The document summarizes the 1Q10 results of a Brazilian financial institution. Credit volume grew moderately year-over-year, with growth in individual lending supported by payroll loans and vehicle/real estate financing. The corporate loan portfolio remained steady. Default rates declined gradually. Funding increased through longer-term time deposits. Net income improved due to higher revenues and lower loan loss provisions, though expenses grew slightly. A brokerage subsidiary saw positive results from restructuring, with gains in market share and client base. Overall, the results showed a continued recovery in credit markets and profitability.
The document summarizes a company's 2Q10 results conference call. It discusses the company's loan portfolio performance, including continued growth in consumer credit from payroll lending and vehicle/real estate financing. Corporate credit saw growth from BNDES earmarked resources. The default rate on consumer loans continued declining while stabilizing for corporate loans. The loan portfolio was diversified across industries with a focus on food/beverage, agribusiness, and heavy construction. Trade finance increased 33.5% year-over-year.
The document provides an overview of a company's 4Q10 results presentation covering the following topics:
1) Credit growth in Brazil was driven by housing and auto loans, while corporate lending was stable. Default rates declined for individuals and were stable for corporations.
2) The company's loan portfolio grew 14.3% due to increases in local currency loans and trade finance. The portfolio is weighted towards upper middle market segments and diversified industries.
3) Funding remained primarily in local currency, with time deposits comprising the majority. Liquidity was maintained with free cash at 46% of deposits.
4) Financial results improved in 4Q10 and 2010, with higher revenues, stable expenses,
The document summarizes the bank's 3Q10 results presentation on its credit operations in Brazil. It discusses the following key points:
1) Total credit volume grew 14% year-over-year to R$1.61 trillion in 3Q10, with individual credit supported by payroll lending and real estate financing. Corporate credit saw growth in non-earmarked resources.
2) Default rates showed a steady decline for individuals to 4.7% and a small retreat for corporates to 3.5% in September 2010.
3) The bank's loan portfolio totaled R$1.42 billion in local currency loans, which maintained an 80% share. Trade finance grew 35.2%
Financial analysis chesapeake energy corp - chesapeake energy corporation p...BCV
Chesapeake Energy Corporation produces oil and natural gas in the United States. It focuses on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore. The company generates revenue primarily from its oil and natural gas segment, as well as its gathering and compression segment. It employs over 12,600 people and generated $12.4 billion in revenue in 2012.
This document provides an overview of BI&P's 4th quarter results presentation. It highlights that BI&P's expanded credit portfolio grew 2.6% quarter-over-quarter and 21% year-over-year to R$3.1 billion. The corporate segment represented 59.3% of the portfolio. Credit quality improved with 79.1% of the portfolio rated AA-B. Net profit was R$3.6 million in 4Q12, up 15.8% year-over-year. BI&P continued developing new product offerings and niche expertise in areas like agricultural bonds and corporate ecosystem services.
This document discusses opportunities for growth at Bank of America's Global Wealth & Investment Management division. It notes that GWIM has strong momentum and returns, with solid client relationships. GWIM has a large existing client base and market presence that it can leverage for further growth. The document outlines strategies for growing different client segments, including expanding retirement capabilities and integrating the recently acquired U.S. Trust business. It highlights opportunities in areas like wealth structuring, alternatives, and international investments to better serve high-net-worth clients. Partnerships across Bank of America businesses will also help drive referrals and new opportunities.
This annual report summarizes Northern Trust Corporation's financial results for the year ending December 31, 2003. Net income was $404.8 million, down 9.4% from 2002. Total assets grew 4% to $39.1 trillion, with strong growth in trust assets under administration and assets under management. The report discusses Northern Trust's business strategy of focusing on investment management, asset administration, fiduciary and banking services for institutional and affluent clients. It provides an overview of financial results and business segments.
This document is Banco Indusval Multistock's 2009 annual report. It provides an overview of the bank's corporate profile, main indicators such as financial results and balance sheet information from 2005-2009, and performance metrics. It also includes information on the number of employees, branches, shares, and shareholder returns. The report discusses how challenges in 2009 led the bank to reflect on its business and identify opportunities to improve processes and positioning for long term growth.
The document summarizes a company's 2Q10 results conference call. It discusses the company's loan portfolio performance, including continued growth in consumer credit from payroll lending and vehicle/real estate financing. Corporate credit saw growth from BNDES earmarked resources. The default rate on consumer loans continued declining while stabilizing for corporate loans. The loan portfolio was diversified across industries with a focus on food/beverage, agribusiness, and heavy construction. Trade finance increased 33.5% year-over-year.
The document provides an overview of a company's 4Q10 results presentation covering the following topics:
1) Credit growth in Brazil was driven by housing and auto loans, while corporate lending was stable. Default rates declined for individuals and were stable for corporations.
2) The company's loan portfolio grew 14.3% due to increases in local currency loans and trade finance. The portfolio is weighted towards upper middle market segments and diversified industries.
3) Funding remained primarily in local currency, with time deposits comprising the majority. Liquidity was maintained with free cash at 46% of deposits.
4) Financial results improved in 4Q10 and 2010, with higher revenues, stable expenses,
The document summarizes the bank's 3Q10 results presentation on its credit operations in Brazil. It discusses the following key points:
1) Total credit volume grew 14% year-over-year to R$1.61 trillion in 3Q10, with individual credit supported by payroll lending and real estate financing. Corporate credit saw growth in non-earmarked resources.
2) Default rates showed a steady decline for individuals to 4.7% and a small retreat for corporates to 3.5% in September 2010.
3) The bank's loan portfolio totaled R$1.42 billion in local currency loans, which maintained an 80% share. Trade finance grew 35.2%
Financial analysis chesapeake energy corp - chesapeake energy corporation p...BCV
Chesapeake Energy Corporation produces oil and natural gas in the United States. It focuses on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore. The company generates revenue primarily from its oil and natural gas segment, as well as its gathering and compression segment. It employs over 12,600 people and generated $12.4 billion in revenue in 2012.
This document provides an overview of BI&P's 4th quarter results presentation. It highlights that BI&P's expanded credit portfolio grew 2.6% quarter-over-quarter and 21% year-over-year to R$3.1 billion. The corporate segment represented 59.3% of the portfolio. Credit quality improved with 79.1% of the portfolio rated AA-B. Net profit was R$3.6 million in 4Q12, up 15.8% year-over-year. BI&P continued developing new product offerings and niche expertise in areas like agricultural bonds and corporate ecosystem services.
This document discusses opportunities for growth at Bank of America's Global Wealth & Investment Management division. It notes that GWIM has strong momentum and returns, with solid client relationships. GWIM has a large existing client base and market presence that it can leverage for further growth. The document outlines strategies for growing different client segments, including expanding retirement capabilities and integrating the recently acquired U.S. Trust business. It highlights opportunities in areas like wealth structuring, alternatives, and international investments to better serve high-net-worth clients. Partnerships across Bank of America businesses will also help drive referrals and new opportunities.
This annual report summarizes Northern Trust Corporation's financial results for the year ending December 31, 2003. Net income was $404.8 million, down 9.4% from 2002. Total assets grew 4% to $39.1 trillion, with strong growth in trust assets under administration and assets under management. The report discusses Northern Trust's business strategy of focusing on investment management, asset administration, fiduciary and banking services for institutional and affluent clients. It provides an overview of financial results and business segments.
This document is Banco Indusval Multistock's 2009 annual report. It provides an overview of the bank's corporate profile, main indicators such as financial results and balance sheet information from 2005-2009, and performance metrics. It also includes information on the number of employees, branches, shares, and shareholder returns. The report discusses how challenges in 2009 led the bank to reflect on its business and identify opportunities to improve processes and positioning for long term growth.
Banco Indusval reported financial results for 2Q10 and 1H10. Credit portfolio growth was moderate at 2.5% in the quarter, and default rates fell due to economic recovery. Net profit was R$8.3 million in 2Q10, up 13.7% from last quarter. Management comments indicated initiatives to improve products and services should have medium-term benefits, while credit to mid-sized companies grew and default rates declined.
The McGraw-Hill Companies 2006 Annual Report summarizes the company's strong financial performance and positions it for continued growth.
1) McGraw-Hill achieved record revenue of $6.3 billion and net income of $882 million in 2006. It also returned $1.8 billion to shareholders through dividends and share repurchases, with a total shareholder return of 33.5%.
2) The company's strategy focuses on expanding globally, developing digital and technology-driven solutions, and investing in its businesses. All business segments are expected to contribute to continued growth in 2007.
3) McGraw-Hill is well-positioned to capitalize on trends in global capital markets, education
1) The McGraw-Hill Companies achieved record financial results in 2007, with revenue growing 8.3% to $6.8 billion and net income rising 14.9% to $1 billion, however challenges emerged as the US housing bubble burst.
2) The company remains focused on providing high-quality information and insights to help customers succeed, while generating superior shareholder value through consistent earnings growth and returning $2.5 billion to shareholders in 2007.
3) While the current market turmoil is difficult to predict, the long-term prospects for the company's markets remain strong due to enduring global trends of needing capital, knowledge, and transparent business information.
The document is McGraw-Hill's 2008 annual report which discusses the financial challenges faced by the company that year due to the global recession. It summarizes that revenue declined 6.2% to $6.4 billion while net income fell 21.1% to $799.5 million. However, the company remained profitable and had a strong balance sheet which positioned it well to weather the economic storm. The report discusses questions around what caused the financial crisis, the role of credit ratings, and trends that will shape future capital markets and opportunities.
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting finance12
- Emerson Electric Co. reported net sales of $24.8 billion in 2008, up from $22.1 billion in 2007 and $19.7 billion in 2006. Earnings from continuing operations were $2.45 billion in 2008, up from $2.13 billion in 2007 and $1.84 billion in 2006.
- Return on average stockholders' equity was 27.0% in 2008, up from 25.2% in 2007 and 23.7% in 2006. Diluted earnings per share from continuing operations were $3.11 in 2008, up from $2.65 in 2007 and $2.23 in 2006.
- Total assets increased to $21 billion in 2008 from
Kinross Gold Corporation is a gold mining company headquartered in Toronto, Canada. It operates mines in the United States, Brazil, Chile, Ecuador, and Russia. The company had over $4 billion in revenue in 2012 and employs thousands of workers globally. Kinross' share price has fallen in the past year but analysts remain mostly positive on the stock, with over half recommending it as a "buy". Institutional investors from the United States own two-thirds of the company's shares.
This document summarizes SLM Corporation's financial results for the first quarter of 2008. Some key highlights include:
- Core earnings per share were $0.34 compared to a loss of $0.36 in the previous quarter and earnings of $0.57 in the first quarter of 2007.
- Net income on a core earnings basis was $188 million compared to a loss of $139 million last quarter and income of $251 million in the year-ago period.
- Stafford and PLUS loan originations increased significantly to $6.3 billion from $3.3 billion last quarter.
- The provision for private education loan losses was $160 million, down from $667 million last quarter.
The document provides an overview of BI&P's 3rd quarter 2012 results. Key highlights include:
- Expanded credit portfolio grew 6.5% quarter-over-quarter to R$3 billion, with higher quality loans.
- Non-performing loans declined and coverage ratios increased.
- Revenue from services grew 40% year-over-year.
- Net profit increased 29% over the previous quarter to R$3.1 million.
- The bank continues improving portfolio quality while expanding in targeted industry niches.
2011 Cook County Pension Fund Actuary Reportcookcountyblog
1. The actuarial valuation as of December 31, 2011 was performed to assess the financial position and funding requirements of the County Employees' Annuity and Benefit Fund of Cook County.
2. As of December 31, 2011 there were 22,037 active members, 15,866 members receiving benefits, and 12,584 inactive members in the Fund. The total actuarial liability was $13.7 billion and the funded ratio was 57.5%.
3. The employer's normal cost for 2012 was 12.46% of payroll and the actuarially determined contribution requirement for 2012 was $655.8 million, while the expected employer contribution from tax levy was $193.4 million
Access National Corporation reported a 50% increase in annual earnings and increased its dividend. Net income for 2021 was $11.4 million, up from $7.6 million in 2020. Based on strong results, the Board increased the quarterly dividend to $0.05 per share. Loans increased by $77.9 million to $569.4 million due to higher demand. Deposits decreased slightly to $645 million as non-core deposits declined.
The document summarizes BankAmerica Corporation's annual report for 1998. Some key points:
- Operating earnings were $6.49 billion in 1998, down from $6.81 billion in 1997, due to higher provision expenses and weaker trading revenues from market turbulence.
- The provision for credit losses was $2.92 billion in 1998, up from $1.90 billion in 1997, largely due to losses associated with the company's lending relationship with D.E. Shaw.
- Nonperforming assets were $2.76 billion, or 0.77% of net loans and leases at the end of 1998, up from $2.42 billion, or 0.71% a year earlier.
The document provides an overview of Banco Santander's 2009 IFRS results on a pro forma basis. It discusses the macroeconomic environment in Brazil and the country's financial system. It then summarizes Santander's strategy, business performance, and financial results in 2009. Key highlights include net profit growth of 41% year-over-year to R$5.5 billion driven by revenue growth and cost control. Performance ratios like efficiency and ROE improved significantly. The balance sheet also strengthened with higher capital ratios.
The document summarizes Regions Financial Corporation's financial results for the third quarter of 2008. Key points include:
- Earnings per share were $0.11, or $0.15 excluding charges. The results were impacted by a large loan loss provision and interest margin reduction.
- Focus on disposing problem loans drove increased charge-offs but stabilized non-performing assets.
- A tax settlement reduced net interest margin by 26 basis points for the quarter. Deposit disintermediation also impacted margins.
- Expenses were well-controlled despite increased costs to sell foreclosed properties. The company intends to participate in the Treasury capital purchase program to further strengthen its capital position.
Simmons First National Corporation reported earnings of $5.2 million for the first quarter of 2009, down from $0.45 per share in the same period in 2008. The company's net interest income increased 2.6% year-over-year due to strategic initiatives to grow core deposits while reducing reliance on time deposits. Asset quality remained strong with non-performing assets at 0.80% of total assets.
Carlyle Financial crisis- Super Return 2008 10 15gueste519a
The document discusses the financial crisis that began in 2007 and its causes and effects. It identifies excesses in the US housing and mortgage markets, including risky subprime lending, as root causes. Mortgages were then packaged into complex financial products and widely distributed, while leverage levels throughout the financial system rose to unprecedented heights. When housing prices declined and default rates rose, trillions in losses were revealed, precipitating a global credit crunch and economic slowdown.
The document discusses CardSystem's 2Q07 conference call results. It states that CardSystem's card base grew 37.6% in 2Q07 compared to 2Q06, outpacing market growth. Revenue increased 11.4% compared to 1Q07 and 16.9% compared to 2Q06. Gross profit and EBITDA grew faster than revenue in 1Q07, showing improved efficiency. TeleSystem revenue declined 7.1% compared to 2Q06 but increased 13% compared to 1Q07, with negative gross margins. The platform for Caixa was delivered in June and additional investments are being studied.
The document provides selected financial data for The TJX Companies, Inc. for fiscal years 1997 through 2001. It includes:
1) Income statement and per share data showing increasing net sales, income from continuing operations, and diluted earnings per share each year.
2) Balance sheet data with total assets exceeding $2.9 billion in 2001, and shareholders' equity growing from $1.1 billion in 1997 to $1.2 billion in 2001.
3) Details on the number of stores in operation for each of the company's brands, totaling over 1,493 stores by 2001.
The nature of sales in retail banking has changed dramatically. While there is a renewed pressure to grow accounts, the techniques banks have traditionally used to acquire new accounts have become less effective.
As consumer preferences continue to shift and non-traditional competitors continue to disrupt the market, the ROI of acquisition techniques like batch mail and branch cross-sell will continue to decline. In order to thrive, banks need to leverage the tremendous amount of data they have on each of their customers to drive more profitable and satisfying customer interactions across all of their channels.
This presentation will:
• Identify the market trends impacting banks’ growth strategies.
• Explore the role of marketing and risk analytics in making better acquisition decisions.
• Introduce best practices for implementing a more holistic approach to account acquisition.
The document provides an overview of Banco Santander's 2009 results. Key points include:
- Net profit grew 41% year-over-year to R$5.5 billion in 2009, driven by revenue growth and cost control.
- Performance ratios improved in 2009, with the efficiency ratio dropping to 35.0% and ROE increasing to 19.3%.
- The loan portfolio grew 1.7% to R$138.4 billion in 2009, with growth in individual loans and declines in SME and corporate loans.
- Deposits and assets under management grew 5.3% to R$242.1 billion in 2009, with increases in savings deposits and funds offsetting
The document summarizes the responsibilities of the Texas Department of Banking and provides an overview of the Texas banking system. It discusses the agency's role in supervising various types of regulated entities and analyzing their performance. It also covers several issues facing banks, including new regulations under Dodd-Frank relating to mortgages, interchange fees, and other matters. The presentation aims to inform attendees on the current state of the Texas banking industry and regulatory environment.
This document summarizes a conference call about a company's 4th quarter 2006 results. It includes the following key points:
1) The Brazilian credit card market grew 12.1% in 2006, while the company's card base (CSU) grew 23.1%. CSU also increased its market share leadership.
2) CSU is set to start generating monthly revenues in May 2007 from its largest ever contract to process over 4 million credit cards for Caixa, Brazil's largest bank.
3) CSU's gross revenues grew 5.6% in 2006. Its CardSystem unit grew revenues 7.2% but had lower profit margins due to non-recurring revenues in 4Q2005.
The document discusses Non-Performing Assets (NPAs) in the Indian banking sector. It defines an NPA as an asset that ceases to generate income for the bank. It provides data showing that public sector banks had the highest NPA ratio in FY2010 at 2.27%, while foreign banks had the lowest at 4.26%. The criteria for classifying different types of loans as NPAs, including term loans, cash credits, project loans and more, are explained in detail. NPAs are further classified as substandard, doubtful or loss assets based on the period of delinquency. Banks are required to make provisions against NPAs as per RBI guidelines.
Banco Indusval reported financial results for 2Q10 and 1H10. Credit portfolio growth was moderate at 2.5% in the quarter, and default rates fell due to economic recovery. Net profit was R$8.3 million in 2Q10, up 13.7% from last quarter. Management comments indicated initiatives to improve products and services should have medium-term benefits, while credit to mid-sized companies grew and default rates declined.
The McGraw-Hill Companies 2006 Annual Report summarizes the company's strong financial performance and positions it for continued growth.
1) McGraw-Hill achieved record revenue of $6.3 billion and net income of $882 million in 2006. It also returned $1.8 billion to shareholders through dividends and share repurchases, with a total shareholder return of 33.5%.
2) The company's strategy focuses on expanding globally, developing digital and technology-driven solutions, and investing in its businesses. All business segments are expected to contribute to continued growth in 2007.
3) McGraw-Hill is well-positioned to capitalize on trends in global capital markets, education
1) The McGraw-Hill Companies achieved record financial results in 2007, with revenue growing 8.3% to $6.8 billion and net income rising 14.9% to $1 billion, however challenges emerged as the US housing bubble burst.
2) The company remains focused on providing high-quality information and insights to help customers succeed, while generating superior shareholder value through consistent earnings growth and returning $2.5 billion to shareholders in 2007.
3) While the current market turmoil is difficult to predict, the long-term prospects for the company's markets remain strong due to enduring global trends of needing capital, knowledge, and transparent business information.
The document is McGraw-Hill's 2008 annual report which discusses the financial challenges faced by the company that year due to the global recession. It summarizes that revenue declined 6.2% to $6.4 billion while net income fell 21.1% to $799.5 million. However, the company remained profitable and had a strong balance sheet which positioned it well to weather the economic storm. The report discusses questions around what caused the financial crisis, the role of credit ratings, and trends that will shape future capital markets and opportunities.
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting finance12
- Emerson Electric Co. reported net sales of $24.8 billion in 2008, up from $22.1 billion in 2007 and $19.7 billion in 2006. Earnings from continuing operations were $2.45 billion in 2008, up from $2.13 billion in 2007 and $1.84 billion in 2006.
- Return on average stockholders' equity was 27.0% in 2008, up from 25.2% in 2007 and 23.7% in 2006. Diluted earnings per share from continuing operations were $3.11 in 2008, up from $2.65 in 2007 and $2.23 in 2006.
- Total assets increased to $21 billion in 2008 from
Kinross Gold Corporation is a gold mining company headquartered in Toronto, Canada. It operates mines in the United States, Brazil, Chile, Ecuador, and Russia. The company had over $4 billion in revenue in 2012 and employs thousands of workers globally. Kinross' share price has fallen in the past year but analysts remain mostly positive on the stock, with over half recommending it as a "buy". Institutional investors from the United States own two-thirds of the company's shares.
This document summarizes SLM Corporation's financial results for the first quarter of 2008. Some key highlights include:
- Core earnings per share were $0.34 compared to a loss of $0.36 in the previous quarter and earnings of $0.57 in the first quarter of 2007.
- Net income on a core earnings basis was $188 million compared to a loss of $139 million last quarter and income of $251 million in the year-ago period.
- Stafford and PLUS loan originations increased significantly to $6.3 billion from $3.3 billion last quarter.
- The provision for private education loan losses was $160 million, down from $667 million last quarter.
The document provides an overview of BI&P's 3rd quarter 2012 results. Key highlights include:
- Expanded credit portfolio grew 6.5% quarter-over-quarter to R$3 billion, with higher quality loans.
- Non-performing loans declined and coverage ratios increased.
- Revenue from services grew 40% year-over-year.
- Net profit increased 29% over the previous quarter to R$3.1 million.
- The bank continues improving portfolio quality while expanding in targeted industry niches.
2011 Cook County Pension Fund Actuary Reportcookcountyblog
1. The actuarial valuation as of December 31, 2011 was performed to assess the financial position and funding requirements of the County Employees' Annuity and Benefit Fund of Cook County.
2. As of December 31, 2011 there were 22,037 active members, 15,866 members receiving benefits, and 12,584 inactive members in the Fund. The total actuarial liability was $13.7 billion and the funded ratio was 57.5%.
3. The employer's normal cost for 2012 was 12.46% of payroll and the actuarially determined contribution requirement for 2012 was $655.8 million, while the expected employer contribution from tax levy was $193.4 million
Access National Corporation reported a 50% increase in annual earnings and increased its dividend. Net income for 2021 was $11.4 million, up from $7.6 million in 2020. Based on strong results, the Board increased the quarterly dividend to $0.05 per share. Loans increased by $77.9 million to $569.4 million due to higher demand. Deposits decreased slightly to $645 million as non-core deposits declined.
The document summarizes BankAmerica Corporation's annual report for 1998. Some key points:
- Operating earnings were $6.49 billion in 1998, down from $6.81 billion in 1997, due to higher provision expenses and weaker trading revenues from market turbulence.
- The provision for credit losses was $2.92 billion in 1998, up from $1.90 billion in 1997, largely due to losses associated with the company's lending relationship with D.E. Shaw.
- Nonperforming assets were $2.76 billion, or 0.77% of net loans and leases at the end of 1998, up from $2.42 billion, or 0.71% a year earlier.
The document provides an overview of Banco Santander's 2009 IFRS results on a pro forma basis. It discusses the macroeconomic environment in Brazil and the country's financial system. It then summarizes Santander's strategy, business performance, and financial results in 2009. Key highlights include net profit growth of 41% year-over-year to R$5.5 billion driven by revenue growth and cost control. Performance ratios like efficiency and ROE improved significantly. The balance sheet also strengthened with higher capital ratios.
The document summarizes Regions Financial Corporation's financial results for the third quarter of 2008. Key points include:
- Earnings per share were $0.11, or $0.15 excluding charges. The results were impacted by a large loan loss provision and interest margin reduction.
- Focus on disposing problem loans drove increased charge-offs but stabilized non-performing assets.
- A tax settlement reduced net interest margin by 26 basis points for the quarter. Deposit disintermediation also impacted margins.
- Expenses were well-controlled despite increased costs to sell foreclosed properties. The company intends to participate in the Treasury capital purchase program to further strengthen its capital position.
Simmons First National Corporation reported earnings of $5.2 million for the first quarter of 2009, down from $0.45 per share in the same period in 2008. The company's net interest income increased 2.6% year-over-year due to strategic initiatives to grow core deposits while reducing reliance on time deposits. Asset quality remained strong with non-performing assets at 0.80% of total assets.
Carlyle Financial crisis- Super Return 2008 10 15gueste519a
The document discusses the financial crisis that began in 2007 and its causes and effects. It identifies excesses in the US housing and mortgage markets, including risky subprime lending, as root causes. Mortgages were then packaged into complex financial products and widely distributed, while leverage levels throughout the financial system rose to unprecedented heights. When housing prices declined and default rates rose, trillions in losses were revealed, precipitating a global credit crunch and economic slowdown.
The document discusses CardSystem's 2Q07 conference call results. It states that CardSystem's card base grew 37.6% in 2Q07 compared to 2Q06, outpacing market growth. Revenue increased 11.4% compared to 1Q07 and 16.9% compared to 2Q06. Gross profit and EBITDA grew faster than revenue in 1Q07, showing improved efficiency. TeleSystem revenue declined 7.1% compared to 2Q06 but increased 13% compared to 1Q07, with negative gross margins. The platform for Caixa was delivered in June and additional investments are being studied.
The document provides selected financial data for The TJX Companies, Inc. for fiscal years 1997 through 2001. It includes:
1) Income statement and per share data showing increasing net sales, income from continuing operations, and diluted earnings per share each year.
2) Balance sheet data with total assets exceeding $2.9 billion in 2001, and shareholders' equity growing from $1.1 billion in 1997 to $1.2 billion in 2001.
3) Details on the number of stores in operation for each of the company's brands, totaling over 1,493 stores by 2001.
The nature of sales in retail banking has changed dramatically. While there is a renewed pressure to grow accounts, the techniques banks have traditionally used to acquire new accounts have become less effective.
As consumer preferences continue to shift and non-traditional competitors continue to disrupt the market, the ROI of acquisition techniques like batch mail and branch cross-sell will continue to decline. In order to thrive, banks need to leverage the tremendous amount of data they have on each of their customers to drive more profitable and satisfying customer interactions across all of their channels.
This presentation will:
• Identify the market trends impacting banks’ growth strategies.
• Explore the role of marketing and risk analytics in making better acquisition decisions.
• Introduce best practices for implementing a more holistic approach to account acquisition.
The document provides an overview of Banco Santander's 2009 results. Key points include:
- Net profit grew 41% year-over-year to R$5.5 billion in 2009, driven by revenue growth and cost control.
- Performance ratios improved in 2009, with the efficiency ratio dropping to 35.0% and ROE increasing to 19.3%.
- The loan portfolio grew 1.7% to R$138.4 billion in 2009, with growth in individual loans and declines in SME and corporate loans.
- Deposits and assets under management grew 5.3% to R$242.1 billion in 2009, with increases in savings deposits and funds offsetting
The document summarizes the responsibilities of the Texas Department of Banking and provides an overview of the Texas banking system. It discusses the agency's role in supervising various types of regulated entities and analyzing their performance. It also covers several issues facing banks, including new regulations under Dodd-Frank relating to mortgages, interchange fees, and other matters. The presentation aims to inform attendees on the current state of the Texas banking industry and regulatory environment.
This document summarizes a conference call about a company's 4th quarter 2006 results. It includes the following key points:
1) The Brazilian credit card market grew 12.1% in 2006, while the company's card base (CSU) grew 23.1%. CSU also increased its market share leadership.
2) CSU is set to start generating monthly revenues in May 2007 from its largest ever contract to process over 4 million credit cards for Caixa, Brazil's largest bank.
3) CSU's gross revenues grew 5.6% in 2006. Its CardSystem unit grew revenues 7.2% but had lower profit margins due to non-recurring revenues in 4Q2005.
The document discusses Non-Performing Assets (NPAs) in the Indian banking sector. It defines an NPA as an asset that ceases to generate income for the bank. It provides data showing that public sector banks had the highest NPA ratio in FY2010 at 2.27%, while foreign banks had the lowest at 4.26%. The criteria for classifying different types of loans as NPAs, including term loans, cash credits, project loans and more, are explained in detail. NPAs are further classified as substandard, doubtful or loss assets based on the period of delinquency. Banks are required to make provisions against NPAs as per RBI guidelines.
110212 divulgação de resultados 4 t10 inglesMultiplus
1) Multiplus saw increases in points issued and redeemed in 4Q10 compared to 3Q10, along with higher gross billings.
2) They improved their breakage accounting methodology to better reflect a 12-month average ratio, lowering breakage liability and raising deferred revenue.
3) While points issued and gross billings grew, adjusted EBITDA declined in 4Q10 due to the breakage methodology change and higher points to be redeemed.
This document analyzes and compares three sustainable banks and global systemically important financial institutions (GSIFIs). It finds that the sustainable banks have higher loan-to-asset and loan-to-deposit ratios, indicating they contribute more to the real economy. The sustainable banks also have higher return on assets and faster asset and loan growth rates over 5 years. However, the GSIFIs operate more cost-efficiently with lower overhead and compensation ratios. In conclusion, while the sustainable banks and GSIFIs differ in their markets and performance, the sustainable banks generally show better support for communities and stronger financial growth.
Larry Dowell - Insights from the 2012 MACE Compensation & Benefits SurveyDowell Management
The document is a summary of the 2012 MACE Compensation & Benefits Survey. It provides information on participation, demographics of chamber executives, compensation and benefits. Key findings include that participation was up from 2010, the average age of a chamber executive is 44.7, the average salary is $65,239, and around half of chambers contribute to medical insurance costs.
Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...NAFCU Services Corporation
The Discover Spending Monitor is a quarterly report that polls over 8,000 consumers on a monthly basis. This survey details the spending intentions of consumers and reports trends about their outlook of finances and their perception of the economy. It is unique because it is the only survey of its kind to measure the behavior of credit union members. Lately, there has been a spike in consumer confidence, which opens the door for credit unions to grow and market their products. So how sharp is this increase in consumer confidence? How can your credit union take advantage of this opportunity? This presentation will provide a detailed analysis of current trends and point out how your credit union can take advantage of the improving economy. Learn more at: www.nafcu.org/discover
Credit Suisse held a financial services forum on February 4, 2009 to discuss Sallie Mae's business fundamentals, financial outlook, and liquidity position. Key points included:
1) Sallie Mae has a strong franchise in student lending with competitive scale and assured FFELP profitability through 2010.
2) Liquidity is improving through various government funding programs and expanding deposit funding.
3) The outlook forecasts $5-6 billion in new private loan originations, $21-23 billion in FFELP loans, earnings per share of $1.45-$1.65, and continued management of credit quality and provision expenses.
ABC Holdings Limited reported their audited group results for the year ended 31 December 2012. The presentation included highlights such as attributable profits increasing 60% and the dividend per share decreasing 9%. There was also a strong underlying group performance with improving capital base, successful rights issue raising BWP364 million, and growth across balance sheet items. The presentation also reviewed the global and African economic environment with most regions expected to see continued growth in 2013 despite some risks.
It is a Presentation on Analysis of Fixed and Floating Interest rates of PGCIl Bonds. Also has the issue procedure of Bonds Issue and Characterstics of Bonds( YTM, Duration and Convexity)
The document provides an introduction to credit portfolio management. It discusses analyzing portfolio risk through economic capital and reshaping the portfolio. Some ideas for improving the portfolio include hedging concentration risk using credit derivatives, enhancing returns while managing risk, and utilizing modern portfolio theory to reweight assets. Developing an effective credit portfolio management function faces challenges including streamlining decision processes, clarifying roles, and ensuring adequate liquidity in credit markets.
BancorpSouth, Inc. reported financial results for the first quarter of 2012. Some key highlights included net income of $22.9 million, continued improvement in credit quality indicators, and stable net interest margin of 3.66%. Capital levels also improved from the prior periods. The company noted initiatives to integrate specialty lending lines of business and reorganize geographically from 10 to 4 regions.
The survey summarizes compensation and benefits data from chambers of commerce across several Midwestern states. It found that the average annual base salary for a chief paid executive is $65,239, though salaries vary widely from $23,900 to $190,000. Approximately half of chambers contribute to the cost of employees' medical insurance. Membership levels and budgets impact compensation levels, with larger chambers paying higher salaries on average.
W. R. Berkley Corporation had an outstanding financial year in 2006. Net income per share reached a new high of $3.46, increasing 27% over 2005. Net premiums written grew 5% to $4.8 billion. The company's return on stockholders' equity exceeded 25% for the fourth consecutive year.
Carfinco Financial Group Inc. is an auto finance company that provides loans to non-prime borrowers. The presentation summarizes the company's consistent growth and profitability, analyst forecasts, competitive position in the Canadian market, and leadership team. Key highlights include a 20% annual growth in loan originations and portfolio size, 11 consecutive quarters of record earnings, and analyst price targets of $10-12 per share.
Carfinco Financial Group Inc. is an auto finance company that provides loans to non-prime borrowers. The presentation discusses Carfinco's growing loan portfolio and revenues, increasing earnings per share, and impressive return on equity. Key highlights include a loan portfolio that has grown to $172.5 million, annualized revenues of $67.1 million, quarterly earnings per share of $0.19, and an annualized return on equity of 79.4%. The analysts cited have target share prices ranging from $10 to $12 and view Carfinco positively.
1) O banco apresentou redução de 6,8% na carteira de crédito expandida no trimestre devido à política de crédito mais conservadora diante do cenário macroeconômico. 2) A Guide Investimentos anunciou uma importante parceria que deve elevar os ativos sob gestão para R$4 bilhões. 3) O resultado líquido foi negativo em R$6,7 milhões no trimestre, impactado pela necessidade de ganhos de escala e pela contribuição ainda negativa da Guide.
This document provides highlights from BI&P's 1Q 2015 results presentation. Key points include:
- The expanded credit portfolio totaled R$3.9 billion, down 6.8% from the previous quarter due to a more conservative lending policy.
- Funding totaled R$4.1 billion, down 7.2% from the previous quarter.
- Net income was a loss of R$6.7 million, up from a R$5.1 million loss in 1Q 2014. Expenses continue to be controlled while the bank works to achieve economies of scale.
This presentation summarizes BI&P's results for the fourth quarter of 2014. Some key highlights include:
- The expanded credit portfolio totaled R$4.1 billion, growing 3.6% in the quarter and 6.9% year-over-year.
- Loans originated in 4Q14 totaled R$1.4 billion. Nearly all new loans were rated between AA and B.
- Funding totaled R$4.4 billion, up 4.8% in the quarter and 12.6% year-over-year through diversification.
- Income from fees was R$14 million in 4Q14 and R$56 million in 2014, up 94.4%
O documento resume os resultados do 4T14 do banco. Destaca o crescimento da carteira de crédito, a diversificação da captação e a melhoria da qualidade do crédito. Apresenta também as parcerias estratégicas firmadas e os investimentos em tecnologia que permitiram redução de custos. O resultado líquido do trimestre foi positivo, porém abaixo do potencial do banco.
BI&P Banco reported its 4th quarter 2014 earnings. Key highlights include:
- Expanded credit portfolio totaled R$4.1 billion, up 3.6% in the quarter and 6.9% year-over-year.
- Funding totaled R$4.4 billion, increasing 4.8% in the quarter and 12.6% year-over-year.
- Income from services rendered and tariffs was R$14.0 million in 4Q14 and R$56.0 million in 2014, up 94.4% from 2013 mainly from investment banking revenues.
- Guide Investimentos, the bank's investment arm, had assets under management of R$
O BI&P divulgou seus resultados do 4o trimestre de 2014. Sua carteira de crédito expandida totalizou R$4,1 bilhões, um incremento de 3,6% no trimestre. A captação totalizou R$4,4 bilhões, um aumento de 4,8% no trimestre. As receitas de prestação de serviços e tarifas somaram R$14 milhões no trimestre, um aumento de 94,4% em relação a 2013 devido às receitas de investment banking. A Guide Investimentos tem R$1,9 bilhão em
This document provides a summary of BI&P's results for the third quarter of 2014. Some key highlights include:
- The expanded credit portfolio totaled R$4.0 billion, a 1.8% increase over the quarter and 19% increase over September 2013.
- 99% of new loans in the quarter were rated between AA and B, reflecting a focus on credit quality.
- Fee income from investment banking operations totaled R$5.4 million in the quarter.
- The quarterly result was R$1.7 million, though full revenue potential has not yet been achieved due to the need for scale and a negative contribution from the investment branch.
O documento resume os resultados do terceiro trimestre de 2014 de um banco brasileiro. Destaca o crescimento da carteira de crédito em 1,8% no trimestre e 19% em um ano, com foco em ativos de alta qualidade. Também ressalta o aumento das receitas de tarifas, principalmente de investment banking, e o controle de custos.
BI&P is a commercial bank in Brazil with over 45 years of experience. In the third quarter of 2014:
- The expanded credit portfolio totaled R$4.0 billion, up 1.8% in the quarter and 19.0% year-over-year.
- Funding totaled R$4.2 billion, up 1.2% in the quarter and 35.8% year-over-year.
- Income from services rendered and tariffs totaled R$15.3 million in 3Q14 and R$42.1 million in 9M14, growing 79.2% and 101.7% from the same periods in 2013, mainly driven by revenue
Carteira de Crédito Expandida somou R$4,0 bi, incremento de 1,8% no trimestre e 19,0% em 12 meses. Captação totalizou R$4,2 bi, aumento de 1,2% no trimestre e 35,8% em 12 meses. Receitas de Prestação de Serviços e Tarifas somaram R$15,3 mm no 3T14 e R$42,1 mm nos 9M14, incrementos de 79,2% e 101,7% em relação aos mesmos períodos de 2013, em especial devido às receitas da ativ
The document summarizes BI&P's results for the second quarter of 2014. Key highlights include:
- The expanded credit portfolio totaled R$3.9 billion, remaining stable in the quarter but up 21.4% from June 2013. Loans rated AA-B corresponded to 91% of the portfolio.
- Income from services and tariffs totaled R$15.7 million in 2Q14, up 42.3% from the previous quarter. Investment banking now accounts for 50% of this revenue.
- The quarterly result was R$1.1 million, impacted by non-cash accounting effects and investments in new business areas not yet at scale.
- Credit quality remained high,
Este documento fornece um resumo dos resultados do segundo trimestre de 2014 de um banco brasileiro. A carteira de crédito totalizou R$3,9 bilhões, estável no trimestre, mas cresceu 21,4% em um ano. As despesas com provisões para devedores duvidosos gerenciais foram de 0,66% da carteira de crédito, refletindo a qualidade dos empréstimos. As receitas de tarifas e serviços aumentaram 42,3% no trimestre.
The document provides an earnings release for Banco Indusval & Partners (BI&P) for the second quarter of 2014. Some key highlights include:
- The expanded credit portfolio totaled R$3.9 billion, remaining stable in the quarter but up 21.4% year-over-year.
- Income from services rendered and tariffs totaled R$15.7 million in 2Q14, up 42% quarter-over-quarter and 120.8% year-over-year.
- The managerial expense with allowance for loan losses was 0.66% of the expanded credit portfolio in 2Q14, underscoring the quality of the loan portfolio.
Carteira de Crédito Expandida totalizou R$3,9 bilhões, estável no trimestre mas com crescimento de 21,4% em um ano. Receitas de Prestação de Serviços e Tarifas somaram R$15,7 milhões no trimestre, um aumento de 42,3% no trimestre e 117% em relação ao mesmo período do ano anterior. A Despesa de PDD Gerencial foi de 0,66% da carteira de crédito expandida, indicando a qualidade da carteira de crédito.
Banco BI&P acquired Voga Empreendimentos e Participações Ltda. in 2013 to strengthen its investment banking activities. Voga had experience advising clients on over 50 transactions totaling R$5 billion. The acquisition allows BI&P to expand complex financial services and originate, structure, and distribute fixed income products and financing for acquisitions and asset sales. Services now offered through BI&P leverage the partners' expertise in areas like mergers and acquisitions, capital raising, debt restructuring, and initial public offerings.
O relatório descreve a história, estrutura e estratégias do Banco BI&P. Em 2013, o banco concluiu sua reestruturação estratégica iniciada em 2011, adquiriu novas empresas, lançou projetos de transformação e continuou a crescer de forma sustentável.
The document summarizes BI&P's results for the first quarter of 2014. Key highlights include:
- Expanded credit portfolio grew 1.5% in the quarter and 28.8% year-over-year to R$3.9 billion.
- 99% of new loans in the quarter were rated between AA and B, reflecting a focus on higher quality assets.
- Income from services increased 29.7% over the previous quarter and 94.1% year-over-year.
- The quarterly result was a loss of R$9.9 million mainly due to discontinuing hedge accounting and investments not yet achieving scale from credit portfolio growth.
O documento apresenta os resultados do 1T14 do Banco BI&P, destacando: (1) o crescimento de 1,5% da carteira de crédito no trimestre e 28,8% em 12 meses; (2) a qualidade da carteira, com 90% dos créditos classificados entre AA e B; (3) o prejuízo de R$9,9 milhões no trimestre, impactado pela descontinuidade da designação de hedge accounting e investimentos ainda não no ponto de equilíbrio.
Banco BI&P reported financial results for the first quarter of 2014. While the expanded credit portfolio grew 1.5% over the quarter and 28.8% over the prior year, the quarterly result was a loss of R$9.9 million due to the discontinuation of hedge accounting and investments made during restructuring that have not yet reached scale. Income from services increased 29.7% over the previous quarter and 94.1% over the prior year. The allowance for loan losses was 1.10% of the expanded credit portfolio, in line with the bank's conservative lending policy.
Carteira de Crédito Expandida somou R$3,9 bilhões, com crescimento de 1,5% no trimestre e 28,8% em relação a março de 2013. Receitas de Prestação de Serviços e Tarifas somaram R$12,9 milhões no trimestre, apresentando crescimento de 29,7% no trimestre e 94% em doze meses. Resultado do trimestre foi negativo em R$9,9 milhões, especialmente impactado pelo efeito da descontinuidade da designação de hedge accounting e pelo fato dos investimentos realizados
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The increasing urgency to address climate change has propelled sustainable investing into the spotlight, with green bonds emerging as a pivotal instrument for mobilizing the capital required for environmental projects. This study delves into the critical role that bond ratings play in guiding investments in green bonds, shedding light on how these ratings influence investor confidence and the allocation of funds towards sustainable initiatives. By employing a mixed-methods approach, combining quantitative analysis of green bond performance with qualitative interviews from industry experts, this research offers a comprehensive overview of the interplay between bond ratings and green bond investments. The findings suggest that higher bond ratings, often indicative of lower risk and better sustainability credentials, significantly impact the attractiveness of green bonds to investors. Additionally, the study examines the evolution of rating criteria to encompass environmental, social, and governance (ESG) factors, highlighting the shift towards more holistic assessments of investment risk and potential. This research contributes to the broader discourse on sustainable finance by providing insights into the mechanisms through which bond ratings can facilitate more informed and impactful green bond investments.
2. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
1
3. Total Credit Volume and Segmentation
Volume of Credit Operations
R$ billion
1,410 1,452
1,227 Credit to individuals growth supported by
33%
936
32% payroll lending, vehicle and real state
29%
financing.
29%
In Corporate Credit earmarked resources
607 733 from BNDES still stand out.
71% 71% 68% 67%
Improved participation of private institutions
2005 2006 2007 2008 2009 31/mar
from March.
Nonearmarked Resources Earmarked Resources
Variation% Individuals Corporates
Non Non Total
Earmarked Earmarked Credit
Mar/10 earmarked Total earmarked Total
Resource Resources
Resource Resources
In the month 2.0 2.8 2.2 0.2 0.2 0.2 1.1
In the quarter 3.7 6.3 4.4 0.4 2.5 1.2 2.6
In the year 3.7 6.3 4.4 0.4 2.5 1.2 2.6
In 12 months 18.6 24.3 20.1 4.6 34.0 14.2 16.8
Source: Central Bank of Brazil – Credit Information System - SCR
2
4. Credit Default Rate
Gradual decline in Corporate Credit
Back to Dec 2007 levels for credit to Individuals
10
9
8
7 7.0%
6
%
5 5.2%
4
3.6%
3
2
Corporate Individuals Total
Source BACEN
1
0
Dec Dec Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2006 2007 2008 2009 2010
Default Rate on Loans to Individuals: Fast retreat from June 2009, returning to the levels of Dec/07.
Default Rate on Corporate Loans: Accelerated increase until September/09, with slow decline
from November 2009.
3
5. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
4
6. Slightly over R$ 1.7 billion *
Local Currency Loans Trade Finance
R$ Million R$ Million
-5.4%
1,398.6 1,342.6 1,322.9 +23.1%
332.7
270.1 293.3
1Q09 4Q09 1Q10 1Q09 4Q09 1Q10
Increased origination partially dissipated by Mainly Export financing (ACC/ACE) and, in
write offs lesser amount, import financing
Local currency loans respond for 80% of Trade Finance portfolio in foreign currency:
loan portfolio • US$ 116.7 million in 1Q09
• US$ 173.7 million in 4Q09
94% of Loan Portfolio allocated to midsized • US$ 186.9 million in 1Q10
companies Growth reflects the retake of exports with
reaction from December/09
* Including guarantees and L/Cs
5
7. Credit Portfolio Breakdown
By Economic Activity By Currency
Foreign
Individuals
Currency
9%
20%
Services
25%
Industry
54%
Local
Currency
Commerce 80%
12%
By Client Concentration By Tenor
Above 360
days Up to 90
Other 10 largest days
29%
27% 18% 37%
11 to 60
181 to 360
31%
14%
91 to 180
61 to 160 20%
24%
The average of contracts final tenors is 442 days
6
8. Loan Portfolio breakdown by Industry
Food, Beverage and Tobacco
Agribusiness
Construction
14%
22% Automotive
1% Transportation & Logistics
3%
3% Metal Industry
4% Education
Financial Institutions
Chemical and Pharmaceutical
4%
13% Textile, Clothing & Leather
4%
4% Individuals
4% Financial Services
10%
4% 5% 5% Oil and Biofuel
Paper & Pulp
Other Industries
7
9. Quality of Loan Portfolio
Asset Quality
RisK Rating Collateral Structure
D-H Vehicles
14% Real State 2% Aval PN
9% 19%
A
Monitored
31% Pledge
10% Pledge/Lien
Securities 6%
3%
C
27% B Receivables
28% 50%
NPL(*) / Total Loan (%) Allowance for Loan Losses
(*) Total amount of contracts with any installment overdue above 60 days
%
+13.2
133.4
5.9 110.7
97.8
4.2
3.5
1Q09 4Q09 1Q10 1Q09 4Q09 1Q10
Middle Market loans are 81% collateralized, being, 54% in receivables and securities
8
10. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
9
11. Longer Funding Tenors
Total Funding Funding Breakdown
R$ Million
BNDES
+20.9% Onlending
6%
1,880.7 Foreign
1,793.2 Time
Borrowings
22% Deposits
1,555.7 37%
Interbank
Deposits
2%
Demand
LCA
Deposits
1%
2% DPGE(*)
1Q09 4Q09 1Q10
30%
Moderate growth in funding compared Funding in Insured Time Deposits (DPGE)
to 4Q09 privileged in the quarter due to longer terms,
defined maturities and total costs lower than
Increasing average tenor of deposits to foreign funding
497 days:
• CDBs R$ 698,5 million 363 days Funding in local currency equivalent to 78% of
• DPGE R$ 572,0 million 692 days
total funding
• CDI R$ 42,5 million 69 days
• LCA R$ 8,7 million 90 days
(*) Fundo Garantidor de Crédito (FGC) - Insured Time Deposits
10
12. Liquidity to Retaking
Free Cash (*)
Management of liquidity, interest
R$ Million
rate, currencies and tenor
mismatch risks is our Treasury’s
696 708 main task
Free Cash:
436
52% of Total Deposits
164% of Shareholder’s Equity
1Q09 4Q09 1Q10 Assets and Liabilities Management
R$ Million
733
674 659
516
375
(*) Cash, Liquid Financial Assets (CDI), Securities and 332
Derivatives (–) Open Market Funds and Derivatives 245
127
90 days 180 days 360 days Above 360 days
Assets Liabilities
11
13. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora
Share Performance
12
14. Gradual recovery of income, lower default benefits
Income from Financial Intermediation Gross Profit from Financial intermediation
R$ Million R$ Million
-2.8%
117.7 114.4
%
93.3 +23.4
35.2
28.4 27.4
1Q09 4Q09 1Q10 1Q09 4Q09 1Q10
Evolution of Income from Financial Results from Financial Intermediation
Intermediation of 22.7% in the quarter due to: recovery:
• Small increase in revenues from loans and • Increased Financial Intermediation Income
financing • Lower Loan Loss Provision Expenses
• Higher Foreign Exchange Operations
Income
Gross margin improved to 5.3% from 4.1% in
• FX variation on trade finance operations the 4Q09
13
15. Slight improvement in Efficiency
Net Operating Expenses Efficiency Ratio
R$ Million In %
.
+16.5 p.p
63.2 61.0
+6.0%
44.5
S&P Model
23.0 23.3 24.4
1Q09 4Q09 1Q10 1Q09 4Q09 1Q10
Operating expenses under control The 2.2 percentage points improvement in the
quarter resulted from:
Stable income from fees and commissions
• Reduced operating expenses, and
Lower other operating income during the
quarter • Small increase in financial intermediation
revenues
14
16. Recovering Profitability
Net Profit Net Interest Margin (NIM)
R$ Million
-8.8% 12.5%
10.6%
9.8%
8.0 8.5%
7.3
6.7% 7.0%
6.1%
4.4 4.9% 5.1% 5.3%
4.1%
0.9%
NI M GFM
1Q09 4Q09 1Q10 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10
GFM = Gross Financial Margin
66% Net Profit increase in the quarter results Financial Margin confirms recovery trend
from: started 4Q09
The evolution in the Intermediation Maintenance of liquidity levels also impacts
Financial Result NIM
The 30% drop Loan Loss Provision
expenses
15
17. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
16
18. Positive results from restructuring
The modernization and restructuring of the Brokerage House included:
Relocation of facilities closer to target market
Hiring new professionals
Development of new products, including fixed income offerings
Business management specialized tools deployment
Construction of a new homebroker system, in progress
DMA – Direct Market Access
Acquisition of the Execution Broker Seal from BM&FBOVESPA
Repositioning in the BM&F Market Ranking
2008: 52th position
2009: 44th position
1Q10: 17th position
Strategic Objectives:
Expansion of the institutional and qualified individual investors client base
Extending services to retail investors
Becoming a liquidity center for institutional clients
17
19. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
18
20. Free Float and Remuneration
Capital:
Common Shares 27,000,000
Preferred Shares 15,475,101
Total 42,475,101
Treasury Shares(*): 829,279 preferred shares – 5.4% of preferred and 1.9% of total capital
Preferred shares Free Float (*): 13.4 million – free float = 31.7%
Stock Options Program: 916,521 options granted, not exercise or cancellation
Shareholder Remuneration: Anticipated payment of Interest on Own Equity for 1Q10 of
R$ 6,3 million equivalent to R$ 0,15015 per share in March 2010
(*) Posição em 31.03.2010
19
22. In Summary
Credit Behavior in Brazil
Private Financial Institutions slowly retaking share in credit volume
Reducing of default contributes to growth retake
Loan Portfolio
Focused in midsized companies, origination was retaken and, as delinquency sets back along the
year, credit portfolio shall develop gradual growth
Funding and Liquidity
There is availability at satisfactory costs to resume growth
Result from Operations
Default ratios decline and expense management contribute to result recovery
Indusval Multistock Corretora de Valores
Investments in new facilities, new professionals and expansion of activities with DMA, fixed income
and retail investors
Acquisition of Execution Broker Seal contributes to its positioning upgrade
21
23. Questions and Answers
Please note that this is the English version of the presentation. The original version is in Portuguese. If there is any discrepancy between
such versions, the Portuguese version shall prevail. Banco Indusval Multistock’s full financial statements will be available on our website
at www.indusval.com.br/ir, under Financial Information – Financial Statements, as soon as they are filed with the CVM – Brazilian
Securities and Exchange Commission.
Any reference or statement regarding Banco Indusval Multistock - or its subsidiaries and affiliates - anticipated synergies, growth plans,
projected results and future strategies are just estimates. Although these forward-looking statements reflect management’s good faith
beliefs, they involve known and unknown risks and uncertainties that may cause the Company’s actual results or outcomes to be
materially different from those anticipated and discussed herein. These risks and uncertainties include, but are not limited to, our ability
to realize the amount of the projected synergies and in the timetable projected, as well as economic, competitive, governmental and
technological factors affecting Banco Indusval Multistock’s operations, markets, products and prices, and other factors detailed in Banco
Indusval Multistock’s filings with the CVM – Brazilian Securities and Exchange Commission which, readers are urged to read carefully, in
analyzing the forward-looking statements that are contained herein. Banco Indusval Multistock undertakes no obligation to update any of
the projections contained herein.
22
24. Investor Relations – Contact Information
Ziro Murata Jr. Banco Indusval S/A
IRO Rua Boa Vista, 356 – 7º andar
01014-000- São Paulo – SP
Phone: (55 11) 3315-6961
Brasil
E-mail: ziro@indusval.com.br
Maria Angela R. Valente IR Site:
Head of IR www.indusval.com.br/ir
Phone: (55 11) 3315-6821
E-mail: mvalente@indusval.com.br
23