Embed Size (px)
DESCRIPTION
The Board of Directors of Banca IFIS met today under the chairmanship of Sebastien von Furstenberg and approved the results for the first half of 2013. The first half 1 January-30 June 2013 Net banking income increasing by 22,7% to 132 million Euro. Net profit from financial activities increasing by 14% to 105 million Euro. Cost/income ratio further improving, down to 28,1% from 32,2%. Profit for the period increasing by 16,7% to over 44 million Euro. Turnover for the first six months: 2.509 million Euro. Retail funding exceeded 3,9 billion Euro. Non-performing loans/total loans in the trade receivables sector: 3,5%, compared to 4,3% at the end of 2012 and 3,7% at 30 June 2012. 70 new employees taken on in the first six months of 2013. Solvency: 13,9%. Core Tier 1: 14,2%. The second quarter 1 April-30 June 2013 Net banking income amounting to 65 million Euro (+18,2%). Net profit from financial activities increasing by 14,0% to 52 million Euro. Net profit amounting to 21,6 million Euro (+19,6%).
Citation preview
1
2
HIGHLIGHTS
Net profit 44,0 (37,7 in 1H 2012) +16,7%
Equity 331,2 (309 at 31/12/2012) +7,2%
Funding 10.000,2 (7.676 at 31/12/2012) +32,9%
GROUP KPIs 1H 2013 1H 2012
Credit quality cost 3,5% 2,0%
Cost/income ratio 28,1% 32,2%
Solvency 13,9% 11,9%
Core Tier 1 14,2% 12,1%
Book value per share 6,31 5,77
(million Euro)
3
Trade receivables sector
Clients +6%
Turnover 2.508,6 +0,9%
Focus on SMEs
Trade
receivables
KPIs
1H
2013
1H
2012
Net Banking
Income/Turnover 2,3% 1,9%
NET BANKING INCOME
131,7 (107,3 in 1H 2012)
+22,7% % change 1H 2013 / 2012
(million Euro)
41%
4,2%11%
44%
Breakdown NBI 1H 2013
G&S
Tax Receiv.
NPL
Trade Receiv.
Data 1H Trade
Receiv. DRL
Tax
Receiv. G&S
2012 47,8 10,0 1,1 48,4
2013 57,4 14,8 5,5 54,0
Change 9,6 4,8 4,4 5,6
% Change 20,1% 47,7% 384,0% 11,6%
4
Net provisions
Equal to 26,3 VS 14,8 in 1H 2012
Group KPI 1H 2013 1H 2012
Credit
quality cost 3,5% 2,0%
NET RESULT OF FINANCIAL OPERATIONS
(million Euro)
105,4 (92,4 in 1H 2012)
+14,0% % change 1 H 2013 / 2012
0,0%
0,5%
1,0%
1,5%
2,0%
2,5%
3,0%
3,5%
4,0%
2009 2010 2011 1H2012 1H 2013
Credit quality cost
Data 1H Trade
Receiv. DRL
Tax
receiv. G&S
2012 35,7 10,0 1,1 45,7
2013 29,8 15,7 5,9 53,9
Change -5,9 -5,7 -4,8 8,2
% Change -16,4% 58,0% 440,1% 18,0%
5
Group KPI 1 H
2013
1 H
2012
Credit quality cost 3,5% 2,0%
Cost/income ratio 28,1% 32,2%
Tax Rate 35,6% 34,9%
NET PROFIT
(million Euro)
44,0 (37,7 in 1 H 2012)
+16,7% Var. % 1H 2013/2012
6
BALANCE SHEET - ASSET STRUCTURE
(million Euro). % change 30/06/2013 Vs 31/12/2012
Total assets 10.676,3
Due from banks
481,6 -11,7%
Other Financial Assets (AFS + HTM + L&R)
7.738,1 +50,5%
Loans to customers
2.252,9 -1,7%
of which
110,8 DRL
87,6 Tax
receivables
Portfolio of Italian
government bonds
7.687,3
7
CREDIT QUALITY
(million Euro) % change 30/06/2013 Vs 31/12/2012
Loans to customers 2.252,9
0
50
100
150
200
250
300
350
400
450
NPL Substandard Rescheduled Overdue Total
108
172
8
126
415
115
204
8
113
440
Impaired Assets 59,8
55,3%
47,9 44,3%
0,4 0,4%
0
Trade recs NPL Tax recs
NPL breakdown
109,1 63,4%
62,9 36,6%
Trade recs NPL
Substandard loan breakdowm
% NPLs/ total loans 4,8% vs 5,0% % Substandard / total loans 7,6% vs 8,9% % Impaired assets / total loans
18,4% vs 19,2%
% NPLs/ total trade receivables 3,5% vs 4,3% % Substandard / total trade receivables 6,3% vs 7,7% % Impaired assets / Trade receivables 17,6% vs 18,8%
8
up to
3 months
from over
3 to
6 months
from over
6 months
to
1 year
from over
1 year to
2 years
from over
2 to
5 years
Total
Total 1.046,1 31,6 2.218,3 1.542,2
2.899,8
7.738,0
% on total 13,5% 0,4% 28,7% 19,9%
37,5%
100,0%
Breakdown
% Change 30.06.2013 31.12.2012
Available for sale financial assets 2.855,8 1.961,6 45,6%
Held to maturity financial assets 4.856,2 3.120,4 55,6%
Receivables due from banks - bonds 26,0 58,1 (55,2)%
Total 7.738,0 5.140,1 50,5%
DEBT SECURITIES PORTFOLIO
(million Euro) % change 30/06/2013 Vs 31/12/2012
9
rendimax on line deposit account
3.900,2 +28%
Total funds and deposits 10.205,7 +32,9%
Wholesale funding
601,0 due to banks +7,8%
BALANCE SHEET - FUNDING STRUCTURE
(million Euro) % change 30/06/2013 Vs 31/12/2012
Wholesale funding
5.651,7 +39,9%
Repurchase agreements with underlying government bonds
and the Cassa di Compensazione e Garanzia as
counterparty
38,3%
61,7 Retail
Wholesale
10
BANCA IFIS GROUP: EQUITY BREAKDOWN
(million Euro)
EQUITY: CHANGES
Net equity at 31.12.2012 309,0
Increases: 51,5
Profit for the period 44,0
Valuation reserve: 6,9
- Available for sale assets 6,9
Decreases: (29,2)
Valuation reserve: (1,8)
- Exchange differences (1,8)
Purchase of treasury shares (7,8)
Net equity at 30.06.2013 331,2
