DISCLOSURE OF FINANCIAL INFORMATION June/2018

Transcription

1 DISCLOSURE OF FINANCIAL INFORMATION June/2018

2 TABLE OF CONTENT AMCM s guidelines dated 16/11/2012 ( Circular no. 026/B/2012-DSB/AMCM ) * Balance Sheet * Profit and loss Account * List of shareholders with qualifying holdings * Names of the members of the Company s Board * Cash flow statement * Off-balance- sheet exposures other than derivatives transactions * Derivatives transactions * Related party transactions * Capital * Credit Risk Geographic distribution of exposures Industry distribution of exposures Maturity analysis on assets & liabilities Analysis on past due assets * Market risk * Interest rate risk in the banking book * Foreign exchange risk * Liquidity risk * Unaudited

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4 BALANCE SHEET AS OF JUNE 30, 2018 MOP ASSETS GROSS ASSETS PROVISIONS, AMORTIZATIONS & NET VALUE NET ASSETS CASH 1,693,213, ,693,213, DEPOSITS WITH AMCM 669,345, ,345, CERTIFICATES OF INDEBTEDNESS ISSUED BY THE MACAU GOVERNMENT 8,755,084, ,755,084, ACCOUNTS RECEIVABLE 84,464, ,464, DEMAND DEPOSITS WITH OTHER CREDIT INSTITUTIONS IN MACAU 333,053, ,053, DEMAND DEPOSITS WITH OTHER CREDIT INSTITUTIONS ABROAD 1,047,787, ,047,787, GOLD AND SILVER OTHER CURRENT ASSETS 2,306, ,306, CREDIT GRANTED 25,908,798, ,640, ,843,157, PLACEMENTS WITH CREDIT INSTITUTIONS IN MACAU 4,897,000, ,897,000, DEPOSITS AT CALL AND TIME DEPOSITS WITH CREDIT INSTITUTIONS ABROAD 7,102,353, ,102,353, SHARES, BONDS AND EQUITY 5,172,298, ,172,298, INVESTMENT OF ASSIGNED FUNDS DEBTORS 170,665, ,665, OTHER PLACEMENTS FINANCIAL INVESTMENTS 8,946, ,946, PROPERTY 2,001,301, ,976, ,892,325, EQUIPMENT 156,995, ,732, ,263, DEFERRED COST 109,135, ,673, ,461, START-UP EXPENDITURE FIXED ASSETS IN PROGRESS OTHER FIXED ASSETS 1,833, ,833, INTERNAL AND ADJUSTMENT ACCOUNTS 185,258, ,258, TOTAL 58,299,841, ,022, ,924,819,217.78

5 BALANCE SHEET AS OF JUNE 30, 2018 MOP LIABILITIES SUB-TOTAL TOTAL BANKNOTES IN CIRCULATION 8,686,975, CURRENT DEPOSITS 18,755,255, DEPOSITS AT CALL 0.00 TIME DEPOSITS 8,479,837, ,235,092, GOVERNMENT DEPOSITS 11,231,491, AMOUNTS DUE TO CREDIT INSTITUTIONS IN MACAU 448,193, AMOUNTS DUE TO OTHER LOCAL ENTITIES 0.00 AMOUNTS DUE TO CREDIT INSTITUTIONS ABROAD 2,342,517, ASSIGNED FUNDS 0.00 CHEQUES AND ORDERS PAYABLE 1,876, CREDITORS 122,425, OTHER LIABILITIES 178,505, ,325,010, INTERNAL AND ADJUSTMENT ACCOUNTS 494,719, PROVISIONS FOR RISKS 286,529, CAPITAL 2,000,000, OTHER RESERVES 4,625,001, ,625,001, NET PROFIT BROUGHT FORWARD 0.00 NET PROFIT FOR THE PERIOD 271,489, TOTAL 57,924,819,217.78

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7 PROFIT AND LOSS ACCOUNT AS OF JUNE 30, 2018 Operating Account DEBIT AMOUNT CREDIT AMOUNT COST OF CREDIT OPERATIONS 206,532, INCOME FROM CREDIT OPERATIONS 589,232, PERSONNEL COSTS 108,080, INCOME FROM BANKING SERVICES 157,540, REMUNERATION OF INCOME FROM OTHER BANKING SERVICES 41,532, BOARD OF DIRECTORS AND 4,380, INCOME FROM SECURITIES AND EQUITY SUPERVISORY COMMITTEE INVESTMENTS 193, SALARIES AND WAGES 89,219, OTHER BANKING INCOME 10,892, BENEFITS 13,091, INCOME FROM NON-BANKING OPERATIONS 5,227, OTHERS 1,388, OPERATING LOSS 0.00 THIRD PARTY SUPPLY 4,403, THIRD PARTY SERVICES 52,291, OTHER BANKING COSTS 93,847, TAXATION 616, COSTS OF NON-BANKING OPERATIONS 2,181, DEPRECIATION ALLOWANCES 28,924, PROVISION ALLOWANCES 31,892, OPERATING PROFIT 275,848, TOTAL 804,618, TOTAL 804,618, MOP

8 PROFIT AND LOSS ACCOUNT AS OF JUNE 30, 2018 Statement of Profit and Loss MOP DEBIT AMOUNT CREDIT AMOUNT OPERATING LOSS 0.00 OPERATING PROFIT 275,848, LOSSES RELATED TO PREVIOUS YEARS 55,015, PROFIT RELATED TO PREVIOUS YEARS 34,025, EXCEPTIONAL LOSSES 0.00 EXCEPTIONAL PROFITS 0.00 PROFIT TAX PROVISION 38,383, PROVISIONS USED UP 55,015, PROFIT FOR THE PERIOD 271,489, LOSS FOR THE PERIOD 0.00 TOTAL 364,889, TOTAL 364,889, HEAD OF ACCOUNTING PRESIDENT OF THE EXECUTIVE COMMITTEE CECILIA KOU CARLOS MANUEL SOBRAL CID DA COSTA ÁLVARES

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10 LIST OF THE SHAREHOLDERS WITH QUALIFYING HOLDINGS Caixa Geral de Depósitos, SA %

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12 LIST OF THE SHAREHOLDERS WITH QUALIFYING HOLDINGS Board of the General Meeting Chairman: Joaquim Jorge Perestrelo Neto Valente Vice Chairman : Liu Chak Wan Board of Directors Chairman: Caixa Geral de Depósitos, SA., represented by José João Guilherme Vice Chairman : Carlos Manuel Sobral Cid da Costa Àlvares Members : Leandro Rodrigues da Graça Silva Tou Kei San Ieong Kim Man João Paulo Tudela Martins Tse See Fan Paul Executive Committee President : Carlos Manuel Sobral Cid da Costa Àlvares Members : Leandro Rodrigues da Graça Silva Tou Kei San Ieong Kim Man Sole Supervisor: CSC & Associados Sociedade de Auditores represented by auditor, Chui Sai Cheong Secretary: Pedro Afonso Correia Branco

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14 Cash Flow Statement MOP CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax 309,873,660 Adjustments for : Depreciation 28,924,127 Provision for doubtful loans and advances to customers (2,132,126) Interest income from investments in debt securities (66,793,643) Other Interest income (522,439,154) Interest expense 206,532,027 Dividend income (171,678) Net gain on disposal of items of property and equipment (49,104) Net gain on disposal and redemption from investment in debt securities (21,748) Amortization of discounts / premiums on debt securities, net 3,260,173 Exchange adjustments (10,973,036) (53,990,502) Decrease in placements with banks and other financial institutions with original maturity more than three months 3,485,771,860 Increase in minimum reserves with the monetary authorities (179,037,152) Increase in debt certificates issued by the Macao Government (551,026,207) Increase in loans and advances to customers 2,621,650,584 Increase in other assets 104,055,263 Increase in deposits and balances with banks and other financial institutions 39,080,704 Decrease in deposits from customers (8,789,291,991) Increase in bank notes in circulation 130,599,940 Increase in other liabilities (10,992,850) Cash generated from operations (3,203,180,351) Macao Complementary Tax paid (2,610,915) Interest received 552,982,587 Interest paid (238,344,442) Net cash flows from operating activities (2,891,153,121)

15 Cash Flow Statement MOP CASH FLOWS FROM INVESTING ACTIVITIES Interest received from investments in debt securities 72,668,247 Dividends received 171,678 Purchases of investments in securities (1,614,772,315) Proceeds from disposal and redemption of investments in securities 1,445,333,798 Purchases of items of property and equipment (28,705,344) Proceeds from disposal of items of property and equipment 79,104 Net cash flows used in investing activities (125,224,832) CASH FLOWS USED IN FINANCING ACTIVITIES Dividend paid (308,153,783) Net Decrease in cash and cash equivalents (308,153,783) Cash and cash equivalents at 1st January 13,415,161,120 Cash and cash equivalents at 30th June 13,107,007,337 REPRESENTED BY Cash and short-term funds 3,743,688,016 Placements with banks and other financial institutions with original maturity at or within three months 6,999,803,906 Less: Minimum reserves with the monetary authorities (652,862,538) 10,090,629,384 MOP

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17 Off- Balance Sheet Exposures other than Derivatives Transactions Contractual or notional amount of each material class of Off-Balance-Sheet exposures MOP Thousands (a) Credit substitutes - (b) Transaction-related contingencies 2,802,999 (c) Acceptances and other trade-related contingencies 21,698 (d) Note issuance facilities, revolving underwriting facilities and other similar facilities - (e) Forward asset purchases - (f) Unpaid portion of partly paid shares and other securities - (g) Forward forward deposits - (h) Asset sales with repurchase option - (i) Undrawn credit facilities and other commitments to extend credit 9,158,880 (j) Other off-balance-sheet items 831,189,733

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19 Derivatives Transactions Contractual amount or notional amount MOP Thousands Elements Nominal value - Interest rate contracts - - Exchange rate contracts 3,928,886 - Equities contracts - - Commodities contracts - - Others - Credit risk weighted amounts of interest rate contracts and exchange rate contracts as calculated in accordance with notice No. 011/2015-AMCM of 10/9/2015 MOP Thousands Elements Weighted exposure - Interest rate contracts - - Foreign exchange rate contracts 34,045

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21 Related Party Transactions Quantitative Disclosure as of June 30, 2018 MOP Thousands Debit balances 7,288,621 Interbank assets 7,212,349 Certificates of deposit - Sundry investments - Loans granted - Other assets 48,988 Operating cost 27,284 Credit balances 2,411,353 Deposits of non-bank customers - Certificates of deposit - Interbank liabilities 2,290,289 Other liabilities 12,540 Operating income 108,524

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23 Capital Quantitative Disclosure as of June 30, 2018 MOP Thousands Own funds & solvency ratio Core capital - paid up share capital Legal, statutory and other reserves which are created from appropriation of retained profits The total amount of supplementary capital Other deduction from capital The total amount of own funds after deduction Capital Adequacy Ratio * 2,000,000 3,044,867 1,243,615-6,288, % * The approach of the CAR s calculation was in compliance with Notice No. 011/2015-AMCM dated 10 September Solvency ratio (i.e. Capital adequacy ratio) is the ratio of the Bank s own funds to its risk-weighted exposures ( including credit risk, market risk and operational risk).

24 Capital Quantitative Disclosure as of June 30, 2018 MOP Thousands Solvency ratio for the top consolidated group The Holding Company - Caixa Geral de Depósitos Group 16.20% Its significant bank subsidiaries - Caixa - Banco de Investimento, S.A. Portugal 24.90% - Mercantile Lisbon Bank Holdings, Ltd. South Africa 14.93% - Banco Caixa Geral Brasil, S.A. Brazil 34.28% - Banco Caixa Geral, S.A. Spain 17.42% - Banco Comercial do Atlântico, S.A. Cape Verde 18.40% - Banco Comercial e de Investimentos, S.A. Mozambique 14.95% - Banco Interatlântico, S.A. Cape Verde 15.05%

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26 Credit Risk Quantitative Disclosure Geographic Distribution of Exposures of June 30, 2018 MOP Thousands Country code Name Loans and advances Loans and advances past due Specific provision Debt securities Interbank assets Government and/or public sector Financial derivatives Equity investment MOP Thousands AE UNITED ARAB EMIRATES 58, AO ANGOLA AU AUSTRALIA - 1,153, BE BELGIUM BD BANGLADESH BR BRAZIL 1,672, CA CANADA - 235, CH SWITZERLAND CN CHINA 48,167 52, , KY CAYMAN ISLANDS DE GERMANY DK DENMARK - 4, ES SPAIN (ESPANA) FR FRANCE - 337,836 4, GB UNITED KINGDOM - 566,455 2, HK HONG KONG 2, , ,838 3,908,762 7,673 ID INDONESIA IN INDIA - - 4, IT ITALY JP JAPAN - 857,504 12, JE JERSEY - 41, LU LUXEMBOURG - 16,205 5, MO MACAU 23,581, ,325 (65,641) - 428,054 4,802,000 8,457 1,273

27 Credit Risk Quantitative Disclosure Geographic Distribution of Exposures of June 30, 2018 MOP Thousands Country code Name Loans and advances Loans and advances past due Specific provision Debt securities Interbank assets Government and/or public sector Financial derivatives Equity investment MV MALDIVES 216, MZ MOZAMBIQUE 44, MU MAURITIUS MY Malaysia NL Netherlands - 262, NO NORWAY NZ NEW ZEALAND - 54,664 1, PL POLAND PT PORTUGAL - - 7,212,349 20,124 - RU RUSSIAN FEDERATION SA SAUDI ARABIA SG SINGAPORE - 190, ZA SOUTH AFRICA KR SOUTH KOREA SK SLOVAKIA (Slovak Republic) SE SWEDEN - 187, TR TURKEY US UNITED STATES - 716,285 13, VE VENEZUELA VG VIRGIN ISLANDS (BRITISH) ,623, ,325 (65,641) 5,172,298 8,578,195 4, ,937,343 8,946

28 Credit Risk Quantitative Disclosure Industry Distribution of Exposures of June 30, 2018 MOP Thousands SECTORS Loans and advances Loans and advances past due Specific provision Charge-offs Agriculture and fisheries 1, Manufacturing 502, (5) - Electricity, gas and water 845, Construction and public works 642, Trade (Wholesale and retail) 150,930 - (50) 63 Restaurants, hotels and related activities 562,618 - (140) - Transport, warehouse and communications 90, Individuals for house purchases 12,697,991 - (928) - Individuals for other purposes 686, ,187 (23,060) 1,697 Others 9,443,430 94,388 (41,458) 50,645 25,623, ,325 (65,641) 52,405 According to AMCM s requirement, a general provision of 1% for MOP 286 million was made by the end of the period in order to reach a balance of 1% of the aggregated value of the credits which were not overdue for more than 3 months and of guarantees.

29 Credit Risk Quantitative Disclosure Maturity Analysis on assets and Liabilities of June 30, 2018 Residual contractual maturity breakdown by types and repayable periods MOP Thousands Type of Accounts Total Repayable On demand Within 1 months (except those repayable on demand) More than 1 month but not more than 3 months More than 3 months but not more than 1 year More than 1 year but not more than 3 years More than 3 years Within an indefinite period ASSETS Loans and advances to customers 25,623, , , , ,326 2,742,562 20,785,422 0 Cash and balances with and loans and advances to banks 13,380,195 1,381,690 3,112,953 7,998, , Certificates of deposit held Securities issued by Macao SAR Government and /or AMCM 8,755, ,755, Other securities 5,172, , , ,055 1,712,430 1,906,815 0 Total assets 52,931,050 2,014,529 12,707,855 8,878,687 2,182,750 4,454,992 22,692,237 0 LIABILITIES Deposits and balances of banks and financial institutions 500, , Deposits from public sector entities 11,231,491 4,523, ,042 2,886,761 3,351,317 7, Deposits from holding and associated companies 2,290,289 14,999 1,261,990 1,013, Deposits from non-bank customers 27,235,091 18,764,914 1,450,755 1,016,676 4,640,727 1,362, Certificates of deposits issued Other securities issued Total liabilities 41,257,293 23,803,660 3,175,787 4,916,737 7,992,044 1,369,

30 Credit Risk Quantitative Disclosure Analysis on past due assets of June 30, 2018 Gross amount of past due assets to non-bank customers MOP Thousands Past due for Past due loans & advances (including trade bills) Collateral Specific Provisions More than 3 months but not more than 6 months More than 6 months but not more than 1 year 3, % 18, , % 76,172 46,163 More than 1 year 163, % 203,441 19,189 TOTAL 285, % 298,102 65,641

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32 Market Risk Quantitative Disclosure The market risk capital requirements MOP Thousands Items Amount Interest rate risk 0 Equity position risk 0 Foreign exchange risk 540 Commodities risk 0 Market Risk Capital Charges for all categories 540

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34 Interest rate risk in the banking book Quantitative Disclosure of June 30, 2018 Interest rate exposures at a shock of 200 basis points MOP Thousands Item Time band Long (a) (Short) (b) Long (c) (Short) (d) MOP Total net long (short) (e) Weighing factor (%) Weighted position long (short) (f) 1 Within 1 day 6,545,073 (11,650,012) - - (5,104,939) 0-2 >1 to <= 7 days 2,144,967 (416,030) - - 1,728, >7 days to <= 1 month 1,482,420 (566,835) , >1 to <= 3 months 5,943,152 (1,136,266) - - 4,806, , >3 to <= 6 months 839,662 (3,888,160) - - (3,048,498) 0.72 (21,949.19) 6 >6 months to <=1 year 30,866 (701,472) - - (670,606) 1.43 (9,589.67) 7 >1 to <=2 years 116,568 (603,489) - - (486,921) 2.77 (13,487.71) 8 >2 to <=3 years 69, , , >3 to <=4 years 50, , , >4 to <=5 years 264, , , >5 to <=7 years >7 to <=10 years 1, , >10 to <=15 years >15 to <=20 years Over 20 years Weighted position for this currency (1,643.56) 17 Weighted position of all other currencies 77, Weighted position of all currencies (16(f)+17(f)) 75, Own funds 6,288, Impact on economic value as % of own funds* (18(f) as % of 19(f)) 1.20%

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36 Foreign Exchange Risk Quantitative Disclosure as of June 30, 2018 Total net long and total net short positions in foreign currencies MOP Thousands Currency Net Open Position excluding option contracts Long or Short Net Position in Option contracts Long or Short Net Open Position including option contracts Long or Short 1. Australian dollars Canadian dollars (270) (270) 3. Chinese renminbi (981) (981) 4. Euro Hong Kong dollars 11,917,314 11,917, Japanese yen (17) (17) 7. New Zealand dollars (237) (237) 8. Pound sterling Singapore dollars 1,416 1, Swiss francs US dollars 34,852 34, Foreign currencies not separately specified above, except gold 3,982 3, Macao patacas (11,957,408) 14. MOP/HKD/USD Position# (in absolute value) 11,952, Gold Sum of Net Long Positions Under Items ,958, Sum of Net Short Positions Under Items 1-13 ( in absolute value) 11,958,913

37 Foreign Exchange Risk Quantitative Disclosure as of June 30, 2018 Where the net position (in absolute terms) in a particular foreign currency constitutes not less than 10% of the total net position in all foreign currencies, disclose in respect of the particular currency its net long (or net short) position. Hong Kong Dollar MOP Thousand equivalent Spot assets 11,978,536 Spot liabilities - Forward purchases - Forward sales (61,222) Net options position - Net long position 11,917,314

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39 Quantitative Disclosure as of June 30, 2018 MOP Thousands The arithmetic mean of the minimum weekly amount of cash in hand that is required to hold during the reporting period 734,899 The arithmetic mean of its weekly amount of cash in hand during the reporting period 6,347,070 The arithmetic mean of its specified liquid assets at the end of each month during the reporting period 44,962,798 The average ratio of specified liquid asset to total basic liabilities at the end of each month during the reporting period % The arithmetic mean of its one-month liquidity ratio in the last week of each month during the reporting period % The arithmetic mean of its three-month liquidity ratio in the last week of each month during the reporting period %

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