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  1. 1. <ul><ul><li>Banco de A. Edwards’ Financial Performance </li></ul></ul>
  2. 2. BANCO DE A. EDWARDS <ul><li>Roots date back to 1866. </li></ul><ul><li>NYSE IPO in 1995. </li></ul><ul><li>Resolution of subordinated debt in 1995. </li></ul><ul><li>Quiñenco S.A. purchased control in September 1999. </li></ul><ul><li>Capital enhancement of almost 50% in December 1999. </li></ul><ul><li>Banco Edwards embarked on a new stage </li></ul>(As of 31.03.00)
  3. 3. Loans (1) 874 3,715 3,746 3,982 20.0 % Deposits 830 2,828 2,784 2,971 16.3 % Net Income 16.6 35.6 (12.5) 7.9 -- Shareholders’ Equity 80.5 296.3 399.7 432.8 22.2% Market share (2) 4.7% 7.9% 7.7% 7.8% Market share 5.4% 7.3% 6.9% 6.8% (1) Net of interbank loans. (2) Based on unconsolidated figures. Banco Edwards’ main figures Dec. Dec. Dec. March Dec. ‘91-Dec.’99 USD millions ) (Consolidated Datta) 1991 1998 1999 2000 Avg. Ann. Growth Branches (Num.) 34 75 75 78 Employees (Num.) 1,542 2,540 2,626 2,712 BANCO DE A. EDWARDS
  4. 4. BANCO DE A. EDWARDS <ul><li>Loan & Revenue Allocation per Segment </li></ul>Outstanding Loans (1) (March 2000) Net Interest Revenue & Fee Income (March 2000) (1) Net of interbank loans. Note: Unconsolidated data. In accordance with Chilean GAAP. Source: Company information.
  5. 5. OPERATIONAL & MARKETS PERFORMANCE Penetration 25% of target market 7,700 new clients has at least since 1995 1 Banco Edwards product (47% increase) International mutual funds, debit cards, insurance, portfolio management. High Income Individuals Middle Market Companies Investment banking, financial advisory, real estate funds, insurance, factoring. New Products Efficiency
  6. 6. 5.3% 6.6% 4.7% Net Interest Margin (Interest Revenue/Avg. Interest Earning Assets) 5.7% 5.7% 5.7% 5.4% 4.9% 4.7% 1991 1992 1993 1994 1995 1996 1997 1998 1999 1Q99 1Q00 BANCO DE A. EDWARDS Profits Performance 5.3% 4.3%
  7. 7. BANCO DE A. EDWARDS Profits Performance 9.3 11.8 18.0 21.9 25.4 26.9 6.4 19% CAGR Fee Income (1) (USD Mill.) (1) Values in year end’ nominal dollars. 26.8 25.6 1991 1992 1993 1994 1995 1996 1997 1998 1999 1Q99 1Q00 6.1 6.2
  8. 8. 19.7 20.9 27.5 40.5 46.0 52.3 38.7 16.6 Net Income (1) (USD Mill.) (1) Income before charges for Subordinated Debt for the 1991-1994 period. Values in year end’ nominal dollars. -12.5 BANCO DE A. EDWARDS Profits Performance 1991 1992 1993 1994 1995 1996 1997 1998 1999 1Q99 1Q00 7.6 7.9
  9. 9. ROAA (1) (%) ROAE (1) (%) (1) Annualized. (1) Shareholders’ equity considers capital and reserves plus net income. Annualized. 1.4 1.4 1.3 1.3 1.5 1.3 27.6 28.6 28.0 27.2 29.9 18.6 1.3 18.3 13.0 0.8 -0.3 BANCO DE A. EDWARDS Profits Performance -4.2 1991 1992 993 1994 1995 1996 1997 1998 1999 1Q99 1Q00 1991 1992 993 1994 1995 1996 1997 1998 1999 1Q99 1Q00 0.6 0.6 9.6 7.5
  10. 10. 189% 355% 259% 157% 151 % 1.1% 1.1% 1.3% 1.1% 1.7% Consolidated Data. BANCO DE A. EDWARDS Credit Quality 0.44% 0.60% 1.12% 0.31% 0.80% Past Due Loans / Total Loans to Past Due to Total Loans Allowances 2.74% 133 % 3.7% 1994 1995 1996 1997 1998 . 1999 1Q00 1994 1995 1996 1997 1998 . 1999 1Q00 1994 1995 1996 1997 1998 . 1999 1Q00 3.34% 111 % 3.7%
  11. 11. Unconsolidated data BANCO DE A. EDWARDS Capital Ratios Total Capital to Risk-Adjusted Asse 9.3% 8.7% 12.5% 11.8% (Banking Law > 8.0%; AFP > 8.7%) Basic Capital to Risk-Adjusted Assets 7.3% 7.3% 11.2% 10.8% (AFP > 5.0%) Basic Capital to Total Assets 6.0% 6.0% 9.3% 8.8% (Banking Law > 3.0%; AFP > 5.0%) Dec. 97 Dec. 98 Dec. 99 March 00 Total Assets 4,281.2 4,692.2 4,429.4 4,820.3 Risk Adjusted Assets 3,531.5 3,859.0 3,665.2 3,932.1 Basic Capital (Tier I) ( Capital and Reserves) 257.5 283. 412.2 424.9 Tier II 72.8 52.1 47.1 40.5 a ) Subordinated Bonds 100.2 78.7 69.6 74.0 (b) Voluntary Allowances 0.7 0 0 0 (c) Investments in Subsidiaries (28.1) (26.6) (22.5) (33.5) Total Capital 330.3 335.1 459.3 465.4 (MM.USD.) Dec. 97 Dec. 98 Dec.99 March 00
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