2012 Financial Results
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2012 Financial Results

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2012, a record year for Banca IFIS's three pillars: Profitability, Liquidity, and Equity. A 0,37 Euro dividend per share proposed to the Shareholders' Meeting. ...

2012, a record year for Banca IFIS's three pillars: Profitability, Liquidity, and Equity. A 0,37 Euro dividend per share proposed to the Shareholders' Meeting.
“2012 saw Banca IFIS grow significantly in terms of size and as an organisation. Profits were excellent on the back of abundant liquidity supported by a growing and constantly adequate capital” said the Chairman, Sebastien von Furstenberg. “The year just ended will be remembered, above all, for what the Group planned and achieved, for the ideas and spot-on choices in the face of a deteriorating economy, and for the ability of its staff, who invested their energy, professional skills, ingenuity and willingness.”

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2012 Financial Results Presentation Transcript

  • 1. BANCA IFIS GROUP: 2012 RESULTS 1
  • 2. HIGHLIGHTS(million Euro) Net profit 78,1 (26,5 in 2011) +194,2% Equity 309,0 (196,3 in 2011) +57,4% Funding 7.676,3 (3.659,0 in 2011) +109,8% GROUP KPI 2012 2011 ROE 35,6% 12,6% Credit quality cost 3,0% 1,9% Cost/income ratio 27,9% 39,1% Solvency 12,7% 10,8% Core Tier 1 12,9% 11,2% Book value per share 5,77 3,72 EPS 1,46 0,51 2
  • 3. NET BANKING INCOME(million Euro) Trade receivables Clients +20% Turnover 4.941,5 +6,4% 244,9 (121,5 in 2011) Focus on SMEs Trade 2012 2011 +101,7% % change 2012 / 2011 receivables KPI Net Banking 2,3% 1,6% Income/Turnover * NPL 2011 from 7/1 Trade Tax NPL* G&S Receiv. Receiv. Breakdown NBI 2012 2011 73,8 8,6 2,7 36,3 2012 114,3 18,6 3,8 108,3 G&S 47% 44% Tax Receiv. Change 40,4 10,0 1,1 72,0 NPL % Change 54,8% 116,0% 39,7% 198,3% Trade Receiv. 8% 1%IV Q 2012 35,2 5,4 1,7 35,0% ChangeIV Q 12/11 47,7% 13,6% -17,2% 398,5% 3
  • 4. NET RESULT OF FINANCIAL OPERATIONS(million Euro) Net value adjustments Equal to 53,7 VS 32,1 in 2011 (4th quarter 26,2 in 2012 VS 13,2 191,2 (89,3 in 2011) in 2011) +114,0% % change 2012 / 2011 Group KPI 2012 2011 Credit quality 3,0% 1,9% cost Trade Tax * NPL 2011 from 7/1 NPL* G&S Receiv. receiv. 2011 43,3 8,0 1,7 36,3 Credit quality cost 2012 69,2 16,6 3,5 101,9 4% 3% Change 25,9 8,6 1,8 65,6 3% 2% % Change 59,7% 107,5% 108,0% 180,6% 2% 1%IV Q 2012 14,8 3,6 1,5 31,2 1% 0%% Change 2009 2010 2011 2012IV Q 12/11 27,1% -25,1% 52,9% 344,8% 4
  • 5. NET PROFIT(million Euro) Group KPI 2012 2011 78,1 (26,5 in 2011) Credit quality cost Cost/income ratio 3,0% 27,9% 1,9% 39,1% +194,2% % change 2012 / 2011 Tax rate 36,4% 36,6% 244,9 53,7 Trade Receiv. 2012 2011 KPI 68,4 NBI/Commitments 6,4% 4,8% Net value 44,7 adjustments/ 2,5% 2,0% Commitments 78,1 5
  • 6. BALANCE SHEET - ASSET STRUCTURE(million Euro) of whichLoans to customers 104,0 Total assets2.292,3 +33,1% NPL 83,2 Tax receivables 8.124,1 % change 2012 / 2011Assets available for sale (AFS + HTM + L&R) Portfolio of Italian 7% 2%5.140,1 securities held 28% 5.008,2 63%Due from banks545,5 +72,7% Assets available for sale % change 2012 / 2011 Due from customers Due from banks Other assets 6
  • 7. CREDIT QUALITY(million Euro)Loans to customers Discontinuity: since 1/1/2012 max 90 days (and2.292,3 +33,1% no longer 180 days) to define past-due loans % change 2012 / 2011 Deteriorated assets 440 Incidence of deteriorated 450 assets / net total receivables: 400 350 19,2% VS 16,1% (20,5% like for 300 like) 250 279 204 200 158 Incidence of NPL / net total 150 115 113 100 74 receivables: 42 50 4 8 5,0% VS 4,3% 0 NPL Substandard Rescheduled Overdue Total Incidence substandard / net total receivables: 8,9% vs 9,2% 31/12/2011 31/12/2012 7
  • 8. SECURITIES PORTFOLIO(million Euro) from over from over from over from over up to 3 to 6 months to 1 year to 2 to Total 3 months 6 months 1 year 2 years 5 years Total 204,4 553,6 1.068,6 1.902,4 1.411,2 5.140,1 % on total 4,0% 10,8% 20,8% 36,9% 27,5% 100,0% Composition 31.12.2012 31.12.2011 % Change Available for sale financial assets 1.961,5 1.670,9 17,4% Held to maturity financial assets 3.120,4 - n.a Receivables due from banks-bonds 58,1 110,8 -47,5% Financial assets held for trading - 0,2 n.s Total securities in portfolio 5.140,1 1.781,8 188,5% 8
  • 9. BALANCE SHEET - FUNDING STRUCTURE(million Euro)rendimax on line deposit account Total funds3.046,2 +95,8% and deposits % change 2012 / 2011 7.676,3 +109,8%Wholesale funding % change 2012/2011557,3 due to banks -72,2% % change 2012 / 2011Wholesale funding 40%4.039,3 PCT 60%Repurchase agreements with underlying government bonds Retailand the Cassa di Compensazione e Garanzia as Wholesalecounterparty 9
  • 10. BANCA IFIS GROUP: 2012 RESULTS(million Euro) EQUITY: CHANGES Net equity at 31.12.2011 196,3 Increases: 130,4 Profit for the period 78,1 Sale/issuance of treasury shares 7,7 Valuation reserve: 44,6 - Available for sale assets 42,2 - Exchange differences 2,4 Decreases: (17,7) Dividends distributed (13,4) Purchase of treasury shares (4,2) Net equity at 31.12.2012 309,0 10
  • 11. BANCA IFIS GROUP: SUMMARY• Considerable growth in the Bank.• All three of the Bank’s mainstays reinforced: profitability, liquidity, equity.• Excellent ability to react to economic deterioration.• Significant size of securities’ portfolio.• Optimum trends in the rendimax savings account. 11
  • 12. BANCA IFIS GROUP: PROSPECTS FOR 2013• Positive trends in operations with enterprises: aim – rapid growth as one of the five main players in Italy.• High level of attention on credit quality.• Ability to create profit thanks to the flexibility of the business model.• NPL sector: new tools, processes and research in order to find sustainable solutions for family businesses in debt. 12