Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — FY2011 Earnings Presentation
21 slides from Mizrahi Tefahot Bank's earnings presentation, Dec 31, 2011
Slide 1: Financial Statements 31 December 2011
Financial Statements Financial Statements 31 December 2011 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 has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed
Slide 3: Contents
Contents • Strategic Highlights • 2011 Financial Results 3
Slide 4: Higher ROE over time
Higher ROE* over time 14.6% 12.9% 13.1% 11.7% 11.4% 11.7% 10.4% 10.3% 10.5% 10.7% 8.8% 9.1% 9.2% 2005 2006 2007 2008 2009 2010 2011*** -1.9% טפחות UMTB מזרחי טפחות מזרחי The Banking בנקאית** ללא System** excluding מערכת UMTB * ROE excluding extraordinary items and provision for retiremen
Slide 5: Lower and stable provisions over time
Lower and stable provisions over time 0.81% 0.76% 0.72% 0.54% 0.44% 0.44% 0.45% 0.44% 0.39% 0.40% 0.30% 0.31% 0.28% 0.28% 2005 2006 2007 2008 2009 2010 2011* טפחות UMTB מזרחי,הפרשה ממוצע שיעורrate ofטפחות תAverage מזרחיthe provisions, ללאBanking מערכת בנקאית System,ממוצע הפרש
Slide 6: Human resources development over time
Human resources development over time Management positions Academic employees Distribution by age and seniority s yee ow lo l em p d be Highest rate of an % e 35 among banks ag of % ale s r fem nage ma Male Female * 76.4% including students Average seniority in years 6
Slide 7: Net operating profit by main operating segments (mil NIS)
Net operating profit by main operating segments (mil NIS) 26.0 % 161.6 % 81.6 % 40.0 % 27.8 % 65.6 % Mortgages Households Corporate Banking Small Businesses Commercial Banking Private Banking (excl. mortgages) 7
Slide 8: Contents
Contents • Strategic Highlights • 2011 Financial Results 8
Slide 9: Net profit - (NIS mil)
Net profit - (NIS mil) 0 . 3% 1,044 3 801 2010 2011 9
Slide 10: Net profit - (NIS mil)
Net profit - (NIS mil) 299 252 255 238 222 200 208 171 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2010 2011 10
Slide 11: Net profit – ROE - (NIS mil)
Net profit – ROE - (NIS mil) 14.6% (1) 11.8% 2010 2011 11
Slide 12: Net profit – ROE - (NIS mil)
Net profit – ROE - (NIS mil) 16.9% (1) 15.2% 14.9% 14.5% 12.8% 13.3% 12.4% 10.9% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2010 2011 12
Slide 13: Profit from financing operations (NIS mil)
Profit from financing operations (NIS mil) 2011 2010 Rate of change Current operations 3,067 2,638 16.3% Revenues from interest on problem loans 100 222 - Gain from realized debentures available 18 37 - for sale and debentures held for trade, net Exchange rate and linkage differentials 39 - - with r
Slide 14: Operating and other income (NIS mil)
Operating and other income (NIS mil) 1,337 1,343 31 19 -1 6 Operating commissions Other income Net loss from investment in securities 2010 2011 14
Slide 15: Operating and other expenses (NIS mil)
Operating and other expenses (NIS mil) 1,615 3.9% increase in operating and other expenses 1,529 585 608 452 444 Salaries Building & Equipment Others maintenance & depreciation 2010 2011 15
Slide 16: Cost/income ratio
Cost/income ratio 2010 2011 Cost Income Ratio 59.3% 57.9% 16
Slide 17: Loans to the public (NIS bil)
Loans to the public (NIS bil) 119.3 107.0 95.2 80.0 74.3 31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 17
Slide 18: Deposits from the public (NIS bil)
Deposits from the public (NIS bil) 119.2 106.0 95.0 91.8 73.3 31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 18
Slide 19: Provisions/loans to the public
Provisions/loans to the public 0.44% 0.44% 0.39% 0.31% 0.28% 2007 2008 2009 2010 2011 19
Slide 20: Capital adequacy – Basel II
Capital adequacy – Basel II 13.96% 13.40% Tier I 7.91% 7.77% 31.12.2010 31.12.2011 20
Slide 21: Equity (NIS bil)
Equity (NIS bil) 7.70 7.10 6.53 5.95 5.56 31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 21