Banco de Finanzas Integrating the GTFP Program Into BDF s Strategy

Transcription

1 Banco de Finanzas Integrating the GTFP Program Into BDF s Strategy

2 Regional Macroeconomic & Financial System

3 GDP Growth in the Region 7 GDP Growth Nicaragua Central America (AVG) Nicaragua GDP Growth Country e/ Costa Rica 7.9% 2.7% -1.0% 4.7% 4.2% 4.0% El Salvador 3.8% 1.3% -3.1% 1.4% 1.4% 2.0% Guatemala 6.3% 3.3% 0.5% 2.8% 3.8% 3.1% Honduras 6.2% 4.1% -2.1% 2.8% 3.6% 3.5% Nicaragua 3.6% 2.8% -1.5% 4.5% 4.7% 4.0% Nicaragua is located in the middle of American continent. Since the global financial crisis of 2008, Nicaragua has had higher growth rates than the rest of the region. Source: Cepal / FMI/ (e/)estimate

4 GDP by Economic Activity Activity Costa Rica El Salvador Guatemala Honduras Nicaragua Weight Weight Weight Weight Weight Agriculture, livestock and forestry 1.3% 6.7% 1.6% 11.4% 2.8% 11.1% 2.0% 12.3% 3.1% 17.9% Mining and quarrying -5.7% 0.2% -5.0% 0.3% 7.4% 1.9% -5.2% 0.4% 5.3% 1.3% Manufacturing industries 1.4% 17.1% 1.2% 19.3% 2.1% 18.6% 1.7% 17.8% 4.3% 17.0% Electricity, gas and water 1.8% 2.1% 0.7% 1.9% 3.7% 2.3% 6.0% 1.8% 3.5% 2.8% Construction 5.7% 5.4% -2.7% 3.8% -2.5% 4.6% 0.0% 4.9% -4.7% 5.0% Comerce 2.4% 16.7% 0.4% 20.0% 2.1% 16.5% 0.9% 15.2% 2.6% 13.4% Transport and communications 6.81% 8.8% 0.49% 8.2% 9.4% 7.6% 9.3% 9.2% 3.8% 5.3% Financial intermediation 7.3% 14.5% 1.3% 15.6% 4.2% 12.0% 5.9% 6.0% 2.1% 12.2% General Government 3.9% 23.2% 2.4% 15.2% 5.2% 21.4% 5.2% 18.8% 2.6% 18.2% Note: is the average growth for the last 5 years. Notes: The Nicaraguan economy is centered around agriculture and manufacturing. 35% of our GDP is concentrated in Agriculture and Industry vs 26% in the rest of Central America. The growth trends for these segments (agro and industry) in Nicaragua are the highest in Central America. Except for the construction industry, Nicaragua s growth has been between 2.1% and 5.3 % in all its activities. As of the end of 2008, BDF had a very small part of its loan portfolio in agriculture and industry, and a very high participation in construction through mortgage financing. Fuente: Cepal

5 Balance of Trade Imports and Exports Growth Last 5 Years 200% 159% 150% 100% 56% 50% 50% 40% 36% 21% 2% 0% -15% -50% -40% -33% Costa Rica El Salvador Guatemala Honduras Nicaragua Exports Imports Notes for Nicaragua: Nicaragua is the Central American country with the most improved trade balance during the last 5 years. (-27% of its GDP) Exports / GDP has increased from 23% in 2008 to 50% in 2012, while Imports/GDP has not changed during the same period. The products that have contributed the most to the growth in exports have been: coffee, peanuts, gold, silver, beef and sugar. Balance of Trade / GDP % Costa Rica El Salvador Guatemala Honduras Nicaragua -10% -20% -30% -40% -15.2% -20% -24% -26.4% -17% -8.8% -29% -17.3% -18.1% -50% -45% Source: Cepal / SECMCA/FMI/ Contraloría Panamá

6 Financial System Overview 20% 15% 10% 5% 0% -5% -10% Asset Growth 16% 9% 9% 5% 5% 5% 3% 2% -4% -4% Balance Sheet FS Structure FS Growth AVG Structure BDF dic-02 jul-12 Δ dic-02 jul-12 Δ Assets 100% 100% 9% 100% 100% Availability 19% 24% 5% 14% 17% 23% 5% Investments 42% 21% -21% 8% 45% 15% -29% Loan PortFolio 35% 52% 17% 15% 34% 60% 26% Other Assets 4% 3% -1% 4% 2% -2% Liabilities 94% 90% -4% 10% 95% 91% -4% Deposits 82% 79% -4% 9% 86% 77% -9% Loans with Institutions 11% 10% -1% 10% 9% 12% 4% Others Liabilities 1% 2% 1% 0% 2% 2% Financial System BDF Capital 6% 10% 4% 15% 5% 9% 4% Notes: The Nicaraguan banking system has undergone a transformation, as it has changed from having 13 locally owned banks to 6 regional or global financial group owned banks. During the last 10 years our financial system has changed its balance from one with a heavy reliance on investments to one with emphasis in loan portfolios. The loan portfolio has grown on average 15% per year, with the corporate segment as its main contributor. The capitalization ratio has improved since December 2002 in accordance with the changes in regulations and due to the type of banking groups that own the local banks.

7 Loan portfolio structure and trends Loan Portfolio Structure Before Crisis Retail 60% 50% 40% 30% 20% 10% 0% Financial System Structure BDF Loan Stratification Segment Jun-12 Dic-07 Var. Jun-12 Dic-07 Var. Retail 23% 32% -9% 37% 47% -10% Mortgage 14% 14% 0% 38% 41% -3% Corporate 63% 54% 9% 25% 12% 13% Corporate Mortgage Loan Portfolio Growth Notes: Financial System Before the crisis, BDF was focused in retail and mortgage segments. The opposite of the rest of our system. In 2009, BDF changed it s strategy and increased its participation in the corporate segment, focusing on the growth segments of the economy. The IFC Global Trade Financial Program helped us align new products for the corporate segment. BDF 40% 30% 20% 10% 0% -10% -20% 26% 20% 20% 15% 11% 8% 2% 4% 2% -7% Financial System BDF

8 How is BDF is Using The GTFP Program & it s Results

9 How is BDF Using the GTFP Program 3. IFC - GTFP 1. Peanut Purchase Agreement 7. Peanuts Exportation 2. Loan Agreement / Pledge of Stock & Proceeds 6. Pre Export Financing Peanut Processors / Exporters In Nicaragua Buyers located in Mexico and El Salvador Correspondent Bank

10 Benefits of The GTFP Program Has helped the Bank structure new trade programs with key customers. Has provided funds that are not tied to local liquidity ups & downs. Has provided funds in an efficient and timely manner and at competitive rates of interest. Has paved the way to other financing structures with the IFC. Has helped the Bank obtain credit facilities from other entities on a standalone basis.

11 Results: Helped BDF Balance it s Loan Portfolio Growth Rates of Loan Portfolio Dic 09 Dic 10 Dic 11 Ago 12 Personal Loans -5.8% -3.3% 7.7% 25.9% Consumer Loans -3.7% -13.6% 2.1% 49.6% Vehicle loans -8.6% 4.2% 25.3% 19.8% Mortgage loans -0.5% 2.4% 7.6% 13.0% SME -6.6% 0.7% 19.4% 34.5% Credit Cards -49.5% -12.2% -6.0% 35.5% Corporate Loans -13.0% 35.6% 37.8% 38.4% Commercial Loans -6.3% 25.1% 15.4% 27.8% Agricultural Loans -6.9% 47.9% 35.1% -2.6% Industrial Loans -63.3% 155.4% 216.9% 106.0% Total -7.1% 2.8% 14.0% 29.0% Loan Portfolio Structure Dic 09 Dic 10 Dic 11 Ago 12 Consumer Loans 42.0% 37.2% 35.2% 36.6% Mortgage Loans 42.2% 42.0% 39.6% 37.4% Corporate Loans 15.8% 20.8% 25.2% 26.0% Since adopting the new strategy, the Bank: Has a more balanced & diversified loan portfolio. Has a faster growing loan portfolio than the financial system. Has the best loan quality ratios of the system. Has excellent profitability ratios.