Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q1 2015 Earnings Presentation
16 slides from Mizrahi Tefahot Bank's earnings presentation, Mar 31, 2015
Slide 1: Financial Statements March 2015
Financial Statements March 2015 Financial Statements 31 December 2008 1
Slide 2: Disclaimer
Disclaimer •This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company's presentation. The information contained in this document constitutes information from the bank's 2015 quarterly reports and/ or immediate reports, as well as the periodic, quarterly and ann
Slide 3: Current operations at record high, harmed by CPI and fair value effects
Current operations at record high, harmed by CPI and fair value effects* ** 206** 1,201 128* 244 Net profit Total revenues*** * See Report of the Board of Directors - Profit and profitability , Bank’s Q1 2015 financial reports ** Linkage differentials with respect to CPI position and Effect of accou
Slide 4: Total financing revenues from current operations
Total financing revenues from current operations 924 866 887 858 832 Q1/14* Q2/14* Q3/14* Q4/14* Q1/15 * For comparison, 2014 data is presented excluding the effect o application of FAS 91. For full details please see Report of the Board of Directors - Profit and profitability – Evolution of revenue
Slide 5: For the first time, equity is over 11 Billion NIS
For the first time, equity is over 11 Billions NIS Equity* (NIS, mil) 10,895 11,126 9,852 8,811 7,666 7,130 2010 2011 2012 2013 2014 Q1/15 The Board of Directors approved a dividend distribution amounting to NIS 36.6 million with respect to Bank profit in the first quarter, or 15% of net profit. * E
Slide 6: Total assets reached more than 200 Billion NIS
Total assets reached more than 200 Billion NIS Total Assets (NIS, mil) 198,645 201,096 179,613 162,242 150,246 133,304 2010 2011 2012 2013 2014 Q1/15 6
Slide 7: Loans to the public reached more than 150 Billion NIS
Loans to the public reached more than 150 Billion NIS Loans to the public, net (NIS, mil) 147,569 150,694 138,565 128,651 119,328 107,040 2010 2011 2012 2013 2014 Q1/15 7
Slide 8: Increased core banking activity
Increased core banking activity Operating segments Loans to the public, net NIS mil 31.3.15 31.3.14 change in % Mortgages 92,947 85,915 8.20% Households 20,872 19,225 8.60% Private banking 939 975 (3.70%) Small businesses 9,216 8,052 14.50% Commercial banking 4,419 4,499 (1.80%) Business banking 22,
Slide 9: Increased revenues
Increased revenues Total financing Commissions and other Operating segments revenues** revenues NIS mil NIS mil For the quarter ended 31.3.15 31.3.14 31.3.15 31.3.14 Mortgages 190 168 44 44 Households* 280 280 138 133 Private banking 15 14 18 14 Small businesses 128 123 63 55 Commercial banking 41 4
Slide 10: Financial results
oOo MIZRAHI TEFAHOT Financial results 10
Slide 11: Net profit - (NIS mil)
Net profit - (NIS mil) 304 311 268 244 218 Q1 Q2 Q3 Q4 Q1 2014 2015 11
Slide 12: Net profit - ROE - (NIS mil)
Net profit - ROE - (NIS mil) 11.3% 10.4% 9.2% Q1 - 2014 2014 Q1 - 2015 12
Slide 13: Financing Revenues
Financing Revenues Rate of Q1 / 2015 Q1 / 2014 change (%) Interest revenues, net 699 713 Non-interest financing revenues 125 81 Total financing revenues 824 794 3.8 Less: Linkage differentials with respect to CPI position (165) (59) Revenues from collection of interest on troubled debt 9 24 Gain fro
Slide 14: Operating commissions (NIS mil)
Operating commissions (NIS mil) 348 356 Q1 - 2014 Q1 - 2015 14
Slide 15: Cost/income Ratio
Cost/income Ratio 62.7% 63.9% 60.7% Q1 - 2014 2014 Q1 - 2015 * Cost / income ratio = non-interest expenses divided by total pre-provision revenues 15
Slide 16: Capital adequacy
Capital adequacy 12.97% 12.88% 12.72% Tier I 8.87% 9.12% 9.17% 31.3.2014 31.12.2014 31.3.2015 16