Crédito Agrícola Group. Meet your partner in Portugal Brief Presentation

Transcription

1 Crédito Agrícola Group Meet your partner in Portugal Brief Presentation 1

2 Index History and Ownership Structure Key Financials Competitive Landscape Value Proposition Industry Awards Main Contacts 2

3 Crédito Agrícola Group has a remarkable century-old history in Portugal... Over 100 years of history generating value for members, customers, local communities and employees 1896: The first agricultural co-operative credit law is created to serve farmers seeking funds. 1911: Crédito Agrícola was formally created in Portugal, under a cooperative structure. Its model, notwithstanding adaptations from time to time, is still current. 1929: For political reasons, control over agricultural loans and other specialized credit was transferred to a Stateowned Financial Institution. 1976: Following the revolution in 1974, all private financial institutions were nationalized, except for Crédito Agrícola and non- Portuguese financial institutions. 1978: The National Federation of Agricultural Co- Operative Credit Institutions (FENACAM) was created to support and represent the interests of its members, both national and internationally. 1982: Crédito Agrícola reaches autonomy from the State-owned Bank and the network s dispersion reaches its peak with 223 local banks. 1984: Caixa Central is founded to become the financial head of the Group. 1991: Caixa Central was empowered with the mission of supervision, guidance and financial representation of SICAM (comprising the local banks and Caixa Central itself). 1992: Beginning of international business activity. ( ) : Caixa Central broadens its scope of activities (universal bank) and invests in other businesses (beyond retail banking) to provide a global financial service. 2011: Crédito Agrícola celebrates its 100 th birthday. 2013/2015: Crédito Agricola begins a reorganization process as part of a corporate strategy to reinforce the Group s business and positioning in Portugal and abroad. 3

4 Crédito Agrícola Group s Corporate Mission, Core Values and Development Strategy Corporate Mission Development Strategy To be the driver for the sustainable development of local communities, through long-term relationships with customers based on proximity and which contribute to fulfil their financial and protection needs and expectations ( one stop shopping ). To satisfy customers financial and protection needs, as well as to fulfil their financial aspirations To promote the local communities development To be recognized as a role model in the financial industry among members, customers, regulatory bodies, partners, employees and the other stakeholders. Soundness Proximity Core Values Co-operative values Trust Simplicity To leverage sustainable investment projects To improve relationship with customers through lean processes that support an excellent service To focus on targeting business opportunities that are expected to return on-going profitability and enhance the cooperative values 4

5 Crédito Agrícola Group has a comprehensive geographical coverage to fulfil its corporate mission Crédito Agrícola Group s Current Network Footprint The Crédito Agrícola Group covers most of continental Portugal and the Azores Islands Crédito Agrícola Group s presence is visible in 278 out of 308 municipalities in Portugal (90%) through a network 675 branches. Crédito Agrícola covers 633 out of the 3,092 parishes in Portugal (20%) and: In 369, Crédito Agrícola has the only existing branch. In 616, the only connection to the banking system is provided by a Crédito Agrícola s ATM. These branches are complemented by an extensive ATM network (1.497 machines). 5

6 The Group has accelerated the process of mergers to reach the optimal scale to act in each local market Local Banks: Number and Dimension ( ) Average number of locations per Local Bank Net assets per Local Bank (EUR Million) Number of Local Banks Some Local Banks have decided to merge in order to reach the optimal dimension, not only in terms of organizational structures (e.g. commercial, risk, operational support), but also in terms of capital structure to finance corporate projects on a regional scale. 3 6

7 Crédito Agrícola Group currently comprises 82 Local Banks, Caixa Central, Specialized Companies and Fenacam (1/2) The Crédito Agrícola Group Shareholding Structure Agricultural Local Banks * Head of the Group (Central Mutual Agricultural Credit Bank) ** ** ** - SICAM (perimeter) is represented by Caixa Central, upon which powers were conferred in the areas of oversight, intervention and guidance of banks. (*) A FENACAM detém (*) 98,80% FENACAM do seu owns próprio 98,8% capital. of its own shares. (**) Consolidação 7 por método de equivalência patrimonial. (**) Consolidation by the equity method.

8 Crédito Agrícola Group currently comprises 82 Local Banks, Caixa Central, Specialized Companies and Fenacam (2/2) The Crédito Agrícola Group Shareholding Structure Local Banks Assets Management Head of the Group Software & IT/Comms. 82 Local Banks ( CCAM ) represent the core of Crédito Agrícola Group, with: > Members > Customers SICAM Sistema Integrado do Crédito Agrícola Mútuo ( SICAM ), develops the Bancassurance activities and sells other financial products and services. Insurances (life&non-life) Non-life and Life Insurance companies use the Group s retail network to distribute their offer which is widely recognized in the market. Fund and Assets & Liabilities Management. Private Equity Private equity company that manages risk capital funds invested in industries such as agriculture and forestry. National Federation FENACAM Federação Nacional das Caixas de Crédito Agrícola Mútuo, was the first structure with national coverage aiming to preserve the Local Banks (CCAM) interests and to represent them in Portugal and internationally. Caixa Central - Caixa Central de Crédito Agrícola Mútuo, CRL, is a cooperative bank with responsibility regarding Group s coordination and joint banking strategy development, institutional representation (includ. domestic clearing and capital markets), supervision and guidance (as empowered by the National Central Bank), Group s treasury and liquidity management, shared services provision and retail bank for Lisbon and Oporto markets. Responsibility for providing software development services and IS/IT and communications equipment purchasing services provision (shared services). 8

9 History and Ownership Structure Key Financials Competitive Landscape Value Proposition Industry Awards Main Contacts 9

10 Crédito Agrícola is one of the leading Portuguese financial groups, with net assets over EUR 15 Billion (In EUR Million; "." means thousands; as of 31 st Dec) Resources from customers (on & off balance ) of which Deposits of which Funds and Capitalization Insurance (a) Loans to Customers (gross) Loans to Customers (net) Total Net Assets Net Equity Common equity tier 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 13,1% 13,1% Core Tier 1 Capital Ratio (Basel II) (b) 9,1% 10,4% 10,5% 11,6% 11,6% 12,2% 12,1% 12,7% 12,5% 11,6% 11,9% n.a. n.a. Solvency Ratio (Basel II) (b) 11,3% 12,9% 14,0% 14,4% 14,4% 13,3% 12,7% 13,4% 12,7% 10,9% 10,8% 13,1% 13,5% Net Loans to Deposits Ratio 83,5% 81,7% 78,9% 76,6% 77,9% 83,2% 84,0% 80,9% 80,6% 75,7% 73,8% 68,9% 69,2% Financial Margin Commissions (net) Insurance Technical Margin n.a. n.a. n.a Gross Income (Operating Profit) Net Profit Efficiency Ratio (%) 55,6% 53,5% 57,8% 45,5% 46,4% 56,8% 68,8% 68,3% 65,4% 67,0% 68,2% 57,5% 63,8% Return on Equity (%) 15,0% 13,8% 10,8% 11,6% 13,5% 12,2% 4,9% 3,2% 5,3% 4,1% -0,3% 2,2% 4,5% Return on Net Assets (%) 1,0% 1,0% 0,8% 0,8% 1,1% 1,0% 0,4% 0,2% 0,4% 0,3% 0,0% 0,2% 0,4% Local Banks (#) Branches (#) Staff (#) (a) Includes mathematical provisions and financial liabilities under insurance contracts, within SICAM perimeter, considered for accounting purposes. (b) Note that ratios were calculated according to the applicable accounting principles (PCSB for 2002 to 2006; NCA for 2007; NIC and Basel II from 2008 onwards). 10

11 On December 2015, Crédito Agrícola s market share accounts for 6,5% of deposits and for 4,2% of granted loans Geographic Market Share - Deposits Crédito Agrícola s Market Shares Geographic Market Share Granted loans CA 25% 15% CA < 25% 10% CA < 15% 5% CA < 10% CA < 5% CA 25% 15% CA < 25% 10% CA < 15% 5% CA < 10% CA < 5% Global market share: 6,5 % Global market share: 4,2% Açores Açores Source: Portuguese Central Bank (Banco de Portugal); December

12 History and Ownership Structure Key Financials Competitive Landscape Value Proposition Industry Awards Main Contacts 12

13 In 2015, Crédito Agrícola had the lowest cost to income ratio and liquidity ratio and had the 4 th highest CET1 ratio Benchmark among the 7 major Financial Groups in Portugal 2015 Common Equity Tier 1 (BIS III) - phase in Cost-to-Income Ratio 15,7% 13,6% 13,3% 13,1% 11,1% 10,8% 8,8% Minimum: 8,5% 45,1% 77,6% 41,5% 58,5% 53,1% 66,6% 78,9% Average: 60,2% A B C D E F A B C D E F Loans to Deposits Ratio (%) Return on Equity (%) 105% 113% 101% 69% 85% 90% 113% Indicative Liquidity Ratio Cap: 120% 11,0% 5,3% 4,5% 10,4% -2,8% -1,8% -16,5% A B C D E F A B C D E F Sources: Banks results by December The bank A does not include the acquisition concluded in December 20 th

14 Crédito Agrícola has an extensive network of branches and, in 2015, ranked in 3 rd Retail Banks in Portugal (# branches) Bank Dec.2014 Dec.2015 Change Σ Total In 2015, the 7 major banks in Portugal closed 204 branches and some of them plan to close some more branches in result of acquisition and/or optimization processes. Sources: Press releases. The bank A includes the acquisition concluded in December 20 th 2015.

15 History and Ownership Structure Key Financials Competitive Landscape Value Proposition Industry Awards Main Contacts 15

16 As a universal bank, Crédito Agrícola offers a wide range of financial products and services to individuals and corporations Savings and Checking Accounts Corporate accounts ( or foreign currency) Direct debits Standing orders Payment management Loans / Credit (Individuals and Corporate) Mortgage loans Consumption credit Cash advances / Overdrafts Credit for investment Commercial paper issuing Current-account credit facility NON-EXHAUSTIVE Deposits Cash deposits Fixed- and variable-rate Savings Structured deposits Leasing & Invoicing discounting Vehicle leasing Equipment leasing Real Estate leasing Invoice discounting Asset Management Structured products Securities investment Funds Real Estate investment Funds Integrated asset management Investment Accounts Custodian operations and Market orders Structured products Mutual investment funds Portfolio management International Business Trade finance Correspondent banking International payments Emigrant remittances Tax-efficient investments Management & Financial Advisory Business & corporate strategy Mergers & acquisitions Corporate finance Organization & governance Internationalization Electronic Payments Systems Support Service for Payments and Receipts Debit & credit cards Corporate credit cards Co-branded and private labels POS & ATM Transfers Payments of wages and suppliers Salary management Direct debit systems Life & Non-life Insurances Specialized Financial Services Life and Health insurance Retirement / education insurance and savings & pension funds Property and casualty insurance Professional and personal responsibility Cash management Money and capital markets Financial instruments Foreign exchange Securities brokerage and custody Commodities risk management Venture Capital & Vehicles (mandates) Operational management: Mandates: - FCR Central FRIE - FCR Agrocapital 1 Co-management: - FEII Floresta Atlântica Other financial instruments 16

17 Crédito Agrícola is the financial partner for a wide range of industries Manufacturing Agro-Industrial Healthcare and Social Services Business Services Automotive Power & Utilities Entertainment, Media and Technologies Pharmaceuticals Public Sector Our industry expertise allows us to support Companies and Projects in a wide range of industries. Forest, paper & packaging Retail & Consumer Transport & Logistics 17

18 Beyond its 675 branches, the Crédito Agrícola Group offers state-of-the-art electronic interfaces in the digital world 675 Branches > 1,400 ATM & B24 CA Online CA Imóveis CA Mobile Banking & Apps Call Center

19 The Crédito Agrícola Group is enhancing its international presence through investment and commercial agreements CA geographical footprint (2015) Europe Germany Belgium France Luxembourg Portugal Switzerland Spain Africa Cape Verde Cape Verde Azores Madeira Portugal France Spain Belgium Luxembourg Germany Switzerland Legenda: Domestic network Offices (ER/EI) Agents IFI/SFE Partnerships w/ banks 19

20 Crédito Agrícola Group s communication strategy is focused on transparency and simplicity to customers and members See here the new film.» 20

21 History and Ownership Structure Key Financials Competitive Landscape Value Proposition Industry Awards Main Contacts 21

22 Recognition of Crédito Agrícola Group s excellence by the banking and insurance industries In 2015, Crédito Agrícola ranked 557th in the global ranking of banks. Portuguese Industry Awards for Crédito Agrícola Group Awarded by EXAME (Portuguese economic magazine): Most profitable bank in its segment Crédito Agrícola ranked 3th in terms of soundness in Portugal (2015) in Exame 2012 Best major life insurance company in Exame 2012, 2006 Category: Banks customer service Best non-life insurance company in its segment in Exame 2015, 2013, 2010, 2009,

23 O Crédito Agrícola, natural partner for the development of local communities In over 100 years of activity, Crédito Agrícola has contributed to economically, socially and culturally develop the regions where Local Banks are integrated (co-operative principles and values being na intrinsic feature). 23

24 History and Ownership Structure Key Financials Competitive Landscape Value Proposition Industry Awards Main Contacts 24

25 Contacts: Caixa Central Caixa Central de Crédito Agrícola Mútuo Rua Castilho, 233/233A, Lisbon, Portugal International Business Compliance Financial Tel: (+351) Fax: (+351) Tel: (+351) Fax: (+351) Tel: (+351) Fax: (+351) Mr. João Barata Lima Department Head Mrs. Helena Aparício Department Head & Compliance Officer Mr. Manuel Moreira Lima Department Head Mr. Duarte Vidal Correspondent Banking & Trade Finance 25

26 Crédito Agrícola Group Your banking choice in Portugal Thank You! 26