Banco Popular, the organization headed by Angel Ron, presents the results obtained in the third quarter of 2010.
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
The document provides preliminary 2019 results for Banca Ifis. Key highlights include:
- Net income of €123.1 million, driven by a reversal of PPA of €47 million.
- CET1 ratio increased to 10.96%, above SREP requirements.
- Customer loans totaled €7.651 billion, with the NPL business representing €1.28 billion.
- Funding sources remained stable, with customer deposits of €5.286 billion.
Banca IFIS reported net income of €30 million for 1Q 2019. Net banking income was €130 million, down from €173 million in 4Q 2018 due to lower trading revenues and a model update for the NPL segment. Cost of risk was €13 million. Customer loans were stable at €7.3 billion. Capital ratios remained strong with a CET1 ratio of 13.53% for Banca IFIS Group Scope.
This document provides a summary of Pine Bank's 1Q14 earnings conference call. The key highlights include:
- Ratings agencies reaffirmed Pine Bank's ratings based on consistent fundamentals.
- Net income was down 5.4% year-over-year but contributions came from all business lines.
- Total funding was up 4.9% while the loan portfolio grew 1.6%.
- The net interest margin was 4.0%, in line with guidance, driven by lower funding costs and improved credit spreads.
Banco Santander delivered an attributable profit of €1,867 million during the first quarter of 2017, +14% compared to Q1 2016. Excluding currency movements, profit before tax increased by 17% to €3,311 million.
1) The document cautions that the presentation contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
2) It notes key risk factors including general economic trends, financial market movements, competitive pressures, technological changes, and changes in the creditworthiness of customers.
3) The presentation provides an overview of Santander's first quarter 2015 results, including profit growth driven by higher revenues and lower loan loss provisions, as well as increases in lending and customer funds.
The document provides financial highlights for Banca IFIS Group for 9M2018. Key points include:
- Net banking income increased 7.5% to €403.6 million driven by positive contributions from both the Enterprise and NPL segments.
- Net profit was €89 million for 9M2018.
- Solid capital and liquidity positions were maintained with a CET1 ratio of 14.63% and liquidity coverage ratio over 2000%.
- The NPL segment performed strongly with net profit from financial activities of €168.2 million, up 55.3% from 9M2017.
Santander cautions that its presentation contains forward-looking statements that may differ from actual results. It provides 2013 highlights including stronger capital and liquidity positions, improved credit quality, and a sharp increase in profit. However, exchange rates significantly impacted gross income figures. Costs varied by unit with some performing better than inflation. Overall credit quality trends were positive though Spain's ratio increased due to its shrinking loan portfolio.
Market Watch NPL - 2018 TRANSACTIONS AND 2019 FORECASTBanca Ifis
The document provides an executive summary and analysis of the Italian non-performing loans (NPL) market in 2018 and forecast for 2019. Some key points:
- Banks' NPLs were reduced by 55 billion euros from 2017 to Q3 2018 due to large NPL portfolio disposals.
- Gross NPL transactions in 2018 totaled 66 billion euros, with around 17 billion euros estimated as the total market value. Around 44% of transactions used a government guarantee scheme.
- The pipeline of potential NPL transactions in 2019 is estimated at 50 billion euros, with more activity expected in the secondary market compared to 2018.
The document provides preliminary 2019 results for Banca Ifis. Key highlights include:
- Net income of €123.1 million, driven by a reversal of PPA of €47 million.
- CET1 ratio increased to 10.96%, above SREP requirements.
- Customer loans totaled €7.651 billion, with the NPL business representing €1.28 billion.
- Funding sources remained stable, with customer deposits of €5.286 billion.
Banca IFIS reported net income of €30 million for 1Q 2019. Net banking income was €130 million, down from €173 million in 4Q 2018 due to lower trading revenues and a model update for the NPL segment. Cost of risk was €13 million. Customer loans were stable at €7.3 billion. Capital ratios remained strong with a CET1 ratio of 13.53% for Banca IFIS Group Scope.
This document provides a summary of Pine Bank's 1Q14 earnings conference call. The key highlights include:
- Ratings agencies reaffirmed Pine Bank's ratings based on consistent fundamentals.
- Net income was down 5.4% year-over-year but contributions came from all business lines.
- Total funding was up 4.9% while the loan portfolio grew 1.6%.
- The net interest margin was 4.0%, in line with guidance, driven by lower funding costs and improved credit spreads.
Banco Santander delivered an attributable profit of €1,867 million during the first quarter of 2017, +14% compared to Q1 2016. Excluding currency movements, profit before tax increased by 17% to €3,311 million.
1) The document cautions that the presentation contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
2) It notes key risk factors including general economic trends, financial market movements, competitive pressures, technological changes, and changes in the creditworthiness of customers.
3) The presentation provides an overview of Santander's first quarter 2015 results, including profit growth driven by higher revenues and lower loan loss provisions, as well as increases in lending and customer funds.
The document provides financial highlights for Banca IFIS Group for 9M2018. Key points include:
- Net banking income increased 7.5% to €403.6 million driven by positive contributions from both the Enterprise and NPL segments.
- Net profit was €89 million for 9M2018.
- Solid capital and liquidity positions were maintained with a CET1 ratio of 14.63% and liquidity coverage ratio over 2000%.
- The NPL segment performed strongly with net profit from financial activities of €168.2 million, up 55.3% from 9M2017.
Santander cautions that its presentation contains forward-looking statements that may differ from actual results. It provides 2013 highlights including stronger capital and liquidity positions, improved credit quality, and a sharp increase in profit. However, exchange rates significantly impacted gross income figures. Costs varied by unit with some performing better than inflation. Overall credit quality trends were positive though Spain's ratio increased due to its shrinking loan portfolio.
Market Watch NPL - 2018 TRANSACTIONS AND 2019 FORECASTBanca Ifis
The document provides an executive summary and analysis of the Italian non-performing loans (NPL) market in 2018 and forecast for 2019. Some key points:
- Banks' NPLs were reduced by 55 billion euros from 2017 to Q3 2018 due to large NPL portfolio disposals.
- Gross NPL transactions in 2018 totaled 66 billion euros, with around 17 billion euros estimated as the total market value. Around 44% of transactions used a government guarantee scheme.
- The pipeline of potential NPL transactions in 2019 is estimated at 50 billion euros, with more activity expected in the secondary market compared to 2018.
Snam reported solid 2015 full year results, with revenues up 2.3% and adjusted net profit up 12.2%. Total investments were €1.54 billion, with €1.27 billion spent on capital expenditures. Operational efficiencies and financial restructuring led to a significant reduction in debt costs. Gas consumption in Italy increased 8.9% in 2015 from the prior year. Snam intends to pay a dividend of €0.25 per share and remains focused on consolidating its leadership role in the European gas infrastructure sector, including through its stake in the Trans Adriatic Pipeline project.
This document summarizes the 2018 full year results of Banca IFIS. Some key highlights include:
- Net income of €146.8 million, impacted by €62 million in one-off provisions and €92 million in purchase price accounting adjustments.
- Customer loans increased to €7.31 billion, with growth in trade receivables, leasing, and non-performing loans.
- Capital ratios remain strong, with a Common Equity Tier 1 ratio of 13.74% for Banca IFIS and 10.30% for La Scogliera group scope.
- The bank expects to continue growing its lending businesses in coming quarters while prudently managing capital levels.
Santander earns €4.61 billion during the first nine months of 2016BANCO SANTANDER
Banco Santander has delivered €4,606 million in attributable profits for the first nine months of 2016, down 22.5% from the same period in 2015 due to the impact of extraordinary items announced in Q2 of this year and Q2 of 2015. Excluding extraordinary items and exchange rate movements, profits grew by 8% year on year to €4,975 million.
- Revenues for Q1 2009 decreased 12% quarter-over-quarter and 9% year-over-year to KRW 3.66 trillion due to declining panel prices.
- The company reported an operating loss of KRW 412 billion for Q1 2009 compared to an operating income of KRW 881 billion in Q1 2008.
- Cash and cash equivalents increased slightly to KRW 3.57 trillion at the end of Q1 2009, and the company expects total LCD shipments and average selling prices to increase in Q2 2009.
- PINE's 3Q13 earnings call highlighted positive revenue contributions from all business lines, a 6% increase in loan portfolio, and a 13.4% ROAE.
- Expenses were well managed, resulting in a 35.7% efficiency ratio. Loan portfolio quality remained high with non-performing loans at 1.2% and adequate credit coverage of 3.4%.
- The diversified funding base increased 11% with continued maintenance of a positive liquidity gap. Capital adequacy was strong at a BIS ratio of 15.9%.
- Banco Santander presented its earnings for January to September 2016. Key metrics included an underlying return on tangible equity of 11.2% and a non-performing loan ratio of 4.15%.
- Gross income increased 2.2% year-over-year on a currency-neutral basis, driven by growth in net interest income and fees. Underlying attributable profit rose 8.4% excluding one-off items.
- Operating expenses declined 1% excluding inflation and perimeter changes through active cost management. Loan-loss provisions were stable at €7.1 billion despite a challenging environment in some markets.
Klöckner & Co SE reported financial results for the third quarter of 2010. Sales volumes were down slightly from the previous quarter but prices seem to have stabilized. EBITDA for Q3 was lower than Q2 due to declining volumes, but the company expects full year sales to increase over 25% from acquisitions and recovery in customer demand. Management outlined a new strategy called Klöckner & Co 2020 to further growth organically and through acquisitions, especially in emerging markets, in order to become the leading global multi-metal distributor and achieve an EBITDA margin above 6% through business optimization.
This document is the 4Q15 earnings release and conference call presentation for a bank. Key highlights include:
- The bank maintained a strong liquidity position with cash of R$1.5 billion.
- Loan portfolio decreased by 29.4% year-over-year to R$6.9 billion due to deleveraging.
- Net interest margin improved slightly to 3.2% compared to 3Q15.
- Personnel and administrative expenses declined 12.6% year-over-year through cost control measures.
- The bank continued liability management with a diversified funding portfolio and adequate terms.
The document is ABC Holdings Limited's 2011 annual report. It provides an overview of ABC Holdings, which is the parent company of a number of banks operating in sub-Saharan Africa. Key highlights from 2011 include total income increasing 21% to BWP659 million, attributable profit to shareholders increasing 24% to BWP83 million, and total assets increasing 53% to BWP9.2 billion. The report also summarizes economic conditions in ABC Holdings' markets in 2011, which generally saw continued growth despite challenges from the global economic slowdown.
Banco Santander's financial report summarizes the company's performance from January to September 2016. Key highlights include an increase in loyal and digital customers, underlying profit growth driven by stable commercial revenues and provisions, and solid capital ratios. Non-performing loans declined while coverage ratios increased. By business area, Continental Europe saw higher profits, the UK saw lower profits due to tax surcharges, Latin America saw higher profits despite currency impacts, and the US saw lower profits due to higher costs and provisions.
This document provides a summary of PINE Bank's 1Q13 earnings release conference call. It discusses the bank's financial highlights for 1Q13, including a 13.2% increase in loan portfolio and 22.4% increase in shareholders' equity compared to 1Q12. It also summarizes key points about the bank's diversified sources of revenue, product offerings, loan portfolio quality, and funding sources. The document demonstrates PINE Bank's continued growth while maintaining a balanced and diversified business profile.
Klöckner & Co - Roadshow Presentation November 2010Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented its financial results and growth strategy through 2020. In Q3 2010, sales increased year-over-year while earnings improved. The company aims to accelerate external growth, boost organic growth, optimize business processes, and strengthen management development. By 2020, Klöckner & Co seeks to become the first truly global multi-metal distributor through international expansion, notably in emerging markets.
BBVA reported results for the second quarter of 2019. Net attributable profit increased 5.7% compared to the second quarter of 2018, reaching €1,278 million. Gross income grew 4.2% in constant euros driven by a 10.4% increase in net interest income and 3% growth in net fees and commissions. Efficiency ratio improved 41 basis points to 49% as operating expenses grew below revenue. Sound risk performance continued with cost of risk at 0.91% and NPL ratio down 57 basis points. Capital position remained strong with a CET1 ratio of 11.52%.
BBVA reported strong results for 1Q19, with core revenue growth of 8.0%, operating income growth of 10.2%, and a resilient capital position. Net attributable profit was €1,164 million, down 7.7% from 1Q18 due to higher impairments. Sound risk indicators included a non-performing loan ratio of 3.94% and cost of risk of 1.06%. The CET1 fully-loaded capital ratio was 11.35%, absorbing the impact of IFRS16.
Earnings Release Presentation - Second Quarter 2009 (2Q09).MRVRI
The document summarizes MRV's 2Q09 earnings release. It highlights that MRV had a record quarter for operational and financial indicators. Net income increased 82% from the previous year. Despite record contracted sales, selling expenses decreased 15% from 2Q08. MRV also successfully completed a follow-on offering that raised approximately R$570 million to further strengthen its healthy financial position. Guidance for 2009 forecasts sales between R$2.4-2.9 billion and an EBITDA margin of 24-28%.
- Discover Financial reported a 31% increase in diluted EPS of $1.14 for the fourth quarter of 2015 compared to the prior year. Revenue increased 8% to $2.2 billion, though was down slightly excluding a one-time charge from 2014. The provision for loan losses rose 6% due to a larger reserve build. Expenses were flat as higher professional fees in 2015 offset one-time charges in 2014.
- For the full year 2015, revenue increased 3% while EPS grew 5% compared to 2014. Loan growth and strong credit performance contributed to results, though expenses grew due to investments in compliance. The company will focus on loan growth, expense management, and capital deployment in 2016 to continue delivering
Hyundai Card Corporation reported earnings for 2015, with total assets growing 7.4% to KRW 13.3 trillion but net income declining 16.4% due to increased spending on new member acquisition. While asset quality remained sound, profitability decreased as interest expenses fell but acquisition costs rose. The company sought to enhance its brand and digital services to attract new prime members through upgraded systems and expanded acquisition channels.
1. BBVA reported its first quarter 2015 results with income growth across all regions. Net attributable profit increased significantly both including and excluding Venezuela.
2. Risk indicators continued to improve with the NPL ratio down and coverage ratio up. Capital levels remained strong with fully-loaded leverage ratio of 6.2%.
3. Business activity increased in all regions including Spain where new loan production was more dynamic and the digital transformation plan is ongoing. Income grew in the US, Mexico and South America on strong operating performance.
- Discover Financial Services reported financial results for 3Q16 with diluted EPS up 13% year-over-year to $1.56 per share.
- Revenue was $2.3 billion, up 5% year-over-year, driven by higher net interest income partially offset by higher rewards expenses.
- Operating expenses increased 1% to $895 million due to investments in marketing and regulatory compliance staff, while credit quality remained stable.
- The company repurchased $582 million in stock and remains well capitalized with a Common Equity Tier 1 Capital Ratio of 13.8% under fully phased-in Basel III rules.
This document provides an overview of Samsung including its establishment in 1938 as a trading company, its expansion into various industries, and key subsidiaries like Samsung Electronics. Financial information is presented on Samsung's revenue, operating profit, taxes, interest, net income, assets, liabilities, equity, profitability ratios, and earnings per share for 2011-2012. Samsung's revenue makes up almost 19% of South Korea's GDP and Samsung Electronics employs over 326,000 people.
Ratio Analysis of Samsung Electronics Co. Ltd.Nikita Jangid
This document provides an overview of ratio analysis and its significance. It begins by defining ratio analysis as the process of determining and interpreting numerical relationships based on financial statements. Ratios are calculated by dividing two relevant figures and can be used to assess various aspects of organizational performance such as profitability, liquidity, efficiency, and financial stability. The document then discusses the objectives and types of ratios, how ratios should be calculated and interpreted, and compares ratios to historical standards, industry benchmarks, and budgets. It emphasizes that ratios must be carefully analyzed in context. Finally, the document outlines the significance of ratio analysis for various stakeholders like management, owners, creditors, employees and governments in evaluating financial health and making informed decisions.
Snam reported solid 2015 full year results, with revenues up 2.3% and adjusted net profit up 12.2%. Total investments were €1.54 billion, with €1.27 billion spent on capital expenditures. Operational efficiencies and financial restructuring led to a significant reduction in debt costs. Gas consumption in Italy increased 8.9% in 2015 from the prior year. Snam intends to pay a dividend of €0.25 per share and remains focused on consolidating its leadership role in the European gas infrastructure sector, including through its stake in the Trans Adriatic Pipeline project.
This document summarizes the 2018 full year results of Banca IFIS. Some key highlights include:
- Net income of €146.8 million, impacted by €62 million in one-off provisions and €92 million in purchase price accounting adjustments.
- Customer loans increased to €7.31 billion, with growth in trade receivables, leasing, and non-performing loans.
- Capital ratios remain strong, with a Common Equity Tier 1 ratio of 13.74% for Banca IFIS and 10.30% for La Scogliera group scope.
- The bank expects to continue growing its lending businesses in coming quarters while prudently managing capital levels.
Santander earns €4.61 billion during the first nine months of 2016BANCO SANTANDER
Banco Santander has delivered €4,606 million in attributable profits for the first nine months of 2016, down 22.5% from the same period in 2015 due to the impact of extraordinary items announced in Q2 of this year and Q2 of 2015. Excluding extraordinary items and exchange rate movements, profits grew by 8% year on year to €4,975 million.
- Revenues for Q1 2009 decreased 12% quarter-over-quarter and 9% year-over-year to KRW 3.66 trillion due to declining panel prices.
- The company reported an operating loss of KRW 412 billion for Q1 2009 compared to an operating income of KRW 881 billion in Q1 2008.
- Cash and cash equivalents increased slightly to KRW 3.57 trillion at the end of Q1 2009, and the company expects total LCD shipments and average selling prices to increase in Q2 2009.
- PINE's 3Q13 earnings call highlighted positive revenue contributions from all business lines, a 6% increase in loan portfolio, and a 13.4% ROAE.
- Expenses were well managed, resulting in a 35.7% efficiency ratio. Loan portfolio quality remained high with non-performing loans at 1.2% and adequate credit coverage of 3.4%.
- The diversified funding base increased 11% with continued maintenance of a positive liquidity gap. Capital adequacy was strong at a BIS ratio of 15.9%.
- Banco Santander presented its earnings for January to September 2016. Key metrics included an underlying return on tangible equity of 11.2% and a non-performing loan ratio of 4.15%.
- Gross income increased 2.2% year-over-year on a currency-neutral basis, driven by growth in net interest income and fees. Underlying attributable profit rose 8.4% excluding one-off items.
- Operating expenses declined 1% excluding inflation and perimeter changes through active cost management. Loan-loss provisions were stable at €7.1 billion despite a challenging environment in some markets.
Klöckner & Co SE reported financial results for the third quarter of 2010. Sales volumes were down slightly from the previous quarter but prices seem to have stabilized. EBITDA for Q3 was lower than Q2 due to declining volumes, but the company expects full year sales to increase over 25% from acquisitions and recovery in customer demand. Management outlined a new strategy called Klöckner & Co 2020 to further growth organically and through acquisitions, especially in emerging markets, in order to become the leading global multi-metal distributor and achieve an EBITDA margin above 6% through business optimization.
This document is the 4Q15 earnings release and conference call presentation for a bank. Key highlights include:
- The bank maintained a strong liquidity position with cash of R$1.5 billion.
- Loan portfolio decreased by 29.4% year-over-year to R$6.9 billion due to deleveraging.
- Net interest margin improved slightly to 3.2% compared to 3Q15.
- Personnel and administrative expenses declined 12.6% year-over-year through cost control measures.
- The bank continued liability management with a diversified funding portfolio and adequate terms.
The document is ABC Holdings Limited's 2011 annual report. It provides an overview of ABC Holdings, which is the parent company of a number of banks operating in sub-Saharan Africa. Key highlights from 2011 include total income increasing 21% to BWP659 million, attributable profit to shareholders increasing 24% to BWP83 million, and total assets increasing 53% to BWP9.2 billion. The report also summarizes economic conditions in ABC Holdings' markets in 2011, which generally saw continued growth despite challenges from the global economic slowdown.
Banco Santander's financial report summarizes the company's performance from January to September 2016. Key highlights include an increase in loyal and digital customers, underlying profit growth driven by stable commercial revenues and provisions, and solid capital ratios. Non-performing loans declined while coverage ratios increased. By business area, Continental Europe saw higher profits, the UK saw lower profits due to tax surcharges, Latin America saw higher profits despite currency impacts, and the US saw lower profits due to higher costs and provisions.
This document provides a summary of PINE Bank's 1Q13 earnings release conference call. It discusses the bank's financial highlights for 1Q13, including a 13.2% increase in loan portfolio and 22.4% increase in shareholders' equity compared to 1Q12. It also summarizes key points about the bank's diversified sources of revenue, product offerings, loan portfolio quality, and funding sources. The document demonstrates PINE Bank's continued growth while maintaining a balanced and diversified business profile.
Klöckner & Co - Roadshow Presentation November 2010Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented its financial results and growth strategy through 2020. In Q3 2010, sales increased year-over-year while earnings improved. The company aims to accelerate external growth, boost organic growth, optimize business processes, and strengthen management development. By 2020, Klöckner & Co seeks to become the first truly global multi-metal distributor through international expansion, notably in emerging markets.
BBVA reported results for the second quarter of 2019. Net attributable profit increased 5.7% compared to the second quarter of 2018, reaching €1,278 million. Gross income grew 4.2% in constant euros driven by a 10.4% increase in net interest income and 3% growth in net fees and commissions. Efficiency ratio improved 41 basis points to 49% as operating expenses grew below revenue. Sound risk performance continued with cost of risk at 0.91% and NPL ratio down 57 basis points. Capital position remained strong with a CET1 ratio of 11.52%.
BBVA reported strong results for 1Q19, with core revenue growth of 8.0%, operating income growth of 10.2%, and a resilient capital position. Net attributable profit was €1,164 million, down 7.7% from 1Q18 due to higher impairments. Sound risk indicators included a non-performing loan ratio of 3.94% and cost of risk of 1.06%. The CET1 fully-loaded capital ratio was 11.35%, absorbing the impact of IFRS16.
Earnings Release Presentation - Second Quarter 2009 (2Q09).MRVRI
The document summarizes MRV's 2Q09 earnings release. It highlights that MRV had a record quarter for operational and financial indicators. Net income increased 82% from the previous year. Despite record contracted sales, selling expenses decreased 15% from 2Q08. MRV also successfully completed a follow-on offering that raised approximately R$570 million to further strengthen its healthy financial position. Guidance for 2009 forecasts sales between R$2.4-2.9 billion and an EBITDA margin of 24-28%.
- Discover Financial reported a 31% increase in diluted EPS of $1.14 for the fourth quarter of 2015 compared to the prior year. Revenue increased 8% to $2.2 billion, though was down slightly excluding a one-time charge from 2014. The provision for loan losses rose 6% due to a larger reserve build. Expenses were flat as higher professional fees in 2015 offset one-time charges in 2014.
- For the full year 2015, revenue increased 3% while EPS grew 5% compared to 2014. Loan growth and strong credit performance contributed to results, though expenses grew due to investments in compliance. The company will focus on loan growth, expense management, and capital deployment in 2016 to continue delivering
Hyundai Card Corporation reported earnings for 2015, with total assets growing 7.4% to KRW 13.3 trillion but net income declining 16.4% due to increased spending on new member acquisition. While asset quality remained sound, profitability decreased as interest expenses fell but acquisition costs rose. The company sought to enhance its brand and digital services to attract new prime members through upgraded systems and expanded acquisition channels.
1. BBVA reported its first quarter 2015 results with income growth across all regions. Net attributable profit increased significantly both including and excluding Venezuela.
2. Risk indicators continued to improve with the NPL ratio down and coverage ratio up. Capital levels remained strong with fully-loaded leverage ratio of 6.2%.
3. Business activity increased in all regions including Spain where new loan production was more dynamic and the digital transformation plan is ongoing. Income grew in the US, Mexico and South America on strong operating performance.
- Discover Financial Services reported financial results for 3Q16 with diluted EPS up 13% year-over-year to $1.56 per share.
- Revenue was $2.3 billion, up 5% year-over-year, driven by higher net interest income partially offset by higher rewards expenses.
- Operating expenses increased 1% to $895 million due to investments in marketing and regulatory compliance staff, while credit quality remained stable.
- The company repurchased $582 million in stock and remains well capitalized with a Common Equity Tier 1 Capital Ratio of 13.8% under fully phased-in Basel III rules.
This document provides an overview of Samsung including its establishment in 1938 as a trading company, its expansion into various industries, and key subsidiaries like Samsung Electronics. Financial information is presented on Samsung's revenue, operating profit, taxes, interest, net income, assets, liabilities, equity, profitability ratios, and earnings per share for 2011-2012. Samsung's revenue makes up almost 19% of South Korea's GDP and Samsung Electronics employs over 326,000 people.
Ratio Analysis of Samsung Electronics Co. Ltd.Nikita Jangid
This document provides an overview of ratio analysis and its significance. It begins by defining ratio analysis as the process of determining and interpreting numerical relationships based on financial statements. Ratios are calculated by dividing two relevant figures and can be used to assess various aspects of organizational performance such as profitability, liquidity, efficiency, and financial stability. The document then discusses the objectives and types of ratios, how ratios should be calculated and interpreted, and compares ratios to historical standards, industry benchmarks, and budgets. It emphasizes that ratios must be carefully analyzed in context. Finally, the document outlines the significance of ratio analysis for various stakeholders like management, owners, creditors, employees and governments in evaluating financial health and making informed decisions.
Ratio analysis involves calculating relationships between financial statement items to interpret a firm's financial condition and performance. Ratios can be classified into liquidity, capital structure, profitability, and activity ratios. Liquidity ratios measure short-term solvency, capital structure ratios measure long-term solvency, profitability ratios measure operating efficiency and returns, and activity ratios measure asset utilization and efficiency. Ratios are compared over time, against industry standards, or between firms to identify strengths, weaknesses, and trends.
Pidilite Industries Limited has been a pioneer in consumer and specialties chemicals in India since 1959. It is the market leader in India for adhesives, sealants, construction chemicals, and other products. The company has an annual turnover of about $350 million and is focused on growing internationally through acquisitions and new facilities. Pidilite prioritizes strong customer relationships and innovation to drive its success.
Financial statement analysis involves analyzing a company's financial statements to assess its performance and financial position. It is used to evaluate factors like profitability, solvency, liquidity, and efficiency. Key tools for financial statement analysis include financial ratios, common size analysis, trend analysis, and comparisons to industry standards and past performance. The purpose is to provide useful information to decision makers about a company's historical performance, current condition, and future prospects.
The document discusses various types of ratios used in ratio analysis for evaluating the financial performance and position of a business. It provides definitions and interpretations for liquidity ratios like current ratio and quick ratio, solvency ratios like debt-equity ratio and proprietary ratio, activity ratios like stock turnover ratio and debtor turnover ratio, and profitability ratios like gross profit ratio, net profit ratio, and return on capital employed. Formulas and ideal ratios are given for each type of financial ratio.
Project report on Financial Statement Analysis and interpretation of A CompanyPinkey Rana
This document provides a project report on the financial statement analysis and interpretation of C.B Enterprises conducted as a summer training. It includes an introduction to the company S.D Gupta & Company, the objectives of analyzing and interpreting financial statements, and an overview of the key components of financial statements including the balance sheet, income statement, and financial ratios. The report then presents an analysis of the financial statements and ratios of C.B Enterprises for 2014-2015, including comparisons between the two years. It finds that while the company's liquidity position is good, many of its ratios related to profitability, expenses, and returns are below industry standards. The report concludes with recommendations for improving the company's performance.
Solvay 9 months 2018 results - PresentationSolvay Group
Solvay published on November 8, 2018 its first nine months 2018 results. Earnings toolkit and press release are available here: https://www.solvay.com/en/event/nine-months-2018-earnings
Santander cautions that its presentation contains forward-looking statements that are subject to risks and uncertainties. Key risks include general economic trends, financial market movements, competitive pressures, technological developments, and changes in customer creditworthiness. Santander's performance in the first half of 2015 saw growth in gross income, costs stable in real terms excluding acquisitions, lower provisions, and improved profitability and capital ratios. Loan and deposit volumes increased year-on-year across most countries. Credit quality continued to improve with declining NPL ratios.
Banca Ifis reported 9M 2020 results with the following key highlights:
- Net income of €52 million for 9M 2020, within guidance range despite COVID-19 impacts
- Resilient profitability with all quarters of 2020 profitable
- €47 million in COVID-19 related provisions for 9M 2020 to reflect potential longer timeframes and lower recoveries
- CET1 ratio of 11.7%, up 0.7% from year-end 2019 after excluding suspended dividends and 9M net income
Banca Ifis reported its 1H 2019 results, with net income of €38 million. Key highlights included a CET1 ratio of 10.81% and continued growth in the NPL and trade receivables businesses. Management remains focused on capital strengthening and the industrial plan to be presented in the autumn.
The document is Banco PINE's 3Q09 earnings release which highlights the following:
- Loan portfolio and deposits expanded in 3Q09 as the economic scenario gradually improved. Non-performing loans declined 40 bps.
- Operating income increased 9.1% in 3Q09 driven by growth in the corporate loan portfolio and total deposits. Financial margin was impacted by deleveraging and lower interest rates but would be 80 bps higher excluding early payroll loan repayments.
- Loan portfolio quality remains high with 96.8% of loans rated AA-C in September. The coverage ratio of non-performing loans was 100.2%.
- Capital adequacy ratio was a comfortable
- Banco Santander presented its 1Q'16 earnings and provided an overview of performance by business area.
- For Spain, net interest income was up driven by lower cost of deposits and fee income grew, while costs were down and loan loss provisions decreased.
- The United Kingdom saw growth in lending to individuals and deposits, while costs decreased and asset quality improved.
- In Brazil, lending growth was supported by individuals and SMEs, while revenues grew and costs decreased despite higher inflation.
Banca Ifis reported 1H 2020 results with net income of €37 million. This included €36 million in pre-tax provisions/write-offs due to Covid-19, which had broader direct and indirect impacts estimated at €50 million pre-tax. CET1 ratio increased to 11.58% excluding suspended dividends. Preliminary 2020 guidance estimates net income of €50-65 million assuming macro recovery, with net banking income of €420-440 million and loan loss provisions of €100-85 million. Acquisitions of €1.3 billion of NPLs in 1H 2020 and €1.3 billion NPL portfolio as of July will contribute to future profitability.
1) Santander cautions that its presentation contains forward-looking statements that are subject to risks and uncertainties.
2) Santander's 2014 results showed strong profit growth of 39% driven by higher net interest income, fee income and lower provisions despite negative foreign exchange impacts.
3) Santander exceeded its 2014-2016 efficiency plan targets, achieving cost savings of €1,188 million in the first year through initiatives in Brazil, Spain, central services and other units.
Deutsche Telekom presented its H1 2023 results, showing continued organic growth. Group service revenues grew 2.9% organically while adjusted EBITDA increased 5.8% organically. Free cash flow after leases was up 10.9% to €7.1 billion. Deutsche Telekom raised its 2023 EBITDA guidance for both its US and European operations. The company continues expanding its fiber and 5G networks, with over 15 million European households now passed with fiber and strong 5G coverage gains in Germany and Europe. Deutsche Telekom also strengthened its climate targets to achieve net-zero emissions across its full value chain by 2040.
Klöckner & Co - Roadshow Credit Suisse, August 9, 2013Klöckner & Co SE
Gisbert Rühl, CEO of Klöckner & Co SE, presented at a Credit Suisse roadshow in London on August 9, 2013. Klöckner & Co is a leading multi-metal distributor that has faced declining steel markets in Europe and the US. The presentation summarized Klöckner & Co's financial results for Q2 2013, noting turnover was down 9.3% year-over-year due to market declines and restructuring. EBITDA increased to €43 million due to cost cuts of €24 million from restructuring measures. Restructuring is far advanced with 60 of 70 sites closed, and outlook expects operating EBITDA of €30-40 million for
Klöckner & Co - Credit Suisse Global Steel and Mining Conference, September 1...Klöckner & Co SE
The CEO of Klöckner & Co SE presented at the Credit Suisse Global Steel and Mining Conference in London on September 19, 2013. The presentation summarized that while steel markets declined, especially in Europe, Klöckner improved its EBITDA margin through extensive restructuring measures. Over 1,800 of 2,000 targeted job cuts and the closure of 60 out of 70 sites were completed. The restructuring contributed €17 million to EBITDA in Q2 2013 and €29 million in the first half of the year. For full year 2013, Klöckner aims to reach the prior year's operating EBITDA level of €140 million despite a weaker first half, through continued restructuring.
- Banca IFIS reported net income of €16 million in 3Q 2019, down from €38 million in 2Q 2019 due to seasonal effects in the NPL business and a physiological decline in positive valuation adjustments (PPA).
- CET1 capital ratio increased to 11.1% at the end of 3Q 2019, above the bank's SREP requirement of 8.12%.
- Total customer loans decreased slightly to €7.1 billion due to lower trade receivables, while deposits grew to €5.3 billion, demonstrating the bank's strong funding position.
Klöckner & Co - UBS Best of Germany Conference, September 17, 2013Klöckner & Co SE
- Klöckner & Co's Q2 2013 financial results showed declines in turnover, sales, and gross profit compared to Q2 2012 due to weak steel markets and ongoing restructuring efforts. The EBITDA of €43m met guidance due to cost reductions from restructuring measures.
- Turnover decreased 9.3% to €1,698m and sales decreased 13.5% to €1,690m as a result of market declines, site closures, and exiting low-margin business. However, the gross margin improved.
- Restructuring measures have significantly reduced costs and are on track to achieve the targeted annual EBITDA impact of around €160m, with €17m
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
Snam reported strong results for the first nine months of 2020, with EBITDA of €1.67 billion, a slight increase over the same period last year. While gas demand decreased 8.5% due to the impacts of COVID-19, efficiency measures helped offset costs. New investments in renewable gas and hydrogen contributed to revenue growth. Looking ahead, Snam confirmed its full-year 2020 net profit guidance and continues progressing on its energy transition strategy.
This document provides a financial report for Banco Santander for the first half of 2013. Some key highlights include:
- Attributable profit of €2,255 million for H1 2013, up 28.9% from H1 2012.
- Core capital ratio of 11.11% as of June 2013, up from previous quarter.
- Agreement reached to boost Santander's asset management business by partnering with two investment firms.
- Business volumes grew across most regions, especially in Brazil and Latin America.
- Provisions stabilized or decreased across most areas except Spain.
- Santander was recognized as the "Sustainable Global Bank of the Year."
This document provides highlights from Itaú Unibanco Holding's 1st quarter 2013 earnings call. Key points include:
- Recurring net income increased 0.3% from the previous quarter to R$3.5 billion, with a recurring ROE of 19.1%.
- Managerial financial margin totaled R$11.5 billion, down from R$11.7 billion in 4Q12 and R$12.6 billion in 1Q12.
- Credit quality improved with the 90-day NPL ratio down 30 bps from 4Q12 and 60 bps from 1Q12, while allowance for loan losses decreased 14% from 4Q12.
The document summarizes the financial results of a bank for the second quarter of 2012. Some key highlights include:
- Recurring net income reached R$3.6 billion, an 8.1% increase over the second quarter of 2011.
- The loan portfolio grew 3.6% over the previous quarter to R$432.7 billion, a 15.2% increase from a year ago.
- Non-interest expenses increased 3.2% over the previous quarter and operating revenues grew 1.8%.
- The 90-day non-performing loan ratio increased to 5.2% from the previous quarter.
The document provides an overview of Banco Santander's financial performance for the first nine months of 2011. Some key points:
- Profits were down 13% compared to the same period last year, impacted by lower revenues from financial markets and higher provisions for loan losses in the current economic environment.
- However, the bank has maintained solid basic revenue generation driven by growth in Latin America, consumer finance, and the acquisition of BZ WBK.
- Liquidity and capital positions remain strong, with capital gains expected in Q4 that will be used to further strengthen the balance sheet.
- Expenses are being tightly controlled to offset pressure on revenues, though costs related to acquisitions
Similar to Angel Ron: Banco Popular Third Quarter 2010 Results Crisis (20)
Popular Finanza ha otorgado premios de hasta 23.000€ cada uno a tres proyectos para la integración laboral de personas con discapacidad presentados por la Fundación MIFAS, la Asociación Española de Esclerosis Lateral Amiotrófica y la Asociación Madrileña de Amigos y Familiares de Personas con Esquizofrenia. Estos proyectos beneficiarán a un total de 160 personas con discapacidad a través de formación, apoyo y creación de oportunidades laborales. Popular continúa su iniciativa Proyectos Impulso
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
El Banco Popular Español ha sido incluido en el índice FTSE4Good, que incluye compañías que cumplen con estrictos criterios ambientales, sociales y de gobierno. FTSE Russell confirmó que Popular cumplió de forma independiente con los requisitos para formar parte de este índice global, que identifica empresas que minimizan su impacto ambiental y protegen los derechos humanos. La inclusión de Popular en este índice reafirma su compromiso con la responsabilidad corporativa.
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
El Banco Popular y la Confederación Española de Organizaciones de Panadería (CEOPAN) han firmado un acuerdo de colaboración en el que Popular pondrá a disposición de CEOPAN productos financieros específicos para panaderías. Un 20% de las panaderías asociadas a CEOPAN son clientes de Popular. Además, Popular colaborará con el proyecto "Espigas" de CEOPAN para fomentar el consumo y la cultura del pan. Popular gestiona 54 acuerdos nacionales con asociaciones y grupos empresarial
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
El banco Popular ha completado una nueva emisión de bonos hipotecarios por 750 millones de euros a 6 años, obteniendo una demanda positiva del 66% de inversores internacionales y el 34% restante de inversores nacionales. En total, Popular ha emitido 5.050 millones de euros en 2015, incluyendo 500 millones en deuda senior, 3.000 millones en bonos hipotecarios, y 750 millones en deuda adicional de nivel 1.
Popular gana 188 millones de euros, un 7,2% másBanco Popular
El banco Popular ganó 188 millones de euros en el primer semestre de 2015, un 7,2% más que el año anterior. La nueva contratación de crédito aumentó un 19,9% y la cuota de mercado en crédito mejoró 31 puntos básicos hasta el 7,64%. Además, el crédito a pymes y autónomos creció un 32,5%. La ratio de mora descendió por sexto trimestre consecutivo hasta el 13,24% y las provisiones netas disminuyeron un 33,9%.
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
Banco Popular ha lanzado un nuevo seguro de ahorro a largo plazo llamado Ahorro Bonificado Creciente SIALP que ofrece una rentabilidad garantizada del 2% para 2015. Este producto está dirigido a clientes que quieran constituir capital para el medio y largo plazo con ventajas fiscales, ya que los rendimientos están exentos de impuestos si han pasado cinco años desde la primera aportación. El seguro ofrece flexibilidad para realizar aportaciones periódicas o extraordinarias hasta un máximo anual de 5.000 euros
Ángel Ron y el Popular lanzan sus nuevas hipotecasBanco Popular
Banco Popular lanza nuevas hipotecas, incluyendo la Hipoteca Premium a través de sus sucursales con un diferencial de Euribor +1.59% y la Hipoteca Bonificada a través de su filial de banca online Oficina Directa con un diferencial de Euribor +1.55%. Ambas ofrecen tipos de interés bonificados el primer año, sin comisiones de apertura ni gastos de estudio, un plazo máximo de 30 años e importes financiados de hasta el 80% del valor de tasación.
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
Los deportistas que recibieron becas del programa Impulso al Deporte de Banco Popular y la Asociación de Deportistas visitaron el Hospital San Rafael de Madrid para entregar juguetes a los niños enfermos. Ocho deportistas becados como Karima Sánchez, Nacho Llovet, Javier Cienfuegos, Kelvin de la Nieve, Laura García, Óscar Perales, Anna Sanchís y Tita Torró, junto con Cayetano Martínez de Irujo y Manel Berdonce, visitaron a niños de 0 a 14 años para compartir los valores
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.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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2. Disclaimer
This presentation has been prepared by Banco Popular solely for purposes of information. It
may contain estimates and forecasts with respect to the future development of the businessmay 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 tocoincide 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
i il f t t th fi i l lt t diff f th ti t d f tsimilar 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
it t h tcommitment whatsoever.
2
3. Agenda
1. Summary remarks and financial highlights1. Summary remarks and financial highlights
2. Revenues and operating performance
3. Business drivers
4. Risk management
5 Liquidity and balancing assets and liabilities5. Liquidity and balancing assets and liabilities
6. Financial Strength and Basel III
7. Closing remarks and outlook
3
4. Summary remarks 9M-2010
€521m net profit. 19.9% down y/o/y.
Results to date as planned and guided: lower NII and lower
Credit Provisions.
St ti f t €1 530 i i Strong generation of recurrent revenues. €1,530m provisions,
so far this year, devoted to Credit & Real Estate, only partially
compensated by the Crédit Mutuel transaction and other gains.
NPL trends look stable. Our bad debt ratio remains below the
industry.
The crisis however is far from over yet. That is why we keep
building reserves.
B t i thi h ll i ti P l k i & i i But in this challenging times, Popular keeps growing & gaining
quality market share.
4
5. Financial Highlights
To To Change Change
(€, million)
To
Sept-10
To
Sept-09
Change
(€m)
Change
(%)
Net interest income 1,895 2,120 -225 -10.6%
Fees and commissions 559 579 -20 -3.5%
Trading income 107 243 -136 -56.0%
Other income 104 82 +22 +27.1%
Gross operating income 2 665 3 024 359 11 9%Gross operating income 2,665 3,024 -359 -11.9%
Expenses 962 956 +6 +0.7%
Pre-provisioning profit 1,703 2,068 -365 -17.7%
Provisioning expense (net) -29 -25 -4 16.7%
Provisions for loans and
investments 1,070 1,223 -153 -12.5%
Extraordinary items , net 60 48 +12 +27.7%
Profit before tax 722 918 -196 -21.3%
Net profit 521 651 -130 -19.9%
Non-performing ratio 5.17% 4.63% - +54 b.p.
Effi i i 33 49% 29 06% 4 43Efficiency ratio 33.49% 29.06% - +4.43 p.p.
Loans to deposits ratio 151.0% 170.2% - -19.2 p.p.
Core Capital 8.7% 7.8% - +81 b.p.
5
6. Agenda
1. Summary remarks and financial highlights1. Summary remarks and financial highlights
2. Revenues and operating performance
3. Business drivers
4. Risk management
5 Liquidity and balancing assets and liabilities5. Liquidity and balancing assets and liabilities
6. Financial Strength and Basel III
7. Closing remarks and outlook
6
7. NII declines in line with expectations as a consequence of the yield curve,
asset-liabilities repricing mismatch and the higher cost of funding
Net interest income NII Impact from Rates, Spreads and Balances
(€, million)
-10.6%
Balances Rates Spreads NII
(€, million)
1,895
2,120
10.6%
34141
244
Assets
1,895
-225
-363
-244
Liabilities
+1.9% -17.1% +4.6% -10.6%
Average monthly Euribor 12 months to Sep-09: 3.63%
Sep-09 Sep-10
Average monthly Euribor 12 months to Sep 09: 3.63%
Average monthly Euribor 12 months to Sep-10: 1.33%
7
8. Popular maintains the highest NIM amongst peers despite the tough
competitive environment
Net interest margin (9M-10)
1 99%2.06%
Net interest margin (9M 10)
1.58%
1.99%2.06%
1.07%
Bank 1 Bank 2 Bank 3
8
Source: Quarterly reports.
Note: Comparable banks include, Banesto, Sabadell and Bankinter.
9. Fees remain under pressure, though banking fees are already mildly
growing while AuM fees stabilizes
FeesFees
(€, million)
-3 5%
54 33
579 559
-39.3%
-3.5%
116 114
86 80
323 332
1 6%
+2.8%
-7.3%
Doubtful loans fees excluded, ordinary
banking commissions marginally up
116 114
AuM fees Payment handling
Other banking fees Fees doubtful loans
Sep 09 Sep 10
-1.6%
Other banking fees Fees doubtful loans
9
10. 9M-10 Trading profits have been lower. Other revenues up by 27.1%
Trading profits
(€, million)
Other income
(€, million)
243
(€, million)
-56.0%
(€, million)
107
82
104
27.1%
Sep 09 Sep 10 Sep 09 Sep 10
10
11. Costs remain under control though slightly up due to the sale & lease
back expenses
Costs evolution
962
(€, million)
+0.7%
285 274
80 104
956 962
591 584
Excluding sale and lease back, costs 2.0%
down
591 584
Sep-09 Sep-10
Personnel costs Other costs Rental costs
11
12. Our pre-provisioning profit provides us an exceptional capacity to set
aside provisions for this adverse cycle
Pre-provision profitp p
(€, million)
-€365m
2,068
1,703
Lower net interest income: -€225m
Lower trading income: -€136m
Sep 09 Sep 10
12
13. In relative & absolute terms, our Pre-provision profit stands again well
above other banks
9M-10 Pre-provisioning profit/Gross loans(*)9M-10 Pre-provisioning profit
(€, million)
2 50%
1,167
1,703
1.26%
1.97%
2.34%2.50%
937
381
Bank 1 Bank 2 Bank 3Bank 1 Bank 2 Bank 3
13
Source: Quarterly reports and analysts reports.
Note: Comparable banks include, Banesto, Sabadell and Bankinter.
(*) Annualised quarterly pre-provisioning profit/ 9 months average loans to customers.
14. On provisions, as advised and planned for 2010, we booked in 9M-10
less specific provisions and we release less countercyclical
Provisions
(€ illi )(€, million)
1 223
-12.5%
129
34
1,223
1,070
S ifi i i
1,240
1,479
Specific provisions:
€239m down y/o/y
204
385
Sep-09 Sep-10
Use of countercyclical
provisions 47% down y/o/y
€618m countercyclical
Specific and other (*) Countercyclical Investments
p p €618m countercyclical
provisions still available
14
(*) Net of Country Risk and Recoveries from written off loans.
N.B: Impact of the New Circular: -€38m.
15. On the extraordinary front, we keep largely compensating Real Estate provisions
(ahead of timetable to take the coverage of non current assets available for sale over
the current mandatory levels) with capital gains and profits in other Real Estate
assetsassets
E t ao dina items(*)
(€, million)
60
Extraordinary items(*)
325
519
48 Real Estate profits: €152m
Balance: CM joint venture, €367m
325
459
277
Real Estate provisions being the most
adversely impacted by the new circular:
over €238m in the third quarter
Sep-09 Sep-10
q
Non financial assets and available for sale properties allowances
Profits on real estate sales and CM joint venture
15
16. All in all, net profit at €521m
(€ illi )
Net attributable profit
(€, million)
651
-€130m
521
651
….€130m below 9M2009, but bear in
i dmind….
Lower net interest income: €225m (A)
Lower trading income: €136m (A)
New BofSpain Circular,€276m (A)p ( )
Sep-09 Sep-10
16
(A): Adverse. Gross figures.
17. P&L Recap.
(€, million)
To
Sep-10
To
Sep-09
Change
(€m)
Change
(%)
Net interest income 1,895 2,120 -225 -10.6%
Fees and commissions 559 579 -20 -3.5%
Trading income 107 243 -136 -55.9%Trading income 107 243 136 55.9%
Other income 104 82 +22 +27.1%
Gross operating income 2,665 3,024 -359 -11.9%
Expenses 962 956 +6 +0.7%
Pre-provisioning profit 1,703 2,068 -365 -17.7%
Provisioning expense (net) -29 -25 -4 16.7%
Provisions for loans and
investments 1,070 1,223 -153 -12.5%
Extraordinary items , net 60 48 +12 +27.7%
P fit b f t 722 918 196 21 3%Profit before tax 722 918 -196 -21.3%
Net profit 521 651 -130 -19.9%
17
18. Agenda
1. Summary remarks and financial highlights1. Summary remarks and financial highlights
2. Revenues and operating performance
3. Business drivers
4. Risk management
5 Liquidity and balancing assets and liabilities5. Liquidity and balancing assets and liabilities
6. Financial Strength and Basel III
7. Closing remarks and outlook
18
19. Despite tough economic conditions, our loan book grew by 1.6%. We
are capturing quality market share
Loans evolution: another market share gain (+ 20 b.p)(1)
(€ million)(€, million)
+1.6%
97 99696,491 97,996
We have increased especially in SMEs:
45 400 SME i 9M201045,400 new SMEs in 9M2010
Sep-09 Sep-10
(1) As of August-10 Bank of Spain
19
(1) As of August-10. Bank of Spain.
N.B: Average growth of banks and saving banks as of August 2010: -0.5%.
20. We are managing spreads and we are able to increase them
Ability: Loans Yields
5.54%
5.01%
4.44%
4.20% 4.00% 4.00%
1.84%
3.70%
2.73%
1 83%
2.73%
1.83%
1.43% 1.29% 1.27%
2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 3Q 10
Average Euribor 12 months Spread
Capacity: Low duration of lending book
96,941 97,996
€39,098m
96,941 ,
58,898
20
Sep-09 Sep-09 with maturity
beyond Sep-10
Sep-10
21. On deposits, we have achieved an exceptional 13.4% retail deposit
growth (ex-repos) y/o/y. 21.5% with repos
Client deposit evolution: another market share gain (+42 b.p)
(€, million)
58,990
13.4 %
38,826
31 817
52,016
,
141,000 new customers
retail & well diversified :
EUR 40,000 average
20 16420 199
31,817
deposit per contract
€6,486m reduction of the
commercial gap y/o/y
20,16420,199
Sep-09 Sep-10
Current accounts Others
21
Source: Bank of Spain. Data as of August-10.
N.B: Average growth of Spanish industry as of August 2010: 0.7%.
23. Agenda
1. Summary remarks and financial highlights
2. Revenues and operating performance
3. Business drivers
4. Risk management
5. Liquidity and balancing assets and liabilities
6. Financial Strength and Basel III
7. Closing remarks and outlook
23
g
24. Net entries stabilize at lower levels
P l NPL ti t l th (b )
102
Popular NPL ratio quarterly growth (b.p)
1,502
Evolution of net entries of NPLs
(€, million) 57
24 18
10 13 13
881
1Q09-
4Q08
2Q09-
1Q09
3Q09-
2Q09
4Q09-
3Q09
1Q10-
4Q09
2Q10-
1Q10
3Q10-
2Q10
556
406
337
539
386
Peer’s average NPL ratio quarterly growth (b.p.)*
1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 3Q 10
40
25 252628
33
25 252621
28
33
1Q09-
4Q08
2Q09-
1Q09
3Q09-
2Q09
4Q09-
3Q09
1Q10-
4Q09
2Q10-
1Q10
3Q10-
2Q10
24
(*) Average peers: Banesto, Sabadell and Bankinter.
25. Our NPL ratio is below the industry’s and within the guidance. Early
indicators follows the right trend
Banco Popular’s late/missed payment
(30-90 days past dues) index evolution(1)NPL ratio evolution
Average Spanish
94.20%
86.80%
93.80%
105.30%
89.00%
100.00%
86.60%
76 90%
5.17%
3.82%
4.39%
4.63% 4.81% 4.91% 5.04%
Average Spanish
industry 5.60%*
65.40%
66.66%
67.72%
67.86%
58.41%
72.46%
72.86%
76.20%
76.90%
62.96% 60.47%
61.67%
55.10%
60.65%
62.45%
dec-08
jan-09
feb-09
mar-09
apr-09
may-09
jun-09
jul-09
aug-09
sep-09
oct-09
nov-09
dec-09
jan-10
feb-10
mar-10
apr-10
may-10
jun-10
jul-10
ago-10
sep-10
mar-09 jun-09 sep-09 dec-09 mar-10 jun-10 sep-10
(*) Average of banks and saving banks as of August 2010. Other resident sectors. Source: Bank of Spain.
25
(1)Note: Index shows evolution of € volume of Banco Popular’s clients who have missed or defaulted
payments (30-90 days) but are not yet “non performing” according to Bank of Spain regulations. Base of as
December 2008. Data as of the beginning of each month.
26. Our coverage stands as of Sep-10 at 97.2% of the NPL stock
Reserve built Coverage analysisReserve built
(€, million)
928
Coverage analysis
(€, million)
Coverage: 97.2%
2,358
2,787
5,928
2,972
5,759
Effective
Collaterals
including
h i
1,9201,377
2 787
,
BoS haircut
Provisions
981
618
2009 2010
2,787
NPLs (*) Effective collateral + B-S
provisions
Provisions
Countercyclical provisions Specific allowances & other
provisions
26
(*) NPLs include EUR 1,419m of doubtful loans where the Spanish Provisioning Calendar does not apply.
27. Our net Assets Available for Sale stands at €2.9bn: 25.3% coverage provisions
on book value already reached.
We estimate these assets are 44% off peak prices
Assets available for sale. Book values
(€, million)
Purchases: discount* over peak price
(2007/2008)
( , )
2 556 2,735
2,755
2,943
57%
40%
41%
2,875
601
686
798 930
2,5272,4552,3332,3122,2621 9701 686
1,3221,2301,106
Buildings Developed land Average RE portfolio
2,002
2,273
2,556 ,
1,9701,686
974742684507504383285
Gross repossessions: discount* over peak price
(2007/2008)
1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 3Q 10
Purchases Total provisions Gross repossessions
49% 45% 47%
Buildings Developed land Average RE portfolio
27
(*) Discount =(Acquisition price net of provisions)/ Peak price of the asset (2007/2008), based on a large
representative sample.
28. Agenda
1. Summary remarks and financial highlights1. Summary remarks and financial highlights
2. Revenues and operating performance
3. Business drivers
4. Risk management
5 Liquidity and balancing assets and liabilities5. Liquidity and balancing assets and liabilities
6. Financial Strength and Basel III
7. Closing remarks and outlook
28
29. On liquidity. 1st: In spite of growing our loans we have reduced our commercial
gap thanks to the capture of retail deposits. Our loan to deposit ratio stands
now at 151% down, from 249% three years ago …
Evolution of the commercial gap Loans/deposits ratio*
47 693
50,752 213%
249%
-€6,486m
30,026
36,513
47,693
170%
151%
Sep-09 Sep-10 Sep-09 Sep-10Sep-08 Sep-08Sep-07 Sep 07Sep-09 Sep-10 Sep-09 Sep-10Sep-08 Sep-08Sep-07 Sep-07
29
*Note: ex all repurchasing agreements.
30. 2nd: The improvement in the commercial gap has enabled us to reduce
wholesale funding from €31.5bn to €26.8bn, 15% down y/o/y
Funds breakdown (Sep-10): €96.0bnFunds breakdown (Sep-09): €92.4bn
Wholesale
Retail funds
61%
Wholesale
Retail funds
68%
Wholesale
funding
(€31.5 bn)
34%
Wholesale
funding
28%
(€26.8bn)
Official institutions
5%
Official institutions*
4%
30
* As of Sep-10 no ECB borrowing.
31. 3rd: We have extended maturities. In the 3Q 10, we have been able (i) to tap
the long term wholesale markets and (ii) to extend maturities
Date Actions
Value
(€m)
Sep/10 3 years covered bonds 700
Sep/10
Short term covered bonds and senior
debt exchanged into a new 5 year
covered bond
1.750
Short term LT2 subordinated debt
Oct/10
Short term LT2 subordinated debt
exchanged into 10 years LT2
200
31
32. Following all these actions, the picture is as follows: (i) short term
maturities decreased by €3.2bn in one year and (ii) average maturity is
now 35.2 months
Wholesale funding breakdown (Sep-10)Wholesale funding breakdown (Sep-09)
InterbankSecuritization
Subordinated debt
6%
ECP
7%
ECP
17%
Securitization
6%
Subordinated debt
6%
Funds
11%
5%
6%
Interbank
funds
5%
EMTN
22%
Covered
bonds
49%
EMTN
Covered
bonds
39%
27%
Wholesale funding: €31.5bn
Average maturity: 30.7 months
Wholesale funding: €31.5bn
Average maturity: 30.7 months
Wholesale funding: €26.8bn
Average maturity: 35.2 months
Wholesale funding: €26.8bn
Average maturity: 35.2 months
32
33. On top, we keep a €15bn second line of liquidity which covers extreme
scenarios. ECB unused as at 30/09. €4bn GGB unused
Long and medium term debt maturities and
second line of liquidity (Cash basis)second line of liquidity (Cash basis)
(€, million)
15,097
€15,792m
6,579
860725
2,826 2,756
2,046
2010 2011 2012 2013 2014 2015 Second
line of
liquidity
EMTN Covered bonds Securitization EMTN GGB
33
EMTN Covered bonds Securitization EMTN GGB
34. … and the average cost of wholesale funding remains reasonable,
given the current market conditions
Wholesale interest costs
2 77%
1 33%
1.59%1.52%1 44%
2.40%
2.77%
1.33%1.52%1.44%
2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 3Q 10
34
35. Agenda
1. Summary remarks and financial highlights1. Summary remarks and financial highlights
2. Revenues and operating performance
3. Business drivers
4. Risk management
5 Liquidity and balancing assets and liabilities5. Liquidity and balancing assets and liabilities
6. Financial Strength and Basel III
7. Closing remarks and outlook
35
36. On Basel III: We have a good core capital ratio. No need to deleverage. No
issues with s/t liquidity and LTSF within easy reach probably ahead of
timetable
On stress test: passed with excessOn stress test: passed with excess
Core capital
8.7%
8.4% Core capital : €8.0bn
7.8%
Surplus capital over BIS: €1.3bn
European banks Spanish banks
Leverage ratio: 14.53x
*average average*
36
* Spanish banks include: Banesto, Sabadell, Bankinter, BBVA and Santander.
Data as of Sep-10.
37. Agenda
1. Summary remarks and financial highlights1. Summary remarks and financial highlights
2. Revenues and operating performance
3. Business drivers
4. Risk management
5 Liquidity and balancing assets and liabilities5. Liquidity and balancing assets and liabilities
6. Financial Strength and Basel III
7. Closing remarks and outlook
37
38. Summary remarks 9M 2010
€521m net profit. 19.9% down y/o/y.
Results to date as planned and guided: lower NII and lower
Credit Provisions.
St ti f t €1 530 i i Strong generation of recurrent revenues. €1,530m provisions,
so far this year, devoted to Credit & Real Estate, only partially
compensated by the Crédit Mutuel transaction and other gains.
NPL trends look stable. Our bad debt ratio remains below the
industry.
The crisis however is far from over yet. That is why we keep
building reserves.
B t i thi h ll i ti P l k i & i i But in this challenging times, Popular keeps growing & gaining
quality market share.
38
39. Outlook
While the crisis is not over, we will keep reinforcing our
provisions.
Popular expects full year results to be in line with the current
market consensus .
We still expect NPL to peak below 5.5%.
We remain extremely confident about (i) the proven resilience of
our business model, (ii) our capacity to generate recurrent
operating profit and (iii) our financial strength which will enable
us to take advantage of market opportunitiesus to take advantage of market opportunities.
39