FINANCIAL SECTOR 2015

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1 FINANCIAL SECTOR 2015

2 MOZAMBIQUE BRAZIL

3 FINANCIAL SECTOR Focus on the Portuguesespeaking market BRAZIL MOZAMBIQUE The Américo Amorim Group has held a sound and robust portfolio in the financial sector for years. Currently, its activity is especially focused on Banco Luso-Brasileiro (Brazil) and Banco Único (Mozambique). In Portugal, it continues to hold the shareholding in the Banco Carregosa. Financial Sector 1

4 35 YEARS OF ENTREPRENEURSHIP AND SUCCESS IN THE FINANCIAL SECTOR In 1981, Américo Amorim founded Sociedade Portuguesa de Investimentos, the first private company of the sector in Portugal, after the 1974 Revolution, thus opening the way for private financial business in the country. Since then several renowned financial institutions have been created in Portugal, Angola and Mozambique SPI Establishment of Sociedade Portuguesa de Investimentos BANCO BIC PORTUGUÊS BCP Portugal s first private bank is born. BANCO CARREGOSA BNC Foundation of Banco Nacional de Crédito. BANCO ÚNICO BANCO POPULAR ESPAÑOL Stake acquired in Banco Popular Español. BANCO BIC Creation of a new bank from scratch, in Angola. BANCO LUSO BRASILEIRO Establishment of Banco BIC Português. Transformation from stockbroker into bank. Creation of a new bank from scratch, in Mozambique. Investment in the share capital of BLB, Banco Luso- Brasileiro, domiciled in São Paulo, Brazil. 2 Financial Sector

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7 BRAZIL, AN INVESTMENT WITH FUTURE Despite the difficult period, there are trends that point to the resumption of economic growth in the forthcoming years. It is currently the world s 8 th largest economy and continues to have a leading role in the development of the world s GDP. Hence, Brazil continues to be a strong focus of the Américo Amorim Group, particularly in the financial and real estate sectors. Financial Sector 5

8 BANCO LUSO BRASILEIRO HIGH GROWTH POTENTIAL Banco Luso Brasileiro, founded in 1988, welcomed the Américo Amorim Group and Ruas e Cunha Group into its shareholder structure in The investment by these two business groups that lead their respective business sectors, allowed Banco Luso-Brasileiro to reposition its business identity and invest in a new culture and corporate values. This strategy resulted in a further increase of capital in 2014, in the amount of BRL 60 million, reorganising the shareholder structure as follows: Amorim Aliança 43%, R.C. Participações 43% and Lusopar (Tavares de Almeida Group) 14%. In 2015, the institution consolidated the improvement of financial results shown in the second half of BANK INDICATORS Reais thousands Credit portfolio 221, , , , ,881 Customer deposits 332, , , , ,858 Shareholders equity Net profit Net profit before tax provision (*) Total assets ,015 Staff Number of branches (*) In 2013 the bank received Payment Notification of a tax debt. It is a regulatory fine with regard to Tax on Industrialised Products (IPI), for the period of February to August 2000, in relation to a company that kept a current account in the Institution. The management decided to present embargos to the fiscal enforceability and formed a provision to safeguard the bank from any risks. 6 Financial Sector

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11 MOZAMBIQUE AT THE FOREFRONT IN SUB-SAHARAN AFRICA The annual GDP growth in all Southern African Development Community (SADC) economies has slowed down in 2015, and Mozambique decreased from 7.4% in 2014 to 6.1% in Given the fall in commodity prices, particularly oil, gas and coal, the emerging markets have been facing a slowdown in their growth and a reduction in capital flows to those geographic areas, putting pressure on their currencies, thus giving rise to the need to face major challenges. With the deterioration of the global macroeconomic environment, the outlook for Mozambique in 2016 is of great difficulties and increased demands. However, in the medium term, an upturn in foreign direct investment in expected, particularly in the country s enormous gas reserves, as well as a strong acceleration in Mozambique s economic growth. Mozambique s growth outlook remains robust, outperforming other SSA countries Mozambique: GDP growth and CPI inflation projections REAL GDP Growth Mozambique (Percent) CPI inflation (12 month change) (Percent) Sub-Saharan Africa Advanceds economies Real GDP growth rate Proj. 8 Proj Jan 12 May 12 Sep 12 Jan 13 May 13 Sep 13 Jan 14 May 14 Sep 14 Jan 15 May 15 Sep 15 Jan 16 May 16 Sep 16 Financial Sector 9

12 BANCO ÚNICO ACKNOWLEDGEMENT BY THE INTERNATIONAL EUROMONEY PUBLICATION AS THE BEST BANK IN MOZAMBIQUE And its internet banking service was awarded 4 international prizes (Best Consumer Digital Bank Global Finance; Best Corporate Digital Banking Global Finance; Best Internet Banking International Finance Magazine e Global Banking & Finance Magazine), having become the most awarded internet banking service of the market. BANCO ÚNICO IN 2015 > Share Capital: 2.6 billion meticais (32% growth compared to 2014) > Total Assets: billion meticais (35% growth) > Net income: 117 billion meticais (508% growth) > Solvency Ratio: 16.4% > 18 branches (Maputo, Matola, Beira, Tete, Nampula, Nacala, Pemba), 1 customised service area, 2 business centres and 6 fully innovative municipal collection centres (Maputo, Matola) > 4.5% deposits market share (6th largest bank in Mozambique) > 4% credit market share (6th largest bank in Mozambique) > 444 employees (13.8% growth) 10 Financial Sector

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14 HIGH GROWTH RATE TANZANIA Open to the public since 2011, the bank was established by Grupo Amorim in partnership with Grupo Visabeira and leading Mozambicans. ZAMBIA MALAWI MOZAMBIQUE Pemba Since mid-2014, its shareholder structure comprises with great relevance the important South African Nedbank Financial Group. Tete Nampula Nacala Banco Único stands out for its impressive growth rates, above the robust growth of Mozambican Banks, consolidating itself as the 6 th largest Bank operating in ZIMBABWE INDIAN OCEAN Mozambique. Beira BANCO ÚNICO BRANCHES IN MOZAMBIQUE SOUTH AFRICA Johannesburg Matola Maputo SWAZILAND Existing Units 12 Financial Sector

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16 Rua da Corticeira, nº 34 Apartado Mozelos VFR Portugal Tel.: Fax: Publisher: Amorim Holding II, SGPS, S.A. Financial Sector st Edition: April 2016, Porto 100 copies Printing: Lidergraf Legal Deposit: /16