SinoPac Financial Holdings Co., Ltd. · TWSE:2890
SinoPac Financial — Q4 2009 Earnings Presentation
62 slides from SinoPac Financial's earnings presentation, Mar 31, 2010
Slide 1: SinoPac Holdings 2009 Q4 Analyst Meeting
XK = wis SinoPac Holdings 2009 Q4 KFARWS 2010/03/31
Slide 2: Disclaimer
Disclaimer This presentation and the presentation materials distributed herewith may include forward-looking statements. 2009 Q4financial data are preliminary. All statements, other than statements of historical facts, that address activities, events or developments that SinoPac Financial Holding Co
Slide 3: World Bank growth forecasts and interest rates
World Bank 2009 2010 2011 -2.2 2.7 3.2 1.25% 2009/8/24 0.75% -3.3 1.8 2.3 4.0% 2009/10/6 1.00% -2.5 2.5 2.7 1.75% 2009/10/28 0.50% -3.9 1.0 1.7 4.00% 2010/1/28 0.50% -5.4 1.3 1.8 2.25% 2010/3/4 0.25% 1.2 5.2 5.8 5.0% 2010/3/19 0.25% 6.8 8.1 8.2 8.4 9.0 9.0 5.7 6.9 7.4 6.0 7.5 8.0 5.31% 2010/2Q 0.54%
Slide 4: 2009 Q3 2009 Q4 2010 Q1 economic indicators
2009 Q3 2009 Q4 2010 Q1 • 2010 • • NT$100 • • • 2010 • 2010 30% • • 12 • 3 • 2010 • • QDII 46 • (ECFA) • % 08Q1 08Q2 08Q3 08Q4 09Q1 09Q2 09Q3 09Q4 10Q1(E) GDP YoY growth rate 6.88 5.38 -0.80 -7.11 -9.06 -6.85 -0.98 9.22 9.24 08Q1 08Q2 08Q3 08Q4 09Q1 09Q2 09Q3 09Q4 10-1 10-2 Unemployment rate 3.86 3.
Slide 5: Economic outlook forecasts
2009 2H 2010 20094Q 1Q (E) (E) 1Q (E) (E) GDP 9.22% 10.66% 5.67% 9.24% 4.72% CPI -1.25% 1.26% 1.25% 1.30% 1.27% 19.06% 29.80% 14.01% 34.72% 13.84% 14.53% 34.35% 16.38% 43.39% 17.66% 5
Slide 6: Market spread and trends
─ 2009 FY 0.53% 2009 FY 8.08% 186,428 249,825 185,140 182,134 231,796 217,555 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 : 2010.3.9 (Spread%) 66,038 64,889 2009 FY 3.3% 1.74 1.74 1.61 62,750 32,294 31,697 1.31 2009 FY 1.94% 31,310 Mar-08 May-08
Slide 7: Banking industry indicators
─ (%) (%) 1.83 91.22 90.5 1.63 1.53 1.29 69.48 65.15 1.13 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 (%) (%) 11.86 28.88 28.39 21.92 11.08 10.88 18.78 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Dec-07 Jun
Slide 8: ECFA and cross-strait developments
─ • 10% • ECFA (1) • 2010 (2) • (3) (4) • 20% • ECFA • 192 • MOU • (1) QDII • US$500Mn • 2010/1/25 (2) QDII US$80Mn (3) 10% (4) 8% • 2010 (5) 5% 10% (6) 10% • • • 2010 ─ • 3 8
Slide 9: SinoPac Holdings 2009 Q4 results
KS SH 2010+ FH RS v 584 bE oA El AE ARR TA BULA VER 2 REAR Po DAR RR VECS a eR > EIR YP BR IRS VBE RIK FE FB RAR AL @ XK = = ay SinoPac Holdings
Slide 10: 2009 highlights
2009 • 2009 908 2,085 1,972 • 2009 6,223 • 2009 1,441 • 2009 SIV 100% • 120% 107% • 12.16% Tier 1 9.28% 327% • 22.95% • 12 0.89% 86.24% • 12 1.04% 209.87% • 12 FENB 6.89% 69.31% 10
Slide 11: 2009 highlights: spread and NIM
2009 • 2009 spread 1.20% NIM 1.11% • 2009 12 spread 1.31% NIM 1.19% • ( ) 1,180 11% • 2009 • 2009 12 44.18% 2008 12 9.53% • 2009 12 46% 54% 12 49% 2008 4.4% / • 2009 12 11.63% 2008 12 16.46% • 12 NT$58,532Mn 29.89% 11
Slide 12: 2009 major events
2009 12/31/2009 3.4 (NT$4.08Bn) 100% 12/25/2009 PEM Group US$44.66Mn( NT$14.45 ) 12/11/2009 (Global Depository Receipt) 20 NT$30Bn 12/08/2009 10/26/2009 NT$628.9Mn 10/23/2009 10/23/2009 09/25/2009 NT$4.5Bn 09/25/2009 09/25/2009 FENB US$46Mn SinoPac Bancorp 06/26/2009 06/26/20
Slide 13: 2009 consolidated earnings YoY
2009 YoY 1,767 永豐金控合併損益 (-7.1%) 4,985 (-28.7%) 320 (3.9%) 1,422 (-8.3%) 35,002 1,559 32,364 ( ) 643 29,992 & 3,403 1,517 24,892 406 ( ) 186 ( ) 23,125 10,544 18,289 & 20 22,188 978 8,112 17,167 & 2,561 598 8,432 15,745 8,363 6,804 18,447 17,377 12,392 SIV/CDO SIV/CDO 5,712 6,020 6,223 SIV/CDO 221 -3
Slide 14: Pre-tax income YoY and 09Q3
( ) 2009 YoY 21% 09Q3 4,403 (-31%) 282 (-8%) 2,075 (-18%) 22,225 23,181 20,840 , 932 19,101 1,051 , 974 & 152 575 & 754 9,989 614 11,447 15,059 3,368 4,166 & , 1,808 597 12,771 658 3,086 6,524 5,714 9,372 14,249 13,362 9,846 SIV/CDO SIV/CDO 5,712 6,020 3,178 SIV/CDO 221 2007 -256 2008 -937 2009 ( 1,
Slide 15: Net income YoY
2009 YoY 213% 230 (-24%) 840 (35.7%) 1,776 7,822 46 , 228 616 1,152 5,874 85 73 335 , 45 713 2,179 75 3,865 1,874 1,441 3,559 , 64 943 2,651 114 79 3,865 3,516 3,559 3,192 2,352 2,537 2007 2008 2009 -1,430 3,957 (777) 2,315 3,529 -134 (828) 1,972 ( ) 1,719 1,214 1,417 15
Slide 16: Double leverage ratio and BIS ratio
─ Double Leverage Ratio 135% 134% 126% 130% 120% 115% 117% 115% CAR DLR 105% 105% 105% 107% 104% 104% 101% 101% 2008Q1 2008Q2 2008Q3 2008Q4 2009Q1 2009Q2 2009Q3 2009Q4 2009Q4 BIS ratio Q3 55bps Tier-I ratio 12.16% 11.66% 11.61% 10.86% BIS ratio 10.25% 10.44% 10.44% 10.10% Tier I ratio 9.38% 9.28% 9.
Slide 17: Loans 2009Q4 YoY
─ 2009Q4 1.8% 14% YoY 655,816 678,347 685,392 672,810 643,966 632,099 638,546 693,023 3.00% ( ) 341,524 338,530 337,888 352,752 4.40% 339,038 336,015 338,665 346,421 19,414 18,786 17,598 14,495 -17.63% 21,007 15,859 14,902 14,524 226,298 239,857 251,446 246,374 243,149 -1.31% 225,153 206,363 205,172
Slide 18: Asset quality 2009 Q4
─ 2009 Q4 0.89% 86.24% 2009 2008 2,745 5,714 5,067 1,380 1,332 4,189 846 1,759 3,161 1,465 512 1,783 1,474 2,237 1,189 876 2,439 2,575 2,270 1,001 1,209 1,106 210 -407 -611 2008 2009 8,612 5,867 1. 18 2.
Slide 19: NPL ratio and coverage ratio
─ 2.50% 2.06% 2.00% 2.00% 1.81% 1.80% 1.78% 1.93% 1.88% 1.62% 1.67% 1.70% 1.84% 1.80% 1.66% 1.50% 1.45% 1.35% 1.38% 1.31% 1.26% 1.55% 1.15% 1.00% 1.32% 0.89% 1.10% 1.06% 0.97% 0.50% 0.77% 0.60% 0.00% 2007 2008 Q1 2008 Q2 2008 Q3 2008 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 102.45% 100% 89.38% 90% 79.62%
Slide 20: Asset quality trends
─ 3.00% 2.43% 2.50% 2.23% 1.88% 2.00% 1.68% 1.54% 1.68% 1.42% 1.50% 1.21% 1.04% 1.00% 0.50% 0.00% 2007 2008 Q1 2008 Q2 2008 Q3 2008 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 350% 296.28% 281.17% 300% 260.63% 250% 205.10% 209.87% 200% 219.80% 138.25% 150% 100% 62.03% 67.49% 50% 0% 2007 2008 Q1 2008 Q2 2008
Slide 21: Deposits and loans
─ 80% 78% 78% 76% 77% 76% 76% 74% 74% 841,826 810,820 824,652 824,652 814,176 811,493 813,997 805,623 798,130 657,548 632,869 638,965 635,902 608,249 606,410 613,484 603,134 608,684 200712 200803 200806 200809 200812 200903 200906 200909 200912 21
Slide 22: NIM and spread
─ NIM and Spread Spread NIM 1.73% 1.64% 1.62% 1.63% 1.53% 1.31% 1.42% 1.39% 1.35% 1.34% 1.17% 1.26% 1.12% 1.14% 1.02% 1.19% 1.05% 1.03% 0.91% April-09 0.80% 07Dec 08Mar 08Jun 08Sep 08Dec 09Mar 09Jun 09Sep 09Dec 22
Slide 23: Securities investment portfolio
─ 2009/12 1,649 9,979 16.5% NCD/CP2/ / 1,477 89.6% AssetSwap 1.13% / 0.93% CB/ECB 0.16% CDO(SIV / )0.70% 6.70% CDO 0.26% MBS 0.14% / CLN 0.19% /CP2/ NCD SIV 0.19% 89.60% 23 23
Slide 24: SIV+CDO exposure
SIV+CDO US$ Mn (2009/12) SIV 273 (273) 100% SIV 62 (62) 100% SIV 335 (335) SIV 100% US$ Mn(2009/12) CDO 20.2 (17.1) CDO 85% ** CDO-PALLADIO 2009/12 Citi ( EUR 5Mn/USD 7.4Mn) 24
Slide 25: Fee income 2009Q4
─ 2009 YoY 6.6% 2009Q4 2008Q1 2009Q4 QoQ 11.11% 2008 2009 4,137 3,863 QoQ 1,207 QoQ 11.11% 1,180 1,140 72 13% 1,062 66 63 1,046 214 66 QoQ 941 70 186 158 38% 71 198 126 149 249 137 744 95 680 216 80 94 59 149 81 63 58 66 200 148 158 79 160 148 177 48 220 101 146 76 66 73 48 194 86 78 QoQ 126 60 126
Slide 26: Operating expenses
─ 2009Q4 10.7% 2009 8.3% 2008 2009 17,167 15,745 4,632 4,574 4,187 4,217 4,131 1,289 3,679 3,720 3,772 1,360 1,510 1,537 1,499 306 1,061 1,188 1,127 241 303 302 302 273 255 267 3,037 2,974 2,374 2,378 2,330 2,345 2,265 2,390 08Q1 08Q2 08Q3 08Q4 09Q1 09Q2 09Q3 09Q4 26
Slide 27: SIV CDO and asset quality summary
─ 2009 2007 2008 2009 8,483 8,122 7,642 * * * * * * 18,289 17,167 15,745 * 8,086 6,804 6,223 * SIV 46.00% 96.00% 100% CDO 51.60% 71.00% 84.92% * ( ) NPL ratio 1.93% 1.35% 0.89% Coverage ratio 51.03% 75.05% 86.24% * 6/6 2009/4/29 2009/5 100 2009/12/11 20 NT$30Bn 2009/12/31 3.4 (NT$4.08Bn) * 118% 126%
Slide 28: Appendix: SinoPac Financial Holdings
BA AED AS BAT 7 Th BR KESBH RA ARR DH @D XSF sinorac toldings
Slide 29: Key financial indicators
– ( , ) 2009 2008 908 (3,690) 0.13 (0.53) 11,280 11,096 0.08% -0.33% 82,863 81,646 1.10% -4.39% 6,991 7,103 11.84 11.68 12.90 7.15 99.34 -13.76 1.09 0.61 107% 105% 120% 126% 29
Slide 30: Consolidated income statement 2008 vs. 2009
– 2008 vs. 2009 ( ) 2009 2008 22,328 39,710 (17,382) (9,936) (22,333) 12,397 12,392 17,377 (4,985) 8,432 8,112 320 2,424 (3,599) 6,023 -SIV/CDO 210 (2,907) 3,117 - (128) (472) 344 ( ) - 726 1,450 (724) 10 381 (371) 101 96 5 (25) 0 (25) 36 (159) 195 -SIV/CDO (431) (3,114) 2,683 14 3 11 ( ) 20 186 (16
Slide 31: Long-term investments and ROI
– 2009/1~12 12/31/08 12/31/09 ( ) ROI ( ) 63,217 56,436 4,080 (643) (208) 2 59,666 -1% 18,266 20,734 1,972 (108) 22,598 9% 4,899 3,530 35 70 2% - 3,219 3,530 32 70 (3,632) - 1,680 3 100 111 29 (8) 132 24% 3,000 2,843 (4) (50) 139 2,927 0% 40 105 (60) 11 (12) 6 51 14% 1,091 1,087 65 (89) 0.04 1,063 6
Slide 32: Shareholders' equity movement
– ( ) 2009 2008 $ 81,646 $ 86,320 908 (3,690) 101 59 (941) 291 - 104 (165) - (155) 105 - 92 (64) -BSP 15 - (124) 6 $ 82,863 $ 81,646 32
Slide 33: Subsidiary results
– 2009 2008 6,988,018 7,102,061 10,234 5,988 0 (120,031) 6,998,252 6,988,018 1. 12 6,990,773 2. 157,422 67,466 94,034 14,969 59.73% 22.19% 63,388 52,497 ( ) 9.84 14.13 33
Slide 34: Appendix: Bank SinoPac
BA AED AS BAT 7 Th BR KESBH RA ARR DH @D XSF sinorac toldings
Slide 35: Bank key financial indicators
– ( ) 2009 2008 2,085 (3,184) ( / ) 0.47 (0.69) 997,939 988,767 0.21% -0.32% 62,360 56,437 3.51% -5.44% ( SIV CDO) 61.35% 58.71% 12.62% 10.99% ( ) 841,826 814176* 657,548 635,902 710,592 672,810 - 0.89% 1.35% 86.24% 75.05% 1.20% 1.66% (NIM) 1.11% 1.61% * 2008 814,176 2009Q3 35
Slide 36: Bank income statement 2008 vs. 2009
– 2008 vs. 2009 ( ) 2009 2008 9,848 14,412 (4,564) 3,086 3,368 (282) 693 (591) 1,284 (10) 335 (345) (25) 0 (25) & 597 614 (16) (937) 152 (1,089) 37 (80) 117 1,771 1,054 717 15,061 19,264 (4,204) (9,372) (11,447) 2,075 5,688 7,817 (2,129) (3,178) (5,714) 2,536 2,510 2,103 407 ( ) (229) (457) 228 (1)
Slide 37: Bank fee income 2008 vs. 2009
– 2008 vs. 2009 ( ) 2009 2008 1,178 1,260 (82) 618 578 40 313 376 (63) 190 273 (83) 211 244 (33) 72 60 12 517 624 (106) (13) (47) 35 ( ) 3,086 3,368 (282) 721 716 5 56 53 3 3,863 4,137 (274) 37
Slide 38: Bank subsidiary results 2008 vs. 2009
– 2008 vs. 2009 2009 2008 SinoPac Bancorp (1,494) (424) (1,070) SinoPac Capital 31 80 (49) (2009/1~11 , 99.7683%) 108 37 72 (2008/1~3 , 97%) 0.00 (0.09) 0.09 29 28 1 389 433 (43) (937) 152 (1,089) 38
Slide 39: Bank assets and deposits
– 2009 2008 841,826 100.0% 814,176 3.4% 686,492 81.5% 658,765 4.2% 7,340 0.9% 7,230 1.5% 287,055 34.1% 213,486 34.5% 371,052 44.1% 416,984 -11.0% 21,045 2.5% 21,065 -0.1% 155,334 18.5% 155,411 0.0% 4,338 0.5% 3,961 9.5% 73,196 8.7% 56,644 29.2% 77,800 9.2% 94,806 -17.9% 2009 2008 ( ) 657,548 100.0%
Slide 40: Bank deposits breakdown
– 12/31/09 12/31/08 ( ) % % +/-(%) 325,777 46 317,324 47 2.7 290,793 41 280,613 42 3.6 / / 19,360 3 20,248 3 -4.4 11,559 2 12,696 2 -9.0 / 4,065 1 3,767 0 7.9 367,247 52 355,486 53 3.3 366,756 52 355,290 53 3.2 491 0 196 0 150.7 17,568 2 17,568 2 710,592 100 672,810 100 5.6 * 2009.06.01 40
Slide 41: Bank loans breakdown
– 12/31/09 12/31/08 ( ) +/-(%) % % 145,576 20 154,196 23 -5.6 64,747 9 70,498 10 -8.2 46,653 7 47,092 7 -0.9 33,246 5 35,611 5 -6.6 930 0 995 0 -6.5 18,114 3 16,572 2 9.3 / 4,819 1 5,251 1 -8.2 35,858 5 32,153 5 11.5 49,718 7 39,740 6 25.1 18,887 3 13,852 2 36.3 136 0 63 0 116.1 8,573 1 9,210 1 -6.9
Slide 42: Bank funding breakdown
– 12/31/09 12/31/08 ( ) +/-(%) % % 352,752 50 337,888 50 4.4 9,022 1 11,637 2 -22.5 3,236 1 4,068 1 -20.5 1,746 0 1,697 0 2.9 491 0 196 0 150.7 367,247 52 355,486 53 3.3 42
Slide 43: Bank results by segment
– 2009/12 2008/12 2,197 3,671 5,867 3,914 4,698 8,612 0 1,208 183 1,391 0 333 152 485 2,197 4,879 183 7,258 3,914 5,031 152 9,097 - (611) 1,209 598 (407) 1,001 594 - (611) 2,267 876 2,532 (407) 1,141 1,189 1,922 ( )- 1,106 2,237 3,343 2,270 1,465 3,735 ( )- 1,106 2,447 846 4,399 2,270 1,618 1,332 5,
Slide 44: Bank other indicators
– ( , ) 2009 2008 499 -427 ( ) -2.04 17,747 17,161 2.86% -2.63% 2,894 -13.60% 43.90% 47.28% 18.25% ( ) 1,359 1,603 ( ) 894 968 66,022 71,679 17,568 21,520 8,105 10,752 (90 180 ) 1.04% 1.54% 846 1,332 3.00% 0.0107738 5.78% * 2009.06.01 44
Slide 45: Appendix: Overseas subsidiaries
BA AED AS BAT 7 Th BR KESBH RA ARR DH @D XSF sinorac toldings
Slide 46: L.A. FENB SIV+CDO+MBS income statement
2008 vs. 2009 ( ) 2009 2008 L.A. 2,651 2,205 446 FENB(SPB) (45,220) (13,281) (31,939) (42,569) (11,076) (31,493) 8,953 12,368 (3,415) 2,562 990 1,572 ( 934 2,530 (1,596) ( 550 (10,571) 11,121 ( 4 1 2 ( 554 (2,161) 2,715 ( 2,120 1,063 1,057 279 (79) 358 15,955 4,142 11,814 (1) (26,614) (6,934) (19,67
Slide 47: FENB key indicators
– FENB 2009 2008 (45.03) (12.86) ( ) (195.78) (71.30) 2,081 2,223 -2.15% -0.61% 210 204 -20.95% -5.85% 91.94% 92.21% ( ) 11.93% 11.56% 1,569 1,702 1,304 1,441 6.89% 3.32% 56.77 11.92 69.31% 62.21% 3.21% 3.70% (NIM) 2.41% 3.42% 83.14% 84.67% 47
Slide 48: Appendix: SinoPac Securities
BA AED KB Se AKG RAT 7 Ob BRAS KE BER RAAB R- SHR @D XSF sinorac toldings
Slide 49: Securities key financial indicators
– 2009 2008 1,972 (828) (NT$) 1.41 (0.59) 51,978 36,779 4.40% -1.88% 22,598 20,734 9.10% -3.83% 59.30% 148.38% 327% 527% 11,574 16,190 ( ) 1,417 1,214 4.828% 4.388% 49
Slide 50: Securities income statement
– 2009 2008 ＋ /－ 3,192 2,352 840 ( ) 613 (1,129) 1,742 75 79 (4) 713 943 (230) 84 65 19 20 186 (166) (108) 13 (121) 13 (38) 51 (65) (83) 18 968 (379) 1,347 (42) (22) (20) 3 21 (18) (3,559) (2,537) (1,022) ( ) 335 (134) 469 73 (114) 187 ( ) 2,315 (777) 3,092 (343) (51) (292) ( ) 1,972 (828) 2,800 50
Slide 51: Securities income breakdown
– 2009 % 2008 % 959 42 1,105 (142) 751 32 (408) 52 801 35 (775) 100 (196) (9) (699) 90 ( ) 2,315 100 (777) 100 * 包含會計原則變動累計影響數。 51
Slide 52: Securities other items
– 2009 2008 ＋／－ 207 238 (31) (4) (7) 3 ( ) 132 (365) 497 335 (134) 469 ( )100%- 9 (2) 11 ( ) 18 (334) 352 ( ) 52
Slide 53: Securities results by business
– ( ) A B C=B-A D E F=D+E 2,905 3,043 138 139 228 367 5,950 6,145 195 344 (14) 330 62 62 0 (1) 0 (1) 8,917 9,250 333 482 214 696 1,719 1,822 103 150 239 389 950 1,082 132 241 0 241 2,669 2,904 235 391 239 630 1,894 1,980 86 95 160 255 1,894 1,980 86 95 160 255 13,480 14,134 654 968 613 1,581 573 579
Slide 54: Securities capital adequacy
– 2009 2008 (A) 14,811 13,263 22,585 20,715 204 200 7,978 7,652 (B) 4,530 2,515 1,806 848 1,897 694 827 973 (C)=(A)/(B) 327% 527% 54
Slide 55: Appendix: Balance sheets
BA AED KGS AS BAT 7 Th BR KBSBH RAAB R- SHR @D XSF sinorac toldings
Slide 56: Holding company balance sheet
– ( ) 12/31/09 12/31/08 +/-(%) 153 43 258% 2,057 2,277 -10% 87,915 84,847 4% 1,388 1,545 -10% 91,514 88,712 3% 1,130 510 122% 2,299 1,599 44% 2,992 2,989 0% 2,091 1,947 7% 139 21 557% 8,651 7,065 22% 69,983 69,880 0% 3,047 1,728 76% 10,871 9,963 9% (1,038) 75 -1486% 82,863 81,646 1% 91,514 88,712 3%
Slide 57: Bank balance sheet (1)
– (1) ( ) 12/31/09 12/31/08 +/-(%) 22,273 18,201 22% 81,686 100,343 -19% 38,880 49,820 -22% 4,057 4,349 -7% - 69,747 59,029 18% - 693,657 677,154 2% 38,971 32,300 21% 125,825 117,685 7% 56 55 3% 25,668 22,229 15% - 11,914 11,768 1% - 15,265 16,685 -9% 1,128,000 1,109,617 2% 57
Slide 58: Bank balance sheet (2)
– (2) ( ) 12/31/09 12/31/08 +/-(%) 44,804 41,827 7% - 10,187 6,711 52% 10,794 20,410 -47% 15,062 14,453 4% 34,811 32,366 8% 868,541 838,636 3.6% 28,280 36,363 -22% 17,595 20,111 -13% 15,063 17,051 -12% 1,045,137 1,027,929 2% 69,983 69,880 0% 2,017 1,728 17% 10,871 9,963 9% (8) 75 -110% 0 42 -100% 82
Slide 59: Consolidated balance sheet (1)
– (1) ( ) 12/31/09 12/31/08 +/-(%) 17,657 14,960 18% 72,664 90,569 -20% 16,815 32,983 -49% 0 2,599 -100% - 52,276 48,501 8% - 652,502 629,440 4% 31,436 23,628 33% 123,833 115,762 7% 8,699 9,632 -9.7% - 6,065 3,154 92% - 8,890 9,202 -3.4% 7,102 8,337 -15% 997,939 988,767 0.9% 59
Slide 60: Consolidated balance sheet (2)
– (2) ( ) 12/31/09 12/31/08 +/-(%) 42,370 39,155 8% 0 3,545 -100% 8,636 16,919 -49% 1,598 4,426 -64% 23,193 29,632 -22% 826,352 793,819 4% 27,130 28,763 -6% 0 3,300 -100% 0 1,750 -100% 0 6,451 -100% 2,965 867 242% 3,335 3,703 -10% 935,579 932,330 0% 48,218 44,818 8% 8,874 8,194 8% 5,079 3,029 68% (6
Slide 61: Securities balance sheet (1)
– (1) 12/31/09 12/31/08 +/- % 41,531 26,353 58% 1,330 3,551 -63% 16,447 10,070 63% - 4,057 1,701 139% 17,310 6,686 159% 2,387 4,345 -45% 6,425 6,212 3% 2,066 2,173 -5% 1,949 1,961 -1% 7 80 -91% 51,978 36,779 41% 61
Slide 62: Securities balance sheet (2)
– (2) 12/31/09 12/31/08 +/-% 28,923 13,898 108% 0 1,649 -100% 457 498 -8% 29,380 16,045 83% 13,969 13,969 0% 1,842 1,842 0% 6,910 4,938 40% (123) (15) 720% 22,598 20,734 9% 51,978 36,779 41% 62
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