2013 First quarter results presentation

227 views

Published on

1 January-31 March 2013

• Net banking income increasing by 27,5% to 66,9 million Euro
• Net profit from financial activities increasing by 14% to 53,1 million Euro
• Cost/income ratio further improving, down to 26,5%
• Profit for the period increasing by 13,9% to over 22 million Euro
• Non-performing loans/total loans in the trade receivables sector: 3,5% compared to 4,3%
• Solvency: 12,9%
• Core Tier 1: 13,1 %​

The Board of Directors of Banca IFIS met today under the chairmanship of Sebastien von Furstenberg and has approved the results for the first quarter of 2013.
"2013 is positive for the whole Group against the backdrop of a recessionary economy. Lenders are leaving no stone unturned in enduring this situation and seeking growth, and we want to play an active role in this phase", says Giovanni Bossi, the CEO. "In keeping with the projects defined in 2012, this year we have already launched the new online current account and, a few days ago, the new IT system for the services to businesses. The Bank's new "nervous system" allows us to build a company that is more effective in addressing the needs of
businesses, households and individuals that rely on us every day. Smaller companies and the increasing debt burden of a growing number of households represent a challenge we have to overcome, with the aim of restoring confidence in Italy's economy".

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
227
On SlideShare
0
From Embeds
0
Number of Embeds
21
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

2013 First quarter results presentation

  1. 1. 1BANCA IFIS GROUP: 1Q 2013 RESULTS
  2. 2. 2HIGHLIGHTSNet profit 22,5 (19,7 in 1Q 2012) +13,9%Equity 332,3 (309 at 31/12/2012) +7,5%Funding 9.892,6 (7.676,3 at 31/12/2012) +28,9%GROUP KPIs 1Q 2013 1Q 2012Credit quality cost 3,4% 2,1%Cost/income ratio 26,5% 29,6%Solvency 12,9% 10,9%Core Tier 1 13,1% 11,1%Book value per share 6,28 4,91(million Euro)
  3. 3. 3Trade receivables sectorClients +19%Turnover 1,212 +7,5%Focus on SMEsTradereceivablesKPIs1Q20131Q2012Net BankingIncome/Turnover2,4% 2,0%NET BANKING INCOME66,9 (52,4 in 1Q 2012)+27,5% % change 1Q 2013 / 2012(million Euro)41%5%11%43%Breakdown NBI 1Q 2013G&STax Receiv.NPLTrade Receiv.Data 1Q TradeReceiv.NPLTaxReceiv.G&S2012 22,3 5,5 0,4 24,42013 28,7 7,4 3,1 27,6Change 6,4 1,9 2,7 3,3% Change 28,8% 35,5% 769,9% 13,5%
  4. 4. 4Net provisionsEqual to 13,7 VS 5,8 in 1Q 2012Group KPI 1Q 2013 1Q 2012Creditquality cost3,4% 2,1%NET RESULT OF FINANCIAL OPERATIONS(million Euro)53,1 (46,6 in 1Q 2012)+14,0% % change 1 Q 2013 / 20120,0%0,5%1,0%1,5%2,0%2,5%3,0%3,5%4,0%2009 2010 2011 2012 1Q2013Credit quality costData 1QTradeReceiv.NPLTaxreceiv.G&S2012 16,5 5,4 0,4 24,32013 15,4 6,6 3,5 27,6Change -1,1 1,2 3,1 3,3% Change -6,4% 22,4% 854,1% 13,5%
  5. 5. 513,717,722,513,0Group KPI1Q20131Q2012Credit quality cost 3,4% 2,10%Cost/income ratio 26,5% 29,6%Tax rate 36,6% 36,6%NET PROFIT(million Euro)22,5 (19,7 in 1Q 2012)+13,9% % change1Q 2013/201221%26%19%34%Breakdown Group NBI13,7 Provisions 17,7 Operating costs13 Taxes 22,5 Net profit66,9NBI Net provisions Operating costs Taxes Net Profit
  6. 6. 6BALANCE SHEET - ASSET STRUCTURE(million Euro). % change 31/03/2013 Vs 31/12/2012Total assets10.345,4Due from banks479,1 -12,2%Other Financial Assets (AFS + HTM + L&R)7.492,3 +45,8%Loans to customers2.188,8 -4,5%of which107,0 NPL91,7 TaxreceivablesPortfolio of Italiangovernment bonds7.436,672%21%5%2%Financial assets Due from clientsDue from banks Other assets
  7. 7. 7CREDIT QUALITY(million Euro) % change 31/03/2013 Vs 31/12/2012Loans to customers 2.188,8050100150200250300350400450NPL Substandard Rescheduled Overdue Total1051988904011152048113440Impaired Assets59,657%41,940%3,23%Trade recs NPL Tax recsNPL breakdown132,767%65,133%Trade recs NPLSubstandard loan breakdowm% NPLs/ total loans4,8% vs 5,0%% Substandard / total loans9,0% vs 8,9%% Impaired assets / total loans18,3% vs 19,2%% NPLs/ total trade receivables4,8% vs 5,0%% Substandard / total trade receivables9,0% vs 8,9%% Impaired assets / Trade receivables18,3% vs 19,2%
  8. 8. 8up to3 monthsfrom over3 to6 monthsfrom over6 monthsto1 yearfrom over1 year to2 yearsfrom over2 to5 yearsOver 5yearsTotalTotal 556,2 1.037,6 1.011,2 2.395,9 2.182,1 309,3 7.492,3% on total 7,5% 13,8% 13,5% 32,0% 29,1% 4,1% 100,0%Breakdown % Change31.12.2013 31.12.2012Available for sale financial assets 2.750,6 1.961,6 40,2%Held to maturity financial assets 4.710,6 3.120,4 51,0%Receivables due from banks - bonds 31,1 58,1 (46,5)%Financial assets held for trading - - n.s.Total 7.492,3 5.140,1 45,8%DEBT SECURITIES PORTFOLIO(million Euro) % change 31/03/2013 Vs 31/12/2012
  9. 9. 9rendimax on line deposit account3.560,4 +16,9%Total fundsand deposits9.892,6 +28,9%Wholesale funding601,0due to banks +7,8%BALANCE SHEET - FUNDING STRUCTURE(million Euro) % change 31/03/2013 Vs 31/12/2012Wholesale funding5.675,3 +40,5%Repurchase agreements with underlying government bondsand the Cassa di Compensazione e Garanzia ascounterparty36%64%RetailWholesale
  10. 10. 10BANCA IFIS GROUP: EQUITY BREAKDOWN(million Euro)EQUITY: CHANGESNet equity at 31.12.2012 309,0Increases: 27,7Profit for the period 22,5Valuation reserve: 5,2- Available for sale assets 5,2Decreases: (4,4)Valuation reserve: (0,8)- Exchange differences (0,8)Purchase of treasury shares (3,6)Net equity at 31.03.2013 332,3

×