CrediaBank S.A. · ATHEX:CREDIA
CrediaBank — Attica Bank — H1 2016 Earnings Presentation
28 slides from CrediaBank's earnings presentation, September 2016
Slide 1: H1 2016 Financial Results
Presentation H1 2016 Financial Results September 2016
Slide 2: Table of Contents
Table of Contents page H1 2016 at a glance 3 Loans Click 5 to edit Master text styles Funding 12 Capital 16 Second level Profitability 20 Third level APPENDIX 24 Fourth level Fifth level 2
Slide 3: H1 2016 at a glance
Click to edit Master text styles Second level H1 2016 at a glance Third level Fourth level Fifth level 3
Slide 4: H1 2016 at a glance
H1 2016 at a glance amounts in (€ m) 30.6.2016 31.12.2015 Change % Capital Total Loans before provisions 4,028.4 3,927.6 2.6% CET 1 ratio at 17.2%, among the highest in the sector. Stock of Provisions 1,188.2 1,170.0 1.5% Deposits 1,998.0 2,142.5 -6.7% Balance Sheet Highlights Click to edit Master
Slide 5: Loans
Click to edit Master text styles Second level Third level Loans Fourth level Fifth level 5
Slide 6: Loan Portfolio Overview
Loan Portfolio Overview Total loan book at € 4.03 bn. as at 30 June 2016. The Bank holds c. 80% of total portfolio in loans to businesses, c. 13% in mortgage loans and the remaining 7% in other retail loans. Provisions as at 30 June 2016 stood at c. 29.5 % of total gross loans (€ 1.19 bn). Cli
Slide 7: Loan Portfolio Overview
Loan Portfolio Overview Breakdown of Loan Portfolio by Type – 30.6.2016 (Total loans before provisions: € 4.03 bn) Leasing State 7.4% 0.8% Loans to Private Individuals 19.7% Click to edit Master text styles Loans to Businesses 72.1% Second level Loans to Private Individuals by Type – 30.6.2016 Third
Slide 8: Asset Quality
Asset Quality Stock of NPEs (EUR m) and NPE ratio (%) 60.00% 2,500 58.5% AQR performed in 2015 by the Bank of Greece following the methodology used by the ECB for the four largest Greek 56.5% 58.00% Banks. 2,000 56.00% Provisions of € 628 million booked in 2015 referring to the 1,500 54.00% lega
Slide 9: Asset Quality: Concentration of NPEs
Asset Quality Concentration of NPEs - 30.6.2016 Breakdown of NPEs by type, 30.6.2016 (1) NPEs, CUMULATIVE CUSTOMERS BALANCES 98.7% 99.2% 99.6% 99.8% 99.9% 100.0% 100% 94.1% 30,000 Consumer Large 87.6% Credit 90% Corporates 24,489 9.0% Mortgages 15.4% Click to edit Master text styles 80% 79.3% 22,041
Slide 10: Asset Quality: Collateral
Asset Quality Evolution of total portfolio, collateral value (€m), and coverage Evolution of NPE portfolio collateral value (€m) and collateral of gross loans by collateral (%) coverage (%) 51.5% 51.5% 49.7% 49.6% 52.2% 2,500 2,356 49.7% 4,500 4,028 52.4% 2,218 3,785 3,928 49.7% 4,000 52.2% 2,000 49
Slide 11: Asset Quality: Evolution of NPEs
Asset Quality Evolution of NPEs, FY 2015 – H1 2016 (€m) 2,500 68 2,356 2,218 70 2,000 Click to edit Master text styles 1,500 Second level 1,000 Third level 500 Fourth level Fifth level 0 4Q15 1Q16 2Q16 Total New NPE formation slowed down slightly in the second quarter of the year, following the tr
Slide 12: Funding
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Slide 13: Evolution of Deposits
Evolution of Deposits Breakdown of deposits by type, 30.6.2016 As at June 30th 2016, deposits stood at approximately € 2.0 bn. The Bank’s deposits are generated mainly from retail clients. Other Core deposits (sight and savings) account for 49.6% of total Current 0.5% accounts deposits, as depos
Slide 14: Funding and Liquidity
Funding and Liquidity Cost of Deposits: Total Deposits (stock) 170 165 160 150 140 bps 130 Following the elimination of costly deposits at the Click to edit Master text styles 120 118 118 117 116 116 116 115 114 end of 2015, deposit costs have been dropping in 2016. 110 Second level 100 Dec-15 Thi
Slide 15: Eurosystem Funding
Eurosystem Funding Net Loans to Deposits ratio (%) As at 30.06.2016, Eurosystem funding amounted to 970 million euros. Eurosystem funding as a percentage of total assets close to system 142.2% 128.7% average (~24%). 106.6% Pillar II bond (Law 3723/08) used for Eurosystem financing operations m
Slide 16: Capital
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Slide 17: Capital Position
Capital Position Following the Comprehensive Assessment performed by the Bank of Greece in 2015, the final capital needs of the Bank were identified at €584 million under the baseline scenario and €748 million under the adverse scenario. In December 2015 Attica Bank managed to raise 681 million
Slide 18: Capital Position
Capital Position Risk Weighted Assets (€ m) - 30.6.2016 Equity Breakdown (€ m) - 30.6.2016 1.4 194 158 240.9 Click to edit Master text styles 158 32 21 19 100.2 Second level Minority rights 701.8 Retained earnings Reserves 2,857 Third level 3,188 3,321 Preference shares Common shares Fourth level Fi
Slide 19: Shareholder Structure
Shareholder Structure Other shareholders 35.9% After the completion of the SCI in 2015, Attica Bank Click to edit Master text styles TSMEDE: Pension fund of the construction sector (engineers and TSMEDE is the only bank of meaningful size in Greece 56.3% without any support from the Hellenic Fin
Slide 20: Profitability
Click to edit Master text styles Second level Third level Profitability Fourth level Fifth level 20
Slide 21: Operating Income
Operating Income. Operating Expenses Evolution of key P&L aggregates, H1 2015 - H1 2016 (EUR m) Operating income by source (EUR m) OPERATING INCOME H1 2016 H1 2015 600.00 Net interest income 514.2 44.9 46.5 Net fee and commission income 8.1 11.5 400.00 Click Gain/to edit loss from Master text styles
Slide 22: Operating Income - Operating Expenses
Operating Income - Operating Expenses NII breakdown H1 2015 - H1 2016 (EUR m) Net Interest Margin- NIM (%) Click to edit Master text styles 2.5% 2.5% 46.5 45.0 Second level 2.4% 2.4% 2.4% Third level 12.2 -3.5 -5.6 -4.6 H1 2015 Fourth level Q3 2015 FY 2015 Q1 2016 H1 2016 H1 2015 NII Reduction of Wh
Slide 23: Operating Expenses
Operating Expenses Breakdown of general operating expenses (€21.9m for H1 2016) H1 2016 H1 2015 Cost / Income Ratio (excl. provisions for credit and other risks) Rents 14.6% 19.9% 67.5% Click to edit Master text styles Advertising and promotion expenses 1.8% 2.4% Telecommunication expenses 4.5% 7.3%
Slide 24: Appendix
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Slide 25: Group P&L and balance sheet
Group P&L and balance sheet GROUP Amounts in € million CHANGE. ASSETS H1 2016 FY 2015 % Amounts in € million Cash and balances with the Central Bank 47 50 (5.9) H1 2016 H1 2015 CHANGE % Due from other financial institutions 5 10 (53.0) Interest and similar income 73 84 (13) Derivative financial inst
Slide 26: Group results by segment
Group results by segment H1 2016 H1 2015 Total Investment Investment Business Business Amounts in EUR m Retail Banking & Retail Banking & H1 2016 H1 2015 Change % Banking Banking Treasury Treasury Operating Income 4.0 45.7 8.8 17.1 56.5 2.1 58.4 75.7 -22.9% - Net interest income -1.0 50.8 -4.9 0.8 4
Slide 27: Key financial ratios, H1 2015 – H1 2016
Key financial ratios. H1 2015 – H1 2016 GROUP BANK BALANCE SHEET STRUCTURE H1 2015 FY 2015 H1 2016 H1 2015 FY 2015 H1 2016 Due to Customers / Loans and Advances to customers (before provisions) 67.6% 54.5% 49.6% 68% 54.9% 50.0% Due to Customers / Loans and Advances to customers (after provisions) 93
Slide 28: Click to edit Master text styles Second level Third level
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