Ceska sporitelna General Presentation of CS Financial Group
|
|
- Martina Clark
- 8 years ago
- Views:
Transcription
1 Ceska sporitelna General Presentation of CS Financial Group
2 Presentation Topics Ceska sporitelna s Development History Current market position Erste Group CS Group Product Offerings Retail clients Corporate clients Financial market products EU Programmes of CS Corporate Social Responsibility 2
3 History of Ceska sporitelna 12th February 1825 Sporitelna ceska was established 30th December 1991 Ceska sporitelna became a joint stock company December 2001 Ambitious 18 month transformation programme was completed > After February 1948 small savings banks were nationalized > In 1967 one State Savings Bank was created and in 1969 it was split into Czech State Savings Bank and Slovak State Savings Bank as a result of Czechoslovak Federation Law 3rd August 2000 Erste Bank paid first half or EUR 531 m price and became 52% shareholder of CS March 2002 > Erste Bank through its major shareholder announced its intention to buy out minority shares of Ceska sporitelna. > Erste became 98% owner of Ceska sporitelna in the course of time 3
4 Erste Group Customer banking in the eastern part of the EU Austria Clients: 3.5m Retail loans: 19.3%* Retail dep.: 18.4%* Czech Republic Clients: 5.0m Retail loans: 22.8% Retail dep.: 25.5% Slovakia Clients: 2.3m Retail loans: 27.3% Retail dep.: 26.3% Leading retail and corporate bank in 7 geographically connected countries Branches: 954 Branches: 633 Branches: 290 Favourable mix of mature & emerging markets with low penetration rates Potential for cross selling and organic growth in CEE Absolut data reported as of June 30 th 2015; AT market shares for June 30 th 2015 not available yet * Data as of March 31 st 2015 Romania Hungary Croatia Serbia Clients: 3.0m Clients: 0.9m Clients: 1.1m Clients: 0.4m Retail loans: 17.7% Retail loans: 14.8% Retail loans: 13.8% Retail loans: 4.0% Retail dep.: 16.6% Retail dep.: 6.5% Retail dep.: 12.9% Retail dep.: 3.0% EU or EU candidate Branches: 509 Branches: 129 Branches: 159 Branches: 68 Indirect presence 4
5 Ceska sporitelna Today Today Ceska sporitelna is client oriented, modern and competitive bank of European quality Ceska sporitelna offers a complete range of financial products and related services to Private individuals Small and medium sized businesses Municipalities Large corporates The largest bank in the Czech Republic as measured by number of clients - five million clients Market leader in many business activities: Consumer lending Payment cards business ATM network Volume of provided mortgage loans Managing customer funds 5
6 Strategic goals of Ceska sporitelna for Y2015 In line with its updated strategy, Ceska sporitelna strives to be a bank that maintains a high level of client loyalty, thereby achieving above-average financial results on the banking market. As the main bank, it wants to take first place in terms of retail clients and second place among corporate clients, and in terms of client loyalty it aims to be the leader in all client segments. In order to achieve these goals, Ceska sporitelna intensively pursues: The digitisation of its services and internal processes Getting yet closer to its clients in the environments in which they operate Expanding and tailoring its offer for each client Strategic cost management Harmony with regulatory requirements in the optimisation of its costs and investments 6
7 Four new faces of CS retail division For whom For everyone 30,000+ net monthly income or wealth of mil 100,000 net monthly income or wealth of 1+ mil Small businesses and entrepreneurs with a turnover to 30 mil What Simple financial solutions for everyone Convinient financial solutions for financially capable clients Exclusive services for clients who want to increase the value of their property Financial services using deep knowledge of the client s business Values Friendliness Easiness Trust Professionalism Accountability Partnership Uniqueness Exclusivity Prestige Comprehensibility Consultant's report Proactivity 7
8 Ceska sporitelna Group Highlights Consolidated IFRS (in CZK mil) H H Balance Sheet Total assets 900, , ,499 Customer loans 489, , ,765 Customer deposits 673, , ,455 Profit & Loss Statement Operating result 11,468 22,906 10,857 Net profit 7,782 15,071 7,321 Financial Ratios Return on Equity - ROE 15.0% 14.5% 13.3% Net Interest Margin 3.6% 3.5% 3.3% Cost/Income Ratio 44.1% 44.3% 45.5% 633 branches 10,545 employees 5.0 mil. clients 1,565 ATMs & POS CS ratings Rating agency Long-term Short-term Outlook Fitch A- F2 stable Moody's A2 Prime-1 stable Standard & Poor's A- A-2 negative 8
9 Ceska sporitelna Financial Group CS subsidiaries offer customers wide range of supplementary financial products in area of: Building savings and building loans Leasing Pension supplementary insurance Factoring Net profit of selected subsidiaries IFRS, CZK mil % Change Stavebni sporitelna CS % sautoleasing % Erste leasing % CS Penzijní spolecnost** Factoring CS % Building* Society Selected subsidiaries included in consolidation 100% 100% Factoring and Fortfaiting Services 100% Leasing Services 100% * Since 17/12/2014 CS holds 100% in Building Society 100% Pension Company Leasing Services ** Only the result of Pension Society of CS is captured, not the whole fund 9
10 CS market shares Market leadership maintained () Market leadership in: Total loans (market share of 19%) Number of customers (5.0 mil) Total mortgages (market share of 27%) Consumer loans incl. credit cards (market share of 30%) Total deposits (market share of 20%) 25% in retail deposits, 12% in corporate deposits 24% 23% 23% 23% 23% 18% 19% 18% 19% 18% 19% 18% 19% 18% 19% Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Total assets Retail loans Corporate loans No. 2 positions in: Total assets (market share 18%) Mutual funds with market share of 26% 26% 26% 26% 26% 26% 11% 11% 11% 12% 12% Source: CNB statistics, MMR, AKAT, Bank Card Association Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Retail deposits Corporate deposits 10
11 Awards from Prestigious Institutions Ceska sporitelna was honoured as The Bank of the Year 2014 in the Czech Republic according to the Banker Magazine CS earned The Bank of the Year 2014 in the Czech Republic also in 2003, 2004, 2005, 2008, 2009, 2010 a 2012 Ceska sporitelna earned the titles Bank Without Barriers of the Year 2014 and Mortgage of the Year 2014 and defended its title as The Most Trusted Bank of the Year 2014 in the Fincentrum Bank of the Year competition For the eleventh year running, Ceska sporitelna earned The Most Trusted Bank of the Year title in the Fincentrum Bank of the Year 2014 competition Ceska sporitelna was awarded for its innovations in the Best Innovator 2014 award by A. T. Kearney Ceská sporitelna became the Best financial services provider 2014 in the Construction and Investment Journal Ceska sporitelna won the Best Use of Digital Media award in the FLEMA Media Awards competition for its sale of mortgages via Facebook CS also received the Best Use of cinema advertisement award for We enjoy the family campaign Ceska sporitelna was awarded 2nd place at Company Opened to the People With Disabilities 2014 in TOP Odpovedna firma competition 11
12 Presentation Topics Ceska sporitelna s Development History Current market position Erste Group CS Group Product Offerings Retail clients Corporate clients Financial market products EU Programmes of CS Corporate Social Responsibility 12
13 Introduction to Erste Group Austria s first savings bank: Founded in Erste Group went public in 1997 with a strategy to expand its retail business model into CEE - Acquisition of more than 10 banks between 1997 and 2008 Sale in New holding structure improving Group governance - Erste Group now runs market leading retail banking operations in the new EU member states, which remain underpenetrated compared to their Western European markets Erste Group s customer base grew from 600,000 in 1997 to 16.2 million as of
14 Consistent strategy since IPO 1997 Focus and Expansion Current Strategy of Erste Group Business Focus: Retail banking 1 Geographical focus: Central & Eastern Europe 2 3 Efficiency focus: Governance and Cost efficiency Corporate banking We want to be the leading retail bank in the eastern part of the European Union 14
15 Erste Strategy A real customer need is the reason for all business Customer banking in Central and Eastern Europe Eastern part of EU Focus on CEE, limited exposure to other Europe Retail banking Corporate banking Capital markets Public sector Interbank business Focus on local currency mortgage and consumer loans funded by local deposits FX loans only in EUR for clients with EUR income (or equivalent) and where funded by local FX deposits (RO, HR & RS) Savings products, asset management and pension products Large, local corporate and SME banking Advisory services, with focus on providing access to capital markets and corporate finance Real estate business that goes beyond financing Potential future expansion into Poland Focus on customer business, incl. customer-based trading activities In addition to core markets, presences in Poland, Turkey, Germany and London with institutional client focus and selected product mix Building debt and equity capital markets in CEE Financing sovereigns and municipalities with focus on infrastructure development in core markets Any sovereign holdings are only held for market-making, liquidity or balance sheet management reasons Focus on banks that operate in the core markets Any bank exposure is only held for liquidity or balance sheet management reasons or to support client business Potential future expansion into Poland 15
16 Erste Group Highlights Consolidated IFRS (in EUR million) H H Balance Sheet Total assets 198, , ,532 Customer loans 120, , ,504 Customer deposits 120, , ,533 Profit & Loss Statement Net profit , Financial Ratios Return on Equity - ROE -16.8% -13.6% 10.2% Net Interest Margin 2.6% 2.7% 2.6% Cost/Income Ratio 55.4% 55.1% 55.5% EB ratings Rating agency Long-term Short-term Outlook Fitch BBB+ F2 stable Moody's Baa2 Prime-2 stable Standard & Poor's BBB+ A-2 negative UNIQA Versicherungsv. Privatstiftung 4% Employees 1% Private investors 6% Institutional investors 51% 16.2 mil. clients 2,742 branches 44,222 employees Shareholder structure (as of 30 June, 2015) Lone Pine Capital 4% Harbor Int. Fund 4% direct 11% indirect 9% Criteria Caixa 10% 16
17 Presentation Topics Ceska sporitelna s Development History Current market position Erste Group CS Group Product Offerings Retail clients Corporate clients Financial market products EU Programmes of CS Corporate Social Responsibility 17
18 Product Offering for Retail Clients Accounts & Cards Personal Account (incl. products for pupils, students and absolvents) Service 24 (mobile & internet banking) Contactless debit cards Contactless credit cards ( Odměna and World ) Lending products Consumer loans (incl. loans consolidation) Loans from building savings Mortgages (CS Mortgage and American mortgage) Savings and Investment Products Term deposits (Internet Savings, Smart Savings) Mutual funds Building savings Retirement benefit schemes Life/non-life insurance 18
19 Product Offering for Corporate Clients Payment services Current accounts and business debit and credit cards Business 24 Internet banking, Business 24 Mobile bank Documentary business e-invoicing 24) Cross-Border Services Hedging FX risks, Commodities risk & Interest rate risks hedging Lending products Financing of working capital Financing of investments Trade finance Real estate project financing Syndicated & Club Finance Export & Project Finance Issuers Services Savings and Investment Products Employees Programmes Life insurance for employees Supplementary pension insurance corporate programme Consultancy and Support Financial & Strategic Advisory Grant Consultancy Debt & Rating, M&A Advisory Companies Valuation 19
20 Financial Market Products Treasury Investment products Products for foreign currency risk management Products for interest rate risk management Money market products Commodity derivatives, physical gold and electric energy sales Investment banking Bonds & Equities trading and brokerage Primary issues (domestic bonds, eurobonds, commercial papers) Corporate finance advisory Private Equity, Venture Capital, Acquisition Finance Asset management Investment advisory for institutional and private clients Individual portfolio management Research / Consultancy Custodian and securities/artworks depository services 20
21 EU Programmes of CS & Designed for public and private sector Involve a complex of products and services covering all project stages: Information EU News Monthly Journal (EU Office of CS) Suitable grant facility identification Project plan consultation, applicant and project acceptability verification Grant audit Full project and grant application preparation Including business plan, feasibility study Appendices and paperwork consultation Investment projects financing Suitable financing structure design short- and long-term financing combination tailored for the needs of particular project Possibility to pay off the credit or a part of it after obtaining the grant Respecting EU subsidized projects particularities: issuing standby credit, project phasing Comprehensive offer of additional bank services Grant retention Project and grant management and monitoring Tender preparation and management EU advisory services and assistance with project and application preparation are provided by a CS's subsidiary GRANTIKA CS 21
22 Special Programmes for CS s Customers TOP INNOVATION program Being the first bank in the Czech Republic, Ceska sporitelna offers to its corporate clients program designed for investments into further development through innovation of existing products, services, processes or technologies CS is building a network of cooperating partners of this program including advisors, venture funds, professional associations etc. TOP INNOVATION program includes Complete product range of bank financing Benefits in the form of interest benefit from EIB resources CMZRB subsidized loan Hedging of energy and commodity prices Advisory & education programs focused on innovation management 22
23 Special Programmes for CS s Customers RSI (guarantees) of EIF Portfolio guarantee of the European Investment Fund supporting innovation projects. CS was second bank in Europe, which qualified for the program in November 2012 The guarantee further develops program TOP Innovation and makes it more attractive to CS clients Key parameters of the guarantee: Focus on innovation projects Guaranteed exposure 50%, total limit CZK 2,250 mil. (EUR 90 mil.) SME businesses up to 250 employees, EUR 50 mil. turnover or EUR 43 mil. assets, Mid-caps (up to 500 employees) Eligible also for start ups max. 3 years from registration, max. 10% from total guaranteed limit Loan amount 25 thousands EUR up to EUR 7.5 mil. Loan maturity up to 7 years 23
24 Special Programmes for CS s Customers Global Loan EIB Global Loan is intended for the support of projects realized by municipalities and SMEs Definition of SME: 1. Annual turnover up to EUR 50 mil. 2. Up to 250 employees 3. Independence CS has signed contracts with the EIB in the total volume of EUR mil. and the whole amount was successfully allocated First tranche of EUR 50 mil. drawn down in September 2004 Up to 100% of eligible project costs can be financed from Global Loan Global Loan is connected to grant support program of European Commission: Municipal Infrastructure Facility (MIF) and SME FF EE Window (energy efficiency) 24
25 Special Programmes for CS s Customers EIB Green Energy loan for SMEs Green Energy loan focused on energy efficiency projects combined with EU grants up to 10% of the loan amount Program is targeted on non-residential buildings, industry and renewable energy projects Key parameters of the EIB Green Energy loan: Final beneficiary: SME up to 250 employees, EUR 50 mil. turnover or EUR 43 mil. assets Purpose: Projects in industry and non-residential buildings - one measure or multimeasure. Loan: Loan amount up to EUR 12.5 m; Loan maturity min. 3 years; Maximum cost of EUR 25m Subsidy: 10% of the loan amount, max. subsidy of EUR 140,000 Energy performance have to result in at least 30% energy savings for building projects compared to the situation before implementation of the project, and 20% for projects other than building, or at least 20% CO2 savings 25
26 Presentation Topics Ceska sporitelna s Development History Current market position Erste Group CS Group Product Offerings Retail clients Corporate clients Financial market products EU Programmes of CS Corporate Social Responsibility 26
27 Corporate Social Responsibility in Q Ceska sporitelna won the Zlata koruna (Golden Crown) award for Corporate Social Responsibility, newly granted in The winner was determined on the basis of an exclusive survey that Zlata koruna commissioned from Ipsos The oldest socially responsible project supported by Ceska sporitelna is the Palata Home, a facility providing care to visually impaired people. The bank was one of its founders 120 years ago, and it stands by its side to this day. In April and May, Ceska sporitelna s clients had the opportunity to help Palata in the Your Card Too Can Help project. For each payment with a Ceska sporitelna card, the bank made a contribution to the home for the purchase of special positioning care beds. In the year 2015, the contribution amounted to CZK 1,017,655; in the previous year it also exceeded CZK 1 mil The Ceska sporitelna Foundation distributed CZK 1 mil among 15 successful non-profit projects. In the third annual Grant Programme of the Ceska sporitelna Foundation, our clients could obtain up to CZK 70,000 for a non-profit organisation with which they cooperate, which is CZK 20,000 more than last year. The bank also distributed a million crowns in its grant programme for employees, who applied for finance for the nonprofits in which they volunteer. The Ceska sporitelna Foundation granted its Floccus award to organisations and individuals helping people who are on the fringe of society The country s oldest university, Charles University, and the country s oldest bank, Ceska sporitelna, have decided to join forces in enhancing education and science in the Czech Republic. The two institutions signed a Memorandum of Partnership and Cooperation in which they expressed their interest in cooperating in the Elixir for Schools project managed by the Depositum Bonum Foundation Ceska sporitelna is also the General Partner of the University of Hradec Kralove and also cooperates with universities in Brno, Ostrava, Olomouc and Jindrichuv Hradec 27
28 Contacts Ceska sporitelna, a. s. Olbrachtova 1929/ Praha 4 Czech Republic Tel: Fax: Green line: csas@csas.cz Internet: SWIFT: GIBA CZ PX Reuters: SPOPsp.PR 28
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 informationFinancial Results as at 31 March 2004
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
More informationWe continue our consumer finance activities with KoçFinans, Turkey s first consumer finance company.
BANKING AND INSURANCE As the leading banking and insurance group in Turkey, we are the key thanks to our customer-oriented approach, strong financial structure, and millions of active customers. As Yapı
More information1 Regional Bank Regional banks specialize in consumer and commercial products within one region of a country, such as a state or within a group of states. A regional bank is smaller than a bank that operates
More informationDebt Portfolio Management Quarterly Report
Ministry of Finance Debt and Financial Assets Management Department Debt Portfolio Management Quarterly Report First Half of 2015 17 July 2015 Ministry of Finance Debt Portfolio Management Quarterly Report
More informationNN GROUP FINANCIAL SUPPLEMENT 1Q2016
NN GROUP FINANCIAL SUPPLEMENT 1Q2016 NN GROUP FINANCIAL SUPPLEMENT 1Q2016 INTRODUCTION The Financial Supplement includes quarterly financial trend data and is published on a quarterly basis. Figures are
More informationGROWTH BY COMBINING BEST PRACTICES
GROWTH BY COMBINING BEST PRACTICES L. Lovaglio General Manager at Bank Pekao AGENDA Poland macroeconomic and banking sector scenario The creation of New Pekao New Pekao strategic initiatives Strategy for
More informationInnovFin SME Guarantee & COSME Loan Guarantee. Workshop Warsaw, 6 November 2014
InnovFin SME Guarantee & COSME Loan Guarantee Workshop Warsaw, 6 November 2014 EIF at a Glance EU specialised institution for SMEs risk financing Debt - Structuring and Guaranteeing portfolios of SME loans/leases
More informationWe endeavor to maximize returns.
We endeavor to maximize returns. Ayşegül Özel Yapı Kredi Bankası Private Banking Portfolio Manager Erdoğan Yücel Yapı Kredi Emeklilik Sales Manager FInance 4 th largest private bank (asset size) Leader
More informationKomerční banka Group Financial results as of 31 December 2015
Komerční banka Group Financial results as of 31 December 2015 According to International Financial Reporting Standards, consolidated, unaudited Prague, 11 February 2016 Disclaimer This document contains
More informationPohjola Group. 31 March 2008
Pohjola Group 31 March 2008 Group business structure Strategy Interim report 31 March 2008 Pohjola Group Banking and Investment Services Non-life Insurance Acquisition synergies Prospects for 2008 Dividend
More informationNN GROUP FINANCIAL SUPPLEMENT 4Q2014
NN GROUP FINANCIAL SUPPLEMENT 4Q2014 NN GROUP FINANCIAL SUPPLEMENT 4Q2014 INTRODUCTION The Financial Supplement includes quarterly financial trend data and is published on a quarterly basis. Rounding could
More informationFinancial Results as at 30 June 2004
Financial Results as at 30 June 2004 (International Financial Reporting Standards) Prague - 29 July 2004 CONTENT Business Performance Financial Performance Loan Portfolio Development Appendix Unconsolidated
More informationKomerční banka Group Financial results as at 30 September 2012
Komerční banka Group Financial results as at 30 September 2012 According to International Financial Reporting Standards, consolidated, unaudited Prague, 8 November 2012 Disclaimer This document contains
More informationIn association with. Commerzbank Vocational Trainee Scheme
In association with Commerzbank Vocational Trainee Scheme Fact Sheet 2016 Commerzbank Vocational Trainee Scheme 2016Fact Sheet Page 1 Contents About Commerzbank...2 Traineeship overview...3 What could
More informationGeorgian Capital Market Development, Concepts and Opportunities
Georgian Capital Market Development, Concepts and Opportunities CENTRAL BANK OF ARMENIA Page 1 About BG Capital JSC BG Capital - leader investment bank operating on the Georgian market since 2000 year,
More informationCEE HOUSEHOLDS - NAVIGATING TROUBLED WATERS
CEE HOUSEHOLDS - NAVIGATING TROUBLED WATERS Federico Ghizzoni Head of CEE Banking Division and Poland s Markets Division Deputy CEO and Management Board Member for CEE-Bank Austria Debora Revoltella Head
More information> Erste Bank Croatia Building a retail bank with 15% market share and a meaningful contributor to group profits
> Erste Bank Croatia Building a retail bank with 15% market share and a meaningful contributor to group profits > 2 nd Capital Markets Day > Budapest > Sava Dalbokov, Member of the EBCR Managing Board
More informationKomerční banka Group Financial results as of 30 September 2015
Komerční banka Group Financial results as of 30 September 2015 According to International Financial Reporting Standards, consolidated, unaudited Prague, 5 November 2015 Disclaimer This document contains
More informationFacts & Figures 09/2015
1 Facts & Figures 09/2015 Agenda Regional Coverage Success in a still Challenging Time Highlights at 3 rd Quarter 2015 Financial Strength Business Model & Success Factors Your Benefits Your Contacts 2
More informationErste Group: Preliminary result 2014
Investor information Vienna, 27 February 2015 Erste Group: Preliminary result 2014 2014 closed with profitable quarter, as loan growth re-emerges, asset quality improves and capital position strengthens;
More informationBank 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 informationLeveraging EU Funds with the Market Financing Instruments for Energy Efficiency at EU / National Level
Leveraging EU Funds with the Market Financing Instruments for Energy Efficiency at EU / National Level Johannes Feist, KfW European Parliament, Brussels, 4 October 2011 Leveraging EU Funds with the Market
More informationKBC s entry into Russia. KBC acquires majority stake in Absolut Bank
KBC s entry into Russia KBC acquires majority stake in Absolut Bank 18 April 2007 Table of contents 1. The Transaction 2. The Russian banking environment 3. Absolut bank profile and strategy 2 Majority
More informationWhether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima
Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima F nultima Our trainers have successfully delivered training programmes for some of the top global organizations (
More informationmr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com
Date: 27 August 2015 For information: mr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com Growth of 20% in net result, excluding non-recurring items, to EUR 8.3
More informationInvestor Presentation The Helaba Group. Frankfurt / Main, November 2015
Investor Presentation The Helaba Group Frankfurt / Main, November 2015 Agenda 2 1 Helaba Profile 2 S Group Strategy 3 Business Development & Asset Quality 4 Funding Helaba: Universal bank with strong regional
More informationKomerční banka Group Financial results as at 31 March 2012
Komerční banka Group Financial results as at 31 March 2012 According to International Financial Reporting Standards, consolidated, unaudited Prague, 3 May 2012 Disclaimer This document contains a number
More informationHow To Understand The Turkish Economy
BRSA Bank Only Macro Outlook Q1 GDP growth at 3.2%, mostly backed by net exports. Budget deficit was TRY 6.7 billion in H1 12, one third of Latest GDP figure is supportive of the soft landing the government
More informationKomerční banka Group Financial results as of 30 June 2014
Komerční banka Group Financial results as of 30 June 2014 According to International Financial Reporting Standards, consolidated, unaudited Prague, 1 August 2014 Disclaimer This document contains a number
More informationSEB s Swedish Residential Mortgage Lending and Covered Bonds. Stockholm September, 2013
SEB s Swedish Residential Mortgage Lending and Covered Bonds Stockholm September, 2013 Contents SEB s Residential Mortgage Lending p.3 Asset Quality p.19 Cover Pool and Covered Bond Funding p.24 2 SEB
More informationVienna Insurance Group in the 1st to 3rd Quarter of 2011. Group premiums increased by 4.0 percent to more than EUR 6.8 billion
15 November 2011 Vienna Insurance Group in the 1st to 3rd Quarter of 2011 Group premiums increased by 4.0 percent to more than EUR 6.8 billion Continuing upward trend in the life insurance business in
More informationBANCO SANTANDER CHILE ANNOUNCES RESULTS FOR THE FOURTH QUARTER 2002
Banco Santander Chile CONTACTS: Raimundo Monge Robert Moreno Desirée Soulodre Banco Santander Chile Banco Santander Chile Banco Santander Chile 562-320-8505 562-320-8284 562-647-6474 BANCO SANTANDER CHILE
More informationDubai Islamic Bank. Investor Presentation September 30 th 2011. www.dib.ae
Dubai Islamic Bank Investor Presentation September 30 th 2011 www.dib.ae Disclaimer The information provided in this presentation should not be used as a substitute for any form of advice. Decisions based
More informationErste Group Bank Workshop: Structured Trade Finance in CEE
Erste Group Bank Workshop: Structured Trade Finance in CEE Structured Trade Finance in CEE: Topics to be covered What is Structured Trade Finance Is Structured Trade Finance applicable for the markets
More informationIN THIS REVIEW, WE HAVE ARRANGED OUR BUSINESSES AROUND OUR TWO DISTINCT CUSTOMER
Review of TD s businesses REVIEW OF TD S BUSINESSES PROFILES OF TD S BUSINESSES TODAY IN THIS REVIEW, WE HAVE ARRANGED OUR BUSINESSES AROUND OUR TWO DISTINCT CUSTOMER BASES RETAIL AND WHOLESALE TO SHOW
More informationPROFIT BEFORE TAXES BURDENED BY IMPAIRMENT OF IT SYSTEMS
23 November 2015 VIENNA INSURANCE GROUP 1 st TO 3 rd QUARTER 2015: ALL MARKETS PROVIDE POSITIVE OPERATING RESULTS PROFIT BEFORE TAXES BURDENED BY IMPAIRMENT OF IT SYSTEMS Premiums (excluding single-premium
More informationState budget borrowing requirements financing plan and its background May 2013
Public Debt Department State budget borrowing requirements financing plan and its background May 2013 THE MOST IMPORTANT INFORMATION Monthly issuance calendar... 2 Record high level of foreign investors'
More informationStrategic 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 informationNN Group Insurance International
NN Group Insurance International Robin Spencer, CEO International Insurance Capital Markets Day 19 November 2015 Portfolio of mature and developing international markets Top 3 positions in CEE 1 life insurance
More informationConsolidated and Non-Consolidated Financial Statements
May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,
More informationFinansbank Q2 15 Corporate Presentation
Finansbank Q2 15 Corporate Presentation 0 Agenda Turkish Banking Landscape & Finansbank Loan-based Balance Sheet Delivering High Quality Earnings Solid Financial Performance Appendix 1 Structurally attractive
More informationCEERCB - A Model For Austrian Insurance Growth
V.I.G. Getting in shape for economic recovery in CEE RCB Institutional Investors Conference, Zürs -15 April 2010 Contents A 2 A B C D V.I.G. a model expansion Adopting to a changing environment Distribution
More informationErste Group Sale of non-core insurance business 26 March 2008, Vienna Preferred partnership with Vienna Insurance Group
Erste Group Sale of non-core insurance business 26 March 2008, Vienna Preferred partnership with Vienna Insurance Group Disclaimer Cautionary note regarding forward-looking statements THE INFORMATION CONTAINED
More informationWealth Management Solutions
Wealth Management Solutions Delray Financial Group LLC is an independent regional boutique wealth management firm whose sole business is to serve its clients. With over 25 years of personalized, professional
More informationCESEE DELEVERAGING AND CREDIT MONITOR 1
CESEE DELEVERAGING AND CREDIT MONITOR 1 November 4, 214 Key Developments in BIS Banks External Positions and Domestic Credit In 214:Q2, BIS reporting banks reduced their external positions to CESEE countries
More informationCommerzbank: 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 informationPresentation for Hungarian Business Seminar Eindhoven, April 15, 2010 Job den Hamer Head of Sales of European Business Desk
ING Presentation for Hungarian Business Seminar Eindhoven, April 15, 2010 Job den Hamer Head of Sales of European Business Desk ING Group Dutch financial group According to Fortune Top 500 it is the 8th
More informationStrategic Initiatives Retail Banking
Strategic Initiatives Retail Banking Branch Sales Force Effectiveness Fund Management Market Growth Funds A Global Comparison Assets Under Management In bn Regional/Country Growth Rates 2004 2005 +6% AUM
More informationKey financial data. Income statement
Half year financial report 2015 Key financial data Income statement in EUR million Q2 14 Q1 15 Q2 15 1-6 14 1-6 15 Net interest income 1,119.7 1,098.5 1,113.4 2,243.6 2,211.9 Net fee and commission income
More informationCorporate & 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 informationSlovak Republic. From: OECD Banking Statistics: Methodological Country Notes 2010
From: OECD Banking Statistics: Methodological Country Notes 2010 Access the complete publication at: http://dx.doi.org/10.1787/9789264089907-en Slovak Republic Please cite this chapter as: OECD (2011),
More informationWeb. Chapter FINANCIAL INSTITUTIONS AND MARKETS
FINANCIAL INSTITUTIONS AND MARKETS T Chapter Summary Chapter Web he Web Chapter provides an overview of the various financial institutions and markets that serve managers of firms and investors who invest
More informationMetsä Board Debt investor presentation Q2/2015. 6 August 2015
Metsä Board Debt investor presentation Q2/2015 Strong financing situation continues EUR million 1000 750 Net debt Gross debt EUR 671 million and net debt EUR 389 million at the end of Q2/2015 (EUR 319
More informationInstitutional Investors and Slovene Stocks in 2014
Institutional Investors and Slovene Stocks in 2014 Institutional Investors and Slovene Stocks in 2014 Capital markets were generally on a roller-coaster ride in 2014, with increased volatility and higher
More informationCPI PROPERTY GROUP continues in successful business operations, expansion plans and refinancing of existing projects
CPI PROPERTY GROUP continues in successful business operations, expansion plans and refinancing of existing projects Corporate highlights Annual General Meeting of 28 May 2015 The Annual General Meeting
More informationWe also assign a D- bank financial strength rating (BFSR) to the bank. The rationale for this rating mirrors that for the BCA.
Moody s Investors Service Ltd CREDIT OPINION MORTGAGE AND LAND BANK OF LATVIA Summary Rating Rationale In accordance with Moody s rating methodology for government-related issuers (GRIs), we assign A2/Prime-1
More informationHow To Understand The Financial Performance Of A Bank In Turkey
Sixty years of sustainable rythm in the Turkish economy Investor Presentation 2009 @ a Glance Ownership 42% İs Bank 50.1% Vakif Bank Free Float 8% Credit Ratings (Jan 2010) Fitch LTFC Moody s LTFC BB+
More informationBALANCE SHEET AND INCOME STATEMENT
BANCOLOMBIA S.A. (NYSE: CIB; BVC: BCOLOMBIA, PFBCOLOM) REPORTS CONSOLIDATED NET INCOME OF COP 1,879 BILLION FOR 2014, AN INCREASE OF 24% COMPARED TO 2013. Operating income increased 23.8% during 2014 and
More informationCorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011
CorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011 Santiago, Chile, CORPBANCA (NYSE: BCA), a Chilean financial institution offering a wide variety of
More informationBBVA Colombia. Working for a better future for people
BBVA Colombia Working for a better future for people 2013 The IR Recognition granted by Bolsa de Valores de Colombia S.A. (the Colombian Stock Exchange) is not a certification of the registered securities
More informationKomerční banka Group Financial results as of 30 September 2014
Komerční banka Group Financial results as of 30 September 2014 According to International Financial Reporting Standards, consolidated, unaudited Prague, 6 November 2014 Disclaimer This document contains
More informationBank BPH Group Financial Report. 3 quarters
Bank BPH Group Financial Report 3 quarters SELECTED FINANCIAL DATA 3 quarters in accruals (current year) from 01.01. to 30.09. PLN'000 3 quarters in accruals (previous year) from 01.01. to 30.09. 3 quarters
More informationFinancial Performance
Fundamental Value: $5.27 Market Price: $11.71 1 52 Week Range: $3.40 to $11.78 Recommendation: SELL 2 Symbol: JMMB Shares Outstanding: 1,463,386,752 units Market Value of Shares Outstanding: $17,136,258,865.92
More informationEnergies and Minerals
Group Infrastructure Finance As individual as your business Austria Czech Republic Slovakia Hungary Romania Croatia Serbia Ukraine 02 03 Group Infrastructure Finance Supporting economic growth Every day
More informationSydbank s preliminary announcement of 2006 annual results
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
More informationList of Tariffs applicable as of 1 July 2016
Patria Finance, a.s., Jungmannova 745/24, 110 00 Prague 1, Czech Republic, ID No. 26455064 Registered with the Commercial Register, Section B, File No. 7215 Maintained by the Municipal Court in Prague
More informationCommerzbank: 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 informationINVESTMENT DICTIONARY
INVESTMENT DICTIONARY Annual Report An annual report is a document that offers information about the company s activities and operations and contains financial details, cash flow statement, profit and
More informationNN Group N.V. 30 June 2015 Condensed consolidated interim financial information
Interim financial information 5 August NN Group N.V. Condensed consolidated interim financial information Condensed consolidated interim financial information contents Condensed consolidated interim
More informationATOMEX-Europe 2013. 8-9 October 2013, Brno, Czech Republic
ATOMEX-Europe 2013 8-9 October 2013, Brno, Czech Republic VTB today VTB is a backbone Russian bank, which has built an international financial group. VTB Group possesses a unique international network
More informationSubject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014
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
More informationEthiopian Institute of Financial Studies (EIFS) PROJECT FINANCE
PROJECT FINANCE With the growth in the economy and the revival in the industrial sector coupled with the increasing role of private players in the field of infrastructure, more and more Ethiopian banks
More informationCost control, declining risk costs & higher capital ratios
Erste Group investor presentation Cost control, declining risk costs & higher capital ratios Andreas Treichl, CEO, Erste Group Manfred Wimmer, CFO, Erste Group Gernot Mittendorfer, CRO, Erste Group Disclaimer
More informationStrategy execution since 2012 well under way in a demanding environment
Strategy execution since 2012 well under way in a demanding environment Morgan Stanley European Financials Conference Stephan Engels CFO London 26 March 2015 Commerzbank is rigorously orienting its business
More informationPress Release Corporate News Vienna, 18 March 2015
Press Release Corporate News Vienna, 18 March 2015 IMMOFINANZ with stable operating performance in the first three quarters, Net profit reduced New share buyback program resolved KEY FIGURES (in MEUR)
More informationFortuna Entertainment Group NV
Fortuna Entertainment Group NV Investor Presentation October 2012 WILFRED WALSH Fortuna Entertainment Group NV Chairman of the Management Board Wilf Walsh acts as Chairman of the Management Board. In 2009,
More informationNIBC 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 informationOverview Presentation
213 Overview Presentation OTP Group OTP Bank is the largest retail bank in Hungary and one of the largest financial groups in Central and Eastern Europe OTP Bank provides high quality financial solutions
More informationInvestor Presentation First Quarter (Q1) 2011. www.dib.ae
Dubai Islamic Bank Investor Presentation First Quarter (Q1) 2011 www.dib.ae Disclaimer The information provided in this presentation should not be used as a substitute for any form of advice. Decisions
More information>Analysts conference. Dr. Andre Carls, CEO Karin Katerbau, CFO. Frankfurt/Main, 14 February 2006
>Analysts conference Dr. Andre Carls, CEO Karin Katerbau, CFO Frankfurt/Main, 14 February 2006 > Agenda comvalue taking effect Convincing growth programme record results Offering and sales expanded More
More informationSpeakers curriculum vitae
Speakers curriculum vitae Education : Doctor of Laws and Graduate in Notarial Sciences, University of Leuven (Belgium) Financial Management Program, VLEKHO, Brussels (Belgium) Advanced Management Program,
More informationCONSOLIDATED RESULTS AS AT 30 JUNE 2012
CONSOLIDATED RESULTS AS AT 30 JUNE 2012 THE IMPLEMENTATION OF THE PROJECT TO SIMPLIFY THE GROUP CORPORATE STRUCTURE CONTINUES, WITH POSITIVE EFFECTS ON CAPITAL AND SYNERGIES FURTHER IMPROVEMENT IN THE
More informationCommerzbank: 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 informationDubai Islamic Bank. Investor Presentation June 30 th 2011. www.dib.ae
Dubai Islamic Bank Investor Presentation June 30 th 2011 www.dib.ae Disclaimer The information provided in this presentation should not be used as a substitute for any form of advice. Decisions based on
More informationWARSAW STOCK EXCHANGE
WARSAW STOCK EXCHANGE 2014 WARSAW STOCK EXCHANGE WARSAW STOCK EXCHANGE WSE: EUROPEAN UNION s MOST DYNAMIC STOCK EXCHANGE The Warsaw bourse is among the fastest-growing exchanges in Europe, holding an unquestionable
More informationNews Release INVESTOR AND MEDIA CONTACT: George R. Kirkland Senior Vice President and Treasurer Phone: (229) 873-3830 gkirkland@sgfc.
Southwest Georgia Financial Corporation 201 First Street S.E. Moultrie, GA 31768 PH: (229) 985-1120 FX: (229) 985-0251 News Release INVESTOR AND MEDIA CONTACT: George R. Kirkland Senior Vice President
More informationList of Fees INDIVIDUALS
List of Fees INDIVIDUALS Valid from 7/7/2015 Table of Contents 1. Day-to-Day Banking 02 1.1 Current Accounts 02 1.2 Escrow Accounts 02 1.3 Domestic Non-Cash Payments 03 1.4 Foreign Non-Cash Payments 04
More informationTREASURY AND INVESTMENT MANAGEMENT POLICY
TREASURY AND INVESTMENT MANAGEMENT POLICY 1.0 INTRODUCTION 1.1 This document sets out the policy for the University and its subsidiary companies concerning raising capital finance and investment of surplus
More informationKB Group. Unaudited Financial Results as at 31 December 2010 (International Financial Reporting Standards) Prague 16 February 2011
KB Group Unaudited Financial Results as at 31 December 2010 (International Financial Reporting Standards) Prague 16 February 2011 Disclaimer This document contains a number of forward-looking statements
More informationUniCredit Bulbank Short profile
UniCredit Bulbank Short profile Part of a leading European financial group and number one Bulgarian bank, which is easy to deal with, whose people deliver concrete answers, real benefits and positive impact
More informationQ1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer
1 Q1 RESULTS 2015 30 APRIL 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,
More information33/81/ 139 240/196/ 128/128/ 128 70/133/ 210 245/218/ 101 1st Quarter 157/190/ 2013 231 249/231/ 157 218/231/ 246
1 st Quarter 2013 1 Disclaimer This presentation may include references and statements, planned synergies, estimates, projections of results, and future strategy for Banco do Brasil, it s Associated and
More informationInnovation and PPP financing: The European Investment Fund
Innovation and PPP financing: The European Investment Fund Dr. Helmut Kraemer-Eis Head of Research & Market Analysis European Investment Fund UNECE - 12 February 2014 Geneva What is the EIF? As part of
More informationFINANCIAL REVIEW AND REPORTS Comerica Incorporated and Subsidiaries Financial Results and Key Corporate Initiatives
FINANCIAL REVIEW AND REPORTS Financial Results and Key Corporate Initiatives ************************************************ 23 Overview/Earnings Performance *************************************************************
More informationDMITRI MOSOLOV, HOME CREDIT & FINANCE BANK FIRST CREDIT CARD RECEIVABLES SECURITISATION IN RUSSIA
DMITRI MOSOLOV, HOME CREDIT & FINANCE BANK FIRST CREDIT CARD RECEIVABLES SECURITISATION IN RUSSIA Neither this presentation nor any of the information contained therein constitutes an offer to sell or
More informationOnline brokerage in CEE/SEE region
Online brokerage in CEE/SEE region Market survey & experience of providing online brokerage services in CEE/SEE Michel Vukusic 17th Zagreb Stock Exchange Conference Hvar, October 11-14, 2007 Agenda 1.
More informationGo Further 1Q 2015 FIXED INCOME REVIEW APRIL 28, 2015
Go Further 1Q 2015 FIXED INCOME REVIEW APRIL 28, 2015 FORD CREDIT 1Q 2015 OPERATING HIGHLIGHTS* Another strong performance with pre-tax profit of $483 million and net income of $306 million Managed receivables
More informationSWS Financial Services - Frequently Asked Questions
Paperwork Where do I send my client s check to be deposited into their account? All customer checks sent by regular mail should be addressed: SWS Financial Services P.O. Box 50159 Dallas, TX 75250-0159
More information