Mizrahi Tefahot Bank Ltd · TASE:MZTF

Mizrahi Tefahot Bank — Q1 2016 Earnings Presentation

23 slides from Mizrahi Tefahot Bank's earnings presentation, March 2016

  1. Slide 1: Financial Statements March 2016

    Financial Statements March 2016 Financial Statements 31 December 2008 1

  2. 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 constitutes information from the bank's 2016 quarterly reports and/ or immediate reports, as well as the periodic, quarterly and ann

  3. Slide 3: Main factors

    Main factors • Income • Assets Growth • Customers’ base • Market share • Focusing on high quality business and private clients Focus • Focusing on increasing margins on mortgages • Focusing on efficiency in Bank’s assets and capital • Continued implementation of compliance culture Culture • Implemen

  4. Slide 4: Continuous loan growth

    Continuous loan growth Credit to the public (NIS mil) 162,073 159,204 147,569 138,565 128,651 2012 2013 2014 2015 1Q2016 4

  5. Slide 5: Continuous loan growth

    Continuous loan growth Credit to the public (NIS mil) 162,073 159,204 157,996 152,317 150,694 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 5

  6. Slide 6: Credit growth in most segments

    Credit growth in most segments Loans to the public 31.03.2016 31.03.2015 % of change Mortgages 103,379 92,947 11.22% Households 22,253 20,872 6.63% Private banking 942 939 0.32% Small businesses 10,244 9,216 11.15% Commercial banking 4,529 4,419 2.49% Corporate banking 20,726 22,301 )7.09%( Total 16

  7. Slide 7: Continuous deposit growth

    Continuous deposit growth Deposits from the public (NIS mil) 165,001 162,380 152,379 141,244 128,081 2012 2013 2014 2015 1Q2016 7

  8. Slide 8: Continuous deposit growth

    Continuous deposit growth Deposits from the public (NIS mil) 165,001 162,380 158,107 153,736 151,002 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 8

  9. Slide 9: Tight control of expenses

    Tight control of expenses Operating and other Salaries expenses 761 2.4% 779 2.4% 477 466 1Q2015 1Q2016 1Q2015 1Q2016 9

  10. Slide 10: Increasing equity base

    Increasing equity base Equity (NIS mil) 12,098 11,847 10,797 9,681 8,730 7,601 2011 2012 2013 2014 2015 1Q2016 10

  11. Slide 11: Double digit ROE despite dramatic increase in Equity and extremely low interest rate

    Double digit ROE despite dramatic increase in Equity and extremely low interest rate ROE(%) Equity (NIS mil) In black – Bank of Israel interest rate at the end of a calendar year 11

  12. Slide 12: Dividend distribution

    Dividend distribution Dividend distributed (NIS mil) 120 122 75 43 0 0 2011 2012 2013 2014 2015 1Q2016 12

  13. Slide 13: Progress in line with the strategic plan

    Progress in line with the strategic plan Market Shares 31.12.2015 31.12. 2017 Updated plan Loans to the Public 17.7% 19.0% Balance Sheet Debt 19.0% 20.0% in Israel Deposits from the 15.1% 17.5% Public Mortgages (New 40.3% * +35% Initiations) * As off 31.3.2016 13

  14. Slide 14: Financial results

    oo MIZRAHI TEFAHOT Financial results 14

  15. Slide 15: Net profit (NIS mil)

    Net profit (NIS mil) 330 316 288 248 240 Q1 Q2 Q3 Q4 Q1 2015 2016 15

  16. Slide 16: Equity (NIS bil)

    Equity (NIS bil) 11.8 12.1 11.0 31.3.2015 31.12.2015 31.3.2016 16

  17. Slide 17: Net profit - ROE (NIS mil)

    Net profit - ROE (NIS mil) 10.0% 10.0% 9.4% Q1 - 2015 2015 Q1 - 2016 17

  18. Slide 18: Financing Revenues (NIS mil)

    Financing Revenues (NIS mil) Rate of Q1-2016 Q1-2015 change Interest revenues, net 760 699 Non-interest financing revenues 67 125 Total financing revenues 627 824 0.4 Less: Linkage differentials with respect to CPI position (116) (165) Revenues from collection of interest on troubled debt 10 9 Gain

  19. Slide 19: Operating commissions (NIS mil)

    Operating commissions (NIS mil) 356 365 Q1 - 2015 Q1 - 2016 19

  20. Slide 20: Provisions / loans to the public

    Provisions / loans to the public 0.60% 0.39% 0.30% 0.24% 0.19% 0.15% 0.11% 0.09% 0.09% 0.04% 0.03% 0.01% (0.02%) (0.02%) (0.03%) Q1 Q2 Q3 Q4 Q1 2015 2016 Total Excluding housing loans For housing loans 20

  21. Slide 21: Cost / income ratio

    Cost / income ratio 63.4% 60.8% 59.8% Q1 - 2015 2015 Q1 - 2016 21

  22. Slide 22: Capital adequacy

    Capital adequacy 13.29% 13.20% 12.66% Tier I 9.10% 9.50% 9.65% 31.3.2015 31.12.2015 31.3.2016 22

  23. Slide 23: Dividend (NIS mil)

    Dividend (NIS mil) Year Amount 2015 122.1 2016 (Q1) 43.2 Total 165.3 23

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