This document provides an overview of BI&P's 4th quarter results presentation. It highlights that BI&P's expanded credit portfolio grew 2.6% quarter-over-quarter and 21% year-over-year to R$3.1 billion. The corporate segment represented 59.3% of the portfolio. Credit quality improved with 79.1% of the portfolio rated AA-B. Net profit was R$3.6 million in 4Q12, up 15.8% year-over-year. BI&P continued developing new product offerings and niche expertise in areas like agricultural bonds and corporate ecosystem services.
The document provides an overview of BI&P's 3rd quarter 2012 results. Key highlights include:
- Expanded credit portfolio grew 6.5% quarter-over-quarter to R$3 billion, with higher quality loans.
- Non-performing loans declined and coverage ratios increased.
- Revenue from services grew 40% year-over-year.
- Net profit increased 29% over the previous quarter to R$3.1 million.
- The bank continues improving portfolio quality while expanding in targeted industry niches.
The document provides an overview of a company's 4Q10 results presentation covering the following topics:
1) Credit growth in Brazil was driven by housing and auto loans, while corporate lending was stable. Default rates declined for individuals and were stable for corporations.
2) The company's loan portfolio grew 14.3% due to increases in local currency loans and trade finance. The portfolio is weighted towards upper middle market segments and diversified industries.
3) Funding remained primarily in local currency, with time deposits comprising the majority. Liquidity was maintained with free cash at 46% of deposits.
4) Financial results improved in 4Q10 and 2010, with higher revenues, stable expenses,
The document summarizes the bank's 3Q10 results presentation on its credit operations in Brazil. It discusses the following key points:
1) Total credit volume grew 14% year-over-year to R$1.61 trillion in 3Q10, with individual credit supported by payroll lending and real estate financing. Corporate credit saw growth in non-earmarked resources.
2) Default rates showed a steady decline for individuals to 4.7% and a small retreat for corporates to 3.5% in September 2010.
3) The bank's loan portfolio totaled R$1.42 billion in local currency loans, which maintained an 80% share. Trade finance grew 35.2%
The document discusses share capital, including ordinary shares, preference shares, and changes to share capital such as rights issues, share splits/consolidations, bonus issues, and share buybacks. It provides examples of how different types of shares are treated in the financial statements. Preference shares can be cumulative or non-cumulative, participating or non-participating, and redeemable or non-redeemable. Redeemable preference shares are recognized as a liability, while non-redeemable shares are recognized as equity. The examples show the journal entries for issuing and accounting for various types of shares over multiple years.
The Indian markets declined slightly led by stocks in the telecom, PSU and power sectors. The BSE Sensex fell 0.12% and Nifty50 fell 0.17%. Asian markets rose following strong gains overnight on the US markets. Domestically, foreign institutional investors were net buyers of Indian stocks while domestic institutions were net sellers. The Indian rupee weakened slightly against the US dollar, euro and pound.
The document provides highlights from BI&P's 1st quarter 2012 results presentation. Key points include:
- BI&P's credit portfolio grew 8.9% in the quarter and 38.4% over 12 months, reaching R$2.8 billion, with the corporate segment now representing 35% of the portfolio.
- Credit quality continued to improve, with loans rated AA to B increasing to 75.3% of the portfolio.
- The agricultural bonds portfolio grew 77.6% in the quarter to R$230 million, improving BI&P's funding mix.
- Net profit was R$5 million for the quarter, in line with management forecasts given leverage levels and increased loan
The document discusses financial instruments and related topics including definitions of financial assets and liabilities, types of financial risks, derivatives, compound financial instruments, categories of financial assets and liabilities, and disclosure requirements. It provides examples to illustrate concepts such as swaps, splitting compound instruments, and fair value measurement categories. The goal is to help students understand the important aspects of accounting for financial instruments under IFRS standards.
Chapter17 provisionsandpostbalancesheetevents2008Sajid Ali
This document provides an overview of IAS 37 - Provisions, Contingent Liabilities and Contingent Assets and IAS 10 - Events After the Reporting Period. It defines key terms like provisions, liabilities, contingent liabilities, contingent assets, onerous contracts, and restructuring. For provisions and liabilities to be recognized, there must be a present obligation from a past obligating event, it must be probable that an outflow of resources will be required, and the amount can be reliably estimated. Contingent liabilities are not recognized but may require disclosure. IAS 10 addresses adjusting and non-adjusting events that occur after the reporting period but before authorization of the financial statements.
The document provides an overview of BI&P's 3rd quarter 2012 results. Key highlights include:
- Expanded credit portfolio grew 6.5% quarter-over-quarter to R$3 billion, with higher quality loans.
- Non-performing loans declined and coverage ratios increased.
- Revenue from services grew 40% year-over-year.
- Net profit increased 29% over the previous quarter to R$3.1 million.
- The bank continues improving portfolio quality while expanding in targeted industry niches.
The document provides an overview of a company's 4Q10 results presentation covering the following topics:
1) Credit growth in Brazil was driven by housing and auto loans, while corporate lending was stable. Default rates declined for individuals and were stable for corporations.
2) The company's loan portfolio grew 14.3% due to increases in local currency loans and trade finance. The portfolio is weighted towards upper middle market segments and diversified industries.
3) Funding remained primarily in local currency, with time deposits comprising the majority. Liquidity was maintained with free cash at 46% of deposits.
4) Financial results improved in 4Q10 and 2010, with higher revenues, stable expenses,
The document summarizes the bank's 3Q10 results presentation on its credit operations in Brazil. It discusses the following key points:
1) Total credit volume grew 14% year-over-year to R$1.61 trillion in 3Q10, with individual credit supported by payroll lending and real estate financing. Corporate credit saw growth in non-earmarked resources.
2) Default rates showed a steady decline for individuals to 4.7% and a small retreat for corporates to 3.5% in September 2010.
3) The bank's loan portfolio totaled R$1.42 billion in local currency loans, which maintained an 80% share. Trade finance grew 35.2%
The document discusses share capital, including ordinary shares, preference shares, and changes to share capital such as rights issues, share splits/consolidations, bonus issues, and share buybacks. It provides examples of how different types of shares are treated in the financial statements. Preference shares can be cumulative or non-cumulative, participating or non-participating, and redeemable or non-redeemable. Redeemable preference shares are recognized as a liability, while non-redeemable shares are recognized as equity. The examples show the journal entries for issuing and accounting for various types of shares over multiple years.
The Indian markets declined slightly led by stocks in the telecom, PSU and power sectors. The BSE Sensex fell 0.12% and Nifty50 fell 0.17%. Asian markets rose following strong gains overnight on the US markets. Domestically, foreign institutional investors were net buyers of Indian stocks while domestic institutions were net sellers. The Indian rupee weakened slightly against the US dollar, euro and pound.
The document provides highlights from BI&P's 1st quarter 2012 results presentation. Key points include:
- BI&P's credit portfolio grew 8.9% in the quarter and 38.4% over 12 months, reaching R$2.8 billion, with the corporate segment now representing 35% of the portfolio.
- Credit quality continued to improve, with loans rated AA to B increasing to 75.3% of the portfolio.
- The agricultural bonds portfolio grew 77.6% in the quarter to R$230 million, improving BI&P's funding mix.
- Net profit was R$5 million for the quarter, in line with management forecasts given leverage levels and increased loan
The document discusses financial instruments and related topics including definitions of financial assets and liabilities, types of financial risks, derivatives, compound financial instruments, categories of financial assets and liabilities, and disclosure requirements. It provides examples to illustrate concepts such as swaps, splitting compound instruments, and fair value measurement categories. The goal is to help students understand the important aspects of accounting for financial instruments under IFRS standards.
Chapter17 provisionsandpostbalancesheetevents2008Sajid Ali
This document provides an overview of IAS 37 - Provisions, Contingent Liabilities and Contingent Assets and IAS 10 - Events After the Reporting Period. It defines key terms like provisions, liabilities, contingent liabilities, contingent assets, onerous contracts, and restructuring. For provisions and liabilities to be recognized, there must be a present obligation from a past obligating event, it must be probable that an outflow of resources will be required, and the amount can be reliably estimated. Contingent liabilities are not recognized but may require disclosure. IAS 10 addresses adjusting and non-adjusting events that occur after the reporting period but before authorization of the financial statements.
This document provides an overview of statement of cash flows under IFRS. It defines key terms like cash, cash equivalents and cash flows. It discusses the advantages and disadvantages of statement of cash flows. It explains the two methods for presenting cash flows - direct method and indirect method. It also discusses calculating cash flows by converting profits, accounting for non-cash items and changes in working capital. The document provides examples of calculating and disclosing cash flows under both direct and indirect methods.
This document provides an overview of forward exchange contracts and hedge accounting. It defines key terms like hedging, hedged item, and hedging instrument. It explains that a hedge aims to counterbalance risks from changes in exchange rates. A hedged item can be an asset, liability, firm commitment, or forecast transaction exposed to currency risk. The document outlines the accounting treatment for hedges, differentiating between cash flow and fair value hedges. Examples are provided to illustrate hedge accounting in pre-transaction and post-transaction periods.
This document discusses earnings per share (EPS), which is a ratio used to analyze a company's financial statements. It defines EPS as earnings divided by number of shares. There are two types of EPS - basic EPS uses actual shares, while diluted EPS considers additional shares from options/convertibles. The document outlines how to calculate EPS for different share types like ordinary shares, preference shares, participating vs. non-participating shares, and the treatment of share issuances, buybacks, and consolidations. EPS must be disclosed in the income statement, footnotes, and examples are provided.
The document summarizes the 1Q10 results of a Brazilian financial institution. Credit volume grew moderately year-over-year, with growth in individual lending supported by payroll loans and vehicle/real estate financing. The corporate loan portfolio remained steady. Default rates declined gradually. Funding increased through longer-term time deposits. Net income improved due to higher revenues and lower loan loss provisions, though expenses grew slightly. A brokerage subsidiary saw positive results from restructuring, with gains in market share and client base. Overall, the results showed a continued recovery in credit markets and profitability.
Chapter19 foreigncurrencytransactions2008Sajid Ali
The document discusses accounting for foreign currency transactions under IAS 21. It defines important terms like functional currency, foreign currency, exchange rate, and monetary/non-monetary items. For monetary items like receivables or payables, the item is initially recognized at the transaction date spot rate, and retranslated at each reporting date using the spot rate then. Differences between the initial and retranslation rates are recognized as exchange gains or losses in profit or loss. Non-monetary items like property, plant, and equipment are carried at historical cost and not retranslated. The document provides examples of applying these policies to various foreign currency transactions.
The document provides a market commentary and analysis for the Indian equity market and various companies for December 27, 2012. It summarizes that the two major Indian indices have risen 24% in the past year despite no significant improvement in fundamentals. It predicts the first half of 2013 will be bullish for the market. It also provides updates on company holdings, global market indices, sectoral indices, commodity prices, and other news headlines.
The key points from the document are:
1) Indian markets ended lower on Monday due to weakness in auto and IT stocks and concerns over debt issues in the US and Europe. The Sensex closed down 0.3% and the Nifty fell 0.25%.
2) Global markets also fell as concerns over solving debt crises in Europe and the US continued. The Dow fell 0.76% and the S&P 500 dropped 0.81%.
3) Brent crude oil declined 0.91% to $116.1 per barrel while gold rose 1.83% and silver increased 6.81% on the day.
Citigroup reported a net loss of $5.1 billion for the first quarter of 2008, compared to net income of $5 billion for the first quarter of 2007. Revenues declined 48% to $13.2 billion for the quarter. The global consumer business reported a net income of $1.4 billion, down 45% from the prior year, with the U.S. consumer business reporting net income of $279 million, down 84%. Markets and Banking reported a net loss of $5.7 billion for the quarter compared to net income of $2.7 billion in the prior year.
SEB reported strong results in the second quarter of 2012, with continued growth in income and efficiency. Net interest income grew due to increased lending and deposit volumes. Fees also increased due to growth in advisory and fund management services. Cost control led to improved operating leverage. Asset quality remained high, with low credit losses. The balance sheet was further strengthened in the quarter through capital generation and liquidity management. Going forward, SEB expects the economic recovery to proceed slowly, but aims to benefit from its strong franchise and customer-centric strategy.
The nature of sales in retail banking has changed dramatically. While there is a renewed pressure to grow accounts, the techniques banks have traditionally used to acquire new accounts have become less effective.
As consumer preferences continue to shift and non-traditional competitors continue to disrupt the market, the ROI of acquisition techniques like batch mail and branch cross-sell will continue to decline. In order to thrive, banks need to leverage the tremendous amount of data they have on each of their customers to drive more profitable and satisfying customer interactions across all of their channels.
This presentation will:
• Identify the market trends impacting banks’ growth strategies.
• Explore the role of marketing and risk analytics in making better acquisition decisions.
• Introduce best practices for implementing a more holistic approach to account acquisition.
The document summarizes a company's 2Q10 results conference call. It discusses the company's loan portfolio performance, including continued growth in consumer credit from payroll lending and vehicle/real estate financing. Corporate credit saw growth from BNDES earmarked resources. The default rate on consumer loans continued declining while stabilizing for corporate loans. The loan portfolio was diversified across industries with a focus on food/beverage, agribusiness, and heavy construction. Trade finance increased 33.5% year-over-year.
- Net income surged 59.1% YoY to RUB 1,787 million in 9M 2012 driven by strong growth across key metrics including assets, loans, and client funds.
- Credit quality remained stable with NPLs at 9.41% and provisions covering over 100% of overdue loans.
- While economic growth slowed, the company maintained a robust balance sheet with high liquidity and balanced currency and maturity structure.
- Net interest income was flat QoQ as interest income and expense growth offset each other, resulting in a slight NIM decline due to a higher asset base.
This document provides a disclaimer and forward-looking statements from Banesto and Santander regarding the presentation. It cautions that the presentation contains forward-looking statements that are based on knowledge at the time and may change. It also notes several risk factors that could adversely affect business performance. The remainder of the presentation summarizes Banesto's management priorities in response to the financial crisis, including strengthening its balance sheet by maintaining liquidity and capital ratios, reducing real estate risk, and maximizing profitability through margin and cost control. It provides data on the bank's liquidity, capital, asset quality, profitability, market share, and customer service ratings. The outlook section establishes profitability, asset quality, capital and liquid
Genworth MI Canada Inc. 2012 Investor Day Presentationgenworth_financial
The document provides an overview of Genworth MI Canada's Investor Day presentation on delivering value beyond mortgage insurance, outlining their market and strategy, sales approach, operations capabilities, and focus on providing a customer centric experience through collaboration with lenders. Genworth MI Canada aims to be a strategic growth partner for lenders by addressing their balance sheet needs, driving top line growth, and leveraging local expertise to outpace the competition.
- Ameriprise Financial's investment portfolio experienced increased unrealized losses during the third quarter of 2008 due to widespread spread widening across fixed income markets.
- The portfolio emphasizes high quality, diversified holdings including investment grade corporate bonds from industries like utilities and telecommunications as well as agency residential mortgage-backed securities.
- Total unrealized losses increased by $602 million in the third quarter, with the largest losses occurring in investment grade corporate bonds and state and municipal bonds.
Genworth MI Canada Inc. is a private mortgage insurer in Canada. It insures first-time home buyers, with average home prices about 20% lower than the market. The housing market is stabilizing with slowing home price growth and flat outlook. Genworth has a well-diversified insurance portfolio with high credit quality borrowers and regional dispersion tracking mortgage originations.
Citigroup reported its quarterly financial results. Total income from continuing operations increased 12% compared to the second quarter of 2002 to $4.3 billion. Revenues increased across most business segments, with Global Consumer up 18% and Global Corporate and Investment Bank up 2%. The Global Consumer segment saw strong growth in retail banking revenues of 63%. Total assets increased to $1.187 trillion in the second quarter of 2003, up from $1.083 trillion in the second quarter of 2002.
Citigroup reported financial results for the third quarter of 2007. Net income was $2.2 billion, down 60% from the third quarter of 2006. Total assets reached $2.36 trillion at the end of the quarter, up 35% year-over-year. However, key capital ratios such as Tier 1 capital and leverage declined compared to the prior year. Earnings per share from continuing operations were $0.44, down 58% from the previous year. While several business segments saw revenue declines, Global Consumer revenues remained strong, particularly in U.S. Cards.
The document provides several summaries of legal updates and informal guidance from SEBI on matters related to takeovers.
1) SEBI provided informal guidance in a case involving a trust set up by OCL India Limited. It determined that if the trust and trustees are independent of the promoter group and company management, they would not be considered persons acting in concert.
2) For a case involving Bharti Airtel acquiring shares via GDRs, SEBI clarified that disclosure is required but the open offer obligation only arises upon conversion to equity shares.
3) SEBI disposed of proceedings against acquirers in a case, accepting that they complied with regulation 12 of the takeover code in
Andrea Carolina Barragán Caballero es una estudiante de 14 años que vive con sus padres, Belsi Caballero y Aníbal Barragán, y sus dos hermanos, Mabel y Carlos Barragán. Ella también vive con sus tíos porque tuvieron un problema en Santander, donde vivían originalmente. Andrea tiene una buena amiga llamada Yessica Correa, un buen amigo llamado David Paez, y un novio llamado Alejandro Retamozo. Ella fue operada de la vista y tiene astigmatismo avanzado como secuela.
This document lists different types of carnivorous animals such as wolf, puma, cat, lion, and tiger. It describes these animals as wild or savage and notes that they eat meat and howl.
This document provides an overview of statement of cash flows under IFRS. It defines key terms like cash, cash equivalents and cash flows. It discusses the advantages and disadvantages of statement of cash flows. It explains the two methods for presenting cash flows - direct method and indirect method. It also discusses calculating cash flows by converting profits, accounting for non-cash items and changes in working capital. The document provides examples of calculating and disclosing cash flows under both direct and indirect methods.
This document provides an overview of forward exchange contracts and hedge accounting. It defines key terms like hedging, hedged item, and hedging instrument. It explains that a hedge aims to counterbalance risks from changes in exchange rates. A hedged item can be an asset, liability, firm commitment, or forecast transaction exposed to currency risk. The document outlines the accounting treatment for hedges, differentiating between cash flow and fair value hedges. Examples are provided to illustrate hedge accounting in pre-transaction and post-transaction periods.
This document discusses earnings per share (EPS), which is a ratio used to analyze a company's financial statements. It defines EPS as earnings divided by number of shares. There are two types of EPS - basic EPS uses actual shares, while diluted EPS considers additional shares from options/convertibles. The document outlines how to calculate EPS for different share types like ordinary shares, preference shares, participating vs. non-participating shares, and the treatment of share issuances, buybacks, and consolidations. EPS must be disclosed in the income statement, footnotes, and examples are provided.
The document summarizes the 1Q10 results of a Brazilian financial institution. Credit volume grew moderately year-over-year, with growth in individual lending supported by payroll loans and vehicle/real estate financing. The corporate loan portfolio remained steady. Default rates declined gradually. Funding increased through longer-term time deposits. Net income improved due to higher revenues and lower loan loss provisions, though expenses grew slightly. A brokerage subsidiary saw positive results from restructuring, with gains in market share and client base. Overall, the results showed a continued recovery in credit markets and profitability.
Chapter19 foreigncurrencytransactions2008Sajid Ali
The document discusses accounting for foreign currency transactions under IAS 21. It defines important terms like functional currency, foreign currency, exchange rate, and monetary/non-monetary items. For monetary items like receivables or payables, the item is initially recognized at the transaction date spot rate, and retranslated at each reporting date using the spot rate then. Differences between the initial and retranslation rates are recognized as exchange gains or losses in profit or loss. Non-monetary items like property, plant, and equipment are carried at historical cost and not retranslated. The document provides examples of applying these policies to various foreign currency transactions.
The document provides a market commentary and analysis for the Indian equity market and various companies for December 27, 2012. It summarizes that the two major Indian indices have risen 24% in the past year despite no significant improvement in fundamentals. It predicts the first half of 2013 will be bullish for the market. It also provides updates on company holdings, global market indices, sectoral indices, commodity prices, and other news headlines.
The key points from the document are:
1) Indian markets ended lower on Monday due to weakness in auto and IT stocks and concerns over debt issues in the US and Europe. The Sensex closed down 0.3% and the Nifty fell 0.25%.
2) Global markets also fell as concerns over solving debt crises in Europe and the US continued. The Dow fell 0.76% and the S&P 500 dropped 0.81%.
3) Brent crude oil declined 0.91% to $116.1 per barrel while gold rose 1.83% and silver increased 6.81% on the day.
Citigroup reported a net loss of $5.1 billion for the first quarter of 2008, compared to net income of $5 billion for the first quarter of 2007. Revenues declined 48% to $13.2 billion for the quarter. The global consumer business reported a net income of $1.4 billion, down 45% from the prior year, with the U.S. consumer business reporting net income of $279 million, down 84%. Markets and Banking reported a net loss of $5.7 billion for the quarter compared to net income of $2.7 billion in the prior year.
SEB reported strong results in the second quarter of 2012, with continued growth in income and efficiency. Net interest income grew due to increased lending and deposit volumes. Fees also increased due to growth in advisory and fund management services. Cost control led to improved operating leverage. Asset quality remained high, with low credit losses. The balance sheet was further strengthened in the quarter through capital generation and liquidity management. Going forward, SEB expects the economic recovery to proceed slowly, but aims to benefit from its strong franchise and customer-centric strategy.
The nature of sales in retail banking has changed dramatically. While there is a renewed pressure to grow accounts, the techniques banks have traditionally used to acquire new accounts have become less effective.
As consumer preferences continue to shift and non-traditional competitors continue to disrupt the market, the ROI of acquisition techniques like batch mail and branch cross-sell will continue to decline. In order to thrive, banks need to leverage the tremendous amount of data they have on each of their customers to drive more profitable and satisfying customer interactions across all of their channels.
This presentation will:
• Identify the market trends impacting banks’ growth strategies.
• Explore the role of marketing and risk analytics in making better acquisition decisions.
• Introduce best practices for implementing a more holistic approach to account acquisition.
The document summarizes a company's 2Q10 results conference call. It discusses the company's loan portfolio performance, including continued growth in consumer credit from payroll lending and vehicle/real estate financing. Corporate credit saw growth from BNDES earmarked resources. The default rate on consumer loans continued declining while stabilizing for corporate loans. The loan portfolio was diversified across industries with a focus on food/beverage, agribusiness, and heavy construction. Trade finance increased 33.5% year-over-year.
- Net income surged 59.1% YoY to RUB 1,787 million in 9M 2012 driven by strong growth across key metrics including assets, loans, and client funds.
- Credit quality remained stable with NPLs at 9.41% and provisions covering over 100% of overdue loans.
- While economic growth slowed, the company maintained a robust balance sheet with high liquidity and balanced currency and maturity structure.
- Net interest income was flat QoQ as interest income and expense growth offset each other, resulting in a slight NIM decline due to a higher asset base.
This document provides a disclaimer and forward-looking statements from Banesto and Santander regarding the presentation. It cautions that the presentation contains forward-looking statements that are based on knowledge at the time and may change. It also notes several risk factors that could adversely affect business performance. The remainder of the presentation summarizes Banesto's management priorities in response to the financial crisis, including strengthening its balance sheet by maintaining liquidity and capital ratios, reducing real estate risk, and maximizing profitability through margin and cost control. It provides data on the bank's liquidity, capital, asset quality, profitability, market share, and customer service ratings. The outlook section establishes profitability, asset quality, capital and liquid
Genworth MI Canada Inc. 2012 Investor Day Presentationgenworth_financial
The document provides an overview of Genworth MI Canada's Investor Day presentation on delivering value beyond mortgage insurance, outlining their market and strategy, sales approach, operations capabilities, and focus on providing a customer centric experience through collaboration with lenders. Genworth MI Canada aims to be a strategic growth partner for lenders by addressing their balance sheet needs, driving top line growth, and leveraging local expertise to outpace the competition.
- Ameriprise Financial's investment portfolio experienced increased unrealized losses during the third quarter of 2008 due to widespread spread widening across fixed income markets.
- The portfolio emphasizes high quality, diversified holdings including investment grade corporate bonds from industries like utilities and telecommunications as well as agency residential mortgage-backed securities.
- Total unrealized losses increased by $602 million in the third quarter, with the largest losses occurring in investment grade corporate bonds and state and municipal bonds.
Genworth MI Canada Inc. is a private mortgage insurer in Canada. It insures first-time home buyers, with average home prices about 20% lower than the market. The housing market is stabilizing with slowing home price growth and flat outlook. Genworth has a well-diversified insurance portfolio with high credit quality borrowers and regional dispersion tracking mortgage originations.
Citigroup reported its quarterly financial results. Total income from continuing operations increased 12% compared to the second quarter of 2002 to $4.3 billion. Revenues increased across most business segments, with Global Consumer up 18% and Global Corporate and Investment Bank up 2%. The Global Consumer segment saw strong growth in retail banking revenues of 63%. Total assets increased to $1.187 trillion in the second quarter of 2003, up from $1.083 trillion in the second quarter of 2002.
Citigroup reported financial results for the third quarter of 2007. Net income was $2.2 billion, down 60% from the third quarter of 2006. Total assets reached $2.36 trillion at the end of the quarter, up 35% year-over-year. However, key capital ratios such as Tier 1 capital and leverage declined compared to the prior year. Earnings per share from continuing operations were $0.44, down 58% from the previous year. While several business segments saw revenue declines, Global Consumer revenues remained strong, particularly in U.S. Cards.
The document provides several summaries of legal updates and informal guidance from SEBI on matters related to takeovers.
1) SEBI provided informal guidance in a case involving a trust set up by OCL India Limited. It determined that if the trust and trustees are independent of the promoter group and company management, they would not be considered persons acting in concert.
2) For a case involving Bharti Airtel acquiring shares via GDRs, SEBI clarified that disclosure is required but the open offer obligation only arises upon conversion to equity shares.
3) SEBI disposed of proceedings against acquirers in a case, accepting that they complied with regulation 12 of the takeover code in
Andrea Carolina Barragán Caballero es una estudiante de 14 años que vive con sus padres, Belsi Caballero y Aníbal Barragán, y sus dos hermanos, Mabel y Carlos Barragán. Ella también vive con sus tíos porque tuvieron un problema en Santander, donde vivían originalmente. Andrea tiene una buena amiga llamada Yessica Correa, un buen amigo llamado David Paez, y un novio llamado Alejandro Retamozo. Ella fue operada de la vista y tiene astigmatismo avanzado como secuela.
This document lists different types of carnivorous animals such as wolf, puma, cat, lion, and tiger. It describes these animals as wild or savage and notes that they eat meat and howl.
São Paulo, May 11, 2010 – Banco Indusval S.A., financial institution with activities focused on middle market enterprises lending, operating in the Brazilian market for over 40 years, listed at the Stock, Commodities and Futures Exchange - BM&FBOVESPA under tickers IDVL3 and IDVL4, announces its financial results for the first quarter 2010 (1Q10).
BI&P held its annual public meeting with analysts and investors on August 28, 2012. The presentation provided an overview of the company including its profile, capital structure, branch network, strategy, the credit market environment in Brazil, and its financial performance. BI&P aims to grow based on quality assets and recurring income by focusing on customers, products, and its people. It sees continued credit growth in Brazil of 17-20% and is prioritizing quality short term loans and fee income businesses.
Banco Indusval reported financial results for 2Q10 and 1H10. Credit portfolio growth was moderate at 2.5% in the quarter, and default rates fell due to economic recovery. Net profit was R$8.3 million in 2Q10, up 13.7% from last quarter. Management comments indicated initiatives to improve products and services should have medium-term benefits, while credit to mid-sized companies grew and default rates declined.
The document discusses the results of a Brazilian financial institution for the second quarter of 2012. Some key points:
- The credit quality of the loan portfolio improved, with the share of AA and B rated loans rising to 79% from 65% the previous year. The corporate segment now represents 47% of the expanded credit portfolio.
- The loan portfolio grew just 1.7% in the quarter and 33.1% over 12 months, totaling R$2.8 billion, due to a more conservative approach in the current macroeconomic environment.
- Continuous improvement in credit quality with overdue loans over 90 days falling to 2.6% and coverage of provisions at 175.7%. The institution was
- The credit portfolio grew 8.9% in 1Q12 and 38.4% over 12 months, reaching R$2.8 billion. The corporate segment now represents 35% of the credit portfolio, up from 28% at the end of 2011.
- Credit quality improved, with loans rated AA to B increasing to 75.3% of the portfolio in 1Q12 from 69.9% in 4Q11.
- Net profit was R$5.0 million in 1Q12 compared to a R$54.5 million loss in 1Q11, though below potential due to high allowance for loan losses from pre-2011 loans.
São Paulo, May 11, 2011 – Banco Indusval S.A., financial institution focused on corporate lending, operating in the Brazilian market for over 40 years, listed at the Stock, Commodities and Futures Exchange - BM&FBOVESPA under tickers IDVL3 and IDVL4, announces its financial results for the first quarter of 2011 (1Q11).
The document summarizes BI&P's results for the second quarter of 2014. Key highlights include:
- The expanded credit portfolio totaled R$3.9 billion, remaining stable in the quarter but up 21.4% from June 2013. Loans rated AA-B corresponded to 91% of the portfolio.
- Income from services and tariffs totaled R$15.7 million in 2Q14, up 42.3% from the previous quarter. Investment banking now accounts for 50% of this revenue.
- The quarterly result was R$1.1 million, impacted by non-cash accounting effects and investments in new business areas not yet at scale.
- Credit quality remained high,
Banco BI&P announced its merger with Banco Intercap S.A. to expand its capital base and strengthen its controlling group. The expanded credit portfolio grew 5.9% in the quarter to R$3.2 billion, with 85.1% rated AA-B. Revenues from credit operations increased 14% to R$69.3 million, while income from services rose 33.9% to R$8.6 million. However, the bank reported a negative R$20.6 million result due to losses from high market volatility and discontinuing hedge accounting. The merger with Banco Intercap, if approved, would increase the capital adequacy ratio to 16%.
The document summarizes Banco Indusval & Partners' 1Q11 results presentation. Key points include:
- The bank raised an additional R$201 million in equity capital from new partners including Warburg Pincus.
- A new management team with extensive experience was brought in to lead the bank into a new strategic focus on corporate lending and Brazil's domestic bond market.
- The bank's total credit portfolio grew 12.4% to R$1.97 billion in 1Q11, with 80% in local currency loans.
- Total funding increased 19.5% to R$2.25 billion in 1Q11, with 84% in local currency and longer term time deposits comprising 78% of
The document provides highlights from BI&P's 4Q11 results presentation. It summarizes that BI&P's loan portfolio grew 13% in 4Q11 and 31% in 2011, with corporate loans increasing 47% in the quarter and 150% for the year. Net profit increased 41% in the quarter through higher net interest margins and improved profitability ratios. The document also notes that BI&P is in the final stages of migrating to a higher-level corporate governance segment of the stock exchange.
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1) The document summarizes Banco BI&P's restructuring over the past two years under new management, including renewing 80% of its sales team, repositioning its target market, reconstructing its credit portfolio, and expanding its product offerings.
2) It announces completing a capital increase of up to R$92 million to strengthen its capital base and concludes its restructuring with the acquisition of an investment banking team.
3) Management discusses taking additional loan loss provisions of R$126.5 million in 1Q13 to strengthen reserves against loans originated before 2011 and eliminate potential future problems, resulting in a R$91.4 million 1Q13 loss but improved coverage of lower quality loans.
Este documento define ciencia, técnica y tecnología, y explica su relación. También describe las tecnologías de la información y la comunicación (TIC) y las tecnologías del aprendizaje y el conocimiento. Explica conceptos como procesadores de texto, multimedia, software educativo, invención e innovación. Finalmente, discute las posibilidades educativas de la tecnología y la importancia de usarla de manera adecuada.
- The credit portfolio grew 2.6% in 4Q12 and 21.1% in 2012, with 99% of new loans rated between AA and B.
- Non-performing loans over 60 days fell to 1.5% in 4Q12 from 3.0% in 3Q12 and 5.0% in 4Q11.
- Net profit was R$3.6 million in 4Q12 and R$14.2 million for 2012, up 15.8% and 144.8% respectively.
This document provides a summary of Banco BI&P's 2Q13 results presentation. Some key highlights include:
- In May, BI&P concluded the acquisition of Voga investment bank and integrated the team. In June, it announced a merger with Banco Intercap.
- The credit portfolio expanded 5.9% in the quarter to R$3.2 billion, with 47.6% in the emerging companies segment and 51.4% in corporate.
- Loans rated AA to B reached 85.1% of the portfolio, up from 81.3% last quarter. New loans granted were 98.2% in this range.
- Income from services grew 33.9
The document provides an overview of BI&P's 2Q11 results presentation. It begins with standard disclaimer language about forward-looking statements and risk factors. The presentation then discusses BI&P's new strategic direction after a capital increase and partnership with new investors. Key points include expanded credit portfolio, stable funding sources, adequate capital and liquidity levels, and profit impacted by loan loss provisions and conservative liquidity strategies.
This document provides a summary of BI&P's results for the 2nd quarter of 2012. Key highlights include:
- Loan portfolio grew 1.7% in the quarter and 33.1% over 12 months, reaching R$2.8 billion, with continued focus on corporate clients.
- Credit quality improved, with higher rated loans increasing to 79% of the portfolio. Non-performing loans fell to 2.6% of the portfolio.
- Net interest margin increased to 5.3% and efficiency ratio improved to 65.1%, though net profits were still impacted by legacy loans.
- Capital and liquidity remained strong with a Tier 1 Basel ratio of 17% and leverage of 4.
The document discusses Non-Performing Assets (NPAs) in the Indian banking sector. It defines an NPA as an asset that ceases to generate income for the bank. It provides data showing that public sector banks had the highest NPA ratio in FY2010 at 2.27%, while foreign banks had the lowest at 4.26%. The criteria for classifying different types of loans as NPAs, including term loans, cash credits, project loans and more, are explained in detail. NPAs are further classified as substandard, doubtful or loss assets based on the period of delinquency. Banks are required to make provisions against NPAs as per RBI guidelines.
- Global Wealth & Investment Management (GWIM) is a large and profitable division of Bank of America serving both affluent and wealthy clients.
- GWIM has significant growth opportunities by leveraging its large customer base and integrated business lines to increase cross-selling between products.
- Premier Banking & Investments focuses on the mass affluent market and has experienced strong growth and profitability by providing dedicated client managers and deepening relationships through additional product sales.
This document discusses opportunities for growth at Bank of America's Global Wealth & Investment Management division. It notes that GWIM has strong momentum and returns, with solid client relationships. GWIM has a large existing client base and market presence that it can leverage for further growth. The document outlines strategies for growing different client segments, including expanding retirement capabilities and integrating the recently acquired U.S. Trust business. It highlights opportunities in areas like wealth structuring, alternatives, and international investments to better serve high-net-worth clients. Partnerships across Bank of America businesses will also help drive referrals and new opportunities.
The document summarizes BI&P's 3Q11 results presentation. Key points include:
- BI&P has laid the foundation for its new strategy with a new vision, management team, and strategic plans focused on results and credit quality.
- Net profit increased 45% in the quarter with improvements in net margin, efficiency ratio, and returns.
- The credit portfolio grew 6.6% in the quarter focused on quality corporate clients, with corporate loans growing 35%.
- 70% of loans mature within 360 days and credit quality remains stable with most loans rated A or better and strong collateral coverage.
Citigroup reported financial results for the second quarter of 2007. Net income increased 18% year-over-year to $6.226 billion. Revenue grew across most business segments, led by a 64% increase in Markets & Banking revenue. Income from continuing operations rose 18% to $11.238 billion for the first half of the year. However, capital ratios declined slightly due to asset growth outpacing capital increases. Overall, Citigroup achieved strong revenue growth and higher profits compared to the previous year.
Brian Moynihan, president of Bank of America's Global Corporate and Investment Banking division, presented at the Lehman Brothers Financial Services Conference on September 10, 2008. He summarized the bank's second quarter results, noting solid performance across business segments but challenges from illiquid capital market positions and a softening economic environment. He also discussed ongoing restructuring efforts, trends in commercial and real estate asset quality, and strategies to invest in growth areas while managing expenses.
Global Corporate and Investment Banking President Gene Taylor presented on the division's strategy for growth between 2006-2011. The goals are to increase revenues by $10 billion and earnings by $3 billion through deepening client relationships, increasing market share internationally, and strategically deploying capital. Global Investment Banking Head Brian Brille then discussed the strategic themes of integrated delivery of Bank of America's capabilities, capturing largest fee pool opportunities including becoming a top 3 investment bank in the US, and growing the international presence including becoming a top 10 investment bank in Europe.
The presentation provides an overview of LPS Brasil's operational and financial results for the second quarter of 2011, highlighting record contracted sales of R$5 billion, net revenue of R$127 million (up 59% year-over-year), and net income of R$39.7 million. CrediPronto also achieved strong growth in mortgage originations and financed volume.
1) The document discusses Bank of America's enterprise risk management strategies and capabilities. It highlights how the bank manages various types of risk, including credit, market, and operational risk across its consumer and commercial businesses.
2) Key strengths that help the bank manage risk include its breadth of client access, industry insights, and integrated risk management structure.
3) The bank has improved its risk profile by rebalancing its commercial credit portfolio and enhancing risk monitoring tools.
Bank of America reported first quarter 2005 results with key highlights including a 21% increase in diluted EPS compared to fourth quarter 2004. Revenue was up 2% from the previous quarter driven by strength in trading and mortgage banking offsetting seasonal declines in consumer business. Credit quality continued to improve across both consumer and commercial portfolios although credit card losses rose due to portfolio growth and minimum payment changes. Overall, the results demonstrated continued momentum in the company's consumer and commercial businesses.
Citigroup reported financial results for the first quarter of 2007, with the following highlights:
- Net income decreased 11% to $5.012 billion compared to $5.639 billion in the first quarter of 2006.
- Revenues increased 15% to $25.459 billion from $22.183 billion, driven by growth in Markets & Banking and Global Consumer segments.
- Markets & Banking revenues increased 23% to $8.957 billion, while Global Consumer revenues grew 10% to $13.106 billion.
- Results were impacted by a $871 million after-tax restructuring charge related to expense reduction initiatives.
The document provides an overview of Bank of America's Global Corporate & Investment Banking division, including:
1) It combines the Global Business & Financial Services and Global Capital Markets & Investment Banking businesses.
2) For the first half of 2005, the combined business generated $10.2 billion in revenue.
3) The division aims to better serve clients through an integrated operating model and cross-selling opportunities across BofA.
BancorpSouth, Inc. reported financial results for the first quarter of 2012. Some key highlights included net income of $22.9 million, continued improvement in credit quality indicators, and stable net interest margin of 3.66%. Capital levels also improved from the prior periods. The company noted initiatives to integrate specialty lending lines of business and reorganize geographically from 10 to 4 regions.
Paraná Banco reported financial results for the second quarter of 2009. Net income increased 33.3% compared to the second quarter of 2008 and 66.7% compared to the first quarter of 2009. The loan portfolio grew 4.7% over the first quarter, while deposits increased 6.5%. Insurance operations contributed 32.4% of consolidated net income for the quarter. The efficiency ratio improved to 48.8% and the net interest margin rose to 15.4%.
The document summarizes the key highlights from BR Properties' 2Q12 earnings release presentation. It notes that revenues increased 93% year-over-year due to properties merged from One Properties. Adjusted EBITDA grew 90% and net income was impacted by gains on investment property appraisals. The portfolio market value reached over R$12 billion and several properties were acquired, leased, and sold during the quarter. Non-income producing properties were highlighted that could generate over R$437 million in potential annual revenue once delivered and leased.
- Credit Suisse Group reported net income of CHF 1,351 million for Q3 2004, down from CHF 1,457 million in Q2 2004. For the first nine months of 2004, net income was CHF 4,669 million.
- Most banking segments saw lower client activity and revenues due to geopolitical uncertainties and higher energy prices. Private Banking, Corporate & Retail Banking, and Wealth & Asset Management saw lower net incomes compared to Q2 2004.
- Winterthur and the insurance segments reported continued good progress towards profitability, with Life & Pensions and Non-Life seeing higher net incomes compared to the same period last year.
This document summarizes the Bank's third quarter 2012 investor presentation. Key points include:
- Net income of $2.05 billion for Q3 2012, up 9.1% year-over-year, with revenue growth of 9.2% excluding special items.
- All business lines saw net income and revenue growth compared to Q3 2011.
- Capital position remains strong and the Bank is confident of achieving 2012 financial targets.
- Earnings benefited from acquisitions, trading revenues and lower taxes, partly offset by higher provisions and lower fees.
- Record quarterly revenue of $5.59 billion, up 11% excluding special items, driven by net interest income growth and acquisitions.
1) O banco apresentou redução de 6,8% na carteira de crédito expandida no trimestre devido à política de crédito mais conservadora diante do cenário macroeconômico. 2) A Guide Investimentos anunciou uma importante parceria que deve elevar os ativos sob gestão para R$4 bilhões. 3) O resultado líquido foi negativo em R$6,7 milhões no trimestre, impactado pela necessidade de ganhos de escala e pela contribuição ainda negativa da Guide.
This document provides highlights from BI&P's 1Q 2015 results presentation. Key points include:
- The expanded credit portfolio totaled R$3.9 billion, down 6.8% from the previous quarter due to a more conservative lending policy.
- Funding totaled R$4.1 billion, down 7.2% from the previous quarter.
- Net income was a loss of R$6.7 million, up from a R$5.1 million loss in 1Q 2014. Expenses continue to be controlled while the bank works to achieve economies of scale.
This presentation summarizes BI&P's results for the fourth quarter of 2014. Some key highlights include:
- The expanded credit portfolio totaled R$4.1 billion, growing 3.6% in the quarter and 6.9% year-over-year.
- Loans originated in 4Q14 totaled R$1.4 billion. Nearly all new loans were rated between AA and B.
- Funding totaled R$4.4 billion, up 4.8% in the quarter and 12.6% year-over-year through diversification.
- Income from fees was R$14 million in 4Q14 and R$56 million in 2014, up 94.4%
O documento resume os resultados do 4T14 do banco. Destaca o crescimento da carteira de crédito, a diversificação da captação e a melhoria da qualidade do crédito. Apresenta também as parcerias estratégicas firmadas e os investimentos em tecnologia que permitiram redução de custos. O resultado líquido do trimestre foi positivo, porém abaixo do potencial do banco.
BI&P Banco reported its 4th quarter 2014 earnings. Key highlights include:
- Expanded credit portfolio totaled R$4.1 billion, up 3.6% in the quarter and 6.9% year-over-year.
- Funding totaled R$4.4 billion, increasing 4.8% in the quarter and 12.6% year-over-year.
- Income from services rendered and tariffs was R$14.0 million in 4Q14 and R$56.0 million in 2014, up 94.4% from 2013 mainly from investment banking revenues.
- Guide Investimentos, the bank's investment arm, had assets under management of R$
O BI&P divulgou seus resultados do 4o trimestre de 2014. Sua carteira de crédito expandida totalizou R$4,1 bilhões, um incremento de 3,6% no trimestre. A captação totalizou R$4,4 bilhões, um aumento de 4,8% no trimestre. As receitas de prestação de serviços e tarifas somaram R$14 milhões no trimestre, um aumento de 94,4% em relação a 2013 devido às receitas de investment banking. A Guide Investimentos tem R$1,9 bilhão em
This document provides a summary of BI&P's results for the third quarter of 2014. Some key highlights include:
- The expanded credit portfolio totaled R$4.0 billion, a 1.8% increase over the quarter and 19% increase over September 2013.
- 99% of new loans in the quarter were rated between AA and B, reflecting a focus on credit quality.
- Fee income from investment banking operations totaled R$5.4 million in the quarter.
- The quarterly result was R$1.7 million, though full revenue potential has not yet been achieved due to the need for scale and a negative contribution from the investment branch.
O documento resume os resultados do terceiro trimestre de 2014 de um banco brasileiro. Destaca o crescimento da carteira de crédito em 1,8% no trimestre e 19% em um ano, com foco em ativos de alta qualidade. Também ressalta o aumento das receitas de tarifas, principalmente de investment banking, e o controle de custos.
BI&P is a commercial bank in Brazil with over 45 years of experience. In the third quarter of 2014:
- The expanded credit portfolio totaled R$4.0 billion, up 1.8% in the quarter and 19.0% year-over-year.
- Funding totaled R$4.2 billion, up 1.2% in the quarter and 35.8% year-over-year.
- Income from services rendered and tariffs totaled R$15.3 million in 3Q14 and R$42.1 million in 9M14, growing 79.2% and 101.7% from the same periods in 2013, mainly driven by revenue
Carteira de Crédito Expandida somou R$4,0 bi, incremento de 1,8% no trimestre e 19,0% em 12 meses. Captação totalizou R$4,2 bi, aumento de 1,2% no trimestre e 35,8% em 12 meses. Receitas de Prestação de Serviços e Tarifas somaram R$15,3 mm no 3T14 e R$42,1 mm nos 9M14, incrementos de 79,2% e 101,7% em relação aos mesmos períodos de 2013, em especial devido às receitas da ativ
Este documento fornece um resumo dos resultados do segundo trimestre de 2014 de um banco brasileiro. A carteira de crédito totalizou R$3,9 bilhões, estável no trimestre, mas cresceu 21,4% em um ano. As despesas com provisões para devedores duvidosos gerenciais foram de 0,66% da carteira de crédito, refletindo a qualidade dos empréstimos. As receitas de tarifas e serviços aumentaram 42,3% no trimestre.
The document provides an earnings release for Banco Indusval & Partners (BI&P) for the second quarter of 2014. Some key highlights include:
- The expanded credit portfolio totaled R$3.9 billion, remaining stable in the quarter but up 21.4% year-over-year.
- Income from services rendered and tariffs totaled R$15.7 million in 2Q14, up 42% quarter-over-quarter and 120.8% year-over-year.
- The managerial expense with allowance for loan losses was 0.66% of the expanded credit portfolio in 2Q14, underscoring the quality of the loan portfolio.
Carteira de Crédito Expandida totalizou R$3,9 bilhões, estável no trimestre mas com crescimento de 21,4% em um ano. Receitas de Prestação de Serviços e Tarifas somaram R$15,7 milhões no trimestre, um aumento de 42,3% no trimestre e 117% em relação ao mesmo período do ano anterior. A Despesa de PDD Gerencial foi de 0,66% da carteira de crédito expandida, indicando a qualidade da carteira de crédito.
Banco BI&P acquired Voga Empreendimentos e Participações Ltda. in 2013 to strengthen its investment banking activities. Voga had experience advising clients on over 50 transactions totaling R$5 billion. The acquisition allows BI&P to expand complex financial services and originate, structure, and distribute fixed income products and financing for acquisitions and asset sales. Services now offered through BI&P leverage the partners' expertise in areas like mergers and acquisitions, capital raising, debt restructuring, and initial public offerings.
O relatório descreve a história, estrutura e estratégias do Banco BI&P. Em 2013, o banco concluiu sua reestruturação estratégica iniciada em 2011, adquiriu novas empresas, lançou projetos de transformação e continuou a crescer de forma sustentável.
The document summarizes BI&P's results for the first quarter of 2014. Key highlights include:
- Expanded credit portfolio grew 1.5% in the quarter and 28.8% year-over-year to R$3.9 billion.
- 99% of new loans in the quarter were rated between AA and B, reflecting a focus on higher quality assets.
- Income from services increased 29.7% over the previous quarter and 94.1% year-over-year.
- The quarterly result was a loss of R$9.9 million mainly due to discontinuing hedge accounting and investments not yet achieving scale from credit portfolio growth.
O documento apresenta os resultados do 1T14 do Banco BI&P, destacando: (1) o crescimento de 1,5% da carteira de crédito no trimestre e 28,8% em 12 meses; (2) a qualidade da carteira, com 90% dos créditos classificados entre AA e B; (3) o prejuízo de R$9,9 milhões no trimestre, impactado pela descontinuidade da designação de hedge accounting e investimentos ainda não no ponto de equilíbrio.
Banco BI&P reported financial results for the first quarter of 2014. While the expanded credit portfolio grew 1.5% over the quarter and 28.8% over the prior year, the quarterly result was a loss of R$9.9 million due to the discontinuation of hedge accounting and investments made during restructuring that have not yet reached scale. Income from services increased 29.7% over the previous quarter and 94.1% over the prior year. The allowance for loan losses was 1.10% of the expanded credit portfolio, in line with the bank's conservative lending policy.
Carteira de Crédito Expandida somou R$3,9 bilhões, com crescimento de 1,5% no trimestre e 28,8% em relação a março de 2013. Receitas de Prestação de Serviços e Tarifas somaram R$12,9 milhões no trimestre, apresentando crescimento de 29,7% no trimestre e 94% em doze meses. Resultado do trimestre foi negativo em R$9,9 milhões, especialmente impactado pelo efeito da descontinuidade da designação de hedge accounting e pelo fato dos investimentos realizados
Clients New Credit Policy
Clients New Credit Policy
This document provides an overview of Banco BI&P's results for the fourth quarter of 2013. Some key points:
1) BI&P concluded the second phase of its strategic restructuring program launched in 2011 through joint ventures, acquisitions, and a capital increase.
2) The expanded credit portfolio grew 26.1% year-over-year to R$3.9 billion, with higher quality assets rated AA to B comprising 87.1% of the portfolio.
3) A loss of R$10 million was reported for the quarter due to a more conservative lending approach and additional loan loss provisions related to prior loans
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MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
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2. Disclaimer
This presentation may contain references and statements representing future expectations,
plans of growth and future strategies of BI&P. These references and statements are based on
the Bank’s assumptions and analysis and reflect the management’s beliefs, according to
their experience, to the economic environment and to predictable market conditions.
As there may be various factors out of the Bank’s control, there may be significant
differences between the real results and the expectations and declarations herewith
eventually anticipated. Those risks and uncertainties include, but are not limited to our
ability to perceive the dimension of the Brazilian and global economic aspect, banking
development, financial market conditions, competitive, government and technological
aspects that may influence both the operations of BI&P as the market and its products.
Therefore, we recommend the reading of the documents and financial statements available
at the CVM website (www.cvm.gov.br) and at our Investor Relations page in the internet
(www.bip.b.br/ir) and the making of your own appraisal.
2
3. Highlights
Expanded Credit Portfolio came to R$3.1 billion (+2.6% QoQ and +21.0% YoY), with R$728
million new loans granted in the period (11% above 4Q11).
The Corporate segment reached 59.3% of the Expanded Credit Portfolio. We have maintained
the tactics of originating higher quality assets with shorter term in order to resume origination
of higher spread assets in a more favorable macro scenario, expect for 2013.
Continuous improvement in the quality of the Credit Portfolio: the share of credits rated from
AA to B increased to 79.1% of the Expanded Credit Portfolio at the end of 2012 (69.9% at the
end of 2011); 99.2% of the new loans granted in the quarter were rated between AA and B.
Reduction in past due loans above 60 days to 1.5% by the end of 2012 (-1.5 p.p. QoQ and 3.5
p.p. YoY)
Revenues from Services climbed R$26.4 million in 2012, +32.3% YoY.
Net Profit totaled R$3.6 million in 4Q12 (+15.8%) e R$14.2 million in the year.
Association with Lifegrain Holding de Participações Ltda, company of the Ceagro Agrícola Ltda,
through the creation of the joint venture C&BI Agro Partners. In February 2013, we signed the
Purchase and Sale Commitment to acquire Voga Empreendimentos e Participações Ltda.
3
4. Expanded Credit Portfolio
Growth still driven by shorter term assets given the macroeconomic
environment...
2,991 3,068
2,759 2,807
2,534
R$ million
4Q11 1Q12 2Q12 3Q12 4Q12
Loans and Financing in Real
Trade Finance
Guarantees Issued (L/G and L/C)
Agricultural Bonds (CPR, CDA/WA and CDCA)
Private Credit Bonds (PN and Debentures)
4
5. Expanded Credit Portfolio Development
...maintaining the focus on higher quality assets...
2,991 3,068
(552) 728
(85) (15)
R$ million
3Q12 Amortized Credit Write offs New 4Q12
Credits Exits Operations
New Transactions 99,2% of new
transactions in
687 728
656 646 4Q12 are classified
517 between AA and B.
R$ million
4Q11 1Q12 2Q12 3Q12 4Q12
5
7. Expanded Credit Portfolio
…and increasing the new products share in the portfolio...
4Q11 4Q12
BNDES
BNDES Guarantees Guarantees
Trade Trade Onlendings
Onlendings Issued Issued
Finance 6% Finance 11%
8% 5%
18% Agricultural 14%
Agricultural
Bonds Loans &
Private Bonds
5% Discounts in
Loans & Credit Bonds 11%
Real Private
Discounts in Other 0.4%
57% Credit Bonds
Real 1% Other 1.3%
62% 1%
NCE CCE CCBI NCE CCE CCBI
Discount 0.3% 0.1% 0.2% 3.7% 2.4% 1.7%
Discount
Receivables Receivables
0.7% 0.3%
Confirming Confirming
1.6% 0.1%
Credit Loans Credit
Assignments 53.2% Assignments Loans
5.9% 15.6% 33.1%
NCE: Export Credit Notes; CCE: Export Credit Certificate; CCBI: Real State Credit Bank Note
7
8. Developing Franchise Value
...in specific niches...
Agricultural Bonds Large Corporate Ecosystem (*)
529 482
327 371
267 307 315
230
R$ million
R$ million
189
129
4Q11 1Q12 2Q12 3Q12 4Q12 4Q11 1Q12 2Q12 3Q12 4Q12
CPR Warrant (CDA/WA) CDCA Receivables from Clients Receivables drawn on Clients
Fixed Income Bonds
94 92 The expertise development in certain niches and
R$ million
60 structures that create competitive advantages
41
15 allows profitability increase through fees.
4Q11 1Q12 2Q12 3Q12 4Q12
PNs Debentures Real State Credit Bank Notes
(*) Acquisition and/or assignment of receivables originated by our customers and Transactions with
8 receivables of suppliers drawn on our clients (Confirming).
9. Expanded Credit Portfolio
...with relevant exposure in agribusiness...
4Q11
Agribusiness 16.8%
Food & Beverage 14.6%
Construction 14.4%
Other* 8.1%
Automotive 6.4%
Textile, App. & Leather 4.8% 4Q12
Power Gen. & Distr. 4.5%
Pulp & Paper 3.8% Agribusiness 22.2%
Chemical & Pharma 3.6% Construction 13.3%
Financial Services 3.5% Food & Beverage 13.1%
Transport. & Log. 3.4% Other Industry 11.9%
Metal Industry 3.1%
Education Automotive 6.5%
3.0%
Oil & Biofuel 2.6% Transport. & Log. 4.1%
Individuals 2.0% Electronics 4.0%
Commerce 2.0% Chemical & Pharma 3.9%
Advertising & Publishing 1.9% Metal Industry 3.5%
Financial institutions 1.6% Commerce 3.5%
Textile, App. & Leather 3.2%
Pulp & Paper 3.2%
Education 2.4%
Oil & Biofuel 2.1%
Machinery and Equipments 1.6%
Financial Services 1.5%
9 * Other industries with less than 1.5% of share.
10. Expanded Credit Portfolio
...and lower customer concentration and short term maturity profile maintained.
4Q11 4Q12
Client Concentration Client Concentration
11 - 60 11 - 60
largest largest
Top 10 32% Top 10 31%
17% 14%
61 - 160
Other 61 - 160 largest
Other 28%
24% largest 27%
27%
Maturity Maturity
91 to 180 91 to 180
days days
Up to 90 19% Up to 90 16%
days days
40% 38% 181 to 360
181 to 360 days
days 17%
15%
+360 days +360 days
26% 29%
10
11. Client Segmentation
Corporate increases its share in the credit portfolio
Corporate Tactical decision of originating higher quality assets
59% with shorter term in 2H12. In a better scenario,
expected for 2013, we will promote the portfolio
reallocation into more favorable spreads.
Middle
Market Average Exposure per Client:
39% ‒ Corporate = R$5.2 million
‒ Middle Market = R$2.4 million
Other
2%
Middle Market Corporate
Annual revenues from R$40mn to R$400mn Annual revenues of between R$400mn and R$2bn
1,572 1,501 1,267 1,820
1,200 1,374
1,128 1,078
831
R$ million
R$ million
641
4Q11 1Q12 2Q12 3Q12 4Q12 4Q11 1Q12 2Q12 3Q12 4Q12
Migration of clients from Middle to Corporate = ~ R$200mn as of June 30, 2012 and ~ R$260mn as of Sept.30, 2012
Note: In addition to the Middle Market and Corporate operations above, the Credit Portfolio also includes Other
11 Credits of R$43,0 mn in 4Q12 (Consumer Credit Vehicles, Acquired Loans and Non-Operating Asset Sales Financing).
The Expanded Credit Portfolio also includes Agricultural Bonds, Private Credit Bonds and Guarantees Issued.
12. Credit Portfolio Quality
99.2% of loan volumes granted in the quarter were rated from AA to B
Rating
79.1%
4Q12 2% 42% 35% 13% 8%
Credits rated between D and H totaled R$203.2
78.4% million at the end of 2012:
3Q12 6% 37% 35% 14% 8% − R$163.5 million (80% of Credit Portfolio between D
and H) in normal payment course
69.9%
− Only R$39.6 million overdue more than 60 days
4Q11 2% 40% 28% 20% 10%
AA A B C D-H
NPL / Credit Portfolio
Credits overdue more than 60 days are derived from: 5.0%
− clients acquired up to March 2011: 1.2%;
3.2% 2.8% 3.0%
− clients acquired from April 2011: 0.3%.
4.7% 1.5%
NPL indexes show significant improvement due to
the strategy embraced in 2011, focusing on higher 2.7% 2.6%
1.8% 1.2%
quality and shorter term assets.
4Q11 1Q12 2Q12 3Q12 4Q12
NPL 60 days NPL 90 days
12
13. Funding
Product mix helps with cost reduction
4Q11
Insured
Time Time
deposits Deposits
(CDB) (DPGE)
29% 30%
LCA
Foreign 8%
Borrowings LF and LCI
2,936 2,999 18% Onlendings Interbank & 0.3%
2,736 2,755 9% Demand
2,533
Deposits
6%
R$ million
4Q12 Insured
Time Time
deposits Deposits
(CDB) (DPGE)
4Q11 1Q12 2Q12 3Q12 4Q12 24% 34%
LCA
in Local Currency in Foreign Currency Foreign 12%
Borrowings
13%
Onlendings
Interbank & LF and LCI
11% 1%
Demand
Deposits
5%
LCA: Agribusiness Letters of Credit; LF: Bank Notes; LCI: Real State Letters of Credit
13
14. Operating Performance and Profitability
Net Interest Margin Efficiency Ratio*
7.7% 78.4%
6.7% 6.6% 6.1% 5.9% 5.9% 6.4% 74.2% 74.4%
67.6% 69.7% 68.7%
60.8%
5.8% 5.1% 5.0%
4.8% 4.9% 4.8% 4.3%
4Q11 1Q12 2Q12 3Q12 4Q12 2011 2012 4Q11 1Q12 2Q12 3Q12 4Q12 2011 2012
NIM NIM(a) *
Net Profit Return on Average Equity (ROAE) %
14.2
10.3
R$ million
7.3
5.0 3.6
2.4 3.1 3.5 2.5 2.4
1.7 2.2
4Q11 1Q12 2Q12 3Q12 4Q12 2011 2012
4Q11 1Q12 2Q12 3Q12 4Q12 2011 2012
-6.3
-31.7
* Details about the calculation are available in the 4Q12 Earnings Release at www.bip.b.br/ir
14
15. Capital Structure & Ratings
Shareholders’ Equity Leverage
Expanded Credit Portfolio/ Equity
577.1 590.5 582.4 587.6 587.2 5.1x 5.2x
4.4x 4.7x 4.8x
R$ million
4Q11 1Q12 2Q12 3Q12 4Q12 4Q11 1Q12 2Q12 3Q12 4Q12
Last
Basel Index(Tier I) Agency Rating
Report
Standard Global: BB/Stable/ B
18.2% Aug/12
17.5% 17.0% 15.8%
& Poor’s National: brA+/Stable/brA-1
14.9%
Global: Ba3/Stable/Not Prime
Moody’s Feb/13
National: A2.br/Stable/BR-2
FitchRatings National: BBB/Stable/F3 Nov/12
Index: 10.68
4Q11 1Q12 2Q12 3Q12 4Q12 RiskBank Jan/13
Low Risk Short Term
15
16. In 2012 the changing cycle started April 2011 was
completed…
Repositioning of the Bank’s Client Profile & Product Line
Credit Portfolio Segmentation
Franchise Value Developments
Funding Diversification & Cost Reduction
New Human Resources Policies
Control Improvements
16
17. …and 2013 we are seeking synergies and expanding
business...
SERTRADING
IMPROVEMENT
OFCREDIT PORTFOLIO
THROUGH ITS CLIENTS
VOGA
C&BI DEVELOPMENT OF AGROSEC
INVESTMENT BANKING
AGRO PARTNERS ACTIVITIES
IMPROVEMENT OF
AGRIBUSINESS
PORTFOLIO SECURITIZATION OF
AGRO BONDS
(expertise in the Midwest
- soybeans and corn)
17
18. VOGA: A Full Service Financial Advisory and M&A Boutique
VOGA | Areas of Expertise Presence in Brazil
Merger and Acquisition
Transactions involving mergers, acquisitions, sales or
divestures, focused on maximizing client value;
Includes corporate finance services related to capital structure, FORTALEZA
governance, valuation and business plan development.
Capital Raising
Services comprising all stages of equity and debt raising, from
the development of a business plan and marketing material to
the negotiation of final terms with investors.
Pre IPO Advisory
BELO HORIZONTE
Supporting clients in evaluating the appropriateness of an IPO,
assisting in its planning, and in the execution of the valuation, RIO DE JANEIRO
necessary audits, legal advice and governance analysis. SÃO PAULO (HEADQUARTERS)
Restructuring
Corporate restructurings including negotiations between PORTO ALEGRE
existing shareholders or corporate reorganizations.
Corporate Governance and Risk Assessment
HEADQUARTERED IN SÃO PAULO, VOGA HAS BRANCHES IN 4 OTHER
Advisory on the development of corporate governance BRAZILIAN STATES
structures as well in the elaboration of business plan and at
the identification of the optimal capital structure, accordingly
with the company perspective of growth.
18
19. VOGA Partners: Extensive IB Experience
Partners have complementary skills from previous experiences Alexandre Rodrigo
Dória Rocha
at companies and financial institutions including: (26 years) (17 years)
• Mergers and acquisitions / Corporate finance
• Restructurings Partners
• Capital raising (debt and equity)
• Asset management
• Consulting
Transactions concluded by the partners involve over US$50 Samuel Rogério
Oliveira Pacheco
billion (25 years) (19 years)
STRATEGY: FULLY INTEGRATED WITH BI&P CURRENT STRUCTURE,
LEVERAGING CURRENT AND GROWING CLIENT BASE WITH IB-RELATED
PRODUCTS, NOTABLY M&A AND FIXED INCOME.
20. CEAGRO: Acting with excellence in agricultural chain
Partner with deep understanding of the agricultural
EXPERTISE sector players, both in credit and production;
PRESENCE High presence in the state Mato Grosso;
Acting with excellence in the agricultural chain
VERSATILITY (origination; financing; acquisition and barter of
inputs; and warehousing, logistics and distribution
for domestic and international markets).
FUNDING BI&P has great funding capacity at competitive costs;
SECTOR Deep understanding of Brazilian agribusiness sector;
BI&P has a diversified and innovative product
PRODUCTS
portfolio specifically to the sector.
20
21. C&BI Agro Partners: joint venture between Banco
Indusval & Partners and Ceagro Agrícola Ltda
Focus: financing solutions to soybeans and corn agricultural chain.
Objective:
To develop and enhance agricultural financial products in the state of Mato Grosso
Increase reliability in credit analysis for agricultural producers
To provide clear and fast processes for agricultural bonds.
A reliable and new financing tool for grain producers
Structuring of innovative financial operations to the acquisition of agricultural inputs,
as seeds, fertilizers, pesticides and others
21
22. 2013 Strategy
Achieve economies of scale through Credit Portfolio growth and Fees
Resume the strategic Expanded Credit Portfolio balance: 50% Middle Market
and 50% Corporate
Promote IB activities – Fixed Income through the expertise of Voga
Participações e Empreendimentos Ltda
Continuous processes, systems and controls review aiming reduction costs to
increase efficiency
22