Vtb · RUS:VTBR

Vtb — H1 2014 Earnings Presentation

17 slides from Vtb's earnings presentation, Aug 21, 2014

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

    VTB Group 1H’2014 Results Herbert Moos CFO and Deputy Chairman of VTB Bank Management Board Dmitry Pyanov Senior Vice President, Head of Finance Department Leonid Vakeyev Managing Director, Head of Investor Relations 1 August 21, 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 1H'2014 Highlights

    VTB Group 1H’2014 Highlights Key selected items (in RUB bn) 1H’14 1H’13 Change 2Q’14 2Q’13 Change Net interest income 177.2 150.3 +17.9% 87.3 76.5 +14.1% Net fee and commission income 28.8 25.6 +12.5% 14.5 14.1 +2.8% Operating income before provisions 220.1 184.0 +19.6% 115.4 93.3 +23.7% Provision c

  4. Slide 4: Interest Income and Average Yields

    Interest Income and Average Yields Interest income and average yields RUB bn 10.9% 10.8% 10.7% 10.4% 10.4% 10.8% 10.4% Yield on customer 9.6% loans 9.5% 9.5% 9.5% 9.7% 9.5% 9.6% Yield on total interest +20% bearing assets +20% 388.3 6% 324.6 200.1 7% Interest income on 185.6 188.2 167.4 176.1 other

  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 6.2% 5.8% 6.0% Cost of other interest 5.5% 5.5% 5.4% bearing liabilities (1) 5.3% 5.4% 5.2% 5.2% 5.0% Cost of total interest 5.3% 5.2% 5.2% 5.1% 4.8% bearing liabilities 5.3% 5.0% 4.9% 5.0% Cost of cu

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

    Net Interest Income Supported by Stable NIM Net interest income RUB bn +18% +14% 177.2 150.3 89.8 89.9 87.3 82.9 76.5 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 1H'13 1H'14 Net interest margin (1) % -20 bp -10 bp 4.5% 4.7% 4.5% 4.4% 4.3% 4.4% 4.2% 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 1H'13 1H'14 (1) Net interest income

  7. Slide 7: Solid Fee and Commission Income Growth

    Solid Fee and Commission Income Growth Fee and commission income breakdown RUB bn +14% +4% Other fee and 37.2 commission income 20.5 6% 18.8 32.7 Commission on 18.0 18.4 8% 7% 7% operations with securities 17.1 5% 16% 8% 10% 16% and on capital markets 7% 4% 6% 13% 9% 10% 16% 15% 13% 16% Commission o

  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 3.9% 5.5% 5.3% 5.1% 3.8% Loans to Individuals 3.2% 2.8% 2.5% 2.0% 1.9% 1.8% 2.6% Cost of risk 1.5% 1.5% 1.8% 1.3% Loans to legal entities 1.5% 1.9% 1.7% 1.3% 0.9% +83% +58% 92.5 42.8 Provisio

  9. Slide 9: Loan Book Quality

    Loan Book Quality Provision for loan impairment NPLs (90+) RUB bn RUB bn 6.3% 6.2% 5.9% 5.8% 5.9% 5.5% 5.9% 5.5% 5.4% 4.7% +23% 4.9% 5.0% +41% +8% +8% 412 443 440 372 389 361 408 325 337 313 342 375 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 A

  10. Slide 10: Staff and Administrative Expenses

    Staff and Administrative Expenses Staff costs and administrative expenses 133% RUB bn 88.0% 103% 60% 85% 79% 43% Share of Retail in Y-o-Y cost growth (1) 2.9% 2.6% 2.6% 2.5% 2.3% 2.4% 2.3% Cost / Assets 52.9% 49.5% Cost / Income ratio 55.1% 53.3% 50.4% 41.7% 48.7% 109.0 61.7 97.3 51.4 51.9 52.8 56.2

  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 +11% +13% +4% +4% 14.9% 14.7% 9,402 9,755 8,821 14.1% 14.0% 8,769 8,450 8,487 7% 12.8% 8,356 7% 7,821 12.8% 7,592 13% 5% 11% 7,479 14% 5% 8% 12% 10.8% 10.9% 12% 3% 17% 16% 15% 10.3%

  12. Slide 12: Financial Instruments

    Financial Instruments Breakdown by type Breakdown by classification RUB bn RUB bn +4% +4% -8% -8% 1,155 1,155 1,092 1,092 1,043 1,057 1,043 11% 1,057 1,014 1,014 10% 14% 22% 8% 9% 12% 8% 20% 16% 27% 24% 25% 29% 32% 24% 27% 32% 8% 7% 25% 29% 8% 6% 7% 58% 55% 62% 59% 57% 52% 55% 55% 51% 56% 30-Jun-13

  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 +13% +16% +7% +2% 7,130 6,684 6,019 6,330 5,020 5,637 4,929 4,313 4,324 4,341 76% 76% 63% 76% 76% 59% 62% 77% 62% 61% 24% 24% 24% 38% 39% 41% 38% 37% 23% 24% 30-Jun-

  14. Slide 14: Performance of Corporate Banking

    Performance of Corporate Banking Corporate loan portfolio Corporate liabilities RUB bn RUB bn Current accounts Term deposits +13% +24% +7% +3% 5,413 4,809 5,074 4,326 4,603 3,154 3,066 2,683 2,658 2,548 31% 27% 33% 27% 34% 69% 73% 67% 73% 66% 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 30-Jun-

  15. Slide 15: Performance of Retail Banking

    Performance of Retail Banking Retail loan portfolio Retail liabilities RUB bn RUB bn +13% +4% +7% +0.2% 1,718 1,862 1,866 1,610 1,793 1,521 1,630 1,666 1,417 18% 19% 19% 1,311 18% 17% 49% 50% 50% 57% 56% 6% 6% 6% 82% 8% 81% 81% 8% 8% 82% 83% 9% 9% 36% 36% 37% 35% 34% 30-Jun-13 30-Sep-13 31-Dec-13 31

  16. Slide 16: Segment Analysis 1H'2014

    Segment Analysis 1H’2014 Corporate – Investment Banking RUB bn 70.5 (30.7) Q-o-Q 2Q’2014 1Q’2014 (14.9) 29.5 -6% (15.8) (26.2) Q-o-Q (13.2) 41.0 +2% 13.6 (13.0) 6.3 12.2 7.5 (1.2) Operating income Provision charge Staff & admin Profit before tax before provisions expenses Net profit Mid-corporate ba

  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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