Vtb · RUS:VTBR

Vtb — 9M 2012 Earnings Presentation

20 slides from Vtb's earnings presentation, Dec 20, 2012

  1. Slide 1: VTB Group 9M'2012 Results

    VTB Group 9M’2012 Results Herbert Moos CFO, Deputy Chairman of the Management Board Jyrki Talvitie SVP, Head of Financial Institutions and Investor Relations 1 December 20,© 2012 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 3Q'2012 and 9M'2012 Financial Highlights

    VTB Group 3Q’2012 and 9M’2012 Financial Highlights ■ Second record high quarterly net profit in VTB history – 3Q’2012 net profit at RUB 26.6 bn with annualised ROE of 16.2%. 9M’2012 net profit at RUB 60.2 bn ■ Robust development of Retail: loans grew 25% YTD and comprise 21% of total book, segment p

  4. Slide 4: VTB Group 9M'2012 Financial Highlights – Results by Segment

    VTB Group 9M’2012 Financial Highlights – Results by Segment Corporate-Investment Banking Loans & Deposits PBT Transaction banking PBT Investment Banking PBT -63% +64% -35% 50.3 11.3 (RUB bn) (RUB bn) (RUB bn) 18.7 17.5 13.9 8.5 30.1 +72% 9M'11 9M'12 9M'11 9M'12 (18.8) 9M'11 9M'12 Result from princip

  5. Slide 5: Subsegment Loans and Deposits – Financial Result

    Subsegment “Loans and Deposits” – Financial Result Operating income Profit before taxation 9M’2011 9M’2012 9M’2011 9M’2012 +3% -15% -9% +58% +46% -63% 92.4 92.4 84.3 84.3 74.5 77.1 74.6 (17.8) 56.2 50.3 (28.1) (25.8) (RUB bn) (RUB bn) 15.9 13.5 18.7 2.0 (37.6) (6.3) Operating income Provision Operat

  6. Slide 6: Performance of Corporate Banking

    Performance of Corporate Banking Corporate loan portfolio Corporate liabilities Term deposits Current accounts -0.4% -10% +2% +3% 3,766 3,752 3,661 3,690 3,696 2,472 2,435 2,143 2,123 2,191 597 649 740 676 760 (RUB bn) (RUB bn) 1,875 1,787 1,403 1,448 1,430 30-Sep-11 31-Dec-11 31-Mar-12 30-Jun-12 30

  7. Slide 7: Performance of Transaction Banking

    Performance of Transaction Banking Transaction Banking – financial result 9M’2011 9M’2012 9M’2011 9M’2012 +62% +32% +48% +37% +64% 30.5 30.5 20.6 20.6 17.3 13.1 13.9 (RUB bn) (RUB bn) 10.7 9.9 (16.6) 8.5 (12.1) 0.0 0.1 Net interest income Net fee and Other operating Operating income Operating income

  8. Slide 8: Performance of Investment Banking

    Performance of Investment Banking Investment Banking – financial result 9M’2011 9M’2012 9M’2011 9M’2012 -4% +50% -35% 29.7 28.4 29.7 28.4 0.2 0.1 17.8 17.5 (RUB bn) 13.5 14.3 (12.4) 11.3 (RUB bn) 6.9 4.7 4.4 (18.6) 2.5 Operating income Provision Staff costs & Segment result before provisions charge

  9. Slide 9: Scaling Down Market Risk Exposure

    Scaling Down Market Risk Exposure Equity securities (in RUB bn) 31-Dec-11 31-Mar-12 30-Jun-12 30-Sep-12 Equity securities 272 265 247 201 as % of total assets 4.0% 4.1% 3.6% 2.8% Market risk levels related to principal equity book have been dramatically reduced: gross delta down 75% YTD Securities p

  10. Slide 10: Retail Banking – Solid Performance

    Retail Banking – Solid Performance Operating income before provisions Profit before taxation 9M’2011 9M’2012 9M’2011 9M’2012 +48% +65% +50% +122% +50% +31% 106.8 106.8 89.9 82.1 71.1 71.1 (16.9) 63.5 55.4 (7.6) 35.6 (RUB bn) (RUB bn) 27.2 21.1 12.8 (54.3) 2.9 3.6 (36.3) Operating Provision Operating

  11. Slide 11: Retail Banking – Robust Growth

    Retail Banking – Robust Growth Retail loan portfolio Retail deposits Consumer loans & other Current accounts Car loans Term deposits +15% +25% Mortgage loans 1,315 1,331 1,027 950 1,161 1,190 861 1,079 265 270 824 242 763 198 255 582 529 439 470 412 94 1,050 1,061 87 907 948 (RUB bn) 79 881 (RUB bn)

  12. Slide 12: Financial Update

    Financial Update =a SVB

  13. Slide 13: Operating Income and NIM

    Operating Income and NIM Operating income before provisions (1) +23% +70% 259.1 76.7 Net fee and 95.4 96.8 34.2 12.1 66.9 209.9 commission income 56.9 10.3 12.4 11.5 27.1 9.2 Net interest income 54.0 61.9 before provisions 77.9 58.4 174.3 (RUB bn) 54.0 Net result from financial (RUB bn) 149.1 22.8 i

  14. Slide 14: Staff and Administrative Expenses

    Staff and Administrative Expenses Staff costs and administrative expenses 52.1% 43.3% 66.1% 66.7% 44.5% 49.4% 41.3% 134.9 50.7 47.8 90.8 62.1 42.5 44.6 (RUB bn) 42.6 (RUB bn) 23.5 24.3 20.4 21.9 19.8 14.6 72.8 26.4 22.7 24.2 25.9 48.2 8.9 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 9M'11 9M'12 Cost / Income ratio

  15. Slide 15: Asset Quality

    Asset Quality Сost of risk returns to normal levels after countercyclical charge in 1Q’2012 1.7% 1.0% 1.0% 1.3% 0.9% 1.0% Provision charge 0.5% for loan impairment / Average gross loan 20.4 portfolio 45.0 11.9 12.7 Provision charge (RUB bn) (RUB bn) 25.3 8.0 for impairment of 6.3 debt financial asse

  16. Slide 16: Healthy Balance Sheet Structure

    Healthy Balance Sheet Structure Assets structure Net interest spread 7,185 10.1% 6,790 6,858 9.5% 6,451 9% Cash and mandatory 9.0% 9.0% 9.3% 6,335 6% 7% 6% 6% reserves 14% 15% 15% 13% 12% Securities 6% 6% 6% 4% 4.2% 4.3% 6% portfolio (1) 4.8% Due from other banks 5.1% 5.2% 63% 66% 63% 62% 5.1% 65% L

  17. Slide 17: BIS Group Capital

    BIS Group Capital Tier I development +11% +6% 6,114 35 568 5,773 514 31 -12 (RUB bn) (RUB bn) Tier I Issuance of before perpetual loan Total Tier I Retained Other participation RWAs RWAs deductions notes (1) earnings capital 2Q’12 3Q’12 2Q’12 3Q’12 BIS Group capital 14.4% 13.7% 13.2% 13.0% 12.8% 12.

  18. Slide 18: Appendix

    Appendix 18 © VTB 2012

  19. Slide 19: VTB Group Public Debt and Hybrid Instruments

    VTB Group Public Debt and Hybrid Instruments VTB Group public debt instruments outstanding(1) VTB Group public debt instruments outstanding(1) Equivalent amount Maturity Date/ Equivalent amount Maturity Date / Borrower Instrument Coupon Borrower Instrument Coupon (USD, mn) Put or Call Option (USD, m

  20. Slide 20: VTB Group International Public Debt Instruments Issued in 2012

    VTB Group International Public Debt Instruments Issued in 2012 Borrower Date of issue Amount (mn) Instrument Maturity date Coupon / rate  USD 1.5 bn (Apr 2012) VTB USD 2,000 Series 15 EMTN 2 Apr 2017 6.0%  USD 0.5 bn tap (Aug 2012) VTB Jul 2012 SGD 400 Series 17 EMTN 2 Jul 2015 4.0% First call dat

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