Vtb · RUS:VTBR

Vtb — Q1 2014 Earnings Presentation

17 slides from Vtb's earnings presentation, May 27, 2014

  1. Slide 1: VTB Group 1Q'2014 Results

    VTB Group 1Q’2014 Results Herbert Moos CFO and Deputy Chairman of VTB Bank Management Board Leonid Vakeyev Head of Investor Relations 1 May 27, 2014 © VTB 2011

  2. Slide 2: Forward-looking statements disclaimer

    Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of JSC VTB Bank ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous as

  3. Slide 3: VTB Group 1Q'2014 Highlights

    VTB Group 1Q’2014 Highlights Key selected items (in RUB bn) 1Q’2014 1Q’2013 Change Net interest income 89.9 73.8 21.8% Net fee and commission income 14.3 11.5 24.3% Operating income before provisions 104.7 90.7 15.4% Provision charge for impairment of debt financial assets (47.6) (22.0) 116.4% Staff

  4. Slide 4: Interest Income and Average Yields

    Interest Income and Average Yields Interest income and average yields RUB bn 10.7% 10.9% 10.8% 10.7% Yield on customer 10.4% loans Yield on total interest 9.6% 9.5% 9.5% 9.7% 9.5% bearing assets +20% 185.6 188.2 167.4 176.1 Interest income on 157.2 6% 7% 7% other interest bearing 7% 8% assets 93% 93

  5. Slide 5: Interest Expense and Cost of Funds

    Interest Expense and Cost of Funds Interest expense and cost of interest bearing liabilities RUB bn 5.8% Cost of other interest 5.5% 5.5% 5.5% bearing liabilities (1) 5.3% 5.2% 5.2% Cost of total interest 5.1% 5.0% 5.3% bearing liabilities 4.9% 5.0% 4.9% 4.5% Cost of customer deposits +18% 93.2 95.8

  6. Slide 6: Strong Net Interest Income Supported Stable NIM

    Strong Net Interest Income Supported Stable NIM Net interest income RUB bn +22% 89.8 89.9 82.9 73.8 76.5 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 Net interest margin (1) % flat 4.7% 4.5% 4.5% 4.5% 4.4% 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 (1) Net interest income divided by average interest earning assets, which inclu

  7. Slide 7: Solid Fee and Commission Income Growth

    Solid Fee and Commission Income Growth Fee and commission income breakdown RUB bn +25% 20.5 Other fee and commission income 18.0 7% 18.4 17.1 7% 16% 8% Commission on 14.7 4% operations with securities 13% 10% 9% 6% 13% and on capital markets 14% 16% 7% 15% 16% Commission on guarantees issued and tra

  8. Slide 8: Cost of Risk Reflects Macroeconomic Environment

    Cost of Risk Reflects Macroeconomic Environment Provision charge for loan impairment and cost of risk RUB bn 5.5% 3.7% 3.9% 3.2% Loans to Individuals 2.8% 1.6% 2.0% 1.9% Cost of risk 1.5% 1.5% Loans to legal entities 1.5% 1.9% 1.0% 0.9% 1.3% +115% 47.2 28.6 22.0 22.2 23.4 Provision charge for loan i

  9. Slide 9: Loan Book Quality

    Loan Book Quality Provision for loan impairment NPLs (90+) RUB bn RUB bn 6.2% 6.3% 6.2% 5.9% 5.4% 5.5% 5.4% 5.8% 5.5% 4.7% 4.9% +19% +37% +14% +30% 389 412 408 345 372 361 325 337 298 313 342 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 Allowanc

  10. Slide 10: Staff and Administrative Expenses

    Staff and Administrative Expenses Staff costs and administrative expenses 2.9% RUB bn 2.4% 2.6% 2.5% 2.3% 50.6% 55.1% 53.3% 50.4% Cost / Assets 41.7% Cost / Income ratio +15% 61.7 51.4 51.9 52.8 45.9 27.7 22.2 23.9 21.1 Administrative 18.3 expenses 27.6 29.2 28.0 34.0 31.7 Staff costs (1) 1Q'13 2Q'1

  11. Slide 11: Balance Sheet Structure and BIS Capital

    Balance Sheet Structure and BIS Capital Assets structure Liabilities structure BIS Group capital RUB bn RUB bn RUB bn +7% +8% 9,402 8,769 8,356 8,487 7% 8,450 5% 5% 12% 7,821 14.9% 14.7% 7,603 8% 12% 12% 7,479 7,592 14% 14.2% 14.1% 14.0% 9% 4% 6,820 16% 13% 5% 17% 17% 6% 12% 13% 5% 17% 5% 10.9% 3% 8

  12. Slide 12: Financial Instruments

    Financial Instruments Breakdown by type Breakdown by classification RUB bn RUB bn +15% +15% +14% +14% 1,155 1,155 1,092 1,092 1,043 1,014 11% 1,043 1,006 1,006 1,014 10% 14% 22% 8% 8% 8% 20% 16% 14% 27% 24% 25% 26% 29% 24% 25% 27% 8% 7% 25% 29% 8% 10% 6% 58% 55% 61% 62% 56% 59% 57% 55% 55% 51% 31-Ma

  13. Slide 13: Loan Portfolio and Customer Deposits

    Loan Portfolio and Customer Deposits Loans and advances to customers Customer deposits RUB bn RUB bn corporate retail corporate retail +26% +27% +6% +14% 6,684 6,019 6,330 5,637 5,293 4,929 4,313 4,324 4,341 3,887 76% 76% 77% 76% 62% 77% 62% 61% 59% 61% 23% 24% 24% 24% 39% 38% 39% 41% 38% 23% 31-Mar

  14. Slide 14: Performance of Corporate Banking

    Performance of Corporate Banking Corporate loan portfolio Corporate liabilities RUB bn RUB bn Current accounts Term deposits +24% +30% +6% +20% 5,074 4,603 4,809 4,326 4,100 3,066 2,683 2,658 2,548 2,357 31% 33% 27% 32% 34% 67% 73% 69% 68% 66% 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 31-Mar

  15. Slide 15: Performance of Retail Banking

    Performance of Retail Banking Retail loan portfolio Retail liabilities RUB bn RUB bn +35% +22% +6% +4% 1,610 1,862 1,521 1,793 1,417 1,630 1,666 1,529 18% 1,311 19% 1,193 18% 17% 49% 18% 50% 57% 57% 56% 6% 6% 9% 81% 82% 8% 82% 82% 83% 9% 9% 9% 34% 36% 36% 35% 34% 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec

  16. Slide 16: Segment Analysis 1Q'2014

    Segment Analysis 1Q’2014 Corporate – Investment Banking RUB bn 41.0 (15.8) (13.0) 12.2 7.5 4Q'12income Operating 1Q'13 charge Provision Staff2Q'13 & admin Profit3Q'13 before tax Net4Q'13 profit before provisions expenses Mid-corporate banking RUB bn 10.9 (6.5) Profit before tax Net profit (6.6) 4Q'1

  17. Slide 17: Investor Relations

    Investor Relations Tel: +7 (495) 775-71-39 e-mail: investorrelations@vtb.ru 17 © VTB 2014

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