Komercni Banka, A.s. · PSECZ:KOMB
Komercni Banka, A.s — H1 2000 Earnings Presentation
27 slides from Komercni Banka, A.s's earnings presentation, Jul 31, 2000
Slide 1: Presentation of financial results for first half-year of 2000
KOMERČNÍ BANKA, a. s. Presentation of financial results for first half-year of 2000 (according to IAS) Prague, 31 July 2000 v 1
Slide 2: Profit and Loss Account
Profit and Loss Account CZK million 30.6.2000 30.6.1999 cha nge Ne t inte re s t income 6,050 5,620 7.7% Ne t fe e s a nd commis s ions 1,661 2,199 -24.5% De a ling profits 1,887 1,391 35.7% Othe r income 935 760 23.0% Op e rating inc o me 10,533 9,970 5.6% Adminis tra tive e xpe ns e s (4,633) (4,6
Slide 3: Net Interest Income
Net Interest Income CZK million 30.6.2000 30.6.1999 cha nge Inte re s t inc o m e 14,555 17,699 -17.8% - from s e curitie s 888 1,925 -53.9% - loa ns a nd a dva nce s to fina ncia l ins titutions 5,587 4,958 12.7% - loa ns a nd a dva nce s to cus tome rs 8,080 10,816 -25.3% Inte re s t e xp e ns e 8
Slide 4: Net Interest Margin
Net Interest Margin 3.43% 3.54% 3.43% 3.18% 30.6.1999 31.12.1999 31.3.2000 30.6.2000 v 4
Slide 5: Net Fees and Commissions
Net Fees and Commissions CZK million 30.6.2000 30.6.1999 cha nge Fe e and c o m m is s io n inc o m e 2,384 2,389 -0.2% - from s e curitie s 47 25 88.0% - from fina ncia l ins titutions 37 54 -31.5% - from cus tome rs 2,300 2,310 -0.4% Fe e and c o m m is s io n e xp e ns e 723 190 280.5% - on s e c
Slide 6: Dealing Profits
Dealing Profits CZK million 30.6.2000 30.6.1999 cha nge R e alis e d and unre alis e d gains / (los s e s ) - on s e curitie s a nd bonds 1,071 68 1475.0% - on inte re s t ra te of de riva tive s (130) (60) -116.7% - on fore ign e xcha nge tra ding 946 1,383 -31.6% To tal d e aling p ro fits 1,887 1
Slide 7: Administrative Expenses
Administrative Expenses CZK million 30.6.2000 30.6.1999 cha nge S a la rie s a nd s ocia l cos ts 2,433 2,327 4.6% Othe r a dminis tra tive e xpe ns e s 2,200 2,330 -5.6% Ad minis trativ e e xp e ns e s 4,633 4,657 -0.5% v 7
Slide 8: Number of Employees
Number of Employees 13,509 13,044 12,894 31.12.1999 31.3.2000 30.6.2000 Notice - average number of employees during the year v 8
Slide 9: Cost / Income Ratio
Cost / Income Ratio 62.63% 60.54% 56.20% 30.6.1999 31.12.1999 30.6.2000 v 9
Slide 10: Provision for Loan Losses - main influences
Provision for Loan Losses - main influences Dire ct impa ct of the CNB me a s ure (without impa cts of CZK 0.6 billion CZK 0.9 billion on loa ns tra ns fe rre d to KONP O) P os itive impa ct of the tra ns a ction with KONP O e ffe cting CZK (7.0) billion provis ioning in 3/2000 P rovis ion for loa n
Slide 11: Income Tax
Income Tax Calc ulatio n o f inc o me tax (in CZK millio n) 1999 1998 1997 P rofit / los s be fore ta x (9,218.1) (9,794.9) 203.4 Non-ta x de ductible cos ts 32,077.2 15,790.4 4,579.3 Non ta xa ble income (21,430.1) (5,435.1) (7,515.4) Ta x los s (2,732.7) 10% de duction of the ne wly a cquire d ta
Slide 12: Total Assets
Total Assets 390,122 391,220 CZK million 377,477 31.12.1999 31.3.2000 30.6.2000 v 12
Slide 13: Assets
Assets CZK million 30.6.2000 31.12.1999 cha nge Ca s h a nd ba la nce s with ce ntra l ba nk 18,936 21,948 -13.7% Due from fina ncia l ins titutions 193,315 131,778 46.7% T-bills 1,319 4,397 -70.0% Loa ns a nd a dva nce s to cus tome rs (ne t) 135,235 181,754 -25.6% De a ling s e curitie s 3,572 11,
Slide 14: Liabilities
Liabilities CZK million 30.6.2000 31.12.1999 cha nge Amounts owe d to cus tome rs 271,314 259,191 4.7% Amounts owe d to fina ncia l ins titutions 45,301 58,394 -22.4% Ce rtifica te d de bts 26,042 27,742 -6.1% S ubordina te d de bt 7,552 7,196 4.9% Tota l s ha re holde rs ' e quity 19,545 17,776 10.
Slide 15: BIS - Capital Adequacy
BIS - Capital Adequacy 14.33% 13.42% 10.32% Tier 1 10.78% 10.08% 7.35% 31.12.1999 31.3.2000 30.6.2000 v 15
Slide 16: Loan Portfolio Quality
Loan Portfolio Quality 32.8% 21.6% 16.7% 15.0% 5.7% 4.7% 31.12.1999 31.3.2000 30.6.2000 LUSR*) / Tota l loa ns Los s loa ns / Tota l loa ns v *) LUSR = sub-standard + doubtful + loss loans 16
Slide 17: Analysis of KB´s Loan Portfolio
Analysis of KB´s Loan Portfolio Ana lys is of Loa ns by Cre dit Loa n portfolio Loa n portfolio Loa n portfolio Qua lity Cla s s ifica tion a s a t 31. 12. 1999 a s a t 31. 3. 2000 a s a t 30. 6. 2000 CZK million a mount provis ions a mount provis ions a mount s ha re provis ions S ta nda rd 103,859
Slide 18: Classification of Loans Granted from 1. 1. to 30. 6. 2000
Classification of Loans Granted from 1. 1. to 30. 6. 2000 To tal Re volving Ne w CZK million 31,159 19,032 12,127 s ha re in % 100.0% 61.1% 38.9% S ta nda rd 76.3% 66.2% 92.1% Wa tch 16.1% 22.3% 6.3% S ub - s ta nda rd 6.5% 9.9% 1.2% Doubtful 1.0% 1.6% 0.3% Los s 0.1% 0.0% 0.1% To tal 100.0% 100.0%
Slide 19: Results of Work-out Process
Results of Work-out Process CZK million 30.6.2000 31.12.1999 a) Re alis atio n o f c o llate ral - a ppra is e d va lue 121 722 - ne t income from re a lis a tion 48 197 - ra tio of re a lis e d va lue 39.7% 27.3% b ) S e lling o f d e b ts - a mount of de bts 48,434 17,250 - income from s e lling 2
Slide 20: Structure of Collateral
Structure of Collateral CZK million As a t 30. 6. 2000 As a t 31. 12. 1999 (dis counte d va lue ) a mount proportion a mount proportion Gua ra nte e s 10,072 9.9% 11,714 8.5% Ca s h 1,121 1.1% 1,319 1.0% Bonds 1,978 2.0% 3,268 2.4% Re a l prope rty 58,610 57.9% 79,589 58.1% Othe r *) 29,492 29.1% 41
Slide 21: Analysis of KB´s Loan Portfolio
Analysis of KB´s Loan Portfolio CZK million As a t 30. 6. 2000 As a t 31. 12. 1999 a mount proportion a mount proportion Analy s is o f Lo ans b y Curre nc y Dome s tic curre ncy (CZK) 126,372 84.3% 175,058 83.7% Fore ign curre ncie s 23,539 15.7% 34,169 16.3% To tal 149,911 100.0% 209,227 100.0% An
Slide 22: Structure of Loans by Industry
Structure of Loans by Industry Tota l loa ns Loa ns ne wly gra nte d CZK millon a s a t 30. 6. 2000 in firs t ha lf-ye a r 2000 a mount s ha re a mount s ha re Agriculture , fore s try, na tura l re s ource s a nd mining 10,834 7.2% 1,729 5.5% Indus try 54,280 36.2% 14,080 45.2% P roduction a nd dis
Slide 23: Development of 3M, 6M PRIBOR and the RS KB
v % 4.00 4.50 5.00 5.50 6.00 6.50 7.00 7.50 8.00 8.50 30.12.1999 10.1.2000 19.1.2000 28.1.2000 8.2.2000 17.2.2000 3M P RIBOR 28.2.2000 8.3.2000 17.3.2000 28.3.2000 *) RS KB = reference rate of Komerční banka 6.4.2000 17.4.2000 6M P RIBOR 27.4.2000 10.5.2000 and the RS KB 19.5.2000 30.5.2000 8.6.2000
Slide 24: Price of KB´s Share and GDR KB
v 0 1,000 1,100 1,200 100 200 300 400 500 600 700 800 900 3.1.2000 12.1.2000 21.1.2000 1.2.2000 10.2.2000 21.2.2000 1.3.2000 10.3.2000 21.3.2000 30.3.2000 10.4.2000 19.4.2000 2.5.2000 12.5.2000 KB (CZK) 23.5.2000 GDR (CZK) 1.6.2000 12.6.2000 21.6.2000 Price of KB´s Share and GDR KB 30.6.2000 13.7.20
Slide 25: New Organizational Structure
New Organizational Structure Chairman of the Board and CEO Radovan Vávra 4300 Division 2012 Section Internal Audit CEO Office Karel Kafka Martina Trávníčková Channel Product and Segment Chief Financial Chief Operations Investment Banking Officer Strategy and Privatization Management Management and R
Slide 26: Structure of Shareholders
Structure of Shareholders Numbe r of P roportion of s ha re s e quity Fond ná rodního ma je tku Če s ké re publiky 22,806,227 60.00% The Ba nk of Ne w York ADR De pa rtme nt 4,216,794 11.09% ČS OB, a . s . - Divize Inve s tiční a poš tovní ba nka 650,265 1.71% S ta te S tre e t Ba nk a nd Trus t Com
Slide 27: Contacts
Contacts Investor Relations Division Hana Urbanová Head of Division tel: +420 2 224 32155 fax: +420 2 2422 9340, 2422 9482 E-mail: hana_urbanova@koba.cz Eva Čulíková Ladislav Šilha tel: +420 2 224 32156 tel: +420 2 224 32734 E-mail: eva_culikova@koba.cz E-mail: ladislav_silha@koba.cz v 27