Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — H1 2014 Earnings Presentation
20 slides from Mizrahi Tefahot Bank's earnings presentation, Jun 30, 2014
Slide 1: Financial Statements 30 June 2014
Financial Statements 30 June 2014 Financial Statements 31 December 2008 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company’s presentation. The information contained in this document has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed
Slide 3: Contents
Contents • Trends and highlights • 30.6.2014 Financial Results 3
Slide 4: Continuation of growth pattern without jeopardizing risk profile
Continuation of growth pattern without jeopardizing risk profile We continue to grow our deposit base to support loan growth under regulatory requirements Loans to the public (NIS bil) Deposits from the public (NIS bil) 4
Slide 5: Continue to provide best combination of high return with low risk
Continue to provide best combination of high return with low risk Risk Adjusted Return On Capital - comparison between the five major banking groups and the system, average 2007 - 2013 Total system SOURCE: Bank of Israel – Israeli banking system, annual review 2013 5
Slide 6: Ongoing growth pattern – small business segment
Retail Ongoing growth pattern – small business segment Banking 8,303 7,667 Loans to 6,860 the public (NIS mil) 2012 2013 1/1-30/6/2014 1-6/2014 10,522 9,517 Deposits 8,159 from the public (NIS mil) 2012 2013 1/1-30/6/2014 1-6/2014 6
Slide 7: Growing income while reducing risk (Mortgages)
Mortgages Growing income while reducing risk 0.89% 36.0% Market Margin* share 34.7% 0.83% 2012 1/1-30/6/2014 1-6/2014 2012 1/1-30/6/2014 1-6/2014 * Housing loans 55.6% 31.4% 26.0% LTV Payment load 52.1% 2012 1/1-30/6/2014 1-6/2014 2012 1/1-30/6/2014 1-6/2014 7
Slide 8: Growing income while reducing risk (Corporate Banking)
Corporate Growing income while reducing risk Banking 2.82% 2.31% 2.39% Margin 2012 2013 1/1-30/6/2014 1-6/2014 Significant 17.3% 15.6% exposure to group of borrowers* -- 2012 2013 1/1-30/6/2014 1-6/2014 * Disclosure of credit risk with respect to significant exposure to borrower groups is provided w
Slide 9: Employees representation and labor relations
Strategic Employees representation and labor relations principles UMTB is growing in activity, market share, income, and personnel and branch network to support that growth. Maintaining proper labor relations in all levels is a part of the culture of UMTB ‐ Mizrahi‐Tefahot Technology Division Ltd. :
Slide 10: Contents
Contents • Trends and highlights • 30.6.2014 Financial Results 10
Slide 11: Net profit (NIS mil)
Net profit (NIS mil) Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 11
Slide 12: Net profit (NIS mil) H1-2013 H1-2014
Net profit (NIS mil) H1-2013 H1-2014 12
Slide 13: Equity (NIS bil)
Equity (NIS bil) 30.6.2013 31.12.2013 30.6.2014 13
Slide 14: Financing revenues (NIS mil) H1-2014 H1-2013
Financing revenues (NIS mil) Rate of H1‐2014 H1‐2013 change Interest revenues, net 1,636 1,675 Non-interest financing revenues 79 81 Total financing revenues 1,715 1,756 (2.3) Less: Effect of application of FAS 91 77 - Linkage differentials with respect to CPI (13) 54 position Revenues from collecti
Slide 15: Net profit - ROE
Net profit - ROE Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 15
Slide 16: Operating commissions (NIS mil) H1-2013 H1-2014
Operating commissions (NIS mil) 731* H1-2013 H1-2014 * Excluding the effect of FAS 91 of 45 NIS mil 16
Slide 17: Operating and other expenses (NIS mil)
Operating and other expenses (NIS mil) 3.6% total increase in Operating and other expenses Salaries Building & Equipment Others H1-2013 H1-2014 17
Slide 18: Cost / income ratio
Cost / income ratio Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 18
Slide 19: Provisions / loans to the public
Provisions / loans to the public 2013 2014 19
Slide 20: Capital adequacy – Tier I
Capital adequacy Basel II Basel III Tier I 20