Crediabank S.a. · ATHEX:CREDIA
Crediabank — Attica Bank — Q1 2016 Earnings Presentation
30 slides from Crediabank's earnings presentation, 2016
Slide 1: Attica Bank Presentation Q1 2016
DRAFT Attica Bank Presentation Q1 2016 Together we are stronger www.atticabank.gr
Slide 2: Table of Contents
Table of Contents HIGHLIGHTS 1 LOAN PORTFOLIO – ASSET QUALITY 3 FUNDING 9 CAPITAL 13 OPERATING INCOME - OPERATING EXPENSES 16 APPENDIX APPENDIX 1 – FINANCIAL INFORMATION 19
Slide 3: Highlights
Highlights
Slide 4: Performance Highlights
Performance Highlights Profitability amounts in (€ m) 31.03.2016 31.12.2015 Change % 1 Profit before taxes: 4.3 million euros Positive indication for a profitable 2016 2 Net Interest Income : +13.2% y-o-y driven by lower deposits Total Loans before provisions 3,998.3 3,927.6 1.8% cost 3 Stock of Pro
Slide 5: Expanding customer base - Strengthening Distribution Channels
Expanding customer base - Strengthening Distribution Channels E-Banking Users 2014 - Q1 2016 + 47.1% + 7.6% 29,648 27,489 18,175 3,791 4,824 5,133 2014 2015 Q1 2016 Retail customers Business customers Debit Cards POS 3,615 73,005 75,618 35,303 1,696 334 2014 2015 Q1 2016 2014 2015 Q1 2016 2
Slide 6: Loan Portfolio - Asset Quality
Loan Portfolio - Asset Quality
Slide 7: Loan Portfolio Overview
Loan Portfolio Overview Breakdown of Loan Portfolio by Type – 31.03.2016 (Loans before provisions: € 4.0bn) Leasing Loans to State 7.3% Private 0.9% Individuals 19.9% Businesses 71.9% Gross loans to Private Individuals by Type – 31.03.2016 Gross loans to Businesses by Sector – 31.03.2016 (Total: € 0
Slide 8: Loan Portfolio Overview
Loan Portfolio Overview Comments The Bank holds c. 79% of total portfolio in business lending, c. 13% in mortgage loans and a remaining 8% in other retail loans Provisions as at March 2016 stood at c.29.4% of total gross loans (1.18 bn euros) Loan Portfolio Breakdown – 31.03.2016 Gross Loans (€m
Slide 9: Asset Quality - Portfolio Overview
Asset Quality - Portfolio Overview Concentration of NPEs – 31.03.2016 Breakdown of NPEs by type – 31.03.2016 Distribution of customers per NPEs cumulative balances (%) NPE CUMULATIVE BALANCES CUSTOMERS Consumer Credit Cards 98.7% 99.2% 99.6% 99.8% 99.9% 100.0% 7% 2% 100% 30,000 Large 94.1% Mortgages
Slide 10: Asset Quality - Portfolio Overview
Asset Quality - Portfolio Overview NPE evolution 2015 – Q1 2016 (€ m) 70 2,288 246 109 105 82 1,676 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 Total Decreasing formation of new NPEs as a result of effective management. 6
Slide 11: Asset Quality - Portfolio Overview
Asset Quality - Portfolio Overview Stock of NPEs (€bn) and NPE ratio (%) Stock of provisions (€m) and NPE provision coverage after write-offs (%) 56.5% 57.2% 1,500.00 52.8% 51.5% 47.6% 50% Thousands 50% 2.00 1,000.00 31.7% 2.22 2.29 25% 25% 1,177.2 1,170.2 1.78 500.00 565.3 1.00 0% 0.00 0% Q1 2015 F
Slide 12: Asset Quality - Portfolio Overview
Asset Quality - Portfolio Overview Evolution of total portfolio and collateral value (€m) and collateral coverage (%) of gross loans 51.5% 5,000 52.1% 60.0% 3,998 50.9% 3,928 Evolution of NPE portfolio collateral value (€m) and collateral 50.0% 4,000 3,744 coverage (%) 40.0% 3,000 1,951 2,025 2,034
Slide 13: Funding
Funding
Slide 14: Evolution of Deposits
Evolution of Deposits As at 31 March 2016, deposits stood at approximately €2.0 bn. The Bank’s deposits are generated mainly from retail clients. Core deposits (sight and savings) account for 51% of total deposits, as deposits mix has changed after the introduction of capital controls in the sum
Slide 15: Funding and Liquidity
Funding and Liquidity Evolution of deposits Net loans to Deposits ratio (%) 2,967 140.4% 128.7% 2,143 107.2% 2,010 Q1 2015 FY 2015 Q1 2016 Q1 2015 FY 2015 Q1 2016 Cost of Deposits (stock/bps) Cost of term deposits (stock/ bps) 165 208 169 118 118 117 116 116 165 162 160 160 9
Slide 16: Eurosystem Funding
Eurosystem Funding Comments As of 31.03.2016 Eurosystem funding amounted to 940 million euros. Lowest reliance on Eurosystem funding as a percentage of total assets compared to peers. Eurosystem funding (% of total assets) – 31.03.2016 Collateral used for Eurosystem Funding - Cash Values (€ m) 3
Slide 17: Capital
Capital
Slide 18: Capital position
Capital position Fully loaded Basel III CET 1, 31.03.2016 CET1 ratios , 31.03.2016 Phased-in Fully loaded 17.64% CET-1 Capital (euro 000s) 617,306 497,081 17.06% (57 bps) 14.20% Total Regulatory Capital (euro 000s) 617,306 497,081 (286 bps) RWAs (euro 000s) 3,500,378 3,500,378 CET-1 Ratio 17.64% 14.
Slide 19: Capital position
Capital position Equity Breakdown Q1 2016 (€m) Risk Weighted Assets (€m) 1.4 158 158 194 240.5 110 21 18 100.2 Minority rights Retained Earnings 701.8 Reserves 3,129 3,188 3,288 Preference shares -362.9 Common shares Q1 2015 FY 2015 Q1 2016 Q1 2016 Credit Risk Market Risk Operational Risk 14
Slide 20: Operating Income - Operating Expenses
Operating Income - Operating Expenses
Slide 21: Operating Income, Operating Expenses
Operating Income, Operating Expenses Return to profitability for the first time since H1 2014, positive outlook for a profitable 2016. Operating income by source (€m) Evolution of key P&L aggregates (€m) OPERATING INCOME Q1 2015 Q1 2016 Net interest income 20.7 23.4 19.2 Net fee and commission incom
Slide 22: Operating Income, Operating Expenses
Operating Income, Operating Expenses NII breakdown (€m) Net Interest Margin – NIM (%) 23.4 2.48% 2.55% 2.37% 2.37% 20.7 2.11% 6.7 - 2.4 - 2.4 0.8 Q1 2015 NII Reduction of Other sources Securities & Loans Q1 2016 NII Q1 2015 Q2 2015 Q3 2015 FY 2015 Q1 2016 cost of deposits of funding other NIM: Annua
Slide 23: Significant improvement of cost income ratio
Significant improvement of cost income ratio Overall, all figures of operating expenses improved, reflecting the Breakdown of general operating expenses ( € 5.9 for Q1 2016) Bank’s efforts for cost containment and internal capital generation. Q1 2015 Q1 2016 Cost / Income Ratio (excl. provisions for
Slide 24: Appendix
Appendix
Slide 25: Appendix 1 – Financial Information
Appendix 1 – Financial Information
Slide 26: Group P&L and balance sheet
Group P&L and balance sheet GROUP Amounts in € million Q1 2016 FY 2015 CHANGE ASSETS Cash and balances with central bank 53 50 6.0% amounts in € million Due from other financial institutions 4 10 (54.1%) Derivative financial instruments - assets 0 0 (64.0%) Q1 2016 Q1 2015 CHANGE Interest and simila
Slide 27: Group results by segment
Group results by segment Q1 2015 Q1 2016 Total Investment Investment Business Business Amounts in €m Retail Banking & Retail Banking & Q1 2015 Q1 2016 Change % Banking Treasury Banking Treasury Operating Income 2.7 26.9 1.3 3.6 23.7 2.1 30.9 29.3 -5.15% - Net interest income -3.0 24.3 -0.6 0.6 25.2
Slide 28: Key financial ratios, Q1 2015 – Q1 2016
Key financial ratios, Q1 2015 – Q1 2016 Group Bank BALANCE SHEET STRUCTURE Q1 2015 FY 2015 Q1 2016 Q1 2015 FY 2015 Q1 2016 Due to Customers / Loans and Advances to customers (after 93.3% 77.7% 71.2% 93.8% 78.2% 71.8% provisions) Due to customers / Total Assets 76.6% 58.4% 54.3% 76.8% 58.7% 54.7% Loa
Slide 29: Key financial ratios, Q1 2015 – Q1 2016
Key financial ratios, Q1 2015 – Q1 2016 Group Bank Q1 2015 FY 2015 Q1 2016 Q1 2015 FY 2015 Q1 2016 Total operating expenses less provisions for credit risk / 1.8% 2.6% 1.8% 1.8% 2.5% 1.7% Total Assets Total operating expenses less provisions for credit risk / 57.1% 81.3% 56.6% 56.0% 81.3% 55.5% Tota
Slide 30: Disclaimer
Disclaimer This presentation is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan, South Africa or any other jurisdiction in which such publication or distribution is unlawful. This presentation does not constitute or form pa