2015 Earnings. March 3, March 3, 2016 BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "2015 Earnings. March 3, 2016. March 3, 2016 BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft"

Transcription

1 2015 Earnings March 3, 2016

2 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 and margins NII up 7% and NIM up 15bps to 2.06% vpy Continued focus on efficiency cost-income ratio down 4.9pts to 46.7% vpy Solid risk profile risk costs down 44% to 46m Total asset originations of 4.9b customer loans up 14% driven by organic and inorganic growth CET1 ratio of 13.1% 1) (post dividend) on a fully loaded basis up 100bps vpy easybank rated #1 direct bank in Austria total accounts up 10% to 556,000 vpy BAWAG P.S.K. named Bank of the Year 2015 in Austria by The Banker magazine Dividend distribution of 325m proposed Performance vs. targets 2015 Targets Performance Net profit > 400m 418m Return on equity >14% 16.2% Net cost-out 5-10% 2) 10.0% Cost-income ratio <50% 46.7% NPL ratio <2.5% 2.1% CET1 ratio (FF) 12% 13.1% Total capital ratio (FF) 16% 16.0% Leverage ratio (FF) >6% 6.2% Liquidity coverage ratio >100% 137% FF Fully fledged 1) Year-end 2015 capital ratios (i.e. CET1 ratio of 13.1% and total capital ratio of 16.0%, both on a fully loaded basis) fully reflect a potential dividend distribution of 325m 2) Based on core operating expenses 20m provisioned in Q4 15 to address further cost-out opportunities 2

3 Performance scorecard Strong results across all key indicators RoE NIM Cost-income 14.9% +1.3pts 16.2% 1.91% +0.15pts 2.06% 51.6% (4.9pts) 46.7% Leverage (FF) CET1 (FF) 1) NPL 5.5% +0.7pts 6.2% 12.1% +1.0pt 13.1% 2.8% (0.7pts) 2.1% 1) Year-end 2015 capital ratios fully reflect a potential dividend distribution of 325m 3

4 Business segments Retail Banking & Small Business Corporate Lending & Investments Treasury Services & Markets millions Profit before tax millions Profit before tax millions Profit before tax +23% % (7%) V V V Core rev (2.1%) Opex (364) (321) (11.8%) Risk costs (42) (34) (18.8%) C/I ratio 64.7% 58.6% (6.1pts) Assets 9,579 12, % Retail net asset growth of 34% vpy Consumer lending originations of 480m market share up 120bps to 10.2% easybank balance sheet up 12% to 3.2b Finalized acquisition of former Volksbanken leasing business in October Closed acquisition of a high-quality residential loan portfolio in Western Europe in December Core rev % Opex (81) (84) 3.8% Risk costs (35) (6) (81.7%) C/I ratio 31.3% 30.0% (1.3pts) Assets 13,885 13,188 (5.0%) International business originations 3.5b in 2015 Strong credit profile across international assets Focus on stronger Western European countries (i.e. Germany, UK, France) and the United States CEE loan exposure further managed down Muted loan demand in Austria focusing on risk-adjusted returns and repricing Core rev % Opex (22) (19) (12.0%) Risk costs 0 0 C/I ratio 27.9% 26.9% (1.0pts) Assets 5,755 4,526 (21.4%) Continued focus on high credit quality, shorter duration and strong liquidity positions 98% investment grade portfolio (100% investment grade issuer ratings) No exposure to HETA no direct exposure to China, Russia, Hungary or South Eastern Europe CLO portfolio entirely sold in Q3 15 4

5 Financial performance Strong 2015 results across the Bank Income statement millions 2015 Chg. (%) Q4 15 Chg. (%) Net interest income Net commission income (6) 41.1 (6) Core revenues (1) Other revenues Operating income Operating expense (459.3) (4) (124.9) (7) Regulatory charges (35.2) 43 (17.8) >100 Risk costs (45.8) (44) (11.2) (57) Net profit Key ratios 2015 Chg. (pts) Q4 15 Chg. (pts) Return on equity 16.2% % 2.9 Return on tangible equity 16.9% % 2.9 Balance sheet millions 2015 Chg. (%) Dec 15 Chg. (%) Total assets 35, ,515 3 Customer loans and receivables 24, , Customer deposits 21, ,695 3 Own issues 4,505 (26) 4,505 (26) IFRS equity 2, , Risk-weighted assets 16,259 (3) 16,259 (3) Highlights Net profit up 26% vpy emphasis on high quality of earnings Core revenues up 4% vpy to 908m, with NII up 7% vpy to 722m Total operating expenses down 4% vpy continued focus on efficiency driving operational excellence Risk costs down 44% reflects low-risk balance sheet and repositioning of customer business Regulatory charges continued to increase (up 43%) bank levy, deposit guarantee scheme, bank resolution fund Customer loans increased by 2.9b, or 14% vpy new originations of 4.5b in Retail and International Business Customer deposits up 3% LCR at 137% Continued favorable trend across key financial metrics RoE and RoTE +1pt, RoRWA +1pt, Cost-income -5pts vpy 5

6 Core revenues Core revenue growth driven by customer loans and lower funding costs Core revenues millions NII NCI NIM 2.11% 2.07% 2.15% 2.11% 2.14% Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Summary Total year net interest income (NII) growth 7% driven by core product growth, pricing initiatives and lower funding costs Focus on consumer and international lending while re-pricing or exiting non-core assets Reduced funding costs blended deposit rate down to 0.32% versus 0.50% year-on-year Continued focus on balance sheet efficiency Total year net commission income (NCI) down 6% Impact of NCI mainly driven by sale of captive asset manager BAWAG P.S.K. INVEST and prior year 1-offs (down 10m vpy) Strong fund sales of 1.2b (up 4% vpy) Payments fee income stable despite significant pricing pressure 6

7 Operating expenses Restructuring investments paying off Operating expenses millions OPEX One-offs Cost-income ratio 54.2% 45.0% 46.4% Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Active FTEs 47.9% 47.4% ,836 2,696 2,619 2,565 2,622 Summary Significant progress in fixing structural cost imbalances... benefits materializing from prior years restructuring program Operating expenses down 4% vpy and core operating expenses down 10% vpy driven by sustainable long-term measures 20m provisioned in Q4 15 for further cost-out opportunities Cost-income ratio of 46.7% down 4.9pts vpy Continued focus on operating efficiency given overall market dynamics low growth, low interest rates and shifting customer behavior away from physical to digital networks Significant investments made 35m invested in 2015 overall investments > 150m in retail franchise and IT infrastructure in recent years 7

8 Risk costs Proactive risk management to maintain conservative risk profile Risk costs Summary millions 0.40% Risk costs Risk costs / Loans and receivables Risk costs materially down due to de-risking activities and improved credit quality across core business segments % 0.20% 0.16% 0.17% Historic balance sheet clean-up efforts behind us no material impairments in NPL ratio improved to 2.1%... coverage ratio at 59.3% Continued focus on proactive risk management Proactively reducing CEE loan exposure represents less than 0.5% of total assets Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 NPL ratio 2.8% 2.8% 2.3% 2.2% 2.1% 8

9 Capital Safe & secure, more capital efficient, lower risk and lower leverage Capital ratios (FF) Capital ratios (transitional) B/S Leverage CET1 Total capital CET1 Total capital 15.8% +0.2pts 16.0% 16.1% 16.7% +0.6pts 14.4x (1.5x) 12.1% +1.0pt 13.1% +0.9pts 12.9% 13.8% 12.9x Dec '14 Dec '15 Bank managed on a fully-loaded basis very strong capital base Capital ratios significantly above target levels and regulatory requirements Year-end 2015 capital ratios fully reflect a potential dividend distribution of 325m Dec '14 Dec '15 SREP requirement ) : 8.75% % systemic risk buffer SREP ratio as of 1 Jan 2019 (based on 2016 data): 8.75% + 1.0% = 9.75% Transitional CET1 ratio 410bps above SREP requirement as of Dec 2015 Dec '14 Dec '15 Running a low leverage business model % equity / total assets Continued deleveraging of non-core assets/liabilities coupled with organic equity accretion Regulatory leverage ratio (FF) of 6.2% 1) Based on Promontoria Sacher Holding N.V., the regulated parent company 9

10 Bank transformation & Outlook 10

11 Bank transformation 2012 to 2015 Significantly increased quality of earnings and capital while reducing cost base and de-risking balance sheet Key measures Efficiency is key to win Reduced total operating expenses by over 30% Cost discipline part of Bank s DNA Core revenue growth Core revenues up 15% driven by Retail and Int. Business NIM expansion through disciplined core product growth & liability optimization NIM 2.06% (+61bps vs. 2012) De-risking balance sheet Reduced risk cost ratio from 50bps to 17bps by focusing on core businesses in developed markets (2/3 Austria and 1/3 Western Europe and United States) Proactively exited non-core assets proprietary trading, legacy structured credit book, CEE exposure and lowyielding assets Rebuilding capital base Redeemed all non-sustainable transitional capital instruments ( 1.5b since 2012) Maintaining a conservative RWA density at 45-50% CET1 ratio more than doubled since ) 2012 figure is a proxy for fully loaded as CRR rules were not in place at year-end ) Year-end 2015 capital ratios fully reflect a potential dividend distribution of 325m Key financial metrics billions Customer loans Securities Non-earnings assets 55% 13% 21% 70% Total assets % Profit before tax Net profit RoE RoTE Net interest margin Risk cost ratio Cost-income ratio CET1 ratio (FF) Leverage ratio (FF) B/S leverage ratio 12% CET1 12% CET1 17% Chg. 107m 448m >100% 107m 418m >100% 6.5% 16.2% 9.7pts 7.3% 16.9% 9.6pts 1.45% 2.06% 0.61pts 0.50% 0.17% (0.33pts) 70% 47% (23pts) 6.1% 1) 13.1% 2) 7.0pts <3% 6.2% 2) >3.2pts 22x 13x (9x) 4.1% 18.0% 13.9pts 5.8% 18.8% 13.0pts 11

12 Strategic initiatives driving continued profitable growth Strategic topics Our approach A Digital transformation Transform internal culture, continuing to drive simplification and efficiency Implement big data and predictive analysis to improve customer experience Accelerate reconfiguration of branch network to reflect changing customer behavior B Potential acquisitions Pursue unique opportunities in distressed market environment BAWAG P.S.K. will play an active and constructive role in banking consolidation Capitalize on strong performance to increase customer base and take market share C Fintech investments Invest up to 100m in partnerships, acquisitions and collaborations Focus on early stage financial technology companies Become dynamic digital leader in the European market embracing new technologies D easybank growth Build out asset origination capabilities both in consumer loans and consumer auto leasing Leverage existing digital platform to drive cross-border retail expansion into Western markets Intensify existing and enter into new strategic partnerships to drive customer acquisition 12

13 2016 Targets 2015 Targets Performance Net profit > 400m 418m Return on equity >14% 16.2% Cost-income ratio <50% 46.7% NPL ratio <2.5% 2.1% CET1 ratio (FF) 12% 13.1% Total capital ratio (FF) 16% 16.0% Leverage ratio (FF) >6% 6.2% Liquidity coverage ratio >100% 137% 2016 Targets Net profit > 450m Return on equity >14% Return on tangible equity >15% Cost-income ratio <45% CET1 ratio (FF) >12% Leverage ratio (FF) >5% Outperformed all 2015 targets expecting to continue successful path going forward 13

14 IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft, Georg-Coch-Platz 2, 1018 Wien ( BAWAG P.S.K. ). The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation does not constitute an offer or recommendation to purchase any securities or other investments or financial products. In respect of any information provided past performances do not permit reliable conclusion to be drawn as to the future performances. BAWAG P.S.K. does not make any representation, express or implied, as to the accuracy, reliability or completeness of the information contained in this presentation. BAWAG P.S.K. disclaims all warranties, both express and implied, with regard to the information contained in this presentation. Actual results may vary from forecasts and variations may be materially positive or negative. In no event shall BAWAG P.S.K. be liable for any loss, damages, costs or other expenses of any kind (including, but not limited to, direct, indirect, consequential or special loss or loss of profit) arising out of or in connection with any use of, or any action taken in reliance on, any information contained in this presentation. BAWAG P.S.K. assumes no obligation for updating the provided information in this presentation. The content in this presentation are not to be relied upon as a substitute for professional advice. This presentation shall not be forwarded to any third party. 14

15 Annex Definitions B/S leverage Total assets / IFRS equity Common Equity Tier 1 capital (CET1) Based on IFRS CRR regulatory figures (BAWAG P.S.K. Group) excluding any transitional capital (fully loaded) Common Equity Tier 1 ratio Common Equity Tier 1 capital (CET1) / risk-weighted assets Cost-income ratio (C/I ratio) Operating expenses (OPEX) / operating income IFRS equity Equity attributable to the owners of the parent; excluding participation capital and minorities Net interest margin (NIM) Net interest income (NII) / average total assets NPL ratio Non-performing loans (NPLs) / loans and receivables (incl. provisions); loans are not included in NPLs if no economic loss is expected 1) Regulatory leverage ratio Common Equity Tier 1 capital (CET1) / total exposure (calculation according to CRR, based on Promontoria Sacher Holding N.V. Group) Return on equity (RoE) Net profit / average IFRS equity Return on risk-weighted assets (RoRWA) Net profit / average risk-weighted assets Return on tangible equity (RoTE) Net profit / average IFRS tangible equity Risk costs / loans and receivables Provisions and loan-loss provisions, impairment losses and operational risk (total risk costs) / average loans and receivables (including provisions) Risk-weighted assets (RWA) Based on IFRS CRR regulatory figures (BAWAG P.S.K. Group, fully loaded) RWA density RWA / total assets Total capital Based on IFRS CRR regulatory figures (BAWAG P.S.K. Group) excluding any transitional capital (fully loaded) Total capital ratio Total capital / risk-weighted assets 1) For prior reporting dates please refer to the definitions in the respective annual and quarterly reports 15

Q3 2015 Earnings. 10 November 2015. 10 November 2015 BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft

Q3 2015 Earnings. 10 November 2015. 10 November 2015 BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft 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

More information

BAWAG P.S.K. REPORTS 2014 RECORD NET PROFIT OF EUR 333 MILLION, +45%

BAWAG P.S.K. REPORTS 2014 RECORD NET PROFIT OF EUR 333 MILLION, +45% 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

More information

Commerzbank: Strategy successful net profit of over 1 billion euros and dividend

Commerzbank: Strategy successful net profit of over 1 billion euros and dividend 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

More information

Second Quarter Results 2014 Investor presentation

Second Quarter Results 2014 Investor presentation 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

More information

CONSOLIDATED ANNUAL REPORT

CONSOLIDATED ANNUAL REPORT CONSOLIDATED ANNUAL REPORT 2014 1 BAWAG P.S.K. CONSOLIDATED ANNUAL REPORT 2014 2014 HIGHLIGHTS March June July August EUR 350 million redemption of remaining participation capital from Republic of Austria

More information

Gjensidige Bank. Investor Presentation Q May 2015

Gjensidige Bank. Investor Presentation Q May 2015 Gjensidige Bank Investor Presentation Q1 2015 6. May 2015 Content Gjensidige and Gjensidige Bank in brief Financial performance Funding overview Appendix Gjensidige Bank in Brief KEY FINANCIALS 1 st QUARTER

More information

SUB: STANDARD CHARTERED PLC (THE "COMPANY") STOCK EXCHANGE ANNOUNCEMENT

SUB: STANDARD CHARTERED PLC (THE COMPANY) STOCK EXCHANGE ANNOUNCEMENT April 26, 2016 To, Ms. D'souza AVP, Listing Department National Stock Exchange of India Exchange Plaza Bandra Complex Bandra (East) 400 001 Limited SUB: STANDARD CHARTERED PLC (THE "COMPANY") STOCK EXCHANGE

More information

Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015

Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015 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

More information

Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8%

Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8% 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:

More information

Sberbank Group s IFRS Results for 6 Months 2013. August 2013

Sberbank Group s IFRS Results for 6 Months 2013. August 2013 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

More information

Standard Chartered today releases its Interim Management Statement for the third quarter of 2015.

Standard Chartered today releases its Interim Management Statement for the third quarter of 2015. Standard Chartered PLC Interim Management Statement 3 November 2015 Standard Chartered today releases its Interim Management Statement for the third quarter of 2015. Bill Winters, Group Chief Executive,

More information

Good year. Bank Zachodni WBK Group performance for 2009. Warszawa, 2 nd March 2010

Good year. Bank Zachodni WBK Group performance for 2009. Warszawa, 2 nd March 2010 Good year Bank Zachodni WBK Group performance for 2009 Warszawa, 2 nd March 2010 Disclaimer This presentation as regards the forward looking statements is exclusively informational in nature and cannot

More information

Revenues before loan loss provisions almost stable at EUR 2.3 bn despite seasonal effects

Revenues before loan loss provisions almost stable at EUR 2.3 bn despite seasonal effects 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

More information

Frankfurt am Main April 28, Deutsche Bank reports first quarter 2016 net income of 236 million euros. EUR bn 1Q2016 change EUR bn 1Q2016 change

Frankfurt am Main April 28, Deutsche Bank reports first quarter 2016 net income of 236 million euros. EUR bn 1Q2016 change EUR bn 1Q2016 change Release Frankfurt am Main April 28, 2016 Deutsche Bank reports first quarter 2016 net income of 236 million euros Group results at a glance Core business revenues EUR bn 1Q2016 change EUR bn 1Q2016 change

More information

Banco Santander s profit rose 90% to EUR 4.370 billion in 2013

Banco Santander s profit rose 90% to EUR 4.370 billion in 2013 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

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 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

More information

Q3 INTERIM MANAGEMENT STATEMENT Presentation to analysts and investors. 28 October 2014

Q3 INTERIM MANAGEMENT STATEMENT Presentation to analysts and investors. 28 October 2014 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

More information

PRESS RELEASE. Loyal customers grew by 1.2 million, to 13.8 million, and digitally active customers by 2.5 million, to 16.6 million.

PRESS RELEASE. Loyal customers grew by 1.2 million, to 13.8 million, and digitally active customers by 2.5 million, to 16.6 million. 2015 RESULTS Banco Santander delivers on its targets and earns EUR 5.966 million (+3%), with strong underlying performance of 13% based on increasing customer satisfaction and loyalty PRESS RELEASE In

More information

Raiffeisen Bank International H1/2015 Results

Raiffeisen Bank International H1/2015 Results Raiffeisen Bank International H1/2015 Results Disclaimer Certain statements contained herein may be statements of future expectations and other forward-looking statements, which are based on management's

More information

NIBC Bank underlying net profit almost doubles to EUR 42 million in 2014

NIBC Bank underlying net profit almost doubles to EUR 42 million in 2014 PRESS RELEASE The Hague, 4 March 2015 NIBC Bank underlying net profit almost doubles to EUR 42 million in 2014 Continued underlying growth driven by strong demand from both corporate and consumer clients

More information

Gjensidige Bank. Investor Presentation Q November 2014

Gjensidige Bank. Investor Presentation Q November 2014 Gjensidige Bank Investor Presentation Q3 2014 18. November 2014 Agenda Gjensidige and Gjensidige Bank in brief Financial performance Funding overview Gjensidige Bank Boligkreditt Appendix Gjensidige Bank

More information

Bank Millennium S.A. Date: 3 rd February Current Report No. 8/2014

Bank Millennium S.A. Date: 3 rd February Current Report No. 8/2014 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

More information

Update on 2014 and strategic priorities. Morgan Stanley 11 th Annual European Financials Conference Torsten Hagen Jørgensen, Group CFO

Update on 2014 and strategic priorities. Morgan Stanley 11 th Annual European Financials Conference Torsten Hagen Jørgensen, Group CFO Update on 2014 and strategic priorities Morgan Stanley 11 th Annual European Financials Conference Torsten Hagen Jørgensen, Group CFO Disclaimer This presentation contains forward-looking statements that

More information

Solid operating profit in Q1 2016 28 April 2016

Solid operating profit in Q1 2016 28 April 2016 Investor Presentation Solid operating profit in Q1 2016 28 April 2016 Árni Ellefsen, CEO Disclaimer This presentation contains statements regarding future results, which are subject to risks and uncertainties.

More information

HYPO ALPE ADRIA INVESTOR RELATIONS PRESENTATION OF RESULTS H1/2014. Klagenfurt, August 28 th 2014. SEE Group. AUSTRIA (sold) HYPO ITALY (Wind Down)

HYPO ALPE ADRIA INVESTOR RELATIONS PRESENTATION OF RESULTS H1/2014. Klagenfurt, August 28 th 2014. SEE Group. AUSTRIA (sold) HYPO ITALY (Wind Down) HYPO ALPE ADRIA INVESTOR RELATIONS PRESENTATION OF RESULTS H1/2014 Germany Klagenfurt, August 28 th 2014 SEE Group AUSTRIA (sold) HYPO ITALY (Wind Down) ASSET RESOLUTION (Wind Down) H1/2014 Results: Executive

More information

Frankfurt am Main 26 April 2015. Deutsche Bank reports first quarter 2015 net income of EUR 559 million

Frankfurt am Main 26 April 2015. Deutsche Bank reports first quarter 2015 net income of EUR 559 million Release Frankfurt am Main 26 April 2015 Deutsche Bank reports first quarter 2015 net income of EUR 559 million Group results Income before income taxes (IBIT) of EUR 1.5 billion, a decrease of 12% from

More information

Introduction to mbank Group The most successful organic growth story in Poland

Introduction to mbank Group The most successful organic growth story in Poland Introduction to mbank Group The most successful organic growth story in Poland August 2015 mbank Group in a snapshot General description Key financial data (PLN M) Set up in 1986, mbank (originally BRE

More information

Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft 7 February 2013 Deutsche Bank Aktiengesellschaft Fourth Supplemental Registration Document Pursuant to Art. 5 (3) of the Directive 2003/71/EC and 12 (1) 3 German Securities Prospectus Act (Wertpapierprospektgesetz)

More information

Strategic Plan MAIN STRATEGIC ACTIONS TO REACH TARGETS:

Strategic Plan MAIN STRATEGIC ACTIONS TO REACH TARGETS: 2018 STRATEGIC PLAN FINANCIAL TARGETS: CET1 RATIO AT 12.6% THANKS TO ORGANIC CAPITAL GENERATION ALLOWING FOR SUBSTANTIAL DIVIDEND POOL HIGHER SUSTAINABLE RETURN TO SHAREHOLDERS WITH ROTE AT 11% NET PROFIT

More information

Message from José Antonio Álvarez

Message from José Antonio Álvarez Message from José Antonio Álvarez 2014 was a year when the global economic situation improved, particularly in the developed economies, the hardest hit by the financial crisis. The financial situation

More information

Achmea Bank update Strategy for growth. 26 May 2016 Ronald Buwalda Leiden

Achmea Bank update Strategy for growth. 26 May 2016 Ronald Buwalda Leiden Achmea Bank update Strategy for growth 26 May 2016 Ronald Buwalda Leiden Key messages A solid pillar of the retirement services strategy and a good investment opportunity Achmea Bank is strategically anchored

More information

Financial Data Supplement 1Q2016

Financial Data Supplement 1Q2016 Deutsche Bank Financial Data Supplement 1Q2016 28 April 2016 1Q2016 Financial Data Supplement Due to rounding, numbers presented throughout this document may not add up precisely to the totals we provide

More information

Revenues in Core Bank stabilising - accelerated de-risking in NCA

Revenues in Core Bank stabilising - accelerated de-risking in NCA Revenues in Core Bank stabilising - accelerated de-risking in NCA 18th Annual Banking & Insurance CEO Conference 2013 In a challenging market environment solid results in the Core Bank - NCA run-down target

More information

PRESS RELEASE. RESULTS 2014 Santander grows business in all markets and makes a profit of EUR 5.816 billion in 2014

PRESS RELEASE. RESULTS 2014 Santander grows business in all markets and makes a profit of EUR 5.816 billion in 2014 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

More information

ISBANK EARNINGS PRESENTATION 2016 Q1

ISBANK EARNINGS PRESENTATION 2016 Q1 ISBANK EARNINGS PRESENTATION 2016 Q1 2016 Q1 Recent Developments in the Economy Binler Global Outlook Main Indicators of Turkey US EA Moderate expansion in the US economy Solid labor market data Still

More information

Webcast and Conference call 1H 2016 financial results

Webcast and Conference call 1H 2016 financial results 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

More information

Strategic Update. James P. Gorman, Chairman and Chief Executive Officer. January 19, 2016

Strategic Update. James P. Gorman, Chairman and Chief Executive Officer. January 19, 2016 Strategic Update James P. Gorman, Chairman and Chief Executive Officer January 19, 2016 Notice The information provided herein may include certain non-gaap financial measures. The reconciliation of such

More information

YE08 Consolidated Financial Results. February 13, 2009

YE08 Consolidated Financial Results. February 13, 2009 YE08 Consolidated Financial Results February 13, 2009 1 We support our strategy with strong risk management Proven risk management track record and the highest credit ratings given to a bank in Turkey

More information

Gjensidige Bank ASA Investor Presentation 2013. 19. March 2013

Gjensidige Bank ASA Investor Presentation 2013. 19. March 2013 Gjensidige Bank ASA Investor Presentation 2013 19. March 2013 Agenda Gjensidige Bank in Brief (Hans Harèn - GB CEO) p. 3-6 Gjensidige Group capital position (Linn Soltvedt - Investor Relations Officer)

More information

H1 2014 IFRS Results. August 2014

H1 2014 IFRS Results. August 2014 H 4 IFRS Results August 4 Important Notice By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following limitations and notifications and represent

More information

Strategic and Operational Overview May 11, 2016

Strategic and Operational Overview May 11, 2016 Strategic and Operational Overview May 11, 2016 Safe Harbor Statement This presentation contains several forward-looking statements. Forward-looking statements are those that use words such as believe,

More information

Fixed Income Investor Presentation DBS Group May 2016

Fixed Income Investor Presentation DBS Group May 2016 Fixed Income Investor Presentation DBS Group May 2016 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed

More information

Nationwide Building Society

Nationwide Building Society Nationwide Building Society Interim Management Statement Q3 2015/16 Underlying profit Statutory profit before tax has been adjusted for a number of items, consistent with prior periods, to derive an underlying

More information

Annual Accounts 2015 Press conference. Annika Falkengren President & CEO

Annual Accounts 2015 Press conference. Annika Falkengren President & CEO Annual Accounts 2015 Press conference Annika Falkengren President & CEO 1 Highlights 2015 Exceptional times Market volatility Strengthened resilience 2 Repricing of risk Swedish credit spreads 5y covered

More information

BNY Mellon Third Quarter 2015 Financial Highlights

BNY Mellon Third Quarter 2015 Financial Highlights BNY Mellon Third Quarter 205 Financial Highlights October 20, 205 Cautionary Statement A number of statements in our presentations, the accompanying slides and the responses to your questions are forward-looking

More information

Austrian Post Group. Anton Wais, CEO. Investor Presentation UniCredit Investors Conference Kitzbühel January 22, 2009

Austrian Post Group. Anton Wais, CEO. Investor Presentation UniCredit Investors Conference Kitzbühel January 22, 2009 Austrian Post Group Anton Wais, CEO Investor Presentation UniCredit Investors Conference Kitzbühel January 22, 2009 Austrian Post Group at a glance Mail Parcel & Logistics Branch Network Group 7,9% 0,1%

More information

RESULTS DNB GROUP SECOND QUARTER AND FIRST HALF 2016

RESULTS DNB GROUP SECOND QUARTER AND FIRST HALF 2016 RESULTS DNB GROUP SECOND QUARTER AND FIRST HALF 2016 Rune Bjerke (CEO) Bjørn Erik Næss (CFO) 13.07.2016 Second quarter 2016 Pre-tax operating profit in NOK billion 5.8 (6.8) Cost/income ratio in per cent

More information

13 May 2015. 1Q2015 Financial Results

13 May 2015. 1Q2015 Financial Results 13 May 2015 1Q2015 Financial Results Forward Looking Statements Important information All information contained in this presentation should be regarded as preliminary and based on company data available

More information

Frankfurt am Main 29 April 2014. Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion

Frankfurt am Main 29 April 2014. Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion Release Frankfurt am Main 29 April 2014 Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion Group results Income before income taxes (IBIT) of EUR 1.7 billion, down 30%

More information

When the going get tough...

When the going get tough... When the going get tough... Fondsfinans Research Sparebank 1 SR Bank 4Q14 Update Recommendation: BUY Target NOK 69 6 February 2015 Prepared by Analyst: Geir Kristiansen, Fondsfinans AS, tel: 23 11 30 11,

More information

Q2 2014 Results. 1 August 2014

Q2 2014 Results. 1 August 2014 Q2 204 Results August 204 We are 5 months into our journey to create a bank that earns your trust Early progress encouraging UK franchises showing signs of growth Costs consistently reduced Impairments

More information

Nicola De Caro +44 2078556632 ndecaro@dbrs.com. Mario Carrara +44 2078556648 mcarrara@dbrs.com

Nicola De Caro +44 2078556632 ndecaro@dbrs.com. Mario Carrara +44 2078556648 mcarrara@dbrs.com Rating Report Banca Sella Holding SpA Ratings Nicola De Caro +44 2078556632 ndecaro@dbrs.com Mario Carrara +44 2078556648 mcarrara@dbrs.com Elisabeth Rudman +44 2078556655 erudman@dbrs.com Issuer Debt

More information

Investors Day Commerzbank s financials and Key performance indicators

Investors Day Commerzbank s financials and Key performance indicators Frankfurt, September 21, 2006 Investors Day Commerzbank s financials and Key performance indicators Eric Strutz Chief Financial Officer Disclaimer / investor relations / All presentations shown at Investors

More information

FIRST HALF 2015 RESULTS Santander made ordinary profit of EUR 3.426 billion, a 24% increase

FIRST HALF 2015 RESULTS Santander made ordinary profit of EUR 3.426 billion, a 24% increase FIRST HALF 2015 RESULTS Santander made ordinary profit of EUR 3.426 billion, a 24% increase PRESS RELEASE The first half results show the soundness and consistency of Banco Santander s business model.

More information

POSTBANK GROUP INTERIM MANAGEMENT STATEMENT AS OF MARCH 31, 2015

POSTBANK GROUP INTERIM MANAGEMENT STATEMENT AS OF MARCH 31, 2015 POSTBANK GROUP INTERIM MANAGEMENT STATEMENT AS OF MARCH 31, 2015 PRELIMINARY REMARKS MACROECONOMIC DEVELOPMENT BUSINESS PERFORMANCE PRELIMINARY REMARKS This document is an interim management statement

More information

Deutsche Bank 4Q/FY2013 results

Deutsche Bank 4Q/FY2013 results 4Q/FY2013 results All figures reported herein are preliminary and unaudited. 's 2013 Financial Report and Annual Report on Form 20-F, including the audited financial statements, are scheduled to be filed

More information

General Meeting of Shareholders. s-hertogenbosch, 19 May 2016

General Meeting of Shareholders. s-hertogenbosch, 19 May 2016 General Meeting of Shareholders s-hertogenbosch, 19 May 2016 Agenda item 2a Report of the Supervisory Board Agenda item 2b Report of the Statutory Board for 2015 Annual results 2015 Highlights 2015 Private

More information

Bank of America Merrill Lynch 2013 Banking & Financial Services Conference. Robert J. McCann CEO, UBS Group Americas CEO, Wealth Management Americas

Bank of America Merrill Lynch 2013 Banking & Financial Services Conference. Robert J. McCann CEO, UBS Group Americas CEO, Wealth Management Americas Bank of America Merrill Lynch 2013 Banking & Financial Services Conference Robert J. McCann CEO, UBS Group Americas CEO, Wealth Management Americas November 13, 2013 Cautionary statement regarding forward-looking

More information

FITCH UPGRADES ABN AMRO TO 'A+'; OUTLOOK STABLE

FITCH UPGRADES ABN AMRO TO 'A+'; OUTLOOK STABLE FITCH UPGRADES ABN AMRO TO 'A+'; OUTLOOK STABLE Fitch Ratings-London-14 April 2016: Fitch Ratings has upgraded ABN AMRO N.V.'s Long-Term Issuer Default Rating (IDR) to 'A+' from 'A', and affirmed the bank's

More information

Second Quarter 2014 Results

Second Quarter 2014 Results Second Quarter 2014 Results Presentation to Media Disclaimer Cautionary statement regarding forward-looking statements This presentation contains forward-looking statements that involve inherent risks

More information

Shaping the future relationship bank. Bernstein s strategic decisions conference 2015 Casper von Koskull, Head of Wholesale Banking and Incoming CEO

Shaping the future relationship bank. Bernstein s strategic decisions conference 2015 Casper von Koskull, Head of Wholesale Banking and Incoming CEO Shaping the future relationship bank Bernstein s strategic decisions conference 2015 Casper von Koskull, Head of Wholesale Banking and Incoming CEO The relationship bank business model has delivered 14

More information

Financial Data Supplement 4Q2011

Financial Data Supplement 4Q2011 Deutsche Bank Financial Data Supplement 4Q2011 20 March 2012 4Q2011 Financial Data Supplement Deutsche Bank consolidated Financial summary 2 Consolidated Statement of Income 3 Net revenues 4 Net interest

More information

SEB January June 2013 Results presentation. Telephone conference

SEB January June 2013 Results presentation. Telephone conference SEB January June 2013 Results presentation Telephone conference Highlights Q2 2013 1 2 Higher business activity among large corporates and institutions More full-service retail customers 3 Strong asset

More information

Results: BBVA earns 2.76 billion in the first half of the year

Results: BBVA earns 2.76 billion in the first half of the year 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

More information

Bank Austria IR Release

Bank Austria IR Release Bank Austria IR Release Günther Stromenger +43 (0) 50505 57232 Vienna, 12 February 2015 Preliminary results 1 for the 2014 financial year: Bank Austria posts net profit of about EUR 1.4 billion Sound operating

More information

Important information

Important information 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

More information

2016 First Quarter Results Presentation to Investors & Analysts. April 2016

2016 First Quarter Results Presentation to Investors & Analysts. April 2016 2016 First Quarter Results Presentation to Investors & Analysts April 2016 Disclaimer The information presented herein is based on sources which Access Bank Plc. (the Bank ) regards dependable. This presentation

More information

Analysts & Press Presentation. Fabrizio Viola - CEO Bernardo Mingrone - CFO

Analysts & Press Presentation. Fabrizio Viola - CEO Bernardo Mingrone - CFO Analysts & Press Presentation Fabrizio Viola - CEO Bernardo Mingrone - CFO Siena 24 th September 2015 Executive Summary Settlement agreement with Nomura on the Alexandria transaction Closing of the last

More information

BANCA MONTE DEI PASCHI DI SIENA: BUSINESS PLAN APPROVED

BANCA MONTE DEI PASCHI DI SIENA: BUSINESS PLAN APPROVED PRESS RELEASE BANCA MONTE DEI PASCHI DI SIENA: 2013-2017 BUSINESS PLAN APPROVED The document implements the strategic and operational priorities of the Restructuring Plan submitted on 7 October 2013 and

More information

Emirates NBD Announces First Quarter 2015 Results

Emirates NBD Announces First Quarter 2015 Results For immediate release Emirates NBD Announces First Quarter 2015 Results Net profits up 60% to AED 1.7 billion on higher income and lower provisions Total Income up 15% to AED 3.8 billion as non-interest

More information

I know it s a busy day as HSBC are also reporting. and we re doing the same again today. with the equivalent period in 2008

I know it s a busy day as HSBC are also reporting. and we re doing the same again today. with the equivalent period in 2008 Barclays Interim Management Statement 10 November 2009 Chris Lucas Good morning and thanks for joining us I know it s a busy day as HSBC are also reporting so I m going to talk for about fifteen minutes

More information

Financial Data Supplement 2Q2013

Financial Data Supplement 2Q2013 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

More information

Positive 4 th quarter solidifies profitable 2010 for Old National

Positive 4 th quarter solidifies profitable 2010 for Old National FOR IMMEDIATE RELEASE January 31, 2011 Contacts: Media: Kathy A. Schoettlin (812) 465-7269 Executive Vice President Communications Financial Community: Lynell J. Walton (812) 464-1366 Senior Vice President

More information

When the going get tough...

When the going get tough... When the going get tough... Fondsfinans Research Sparebank 1 SR Bank 2Q15 Preview Recommendation: BUY Target NOK 62 3 July 2015 Prepared by Analyst: Geir Kristiansen, Fondsfinans AS, tel: 23 11 30 11,

More information

Raiffeisen Bank International FY 2014 Results & Strategic Update

Raiffeisen Bank International FY 2014 Results & Strategic Update Raiffeisen Bank International FY 2014 Results & Strategic Update Disclaimer Certain statements contained herein may be statements of future expectations and other forward-looking statements, which are

More information

First Quarter 2011 Update. Ta Chong Bank

First Quarter 2011 Update. Ta Chong Bank First Quarter 2011 Update Ta Chong Bank Disclaimer The presentation contained within is not reviewed or reviewed by any accountant or any independent third party. While Ta Chong Bank endeavor to provide

More information

U.S. Bancorp 1Q16 Earnings Conference Call

U.S. Bancorp 1Q16 Earnings Conference Call U.S. Bancorp 1Q16 Earnings Conference Call Richard K. Davis Chairman and CEO Kathy Rogers Vice Chairman and CFO April 2, 216 Forward-looking Statements and Additional Information The following information

More information

Figures Facts Targets. Overview Commerzbank Group

Figures Facts Targets. Overview Commerzbank Group Figures Facts Targets Overview Commerzbank Group Taking into account the changed market environment, Commerzbank has set up its new strategic agenda at Investors Day 2012 Main drivers of change to the

More information

German corporate conference Deutsche Bank

German corporate conference Deutsche Bank Commerzbank - the leading german commercial bank German corporate conference Deutsche Bank May 31, 2006 Dr. Eric Strutz Chief Financial Officer Excellent start in 2006 Q1 `06 vs Q1 `05 FY 2005 Operating

More information

Ally Financial Inc. 3Q 2015 Earnings Review

Ally Financial Inc. 3Q 2015 Earnings Review Ally Financial Inc. 3Q 2015 Earnings Review October 29, 2015 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com Forward-Looking Statements and Additional Information The following

More information

Interim Financial Report 2015

Interim Financial Report 2015 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

More information

Q1 2016 Results. 29 April 2016

Q1 2016 Results. 29 April 2016 Q1 2016 Results 29 April 2016 Q1 2016 Financial results highlights Adjusted return on equity across our core PBB, CPB and CIB franchises of 10.9% in Q1 2016 Operating profit of 421m; Attributable loss

More information

Development of the Client-Focused, Capital-Efficient Business Model

Development of the Client-Focused, Capital-Efficient Business Model Development of the Client-Focused, Capital-Efficient Business Model David Mathers, Chief Operating Officer, Investment Bank at the Goldman Sachs European Financials Conference, Madrid, June 10, 2010 Cautionary

More information

ARION BANK S 2014 FINANCIAL RESULTS

ARION BANK S 2014 FINANCIAL RESULTS 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

More information

THE INTERNATIONAL PROPERTY SPECIALIST. Analyst Conference. 26 March 2007

THE INTERNATIONAL PROPERTY SPECIALIST. Analyst Conference. 26 March 2007 THE INTERNATIONAL PROPERTY SPECIALIST Analyst Conference 26 March 2007 Agenda Results and achievements 2006 6 step program 1. New business and portfolio diversification 2. Non performing loans 3. Group

More information

Basel 3: A new perspective on portfolio risk management. Tamar JOULIA-PARIS October 2011

Basel 3: A new perspective on portfolio risk management. Tamar JOULIA-PARIS October 2011 Basel 3: A new perspective on portfolio risk management Tamar JOULIA-PARIS October 2011 1 Content 1. Basel 3 A complex regulatory framework With possible unintended consequences 2. Consequences on Main

More information

E.SUN FHC Financial Review of 1Q 2015

E.SUN FHC Financial Review of 1Q 2015 E.SUN FHC Financial Review of 1Q 2015 May 2015 Disclaimer This Presentation is provided by E.SUN Financial Holding Co., Ltd. ( E.SUN FHC ). E.SUN makes no guarantee or warranties as to the accuracy or

More information

Q3 2014 IFRS Results. November 2014

Q3 2014 IFRS Results. November 2014 Q3 4 IFRS Results November 4 Important Notice By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following limitations and notifications and

More information

SOCIETE GENERALE 2015 BANKING, INSURANCE & DIVERSIFIED

SOCIETE GENERALE 2015 BANKING, INSURANCE & DIVERSIFIED SOCIETE GENERALE 2015 BANKING, INSURANCE & DIVERSIFIED FINANCIALS CEO CONFERENCE Frédéric Oudéa, CEO 30 SEPTEMBER 2015 SOCIETE GENERALE GROUP DISCLAIMER This presentation contains forward-looking statements

More information

Corporate & Investment Banking Top 5 position in Europe

Corporate & Investment Banking Top 5 position in Europe 15 June 2010 Corporate & Investment Banking Top 5 position in Europe Séverin Cabannes Deputy Chief Executive Officer Michel Péretié Head of Corporate and Investment Banking A model able to generate strong

More information

Asset Quality Review and Stress Test. Comprehensive Assessment Results

Asset Quality Review and Stress Test. Comprehensive Assessment Results Asset Quality Review and Stress Test Comprehensive Assessment Results November 2014 Disclaimer This presentation has been prepared solely for informational purposes. Any projections or other estimates

More information

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7% GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue

More information

Group Financial Outlook and Strategy. Mark Langer, CFO Paris, November 19, 2014

Group Financial Outlook and Strategy. Mark Langer, CFO Paris, November 19, 2014 Investor Day 2014 Group Financial Outlook and Strategy Mark Langer, CFO Paris, November 19, 2014 HUGO BOSS 19-Nov-14 2 Agenda Review of past financial performance Current trading update Financial implications

More information

MAXIS BERHAD 1Q 2014 RESULTS 7 MAY 2014

MAXIS BERHAD 1Q 2014 RESULTS 7 MAY 2014 MAXIS BERHAD 1Q 2014 RESULTS 7 MAY 2014 1Q14 KEY HIGHLIGHTS WHAT S NEXT. Q1 service revenue trend in-line with guidance -3.4% service revenue Better than expected margin trends 53.0% EBITDA margin on service

More information

Recommended Offer for Alliance & Leicester. 14 July 2008

Recommended Offer for Alliance & Leicester. 14 July 2008 Recommended Offer for Alliance & Leicester 4 July 008 Disclaimer This document does not constitute an offer to sell, or an invitation to subscribe for or purchase, any securities or the solicitation of

More information

Ana Botín. Group Executive Chairman Opening Presentation

Ana Botín. Group Executive Chairman Opening Presentation Ana Botín Group Executive Chairman Opening Presentation Banco Santander, S.A. ("Santander"), Santander UK Group Holdings ( Santander UK ) and Banco Santander (Brasil) S.A. ( Santander Brasil ) all caution

More information