Eurobank S.a. · ATHEX:EUROB
Eurobank — Eurobank Ergasias — Q2 2015 Earnings Presentation
11 slides from Eurobank's earnings presentation, Sep 28, 2015
Slide 1: Second Quarter 2015 Trading Update
Second Quarter 2015 Trading Update 28 September 2015
Slide 2: Disclaimer
Disclaimer This communication and the information contained herein has been approved by the Board of Directors of Eurobank Ergasias S.A. (“Eurobank” or “the Bank”), but does not constitute and should not be construed as being an announcement and/or presentation of Eurobank’s interim condensed consol
Slide 3: 2Q15 trading update
2Q15 trading update Highlights Core Pre-provision income (PPI, € m) 1 Core PPI (excluding trading and other income) at €204m, up 1.1% 211 204 192 202 q-o-q 178 64 63 67 Int'l 61 NII up 1.4% at €378m, mainly driven by lower deposit cost and 58 higher lending spreads Commission income grew 10.8% y
Slide 4: Net interest income
Net interest income NII breakdown (€ m) NII per region (€ m) 375 379 394 373 378 102 103 106 104 International 105 288 274 274 275 268 Greece Loan margin 519 525 521 517 509 2Q14 3Q14 4Q14 1Q15 2Q15 NII evolution q-o-q (€ m) Capital & bonds 37 20 22 16 32 9 15 (1) 19 378 373 (38) Market & Eurosystem
Slide 5: Commission income
Commission income Commission income breakdown (€ m) Commission income per region (€ m) Total fees excluding 86 85 90 88 88 Govt. guarantees expense 79 77 79 72 70 77 72 70 71 71 14 12 Rental & other income 26 12 12 13 23 11 7 Insurance 25 25 26 International 8 8 10 9 10 11 Mutual funds 10 12 9 6 6 C
Slide 6: Operating expenses
Operating expenses OpEx per region (€ m) OpEx breakdown (€ m) 248 247 23 20 Depreciation 90 90 268 262 258 Administrative 248 247 68 68 68 135 136 65 63 International Staff 1Q15 2Q15 Headcount and network evolution (#) Greece Retail 200 194 977 969 956 884 872 Branches (#) 190 183 183 17,575 17,527
Slide 7: Loans and Funding
Loans and Funding Gross loans (€ bn) Deposits (€ bn) Δ €m before FX impact, 42.7 41.9 40.9 write-offs 164 40 (41) 8.8 9.2 34.9 9.9 2.1 2.3 31.0 1.2 9.4 52.9 52.8 8.9 International 51.8 51.8 51.9 0.8 0.5 8.0 7.9 International Public Sector 7.8 7.6 7.6 31.0 31.2 29.8 24.8 21.6 Private Sector Greece Gr
Slide 8: New time deposits spreads and client rates (Greece)
New time deposits spreads and client rates (Greece) New time deposit spreads (bps) Deposits mix Core (113) 46% Time 54% (129) (167)(174) (181) (172) (190) (193) (177) (173) (173) (176) Core deposits share in the mix increased by 10ppt since 31/12/2014 (184) (208) (215) (200) (240) (234) Time depos
Slide 9: Loan and deposit spreads
Loan and deposit spreads Lending spreads (Greece, bps) Deposit spreads (Greece, bps) 509 508 Savings 503 501 489 and sight Corporate (29) (29) (36) 460 (42) (42) 447 449 451 452 Total 433 435 425 Retail 418 418 Total (107) (110) 2Q14 3Q14 4Q14 1Q15 2Q15 (138) Retail lending spreads (Greece, bps) (17
Slide 10: Asset quality
Asset quality 90dpd gross formation (€ m) 90dpd per region % 2Q14 3Q14 4Q14 1Q15 2Q15 0.7% 0.7% 0.5% 0.5% 90dpd ratio 0.2% % of gross loans Greece 33.6 34.9 35.4 36.3 36.6 International 21.7 21.9 21.5 20.9 21.0 391 Group 31.8 33.0 33.4 34.0 34.3 382 22 83 239 90dpd per segment 236 5 >90dpd ratio >90
Slide 11: 90dpd gross formation per segment (Greece)
90dpd gross formation per segment (Greece) Mortgages (€ m) Consumer (€ m) 245 221 216 205 201 190 171 160 164 149 138 147 143 135 129 117 122 119 115 103 109 94 100 79 76 84 82 72 72 66 56 54 43 55 41 35 35 17 4Q14 4Q10 2Q11 4Q11 2Q12 4Q12 2Q13 4Q13 2Q14 2Q15 4Q10 2Q11 4Q11 2Q12 4Q12 2Q13 4Q13 2Q14