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 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.
This document discusses opportunities for growth at Bank of America's Global Wealth & Investment Management division. It notes that GWIM has strong momentum and returns, with solid client relationships. GWIM has a large existing client base and market presence that it can leverage for further growth. The document outlines strategies for growing different client segments, including expanding retirement capabilities and integrating the recently acquired U.S. Trust business. It highlights opportunities in areas like wealth structuring, alternatives, and international investments to better serve high-net-worth clients. Partnerships across Bank of America businesses will also help drive referrals and new opportunities.
The document provides an overview of an LBO transaction including sources and uses of funds, transaction assumptions, operating projections, and financial analysis. Key details include:
- Equity value of $132.9 million, with $74.5 million in new equity financing and $34.8 million in senior debt financing.
- Projected EBITDA of $17.4 million in 2008 growing to $25.9 million by 2013.
- Implied equity IRR ranges from 8.7-28.5% depending on exit multiple assumptions from 2011-2013.
- Goodwill of $47.1 million allocated between intangible assets ($9.4 million) and remaining good
The document summarizes a procurement outreach seminar presented by the World Bank. It provides an overview of the World Bank Group's history and structure, current lending trends for projects, and how businesses can participate in World Bank-funded projects. Specifically, it discusses the Bank's top borrowing countries and sectors in fiscal year 2011, with a focus on infrastructure, health, education, energy and finance. It also outlines the typical project cycle and relationships between the Bank, borrowing countries, and contractors.
In 3 sentences:
BGC Partners reported their financial results for 4Q2012 compared to 4Q2011. Total revenue was $1.1 billion, down 1% from the previous year. Revenue from rates, credit, and equities declined due to lower industry volumes and quantitative easing, though foreign exchange revenue grew due to strong performance in electronic trading. Overall pre-tax earnings were $35.1 million in financial services and $12.6 million in real estate.
- SunTrust reported second quarter earnings of $1.53 per share, down from $1.89 per share in the second quarter of 2007, due to higher loan loss provisions, credit-related expenses, and valuation losses. These factors were partially offset by gains from selling Coca-Cola stock and a non-strategic subsidiary.
- The company completed transactions involving its Coca-Cola stock holdings that increased its regulatory capital ratio by an estimated 68 basis points as of June 30, 2008.
- Credit metrics continued to deteriorate in the quarter, though at a slower pace, with net charge-offs increasing 8.6% and the allowance for loan losses rising to 1.46% of total loans.
Fifth Third Bancorp reported a Q3 2008 net loss of $56 million, compared to a net loss of $202 million in Q2 2008 and net income of $325 million in Q3 2007. Higher credit costs drove the results, as non-performing assets and net charge-offs increased, particularly for commercial and residential real estate loans in Florida and Michigan. However, core earnings were positive, with revenue growth across most business lines and expense control. While facing disruptions in capital markets and a weakening economy, the company remains well-capitalized with a Tier 1 capital ratio of 8.53%.
Latin American and the Caribbean Microfinance Market Trends 2005-2010MIX
In 2010, microfinance institutions in Latin America and the Caribbean continued growing, adding 15.9% to loan portfolios and 23.3% to deposits. Growth slowed compared to previous years, with borrowers increasing 12.2% and depositors 17.4%. Mexico saw the most expansion, followed by South America, while Central America's recovery was slower. Risk levels fell as loan recovery improved, increasing profitability slightly. Portfolio composition shifted more toward microenterprise loans in South America and commercial loans in Mexico.
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.
This document discusses opportunities for growth at Bank of America's Global Wealth & Investment Management division. It notes that GWIM has strong momentum and returns, with solid client relationships. GWIM has a large existing client base and market presence that it can leverage for further growth. The document outlines strategies for growing different client segments, including expanding retirement capabilities and integrating the recently acquired U.S. Trust business. It highlights opportunities in areas like wealth structuring, alternatives, and international investments to better serve high-net-worth clients. Partnerships across Bank of America businesses will also help drive referrals and new opportunities.
The document provides an overview of an LBO transaction including sources and uses of funds, transaction assumptions, operating projections, and financial analysis. Key details include:
- Equity value of $132.9 million, with $74.5 million in new equity financing and $34.8 million in senior debt financing.
- Projected EBITDA of $17.4 million in 2008 growing to $25.9 million by 2013.
- Implied equity IRR ranges from 8.7-28.5% depending on exit multiple assumptions from 2011-2013.
- Goodwill of $47.1 million allocated between intangible assets ($9.4 million) and remaining good
The document summarizes a procurement outreach seminar presented by the World Bank. It provides an overview of the World Bank Group's history and structure, current lending trends for projects, and how businesses can participate in World Bank-funded projects. Specifically, it discusses the Bank's top borrowing countries and sectors in fiscal year 2011, with a focus on infrastructure, health, education, energy and finance. It also outlines the typical project cycle and relationships between the Bank, borrowing countries, and contractors.
In 3 sentences:
BGC Partners reported their financial results for 4Q2012 compared to 4Q2011. Total revenue was $1.1 billion, down 1% from the previous year. Revenue from rates, credit, and equities declined due to lower industry volumes and quantitative easing, though foreign exchange revenue grew due to strong performance in electronic trading. Overall pre-tax earnings were $35.1 million in financial services and $12.6 million in real estate.
- SunTrust reported second quarter earnings of $1.53 per share, down from $1.89 per share in the second quarter of 2007, due to higher loan loss provisions, credit-related expenses, and valuation losses. These factors were partially offset by gains from selling Coca-Cola stock and a non-strategic subsidiary.
- The company completed transactions involving its Coca-Cola stock holdings that increased its regulatory capital ratio by an estimated 68 basis points as of June 30, 2008.
- Credit metrics continued to deteriorate in the quarter, though at a slower pace, with net charge-offs increasing 8.6% and the allowance for loan losses rising to 1.46% of total loans.
Fifth Third Bancorp reported a Q3 2008 net loss of $56 million, compared to a net loss of $202 million in Q2 2008 and net income of $325 million in Q3 2007. Higher credit costs drove the results, as non-performing assets and net charge-offs increased, particularly for commercial and residential real estate loans in Florida and Michigan. However, core earnings were positive, with revenue growth across most business lines and expense control. While facing disruptions in capital markets and a weakening economy, the company remains well-capitalized with a Tier 1 capital ratio of 8.53%.
Latin American and the Caribbean Microfinance Market Trends 2005-2010MIX
In 2010, microfinance institutions in Latin America and the Caribbean continued growing, adding 15.9% to loan portfolios and 23.3% to deposits. Growth slowed compared to previous years, with borrowers increasing 12.2% and depositors 17.4%. Mexico saw the most expansion, followed by South America, while Central America's recovery was slower. Risk levels fell as loan recovery improved, increasing profitability slightly. Portfolio composition shifted more toward microenterprise loans in South America and commercial loans in Mexico.
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
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.
Northern Trust had a very strong financial performance in 2005. Net income grew 16% to $584 million and total revenues increased 15% to $2.7 billion. Assets under custody reached a record high of $2.9 trillion, up 15% from 2004, and assets under management grew 8% to $618 billion. Northern Trust continued its global expansion through acquisitions and new offices while maintaining its focus on serving private clients and institutional investors worldwide.
The document summarizes the leveraged buyout of Company A that occurred in 2005 and its subsequent sale in 2010. In 2005, the private equity firm acquired Company A for $396 million by contributing $108 million in equity and obtaining $304 million in debt financing. By 2010, the company's value had increased substantially and was sold for proceeds of $299 million to the private equity firm and $33.2 million to the unsecured lender, providing annualized returns of 22.6% and 16.6%, respectively.
The document provides a disclaimer and forward-looking statements regarding a presentation by Banco Santander Totta, S.A. and Banco Santander, S.A. It cautions that the presentation contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. It also states that the information in the presentation should be read in conjunction with other public disclosures and does not constitute an offer to buy or sell securities.
This document summarizes Generali Investor Day 2010 discussions on strategic asset allocation and risk management. It shows that from 2005 to 9M10:
- Generali increased its total assets under management from €274.8 billion to €331.1 billion despite some sales and acquisitions.
- For life insurance, Generali maintained an asset allocation consistent with its technical reserves, with over 80% in fixed income instruments to match liabilities.
- An increased allocation to corporate bonds allowed Generali to benefit from narrowing credit spreads.
The Progressive Corporation reported its financial results for July 2004. Net premiums written increased 7% to $1.298 billion compared to July 2003. Net income grew 18% to $168.1 million, while earnings per share rose 19% to $0.77. The combined ratio improved 3.3 percentage points to 82.6. Personal lines net premiums written grew 6% and commercial auto rose 19%. Progressive continued to experience strong profitability with only two unprofitable markets.
1) The document discusses Bank of America's enterprise risk management strategies and capabilities. It highlights how the bank manages various types of risk, including credit, market, and operational risk across its consumer and commercial businesses.
2) Key strengths that help the bank manage risk include its breadth of client access, industry insights, and integrated risk management structure.
3) The bank has improved its risk profile by rebalancing its commercial credit portfolio and enhancing risk monitoring tools.
Fifth Third Bancorp reported first quarter 2008 earnings of $292 million, or $0.55 per diluted share, compared to $16 million in the previous quarter and $359 million in the first quarter of 2007. Net interest income increased 11% year-over-year to $826 million due to loan and deposit growth as well as lower funding costs, while the net interest margin declined slightly. Loan balances grew 9% year-over-year led by increases in commercial and residential mortgage loans. Credit costs increased substantially due to deterioration in residential real estate, homebuilder, and development loans.
American Express Centurion Bank (AECB) is a wholly owned subsidiary of American Express that issues credit cards and provides lending to American Express cardholders. It has been in operation since 1987 and is based in Salt Lake City, Utah. AECB reported earnings of $1.4 billion, $1.0 billion, and $1.1 billion in 2006, 2005, and 2004 respectively, supported by growing loan balances outstanding. Key financial metrics like return on assets and capital ratios exceeded requirements over this period.
Sovereign Bancorp achieved strong financial results in 2000, with cash earnings per share increasing 10% and the balance sheet transforming into a more diversified commercial bank model. A key accomplishment was successfully integrating the largest branch divestiture in banking history from FleetBoston. Sovereign's goal is to achieve above average shareholder returns through consistent focus on critical success factors and implementing its growth strategy, with an aim to increase shareholder value 300% over the next five years by building on its strengthened foundation.
Fifth Third Bancorp reported first quarter 2007 earnings of $359 million, or $0.65 per diluted share, compared to $66 million in the previous quarter and $363 million in the first quarter of 2006. Net interest income was $742 million, flat compared to the previous quarter but up 3% year-over-year. Noninterest income was $648 million, significantly higher than the previous quarter due to securities losses in that quarter, and up 5% year-over-year. Average loans grew 1% sequentially and 6% year-over-year, while average deposits declined 2% sequentially but grew 1% year-over-year.
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 document provides an overview of Macquarie Infrastructure Company's fourth quarter and full year 2011 earnings conference call. It discusses positive cash generation trends, with proportionately combined free cash flow of $145.1 million for 2011. Segment performance is reviewed for IMTT, The Gas Company, District Energy, and Atlantic Aviation. Guidance is also provided for expected 2012 performance at each business. Debt profiles and compliance with debt covenants are summarized.
J&K Bank is a private sector bank incorporated in 1938 that has shown five decades of uninterrupted profitability. It has undergone a strategic shift from 2005-2009 to focus more on high margin lending within J&K while expanding niche lending in the rest of India. This has led to improved financial results such as a drop in the cost to income ratio from 44.57% in 2005-06 to 35.7% in 2009-10 and a rise in the return on assets from 0.67% to 1.33% over the same period. Asset quality has also strengthened with gross NPAs falling from 2.52% to 2.17% and coverage improving from 63.64% to 82.87
This document summarizes Philip H. Geier Jr.'s 20-year tenure as Chairman and CEO of Interpublic. During his leadership, Interpublic grew from a company with $500 million in revenue, 8,000 employees, and a market capitalization of $500 million, to a global marketing communications company with over $5.6 billion in revenue, 48,200 employees, and numerous acquisitions that expanded its service offerings. Geier shaped the modern advertising and marketing industry and brought the advertising holding company concept to life. He retired in 2000 after more than 40 years with Interpublic but will continue to advise the company as Chairman Emeritus.
The document summarizes the bank's 3Q10 results presentation on its credit operations in Brazil. It discusses the following key points:
1) Total credit volume grew 14% year-over-year to R$1.61 trillion in 3Q10, with individual credit supported by payroll lending and real estate financing. Corporate credit saw growth in non-earmarked resources.
2) Default rates showed a steady decline for individuals to 4.7% and a small retreat for corporates to 3.5% in September 2010.
3) The bank's loan portfolio totaled R$1.42 billion in local currency loans, which maintained an 80% share. Trade finance grew 35.2%
The document 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 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.
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.
This document provides an overview of BI&P's 4th quarter results presentation. It highlights that BI&P's expanded credit portfolio grew 2.6% quarter-over-quarter and 21% year-over-year to R$3.1 billion. The corporate segment represented 59.3% of the portfolio. Credit quality improved with 79.1% of the portfolio rated AA-B. Net profit was R$3.6 million in 4Q12, up 15.8% year-over-year. BI&P continued developing new product offerings and niche expertise in areas like agricultural bonds and corporate ecosystem services.
The document summarizes Basel III's impact on Indian banks. Key points include:
- Public sector banks may face reduced tier 1 capital and need government support to meet growth targets. Some banks' capital levels are below Basel III requirements.
- Private banks comfortably exceed Basel III capital ratios. Foreign banks also exceed requirements but ratios don't reflect new definition of capital.
- Banks with large trading books or derivatives exposure will face higher capital needs for counterparty risk.
- All banks will need to maintain additional liquidity to meet new liquidity coverage and net stable funding ratios starting 2015.
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
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.
Northern Trust had a very strong financial performance in 2005. Net income grew 16% to $584 million and total revenues increased 15% to $2.7 billion. Assets under custody reached a record high of $2.9 trillion, up 15% from 2004, and assets under management grew 8% to $618 billion. Northern Trust continued its global expansion through acquisitions and new offices while maintaining its focus on serving private clients and institutional investors worldwide.
The document summarizes the leveraged buyout of Company A that occurred in 2005 and its subsequent sale in 2010. In 2005, the private equity firm acquired Company A for $396 million by contributing $108 million in equity and obtaining $304 million in debt financing. By 2010, the company's value had increased substantially and was sold for proceeds of $299 million to the private equity firm and $33.2 million to the unsecured lender, providing annualized returns of 22.6% and 16.6%, respectively.
The document provides a disclaimer and forward-looking statements regarding a presentation by Banco Santander Totta, S.A. and Banco Santander, S.A. It cautions that the presentation contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. It also states that the information in the presentation should be read in conjunction with other public disclosures and does not constitute an offer to buy or sell securities.
This document summarizes Generali Investor Day 2010 discussions on strategic asset allocation and risk management. It shows that from 2005 to 9M10:
- Generali increased its total assets under management from €274.8 billion to €331.1 billion despite some sales and acquisitions.
- For life insurance, Generali maintained an asset allocation consistent with its technical reserves, with over 80% in fixed income instruments to match liabilities.
- An increased allocation to corporate bonds allowed Generali to benefit from narrowing credit spreads.
The Progressive Corporation reported its financial results for July 2004. Net premiums written increased 7% to $1.298 billion compared to July 2003. Net income grew 18% to $168.1 million, while earnings per share rose 19% to $0.77. The combined ratio improved 3.3 percentage points to 82.6. Personal lines net premiums written grew 6% and commercial auto rose 19%. Progressive continued to experience strong profitability with only two unprofitable markets.
1) The document discusses Bank of America's enterprise risk management strategies and capabilities. It highlights how the bank manages various types of risk, including credit, market, and operational risk across its consumer and commercial businesses.
2) Key strengths that help the bank manage risk include its breadth of client access, industry insights, and integrated risk management structure.
3) The bank has improved its risk profile by rebalancing its commercial credit portfolio and enhancing risk monitoring tools.
Fifth Third Bancorp reported first quarter 2008 earnings of $292 million, or $0.55 per diluted share, compared to $16 million in the previous quarter and $359 million in the first quarter of 2007. Net interest income increased 11% year-over-year to $826 million due to loan and deposit growth as well as lower funding costs, while the net interest margin declined slightly. Loan balances grew 9% year-over-year led by increases in commercial and residential mortgage loans. Credit costs increased substantially due to deterioration in residential real estate, homebuilder, and development loans.
American Express Centurion Bank (AECB) is a wholly owned subsidiary of American Express that issues credit cards and provides lending to American Express cardholders. It has been in operation since 1987 and is based in Salt Lake City, Utah. AECB reported earnings of $1.4 billion, $1.0 billion, and $1.1 billion in 2006, 2005, and 2004 respectively, supported by growing loan balances outstanding. Key financial metrics like return on assets and capital ratios exceeded requirements over this period.
Sovereign Bancorp achieved strong financial results in 2000, with cash earnings per share increasing 10% and the balance sheet transforming into a more diversified commercial bank model. A key accomplishment was successfully integrating the largest branch divestiture in banking history from FleetBoston. Sovereign's goal is to achieve above average shareholder returns through consistent focus on critical success factors and implementing its growth strategy, with an aim to increase shareholder value 300% over the next five years by building on its strengthened foundation.
Fifth Third Bancorp reported first quarter 2007 earnings of $359 million, or $0.65 per diluted share, compared to $66 million in the previous quarter and $363 million in the first quarter of 2006. Net interest income was $742 million, flat compared to the previous quarter but up 3% year-over-year. Noninterest income was $648 million, significantly higher than the previous quarter due to securities losses in that quarter, and up 5% year-over-year. Average loans grew 1% sequentially and 6% year-over-year, while average deposits declined 2% sequentially but grew 1% year-over-year.
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 document provides an overview of Macquarie Infrastructure Company's fourth quarter and full year 2011 earnings conference call. It discusses positive cash generation trends, with proportionately combined free cash flow of $145.1 million for 2011. Segment performance is reviewed for IMTT, The Gas Company, District Energy, and Atlantic Aviation. Guidance is also provided for expected 2012 performance at each business. Debt profiles and compliance with debt covenants are summarized.
J&K Bank is a private sector bank incorporated in 1938 that has shown five decades of uninterrupted profitability. It has undergone a strategic shift from 2005-2009 to focus more on high margin lending within J&K while expanding niche lending in the rest of India. This has led to improved financial results such as a drop in the cost to income ratio from 44.57% in 2005-06 to 35.7% in 2009-10 and a rise in the return on assets from 0.67% to 1.33% over the same period. Asset quality has also strengthened with gross NPAs falling from 2.52% to 2.17% and coverage improving from 63.64% to 82.87
This document summarizes Philip H. Geier Jr.'s 20-year tenure as Chairman and CEO of Interpublic. During his leadership, Interpublic grew from a company with $500 million in revenue, 8,000 employees, and a market capitalization of $500 million, to a global marketing communications company with over $5.6 billion in revenue, 48,200 employees, and numerous acquisitions that expanded its service offerings. Geier shaped the modern advertising and marketing industry and brought the advertising holding company concept to life. He retired in 2000 after more than 40 years with Interpublic but will continue to advise the company as Chairman Emeritus.
The document summarizes the bank's 3Q10 results presentation on its credit operations in Brazil. It discusses the following key points:
1) Total credit volume grew 14% year-over-year to R$1.61 trillion in 3Q10, with individual credit supported by payroll lending and real estate financing. Corporate credit saw growth in non-earmarked resources.
2) Default rates showed a steady decline for individuals to 4.7% and a small retreat for corporates to 3.5% in September 2010.
3) The bank's loan portfolio totaled R$1.42 billion in local currency loans, which maintained an 80% share. Trade finance grew 35.2%
The document 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 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.
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.
This document provides an overview of BI&P's 4th quarter results presentation. It highlights that BI&P's expanded credit portfolio grew 2.6% quarter-over-quarter and 21% year-over-year to R$3.1 billion. The corporate segment represented 59.3% of the portfolio. Credit quality improved with 79.1% of the portfolio rated AA-B. Net profit was R$3.6 million in 4Q12, up 15.8% year-over-year. BI&P continued developing new product offerings and niche expertise in areas like agricultural bonds and corporate ecosystem services.
The document summarizes Basel III's impact on Indian banks. Key points include:
- Public sector banks may face reduced tier 1 capital and need government support to meet growth targets. Some banks' capital levels are below Basel III requirements.
- Private banks comfortably exceed Basel III capital ratios. Foreign banks also exceed requirements but ratios don't reflect new definition of capital.
- Banks with large trading books or derivatives exposure will face higher capital needs for counterparty risk.
- All banks will need to maintain additional liquidity to meet new liquidity coverage and net stable funding ratios starting 2015.
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 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 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
Paraná Banco reported its financial results for 4Q08 and full year 2008. Key highlights include:
- Net income of R$84.1 million in 2008, with the insurance sector contributing 27.2%
- Total assets of R$1.9 billion, growing 5.1%
- Origination of payroll-deductible
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.
Brian Moynihan, president of Global Wealth & Investment Management at Bank of America, discusses opportunities for growth. GWIM is a large competitor providing strong returns. The best opportunity is to leverage BofA's large franchise of over 8 million affluent customer relationships. BofA is capturing this opportunity through investments in client managers and advisors, and by deepening relationships through referrals across business lines. There is potential for much more growth by further leveraging the bank's strengths.
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.
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.
The document summarizes a public meeting held by Banco Indusval Multistock on August 19, 2010.
Banco Indusval Multistock is a mid-sized Brazilian bank with over 40 years of experience in the financial market, focusing on lending to mid-market companies. The bank has a loan portfolio of R$1.8 billion, total assets of R$3 billion, and equity of R$430 million.
The meeting covered the bank's loan portfolio performance, funding and liquidity, results, brokerage business, capital markets activities, and sustainability efforts. Key topics included the bank's growth strategy, credit trends in Brazil, quality of the loan portfolio, and sources of funding
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.
This document is an investor presentation for Citizens Republic Bancorp's first quarter of 2009. It summarizes Citizens Republic as a regional bank with a retail community banking focus. It highlights Citizens Republic's strong capital and liquidity positions, conservative credit culture, and consistent pre-tax pre-provision earnings that can handle credit volatility. The presentation also shows Citizens Republic's improving deposit funding and reduced reliance on wholesale funding.
MF Transparency is a US-based non-profit organization that promotes pricing transparency in the microfinance sector. They have collected pricing data from over 400 institutions in 28 countries, representing over $14 billion in loans to 38 million clients. Their work includes data collection, training, and consulting with regulators on disclosure policies. The document discusses their efforts in the Philippines, including an upcoming data launch and technical assistance for participating MFIs. It also covers the Philippines' Circular No. 730 which aims to enhance loan transaction transparency through standardized disclosure of pricing information.
The banking sector in Malaysia saw stable loan growth of 10.9% year-over-year in March 2009, driven partly by a 20-30% jump in loans to government agencies and non-bank financial institutions. However, leading loan indicators remained subdued and loan growth is expected to slow significantly to 2-3% in 2009 due to weaker economic conditions. Non-performing loan ratios continued to improve in March. The report maintains a neutral outlook on Malaysian banks, expecting them to perform better than anticipated despite the economic downturn.
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$9,9 milhões, especialmente impactado pelo efeito da descontinuidade da designação de hedge accounting e pelo fato dos investimentos realizados
More from BI&P - Banco Indusval & Partners - Investor Relations (20)
2. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
1
3. Total Credit Volume and Segmentation
Volume of Credit Operations
R$ billion 1,529
1,410
1,227
Credit to individuals growth continues
32% 33%
936 29% supported by payroll lending, vehicle and real
state financing.
29%
In Corporate Credit earmarked resources
733 from BNDES still stand out.
607 67%
71% 71% 68%
Public institutions account for 42.3% of total
2005 2006 2007 2008 2009 Jun/10 loans in the financial system
Nonearmarked Resources Earmarked Resources
Variation% Individuals Corporate
Non Non Total
Earmarked Earmarked Credit
Jun/10 earmarked Total earmarked Total
Resource Resources
Resource Resources
In the month 0.9 1.3 1.0 2.6 3.1 2.8 2.0
In the quarter 3.9 6.0 4.5 5.8 6.3 6.0 5.3
In the year 7.6 12.5 8.9 5.6 10.6 7.5 8.1
In 12 months 16.4 26.9 19.1 10.2 40.7 20.3 19.7
Source: Central Bank of Brazil – Credit Information System - SCR
2
4. Credit Default Ratios
Stabilized in Corporate Credit
and continuous decline in credit to Individuals
10
9
8
7
6.6%
6
%
5 5.0%
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 Apr May Jun
2006 2007 2008 2009 2010
Default Rate on Loans to Individuals: Fast retreat from June 2009.
Default Rate on Corporate Loans: Accelerated increase until September/09, with slow decline
from November 2009 to March 2010, when stabilized at 3.6%
3
5. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
4
6. Credit Loans over R$ 1.7 billion *
* Including guarantees issued and L/Cs
Local Currency Loans Trade Finance
R$ Million R$ Million
-3.7%
1,460.0 1,405.4
1,385.7
+33.5%
333.3 357.2
267.5
2Q09 1Q10 2Q10 2Q09 1Q10 2Q10
Local currency loans maintain 80% 88% export financing (ACC/ ACE)
participation in total loan portfolio
L/Cs and Import financing respond for 12% of
Prevalence of Working Capital Loans and Trade Finance business
Discounts = 68% of Total Loan Portfolio
In foreign currency, portfolio growth of 3% in the
Guarantees issued in local currency
represent only 4.7% of the portfolio in Reais quarter and 41% in 12 months:
• US$ 136.6 million in 2Q09
• US$ 186.9 million in 1Q10
• US$ 192.1 million in 2Q10
Credit Assignment Guarantees issued and L/Cs
5
7. Credit Portfolio Breakdown
By Economic Activity By Currency
Individuals
Finance
8%
Interm. Foreign
1% Currency
21%
Services
23%
Industry
57%
Local
Currency
Commerce 79%
11%
By Client Concentration By Tenor
The average of contracts final tenors is 451 days
10 largest Above 360
Other
19% days
25%
28% Up to 90
days
38%
11 to 60 181 to 360
61 to 160 32% 15%
24% 91 to 180
19%
6
8. Loan Portfolio breakdown by Industry
FOOD, BEVERAGE AND TOBACCO
AGRIBUSINESS
12% HEAVY CONSTRUCTION
22%
1% 1% CHEMICAL AND PHARMACEUTICA
3% AUTOMOTIVE
3% TRANSPORTATION & LOGISTICS
EDUCATION
3% TEXTILE, CLOTHING & LEATHER
METAL INDUSTRY
3%
FINANCIAL INSTITUTIONS
4% 15%
OIL AND BIOFUEL
4% FINANCIAL SERVICES
4% INDIVIDUALS
4% 10%
5% 5% INTERNATIONAL TRADE
PAPER & PULP
OTHER INDUSTRIES
7
9. Developments in Loan Portfolio Quality
Asset Quality
Risk Rating Collateral Structure - Middle Market
D-H Vehicles
Real State
12% 10%
2% Aval PN
21%
A Monitored
33% Pledge
11%
Pledge/Lien
Securities
6%
4%
C
27%
B
Receivables
28%
46%
NPL(*) / Total Loan (%) Allowance for Loan Losses
(*) Total amount of contracts with any installment overdue above 60 days
6.9
118.2
110.7 107.8
3.5
2.6
2Q09 1Q10 2Q10 2Q09 1Q10 2Q10
Provisions of 6.4% of Loan Portfolio ensure good coverage = 51% of D-H and 245% of NPL 60 days
8
10. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
9
11. Stable volumes, Longer tenors
Total Funding Funding Breakdown
R$ Million
BNDES
+6.1% Onlending
Foreign 5%
1,880.7 1,880.6 Borrowings
1,772.3 22%
Time
Deposits
Interbank 40%
Deposits
2%
Demand
Deposits
2% LCA
1%
DPGE(*)
2Q09 1Q10 2Q10 28%
Predominance of local currency funding Time Deposits (CDs + DPGEs) equivalent to
73% in Deposits 68% of total funding
16% Trade Finance lines Lengthening of average term to maturity of total
6% IFC A/B Loan deposits to 593 days in the 2Q10 from 494 days
5% BNDES onlending lines in the 1Q10:
CDBs: R$ 743.8 MM - 382 days
DPGEs: R$ 525.4 MM - 946 days
Interbank Deposits: R$ 45.7 MM - 142 days
(*) Time Deposits insured by Fundo Garantidor de Crédito (FGC)
10
12. Good Liquidity maintained
Free Cash (*)
R$ Million Management of liquidity, interest
rate, currencies and tenor
735,2
mismatch risks is our Treasury’s
707,9 695,5 main task
Free Cash:
51% of Total Deposits
162% of Shareholder’s Equity
2Q09 1Q10 2Q10
Assets and Liabilities Management
R$ Million
720,1
(*) Free Cash = 586,4
558,5 533,1
(Cash + Liquid Financial Assets + Securities + Derivatives)
382,7
(-) 306,8 293,2 285,8
(Open Market Funds + Derivatives)
90 days 180 days 360 days Above 360 days
Assets Liabilities
11
13. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Results from Operations
Indusval Multistock Corretora
Share Performance
12
14. Financial Intermediation Profit stands complementary provisions
Income from Financial Intermediation Gross Profit from Financial intermediation
R$ Million R$ Million
+7.8%
114,4 -3.5% 110,4
102,3 +2.9%
-6.1%
32.1 35.2 33.1
2Q09 1Q10 2Q10 2Q09 1Q10 2Q10
3.5% drop in Income from Financial Gross Profit from Financial Intermediation
Intermediation in the quarter derived from lower equivalent to 30% of Income from Financial
FX variation volume on Trade Finance operations Intermediation in the 2Q10 towards 31% in the
1Q10 and 2Q09.
The FX rate effect also reflected in the reduction
in Expenses with Foreign Borrowings Increase of 10.4% in the expenses of
Allowance for Loan Losses to maintain the
volume of complementary allowance for loan
losses in R$ 11 million and give good
coverage to exposure of the loan portfolio
13
15. Efficiency keeps evolving
Net Operating Expenses Efficiency Ratio
R$ Million In %
+9.6 p.p.
-5.8
61.0% p.p.
55.2%
-14.6%
45.6%
-14.3
24.5 24.4 %
20.9
S&P Model
2Q09 1Q10 2Q10 2Q09 1Q10 2Q10
Net Operating Expenses reduced to 63% of Decrease of net operating expenses offset a
Result from Financial Intermediation small reduction in results of financial
compared to 69% in 1Q10 and 76% in 2Q09, intermediation, with favorable impact on the
as result of: efficiency ratio in the quarter.
Strict control of operating expenses
Maintaining this trend should remain as the
Increased contribution of other revenues, positive scenario persist.
operating, including positive exchange
variation on arbitrage operations.
14
16. Recovering profitability
Net Profit Net Interest Margin (NIM)
R$ Million
NIM GIM
+2.5%
8.3 6,8%
8.1 7.3 +13.7%
4,9%
2Q09 1Q10 2Q10 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10
GIM= Gross Interest Margin
Net Profit progressed due to reduction of: NIM 0.2 p.p. drop in the quarter reflects:
14% in Net Operating Expenses; and
25% in Profit Sharing - management and employees
• The increase of Trade Finance share in
the average interest bearing assets;
Compensating: and
6% drop in Financial Intermediation Result; and
25% increase in Income Tax and Social Contribution • Maintenance of liquidity levels
Recurring Profit in the quarter was 22% higher
than 2Q09 which had a non-recurring net income
of R$ 1.3 million
15
17. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
16
18. Investment plan maintained
Challenging market in 2Q10
The brokerage firm modernization process keeps its pace with investments in
technology and people to develop new products and markets within its strategic
targets:
• To broaden the institutional clients and qualified individual investors base
• To expand to the retail segment
• To become an institutional clients’ liquidity center
Repositioning in the BM&F Ranking
• 2Q09: 53th position
• 1Q10: 17th position
• 2Q10: 33th position
17
19. Credit Behavior in Brazil
Loan Portfolio
Funding and Liquidity
Result from Operations
Indusval Multistock Corretora de Valores
Share Performance
18
20. Capital Distribution and Free Float
On August 10, 2010, the Board of Directors of Banco Indusval Multistock approved:
The cancellation of 1,262,117 preferred shares held in treasury
# of Shares # of Shares Treasury # of Shares
Class
06.30.2010 Cancelled 08.11.2010
Common 27,000,000 -0- 27,000,000
Preferred 15,475,101 (1,262,117) 14,212,984
TOTAL 42,475,101 (1,262,117) 41,212,984
Current free float:
# of Shares Controlling # of Shares Free
Class Management
08.11.2010 Shareholders Free Float Float
Common 27,000,000 (17,116,173) (2,574,369) 7,309,458 27.07%
Preferred 14,212,984 (1,038,047) (159,570) 13,015,367 91.52%
TOTAL 41,212,984 (18,154,220) (2,733,939) 20,324,825 49.32%
The closure of the 3rd share buyback program; and,
The opening of the 4th preferred shares buyback program for the acquisition of up to 1,301,536
preferred shares in force until Aug.09,2011 to be maintained in treasury, future sale or
cancellation, without capital reduction.
19
21. Shareholder Remuneration
BIM’s practice for shareholder remuneration in the last years is
the quarterly anticipated payment of Interest on Equity
27.0
25.5
6,7
6,4
15.8 6,6
6,5
6,1 12.6
11.6
2,6
10.1 6,9
2,2 6,6 6,3
3,0 2,4 5,1
R$ MM
2,9 2,7 2,3 6,0 6,8 6,3
2,9 2,8 2,3
2005 2006 2007 2008 2009 2010
1Q 2Q 3Q 4Q
Remuneration per share
2005 2006 2007 2008 2009 1H2010
R$ 0,3657 R$ 0,3249 R$ 0,3688 R$ 0,5994 R$ 0,6423 R$ 0,3022
20
23. In Summary
Credit Behavior in Brazil
Private Financial institutions start reaction, however, the public banks reach a high 42%
participation in total credit in financial system.
Loan Portfolio
More positive macroeconomic scenario reflected in better SMEs performance.
Slow origination retaking, with a 2.5% portfolio QonQ growth overcoming the maturities and
write-offs in the period.
Trade Finance portfolio has a faster reaction as a consequence of the scenario.
Retreated default levels maintained from March/2010.
Good loan loss allowance NPL coverage.
Funding and Liquidity
Available volumes at longer tenors.
Results
Controlled Operating Expenses contributed to better results with Net Profit 14% higher than
the previous quarter and 22% above the recurring results of 2Q09.
22
24. 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.
23
25. 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
24