Crediabank S.a. · ATHEX:CREDIA
Crediabank — Attica Bank — FY2015 Earnings Presentation
32 slides from Crediabank's earnings presentation, 2016
Slide 1: Attica Bank Presentation FY 2015
DRAFT Attica Bank Presentation FY 2015 Together we are stronger www.atticabank.gr
Slide 2: Table of Contents
Table of Contents HIGHLIGHTS 1 LOAN PORTFOLIO – ASSET QUALITY 3 FUNDING 9 CAPITAL 13 OPERATING INCOME - OPERATING EXPENSES 16 APPENDIX APPENDIX 1 – FINANCIAL INFORMATION 19
Slide 3: Highlights
Highlights YA\atticabank
Slide 4: Performance Highlights
Performance Highlights Capital amounts in (€ m) 31.12.2015 31.12.2014 Change % 1 Resilient capital position post SCI, as a result of the capital raise of 681 euro millions, covering 91% of the adverse Total Loans before provisions 3,927.6 3,739.4 5.0% scenario of the CA conducted by BoG Common Equit
Slide 5: Expanding customer base - Strengthening Distribution Channels
Expanding customer base - Strengthening Distribution Channels E-Banking Users 2013-2015 Debit Cards + 18.5% + 47.1% 73,005 27,489 18,175 15,309 35,303 19,925 3,791 4,824 3,222 2013 2014 2015 2013 2014 2015 Retail customers Business customers Number of customers (000s) ATMs POS 3,641 29.1 29.7 170 28
Slide 6: Loan Portfolio - Asset Quality
Loan Portfolio - Asset Quality
Slide 7: Loan Portfolio Overview
Loan Portfolio Overview Breakdown of Loan Portfolio by Type – 31.12.2015 (Loans before provisions: € 3.9bn) Leasing Loans to State 7.4% Private 0.9% Individuals 20.4% Gross loans to Businesses by Sector – FY 2015 (Total: € 2.8bn) Agriculture Businesses 0.5% 71.3% Other 26.8% Trade 22.6% Gross loans
Slide 8: Loan Portfolio Overview
Loan Portfolio Overview Comments The Bank holds c. 78% of total portfolio in business lending, c. 13% in mortgage loans and a remaining 9% in other retail loans Provisions as at 31 December 2015 stood at c.29.8% of total gross loans (1.17 bn euros) Loan Portfolio Breakdown –31.12.2015 Gross Loan
Slide 9: Asset Quality - Portfolio Overview
Asset Quality - Portfolio Overview Concentration of NPEs – 31.12.2015 Breakdown of NPEs by type – 31.12.2015 Distribution of customers per NPEs cumulative balances (%) NPE CUMULATIVE BALANCES CUSTOMERS 99.2% 99.6% 99.8% 99.9% 100.0% 98.7% 100% 30,000 94.1% Consumer Credit Cards 7% 2% 90% 87.6% Large
Slide 10: Asset Quality - Portfolio Overview
Asset Quality - Portfolio Overview NPE evolution -2015 (€ m) Evolution of Loan Loss Provisions before Write-Offs (€ m) 80 1,174 2,218 548 165 377 1,676 546 4Q 2014 AQR related Non-AQR related 2015 4Q 2014 AQR related Non-AQR related 2015 Increased NPEs mainly due to reclassifications according to th
Slide 11: Asset Quality - Portfolio Overview
Asset Quality - Portfolio Overview Stock of NPEs (€bn) and NPE ratio (%) Stock of provisions (€m) and NPE provision coverage after write-offs (%) 1,500.00 52.8% Thousands 56.5% 50% 44.8% 50% 1,000.00 32.5% 32.6% 36.0% 2.00 1,170.2 25% 2.22 25% 500.00 546.3 436.4 1.68 1.34 0.00 0% 1.00 0% 2013 2014 2
Slide 12: Asset Quality - Portfolio Overview
Asset Quality - Portfolio Overview Evolution of total portfolio and collateral value (€m) and collateral coverage (%) of gross loans 5,000 58.7% 51.5% 70.0% 53.0% 3,737 3,739 3,928 60.0% 4,000 Evolution of NPE portfolio collateral value (€m) and collateral 50.0% coverage (%) 3,000 2,194 40.0% 1,981
Slide 13: Funding
Funding YA\atticabank
Slide 14: Funding and Liquidity
Funding and Liquidity Main factors influencing liquidity in the Greek Banking system Net loans to Deposits ratio (%) In 2015 deposits amounting to more than € 36bn were withdrawn from the banking system 128.7% Shrinking deposit balances due to the deterioration of the macroeconomic environment a
Slide 15: Eurosystem Funding
Eurosystem Funding Comments Evolution of Eurosystem funding (% of total assets) Reliance on Eurosystem funding as a percentage of total assets stood at 21% 1000 21.2% 23% 17.7% as at 31.12.2015 against a sector average of c. 28%. 13% 500 4.3% 3.7% 780 690 3% 150 170 0 -7% 2012 2013 2014 2015 Euros
Slide 16: Evolution of Deposits
Evolution of Deposits As at 31 December 2015, deposits stood at €2.1bn. The Bank’s deposits are generated mainly from retail clients. Core deposits (sight and savings) account for 47.9% of total deposits, as deposits mix has changed after the introduction of capital controls in the summer of 201
Slide 17: Deposit Pricing
Deposit Pricing Cost of Deposits (stock/bps) Cost of term deposits (stock/ bps) 175 176 177 177 177 177 175 215 215 173 172 212 213 213 212 213 212 211 211 170 210 208 168 165 169 118 118 117 165 163 In 2015 the cost of deposits followed the downward trend observed in the banking system as a whole
Slide 18: Capital
Capital YA\atticabank
Slide 19: Capital position
Capital position Fully loaded Basel III CET 1, 31.12.2015 CET1 ratios , 31.12.2015 Phased-in Fully loaded 18.66% CET-1 Capital (euro 000s) 628,057 499,186 17.81% (85 bps) 14.83% (298 bps) 628,057 499,186 Total Regulatory Capital (euro 000s) RWAs (euro 000s) 3,366,289 3,366,289 CET-1 Ratio 18.66% 14.
Slide 20: Capital position
Capital position Equity Breakdown FY 2015 (€m) Risk Weighted Assets (€m) 1.4 157 158 208 242.2 103 21 117 100.2 Minority rights Retained Earnings 701.8 Reserves 2,935 3,142 3,188 Preference shares -365.4 Common shares FY 2013 FY 2014 FY 2015 Credit Risk Market Risk Operational Risk FY 2015 14
Slide 21: Share Capital Increase 2015
Share Capital Increase 2015 Shareholder Structure before the SCI Following the Comprehensive Assessment performed by the Bank of Greece in 2015 and the assessment of the Bank’s Shareholder % of common shares capital plan, the capital needs that had to be covered through ΕTAA-TSMEDE 51.30% a share ca
Slide 22: Operating Income - Operating Expenses
Operating Income - Operating Expenses
Slide 23: Operating Income, Operating Expenses
Operating Income, Operating Expenses Evolution of key P&L aggregates (€m) Operating income by source (€m) 635.6 OPERATING INCOME FY 2015 FY 2014 Net interest income 90.5 89.8 Net fee and commission income 16.1 20.0 113.4 23.4 31.0 Gain/ loss from securities -9.5 8.4 -90.0 Other income * 20.5 3.1 Tot
Slide 24: Operating Income, Operating Expenses
Operating Income, Operating Expenses NII breakdown (€m) Net Interest Margin – NIM (%) 89.8 90.5 2.48% 2.37% 2.37% 37.3 2.24% 2.11% - 16.7 - 8.5 - 11.5 FY 2014 NII Reduction of Other sources Securities & Loans FY 2015 NII FY 2014 Q1 2015 Q2 2015 Q3 2015 FY 2015 cost of of funding other deposits 17
Slide 25: Significant improvement of cost income ratio
Significant improvement of cost income ratio Overall, all figures of operating expenses improved, reflecting the Breakdown of general operating expenses ( € 43.8 for FY 2015) Bank’s efforts for cost containment and internal capital generation. FY 2014 FY 2015 Rents Cost / Income Ratio (excl. provisi
Slide 26: Appendix
Appendix YA\atticabank
Slide 27: Appendix 1 – Financial Information
Appendix 1 – Financial Information
Slide 28: Group P&L and balance sheet
Group P&L and balance sheet Amounts in €m GROUP CAGR 2015 2014 2013 15-13 ASSETS Cash and balances with central bank 50 107 71 (11.4%) Amounts in €m GROUP Due from other financial institutions 10 43 83 (51.3%) CAGR Derivative financial instruments - assets 0 1 0 2015 2014 2013 15-13 Financial instru
Slide 29: Group results by segment
Group results by segment 2013 2014 2015 Total Investment Investment Investment Business Banking & Business Banking & Business Banking & Change Amounts in €m Retail Banking Treasury Retail Banking Treasury Retail Banking Treasury FY 2014 FY 2015 % Operating Income 1.7 60.1 9.9 12.3 98.6 10.4 18.2 107
Slide 30: Key financial ratios, FY 2013 – FY 2015
Key financial ratios, FY 2013 – FY 2015 Group Bank BALANCE SHEET STRUCTURE FY 2013 FY 2014 FY 2015 FY 2013 FY 2014 FY 2015 Due to Customers / Loans and Advances to customers (after 100.36% 101.92% 77.70% 100.82% 102.36% 78.24% provisions) Due to customers / Total Assets 81.70% 82.26% 58.39% 81.95% 8
Slide 31: Key financial ratios, FY 2013 – FY 2015
Key financial ratios, FY 2013 – FY 2015 Group Bank 2013 2014 2015 2013 2014 2015 Pre-provision profit / Average Equity -16.67% 6.11% 5.98% -17.58% 5.89% 5.43% Pre-provision Profit / Average Total Assets -1.06% 0.58% 0.81% -1.09% 0.55% 0.73% NPE ratio 36.00% 44.80% 56.50% 36.00% 44.80% 56.50% Provisi
Slide 32: Disclaimer
Disclaimer This presentation is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan, South Africa or any other jurisdiction in which such publication or distribution is unlawful. This presentation does not constitute or form pa