Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q4 2021 Earnings Presentation
13 slides from Mizrahi Tefahot Bank's earnings presentation, February 2022
Slide 1: Financial statements
COO Financial statements | coumtTs
Slide 2: Disclaimer
Q4/21 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 constitutes information from the bank's 2021 quarterly and annual reports and/ or immediate reports, as well as the periodic,
Slide 3: Macro environment
Q4/21 Macro environment 36.1% Unemployment rate)1()2( GDP growth)1( 8.1% 5.5% 23.0% 21.2% 20.3% 4.4% 4.0% 3.8% 18.0% 16.7% 14.3% 14.2% 12.9% 11.9% 11.8% 11.5% 11.3% 10.6% 9.8% 9.0% 8.4% 8.0% 7.9% 7.0% 6.5% 6.0% 5.6% 4.8% 3.7% 3.4% -2.2% 2017 2018 2019 2020 2021 2022F Jun-20 Nov-20 Jun-21 Nov-21 Dec-
Slide 4: Overview of Mizrahi-Tefahot
Q4/21 Overview of Mizrahi-Tefahot Leading Israeli Bank NIS 392bn NIS 271bn NIS 308bn Total Assets1 Net Loans to the public1 Deposits from the public1 NIS 7.7bn NIS 10.3bn NIS 3.2bn Net Interest Revenue2 Total Revenue2 Net Profit2 NIS 32.4bn >7,600 225 Market Cap3 Employees1 Branches1,4 Significant M
Slide 5: Financial Highlights
Q4/21 Financial Highlights Total Assets (NISbn) Net Loans to the Public (NISbn) Deposits from the Public (NISbn) 392 308 360 271 284 Balance Sheet 8.9% 10.6% 8.3% 246 Growth Dec-20 Dec-21 Dec-20 Dec-21 Dec-20 Sep-21 Cost/Income Ratio Return on Equity 15.8% 53.9% 54.0% 9.5% Profitability FY/20 FY/21
Slide 6: Asset quality
Q4/21 Asset quality Provisions / loans to Segment 2021 2020 Q4/2021 Q4/2020 the public Rate of Rate of Rate of Rate of Provision Provision Provision Provision provision provision provision provision 0.43% Housing loans )133( )0.08%( 279 0.18% )41( )0.09%( 7 0.02% Business )89( )0.13%( 635 0.90% 48 0
Slide 7: Profitability and efficiency 2021
Q4/21 Profitability and efficiency 2021 Net profit (NIS mil) Return on equity Cost/income ratio 3,188 15.8% 9.5% 53.9% 54.0% 1,610 2020 2021 2020 12/07/1905 2021 13/07/1905 2020 2021 The bank recorded the highest profit ever 6
Slide 8: Continuous loan growth
Q4/21 Continuous loan growth Credit to the public (NIS bil) Business segment 31.12.21 31.12.20 % change in 271 246 Housing loans 174,822 155,422 12.5 194 205 171 181 Households + private 26,087 25,697 1.5 159 221 banking Total individuals 200,909 181,119 10.9 Total businesses (1) 70,519 64,406 9.5 T
Slide 9: Continuous deposit growth
Q4/21 Continuous deposit growth Deposits from the public (NIS bil) Core deposits(1) 206 127 137 194 308 106 114 96 168 284 211 178 184 199 247 2015 2016 2017 2018 2019 2020 2021 162 Core deposits (1) by segments Segment 102.2 139.7 House holds and Private banking 33% 46% Small and micro businesses 1
Slide 10: Financing revenues from current operations continue to grow despite decrease in interest rates
Q4/21 Financing revenues from current operations (1) continue to grow despite decrease in interest rates BoI rate: FED rate: 2020 0.14% 2020 0.38% 2021 0.10% 2021 0.08% 5,571 6,106 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 Q2/2018 Q3/2018
Slide 11: Expenses
Q4/21 Expenses Operating and other expenses Salaries (NIS mil) (NIS mil) 981 463 282 120 3,997 4,587 3,073 2,524 2020 2021 2020 2021 Most of the increase is due to performance based remuneration (1) Excluding the effect of Union Bank transaction 10
Slide 12: Equity, capital adequacy and dividend
Q4/21 Equity, capital adequacy and dividend Equity (NIS mil) Leverage ratio 18,804 20,770 5.19% 5.18% 2020 2021 2020 2021 Capital adequacy (2) 1,024 Total ratio (1) 13.66% Dividend (NIS mil) 737 Tier 1 13.62% 404 483 10.04% 10.04% 190 137 120 75 122 31.12.2020 31.12.2021 BoI minimum 11.50% 11.50% 20
Slide 13: Thank you
“Thankyou |