B C C C Group rou F 2 Y 013 Re R sults

Transcription

1 FifFi BCC Group FY2013 Results 1

2 IMPORTANT NOTICE The information presented herein is based on sources which Bank CenterCredit (the Bank ) regards dependable. This presentation may contain forward looking statements. These statements concern or may affect future matters, such as the Bank's economic results, business plans and strategies, and are based upon the current expectations of the directors. They are subject to a number of risks and uncertainties that might cause actual results and events to differ materially from the expectations expressed in or implied by such forward looking statements. Factors that could cause or contribute to differences in current expectations include, but are not limited to, regulatory developments, competitive conditions, technological developments and general economic conditions. The Bank assumes no responsibility to update any of the forward looking statements contained in this presentation. 2

3 OVERVIEW FOR THE FY Bank of best practice with consistent growth A 25-year history bank Strong strategic shareholders Strong liquidity 2 Strong Financial Stability Indicators Capital Adequacy ratio 15.96% Loan to deposit ratio 0.97 Current liquidity ratio of 45.6% 3 Strong market share across market segments 4 th largest bank by assets Leading market share of SME value chain Treasury powerhouse 3

4 THE BANK AT A GLANCE JSC Bank CenterCredit Subsidiaries Number of Employees NBK License 248 dated Jan subsidiaries headcount Channels 20 branches,127 outlets, 738 ATMs Total Equity Listings Auditors KZT 86,870 MM KASE Deloitte LLP Credit Rating Long term Short term Outlook B+ B Stable B+ B Stable 4

5 KEY PERFORMANCE HIGHLIGHTS 1 Profitability KZT bln Net Interest Margin (%) Profit before tax Profit after tax FY % 2, FY 12 % 1.4% Efficient Balance Sheet KZT bln Total Assets Customer deposits Net Loans & Advances FY 13 1, FY 12 % 1, (1) 3 Strong Prudential & Performance Ratios Capital Adequacy (%) Liquidity Ratio Net Loans to Deposits(%) ROAE (%) Cost of Funds (%) FY FY (0,01) (16.7) (0.1) (0.04) 5

6 KEY MESSAGES Continuous improvement in NIM NIM Improved from 1.4 % in 2012 to 3.7 % in Cost of funds reduced from 5.8% to 5.1% Moderate loan growth Loan book grew by 4% or KZT32 bln. in Y 13 Decrease of external borrowings BCC has repaid its foreign liabilities in amount of USD 342 MM during Y 13 Improving cost efficiency Operating cost to income down to 35% in FY13 from 62% FY2012 6

7 KAZAKHSTAN BANKING SYSTEM ASSETS as of January Bank KZT Change Change Change name KZT bl Position Share KZT bl Position Share Position Share KZT bl Position Share bl +/- +/- +/- 1 KKB % ,4% ,2% 2% 3% -2% 2 Halyk ,8% % ,9% ,8% 10% 5% 4% 3 BTA ,6% % ,9% ,8% -19% -6% 0% 4 BCC ,1% % ,7% ,9% -12% 0% 1% 5 Sberbank ,3% % ,3% ,7% 74% 49% 41% 6 Tsesna ,9% % ,5% ,0% 93% 41% 49% 7 ATF ,2% % ,1% ,8% 0% -13% 5% 8 Kaspi ,9% % ,2% ,5% 20% 39% 45% 9 Eurasian ,0% % ,4% ,8% 3% 26% 26% 10 Alliance ,1% % ,3% ,6% 6% 16% -6% Total ,0% % ,0 % ,0% 6% 8% 11% LOANS as of January Bank name KZT bl Position Share KZT bl Position Share KZT bl Position Share KZT bl Position Share Change +/- Change +/- 1 KKB ,9% ,7% ,6% ,6% -3% 6% 4% 2 BTA ,1% ,0% ,7% ,8% 27% -1% 16% 3 Halyk ,5% ,1% ,2% ,0% 12% 12% 13% 4 BCC ,9% ,7% ,3% ,6% 12% 6% 4% 5 Sberbank ,9% ,4% ,5% ,0% 103% 47% 51% 6 АТФ ,4% ,3% ,6% ,4% 2% -11% -7% 7 Kaspi ,2% ,5% ,2% ,4% 25% 34% 47% 8 Tsesna ,6% ,2% ,1% ,0% 123% 43% 40% 9 Alliance ,0% ,1% ,1% ,4% -2% 11% -1% 10 Eurasian ,5% ,6% ,2% ,3% 19% 36% 21% Total ,0% ,0% ,0% ,0% 15% 12% 15% Change +/- Source: National Bank 7

8 2013 PERFORMANCE HIGHLIGHTS MM KZT FY2013 FY2012 Y-o-Y Y (%) Net Income 7,880 7, % Net Interest Income (1) 35,659 19, % RoAE RoAA 0,36% 0.03% 0,4% 0,03% Gross loans 972, , % Net Loans 775, ,471 (1.01)% Total Assets 1,093,482 1,087, % Total Customer Accounts 803, , % Total Equity 86,870 87,118 (0.3%) Provisions/gross loans 20% 14.9% Loans/deposit ratio (2) 97.4% % Liquid assets/total assets 23.7% 24% (1) before impairment charge (2) loans to customers, net/amounts due to customers 8

9 INCOME STATEMENT KZT MM FY 13 FY 12 Y-o-Y Y % Interest Income 85,269 73, Interest Expense (49,610) (54,154) (9.2) Net Interest Income 35,659 19, Non-Interest Income 23,760 19, Operating Income 31,640 27, Impairment Charges (27,779) (11,932) Operating Expenses (29,345) (26,882) 8.4 Profit Before Tax 2, Profit for the Period (12) 9

10 BALANCE SHEET (mln. KZT) 2011г. 2012г. 2013г. (+/-) 2013г. ASSETS mln.kzt % Cash and cash equivalents % Securities % Due from banks % Loans to clients and banks % Others % TOTAL ASSETS ,5% LIABILITIES AND EQUITY: Due to banks and financial institutions % Customers and banks accounts % Debt securities issued % Other liabilities % Total Liabilities % EQUITY Share capital % Reserve Capital % Retained earnings % Total equity attributable to owners of the parent % Non-controlling interest % Total equity % TOTAL LIABILITIES AND EQUITY ,5% Source: Consolidated financial statements 10

11 P&L: NET INTEREST INCOME Market shares (%) Net Interest Income, $mm Interest Income on Loans, $mm Interest Expenses on Deposits, $mm Net Interest Margin, % Rates on Net Loan Portfolio, % Rates on Deposits, % 2,4 3,7 10,4 8,5 9,6 5,2 4,4 4,2 1,

12 P&L: OPERATING EXPENSES Net profit ($mm), Net interest margin (%) Cost / Income ratio ,4% 18 2,3 2,1% Net Profit 2 NIM 3,7% 7% 6% 5% 4% 3% 2% 1% 0% 55,1% 62,0% 35,0% Operating income structure ($mm) Non-interest income contribution (YE2013) Net interest income Net non-interest income 143,7 132,3 154,2 48,0 50,1 51,1 FX gain 18% Fee and commissions 82% 12

13 BALANCE SHEET: CAPITALIZATION Equity (KZTmm) Capital dynamics (KZTmm) Equity Equity/Assets 8% 8% 8% % -20% Share capital 69,797 69,798 69,826 Retained earnings & 15,886 16,108 16,077 statutory reserves Tier I capital 86,761 87,112 87,453 Tier II capital 57,180 55,125 55,085 Total capital 143, , ,538 RWA 850, , ,368 Capital Structure (BIS, KZTmm) Capital Adequacy (BIS) Tier 2 KZT 55,085 Tier 1 KZT 87,453 mm 16,93% 15,95% mm 10,21% 9,77% 9,79% Tier 1 Total capital 15,96% Total capital adequacy min. requirement = 8% Tier 1 capital adequacy min. requirement = 4% 13

14 CREDIT ACTIVITY INDICATORS Provisioning level % Bank name * BTA 62,35% 86,53% 78,88% ALSB 45,24% 40,95% 43,05% АTF 19,95% 23,11% 35,95% KKB 34,77% 37,99% 33,93% BCC 16.01% 16.2% 20.29% HSBK 23,71% 21,83% 17,36% KASPIBANK 16,41% 15,70% 13,48% TSESNABANK 3,57% 3,85% 4,30% SBERBANK 5,33% 5,16% 2,88% Accrued interest,% Bank Name BTA 14,60% 16,70% 16,17% KKB 15,00% 15,40% 15,06% ALSB 11,70% 11,50% 12,25% ATF 8,00% 8,70% 9,69% BCC 7,70% 5,70% 7,59% HSBK 8,10% 6,70% 6,54% TSESNABANK 5,16% 4,87% 5,56% KASPIBANK 7,21% 5,29% 3,74% SBERBANK 0,69% 0,66% 0,70% Overdue more than 90 days, % Bank name BTA 71,44% 78,21% 86,51% ALSB 50,99% 46,30% 49,78% ATF 33,61% 42,66% 40,99% KKB 23,24% 25,25% 29,42% BCC 8.64% 9.67% 16.35% HSBK 18,61% 17,00% 16,30% KASPIBANK 15,69% 13,45% 12,23% TSESNABANK 3,54% 2,90% 3,75% SBERBANK 1,93% 1,28% 2,14% Total: 30,60% 29,79% 31,37% * on , the provisions under IFRS. Source: NB KR 14

15 BALANCE SHEET: LOAN PORTFOLIO % 100% 50% USD mm 89% 85% 81% Retail loans ($mm) 0% 0 Loans to Assets Gross Loans Total Assets Gross Loans/Total Assets Loan Portfolio by Currencies Other KZT Other 36% 27% 19% 64% 73% 81% 80% 60% 40% 20% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Loan Portfolio by Segments(%) Corporate Retail Loan Portfolio by Industries Transportation& equipment maintenance 3% Agriculture 5% Rent 6% Food Industry 5% Oil&Gas 2% Residential Construction 5% Transport& Communication 1% Industrial Construction 6% Production 7% Energy 1% Mass Media 1% Other 4% Trade 17% Individuals 37% 15

16 BALANCE SHEET: NPLs Provisions Level and NPLs (%) Collaterization (%) NPLs/Loans 14,2 14,9 Provisions/Loans 19,4 20,3 Secured Unsecured 1,2 1,3 2,0 8,2 9,7 98,8 98,7 98,0 NB: NPL 16,9 without off-balance 83,0% 85,0% 84,0% 73,0% 75,0% 74,0% 66,0% 63,0% 62,0% Total Loans Total Loans LTV Ratio Розница Ипотека Потребительские 25,00% 20,00% 15,00% 10,00% 5,00% 0,00% NPL by Business Segments 12,00% 9,50% 4,10% SME Corporate Retail 23,00% 18,20% 16,50% 11,60% 7,40% 11,10% 16

17 BALANCE SHEET: FUNDING Funding Composition (YE2013) Due to banks Debt securities 9% issued 5% Subordinated debt 5% Other liabilities 1% Customer & bank accounts 80% Funding diversification dynamics ($mm) 0 Other liabilites Subordinated debt Due to banks Debt securities issued 6,706 6,638 6, Customer account breakdown by currency Average loan rates and cost of funding 120% 100% 80% 60% 40% 20% 0% Other KZT Yield on assets Cost of liabilities Spread 28% 24% 24% 9,0% 7,5% 5,9% 6,8% 5,8% 5,1% 72% 76% 76% 1,6% 1,9% 3,9% 14% 12% 10% 8% 6% 4% 2% 0% 17

18 PORTFOLIO QUALITY mln.kzt 27,0% 22,0% 17,0% 12,0% 7,0% ,2% 12,3% 8,2% 16,2% ,4% 18,5% 14,9% 9,7% 25,5% ,3% 19,4% 7,9% Portfolio NPL, % Overdue, % Provision,% Restructured 30,0% 25,0% 20,0% 15,0% 10,0% 5,0% 0,0% Overdue 25,5% 16,2% 12,3% 22,5% 7,9% 15,8% 15,0% 16,7% 24,9% 13,6% 16,4% 29,0% SME Corporate Retail total 28,0% 24,0% 20,0% 16,0% 12,0% 8,0% 4,0% 0,0% NPL 8,2% 9,7% 19,4% 12,0% 7,4% 16,5% 9,5% 11,6% 18,2% 23,0% 4,1% 11,0% SME Corporate Retail total 30,0% 25,0% 20,0% 15,0% 10,0% 5,0% 0,0% Provision 14,2% 22,9% 14,9% 4,4% 14,9% 20,3% 20,7% 26,2% 19,6% 5,0% 23,6% 12,1% SME Corporate Retail total 18

19 FORECAST Indicator 2013 fact Q Q Q Q balance Q Q Q Q 2014 balance 1 Portfolio Overdue, mln Overdue, % 22,7% 25,5% 24,7% 24,1% 23,2% 23,2% 22,6% 21,9% 20,7% 20,3% 20,3% NPL, mln NPL, % 16,9% 18,9% 18,0% 17,2% 14,9% 14,9% 13,7% 12,6% 10,8% 9,9% 9,9% 5 Provisions, mln Provisions, % 21,9% 23,1% 24,0% 24,3% 23,6% ,6% ,7% 23,5% 23,9% 24,1% 24,1% 6 Return

20 ANNEX: KEY FINANCIAL INDICATORS KZT MM FY 13 FY 12 FY 11 Loans/deposit ratio (1) Liquid assets/total assets 23.7% 24% 25.7% NPLs/gross loans 19.4% 9.7% 8.2% Tier 1 CAR 87,453 87,112 86,761 Tier 2 CAR 55,085 55,125 57,180 Total regulatory capital 142, , ,941 RWA 893, , ,035 Tier 1 capital ratio 9.79% 9.77% 10.21% Total CAR 15.96% 15.95% 16.93% (1) Loans to customers, net/amounts due to customers 20

21 ANNEX: KEY FINANCIAL INDICATORS (cont d) Number of branches Number of outlets Number of ATMs Number of POS-terminals Cost-to-income 35% 62% ROAE 0.36% 0.4% ROAA 0.03% 0.03% Net interest margin 3.7% 1.4% 21