12/2042 752,945.77

31/01/2043 682,115.79

28/02/2043 618,554.28

31/03/2043 559,547.34

30/04/2043 504,991.27

31/05/2043 452,744.00

30/06/2043 402,716.95

31/07/2043 355,802.49

31/08/2043 312,784.91

30/09/2043 273,969.85

31/10/2043 237,243.11

30/11/2043 208,613.39

31/12/2043 183,619.73

31/01/2044 161,144.98

29/02/2044 141,668.76


6,510,995.03

5,887,734.31

5,405,094.12

4,937,936.37

4,478,272.96

4,021,260.74

3,587,552.13

3,182,895.72

2,802,884.45

2,454,444.57

2,151,778.19

1,869,911.75

1,613,640.18

1,380,780.19

1,164,331.80

971,102.69

803,919.67

667,537.96

569,382.97

504,025.40

454,376.22

410,940.39

372,020.94

335,965.93

302,699.09

270,924.82

240,582.94

212,198.72

186,229.47

162,844.92

140,777.71

123,580.89

108,591.87

95,140.09

83,500.63


3,152,025.49

2,842,924.69

2,603,126.10

2,371,986.59

2,145,616.47

1,921,668.90

1,709,973.35

1,513,172.11

1,329,064.03

1,160,830.29

1,015,050.85

879,804.55

757,262.74

646,307.55

543,583.46

452,198.82

373,380.57

309,235.84

263,083.20

232,282.17

208,859.31

188,404.76

170,119.94

153,234.96

137,704.63

122,930.88

108,880.93

95,786.55

83,846.51

73,128.32

63,055.08

55,209.30

48,387.49

42,283.81

37,014.77


892,683.45

801,523.69

730,616.46

662,749.97

596,805.51

532,111.37

471,364.16

415,239.62

363,077.72

315,693.53

274,807.12

237,120.79

203,176.40

172,627.17

144,537.12

119,697.70

98,390.09

81,120.89

68,703.56

60,387.25

54,053.83

48,540.89

43,632.92

39,125.53

35,002.10

31,106.40

27,427.35

24,020.38

20,931.65

18,173.87

15,600.02

13,597.55

11,863.82

10,320.69

8,994.00




31/03/2044 0.00

30/04/2044 0.00

31/05/2044 0.00

30/06/2044 0.00

31/07/2044 0.00

31/08/2044 0.00

30/09/2044 0.00

31/10/2044 0.00

30/11/2044 0.00

31/12/2044 0.00

31/01/2045 0.00

28/02/2045 0.00

31/03/2045 0.00

30/04/2045 0.00

31/05/2045 0.00

30/06/2045 0.00

31/07/2045 0.00

31/08/2045 0.00

30/09/2045 0.00

31/10/2045 0.00

30/11/2045 0.00

31/12/2045 0.00

31/01/2046 0.00

Assets (in EUR)


31/03/2044 124,572.89

30/04/2044 108,543.39

31/05/2044 93,590.37

30/06/2044 81,382.88

31/07/2044 70,369.39

31/08/2044 60,529.77

30/09/2044 51,084.93

31/10/2044 43,279.06

30/11/2044 38,137.88

31/12/2044 33,834.53

31/01/2045 29,516.11

28/02/2045 25,713.91

31/03/2045 21,895.12

30/04/2045 18,057.15

31/05/2045 14,380.65

30/06/2045 11,748.19

31/07/2045 9,104.08

31/08/2045 7,414.80

30/09/2045 5,718.05

31/10/2045 4,013.82

30/11/2045 2,302.06

31/12/2045 1,153.37

31/01/2046 0.00


73,300.68

63,761.24

54,884.96

47,645.74

41,128.57

35,318.13

29,757.08

25,167.74

22,140.72

19,609.39

17,077.81

14,852.85

12,625.77

10,395.10

8,264.69

6,740.44

5,214.61

4,239.88

3,264.16

2,287.44

1,309.72

655.09

0.00


32,409.19

28,118.47

24,141.43

20,903.00

17,997.12

15,414.58

12,953.86

10,927.68

9,588.49

8,470.27

7,357.67

6,382.53

5,411.47

4,443.87

3,523.99

2,866.62

2,211.97

1,793.85

1,377.46

962.79

549.84

274.30

0.00


7,839.52

6,771.05

5,787.23

4,988.38

4,275.60

3,645.60

3,049.86

2,561.25

2,237.27

1,967.47

1,701.35

1,469.23

1,240.10

1,013.78

800.31

648.10

497.84

401.92

307.24

213.78

121.54

60.36

0.00


Definitions and Remarks

Interest and Principal coverage TestThe interest and principal coverage test is done at the CPR which is derived from Belfius internal Prepayment model. This CPRchanges over time.Costs, Fees and Expenses Related to Covered Bonds are simulated based on the assumption of a fixed amount of EUR 5 millionp.a. and 7 bp on the outstanding mortgage loan balance.

Liquidity TestThe liquidity test is done as defined in the Royal Decree. The liquidity test is done at the most conservative CPR assuption, beingthe CPR at which the cash flow comes in at the slowest speed, being 0% CPR

Original Loan to Initial Value is defined as the ratio of the sum of the initial (active) credit opening a client has been granteddivided by the sum of the initial property values on which Belfius has been granted a first ranking mortgage inscription by theclient. Properties on which Belfius has no first ranking inscriptions as well as any other guarantee Belfius has obtained areexcluded for the purpose of this calculation.

Original Loan to Initial Value

Current Loan to Current ValueCurrent Loan to Current Value is defined as the ratio of the sum of the current balance of all residential mortgage loans a clienthas with Belfius divided by the sum of the current property values on which Belfius has been granted a first ranking mortgageinscription by the client. Properties on which Belfius has no first ranking inscriptions as well as any other guarantee Belfius hasobtained are excluded for the purpose of this calculation. The current property value is the value derived after indexation.

Loan to Mortgage Inscription Ratio (LTM)The Loan to Mortgage Inscription (LTM) gives the ratio between the sum of the current balance of all residential mortgage loans aclient has with Belfius divided by the sum of all first and subsequent ranking mortgage inscriptions which the client has granted toBelfius. In case this ratio is in excess of 100%, the part above 100% is typically secured by a mandate.

The interest type "Fixed" means that the interest rate of a loan is fixed during the entire life of the loan. The interest types "X/Y/Y"are interest types whereby the loan has a first fixed interest period of Y years followed by fixed interest periods of X years. A10/5/5 is hence a loan that has an interest rate that is fixed during the first 10 years after which it will have fixed interest periods of5 year. The interest resets are legally defined in Belgium and are based on the OLO rates.

Interest Type

PrepaymentsThe monthly percentage is defined as: Amount Prepaid during the month / (Initial Balance - Scheduled Payments)The annual percentage (CPR) is defined as: 1 - (1 - monthly percentage) ^ 12In order to calculate the prepayment rates, only those loans are taken into account that were present in the cover pool during theentire month. Loans that were taken out of the cover pool during the past month or added to the cover pool during the past monthare excluded for the prepayment calculation.

For the purpose of calculating the amortisation profiles, the interest and principal payments, loans with a resettable rate aresimulated using the relevant forward OLO rates in order to simulate the interest resets and the resulting monthly interest andprincipal payments amounts.

Amortisation Profiles

No yield compression is assumed in the calculations provided in this report where CPR assumptions different from 0% are used.


Disclaimer

This document is prepared by Belfius Bank NV/SA, Boulevard Pacheco 44, 1000 Brussels, Belgium (herein referred as ‘BelfiusBank’) on behalf of itself.

This document is published purely for the purposes of information, it contains no offer or invitation for the purchase or sale offinancial instruments, does not comprise investment advice and is not confirmation of any transaction.

The information in this document has been treated with all reasonable care. Nevertheless errors or omissions cannot be excludedand no warranty can be given as to the completeness of the information of this document.

All opinions, estimates and projections contained in this document are those of Belfius Bank as of the date hereof and are subjectto change without notice. The information contained in this document was obtained from a number of different sources. BelfiusBank exercises the greatest care when choosing its sources of information and passing the information. Nevertheless errors or

omissions in those sources or processes cannot be excluded a priori.

The information contained in this document is published for the assistance of the recipient, but is not to be relied upon asauthoritative or taken in substitution for the exercise of judgment by any recipient. Nothing in this document shall form the basis of

any contract or commitment whatsoever.

In the United Kingdom, this report is intended only for Investment Professionals (as defined in The Financial Services and MarketsAct 2000 (Financial Promotion) Order 2001) and is not intended to be distributed or passed on, directly or indirectly, to any other

class of persons (in particular retail client) in he United Kingdom.

Potential users of this document and each investor is encouraged to contact its local regulatory authorities to determine whetherany restrictions apply to their ability to purchase investments to which this report refers.

The information is not intended for persons who are resident in the United States or who are physically present in the UnitedStates and the Mortgage Pandbrieven are not or will not be registered under the US Securities Act of 1933 as amended and the

Mortgage Pandbrieven may not be offered or sold within the United States or to, or for the account or benefit of US persons,except in certain circumstances exempt from the registration requirements of the Securities Act.

Belfius Bank cannot be held liable for any direct or indirect damage or loss resulting from the use of this document.

This report is made available to you for information purposes and this report or any part of it may not be reproduced, distributed orpublished without the prior written consent of Belfius Bank. All rights reserved.


eur 10 billion mortgage pandbrieven programme reporting …...weighted average original loan to...

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