Banco Popular, the organization headed by Angel Ron, presents the results obtained in the third quarter of 2012.
According to the results, Banco Popular expects to finish the year keeping the line in terms of results obtained in these months.
Banco Popular also points at that althought the crisis is not over, we will keep reinforcing our
Provisions
Market Research Report : Corporate bond market in china 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Corporate Bond market is one of the fastest growing segments of the financial sector in China.
The report begins with a brief introduction on the various segments of the bond market in China followed by a further split of corporate bond segments. Evolution of the corporate bond market in China entails a brief description of the major events that have taken place since its inception. The market overview section provides an overview of the global corporate bond market in terms of issuance of corporate bonds and corporate bonds outstanding. This section also includes a snapshot of the corporate bond market in China covering the market size with forecast figures between 2009 and 2015. The section also provides information about the investor profiles of the corporate bond market in China.
Furthermore, the report delves into the credit spread between corporate bonds yield and benchmark government bonds yield spanning between various investment grades and tenor.
Key drivers of the industry explain the factors influencing the growth of the corporate bond market in China in detail. Some of them include growing economy of China, corporate bond market reforms and product innovation.
Major challenges that could impede the development and growth of the Chinese corporate bond market include inadequate credit rating system, impact of securitization, inadequate information disclosure and underdeveloped secondary bond market.
The government initiatives section includes a detailed description of the steps to be taken by the government of China in view of developing the corporate bond market under its 12th five year plan. This section also covers the major regulators of the corporate bond market alongwith key steps to be taken by them for the purpose of developing the corporate bond market in China.
Key emerging trends that are of marked importance to the corporate bond market in China include foreign participation and rise in market liquidity.
The report contains a brief analysis on the competitive landscape of the corporate bond market in China. This section provides a three dimensional analysis of the key corporate bond issuers’ revenues, profits and market capitalization followed by a ranking of companies based on the issuance volume of corporate bonds in China. The report also features brief profiles of the key corporate bond issuers in the market along with a snapshot of their corporation, financial performance and business highlights thus providing an insight into the existing competitive scenario.
Some of the key statistics or factors impacting the corporate bond market in China covered in the report include, global market size, global corporate bond issuance, domestic market size, corporate bond investor profile, local currency credit spread, growing GDP of the Chinese economy, share of medium term notes (MTN) in total corporate bond issuance, corporate bo
Sibos 2012 sessions - Transparency in cross-border payments & the impact of D...Earthport
Sibos 2012 - Dodd-Frank Section 1073 is arguably one of the biggest changes to cross-border payments globally in recent years. This session described the pros and cons of open loop, closed loop and hybrid approaches; and discussed whether the new requirement is likely to be adopted by corporates, and in other countries.
Global Financial Markets & The Recent Credit Crisis: Impressions from a Perso...Markus Krebsz
This presentation in two parts was given at a Royal Holloway University London (RHUL) event on 22 March 2012. Part 1 covers CRAs and Part 2 covered career tips for students interested in the financial markets.
Market Research Report : Corporate bond market in china 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Corporate Bond market is one of the fastest growing segments of the financial sector in China.
The report begins with a brief introduction on the various segments of the bond market in China followed by a further split of corporate bond segments. Evolution of the corporate bond market in China entails a brief description of the major events that have taken place since its inception. The market overview section provides an overview of the global corporate bond market in terms of issuance of corporate bonds and corporate bonds outstanding. This section also includes a snapshot of the corporate bond market in China covering the market size with forecast figures between 2009 and 2015. The section also provides information about the investor profiles of the corporate bond market in China.
Furthermore, the report delves into the credit spread between corporate bonds yield and benchmark government bonds yield spanning between various investment grades and tenor.
Key drivers of the industry explain the factors influencing the growth of the corporate bond market in China in detail. Some of them include growing economy of China, corporate bond market reforms and product innovation.
Major challenges that could impede the development and growth of the Chinese corporate bond market include inadequate credit rating system, impact of securitization, inadequate information disclosure and underdeveloped secondary bond market.
The government initiatives section includes a detailed description of the steps to be taken by the government of China in view of developing the corporate bond market under its 12th five year plan. This section also covers the major regulators of the corporate bond market alongwith key steps to be taken by them for the purpose of developing the corporate bond market in China.
Key emerging trends that are of marked importance to the corporate bond market in China include foreign participation and rise in market liquidity.
The report contains a brief analysis on the competitive landscape of the corporate bond market in China. This section provides a three dimensional analysis of the key corporate bond issuers’ revenues, profits and market capitalization followed by a ranking of companies based on the issuance volume of corporate bonds in China. The report also features brief profiles of the key corporate bond issuers in the market along with a snapshot of their corporation, financial performance and business highlights thus providing an insight into the existing competitive scenario.
Some of the key statistics or factors impacting the corporate bond market in China covered in the report include, global market size, global corporate bond issuance, domestic market size, corporate bond investor profile, local currency credit spread, growing GDP of the Chinese economy, share of medium term notes (MTN) in total corporate bond issuance, corporate bo
Sibos 2012 sessions - Transparency in cross-border payments & the impact of D...Earthport
Sibos 2012 - Dodd-Frank Section 1073 is arguably one of the biggest changes to cross-border payments globally in recent years. This session described the pros and cons of open loop, closed loop and hybrid approaches; and discussed whether the new requirement is likely to be adopted by corporates, and in other countries.
Global Financial Markets & The Recent Credit Crisis: Impressions from a Perso...Markus Krebsz
This presentation in two parts was given at a Royal Holloway University London (RHUL) event on 22 March 2012. Part 1 covers CRAs and Part 2 covered career tips for students interested in the financial markets.
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after ...BANCO SANTANDER
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after making charges of EUR 18.800 billion and reducing property exposure in Spain
Grant Thornton UK - Restructuring Outlook for 2012Grant Thornton
The results of Grant Thornton's 'Restructuring Outlook for 2012' survey provide insights into the factors that lead to corporate underperformance, the restructuring strategies that are commonly employed and how these strategies are likely to evolve in 2012. The briefing also provides an overview of the sectors considered particularly vulnerable in the current climate.
Focusing its strengths on serving the economy
Improving its financial strength by reaching
a CET1 ratio of 10% in 2013
Capitalising on the market-leading position of its retail
banks and associated business lines
Potenciar el empleo de las personas con discapacidad para favorecer su acceso laboral y hacer efectivo el principio de igualdad de oportunidades es el principal objetivo de Proyectos Impulso, que en su quinta convocatoria, ha reconocido las iniciativas presentadas por Fundación MIFAS, la Asociación Española de Esclerosis Lateral Amiotrófica (ADELA) y la Asociación Madrileña de Amigos y Familiares de Personas con Esquizofrenia (AMAFE), atendiendo a criterios como su carácter innovador, el efecto multiplicador, la viabilidad y sostenibilidad de las mismas, así como el impacto social sobre la integración socio-laboral, la formación y el empleo directo que pueda generar para personas con capacidades diferentes.
El presidente de Popular, Ángel Ron, ha reafirmado el modelo de negocio de la entidad, basado en los particulares y las pymes, un segmento de mercado rentable en el que mantiene un liderazgo indiscutible, con un 17% de la cuota de mercado. El banco mantiene un fuerte compromiso con pymes y autónomos, con 40.000 millones de euros de financiación concedida en balance. El 63% de la producción crediticia de 2016 se ha destinado a las pequeñas y medianas empresas y a los autónomos.
Popular incluído en el índice de sostenibilidad de FTSE4GoodBanco Popular
FTSE Russell (el nombre comercial de FTSE International Limited y Frank Russell Company) confirma que el Banco Popular Español ha sido evaluado de forma independiente de acuerdo con los criterios de FTSE4Good, y ha cumplido con los requisitos para convertirse en un componente de la serie de índices FTSE4Good. Creado por el proveedor de índices FTSE Global Russell, FTSE4Good es un índice de acciones que está diseñado para facilitar la inversión en compañías que cumplen con las normas reconocidas a nivel mundial de responsabilidad corporativa. Las empresas de la serie de índices FTSE4Good han cumplido estrictos criterios ambientales, sociales y de gobierno, y están posicionadas para capitalizar los beneficios de la práctica empresarial responsable.
Ángel Ron y la Asociación de Jóvenes de Granada firman un acuerdo para impuls...Banco Popular
Popular y la Asociación de Jóvenes Empresarios de Granada han firmado un acuer o de colaboración, para establecer las bases de una cooperación activa orientada a la mejora, el desarrollo y el crecimiento de los negocios de los jóvenes empresarios de Granada, poniendo a su disposición una oferta de productos adaptados a sus necesidades. De la misma forma y fruto de este acuerdo, Popular pone a disposición de los empresarios asociados a AJE Granada, gestores de empresas y especialistas, con el objetivo de concertar reuniones personalizadas, analizar cada empresa y poder ofre er así el servicio más adecuado
Popular y Ron firman un acuerdo con la asociación de empresarios hosteleros d...Banco Popular
Popular y la Asociación Provincial de Empresarios de Hostelería de Almería -ASHAL- han firmado un acuerdo de colaboración con el fin de impulsar la financiación de sus socios y que éstos puedan disfrutar de los productos y servicios del banco en las mejores condiciones. Entre estos productos, destacan Tenemos un Plan para autónomos, el Préstamo/Leasing o la Cuenta PYME.
Popular compensa el 100% de sus emisionesBanco Popular
En 2015, Popular ha compensado la totalidad de sus emisiones directas de CO2 en España y, por tercer año consecutivo, ha conseguido la “Etiqueta CeroCO2 Compensado”, iniciativa impulsada por ECODES.
Ángel Ron: depósito nómina Gasol y préstamo nómina Banco Popular
Con el fin de reforzar la vinculación de los clientes y apoyar así la positiva evolución de Tenemos un Plan, por la cual y desde el pasado mes de octubre los clientes vinculados han aumentado en más de 142.000, Popular lanza el Depósito Nómina Gasol y el Préstamo Nómina, productos que completan la oferta financiera de Tenemos un Plan con las siguientes características:
Acuerdo firmado entre Popular y el colegio de farmaceúticos de Granada Banco Popular
Popular y el Colegio Oficial de Farmacéuticos de Granada han firmado un acuerdo de colaboración con el fin de apoyar el desarrollo de las farmacias de la provincia de Granada, no solo por su capacidad de crear puestos de trabajos directos e indirectos, sino como agentes generadores de riqueza y con un alto componente de atención social. En 2015, en la provincia de Granada, Popular aumentó la contratación de crédito a pymes y autónomos un 17,4% más, hasta alcanzar los 252,6 millones €.
Popular firma un nuevo acuerdo con CEOPANBanco Popular
Ángel Ron y el Popular han firmado un acuerdo con la Confederación española de organizaciones de panadería, CEOPAN. Se trata de un acuerdo de
colaboración por el que el banco pone a disposición de CEOPAN, productos específicos como el Préstamo
Equipamiento Panadería y/o Pastelería,la Cuenta pyme, la Cuenta de crédito, o el Renting Popular.
Pastor y Gciencia premian a las mejores iniciativas empresariales de las univ...Banco Popular
Una docena de empresas pertenecientes a diversos sectores productivos han sido preseleccionadas para participar
en la elección final de ganadores de los Premios Galicia Spin-Off, organizados por Pastor y el portal Gciencia y que
distinguen a las mejores iniciativas empresariales surgidas en los grupos de trabajo de las universidades gallegas. El
jurado ha comenzado sus deliberaciones para conceder los galardones que se conocerán en las próximas semanas.
Las dos categorías del Premio (Idea Emergente y Sello de Calidad) reconocen, respectivamente, a una spin-off que
haya irrumpido en los últimos dos años con una idea innovadora y a una empresa que destaque por su trayectoria de prestigio a lo largo de los últimos años. En el apartado Idea Emergente habrá además dos finalistas que, como
ocurrirá con el ganador, tendrán una oferta especial para financiar su proyecto innovador por parte de Pastor.
Popular completa una nueva emisión de cédulas Banco Popular
Popular ha completado hoy una nueva emisión de cédulas hipotecarias por un importe total de 750 millones € y a
un plazo de seis años. La emisión confirma el respaldo que los mercados de capitales otorgan a Popular, con una
respuesta muy positiva tanto a nivel de inversores internacionales -con un 66% de la demanda- como nacionales, que representaron el 34% restante.
Popular gana 188 millones de euros, un 7,2% másBanco Popular
El beneficio neto de Popular en el primer semestre fue de 188 millones €, un 7,2% más que en el mismo periodo
del año anterior. La nueva contratación de crédito, de 12.039 millones €, aumenta un 19,9% respecto al
primer semestre de 2014. De la misma forma, el crédito a pymes y autónomos aumenta un 32,5% y como
consecuencia de todo ello, el banco mejora su cuota de mercado en crédito en 31 p.b. hasta llegar al 7,64%.
Popular y Pau Gasol presentan Popular Pau Gasol Academy 2015Banco Popular
Popular y Pau Gasol han presentado hoy en el CAR (Centro de Alto Rendimiento) de Sant Cugat del Vallés (Barcelona) ‘Popular Pau Gasol Academy 2015’. Este campus se lleva a cabo del 4 al 11 de julio y está dirigido a niños y niñas de entre 12 y 17 años. Pau Gasol y su equipo técnico dirigen el campus y enseñarán a los más jóvenes los fundamentos del baloncesto. El entrenamiento, la competición y las charlas técnicas serán las actividades
básicas a realizar, en un campus que se enmarca dentro de la estrategia de Popular de Impulso al deporte, como valor fundamental en la formación de los más jóvenes.
Ángel Ron y el Popular completan una nueva emisión de cédulas con el tipo his...Banco Popular
Popular ha completado hoy una nueva emisión de cédulas hipotecarias por un importe total de 1.000 millones € y a un
plazo de diez años. La emisión confirma el respaldo que los mercados de capitales otorgan a Popular, con una respuesta muy positiva tanto a nivel de inversores internacionales -con un 78% de la demanda- como nacionales, que representaron el 22% restante.
La emisión, que consiguió atraer el apetito inversor y alcanzó una sobresuscripción de 1,4 veces, fijó un cupón del 1%, el tipo histórico más bajo para Popular en un plazo de diez años. La última emisión de cédulas realizada por Popular en abril de 2014 fijó un cupón del 2,125% para un plazo de cinco años y medio.
Popular y Ángel Ron lanzan un seguro individual de ahorro a largo plazoBanco Popular
Con la finalidad de fomentar la cultura del ahorro entre sus clientes y que puedan beneficiarse de
importantes ventajas fiscales, Banco Popular ha lanzado el seguro individual de ahorro a largo plazo,
denominado Ahorro Bonificado Creciente SIALP, con una excelente rentabilidad garantizada
del 2% para el año 2015. Este producto está dirigido a los clientes que quieran constituir un capital para el futuro a medio y largo plazo con importantes ventajas fiscales, ya que los rendimientos generados están exentos de
tributación si han transcurrido al menos cinco años desde la primera aportación.
Ángel Ron y el Popular lanzan sus nuevas hipotecasBanco Popular
Banco Popular lanza al mercado sus nuevas ofertas de préstamos hipotecarios, tanto para la
oferta ofrecida en la red de sucursales, como para su filial de banca por internet, Oficina Directa.
Ángel Ron yPopular emiten 500 mm€ en deuda seniorBanco Popular
Banco Popular ha completado hoy con éxito una nueva emisión de deuda senior, por un importe total
de 500 millones € a un plazo de cinco años. La emisión confirma el respaldo que los mercados
de capitales otorgan a Banco Popular, con una respuesta muy positiva tanto a nivel de inversores
internacionales -con un 74% de la demanda- como nacionales, que representaron el 26% restante.
El Popular, presidido por Ángel Ron, organiza una visita solidaria al Hospita...Banco Popular
Ocho de los deportistas que el pasado mes de abril recibieron las becas de Impulso al Deporte por de Banco Popular y la Asociación de Deportistas han realizado hoy una visita navideña solidaria al Hospital San Rafael de Madrid. Las becas de Impulso al Deporte son nueve y están destinadas a nueve jóvenes deportistas. Comienzan en 2014 y finalizarán en 2016 con los JJOO de Río. Dentro de este programa, un deportista de élite y reconocido prestigio apadrina y es el mentor del deportista becado, diseñando, junto a la Asociación de Deportistas su programa de desarrollo y estableciendo los objetivos a conseguir por el apadrinado.
Ángel Ron y el Popular financian tres proyectos que favorecen la integracion ...Banco Popular
Estos tres proyectos sociales han sido propuestos por accionistas de Banco Popular y contarán con una financiación de 23.000 € cada uno, otorgada por el banco.
Fundación Konecta se ha encargado de la coordinación global de la convocatoria, así como del análisis de las propuestas y la preselección de los finalistas de entre los 52 proyectos recibidos.
El Pastor y El Popular firman un acuerdo para fianaciar a los empresarios cor...Banco Popular
Banco Pastor y Banco Popular han firmado hoy un acuerdo con la Confederación de Empresarios de La Coruña para financiar a los empresarios coruñeses. Las más de 40.000 empresas coruñesas integradas en las más de sesenta organizaciones territoriales y sectoriales que conforman la Confederación de Empresarios de La Coruña son las beneficiarias potenciales del acuerdo de colaboración refrendado esta mañana en las instalaciones de la patronal coruñesa.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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2. Disclaimer
This presentation has been prepared by Banco Popular Español solely for purposes of
information. It may contain estimates and forecasts with respect to the future development
of the business and to the financial results of the Banco Popular Group, which stem from the
expectations of the Banco Popular Group and which, by their very nature, are exposed to
factors, risks and circumstances that could affect the financial results in such a way that they
might not coincide with such estimates and forecasts. These factors include, but are not
restricted to, (i) changes in interest rates, exchange rates or any other financial variables,
both on the domestic as well as on the international securities markets, (ii) the economic,
political, social or regulatory situation, and (iii) competitive pressures. In the event that such
factors or other similar factors were to cause the financial results to differ from the estimates
and forecasts contained in this presentation, or were to bring about changes in the strategy
of the Banco Popular Group, Banco Popular does not undertake to publicly revise the content
of this presentation.
This presentation contains summarised information and may contain unaudited information.
In no case shall its content constitute an offer, invitation or recommendation to subscribe or
acquire any security whatsoever, nor is it intended to serve as a basis for any contract or
commitment whatsoever.
2
3. Agenda
1. 1Q12 Results operating performance
1.1 P&L main drivers
1.2 Risk management and Royal Decree Law 2/2102 update
1.3 Liquidity & funding policy
2. Banco Pastor update
3. Capital position & EBA
4. Conclusions and outlook – Q&A
3
4. We have started the year with a very strong and very encouraging
operating performance
Key-messages 1Q12
• Net Interest Income+31% QoQ and +34% YoY (+25% Popular
Solid revenues standalone). Total Recurrent Revenues +20%. Pre-Provisioning
Profit up by 20% to €539m
Efficiency and • Efficiency ratio improves to 39%, 36% Popular standalone
Pastor • Expect synergies of the Pastor integration to be above the initial
integration estimates. Pastor will have a strong contribution from year 1
• Credit coverage increased 15 p.p. to 50% and RE coverage increased
Strong
10 p.p. to 42%
reinforcement in
• We have already absorbed 60% of the new Royal Decree Law
coverage
02/2012 in 1Q12
• We have reduced our wholesale funding reliance over the last 3 years
A sound liquidity by 50% (from €38 bn to €19 bn Popular standalone). Loan to
position deposits ratio of the combined Group improves to 125% with
€13bn+ liquidity buffer.
4
5. To set the scene: in spite of the crisis our strengths remain in good shape
compared to Spanish and European peers
A pure retail and commercial bank:
(1)
loan to assets A privileged operating margin
72%
62%
1.52%
44%
1.12%
0.84%
Spanish Banks European Banks Spanish Banks European
Banks
A strong core capital (2) The most efficient bank: C/I ratio
62%
9.8% 9.8%
9.0%
44%
39%
Spanish Banks European Spanish Banks European Banks
Banks
Pre-provision profit/ ATAs
(1)
Core capital under local regulation, which includes MCNs and local deductions
(2)
Source: Quarterly reports as of 1Q12; Spanish Banks: Caixabank, Sabadell, Bankia, Banesto and Bankinter 5
5
European Banks, KBW European Banks & Credit Suisse Banks valuation
6. …and our priorities remains focused throughout the crisis…
Solvency: Core capital* Reinforce credit & RE provisions (specific charges)
+52% Specific provisions over (€, Billion)
%
RWAs (%)
9.84%
16%
16
6.47%
0.3%
0,2
1Q07 1Q12 2007 2012E
Reduce wholesale funding reliance Gain quality market share(1)
-49% (€, Billion)
6.30%
38 4.53%
23
19
2008
DIC-08 mar-12 2007 2011
Popular standalone Popular + Pastor
* Core Capital definition under local criteria
6
(1) Business market share: credits and deposits. Source: T7 form. Data December 2011 6
7. Financial Highlights 1Q12
Change Change
(€, Million) 1Q-12 4Q-11 1Q-11 YoY (€m) YoY (%)
Net interest income 693 527 516 177 +34.3%
Fees and commissions 186 170 172 14 8.1%
Trading and other income 56 48 88 -32 -36.3%
Gross operating income 935 746 776 159 +20.5%
Total Operating Costs -397 -366 -326 -71 21.8%
Pre-provisioning profit 539 381 450 89 19.8%
Provisions for loans and investments -310 -185 -409
(ordinary & accelerated) 99 -24.2%
Net of Provisions for real estate (ordinary
& accelerated), goodwill and -89 -120 +71 -160 >
extraordinary gains
PBT 140 76 112 28 +24.8%
Net profit 100 76 186 -86 -46.2%
Non-performing ratio 6.35% 5.99% 5.44% + 91 b.p.
Efficiency ratio 39.08 % 45.3 % 38.37% +71 b.p.
Loans to deposits ratio 125 % 135 % 135% -10 p.p.
Core Capital (local rules) 9.84 % 10.04% 9.93% -9 b.p.
7
Note: ‘Trading and other income’ includes FGD fees
8. Strong increase in Net Interest Income. We expect it to be sustainable
throughout the year
Net interest income evolution
NII over ATA (%) (€, million)
1.62 1.64 1.63 1.63 1.95
+31.5%
+22.4%
Popular 693
standalone
48
530 526
515 514 30
615
515 530 515 527
1Q11 2Q11 3Q11 4Q11 1Q12 Quarterly
average
2012e
Pastor contribution (1 month and 11 days) Extraordinary margin
Note: The contribution of Pastor correspond to 1 month and 11 days 8
9. The improvement in loan yields combined with the funding cost
moderation explains the sharp increase in our net interest income
Loans Yields: frontbook vs. stock Time deposit costs: frontbook vs. stock
(%) 5.72
(%)
5.28 3.61 3.68
3.37 3.4
4.78 4.84 3.21 3.17
4.6 3.04 3.07 3.05
4.41 2.93
4.24 4.29
4.06
3.89
1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12
Stock Front book Stock Front Book
Yields & costs evolution NIM & Customer spread evolution
(%)
4.41 4.60 (%)
4.20 4.24 4.29
4.00 4.00 4.05 4.06
2.77
2.62 2.59 2.75 2.73 2.47 2.51
2.25 2.29 2.21 2.25 2.29 2.19 2.18
1.94
1.59 1.71
1.52
2.11 2.26
1.95 2.09 2.19
1.84 1.81 2.00 1.97
1.53 1.95
1.43 1.33 1.75
1.62 1.66 1.59 1.63
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12
Loan Yield Retail funds cost (CP included) Wholesale funding cost NIM Customer spread
9
Note: Data for Popular and Pastor
10. This strong NII improvement did not come from new, ad-hoc, carry
trade. We have used LTRO funds mainly to replace clearing houses
ALCO portfolio evolution Net funding clearing Houses
(€, millions) (€, millions)
14,697 14,694 14,512
12,028
6,169
3,357
3Q11 4Q11 1Q12 3Q11 4Q11 1Q12
Note: Popular ex Pastor Note: Popular ex Pastor
Average cost of funding
• €14.5 Bn gross POP (12.5 Bn€ net)
LTRO • Clearing houses 1Q12: <1.0%
• €17.2 Bn POP + PAS (15.2 Bn€ net)
• LTRO: 1.0%
10
11. All in all very strong recurrent revenues. Total revenues up 17% like-for-
like QoQ, despite the higher fees charged by the FGD
Basic Revenues Total Revenues
(€, millions) 879 (€, millions)
58
687 697
176
172 170
+25.3%
645
515 527 935
+17.2% 61
Like- for- like
1Q11 4Q11 1Q12
NII Fees Pastor contribution
874
776 746
Trading & other
(€, millions)
89 56
3
48 1Q11 4Q11 1Q12
37
73
41 Pastor contribution (c.6 weeks)
52
24 20
-8 -13
-36
!
1Q11 4Q11 1Q12
Trading Others
Spanish Insurance Fund (FGD) Pastor contribution
11
Note: The contribution of Pastor correspond to 1 month and 11 days
12. This strong operating performance has been possible thanks to the
extraordinary commercial performance of our bank…
ICO’s market share March 2012 Loans and Deposits market share evolution
(%) 3.2x natural credit +50bps
20.3% market share
6.2% 6.4%
13.8% 5.9%
12.5% 11.9%
10.2% 6.0%
5.8%
5.9%
5.4%
+60bps
Bank 1 Bank 2 Bank 3 Bank 4 Bank 5 dec-09 dec-10 dec-11
Deposits Loans
Source: Santander, Bankia, BBVA, Sabadell and La Caixa. Note: Combined market share Popular + Pastor Other resident sectors
Note: Popular + Pastor
Customers • 47,723 new individuals
base increase
(*) • 17,672 new SMEs
• Exports : +141 bps. Increase of
International
market share YoY. Imports: +18
Business (*) bps. Increase of market share YoY
Retail Deposits
• 3,2bn New Deposits since Dec-11
up (*)
12
* Note: Popular standalone
13. Higher revenues and Pastor cost synergies will allow us to improve our
efficiency further
Efficiency Ratio Efficiency ratio comparison among peers
76%
European average 61.9%
45,30%
38,37% 36,73% 39,08% 44% 47% 47%
41% 41% 43%
39%
1Q11 4Q11 1Q12 Bank 2 Bank 3 Bank 4 Bank 5 Bank 6 Bank 7 Bank 8
Popular standalone Popular + Pastor
Peer group: Sabadell, Banesto, Santander Spain, BBVA Spain, Caixa,
Bankinter and Cívica (last available data)
Pre-provision profit Pre-provision margin over ATAs comparison
(€, millions) 539
15
1.52%
1.12%
0.84%
524
450
381
1Q11 4Q11 1Q12 POP Spanish banks European banks
Pastor contribution
Source: Quaterly Resports and analysts reports. 13
Note: The contribution of Pastor correspond to 1 month and 11 days
14. The pre-provision profit and our solvency allowed us to make an
important provisioning effort towards the RDL 2/2012. We have booked
€398m in 1Q12 (P&L) and €2.4bn against equity (FVA)
Provisions for loans and investments Real estate provisions
(€, millions) (€, millions)
+€125m
409 427
7 310
141 8
185 10
325
36 -€18m
342
304
243
102 106 88
-36 -35 -49
-6 -2 -3 1Q11 4Q11 1Q12
-56 -1
1Q11 4Q11 1Q12 Accelerated RE Provisions
Ordinary RE provisions
Specific (ordinary & Royal Decree) Extraordinary provisions
Write-offs Investments
Pensions & other Generic
On top, we have booked €2.4 Bn of fair value adjustments. We have already complied with c.60% of the
new Royal Decree extraordinary provisions for Popular & Pastor
Note: The contribution of Pastor correspond to 1 month and 11 days
14
15. Following all the provisioning charges we have posted €140m of PBT and
€100m of Net profits in 1Q 2012
Profit before taxes (PBT) Net profit evolution
(€, millions) (€, millions)
+25%
+32%
186
112 140
100
76 76
1Q11 4Q11 1Q12 1Q11 4Q11 1Q12
Note: The contribution of Pastor correspond to 1 month and 11 days 15
16. Agenda
1. 1Q12 Results operating performance
1.1 P&L main drivers
1.2 Risk management and Royal Decree Law 2/2102 update
1.3 Liquidity & funding policy
2. Banco Pastor update
3. Capital position & EBA
4. Conclusions and outlook – Q&A
16
17. Still in a tough economic environment but net entries remain stable. In
the current cycle it is of the essence to have a strong capacity to clean up
Evolution of net entries of NPLs 2011 Pre-provision margin (1)
(€, million)
Recovery rate (%) 1.52%
58.2 50.0 57.2 39.4 51.4 44.8 49.2
836 1.12%
644 623
515
570 540 0.84%
455 433
Average Average 1Q11 2Q11 3Q11 4Q11 Average 1Q12 Spanish banks European banks
2009 2010 2011
Note: Pastor excluded
(1) Pre-provision profit/ ATAs Popular
Source: Quarterly reports as of 1Q12; Spanish Banks: Caixabank, Sabadell, Bankia,
NPL ratio evolution Banesto and Bankinter
European Banks, KBW European Banks & Credit Suisse Banks valuation
8 . 16 %
Note: The contribution of Pastor correspond to 1 month and 11 days
7 . 5 1%
7 . 16 % 213 bp.
181 bp. Like-for-
6 .6 9 %
6.35%
Like
6 . 11%
5.82%
5.48% 6.03%
5.29% 5.32% 5.99%
5.04% 5.85%
5.58%
5.44%
5.27%
5 . 17 %
4 . 8 1% 4 . 9 1% 5 . 0 4 %
D ec- M ar - Jun- Sep - D ec- M ar- Jun- Sep - D ec- M ar -
09 10 10 10 10 11 11 11 11 12
Popular & Pastor Popular Average Spanish industry*
(*) 17
Average banks, saving banks and credit unions as of February 2012
(latest available data).
18. We have covered already the new Royal Decree by c.60% in 1Q12. We
will comply with the total requirements within one year (waiving the
option to do it in two years)
RD Provisions to book during the year Pre-Provision Profit
(€, bn) % PPP over RWA’s (€, bn)
1.8% 2.1% 2.2%
+c.30%
2.0 2.1
1.6
4.0
2.4
Provisions 2Q12 3Q12 4Q12 Total 2011 2012E 2013E
1Q12 provisions
Note: Total requirements are €2.9bn for Banco Popular and €1.1bn for Banco Pastor
18
19. The strong provisioning effort following the RDL favours a sharp increase
in the NPAs coverage, thus facilitating a quicker exit
NPLs Coverage NPLs + Write offs Coverage
+11p.p.
+15p.p.
50% 67%
56%
35%
dec-11 Mar-12 dec-11 Mar-12
RE Assets Coverage NPAs Coverage (1)
+13p.p.
+10p.p.
58%
42%
45%
32%
dec-11 Mar-12 dec-11 Mar-12
(1) NPAs: NPLs + RE assets + Written-offs
N.B: Coverage without considering the value of collateral
19
20. By type of RE asset the new coverage is more noticeable… even without
taking into account any collateral value….again, an exit will be easier
Foreclosed Coverage (dec-12e) RE NPL’s Coverage (dec-12e)
2.8x 2.7x
2.8x
83% 81% 2.6x
76% 66% 2.1x
2.0x
20% 57% 20%
18% 15% 49%
1.3x
63% 9% 61% 1.5x 8%
58% 34% 51%
48% 29%
41%
34% 30% 29%
30% 27% 26% 28% 25% 23%
20%
Land Work in progress Other RE Assets Total
Land Work in progress Finished Buildings Total
Current Coveragel Coverage after RDL Capital add-on Current Coverage Coverage after RDL Capital add-on
RE Substandard Coverage (dec-12e) RE Performing Portfolio coverage (dec-12e)
5.7x
7.0% 7.0% 7.0% 7.0%
80%
20% 2.7x 2.8x
1.8x 36%
60% 27%
23% 5%
4%
31% 0% 0% 0% 0%
14% 10% 23% 13% 23% 13%
Land Finished Buildings Work in progress Other personal
Land Work in Finished Tot al guarantees
progress Buildings
Actual coverage Coverage after RDL
Current Coverage Coverage aft er RDL Capital add-on
20
Note: Data for Popular and Pastor
21. Agenda
1. 1Q12 Results operating performance
1.1 P&L main drivers
1.2 Risk management and Royal Decree Law 2/2102 update
1.3 Liquidity & funding policy
2. Banco Pastor update
3. Capital position & EBA
4. Conclusions and outlook – Q&A
21
22. Since 2008 we have reduced €18bn (c.50%!) our wholesale dependance,
while maintaining a sound second line of liquidity. In 1Q12 our full year
goals have been beaten
Loans/Deposits Ratio (%) Wholesale dependance
(€, million)
-46pp €-18.7Bn
174%
-8pp 38.130 €-4.4Bn
149%
136% 135% 135% 133% 29.086
128% 125% 27.489
23.512 23.286 23.129
19.389
2008 2009 2010 2011 Dec-11 1Q12 2008 2009 2010 2011 1Q12
Popular standalone Popular + Pastor Popular standalone Popular + Pastor
22
22
23. This remarkable improvement of our commercial gap has been achieved
over the last 4 years by gathering deposits as opposed to reducing loans
Gross Loans Evolution Retail Funds
(€, millions) (€, millions)
+20% +29%
117,955
-1.1% +4.3% 79,589
Like-for-like 20,699
Like-for-like
15,079
98,364 98,873 97,256
61,866 61,285 64,510
mar-11 dec-11 mar-12 mar-11 dec-11 mar-12
Pastor contribution
• €4,360m commercial gap
77 % of the maturities in
€ 5,710 Mn improvement (1)
2012, already pre-funded in
Pre-funded in 1Q12 • €750m senior debt issue 1Q12
• €600m covered bonds issue
1
GAP: Loans: Total Loans to customers (net) – Other credits – Repos – Valuation adjustments of Repos – ICO credit lines - Securitisations; Deposits: Demand deposits
+ time deposits + other accounts and valuation adjustments + collection accounts (included in other financial liabilities) + commercial paper + Preferred shares
ICO Credit lines: credit lines to SMEs prefunded by State
23
24. And we hold a comfortable liquidity buffer (€13.3bn) which covers 4.6x
our senior maturities…
Popular + Pastor medium and long term maturities and the 2nd line of liquidity
(€, Mn)
7,757
Covered bonds
Covered re-usable on ECB
Bonds 3,254
3,078
1,911
2012 2013 2014 >2014
13,281 (*)
4.6x covered with 2nd
line of liquidity & GGB
capacity
3,009
Senior debt
1,640 1,277 0 92
700
1,473 92
1,227
167
2012 2013 2014 >2014 2nd line of Potential GGB
liquidity capacity
EMTN GGB (*)
After haircuts
Data as of March 2012 including Banco Pastor
24
24
25. Agenda
1. 1Q12 Results operating performance
1.1 P&L main drivers
1.2 Risk management and Royal Decree Law 2/2102 update
1.3 Liquidity & funding policy
2. Banco Pastor update
3. Capital position & EBA
4. Conclusions and outlook – Q&A
25
26. Synergies and restructuring costs following Pastor acquisition, better
than initially planned
Popular initially estimated significant synergies to spring from the acquisition, which
represent approximately 70% of the value of the transaction
Annual Synergies (€Mn)
167
Synergies revised up:
145 147
133 +14% over initial
estimates
74
62
Restructuring costs:
revised down 34% over
2012E 2013E 2014E initial estimates
Initial Synergies Updated Synergies
Means a positive net
synergies contribution
NPV of Synergies up +19% to
of € 49.5 Mn in 2012 !
€947mn from €799mn
Note: Data for Popular & Pastor
26
26
27. Pastor adds an excellent franchise in its home market and a wide room
for growth in a market which is restructuring: excellent to capture
market share
Deposits Market Share by Region (Pop + Pas) Market Share/Penetration(1) by Region (Pop + Pas)
64,7%66.1%
5.7% 3.7% 3.4% 84.1%
17.0% 6.9% 92.84% 71.5%
4.5% 91.4%
3.7% 86.6%
8.7% 2.5% 111.4% 92.5%
7.2% 164.8%
3.9% 77.8%
4.2% 4.4% 106.4% 48.9%
109.9%
3.5%
4.8% 85.8%
6.2% 90.4%
3.9% 80.9%
Deposits Market Share Market Share /
of 6.0% Penetration Ratio 103%
Very Strong Market Share Strong Market Share Very Strong Penetration Strong Penetration
Medium Market Share Weak Market Share Medium Penetration Weak Penetration
17% market share in Galicia but with a
1,826 net clients gained since acquisition
penetration under the franchise potential
1Penetration calculated as deposit market share over branch market share
27
28. Agenda
1. 1Q12 Results operating performance
1.1 P&L main drivers
1.2 Risk management and Royal Decree Law 2/2102 update
1.3 Liquidity & funding policy
2. Banco Pastor update
3. Capital position & EBA
4. Conclusions and outlook – Q&A
28
29. Despite the large clean-up in the quarter, the core capital ratio remains
stable. And it will improve further once all the capital measures
announced are accomplished
Core Capital Reconciliation QoQ
(%)
10.56% with the
new €0,7bn retail
MCN planned in Q2
0,09
1,31 -0.32 -2.04
10,04 0,03
0,72 9,84
Core Capital Capital Organic Net effect RWA Pastor RWA Others Core Capital
4Q11 increase. Capital clean up, optimization 1Q12
Pastor deal generation higher & lower
provisions credit risk
Note: Total requirements are €2.9bn for Banco Popular and €1.1bn for Banco Pastor
29
30. On EBA targets, we will fill the gap to the new EBA Capital requirements
and we will hold a significant excess capital…
EBA Core Capital estimates
(€, mn)
Deficit (-)/
+403 +463 +617
Excess (+)
10.33% 10.40% 10.56%
8.70%
1Q12 2Q12e 3Q12e 4Q12e
• Exchange of preferred shares for MCNs-€1.1bn. DONE, ALREADY INCLUDED IN 1Q12
• Conversion of existing MCNs for equity. €0.5bn DONE, INCLUDED PRO-FORMA IN 1Q12
• Exchange of an existing MCN for new MCN (EBA compliant)- €0.7bn. LAUNCHED
• New issue of an MCN. UP TO €0.7Bn IN PROCESS, DUE JUNE
Note: Data for Popular and Pastor 30
31. Agenda
1. 1Q12 Results operating performance
1.1 P&L main drivers
1.2 Risk management and Royal Decree Law 2/2102 update
1.3 Liquidity & funding policy
2. Banco Pastor update
3. Capital position & EBA
4. Conclusions and outlook – Q&A
31
32. We have started the year with a very strong operating performance
Key-messages 1Q12
• Net interest income+31% QoQ and +34% YoY (+25% Popular
Solid revenues standalone). Total Recurrent Revenues +20%. Pre-Provisioning
Profit up by 20% to €539m
Efficiency and • Efficiency ratio improves to 39%, 36% Popular standalone
Pastor • Expect synergies of the Pastor integration to be above the initial
integration estimates. Pastor will have a strong contribution from year 1
• Credit coverage increased 15 p.p. to 50% and RE coverage increased
Strong
10 p.p. to 42%
reinforcement in
• We have already absorbed 60% of the new Royal Decree Law
coverage
02/2012 in 1Q12
• We have reduced our wholesale funding reliance over the last 3 years
A sound liquidity by 50% (from €38 bn to €19 bn Popular standalone). Loan to
position deposits ratio of the combined Group improves to 125% with
€13bn+ liquidity buffer.
32
33. Outlook 2012/2013
Complex
• Macro, Micro and Regulatory environment will still be complicated
environment
• Our strong capacity to generate revenues and synergies (PPP est. €2
Strength and Bn) plus one-offs would allow us to face all the extraordinary
recurrence of PPP provisions of the Royal Decree Law and still post profits in 2012 (c.
€2 Bn €300 Mn). Net profit in 2013 should increase significantly thanks to
the accelerated 2012 clean-up
Strong coverage • Provisions booked in NPL’s and RE Assets will allow us to gradually
increase dispose these assets in a profitable manner
Excellent • Our efficiency in costs and revenues, a good liquidity position and a
competitive high level of capital will allow us to take advantage of all the
position opportunities that a restructuring market offers
33
36. BoS transparency exercise: Lending to construction and RE purposes in
Spain remains our most affected sector
Lending to construction and RE: breakdown by type Total exposure to RE lending
(€, million) % of total
Other land 21% 14% 65%
General Corporate 21,519 21,547 4,596
1.4% purposes with
Developed land mortgage collateral 3,051
13,900
15.9% 20.8%
Buildings Personal guarantee
under
13.3%
construction
4Q11 1Q12 NPLs Substandard Exposure
9.6% Pro-forma (watch list)
Still performing!
Coverage of RE lending
48.6%
(€, million)
Finished Buildings
P&L provisions & write-offs 4Q11 Pro-forma 1Q12
39.0%
Specific 1,387 2,327
Generic 138 635
Write-offs 978 1,067
Total 2,503 4,029
NPLs & Substandard coverage 30% 46%
36
37. BoS Transparency exercise: Real Estate assets held in Spain. We have
increased strongly our coverage
Real Estate assets: detail & coverage Real Estate assets: split by origin
(€, million)
11%
RE assets 4Q11 Pro-forma 1Q12 9%
10% 70%
Foreclosed assets (net amount) 5,685 5,078
Capital instruments (net amount) 416 347
Provisions 2,883 3,985 Foreclosed assets from lending to construction & RE purposes
Foreclosed assets from retail mortgages
Foreclosed assets: rest
Coverage 32% 42% Capital instruments
Real Estate assets: split by type of collateral
11%
9% 34%
37%
9%
Finished buildings Buildings under construction
Land Rest
Capital instruments
37