Vtb · RUS:VTBR
Vtb — VTB Bank — Q1 2017 Earnings Presentation
17 slides from Vtb's earnings presentation, May 15, 2017
Slide 1: VTB Group 1Q'2017 Results
VTB Group 1Q’2017 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 May 15, 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 1Q'2017 Performance Highlights
VTB Group 1Q’2017 Performance Highlights Key selected items (in RUB bn) 1Q’17 1Q’16 Change Net interest income 113.0 98.3 15.0% Net fee and commission income 19.7 17.4 13.2% Operating income before provisions 145.2 111.1 30.7% Provision charge for impairment (1) (45.9) (40.6) 13.1% Staff costs and a
Slide 4: Interest Income and Average Yields
Interest Income and Average Yields Interest income and average yields RUB bn 10.8% 10.8% 10.8% 10.8% 10.6% 10.6% Yield on customer 9.9% loans 9.8% 10.0% 10.0% 9.9% 9.8% Yield on total interest 1,107.8 bearing assets 8% Interest income on -6% other interest bearing assets 92% Interest income on 283.9
Slide 5: Interest Expense and Cost of Funds
Interest Expense and Cost of Funds Interest expense and cost of interest bearing liabilities RUB bn 6.6% 6.7% 6.6% Cost of total interest 6.4% 6.5% 6.0% bearing liabilities 6.3% 6.4% 6.4% Cost of customer 6.2% 6.1% deposits 5.7% 692.8 -17% 30% Interest expense on other interest bearing liabilities (
Slide 6: Net Interest Income and NIM
Net Interest Income and NIM Net interest income RUB bn +15% 415.0 98.3 108.7 103.4 104.6 113.0 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 FY’2016 12M'16 Net interest margin(1) % +70 bp 3.7% 4.0% 4.1% 3.8% 3.8% 3.4% 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 FY’2016 (1) Calculated as net interest income (adjusted for payments
Slide 7: Fee and Commission Income
Fee and Commission Income Fee and commission income breakdown RUB bn 109.7 8% +18% 9% 8% Other 12% Agency fees Operations with securities 33.4 and on capital markets 26.8 27.8 26.0 13% 23.5 Guarantees and other 4% 6% 9% 7% credit related 9% 11% 8% 10% 7% 8% 10% commitments 6% 7% 10% 63% 6% 13% 12% 1
Slide 8: Provision Charge and Cost of Risk
Provision Charge and Cost of Risk Provision charge for impairment of loans and credit related commitments RUB bn 2.5% 2.5% 2.0% Cost of risk including credit 1.5% 1.7% 1.8% related commitments (1) 2.0% 1.5% Cost of risk (2) 1.9% 1.5% 1.3% 1.3% 209.6 +15% Provision charge 55.8 for impairment of loans
Slide 9: Loan Book Quality
Loan Book Quality Provision for loan impairment RUB bn NPLs (90+) RUB bn 7.3% 7.4% 7.5% 7.0% 6.7% 7.2% 7.1% 7.2% 6.4% 6.5% 702 +3% 0% 678 690 653 633 663 664 682 604 604 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17 Allowance for loan impairment
Slide 10: Staff and Administrative Expenses
Staff and Administrative Expenses Staff costs and administrative expenses RUB bn 1.8% 1.8% 1.8% 2.0% 2.0% 1.8% Cost / Avg. assets 54.5% 44.2% 44.6% 41.7% 42.4% 45.8% Cost / Income ratio 233.9 +2% 88.2 Administrative expenses 60.6 62.3 61.6 Staff costs (1) 55.7 55.3 145.7 20.4 20.4 20.6 26.8 23.2 40.
Slide 11: Balance Sheet Structure and Capital Adequacy
Balance Sheet Structure and Capital Adequacy Assets structure RUB bn Liabilities structure RUB bn Basel capital RUB bn -1% -1% 15.6% 15.1% 15.4% 15.0% 14.6% 12,801 12,334 12,359 12,586 12,457 11,352 11,175 11,024 8% 4% 10,936 10,937 13.7% 5% 5% 5% 6% 13.3% 13.5% 12.9% 13.4% 5% 5% 5% 5% 12% 8% 10% 8%
Slide 12: Assets and Liabilities by Currency
Assets and Liabilities by Currency Total assets RUB bn Total liabilities RUB bn 12,586 12,457 11,175 11,024 35% 32% FX 39% 40% FX RUB RUB 65% 68% 61% 60% 31-Dec-16 31-Mar-17 31-Dec-16 31-Mar-17 Net loans and advances to customers RUB bn Customer deposits RUB bn 8,855 8,681 8,130 7,347 30% 28% FX 39%
Slide 13: Loan Portfolio and Customer Deposits
Loan Portfolio and Customer Deposits Loans and advances to customers RUB bn Customer deposits RUB bn -2% 0% +14% w/o FX +11% w/o FX 9,258 9,363 9,410 9,487 9,334 7,859 8,001 8,130 7,432 7,347 63% 64% 79% 78% 77% 77% 76% 62% 64% 59% 24% 38% 36% 37% 41% 36% 21% 22% 23% 23% 31-Mar-16 30-Jun-16 30-Sep-1
Slide 14: Business with Legal Entities
Business with Legal Entities Loans to legal entities RUB bn Deposits of legal entities RUB bn -3% 0% w/o FX 7,270 7,320 7,288 7,311 7,105 +20% +23% w/o FX 5,009 5,077 5,228 4,607 4,342 28% 20% 25% 32% 24% 72% 80% 76% 75% 68% 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17 31-Mar-16 30-Jun-16 30-Se
Slide 15: Business with Individuals
Business with Individuals Loans to individuals RUB bn Deposits of individuals RUB bn +3% -3% -1% +2% w/o FX w/o FX 2,924 3,004 2,902 2,824 2,850 2,121 2,176 2,229 1,988 2,043 18% 21% 16% 18% 21% 45% 44% 44% 44% 45% 6% 6% 6% 6% 6% 4% 4% 84% 82% 82% 79% 79% 5% 4% 4% 45% 45% 45% 46% 46% 31-Mar-16 30-Ju
Slide 16: 2017 Guidance
2017 Guidance Russia Macro Banking sector Balance sheet Efficiency & profitability GDP growth Loans growth Loans growth vs СoR legal entities market legal entities 1.5% 6% In line Below 2% CPI Loans growth Loans growth vs NIM individuals market individuals Forecast revised upwards 5.2% 10% Above 4%
Slide 17: Investor Relations
Investor Relations Tel: +7 (495) 775-71-39 e-mail: [email protected] 17