1 CaixaBank posts profit of 305 million, underpinned by strong banking business Strong recurring income generation capacity provided for gross income of 3,603 million, thanks to the strong performance of net interest income, up 2.9% to 2,015 million, and fee and commission income, which grew 4.5% to 930 million on the back of strong off-balance sheet product sales. Profit attributable to the banking and insurance business, excluding real estate activity and the investments portfolio, stood at 665 million at June 30. Pre-impairment income grew by 6.8%, excluding non-recurring costs, to 1,719 million, backed by the strong performance of banking business revenues and the 6.7% drop in recurring expenses secured by optimizing the Group's structure and harnessing synergies. Net interest income grew 2.9% to 2,015 million, thanks to effective management of margins and retail savings and a substantial drop in funding costs. Total funds stood at 309,337 million, up 1.9% or 5,733 million. Retail customer funds rose by 4.2% to 270,209 million, and off-balance sheet funds (including mutual funds and pension plans) increased by 5.5%, or 3,091 million. CaixaBank leads the sector in the main financing products: 14.9% total loans, 15.9% mortgages and 17.6% factoring and reverse factoring. The deleveraging of the loan portfolio which dropped 3.7% this half, with a focus on decreasing exposure to the real estate developer sector (-16.3%) showed signs of slowing in the second quarter (-0.9%). The NPL ratio fell for the second consecutive quarter to 10.78%, with a total decrease of 88bp in 1H14 and a substantial 11% drop in NPLs, down for the fourth quarter running. The NPL coverage ratio now stands at 59% and the NPL ratio excluding the real estate sector is 6.5%. CET1 under Basel III is 12.7%, whilst CET1 fully loaded stands at 12.4%. Capital generation for the quarter was 150bp in CET1, of which 61bp was organic generation.
2 Outstanding liquidity position of 63,478 million, up 2,716 million YTD. CaixaBank has also consolidated its improved financing structure, as demonstrated by the 8pp drop in the loan to deposit ratio to 102%. Coverage for foreclosed real estate assets stands at 53.3%. Properties rented or sold amounted to 1,213 million, up 10% year on year. Sales and rentals of balance sheet real estate assets, including developers and taking into account the original investment, stand at 2,651 million. Barcelona, July 25, CaixaBank, with Isidro Fainé as Chairman and Gonzalo Gortázar as CEO, posted net attributable profit of 305 million in the first half of This figure was down 25.3% versus 1H13, when the impact of various non-recurring items mainly the negative goodwill generated through the Banco de Valencia acquisition and the requirements of Royal Decree Law 18/2012 was recognized under different financial statement headings. In 1H14, CaixaBank reinforced its banking business, generating 6.8% growth in pre-impairment income, and defended its leadership position in the Spanish banking sector, after intense commercial activity underpinned strong market shares for the main products and services. January - June Change million % Financial income 4,350 4,769 (8.8) Financial expenses (2,335) (2,810) (16.9) Net interest income 2,015 1, Dividends Share of profit (loss) of entities accounted for using the equity method (64.1) Net fees and commissions Gains on financial assets and exchange rate differences Other operating income and expenses (79) (101) (22.0) Gross income 3,603 3,629 (0.7) Recurring expenses (1,884) (2,019) (6.7) Extraordinary expenses (821) Pre-impairment income 1, Pre-impairment income stripping out extraordinary costs 1,719 1, Impairment losses on financial assets and others (1,314) (2,876) (54.3) Gains/(losses) on disposal of assets and others (102) 2,161 Pre-tax income Income tax (99.5) Profit for the period (24.4) Minority interest (5) Profit attributable to the Group (25.3)
3 The first half of the year also saw the conversion of "la Caixa" into the "la Caixa" Banking Foundation, chaired by Isidro Fainé, and the beginning of the process to transfer its stake in CaixaBank 58.9% at June 30, 2014 to Criteria CaixaHolding. As part of the corporate reorganization of the "la Caixa" Group required to adapt to the new Law governing Savings Banks and Banking Foundations, and of the internal restructuring of CaixaBank stemming from the implementation of the new Law, the Board of Directors approved the appointment of Gonzalo Gortázar as the new CEO of CaixaBank. (1) As at June 30, Fully diluted stake of 56% in CaixaBank was also recently named Best Retail Bank for Technology Innovation for the second year running by the British publication Euromoney, thanks to its multi-channel strategy and its success in adapting technological progress to meet its clients' needs. Total funds grow by 1.9% or 5,733 million CaixaBank continues to lead the Spanish market with 13.6 million clients, 5,695 branches and total assets of 336,849 million. Market share customer penetration stands at 27.4%, and for 22.7% CaixaBank is their preferred bank. Commercially, the Group continues to focus its efforts on attracting and forging links with clients, as demonstrated by the 387,380 payroll deposits secured in 1H14, up 76% year on year. A total of 1,189,076 new risk insurance policies (life and general) were also taken out over the period, reflecting growth of 34% versus June 2013.
4 In early March, the company launched its CaixaNegocios commercial strategy; by the end of June, this strategy had attracted 140,972 new clients and contributed to securing a 30.98% market share in the self-employed segment, up 165bp on June Total funds stood at 309,337 million, up 1.9% or 5,733 million over the first half. Retail funds climbed by 4.2% or 10,965 million to reach 270,209 million, and offbalance sheet resources grew by 5.5% or 3,091 million. Leadership position in the main financing products CaixaBank defended its leading market shares in the main financing products: 14.9% total loans, 15.9% mortgages and 17.6% factoring and reverse factoring, evidence of the entity's firm commitment to backing its clients' projects and reinforcing the productive system. In the first half of the year, it granted 974 million in consumer loans through almost 200,000 transactions, a 151% increase in volume. Various corporate financing agreements were also signed in the first half of 2014, giving rise to new credit lines worth over 8,500 million. Gross customer lending stood at 199,572 million, down 3.7% over the first half. The reduction of the performing loan portfolio was a mere 2.6%. This drop was impacted mainly by the sector-wide deleveraging process and the reduction in exposure to the real estate developer sector (down 16.3% or 3,249 million). However, the 0.9% quarter-on-quarter drop shows a clear stabilization of deleveraging. CaixaBank's portfolio is highly diversified, with 75% dedicated to retail lending (individuals and SMEs).
5 Recurring expenses driven down to 6.7% Pre-impairment income reached 1,719 million, up 6.8% year on year excluding non-recurring expenses registered in 1H13. This increase was backed by the company's strong income generation capacity; gross income stood at 3,603 million, with steady growth in core income from the banking business. Net interest income rose by 2.9% to 2,015 million, thanks to effective management of margins and retail savings and a substantial drop in financial costs. At the same time, fee and commission income grew 4.5% to 930 million, mainly thanks to the increase in offbalance sheet product sales. Mutual fund fees jumped 31.5%, whilst fees from banking services fell 3.3%. In addition to the above, recurring expenses were driven down by 6.7%, thanks to cost streamlining and the intense process to optimize the Group's structure. Synergies harnessed allowed for cost savings of 310 million in 1H14, out of total estimated annual synergies for 2014 of 654 million. Cost of risk falls to 1.17% In the first half of 2014, impairment losses on financial and other assets stood at 1,314 million. The volume of provisions recognized fell significantly, by 54.3% year on year, given the impact of non-recurring items in The improved risk landscape and efforts made in previous quarters in terms of provisioning and the increased risk coverage generated a 69bp reduction in the cost of risk (the ratio of total annualized loan-loss provisions to total gross customer loans and contingent risk) to 1.17% in 1H14.
6 Income from equity investments dropped 49% in 1H14 to 224 million. Results from companies accounted for using the equity method include CaixaBank's share of profits of associates. The 64.1% year-on-year decline was due mainly to the impact of the non-recurring result attributable to Erste Group Bank; this estimated loss is fully recognized in the 1H14 financial statements. Market opportunities allowed the Group to harness underlying capital gains derived mainly from available-for-sale financial assets and the hedging of issuances. These include capital gains of 47 million in 1Q14 from the sale of the company's entire stake in Bolsas y Mercados Españoles. Gains/(losses) on disposal of assets and others primarily comprises gains on non-recurring transactions completed during the period and results and write-downs on the real estate portfolio. In 1H13, it included the impact of the negative goodwill generated through the Banco de Valencia transaction. Downward trend in NPLs intensifies with 88bp drop in NPL ratio The NPL ratio fell for the second consecutive quarter, with a total drop of 88bp in 1H14 and 58bp in 2Q14 to reach 10.78%, below the sector average in May of 13.39%, with a coverage ratio of 59%. This reduction was largely thanks to the substantial 11% drop in NPLs, which fell for the fourth consecutive quarter and helped offset the impact of the deleveraging process. NPLs ( million) 1 Stripping out the impact of the real estate sector, the NPL ratio stood at 6.50%, down 16bp over the first half. The NPL ratio in loans for home purchases fell for the fourth consecutive quarter to reach 4.29%.
7 Real estate sales and rentals by BuildingCenter up 10% The intense activity of BuildingCenter, CaixaBank s real estate subsidiary, enabled sales and rentals of real estate assets for a total of 1,213 million in 1H14, up 10% year on year. Total properties sold or rented stand at 11,456. Sales and rentals of balance sheet real estate assets, including developers and taking into account the original investment, stand at 2,651 million, with 17,893 assets sold. In addition, CaixaBank's rental portfolio stood at 2,285 million net of provisions at June 30, The rental portfolio occupancy rate is 88%. The net carrying amount of foreclosed real estate assets available for sale stood at 6,747 million, with a coverage ratio of 53.3%. Balance sheet liquidity over three times higher than amount drawn on the ECB facility Liquidity stands at 63,478 million, following an increase of 2,716 million over the first half. This comfortable liquidity position has allowed the company to repay 25,084 million in ECB funding year to date, taking into account the incorporation of Banco de Valencia. On June 30, balance sheet liquidity ( 32,145 million) was over three times higher than the amount drawn on the ECB facility ( 9,000 million). CaixaBank has also consolidated its improved financing structure, as demonstrated by the 8pp drop in the loan to deposit ratio to 102%.
8 Robust CET1 BIS III of 12.7% and CET1 BIS III fully loaded of 12.4% On June 30, 2014, CaixaBank s Common Equity Tier 1 (CET1) BIS III stood at 12.7%, in line with the progressive implementation for this year. Capital generation over the first half increased 150bp, of which 61bp was organic capital generation and 89bp originated from the conversion of Series I/2012 and Series I/2011 mandatorily convertible subordinated bonds in March and June 2014 respectively. Total eligible equity (Tier Total) was 15.8%, up 39bp on March On a fully-loaded Basel III basis, CaixaBank has a CET1 ratio of 12.4%, which is 7,682 million higher than the fully loaded minimum requirement of 7%. Risk-weighted assets (RWA) amounted to 144,019 million, a 7,442 million reduction over the first half, mainly as a result of the drop in lending activity. Profit from the banking and insurance business amounted to 665 million In the first half, information for the banking and insurance business is presented separately from the real estate business, as these assets receive special treatment. Profit attributable to the banking and insurance business (excluding real estate) totaled 665 million in 1H14. Profit attributable to the equity investment business stood at 108 million in the first half of the year. During the first half, the real estate business generated a net loss of 468 million. The real estate business includes loans managed by a business unit operating mainly through specialized real estate loan centers, foreclosed real estate assets (available for sale and rental) mainly owned by the real estate subsidiary BuildingCenter, and other real estate assets and subsidiaries.
9 Robust CET1 BIS III of 12.7% and CET1 BIS III fully loaded of 12.4% On June 30, 2014, CaixaBank s Common Equity Tier 1 (CET1) BIS III stood at 12.7%, in line with the progressive implementation for this year. Capital generation over the first half increased 150bp, of which 61bp was organic capital generation and 89bp originated from the conversion of Series I/2012 and Series I/2011 mandatorily convertible subordinated bonds in March and June 2014 respectively. Total eligible equity (Tier Total) was 15.8%, up 39bp on March On a fully-loaded Basel III basis, CaixaBank has a CET1 ratio of 12.4%, which is 7,682 million higher than the fully loaded minimum requirement of 7%. Risk-weighted assets (RWA) amounted to 144,019 million, a 7,442 million reduction over the first half, mainly as a result of the drop in lending activity. Profit from the banking and insurance business amounted to 665 million In the first half, information for the banking and insurance business is presented separately from the real estate business, as these assets receive special treatment. Profit attributable to the banking and insurance business (excluding real estate) totaled 665 million in 1H14. Profit attributable to the equity investment business stood at 108 million in the first half of the year. During the first half, the real estate business generated a net loss of 468 million. The real estate business includes loans managed by a business unit operating mainly through specialized real estate loan centers, foreclosed real estate assets (available for sale and rental) mainly owned by the real estate subsidiary BuildingCenter, and other real estate assets and subsidiaries.
10 la Caixa Welfare Projects: 500 million for the seventh year running In 2014, for the seventh year running, the Banking Foundation of Caja de Ahorros y Pensiones de Barcelona la Caixa Banking Foundation which is the majority shareholder in CaixaBank, is allocating a budget of 500 million to its la Caixa Welfare Projects. Once again, this makes the la Caixa Foundation Spain s top private foundation and one of the largest in the world. On June 16, with the filing in the Registry of Foundations, Caja de Ahorros y Pensiones de Barcelona concluded its transformation into "la Caixa" Banking Foundation to adapt to the Law governing Savings Banks and Banking Foundations passed on December 27. The liquidation of the "la Caixa" Foundation and its integration into the Banking Foundation is due to be completed in mid-october. This organizational shift will breathe new life into the "la Caixa" Welfare Projects, reinforcing their operational capacity. The Welfare Projects will now be managed directly by the Banking Foundation itself. Ultimately, these measures seek to reinforce the social actions undertaken by "la Caixa" and further cement the entity's true vocation, which has remained unchanged since its inception: a commitment to people and to social progress. CaixaProinfancia, a program designed to break the cycle of poverty in families with limited resources, has provided aid for 41,770 boys and girls in vulnerable situations. The Fundación de la Esperanza, which carries out direct social action at its Community Center in Barcelona s Gothic Quarter, has provided assistance for over 1,000 people in its first year in operation. As part of the program to offer comprehensive care for sufferers in the advanced stages of diseases, support has been offered to 7,136 patients and their families. Within this project, an agreement with the Ministry of Health, Social Services and Equality is to allow this initiative to be rolled out to 100 healthcare centers across Spain, as well as promoting healthcare for vulnerable groups. The elderly are another priority group. Over 378,000 senior citizens have participated in initiatives from the "la Caixa" active aging program, offered at 608 centers across Spain. In the first half of the year, the Foundation also worked on social and professional reintegration of prisoners nearing the end of their sentences, promotion of volunteer work (5,900 la Caixa employees now participate in voluntary social initiatives), and promotion of social cohesion in areas of significant cultural diversity.
11 The various programs dedicated to helping people access social housing now comprise over 21,500 apartments with prices substantially lower than the market average, available through various different rental formats (the affordable, solidarity and social housing programs). The Foundation continues to promote education as a driver of progress at both the individual and group level. Over 1.1 million students from 5,082 schools participated in the educational initiatives provided by the la Caixa Foundation in the first half of the year. Another recent highlight was the awarding of 120 new grants to students to extend their postgraduate studies at top international universities. In the field of science awareness, the Foundation has kicked off the celebrations for the tenth anniversary of the CosmoCaixa center in Barcelona. During the period, 7,854,000 people visited the center to enjoy some of its 29 exhibitions or to participate in one of the almost 2,100 activities offered. Promoting culture as a tool for personal and societal growth is another of the Foundation s main lines of action, which in 1H14 culminated with the inauguration of CaixaForum Zaragoza, the first newly-built center of its kind. The building was designed by the architect Carme Pinós, and opened its doors with an impressive inaugural project: two simultaneous exhibitions from the collections of "la Caixa" to offer the general public access to contemporary art with a didactic approach. These inaugural exhibitions at CaixaForum Zaragoza form part of the broad range of exhibitions offered by the CaixaForum network, which currently includes Le Corbusier: An Atlas of Modern Landscapes (Madrid); Sorolla: The Color of the Sea; Captive Beauty. Small Treasures from the Prado Museum (Barcelona); and George Méliès: The Magic of Cinema (Palma), among others. Alongside its cultural endeavors, the "la Caixa" Foundation maintains its firm support for research and continues to foster advances in knowledge at the university level through the RecerCaixa program. It has also continued to support research into AIDS (irsicaixa), cancer (the la Caixa Molecular Therapy Unit at the Hospital Vall d Hebron), endoscopic gastrointestinal surgery (Centro Wider), neurodegenerative diseases (in cooperation with CSIC and in the framework of the BarcelonaBeta Project) and cardiovascular diseases (CNIC), among others.
12 Key indicators for the CaixaBank Group million January - June Change 2Q14 1Q14 INCOME STATEMENT Net interest income 2,015 1, % 1, Gross income 3,603 3,629 (0.7%) 1,834 1,769 Pre-impairment income stripping out extraordinary costs 1,719 1, % Pre-impairment income 1, % Profit attributable to the Group (25.3%) million June'14 March'14 December'13 Quarterly change Annual change BALANCE SHEET Total assets 336, , , % (1.0%) Equity 24,950 24,467 24, % 2.5% Total funds 309, , , % 1.9% Retail funds 270, , , % 4.2% Wholesale funds 39,128 44,613 44,360 (12.3%) (11.8%) Customer loans, gross 199, , ,231 (0.9%) (3.7%) EFFICIENCY AND PROFITABILITY (last 12 months) Cost-to-income ratio (Total operating expenses/ gross income) 58.0% 58.9% 72.2% (0.9) (14.2) Cost-to-income ratio stripping out extraordinary costs 57.7% 57.7% 59.5% 0.0 (1.8) ROE (profit attributable to the Group/ average equity) 1.7% 1.4% 2.1% 0.3 (0.4) ROA (net profit / average total assets) 0.1% 0.1% 0.1% RORWA (net profit / Risk-weighted assets) 0.3% 0.3% 0.4% 0.0 (0.1) ROTE (attributable profit / average tangible equity) 2.1% 1.7% 2.7% 0.4 (0.6) RISK MANAGEMENT Non-performing loans 22,568 24,013 25,365 (1,445) (2,797) Non-performing loan (NPL) ratio 10.78% 11.36% 11.66% (0.58) (0.88) Non-performing loan (NPL) ratio stripping out real estate developers 6.70% 6.80% 6.83% (0.10) (0.13) Allowances for non-performing loans 13,303 14,668 15,478 (1,365) (2,175) NPL coverage ratio 59% 61% 61% (2) (2) NPL coverage ratio including collateral 138% 140% 140% (2) (2) NPL coverage ratio stripping out real estate developers 61% 64% 63% (3) (2) Foreclosed available for sale real estate assets 6,747 6,412 6, Foreclosed available for sale real estate assets coverage ratio 53% 53% 54% (0) (1) of which: land coverage 64% 64% 65% (0) (1) LIQUIDITY Liquidity 63,478 65,003 60,762 (1,525) 2,716 Loan to deposits 101.8% 105.0% 109.9% (3.2) (8.1) SOLVENCY - BIS III Common Equity Tier 1 (CET1) 12.7% 12.4% 11.2% Tier Total 15.8% 15.5% 14.7% Risk-Weighted Assets (RWA) 144, , ,461 (3,203) (7,442) Surplus CET1 11,798 11,563 10, ,657 Surplus Tier Total 11,299 10,973 10, ,144 Leverage ratio 5.6% 5.7% 5.5% (0.1) 0.1 Common Equity Tier 1 (CET1) fully loaded 12.4% 12.1% 11.7% SHARE INFORMATION Share price ( /share) (0.163) Market capitalization 24,554 23,716 19, ,509 Number of shares outstanding 1 (thousands) (Excluding treasury shares) 5,592,619 5,400,109 5,025, , ,200 Book value per share - fully diluted ( /share) Number of shares - fully diluted (thousands) 5,592,674 5,549,788 5,498,274 42,886 94,400 Net income attributable per share (EPS) ( /share) (12 months) (0.02) Average number of shares - fully diluted (thousands) 5,594,935 5,457,543 5,416, , ,925 PER (Price/ Profit) (13.44) PBV (Market value/ book value) (0.05) 0.16 BANKING BUSINESS AND RESOURCES (Units) Customers (millions) CaixaBank Group Employees 31,574 31,682 31,948 (108) (374) Branches 5,695 5,716 5,730 (21) (35) ATMs 9,661 9,606 9, (1)In March 2014 includes the 323,146,336 new shares issued to cover the conversion of Series I/2012 mandatorily convertible and/or exchangeable subordinated bonds. The shares began trading on the main market on April 14, In June 2014 includes the 149,484,999 new shares issued to cover the conversion of Series I/2011 mandatorily convertible subordinated bonds. The shares began trading on the main market on July 14, 2014.
13 Consolidated Profit & Loss Account, CaixaBank Group January - June Change mil li on % Financial income 4,350 4,769 (8.8) Financial expenses (2,335) (2,810) (16.9) Net interest income 2,015 1, Dividends Share of profit (loss) of entities accounted for using the equity method (64.1) Net fees and commissions Gains on financial assets and exchange rate differences Other operating income and expenses (79) (101) (22.0) Gross income 3,603 3,629 (0.7) Recurring expenses (1,884) (2,019) (6.7) Extraordinary expenses (821) Pre-impairment income 1, Pre-impairment income stripping out extraordinary costs 1,719 1, Impairment losses on financial assets and others (1,314) (2,876) (54.3) Gains/(losses) on disposal of assets and others (102) 2,161 Pre-tax income Income tax (99.5) Profit for the period (24.4) Minority interest (5) Profit attributable to the Group (25.3)
PRESS RELEASE RESULTS FIRST QUARTER 2012 The institution demonstrates its robust capacity to generate income CaixaBank absorbs the entire impact of the financial reforms implemented under Royal Decree-Law
Contents 4 Key figures 5 Key Group information 8 Trends in results and business activity 8 Macroeconomic trends 10 Results 22 Business activity 25 Risk management 31 Liquidity and financing structure 33
RESULTS 2014 Santander grows business in all markets and makes a profit of EUR 5.816 billion in 2014 In 2014, Santander continued to support its clients, growing loans by 5%. We did it with a sustained
RESULTS JANUARY MARCH 2016 Santander Q1 profit reaches EUR 1.633 billion, 5% less year on year and up 8% excluding FX impact Our Q1 results are ahead of plan and we continue to deliver on all our commitments.
Leveraging our capital strength to enhance shareholder value 27 th March 2012 Important Note The purpose of this presentation is purely for information purposes. In particular, regarding the data provided
Morgan Stanley- European Financials Conference Delivering sustainable risk-adjusted growth Juan María Nin, President and CEO of la Caixa London, March 29th 2011 la Caixa Disclaimer The information contained
VII Spanish Banking Day CaixaBank: riding out the storm Gonzalo Gortázar, CFO Barcelona, October 10 th 2011 la Caixa Disclaimer The information contained in this presentation does not constitute an offer,
IR release 2 November 2015 Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8% Operating profit in Group in third quarter at EUR 429 m (Q3 2014:
Press Release Banco Santander s profit rose 90% to EUR 4.370 billion in 2013 BUSINESS. Deposits were stable at EUR 607,836 million, while mutual funds grew by 14% to EUR 93,304 million. Loans decreased
Consolidated Results Presentation Second quarter, 2015 Índice general KEY QUARTERLY HIGHLIGHTS MOST SIGNIFICANT FIGURES RESULTS BUSINESS BRANCHES AND EMPLOYEES RISK MANAGEMENT LIQUIDITY CAPITAL PERSPECTIVES
Morgan Stanley European Financials Conference Bankia Overview March 2014 Mr. Leopoldo Alvear - CFO Bankia Contents 1. Strategy and restructuring plan 2. 2013 results 3. Asset quality and risk management
FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075 FirstMerit
January June 2015 Results: BBVA earns 2.76 billion in the first half of the year Activity: The BBVA Group s gross lending to customers increased 11% in the last year. In Spain, new production for loans
Santander in the world Santander in Olive trees more than 1,000 years old at Grupo Santander City, Boadilla del Monte, Madrid The results of clearly show the Bank s capacity to solidly weather this difficult
QUARTERLY REPORT 2Q14 APRIL-MAY-JUNE Main highlights (Amounts in thousand) 30.06.14 30.06.13 Var. % Business volume Total assets managed 173,535,322 174,362,869 (0.5) On-balance sheet total assets 157,180,162
We want to help people and businesses prosper 2015 Financial report January - March Financial report 3 Key consolidated data 4 Highlights of the period 6 Santander aim 8 General background 9 Income statement
IR release 12 February 2016 Commerzbank: Strategy successful net profit of over 1 billion euros and dividend Operating profit in 2015 more than doubled to EUR 1,909 m (2014: EUR 689 m) Operating profit
Press release For business desks 7 November 2013 Commerzbank: operating profit of EUR 103 m in third quarter Revenues before loan loss provisions almost stable at EUR 2.3 bn despite seasonal effects Annual
BAWAG P.S.K. REPORTS RECORD NET PROFIT OF EUR 333 MILLION, +45% Net profit EUR 333 million, +45% versus prior year Return on equity 14.9%, +3.3pts Core revenues EUR 890 million, +16% Operating expenses
Warsaw, February 12, 2015 Subject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014 Legal basis: Art. 5 section 1 item 25) of the Ordinance
In the first half of 2006, China s economy experienced steady and swift growth as evidenced by a 10.9% surge in GDP. In order to prevent the economy from getting overheated and to curb excess credit extension,
PRESS RELEASE BANCA SISTEMA GROWING ACROSS ALL BUSINESS LINES WITH A NET INCOME UP BY 21% YoY 1 Business performance Factoring: turnover +20% yoy and growing customer base from 124 in 2014 to 294 in 2015
Annual Earnings Report December 2013 3 rd February 2013 CONTENTS Page Introduction 2 1. Relevant data 3 2. Highlights of the period 4 3. Global economic environment 7 4. Analysis of results 8 5. Balance
BANCO BPI, S.A. Publicly held company Share capital: 1 293 063 324.98 Registered in Oporto C.R.C. and corporate body no. 501 214 534 Head Office: Rua Tenente Valadim, no.284, Porto, Portugal www.ir.bpi.pt
Press release For business desks 7 May 2015 Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015 Revenues before loan loss provisions in the Group increased year-on-year
Mercantile Bank Corporation Reports Strong First Quarter 2013 Results Diluted earnings per share increased 79 percent Continued asset quality improvement and outlook remains positive GRAND RAPIDS, Mich.,
Speech of Mr. José Antonio Álvarez, Chief Executive Officer of Banco Santander at the General Shareholders Meeting, March 18, 2016 Mr. President of Cantabria. Vice-president and distinguished officials
27 June FOURTH SUPPLEMENT TO THE BASE PROSPECTUS IN RESPECT OF THE STRUCTURED PRODUCTS PROGRAMME FOR THE ISSUANCE OF NOTES ABN AMRO BANK N.V. (Registered at Amsterdam, The Netherlands) ABN AMRO Structured
NEWS RELEASE FOR FURTHER INFORMATION: WEBSITE: www.bnccorp.com TIMOTHY J. FRANZ, CEO TELEPHONE: (612) 305-2213 DANIEL COLLINS, CFO TELEPHONE: (612) 305-2210 BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME
29 April 2014 1 Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in various places
7 May 2014 HSBC BANK CANADA FIRST QUARTER 2014 RESULTS Profit before income tax expense for the quarter ended 2014 was C$233m, a decrease of 13.4% compared with the same period in and broadly unchanged
SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB
News Release January 28, 2016 Performance Review: Quarter ended December 31, 20% year-on-year growth in total domestic advances; 24% year-on-year growth in retail advances 18% year-on-year growth in current
October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 email@example.com TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q3 2015 DALLAS - October 21, 2015
Bank Millennium S.A. Date: 3 rd February 2014 Current Report No. 8/2014 SUBJECT: Preliminary 2013 results of Bank Millennium Group. Bank Millennium Group (the Group ) consolidated net profit in 2013 reached
Full Year 2011 Results Participation in PSI+ 1 leads to additional impairment of Euro 3.2 billion Core Tier I at Euro 1.3 billion 2 post PSI+ related impairment Balance sheet structure absorbed adverse
Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB
4 th Quarter 2015 Quarterly Report Main highlights (Amounts in thousand) 31.12.14 31.12.15 Var. % Business volume Total assets managed 179,170,945 179,431,235 0.1 On-balance sheet total assets 161,456,478
Interim Financial Report 2015 ABN AMRO Bank N.V. Notes to the reader Introduction This is the Interim Financial Report for the year 2015 of ABN AMRO Bank N.V. (ABN AMRO Bank). ABN AMRO Bank N.V. is a wholly
CONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009 (March 1, 2009 to May 31, 2009) July 9, 2009 F&A Aqua Holdings, Inc. is listed on the First Section of the Tokyo Stock Exchange under the securities
PRESS RELEASE BANCA SISTEMA: NET INCOME +36% IN H1 2015 1 Rising factoring turnover: +36% % in H1 2015 compared with H1 2014 +37% in Q2 2015 compared with Q2 2014 Net interest income up by 20% compared
Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15 Positive operating leverage of 3% on a year-over-year Adjusted basis* Good traction continues on strategic growth and
Exhibit 99.1 FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075
Komerční banka continued in 2012 to deliver growth in business and profitability Net profit reached CZK 14.0 billion for the year Prague, 13 February 2013 KB Group increased the volume of loans provided
Press release, 24 February 2015 ARION BANK S 2014 FINANCIAL RESULTS Arion Bank reported net earnings of ISK 28.7 billion for the year 2014, compared with ISK 12.7 billion for the year 2013. Return on equity
Third Quarter 2014 Financial Results Core pre-provision income up by 8.0% in the third quarter 2014. Operating expenses further down by 3.7% q-o-q and 11.4% y-o-y on a comparable basis. Accelerated provisioning
Financial Results 3Q 2014 5th November 2014 Disclaimer This document was prepared by LIBERBANK, S.A., ("LIBERBANK") and is presented exclusively for informational purposes. It is not a prospectus and does
Media Release OCBC Group Full Year 2015 Net Profit at S$3.90 billion Full Year core earnings increased 13% to a new record Fourth Quarter net profit up 21% from a year ago and 6% from the previous quarter
Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009 Table of Contents 1. Financial Highlights 3 2. Consolidated Financial Statements of Fortis
PIRAEUS BANK GROUP IMPROVED Q.205 GROUP RESULTS - Net Profit of 23 mn for Parent Piraeus Bank Management Statements The forthcoming agreement between Greece and the Institutions is significant, as it will
I will now give you an overview of our third quarter financial results using the document titled Consolidated Results of Operations. Please turn to page two. 1 For the nine months to December, net revenue
BANK OF GHANA E S T. 1 9 5 7 Bank of Ghana Monetary Policy Report Financial Stability Report Volume 5: No.1/2013 February 2013 5.0 Introduction Conditions in global financial markets have improved significantly
250 Glen Street Glens Falls, NY Contact: Timothy C. Badger Tel: (518)745-1000 Fax: (518)745-1976 TO: All Media DATE: Tuesday, April 19, 2011 Arrow Reports Solid First Quarter Operating Results and Strong
INTERIM MANAGEMENT STATEMENT Presentation to analysts and investors 28 October HIGHLIGHTS FOR THE FIRST NINE MONTHS OF Continued successful execution of our strategy and further improvement in financial
Frankfurt, June 5th 2009 Goldman Sachs European Financials Conference Mr. Roberto Higuera, CEO Disclaimer This presentation has been prepared by Banco Popular solely for purposes of information. It may
Q3 2015 Earnings 10 November 2015 Highlights first three quarters 2015 Financial & business highlights Net profit of 320m, up 22% vpy RoE of 16.9% Stable net interest income NIM up 28bps to 2.13% vpy Continued
Press Release: 20 April, 2009 SCB Announces its First Quarter, 2009 Financial Results Despite Adverse Headwinds, a Beacon of Strength & Resilience Bangkok: The global economic turmoil shows no signs of
Prague, 10 November 2011 9M 2011 financial results of the ČSOB group 1 NET PROFIT AT CZK 8.9 BN: VOLUMES AND REVENUES FROM LOANS AND DEPOSITS UP, CREDIT COSTS DOWN In 9M 2011, the ČSOB group reported net
Exhibit 99.1 1000 Walnut Street / Suite 700 / Kansas City, Missouri 64106 / 816.234.2000 CBSH FOR IMMEDIATE RELEASE: Wednesday, January 20, 2016 COMMERCE BANCSHARES, INC. ANNOUNCES FOURTH QUARTER EARNINGS
Santander delivers 6 th year of double digit profit growth London, 3 rd February 2011 This statement provides a summary of the unaudited business and financial trends for the year ended 31 December 2010.
We only advise on our own life assurance, pensions and unit trusts The following is the text of an announcement made today by HSBC Bank Malta p.l.c., a 70.03 per cent indirectly held subsidiary of HSBC
Stefan Jütte Chairman of the Management Board Annual General Meeting Deutsche Postbank AG Frankfurt am Main, May 24, 2011 Check against delivery Dear shareholders, dear shareholder representatives, dear
Banco Santander s balance sheet and income statement 369 Balance sheet at 31 december 2015 with distribution of income ASSETS December 2015 1. Cash and balances with central banks 12,423,923,169 2. Financial
PRESS RELEASE GENERAL SHAREHOLDERS MEETING Ana Botín: Santander is well positioned to face the challenges. We will lead change Banco Santander has room for growth within our customer base and in our ten
For Immediate Release Contact: Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: firstname.lastname@example.org UNIVERSITY BANCORP 2Q2015 PROFIT $2,184,026, $0.427 PER SHARE Ann
74 KOÇ HOLDİNG ANNUAL REPORT 2014 if not us, then WHO WE WORK DAY AND NIGHT TO PROVIDE THE BEST PRODUCTS AND SERVICES TO OUR CUSTOMERS AND EXPAND OUR SERVICE NETWORK IN THE FINANCE SECTOR KOÇ HOLDİNG ANNUAL
Interim Abbreviated Consolidated Financial Statements of BNP Paribas Bank Polska SA Group for the Third Quarter 2011 BNP Paribas Bank Polska SA with its registered office at ul. Suwak 3, registered with
Company Announcement The following is a Company Announcement by Lombard Bank Malta p.l.c. pursuant to Malta Financial Services Authority Listing Rules: Quote The Board of Directors of Lombard Bank Malta
Santander BanCorp Press release For more information contact: Puerto Rico New York José González de Castejón (787) 759-9094 Ana Calvo de Luis (212) 350-3903 Margie Alvarez (787) 250-3025 SANTANDER BANCORP
2015 Earnings March 3, 2016 Highlights 2015 Delivering strong results all 2015 goals outperformed Financial & business highlights Net profit of 418m, up 26% vpy RoE of 16.2% Increasing net interest income
Second Quarter Results 2014 Investor presentation Second Fourth Quarter and Results 2015 Full Year Results 2014 Press conference Christian Investor Clausen, presentation President and Group CEO Christian
DBS Group Holdings Ltd Incorporated in the Republic of Singapore Company Registration Number: 199901152M To: Shareholders The Board of Directors of DBS Group Holdings Ltd ( DBSH ) reports the following:
Copenhagen Stock Exchange London Stock Exchange Bourse de Luxembourg Other stakeholders Stock Exchange Announcement No 01/07 Group Executive Management Peberlyk 4 PO Box 1038 DK-6200 Aabenraa Tel +45 74
News Release For Immediate Release Contact: Thomas Duryea, President and CEO, Summit State Bank (707) 568-4920 Summit State Bank Reports Continued Profitability; Strong Margins and Deposit Growth SANTA
Financial Results as at 31 March 2004 (International Financial Reporting Standards) Prague - 30 April 2004 CONTENT Business Performance Financial Performance Loan Portfolio Development Appendix Financial
Webcast and Conference call 1H 216 financial results 22 August 216 Vladimir Chubar CEO, Member of the Supervisory Board Eric de Beauchamp Senior Vice President Financial highlights Key metrics of financial
Managing diversified businesses against challenging conditions April 21, 2003 DBS Group Holdings 1Q 2003 Financial Results Presentation to Media and Analysts This presentation is available at www.dbs.com/investor
of ALTERNA BANK 1. Scope of Application CS Alterna Bank, a member of the Canada Deposit Insurance Corporation ( CDIC ), operates under the name Alterna Bank. It is a Schedule 1 Bank and received letters
Deutsche Bank Financial Data Supplement 2Q2013 30 July 2013 1 2 2Q2013 Financial Data Supplement Deutsche Bank consolidated Financial summary 2 Group Core Bank Non-Core Operations Unit 3 Consolidated Statement
News Release April 29, Performance Review: Quarter ended March 31, 16% year-on-year growth in domestic advances; retail portfolio crossed ` 2,00,000 crore (US$ 30.2 billion) during the quarter ended March
INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes INTERIM FINANCIAL STATEMENT AS PER
Alm. Brand A/S H1 2010 Conference call 1 Alm. Brand Three business areas Non-life insurance 4th largest in DK 400,000 customers* 200,000 pluskunder* Banking 65,000 customers* Supports non-life Life insurance