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Based on June 2015 consolidated figures
CREDIT EUROPE BANK NV
FIBA Group
2
Fiba Holding (1)
Total Assets : $15.08 billionTotal Equity : $ 1.39 billion
Fina Holding
An international conglomerate with in-depth expertise in financial sector
Ikano Finance Holding B.V
CEB Ltd (RU)
CEB (Suisse) SA (CH)
CEB (UA)
Credit Europe Leasing LLC (UA)
Credit Europe Leasing SA (RO)
CEB SA (RO)
CEB Ltd (UAE)
89.31%
100%
99.99%
100%
100%
99.99%
100%
98.93%
50%
Bank
Other Financial Institution
40%
GEFIRUS SAS (France)
100%
Cirus Holding B.V. Netherlands
Joint Venture
50%
Oney Bank Russia
Ikano Bank Russia
100%
100%
Financial Non-financial
Notes: (1) Audited Dec 2014 financials.
FIBA Group
3
Fiba Holding
Retail Real Estate Marine & Logistics
Energy Other
Port Real Estate
Development
Real Estate Management
Kumport Port Services,
Turkey
Fina Holding (1)
Total Assets : $ 3.30 billionTotal Equity : $ 1.10 billion
Turkey
Turkey, Russia, Ukraine
Turkey, Russia, Ukraine
Turkey
Turkey, Russia,
AJT, Turkey
Fiba Mall Management
ICS Lemi Invest Moldova
Turkey
Financial Non-financial
Notes: (1) Audited Dec 2014 financials.
Principle
Respect interests of customers and
other stakeholders
“Simple Banking” model providing
“plain vanilla” products to clients
Adhere to local and international
regulations
Strategy
Retail: Conventional and easy to use, retail banking and SME products provided through direct channels
besides 132 branches and 23,780 point
of sale terminals across 6 countries
Corporate: International corporate banking with local experience and expertise, tailor-made trade services
and special expertise in financing of
selected commodities
Robust risk managementNo dividend payment policy supports
growth and enhances capital
Strategy
Current Product/ Country Matrix Across 11 Countries
Strategic Roadmap To Further Strengthen CEB’s Franchise
Key Business Lines Strategy
RetailLoans
Deposits
Implement best practices within the group, across all geographies and business lines in both risk management and sales/marketingOffer easy and transparent retail products such as deposits, credit
cards, loans through various distribution channels
Fine tune asset liability structure by offering time deposit accounts 1 to
10 years
Corporate
Structured Trade & Commodity Finance
Balance Sheet & Project Finance
Specialised TCF teams in Amsterdam, Geneva and Dubai
Increase the market share in selected commodities
Expand trade finance customer base by leveraging on local presence
and market expertise
Focus on project finance and balance sheet lending to solid companies
within target sectors and geographies. N
eth
erl
an
ds
Ge
rma
ny
Be
lgiu
m
Ma
lta
Sw
itze
rla
nd
Ro
ma
nia
Ru
ssia
Uk
rain
e
U.A
.E.
Ch
ina
Tu
rke
y
Corporate & Commercial Banking
Retail Banking
Private Banking and Portfolio Mgmt
Representative Office
International bank with strong Emerging Europe “experience” and focus on corporate and retail banking
Key elements of success:
� Effective management of assets
� Integration of business lines
� Close proximity to clients
1
Strengthening franchise in selected products and business lines with no new geographic expansion planned
Strategic OverviewStrategic Overview
2
4
Figures at a Glance
€mm Jun-14 Dec-14 Jun-15
Total Assets 10,085 8,715 9,016
Loans to Customers 6,789 5,855 5,493
Customer Deposits 6,158 5,788 5,636
Net Income 41.09 58.01 26.02
Operating Expenses 127 256 117
Trade Volume 5,693 11,359 6,283
Cost/Income Ratio ( %) 44.40 45.70 39.30
CET 1 9.66 11.11 10.75
in € million
StrategyClose proximity to clientsEasy to use productsCommitment to retail and corporate banking
� Low Leveraged Balance Sheet
� Stable Deposit Base
� Strong Capitalisation
� Sensitive to Asset Quality
� Dynamic & Hands-On Management
5
CEB NL CEB RU CEB RO CEB CH CEB AE CEB UA
Total Assets (€mm) 6,131 2,252 999 563 242 95
Loans to customers (€mm) 2,975 1,685 533 226 160 52
Customer Deposits (€mm) 4,153 664 578 204 31 10
Net Income (€mm) 34 (8) 4 3 5 0
# of Employees 293 3,015 825 55 22 55
# of Customers ('000s) 357 3,078 605 1 - 2
# of Branches 4 69 58 1 1 1
Consolidated Solo
CEB NV Consolidated– Balance Sheet
ASSETS (€’000) Jun-14 Dec-14 Jun-15
Cash and balances at CB 275,197 375,330 603,244
Financial assets at FVPL 15,060 19,184 4,916
Financial investments 1,405,358 1,243,658 1,328,714
Due from banks 982,024 364,224 726,583
Loans to customers (net) 6,789,147 5,854,569 5,493,383
Other assets (incl derivative financial instr.) 617,835 857,654 859,810
Total Assets 10,084,621 8,714,619 9,016,650
LIABILITIES (€’000)Jun-14 Dec-14 Jun-15
Due to customers 6,510,269 5,788,178 5,636,025
Due to banks 1,301,799 773,676 767,311
Issued debt securities 668,741 399,049 669,172
Other liabilities (incl derivative financial instr.) 323,936 453,934 522,667
Subordinated liabilities 584,659 513,701 568,895
Total Liabilities 9,389,404 7,928,538 8,164,070
EQUITY (€’000)Jun-14 Dec-14 Jun-15
Share capital 429,500 429,500 632,464
Share premium 163,748 266,712 163,748
Profit for the period 41,027 58,033 24,758
Retained earnings 348,790 348,724 397,569
Hedge reserves (133,165) 11,299 (86,182)
Fair value reserves (6,324) (12,716) (32,579)
Translation reserve (152,193) (317,300) (248,916)
Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862
Equity attributable to minority interests 3,834 1,829 1,719
Total Equity 695,217 786,081 852,581
Total Liabilities & Equity 10,084,621 8,714,619 9,016,650
Key Ratios Jun-14 Dec-14 Jun-15
Loans/Assets 67.3% 67.2% 60.9%
Av. Loans/Av. Deposits 107.4% 106.1% 99.3%
Increase in cash and cash equivalents together with due from banks are due to
increased liquidity
Asset size €9.0 billion
decrease in loans to customers by 6.17% mainly because of lower risk
appetite towards generating new Russian retail loans (RUBdenominated) which is partially compensated by
stronger RUB against EUR (Dec ’14 - 73.21; Jun ’15 - 62.19)
12% increase in corporate loan book of other CEB entities
Customer focused balance sheet with loans representing 61% of total assets.
Solid liquidity profile High quality liquid assets totaling to € 1.9 billion.
Diversified funding base The Bank has a granular customer deposit base composed
of €4.1 billion retail deposits and €1.5 billion corporate deposits collected both in
developed and emerging markets.
Fresh capital injection € 100million in the 1st quarter of 2015
Low leveraged business model with high quality capitalization (*)� Solvency ratio of 16.1% (H1 2014: 13.9%)
� Common Equity Tier I ratio of 10.8% (H1 2014: 8.5%)
� Leverage ratio at 8.5% (H1 2014: 6.8%)
Healthy ‘loans to deposits’ and ‘loans to assets’ ratio with 99.3% and 60.9%
respectively at the consolidated level.
*Profit for the first half of 2015 has not been accounted in calculation of solvency ratios.
6
CEB NV Consolidated– Income Statement
INCOME STATEMENT (€ '000) Jun-14 Dec-14 Jun-15
Interest Income 461,150 900,729 365,626
Interest Expense (251,154) (504,381) (227,379)
Net Interest Income 209,996 396,348 138,247
Commission Income 65,505 140,133 59,571
Commission Expense (29,472) (65,564) (25,707)
Commission income, net 36,033 74,569 33,864
Net trading income 4,238 9,785 4,759
Other operating income 8,389 27,282 15,157
Results from financial transactions 27,133 52,411 65,737
Operating Income 39,760 89,478 85,653
Impairment losses (113,626) (243,579) (107,966)
Net operating income 172,163 316,816 149,798
Personnel expenses (71,856) (132,826) (55,514)
G&A expenses (43,609) (85,926) (33,368)
Depreciation and amortisation (9,003) (17,055) (8,978)
Other operating expenses (2,245) (7,461) (9,484)
Other impairment losses (256) (12,936) (11,417)
Total operating expenses (126,969) (256,204) (118,761)
Share profit of associates 599 2,340 233
Profit Before Tax 45,792 62,952 31,270
Tax charge (4,702) (4,940) (6,465)
Profit for the period 41,090 58,013 24,805
Key Ratios
NIM 4.7% 4.7% 3.4%
Cost/Income 44.4% 45.7% 41.6%
RoE (before tax) 13.6% 10.5% 7.5%
RoA (before tax) 1.0% 0.8% 0.7%
Target
Cost optimisation without jeopardising franchise
Close watch asset qualityProfitability in all geographies
Swift reaction to change market dynamics
Increase at corporate portfolios in Western
Europe & CEB Dubai
Performance
Decrease in interest income is attributed to
decreasing portfolio in retail loan book at
CEB Russiadecreasing average yield on interest
earning assets at CEB RomaniaThe increase in the income from financialtransactions was as a result of trading of sovereign
bonds thereby grabbing the market opportunity.
Decrease in impairment losses due to decreasing
retail loan portfolio
Personnel expenses reduced by 25% YoY due to
consolidation in CEB Russia
€25 million consolidated net income for halfyearCost/income ratio improved to 41.6%
Decrease in the profit attributed to the decrease of business activities in the Russian Retail portfolio
OverviewOverview
7
Assets in € million Jun-14 Dec-14 Jun-15
Cash & CB balances 275 375 603
Marketable securities 1,420 1,263 1,334
Due from banks 982 364 727
Loans to customers 6,789 5,855 5,494
- Corporate loans 3,875 3,855 3,659
- SME loans 170 138 99
- Retail loans 2,743 1,861 1,736
Derivative financial instruments 208 451 443
Fixed assets 136 172 197
Other assets 274 235 218
TOTAL 10,085 8,715 9,016
8
Corporate
67%Retail
31%
SME
2%
CEB NL
66%
CEB RU
17%
CEB RO
5%
CEB SU
6%
CEB DU
4%
Other
2%CEB NL
23%
CEB RU
59%
CEB RO
18%
Total Loans€5,494 million
Total Corporate Loans€3,659 million
Total Retail Loans€1,736 million
Cash &
Banks
15%
Securities
15%
Other
9%
Loans to
customers
61%
Total Assets€9,016 million
Customer focused balance sheet
61% of total assets represent loan
portfolio
Loan breakdown Corporate loans per entity Retail loans per entity
Assets by product type
Assets
Int’l Trade & Commodity Finance
Since its inception, CEB has been a niche player in structured trade and
commodity finance
Broad client range: large volume traders to small trading units
Through our presence in key trading hubs such as Amsterdam, Geneva
and Dubai as well as in raw material exporting and importing countries,
we are perfectly positioned to handle our customers’ trade finance
transactions across the globe
Self-liquidating, secured or partly secured and short-term nature of trade
finance accompanied by in-depth expertise gained over the years has been
demonstrated this to be a sustainable business line and as well as proven
to be resilient to turbulent times
An increase of 10% in trade volumes on a year-on-year basis as on 30th
June 2015
Open to innovative trade products and structures
Serving traders with a range of specialised products
� Inland financing, prior to shipment against warehouse receipts, tank
warrants and FCR
� Bills of Lading financing
� Distribution and Warehouse financing in the import country
� Receivables financing for sales to reputable parties
� Freight financing, covering transportation costs for sizable amounts
Corporate Banking Trade Volumes (€ million)Int’l Trade & Commodity Finance
Trade Volume Subsidiary Mix
Jun-14 Dec-14 Jun-15 ∆%
CEB NL(1)
3,982 7,710 4,484 12%
CEB RU(2)
763 1,787 822 8%
CEB CH(1)
412 752 364 (11%)
CEB Dubai1)
531 1,100 606 14%
TOTAL (incl others)5,693 11,359 6,283 10%
(1) Entities with special focus on trade and commodity finance
(2) CEB Russia provides trade related loans only
CEB NL
71%
CEB DU
10%
CEB RU
13%
CEB CH
6%
9
Int’l Trade & Commodity Finance
Import LC
22%
Export LC
10%
Collections
23%
LG
5%
Cash Financing
(Pre-export &
Receivable
Financing)
40%
Strategy
Specialized in• Metals (Ferrous and non-ferrous)• Energy materials (oil & coal)• Agro-chemicals (incl. fertilizers)• General chemicals (plasticizers and polymers)• Soft commodities (excl. perishables)
Serving more than 200 worldwide freight brokersand ship owners for the daily cash flows
2015
Further focus on asset creation in G10 countries Historically low loss given default ratio Greater emphasis on developing Western European & CEB Dubai trade book
Trade Volumes by Product Dec -2014
Trade Volumes by Product Jun-2015
10
Import LC
20%
Export LC
9%
Collections
18%
LG
4%
Cash Financing
(Pre-export &
Receivable
Financing)
49%
Liabilities
11
Deposits Represent 63% of Total Funds
Deposits remain the main funding source of the bank
Total Liabilities & Equity: €9,016 million
Deposit Collection Capabilities
CEB taps retail deposits across a range of geographies through
direct banking in the Eurozone in addition to its branch network in
Eastern Europe
Low operational costs in Euro zone allow competitive rates to be
offered, especially in long-term time deposits
Well diversified deposit base with average deposit size c. € 12
thousand & more than 500,000 deposit holders in 6 countries
Proven customer stickiness in Western Europe: 60% of the total
deposits outstanding as of FY2007 are still with CEB as on Sep 2015
� Controlled outflow of Eurozone deposits in line with the
liquidity strategy
� Cost of Retail deposits in Western Europe came down from
3.00% ( June 2011)to 1.82% (June 2015)
Evolution of Customer Deposits By Geography
Evolution of Customer Deposits By product
CEB NL
74%
CEB RU
12%
CEB RO
10%
CEB CH
3%
Total Customer Deposits: €5.636 million
Corporate
Current
11%
Corporate
Time
17%
Retail
Time
43%
Retail
Current
29%
Total Retail Deposits: €4,060 million
Total Corp Deposits€1,576 million
Total Time Deposits: €3,369 million
Total Current Deposits: €2,267 million
68% 73% 68% 76% 74%
32% 27% 32% 24% 26%
2011 2012 2013 2014 1HY15
Eurozone Non-Eurozone
Around 26% of all deposits is collected outside
Eurozone
Deposits
63%Due to
banks
9%
Debt
securities
7%
Subdebt
6%
Equity
9%
Other
6%
€1.500million of deposits collected outside the Eurozone
2010 2011 2012 2013 2014 1HY15
Demand 2,365 2,098 1,863 1,941 2,141 2,267
Time 4,820 5,422 4,069 4,061 3,647 3,369
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Capital Position
12
Leverage Ratio Solvency Ratio
Stable and proven low leveraged business model - CRDIV leverage
ratio of 8.51% at June 2015
Strong capital position:BIS ratio 16.10%
CET 1 ratio 10.75%
Strong shareholders, committed to strengthen the franchise, nodividend payment to the ultimate shareholder; significant capital
generating capacity via retained earnings
Decrease at the consolidated RWA is partially compensated by the
appreciation of RUB against EUR
In March 2015, the shareholders injected fresh total common equity of
EUR 100 million, which further strengthened CEB’s capital position.
Regulatory Capital Jun-14 Dec-14 Jun-15 %YTD ∆
Tier 1 Capital 758,363 742,609 808,426 6.20%
Total Capital 1,087,825 1,113,254 1,210,607 10.15%
RWA 7,848,650 6,682,607 7,520,536 (4.20%)
CET1 9.66% 11.11% 10.75% 11.30%
CAR 13.86% 16.66% 16.10% 16.20%
7.69%7.72% 7.34%
7.73%
6.98%6.73% 6.60%
6.80%
8.31%
8.51%
Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15
Leverage Ratio
13.25% 13.09% 12.73%12.93% 13.40% 13.75% 13.47% 13.33%
16.00% 16.10%
10.07% 9.88% 9.51% 9.28% 8.89% 7.89% 8.12% 7.96%
11.11% 10.75%
Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15
Solvency Ratios
Solvency Ratio Core Tier 1 Ratio
*Profit for the first half of 2015 has not been accounted in calculation of solvency ratios.
CEB Netherlands
Established in 1994
Major business lines: retail, international trade finance and financial institutions
Corporate Banking is serving over 1,500 customers in 40 countries
Well diversified loan portfolio composed of:• Structured trade and commodity finance• Balance sheet lending• Marine finance
Retail banking is serving approximately 400,000 customers in 4 countries;Netherlands, Germany, Belgium, Malta
Focus on customer-friendly direct banking products• Savings: Daily Deposits, Time Deposits• Loans: Installment Loan, Revolving Loan and loan related insurance products
Strong retail deposit base
(€ million)
Balance Sheet Jun-14 Dec-14 Jun-15
Total Assets 6,606.0 6,121.0 6,131.1
Loans to customers, net 3,243.5 3,387.1 2,975.3
Marketable Securities 1,109.0 784.0 793
Customer Deposits 4,728.3 4,395.7 4.152.8
Subordinated Liabilities 435.1 380.3 412.5
Shareholders’ Equity 691.1 784.3 852.1
Income Statement Jun-14 Dec-14 Jun-15
NII 34.9 70.6 41.1
Net Fee & Commission Income 7.7 15.9 9.7
Trading & Other Operating Income 24.8 41.5 45.1
Total Operating Income 67.4 127.9 95.9
Impairment Losses 21.9 59.6 32.4
Personnel Expenses 15.7 28.9 14.4
Operating Expenses 8.1 16.1 8.8
Net Income 22.1 30.4 33.7
Key Ratios Jun-14 Dec-14 Jun-15
NIM 1.5% 1.5% 1.7%
Cost/Income Ratio 35.4% 35.1% 24.2%
Cost of credit 1.4% 1.4% 3.9%
Av. Deposits/ Av. Loans 152.6% 148.2% 145.3%
RoA (After Tax) 0.7% 0.5% 1.1%
Assets Loan Portfolio
13
Loans to
customers 48%
Other Assets
20%
Securities
13%
Cash and
Equivalents
6%Due from
Banks 13%
Corporate
87%
Retail 13%
CEB Russia –
Established in 1997 as a subsidiary of Fiba Group and is present in 48 citiesand 41 regions of Russia, covering an area which accounts for 85% of retailbanking activities in Russia
Reputable bank in Russian banking system, eligible for Ministry of Finance,Central Bank and Housing Fund financing facilities; eligible for Pension Funddeposits and its guarantees are accepted by CBR and Russian Customs
More than 10,000 corporate, commercial and SME customers in Moscow andseven other major regions : Kazan, Samara, Ufa, Rostov on Don, St. Petersburg,Yekaterinburg, Novosibirsk
Partnership programs with the leading retail companies of RF: Leroy Merlin,IKEA, Mega, Auchan, Metro
Joint car loan programs with distributors: Hyundai, Hyundai Comtrans, UZDaewoo, Mitsubishi, Mitsubishi Fuso, AvtoVAZ, KIA, Gaz, Chery, Lifan, FAW,Toyota Hino, Iveko
(€million)
Balance Sheet Jun-14 Dec-14 Jun-15
Total Assets 3,085.9 1,945.9 2,251.5
Marketable Securities 90.1 141.5 244.1
Loans to customers, net 2,614.1 1,552.7 1,684.8
Customer Deposits 960.6 583.8 663.9
Debt Securities Issued 725.1 435.0 713.9
Subordinated Liabilities 181.6 195.6 224.1
Shareholders’ Equity 455.5 269.5 302.4
Income Statement Jun-14 Dec-14 Jun-15
NII 138.7 253.2 68.6
Net Fee & Comm Income 16.5 35.0 13.5
Trading and other Income 8.3 23.5 12.4
Total Operating Income 163.5 311.7 94.5
Impairment Losses 77.9 146.6 59.0
Personnel Expenses 39.3 71.4 24.4
Operating Expenses 31.7 61.4 21.4
Net Income 11.2 22.8 (8.3)
Key Ratios Jun-14 Dec-14 Jun-15
NIM 9.7% 9.7% 7.1%
Cost/Income Ratio 43.4% 42.6% 48.4%
Cost of credit 5.5% 5.7% 6.6%
Av. Deposits/ Av. Loans 36.2% 36.1% 37.5%
RoE (After Tax) 4.6% 5.0% -6.7%
RoA (After Tax) 0.7% 0.7% -0.9%
Assets Loan Portfolio
14
Loans to
customers 75%
Other Assets
5%
Securities
11%
Cash and
Equivalents
9%
Retail
61%
Corporate
36%
SME 3%
CEB Romania (€million)
Balance Sheet Jun-14 Dec-14 Jun-15
Total Assets 1,039.3 1,034.1 998.9
Marketable Securities 217.1 334.5 285.5
Loans to customers, net 585.1 509.9 532.9
Customer Deposits 633.8 601.9 577.6
Shareholders’ Equity 176.0 170.6 160.5
Income Statement Jun-14 Dec-14 Jun-15
NII 21.5 45.1 15.5
Net Fee & Commission Income 6.6 13.4 6.2
Trading & Other Operating Income 5.7 23.9 23.8
Total Operating Income 33.9 82.4 45.5
Impairment Losses 12.4 42.8 15.5
Personnel Expenses 10.4 19.6 9.3
Operating Expenses 10.9 22.5 14.8
Net Income/ (Loss) 0.21 (1.8) 4.4
Key Ratios Jun-14 Dec-14 Jun-15
NIM 4.8% 5.0% 3.4%
Cost/Income Ratio 62.9% 51.1% 52.9%
Cost of credit 3.5% 5.7% 3.5%
Av. Deposits/ Av. Loans 104.9% 107.3% 113.5
RoE (After Tax) 0.025% -1.1% 5.2%
RoA (After Tax) 0.004% -0.2% 0.8%
Acquired by Fiba Group in 1999
Ranked number 15th by asset size out of 42 banks in Romania
Present in 27 counties of Romania through 58 branches covering 65% ofthe country
A stable and granular deposit base is the core funding source of the
bank. The total customer deposits of the bank remained stable around
EUR600 million, while the cost of deposits have come further down. (in
line with the strategy)
Main franchise of the Bank is its credit cards business; CardAvantaj is
the 2nd largest credit card product in the market with 18% market share
(300,000 credit cards)
An extensive network of POS devices, representing 7% market share.
Installment payments extended online via e-commerce partners(Groupon, Vodafone, etc.)
Decreasing trend in Impairment Losses
Note
1. Basel II methodology
15
Assets Loan Portfolio
Loans to
customers 53%
Other Assets
7%
Securities
29%
Cash and
Equivalents
11%
Retail
58%
Corporate
31%
SME
11%
CEB Suisse(€ million)
Balance Sheet Jun-14 Dec-14 Jun-15
Total Assets 417.1 481.0 567.6
Marketable Securities 57.5 57.9 77.4
Loans to customers, net 191.3 241.9 225.9
Customer Deposits 154.2 171.1 204
Shareholders’ Equity 125.1 129.8 138.3
Income Statement Jun-14 Dec-14 Jun-15
NII 8.0 15.5 6.9
Net Fee & Commission Income 3.3 7.0 3.1
Trading & Other Operating Income 0.9 0.8 1.2
Total Operating Income 12.2 23.3 11.2
Impairment Losses 1.6 2.1 0.7
Personnel Expenses 3.8 7.9 4.4
Operating Expenses 2.1 4.3 2.3
Net Income 3.6 6.7 2.8
Key Ratios Jun-14 Dec-14 Jun-15
NIM 3.7% 3.8% 3.2%
Cost/Income Ratio 47.6% 52.3% 59.7%
Cost of credit 1.5% 1.1% 0.6%
Av. Deposits/ Av. Loans 86.7% 79.8% 84.5%
RoE (After Tax) 5.8% 5.3% 3.9%
RoA (After Tax) 1.4% 1.4% 1.0%
Acquired by Fiba Group in 1990, first non-Turkish subsidiary of FIBA Group
Expertise in trade finance in Switzerland for close to 25 years, specialized inmetals, energy, textile, agro-chemicals, chemicals, and soft commodities
Provides investment advisory and asset management services to over 850
customers
Total assets under custody reached €1.2 billion as of June 2015
Note
1. Statutory
16
Assets Loan Portfolio
Loans to
customers 40%
Other Assets
19%
Securities
14%
Cash and
Equivalents
27%
Corporate
92%
Private
Banking 8%
CEB Dubai
(€mm)
Balance Sheet Jun-14 Dec-14 Jun-15
Total Assets 169.5 253.7 242.4
Marketable Securities 22.5 24.9 23.5
Loans to customers, net 114.3 194.0 159
Customer Deposits 21.5 25.1 31.0
Shareholders’ Equity 54.2 65.3 74.8
Income Statement Jun-14 Dec-14 Jun-15
NII 3.2 7.2 4.6
Net Fee & Com Income 1.4 2.5 1.3
Trading & Other Income 0.4 0.6 0.6
Total Operating Income 5.0 10.3 6.5
Personnel Expenses 1.0 2.0 1.0
Operating Expenses 0.4 1.1 0.5
Net Income 3.6 7.2 5.0
Key Ratios Jun-14 Dec-14 Jun-15
NIM 4.1% 4.1% 3.8%
Cost/Income Ratio 27.9% 30.5% 23.4%
Av. Deposits/ Av. Loans 21.7% 19.1% 18.5%
RoE (After Tax) 13.8% 12.8% 13.5%
RoA (After Tax) 4.5% 4.1% 4.0%
Note
1. In accordance with DIFC
Assets
17
Established in 2008, operates under DIFC (Dubai International Financial
Centre) with “Category 1” license
Specialized in structured commodity and trade finance in MENA and Asiaregion
Trade finance volume stands at EUR 606 million for the period Jan-June2015. Target customers are regional and international trading housesspecialized in the physical trade of commodity products (i.e.: crude & refined
petroleum products, metals, minerals, chemicals, soft commodities, etc. ).
Average tenor of CEBD’s trade finance transactions stands at 90 days
Transactions are self-liquidated and financing is being granted on a
transactional basis; hence the Bank maintains a close control over businesscycle.
Cash &
equivalents,
13%
Securities
10 %
Loans to
customers,
76%
Other assets,
1%
CEB Ukraine
(€million)
Balance Sheet Jun-14 Dec-14 Jun-15
Total Assets 151.7 126.4 94.5
Marketable Securities 7.1 9.5 6.7
Loans to customers, net 80.5 64.9 52.0
Customer Deposits 14.8 13.4 9.7
Shareholders’ Equity 31.4 28.3 23.3
Income Statement Jun-14 Dec-14 Jun-15
NII 4.8 7.5 2.2
Net Fee & Com Income 0.4 2.7 0.1
Trading & Other Income 0.8 1.4 2.2
Total Operating Income 6.0 11.6 4.5
Impairment Losses 1.4 2.6 3.3
Personnel Expenses 0.8 1.4 0.4
Operating Expenses 0.7 1.3 0.5
Net Income 2.6 5.2 0.2
Key Ratios Jun-14 Dec-14 Jun-15
NIM 6.9% 5.5% 4.4%
Cost/Income Ratio 23.8% 23.4% 21.1%
Cost of credit 3.3% 3.2% 11.2%
Av. Deposits/ Av. Loans 16.1% 17.5% 15.4%
RoE (After Tax) 14.2% 16.0% 1.3%
RoA (After Tax) 3.4% 3.5% 0.3%
Established in 2007, operates under full banking license and supervised bythe National Bank of Ukraine and Dutch Central Bank as subsidiary of CreditEurope Bank N.V
Ranked 48th by asset size and 38th by capital size among 127 operatingbanks in Ukraine as of June 2015
Selectively serves to local and foreign companies operating in various industries and segments
Close cooperation with supra-nationals for SME financing in Ukraine
Run-off retail loan portfolio
Note 1. Statutory
Loan PortfolioAssets
18
Loans to
customers 55%
Other Assets 2%
Securities
7%
Cash and
Equivalents
36%
Retail,
5%
Corporate
95%