PARECER DO CONSELHO FISCAL Corporate Brochure
How can BAI enhance your success? Corporate Brochure
Table of Contents Background Vision and Mission Our Values Governing Bodies References Shareholders Financial Statements and Performance Indicators Graphs: Leading Indicators Products and Services Corporate, Institutional and Investment Banking Contacts 04 05 06 07 10 12 13 19 20 21 25 03
Background Founded on November 14th 1996, BAI is today a dynamic bank using the most up-to-date technology. We give special attention to a more efficient and personalized market approach, and we work to become an essential partner in your business. We are actively engaged in providing an attentive service to Individual Customers and offering innovating solutions to support SMEs (Small and Medium Enterprises) while keeping ourselves as an undeniable reference among Corporate Organizations. A team of dedicated and expert professionals ensures our presence in the national and international market. With 66 branches in Angola, BAI is also present in Portugal, through BAI Europa, in Cabo Verde, through BAI Cabo Verde, S. Tomé e Príncipe and Brazil through partnerships that ensure BAI businesses. 04
Vision and Mission Our Vision To be an Angolan Financial Group distinguished in the markets where it operates for its solidity, dynamism and value creation for its stakeholders. Our Mission Integrated development of business competences that lead to the formation of sustainable partnerships in harmony with best internationally recommended practices for the financial sector. 05
Our Values Respect Customer Orientation Transparency Professionalism Ethical Conduct 06
Governing Bodies 07
Governing Bodies 08
Governing Bodies 09
References Auditor Ernst & Young (Portugal) from FY 1999 thru 2005 PricewaterhouseCoopers (Angola) since FY 2006 Member of SWIFT network since 2000 (BAIPAOLU) Certified as Bank nº. 1 rated 98.05% for Southern and Eastern Africa in 2004 by American Express for SWIFT straight through processing First Angolan bank to be licensed by VISA in 2006 to provide credit cards services to the Angolan market Considered Best Bank in Angola in 2008 by the Banker Correspondent banking arrangements with: In US$ American Express Bank Ltd HSBC USA 10
References In EUR KBC Bank Commerzbank Frankfurt BHF Bank Byblos Bank Europe SA Banco BAI Europa In ZAR Standard Bank Commerzbank South Africa HSBC Johannesburg Website www.bancobai.ao 11
Shareholders 2008 % # of Shares Paid in Capital (USD) Sonangol - Sociedade Nacional de Combustíveis, UEE Arcinella Assets Sforza Properties Amer - Com International Dabas Management Limited Mário Abílio R.M. Palhares Theodore Jameson Giletti A.B.L. Limited Lobina Anstalt Others 8,50 7,00 6,50 5,42 5,00 5,00 5,00 5,00 5,00 47,58 378 250 311 500 289 250 241 190 222 500 222 500 222 500 222 500 222 500 2 117 310 3 782 500 3 115 000 2 892 500 2 411 900 2 225 000 2 225 000 2 225 000 2 225 000 2 225 000 21 173 100 100,00 4 450 000 44 500 000 12
Financial Statements and Performance Indicators USD Thousands Accounts 2008 2007 2006 2005 2004 2003 Interest Income Interest Expense Net Interest Income 278 236 (90 231) 188 005 148 537 (34 385) 114 152 85 274 (31 183) 54 091 62 557 (19 738) 42 819 36 278 (6 570) 29 708 34 551 (5 232) 29 319 Commission Income Profits on Financial Operations Other Oper. Income Comission Expense Additional Margin Banking Revenue Personnel Costs Third Party Supplies and Services DDA Provisions Duties and Taxes Others Expenses Operating Income 57 398 73 316 6 820 (4 065) 131 532 319 537 (35 154) (41 828) (11 196) (47 535) (654) (1 937) 186 158 28 583 51 287 7 620 (2 074) 85 416 199 569 (21 750) (23 629) (8 182) (28 775) (468) (1 159) 115 604 20 132 33 158 3 843 (1 760) 55 373 109 464 (18 766) (18 067) (6 708) (3 330) (448) (1 468) 60 678 18 648 20 092 3 561 (2 588) 39 781 82 600 (13 369) (16 612) (5 266) (12 149) (446) (1 316) 33 442 14 439 18 974 6 154 (1 226) 38 456 68 164 (10 680) (13 511) (3 815) (4 302) (368) (1 147) 34 340 8 214 31 647 3 956 (368) 43 449 72 768 (8 341) (9 423) (2 080) (16 250) (211) (1 278) 35 185 13
Financial Statements and Performance Indicators USD Thousands Accounts 2008 2007 2006 2005 2004 2003 Extraordinary Results Profits Before Conversion Effects Forex Loss Income Before Taxes Provision for Industrial Tax Net Income (32) 183 138 (498) 182 640 (17 001) 165 639 (1 036) 114 568 2 494 117 062 (38 956) 78 106 (1 967) 58 711 43 58 754 (14 672) 44 082 (4 139) 37 581 4 216 41 797 (14 745) 27 052 2 005 36 345 (643) 35 702 (14 656) 21 046 (918) 34 267 (2 283) 31 984 (11 774) 20 210 14
Financial Statements and Performance Indicators USD Thousands Assets 2008 2007 2006 2005 2004 2003 Cash & Dep. W/ CB Deposits w/ FI Loans to FI Customers Loans Bonds Equity Holdings Intangible Fixed Ass. Tangible Ass. & Works in Progress Other Assets Accruals & Deferrals Total Assests Liabilities Deposits from FI Other Deposits Responsabilities for Securities Others Liabilities Creditors 1 019 556 518 851 2 208 363 1 754 356 1 788 586 59 254 9 838 169 042 32 682 64 619 7 625 147 0 5 001 150 1 842 789 39 000 55 611 504 585 225 091 1 330 437 835 370 570 415 30 171 4 854 103 559 5 753 39 640 3 649 875 12 596 2 825 594 437 039 20 584 63 071 254 781 286 875 933 015 421 265 289 222 25 193 2 201 71 737 2 877 22 710 2 309 876 14 947 1 652 985 406 069 18 381 37 500 190 864 202 865 323 737 283 557 173 590 22 514 1 927 67 834 2 948 12 954 1 282 789 0 996 030 89 888 43 652 35 261 122 696 64 862 250 144 231 230 60 293 26 033 1 681 60 655 4 072 12 447 831 114 0 496 708 134 897 25 815 25 825 69 383 167 236 152 608 168 518 31 957 23 868 962 35 698 3 922 4 715 658 868 446 475 737 31 596 24 969 22 844 15
Financial Statements and Performance Indicators USD Thousands Assets 2008 2007 2006 2005 2004 2003 Accruals & Deferrals Provisions Equity Funds Share Capital Funds Legal and Free Reserves Re-expression Effect Reserves Other Reserves Profits and Loss Total Liab. & Equity 77 583 83 366 44 500 3 967 300 056 12 071 (585) 165 639 7 625 147 21 154 42 532 44 500 2 405 93 819 9 060 (585) 78 106 3 649 875 16 577 17 583 44 500 0 54 146 3 691 (585) 44 082 2 309 876 13 871 17 270 32 500 0 27 555 296 (585) 27 052 1 282 789 59 170 12 217 32 500 0 19 137 7 364 (564) 21 046 834 114 17 551 8 267 32 500 0 8 598 16 150 0 20 210 658 868 16
Financial Statements and Performance Indicators Key Indicators 2008-2003 2008 2007 2006 2005 2004 2003 Activity (US $ Million) Total Net Assets Net Customers Loans Signature Credit (Doc. Credit & guaranties) Total Credit Deposits Debt Securities in Issue Equity Funds Net Banking Product General Overheads Net Income Shares ( 000) Operational Workforce Nr. of Branches Nr. of Accounts Cost to Income Ratio 7 625 1 526 682 1 793 297 5 001 1 843 526 320 88 166 0 1 089 60 188 696 27,6% 3 650 835 344 1 180 2 826 437 227 198 54 78 4 450 771 42 127 856 27% 2 310 121 134 556 1 653 106 146 108 44 44 4 450 585 35 83 926 40% 1 283 284 116 399 996 90 87 81 35 27 3 250 461 29 55 190 44% 831 231 86 317 197 135 79 68 28 21 3 250 453 22 49 980 41% 659 169 79 248 176 32 77 73 20 20 3 250 302 17 38 29,3% 17
Financial Statements and Performance Indicators Key Indicators 2008-2003 2008 2007 2006 2005 2004 2003 Productivity Nr. of Customers to Employees Net Assets/Number of Employees Overheads/Net Assets Profitability Earnings per Share (EPS) Return on Equity (ROAE) Return on Assets (ROAA) Inco. Before Taxes to Equity Funds Capital Adequacy (Eq. to WRA) 173 7 1.16% 37.2 44% 3% 48.5% 15.7% 166 5 1.47% 17.6 42% 2.6% 62.7% 11.9% 143 4 1.88% 9.9 38% 2.5% 50.5% 12.3% 120 3 2.75% 8.3 33% 2.6% 45.3% 9.6% 110 2 3% 6.5 27% 2.8% 46% 10% 125 2 182 3.00% 6.2 35% 3% 42% 12% 18
Graphs: Leading Indicators 19
Products and Services Corporate Banking Investment Banking Retail Banking Trade Finance: issue and receipt of payment orders, opening and confirmation of Letters of Credit (at sight, at term and stand-by), banking guarantees Treasury Product: overdrafts, working capital accounts, application of funds on overnights Project finance: designing and structuring of debt & equity finance forgreenfield and expansion projects; venture capital solutions Structured finance: structuring of and participation in finance syndicates securitized by capital market instruments Loans: wage loans, car loans, house loans, student loans, loans to executives (Top 150) Current accounts: expense-free accounts, wage accounts Savings accounts: youth savings account, house saving account Loans: short, medium- and long-term loans, investment loans Corporate finance: economic, financial and asset valuations, auditings, preparation of business plans, restructuring and privatization studies Term deposits and financial investments: 3-year term deposit BAI Classic; BAI guaranteed securities pegged to central bank bills and int l money market paper) Banking services: opening of interest-bearing accounts, debit accounts by cheques and ATM cards, issuing and certifying of cheques, intrabanking transfers and interbanking transfers (local and offshore), standing payment instructions (water, electricity, telephone bills), purchase and sale of foreign currency cheques and traveller-cheques, purchase and sale of banknotes and hard-currency, processing and payment of wages, transport and collection of funds, debit and credit cards (Mastercard, Visa), cash advances against VISA, Diners, Euro and Matercard credit cards, Internet Banking 20
Corporate, Institutional and Investment Banking Integrated Logistic Service Overdraft Facility - Angola - USD 15.000.000,00 Confirmed Asset Backed Facility - Angola - USD 50.000.000,00 Financial Upgrade of GSM Network - Angola - USD 10.000.000,00 Adviser, Arranger and Lender Co- leader, Local Arranger and Lender Adviser, Arranger and Lender Confirmed Asset Backed Facility - Angola - USD 14.600.000,00 Adviser, Arranger and Lender Acquisition of Equipment for Expansion of Mobile Telephone Network - Angola - USD 20.000.000,00 Syndicated Loan - Angola - USD 12.500.000,00 Arranger and Lender Adviser, Arranger and Lender 21
Corporate, Institutional and Investment Banking Ministério das Finanças Housing Syndicated Loan Nova Vida Project - Angola - USD 55.000.000,00 Arranger and Lender Syndicated Loan to Finance Sonangol Current Budget (USD150.000.000) USD 50.000.000,00 Co-Lender and Arranger Ministério das Finanças Bridge Facility - Angola - USD 25.000.000,00 Co- leader, Local Arranger and Lender Ministério das Finanças Line of Credit BAI AKA Export Credit Agency: Hermes Beneficiaries: EPAL, INEA USD 51.000.000,00 Agent and Arranger Ministério das Finanças Syndication Loan for the Modernization of TAAG Boeing Fleet Beneficiary: TAAG (USD 200.000.00) USD 50.000.000,00 Advisor, Leader and Co-Arranger Ministério das Finanças Syndication Loan for Treasury Bonds (USD 400.000.00) USD 80.000.000,00 Advisor, Co-Leader and Co-Arranger 22
Corporate, Institutional and Investment Banking Ministério das Finanças Syndication and Underwriting for Treasury Bonds Public Investments Program (USD 400.000.000,00) USD 80.000.000,00 Underwriter 2007 Structured Loan for Construction of Luanda Medical Center USD 30.000.000,00 Lenders 2007 Ministério das Finanças Housing Sydicated Loan Nova Vida Project Phase II (USD 157.000.000.00) USD 18.000.000,00 Lender 2006 Finance the Acquisition of Celular Telephone Equipment USD 10.000.000,00 Lender Finance the Construction of the New Logistical and Services Center in Soyo USD 15.000.000,00 Lender Ministério das Finanças Syndication and Underwriting for Treasury Bonds Phase I (USD 1.000.000.000.00) USD 398.000.000,00 Underwriter 23
Corporate, Institutional and Investment Banking Syndicated Loan Ministry os Transportation Aquisition of fleet of buses Structured Loan for Upgrading Terminal 2 USD 92.000.000,00 Leader 2008 USD 213.955.193,00 Lender 2008 USD 45.000.000,00 Lenders 2008 Glopartner, Lda Project Finance structure for a Real Estate project - Angola - USD 20.000.000,00 Lender 2008 Confirmed Asset Backed Facility - Angola - USD 10.000.000,00 Lender 2008 Ministry of Transportation Ministry of Finance Production of School Books AKZ 11,800.000,00 Lender 2009 24
Contacts Banco Africano de Investimentos, S.A Corporate, Investment and Financial Markets Rua Major Kanhangulo 34, Luanda Angola Caixa Postal 6022 Tel.: +244(222) 693800/693899 Fax: +244(222) 335486 David M. Carvalho David.Carvalho@bancobai.ao Investment Banking Manager Tel.: +244(222) 693800/693899 Tel.: +244(222) 693804 (direct) Victor Cardoso Victor.Cardoso@bancobai.ao Financial Markets Manager Tel.: +244(222) 693800/693899 Tel.: +244(222) 693815 (direct) Jorge Almeida Jorge.Almeida@bancobai.ao Corporate & Institutional Manager Tel.: +244(222) 693800/693899 Tel.: +244(222) 693816 (direct) 25