Crediabank S.a. · ATHEX:CREDIA
Crediabank — Attica Bank — FY2012 Earnings Presentation
33 slides from Crediabank's earnings presentation, Apr 12, 2013
Slide 1: Attica Bank Analyst Presentation FY 2012
Attica Bank Analyst Presentation FY 2012 April 12th 2013
Slide 2: Table of Contents
Page Table of Contents FY 2012 Highlights 3 Capital Increase Click to edit Master text styles 4 Loan Portfolio 8 Funding-Customer Deposits-Eurosystem Funding 14 Second level Profit & loss account 19 Participation in the GGB buyback scheme 23 Third level Capital 25 Fourth level Attica Bank: The way a
Slide 3: FY 2012 Highlights
FY 2012 Highlights amounts in euro millions 2012 2011 Change % Total Loans before provisions 3.602,7 3.725,7 -3,3% • Total assets: -6.6% • Loans to customers: -3.3% Accumulated Provisions 361,8 256,8 40,9% • Customer deposits: -5.6% Deposits 2.917,7 3.089,8 -5,6% • Loans in arrears > 90 days: 22.9%
Slide 4: Capital Increase: Key terms
Capital Increase Key terms CoCo Tranche 199.4 million euros • Attractive coupon Equity Tranche 199.4 million euros • Nominal value/ issue price of each note: € 0.30 • Conversion into equity • Reverse split 7 for 1 before the rights issue Click to•Within edit5Master textcapital years: If the Bank’s s
Slide 5: Capital Increase: Focus points
Capital Increase Focus points Attica Bank is likely to be the only private bank in Greece in the future with no state involvement Strong commitment of the Bank’s largest shareholder Click to edit Master text styles Positive own equity and historically above sector average loan portfolio quality Seco
Slide 6: Pro forma capital adequacy and leverage ratios
Capital Increase Pro forma capital adequacy and leverage ratios Leverage ratio (Tier I capital/ total 7.9x assets) 18.1x 13.8x 9.49x Click to edit Master text styles 16.0% Tier I capital ratio 14.0% Second level 12.0% Third level 10.0% Fourth level 8.0% 15.0% 6.0% 11.8% 14.0% Fifth level 9.3% 4.0% 2
Slide 7: Attica Bank in 2012 - Loans
Click to edit Master text styles Second level Attica Bank in 2012Third level - Loans Fourth level Fifth level 7
Slide 8: Attica Bank Total Assets and Loans 2010-2012
Attica Bank in 2012 Attica Bank, Total Assets 2010 - 2012 -12.5% 4,770.2 -6.6% 4,175.9 In 2012 the total assets and loans balances of the 3,898.3 Bank decreased further. Total assets were down by 6.6% y-o-y against a Click to edit Master text styles sector average of -7.3%. Second level Loans before
Slide 9: Breakdown of the loan portfolio by type, FY2012
Attica Bank in 2012-Loans Breakdown of the loan portfolio by type, FY2012 Private Leasing State Individuals 8.5% 1.0% 23.8% Click to edit Master text styles Businesses 66.7% Second level Third level Loans to Private Individuals by type, FY2012 Loans to businesses Fourth level by sector, FY 2012 Othe
Slide 10: NPL Ratios
Attica Bank in 2012-Loans NPL Ratios In 2012 the Greek banking system faced increased challenges as a result of 25.0% 23.6% worsening macroeconomic conditions. 20.0% 22.9% 15.9% Attica Bank’s performance has been better 15.0% 10.5% 15.1% than the sector average from several Click to edit Master text
Slide 11: NPL Evolution by Segment
Attica Bank in 2012-Loans NPL Evolution by Segment, Greek Banking System 40.0% 36.30% 34.0% 35.0% 28.8% 30.0% 24.0% When it comes to the breakdown of NPLs, in the 25.0% 20.0% 19.90% 20.20% last years NPL ratios for Attica Bank have been 20.0% 16.7% 14.90% Click to edit Master text styles 21.00% belo
Slide 12: Accumulated provisions, Attica Bank 2010-2012
Attica Bank in 2012-Loans Accumulated provisions, Attica Bank 2010-2012 +40.9% 400 +40.9% 361.8 350 256.8 Accumulated provisions for non-performing loans amounted to 300 182.3 361.8 million euros, displaying an annual increase of 40.9%. In euro millions 250 254.2 2012 loans amounting to 25.4 million
Slide 13: Attica Bank in 2012 Deposits - Funding
Click to edit Master text styles Second level Attica BankThird level in 2012 Fourth level Deposits- Funding Fifth level 13
Slide 14: Deposits, Funding: liquidity factors and the Bank's response
Attica Bank in 2012- Deposits, Funding Main factors influencing liquidity in the Greek Banking system in 2012: • Outflow of deposits due to political uncertainty especially during the first half of the year Click to edit Master text styles •Deteriorating quality of collaterals used for central bank
Slide 15: Deposits 2010-2012
Attica Bank in 2012-Deposits, Funding Greek Banking System, Deposits: y-o-y changes (%) Attica Bank, Deposits, 2010 - 2012 2012 10% -6.9% 3,400 3,300 5% 3,317 3,200 -5.6% 0% 3,100 euro millions Dec. 10 Mar. 11 June 11 Sept. 11 Dec. 11 Mar. 12 June 12 Sept. 12 Dec. 12 3,090 3,000 Click to edit Master
Slide 16: Core and time deposits, deposit breakdown
Attica Bank in 2012-Deposits, Funding Core Deposits, 2010 - 2012 912.2 787.8 Breakdown of deposits per type, FY 2012 692.6 Current Click to edit Master text styles Other Repos Savings Second level accounts 5.1% 0.0% 8.3% accounts 10.4% 2010 2011 Third 2012 level Time Deposits, 2010 Fourth - 2012 lev
Slide 17: ECB and ELA funding, % of total assets
Attica Bank in 2012-Deposits-Liquidity Click to edit Master text styles ECB and ELA funding, % of total assets Sector Attica Bank The reliance of Greek banks on borrowing 31/12/2009 10,1% 9,5% from the ECB and the Bank of Greece (ELA) increased significantly during 2012, peaking Second level 31/3/20
Slide 18: Profit & Loss account
Click to edit Master text styles Second level Profit & LossThird level account Fourth level Fifth level 18
Slide 19: P&L Evolution and operating income
P & L Evolution (euro 000s) Operating income by source 2.9% 0.2% 2.1% 2.1% 2.1% 300,000 253,569 16.6% 20.5% 32.5% 200,000 142,884 74.5% 81.2% 71.0% Click to edit Master text styles 100,000 45,593 42,524 3,068 3,768 0 -5,6% -100,000 2010 2011 2012 -49,135 2010 Second level 2011 2012 Net interest inco
Slide 20: Net Interest Income and Margin
Interest Income Group Net Interest Income (euro 000s) 140,000 Net Interest Margin (NIM) 120,000 115,011 97,153 100,000 2.5% 80,000 Click 2.0% to2.29% edit Master 2.17% text styles 60,000 40,000 42,138 1.5% Second level 20,000 1.0% Third 1.04% level 0 0.5% Fourth level 2010 2011 2012 Fifth 2012 level
Slide 21: Operating Expenses
Operating Expenses Operating expenses breakdown 4.4% 1.9% 2.9% 11.4% 15.2% 23.7% 18.0% 24.7% % % 43.7% amounts in Euro Change Change million 2010 2011 2010/2011 2011/2012 Click to edit Master text styles 2012 68.7% 57.2% General Operating Expenses 35.8 42.2 37.9 18.1% -10.2% 28.2% Personnel Expenses
Slide 22: Participation in the GGB buyback scheme
Click to edit Master text styles Second level Participation in the GGBThird level buyback Fourth level scheme Fifth level 22
Slide 23: Participation in the buyback scheme
Attica Bank in 2012-Participation in the GGB buyback scheme Participation in the buyback scheme •Attica Bank participated with bonds of a nominal value of 58.7 million euros (31.38% of the bank’s total GGB portfolio). Click to edit Master text styles • Out of this amount: Second level • 42.9 million
Slide 24: Attica Bank in 2012 Capital
Click to edit Master text styles Second level Attica Bank Third level in 2012 Fourth level Capital Fifth level 24
Slide 25: Capital Adequacy
Attica Bank in 2012-Capital Adequacy Attica Bank: Capital Adequacy Ratios According to the capital needs assessment of 19.0% the Bank of Greece, Attica Bank will need to 20% 16.4% 16.0% increase its capital by 396 million. 15.0% 15% 10.7% After the successful completion of the capital 10% 8.7% incre
Slide 26: Attica Bank: The way ahead
Click to edit Master text styles Second level Attica Bank: The way Third level ahead Fourth level Fifth level 26
Slide 27: The way ahead: Vision and Means
Attica Bank - The way ahead Vision Click to edit Master text styles Establish Attica Bank as a specialized medium-sized bank with a strong presence in the market. Second level Third level Means Fourth level The capital increase which constitutes the immediate and absolute priority of the Bank. Fifth
Slide 28: The way ahead: management statement
Attica Bank - The way ahead «In this critical period for Greece and the Greek banking system, Attica Bank’s top priority remains the maintenance of sound financial figures, in order to create the conditions for providing liquidity and support to the real economy. Click to edit Master text styles The
Slide 29: Appendix
Click to edit Master text styles Second level Third level Appendix Fourth level Fifth level 29
Slide 30: Group Results by Segment
Group Results by Segment Click to edit Master text styles Second level Third level Fourth level Fifth level 30
Slide 31: Key Financial Ratios
Key Financial Ratios Click to edit Master text styles Second level Third level Fourth level Fifth level 31
Slide 32: Key Financial Ratios
Key Financial Ratios Click to edit Master text styles Second level Third level Fourth level Fifth level 32
Slide 33: Click to edit Master text styles Second level Third level
This report has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The party to whom Attica Bank delivers this report should not construe the contents of this presentation as legal,