Consolidated Interim Financial Statements. as at 30 June Growing together.

Transcription

1 Consolidated Interim Financial Statements. as at 30 June Growing together.

2 Overview. (Half-yearly figures are not audited.) 1st half st half 2010 Income statement in CHF million in CHF million +/ in % Gross income Operating expense Operating profit / operational cash flow Profit before allocations to reserves excluding deductions for minority interests Group net profit Balance sheet in CHF million in CHF million +/ in % Due from customers 2,732 2, Mortgage loans 11,315 11, Deposits from the public 11,974 11, Bonds and loans from central mortgage institutions 2,139 2, Equity excluding minority interests (before appropriation of profits) 1,927 1, Balance sheet total 17,161 16, Selected key figures 1st half st half / in % Net new money Cost/Income-Ratio II 47.2% 49.3% 4.3 Return on equity 10.0% 10.7% / in % Client assets 26,747 26, Full-time equivalents (adjusted for parttime positions, apprenticeships at 50%) Staff headcount Parent company locations Group locations Absolute change Consolidated half-yearly results 2011

3 Consolidated balance sheet Assets in CHF 1,000 in CHF 1,000 +/ in % Liquid assets 96, , Claims from money market securities 89, , Due from banks 895, , Due from customers 2,731,591 2,808, Mortgage loans 11,315,040 11,033, Securities and precious metals trading assets 3,338 8, Financial assets 1,507,352 1,513, Non-consolidated participations 19,195 19,195 Tangible assets 129, , Goodwill 11,524 15, Accrued income and prepaid expenses 54,451 54, Other assets 306, , Balance sheet total 17,160,528 16,982,

4 Liabilities in CHF 1,000 in CHF 1,000 +/ in % Due to banks 408, , Due to customers on savings and deposit accounts 7,544,507 7,446, Other balances due to customers 4,297,609 4,105, Medium-term notes 132, , Bonds and loans from central mortgage institutions 2,139,430 2,390, Accrued expenses and deferred income 95, , Other liabilities 350, , Value adjustments and provisions 234, , Reserves for general banking risks 1,207,829 1,192, Endowment capital 175, ,000 Participation capital 75,000 75,000 Own equity 2,566 2, Capital reserve 47,102 46, Retained earnings 343, , Minority interests in equity 27,540 24, Consolidated net profit for the year 154,061 Consolidated net profit for the half-year 83,121 of which minority interests 2,112 4, Balance sheet total 17,160,528 16,982, Consolidated half-yearly results 2011

5 Consolidated income statement. 1st half st half 2010 in CHF 1,000 in CHF 1,000 +/ in % Net interest income 125, , Net fee and commission income 55,551 56, Net trading income 10,727 8, Other ordinary income 2,785 2, Gross income 194, , Personnel expenses 58,937 60, General administrative expenses 27,273 28, Total operating expense 86,210 88, Operating profit / operational cash flow 108, , Depreciation and write-offs on fixed assets and participations 5,776 6, Goodwill amortisation 3,841 3,841 Value adjustments, provisions and losses 0 0 Group profit before extraordinary items and taxes 99,124 93, Extraordinary income, including taxes 16,003 23, of which allocation to reserves for general banking risks 15,000 27, Group net profit for the half-year 83,121 70, of which minority interests 2,112 1,

6 GKB's history milestones GKB's total assets (in CHF billion) 18 bn 16 bn 14 bn 12 bn 10 bn 8 bn 6 bn 4 bn 2 bn Graubündner Kantonalbank founded 1876 First branch opens in Graubünden 1911 Move to current premises at "Postplatz" 1921 Endowment capital increased to CHF 30 million 1970 GKB Beitragsfonds (special charitable fund for Graubünden) created in our centenary year (details of what we support can be found at: Participation certificates issued th branch opens 1983 First ATMs introduced 1990 First counter service offering bank-counter device 1998 Cantonal banking legislation adopted and cantonal guarantee put in place Stake in Zurich-based Privatbank Bellerive AG 2002 Entire bank restructured to form modern retail bank 2004 IT outsourced 2005 Stake in Private Client Bank AG in Zurich 2006 New Client House opens in Chur 2008 Stake in Private Client Bank AG increased to 50% 2009 GKB Auditorium opens (details on our events centre can be found at GKB comes top in latest brand index/reputation study 2011 Receives "Top Employer of 2011" award and "kununu Top Company" award 2010 brand index Applies completely Successful Professional Good future ahead Innovative Solid wealth Solid mortgage Solid investment expertise management expertise expertise Does not apply at all GKB other banks 2010 regionalised brand study More on value management and Graubündner Kantonalbank's strategy can be found at: Consolidated half-yearly results 2011

7 PC GKB Graubündner Kantonalbank Participation Certificate Sec. No Listed on SIX Swiss Exchange Price: CHF 1, Graubündner Kantonalbank (GKB) is a mid-sized cantonal bank. In addition to private and corporate client business focused on the Canton of Graubünden, GKB has a long-standing tradition in private banking. Offering a comprehensive range of services, attractive employment options, progressive training opportunities and balanced value management, meeting the needs of its clients, employees, investors and the public is of paramount importance to GKB. The bank holds strategic stakes in Privatbank Bellerive AG, Zurich, and Private Client Bank AG, Zurich. The equity capital of Graubündner Kantonalbank comprises endowment capital, participation capital, and reserves. Capital structure Endowment and participation cap.: CHF 250 Mio. 750,000 PC at CHF 100 nom. 1,750,000 units endow. cap. at CHF 100 nom. Shareholders Canton of 87.4% of capital (as at ) Graubünden: Board/Management: 0.1% of PC (as at ) Board/Management Supervisory Board Hans Hatz (since 1998) Chairman: CEO: Alois Vinzens (since 2003) No. of SB/EB members 2011: 7/4 Rating Standard & Poor s Short term: Long term: Outlook: A-1+ AA+ stable Key dates Annual figures 2011: 3 February 2012 Participation capital 31 March 2012 holders meeting 2012: Key figures per Participation Certificate (PC) per PC (adjusted in CHF) (S) 2012(S) Equity capital Adjusted net profit Dividend Payout ratio 41.9% 40.9% 49.6% 53.0% % 2 per PS (in CHF) Price High 1,035 1,237 1,255 1,247 Low ,190 1,194 P/E High ,4 Low ,7 1 not including goodwill/immaterial 2 estimate ZKB Research 3 Ex-dividend as at price and performance development as at year performance (including dividend distributions) 40 % 20 % 0 % 20 % 40 % 60 % 80 % Graubündner Kantonalbank PC Swiss Performance Index Swiss Performance Index Banks In addition to the GKB Participation Certificate, the following convertible bonds allow investors to participate in GKB s performance: Convertible bond Maturity Sec.No. Convertible Conversion Price 4 until price 1% Graubündner Kantonalbank CHF 1, % 2% Graubündner Kantonalbank CHF 1, %

8 Graubündner Kantonalbank P.O. Box, CH-7002 Chur Tel. +41 (0) Fax +41 (0) % FSC-certified recycled paper Photo: GKB / Design: Rabiosa Tscharner&Caspar, Malix / Printed by: Südostschweiz Print AG, Chur