Kvika Banki Hf · OMXICE:KVIKA
Kvika Banki Hf — 9M 2019 Earnings Presentation
11 slides from Kvika Banki Hf's earnings presentation, Nov 15, 2019
Slide 1: 9M 2019 Financial Results
Kvika 9M 2019 Financial Results 15 November 2019
Slide 2: Disclaimer
Disclaimer This presentation and the information contained therein has been prepared by Kvika banki hf. on a best knowledge basis. Any statements or assumptions are set forth by Kvika alone and not by any third party. The first and third quarter figures presented in this presentation are based on un
Slide 3: Highlights
Highlights ▪ Financial results Profit of ISK 1,913 million (pre-tax ISK 1,996 million) for 9M 2019 ▪ Gamma Increase of 36% year-on-year (pre-tax 38% year-on-year) ▪ Listing on FN – Listing on Nasdaq Main Market in 2019 ▪ Other.. Return on equity 20.3% Surpassing long term target of 15% Strong financ
Slide 4: Income statement / Q3
Income statement / Q3 Diversified income generation and expenses in line with expectations PRE-TAX PROFIT NET INTEREST INCOME NET FEE AND COMMISSION INCOME ISK m. ISK m. ISK m. Improved performance Q-o-Q despite NFC affected by revaluation of unrealised NII increasing as a result of a larger loan po
Slide 5: Income statement / 9M
Income statement / 9M Return on equity 20.3% during the period ▪ Profit for the period amounted to ISK 1,913 million, an increase of 36% year-on-year INCOME STATEMENT ISK m. 9M 2019 9M 2018 ▪ Corresponding to an annualised 20.3% return on equity Net interest income 1,326 1,234 ▪ Net interest income
Slide 6: Balance sheet
Balance sheet Composition relatively unchanged ▪ In total, liquid assets amount to ISK 61.3 billion or 54% of total assets and 105% ASSETS Cash and balances with Central Bank 30.09.2018 to 30.09.2019 ISK bn. of all deposits from customers Financial instruments – Cash and balances with the Central Ba
Slide 7: Balance sheet
Balance sheet Composition relatively unchanged ▪ Liquidity coverage ratio (LCR) 260% at end of September EQUITY & LIABILITIES 30.09.2018 to 30.09.2019 ISK bn. Debt issuance & borrowings ▪ Deposits to loans ratio remains high at 191% and provides cover from Deposits from customers fluctuations in who
Slide 8: Solid capital position
Solid capital position Capital adequacy ratio exceeds required capital buffers ▪ Capital adequacy ratio 22.9% at end of September (23.6% excluding unaudited (positive) retained earnings and expected dividends) – The regulatory requirement including additional capital buffer is 20.75% (as of 30 Septe
Slide 9: Performance ratios
Performance ratios Strategic focus results in high proportion of fees and commission income 1) 1) 2) NET OPERATING INCOME SPLIT COST INCOME RATIO CAD RATIO RETURN ON EQUITY (%) / 9M 2019 (%) / 9M 2019 (%) / 9M 2019 (%) / 9M 2019 Net fee and commission income of Kvika has reached a similar Robust per
Slide 10: Outlook for 2019
Outlook for 2019 Expected increase in profit before tax of 36% - 56% ▪ Profit before tax in 2018 amounted to ISK 1,795 million ▪ Taxable sources of income have increased during the year and it is ▪ The current earnings estimate is ISK 2,500 - 2,800 million before likely that more of the tax loss car
Slide 11: Slide 11