Vtb · RUS:VTBR
Vtb — VTB Bank — FY2016 Earnings Presentation
18 slides from Vtb's earnings presentation, Mar 1, 2017
Slide 1: VTB Group FY'2016 Results
VTB Group FY’2016 Results Herbert Moos CFO and Deputy Chairman of VTB Bank Management Board Dmitry Pyanov Senior Vice President, Head of Finance Department Leonid Vakeyev Head of Investor Relations March 1, 2017 1
Slide 2: Forward-looking statements disclaimer
Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of VTB Bank (PJSC) ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous
Slide 3: VTB Group FY'2016 Performance Highlights
VTB Group FY’2016 Performance Highlights Key selected items (in RUB bn) FY’16 FY’15 Change 4Q’16 4Q’15 Change Net interest income 415.0 289.1 43.5% 104.6 93.1 12.4% Net fee and commission income 81.8 76.2 7.3% 25.9 22.2 16.7% Operating income before provisions 510.6 412.3 23.8% 149.5 118.5 26.2% Pro
Slide 4: FY'2016 Targets Met
FY’2016 Targets Met VTB guidance (March 17, 2016) VTB guidance (November 14, 2016) Actual Optimistic Conservative GDP growth 0.5% -1.2% -0.5% -0.2% CPI 7.0% 7.6% close to Optimistic 5.4% Macro Oil price (Urals), 50$ 40$ close to Conservative 42$ average CBR key rate, average 9.1% 10.0% 10.0% (eop) 1
Slide 5: Interest Income and Average Yields
Interest Income and Average Yields Interest income and average yields RUB bn 11.0% 10.8% 10.9% 10.8% 10.8% 10.8% 10.6% Yield on customer loans 9.9% 9.9% Yield on total interest 9.9% 9.8% 10.0% 10.0% 9.9% +1% bearing assets -5% 1,100.9 1,107.8 Interest income on 8% 8% other interest bearing 291.0 283
Slide 6: Interest Expense and Cost of Funds
Interest Expense and Cost of Funds Interest expense and cost of interest bearing liabilities RUB bn 7.7% 7.1% 6.6% 6.7% 6.6% 6.5% 6.4% 6.9% 6.8% 6.3% Cost of total interest 6.4% 6.4% 6.2% 6.1% bearing liabilities -15% Cost of customer deposits -14% 811.8 692.8 45% 30% 197.9 Interest expense on 185.6
Slide 7: Net Interest Income and NIM
Net Interest Income and NIM Net interest income RUB bn +44% +12% 415.0 289.1 108.7 103.4 104.6 93.1 98.3 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 12M'15 12M'16 Net interest margin(1) % +60 bps +110 bps 4.0% 3.8% 3.8% 3.7% 3.2% 3.4% 2.6% 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 12M'15 12M'16 (1) Calculated as net interest
Slide 8: Fee and Commission Income
Fee and Commission Income Fee and commission income breakdown RUB bn +11% +18% Other fee and commission income 109.7 98.6 Commission on 17% operations with securities 14% and on capital markets 8% 33.4 10% Commission on 12% 28.4 26.8 26.0 22% 15% guarantees and other 23.5 17% 14% credit related 15%
Slide 9: Provision Charge for Loan Impairment and Cost of Risk
Provision Charge for Loan Impairment and Cost of Risk Provision charge for impairment of loans and credit related commitments RUB bn +18% +55% 209.6 Provision charge for impairment of loans 176.9 to individuals 55.8 Provision charge for 67.1 62.3 63.7 impairment of credit 64.9 43.9 9.8 7.5 related c
Slide 10: Loan Book Quality
Loan Book Quality Provision for loan impairment RUB bn NPLs (90+) RUB bn 7.3% 7.4% 7.5% 6.7% 6.7% 7.2% 7.1% 7.2% 6.3% 6.4% -6% -5% -10% -11% 690 702 673 678 635 663 664 682 604 633 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 Allowance for loan
Slide 11: Staff and Administrative Expenses
Staff and Administrative Expenses Staff costs and administrative expense RUB bn 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 2.0% 53.8% 45.8% Cost / Avg. assets 51.1% 54.5% 44.2% 44.6% 41.7% +5% Cost / Income ratio 233.9 221.9 +3% 88.2 Administrative 84.0 expenses 60.5 60.6 62.3 Staff costs (1) 55.7 55.3 23.6 20.4
Slide 12: Balance Sheet Structure and BIS Capital
Balance Sheet Structure and BIS Capital Assets structure RUB bn Liabilities structure RUB bn BIS Group capital RUB bn -8% 15.6% 15.1% 15.4% 14.3% 14.6% -8% +2% 13.7% 13.3% 13.5% 12.9% 13,642 +2% 12.4% 12,801 12,586 5% 12,334 12,359 12,188 5% 4% 11,352 8% 5% 5% 10,936 10,937 11,175 -5% 10% 5% 5% 5% 5
Slide 13: Assets and Liabilities by Currency
Assets and Liabilities by Currency Total assets RUB bn Total liabilities RUB bn 13,642 12,586 12,188 11,175 41% 35% FX FX 44% 39% RUB RUB 59% 65% 56% 61% 31-Dec-15 31-Dec-16 31-Dec-15 31-Dec-16 Net loans and advances to customers RUB bn Customer deposits RUB bn 9,438 8,855 7,267 7,347 37% 30% FX 49%
Slide 14: Loan Portfolio and Customer Deposits
Loan Portfolio and Customer Deposits Loans and advances to customers RUB bn Customer deposits RUB bn -6% +1% +1% -8% 10,110 9,258 9,363 9,410 9,487 7,432 7,859 8,001 7,267 7,347 81% 79% 78% 77% 77% 60% 62% 64% 63% 59% 23% 23% 40% 38% 36% 37% 41% 19% 21% 22% 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31
Slide 15: Business with Legal Entities
Business with Legal Entities Loans to legal entities RUB bn Deposits of legal entities RUB bn -10% +0% -1% 8,150 7,270 7,320 7,288 7,311 -14% 5,009 5,077 4,384 4,607 4,342 28% 20% 23% 32% 24% 77% 72% 80% 76% 68% 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-1
Slide 16: Business with Individuals
Business with Individuals Loans to individuals RUB bn Deposits of individuals RUB bn +11% +4% +3% +3% 2,924 3,004 2,883 2,824 2,850 2,176 16% 18% 18% 21% 2,043 2,121 16% 1,960 1,988 45% 44% 44% 44% 44% 6% 6% 6% 6% 6% 84% 84% 82% 82% 79% 4% 4% 5% 5% 4% 45% 45% 45% 45% 46% 31-Dec-15 31-Mar-16 30-Jun-1
Slide 17: 2017 Guidance
2017 Guidance RUSSIA GDP growth 1.5% Macro CPI 5.2% Oil price (Urals), average USD 54 CBR key rate, average 9.0% RUSSIA Loans to legal entities 6% Banking sector Loans to individuals 10% Deposits of legal entities 6% Deposits of individuals 10% Loans to legal entities in line with the market Balance
Slide 18: Investor Relations
Investor Relations Tel: +7 (495) 775-71-39 e-mail: [email protected] 18