BANCA TRANSILVANIA. H financial results. August 10 th Clasificare BT: Uz Intern

Transcription

1 BANCA TRANSILVANIA H financial results August 10 th 2018 Clasificare BT: Uz Intern

2 Disclaimer The information contained in the present document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of this information or opinions contained herein. Banca Transilvania cautions readers that no forward-looking statement that may be contained in the present document is a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made, and Banca Transilvania undertakes no obligation to update publicly any of them in light of new information or future events. None of Banca Transilvania or any of its affiliates, advisors or representatives shall have any liability for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. The present document does not constitute a public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. Clasificare BT: Uz Intern

3 Agenda a Banking sector dynamics H Highlights Performance in H Overview of business lines BT Financial Group Financial statements 2 Clasificare BT: Uz Intern

4 12% 10% 8% 6% 4% 2% 0% % 16.2% 15.7% 13.5% 13.5% 11.3% 10.0% 9.6% 9.4% 8.3% 8.00% 6.4% 6.2% Bank assets growing at the fastest pace since 1Q12 Bank assets Loan quality total bank net assets, RONbn, % source: NBR NPL ratio (EBA), % source: NBR % % 7.5% % % 3.6% 4.6% 5.1% 4.4% 4.9% net assets %YoY 2.4% 2.3% 2.5% net assets in RONbn 1Q15 3Q15 1Q16 3Q16 1Q17 3Q17 1Q18 1Q15 3Q15 1Q16 3Q16 1Q17 3Q17 1Q18 3

5 9% 7% 5% 3% 1% -1% -3% -0.1% 0.6% 3.0% 2.8% 1.16% 1.17% 1.24% 3.1% 4.4% 7.4% 5.7% 6.1% 6.8% Lending reaches RON 242bn at the end of June Private loans maintain their robust growth during the first semester Positive contribution across all segments %YoY source: NBR YoY, RONbn source: NBR non-financial corporate loans financial corporate (excl. MFIs) loans household - other loans 6.6 household - consumer credit 3.7 household - housing loans Q15 4Q15 2Q16 4Q16 2Q17 4Q17 2Q Q15 4Q15 2Q16 4Q16 2Q17 4Q17 2Q18 4

6 16000% 14000% 12000% 10000% 8000% 6000% 4000% 2000% 0% RON loans FCY loans RON loans FCY loans 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% RON denominated loans make up 65% of all lending in Romania LCY loans continue to grow at double-digit YoY rates Companies have also been switching to LCY loans RONbn source: NBR structure by currency as of June source: NBR 24% 37% 14% 40% % 86% 63% 60% 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 household - consumer credit household - housing loans household - other loans non-financial corporate loans 5 Clasificare Banking BT: sector Uz Intern dynamics H Highlights Performance inh Overview of business lines BT Financial Group

7 T1 96 T1 97 T1 98 T1 99 T1 00 T1 01 T1 02 T1 03 T1 04 T1 05 T1 06 T1 07 T1 08 T1 09 T1 10 T1 11 T1 12 T1 13 T1 14 T1 15 T1 16 T1 17 T1 18 1Q 05 1Q 06 1Q 07 1Q 08 1Q 09 1Q 10 1Q 11 1Q 12 1Q 13 1Q 14 1Q 15 1Q 16 1Q 17 1Q 18 The real economy & investment cycle Deceleration converging towards potential Deterioration of the public finance Investments vs. consumption source: Statistics Office Budget deficit / GDP (%, s.a) source: Eurostat Private consumption (%, YoY) Fixed investments (%, YoY) (rhs) Clasificare BT: Economy Uz Intern H Highlights Performance in H Overview of business lines BT Financial Group

8 May-06 Nov-06 May-07 Nov-07 May-08 Nov-08 May-09 Nov-09 May-10 Nov-10 May-11 Nov-11 May-12 Nov-12 May-13 Nov-13 May-14 Nov-14 May-15 Nov-15 May-16 Nov-16 May-17 Nov-17 May-18 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 The financial economy The normalization of the financing costs, given the post-crisis monetary cycle (FED and NBR) and the macroeconomic equilibria challenges The resilience of the FDIs The flattening of the yield curve FDIs (12M cumulative) source: NBR 12,000 The sovereign spread (10Y 6M) source: NBR , , , , , Clasificare BT: Economy Uz Intern H Highlights Performance in H Overview of business lines BT Financial Group

9 Banca Transilvania s business development and financial performance in H1 2018

10 capital credit activity profitability H Highlights H H Net interest income RONmn 1, % Net fee and commission income RONmn % Operating expenses RONmn (707.7) (614.2) 15.2% Gross profit before provisions RONmn % Net income RONmn % Cost of risk, net (%) -1.08% 0.37% NIM* 3.53% 3.22% 0.3 pp ROE 19.79% 16.64% 3.2 pp Cost-to-income ratio 49.71% 48.98% 0.7 pp Jun-18 Dec-17 Gross loans to customers RONmn 33, , % Deposits from customers RONmn 50, , % Gross loans-to-deposits ratio 65.84% 64.82% 1.0 pp NPL ratio 2.95% 3.05% -0.1 pp Jun-18 Dec-17 Total equity RONmn 6, , % Tier 1 capital ratio (profit included) 17.92% 18.25% -1.8% Total capital ratio (profit included) 22.41% 19.21% 16.6% *without POCI adjustments 9

11 Business performance H at a glance Total assets at RON 62.9bn Capital adequacy ratio at 22.41% Net fees and commissions at RON 303mn +10.5% Y/Y CoR, net Net profit at RON 663mn Cost/income at 49.71% Balance sheet consolidation More efficient capital structure, supporting organic and non organic growth Increased number of operations and additional crosssell CoR at -1.08%, recoveries and releases are higher than provision expenses Net profit positively influenced by increase in interest income, fees and commissions income and decrease in provisions Operational efficiency closely monitored 10

12 Trends in income structure RONmn +14.2% H H , % % % Net interest income Net fee and commission income Net trading income Operating expenses 11

13 Loan portfolio structure Loans to households, RONbn Loans to companies, RONbn Dec 17 Jun 18 Dec 17 Jun 18 Other Housing Consumption SMEs Large corporates 77% 23% 81% 19% RON FX RON FX *SMEs identified according to internal classification rules 12

14 Deposit structure Deposits from households, RONbn Deposits from companies, RONbn Dec 17 Jun 18 Dec 17 Jun 18 Current accounts Deposits SMEs Large corporates 54% 46% 70% 30% RON FX RON FX *SMEs identified according to internal classification rules 13

15 NPL ratio at 2.95% Banca Transilvania continued to provide a sound coverage ratio for its PAR 90 portfolio 122% 127% 119% 117% 127% 121% 33% 45% 45% 46% 46% 40% 40% 43% 54% 49% 51% 77% 81% 79% 74% 78% 70% H NPL coverage with mortgage collaterals NPL coverage with provisions 14

16 Retail banking retail loan portfolio reached RON 17.4bn as of Jun ,000 non-card retail loans disbursed in H Market share for retail loans at June % mn active cards; BT is the market leader, both in terms of number of cards, as well as volume of transactions generated by its cards, with a market share of more than 20% H Loans transferred from VBRO Retail loans 15

17 SME banking SME loan portfolio at RON 4.8bn and 254,000 active clients Banca Transilvania continued its specific focus on the SME business sector, offering close to 9,500 new loans in H H Loans transferred form VBRO SME loans 16

18 Corporate banking corporate loan portfolio reached RON 11.2bn Sectorial specialization is a main focus BT is present with lending facilities especially in the industrial manufacturing and agribusiness segments H Loans transferred form VBRO Corporate loans 17

19 Banca Transilvania Financial Group as of * Total assets: RON 62.9bn Total assets: RON 9.7bn Total assets: RON 3.7bn Total assets: RON 114mn Total assets: RON 146mn Total assets: RON 892mn Total assets: RON 264mn AuM: RON 3,945mn *Total assets for Bancpost are computed under IFRS; Total assets for Victoriabank are computed under local FINREP standards, at official MDL/RON exchange rate as at ; Total assets for subsidiaries other than banks are presented under RAS rules. 18

20 capital credit activity profitability H Highlights consolidated figures H H Net interest income RONmn 1, % Net fee and commission income RONmn % Operating expenses RONmn (1,088.8) (677.3) 60.8% Gross profit before provisions RONmn 1, % Net profit RONmn % EPS RON % Cost of risk, net (%) -0.44% 0.39% % NIM* 3.83% 3.31% 15.9% ROE 23.21% 16.43% 41.3% Cost-to-income ratio 51.45% 50.47% 2.0% Jun-18 Dec-17 Gross loans to customers RONmn 40, , % Deposits from customers RONmn 61, , % Gross loans-to-deposits ratio 65.36% 65.64% -0.4% Jun-18 Dec-17 Total equity RONmn 7, , % Tier 1 capital ratio (profit included) 15.22% 18.37% -17.1% Total capital ratio (profit included) 18.88% 19.31% -2.2% *without POCI adjustments 19

21 annex I income statement H individual figures IFRS individual, RONmn H H Net interest income 1, % Net fee and commission income % Net trading income % Other net income 2.2 (8.7) Operating income 1, , % Personnel expenses (397.2) (338.2) 17.4% D&A (51.7) (41.2) 25.4% Other operating expenses (258.8) (234.8) 10.2% Operating expenses (707.7) (614.2) 15.2% Cost of risk (57.5) Net income before taxation % Income tax (expense) / revenue (235.1) (86.4) 172.0% Net income after taxation % 20

22 annex II balance sheet H individual figures IFRS individual, RONmn Jun 2018 Dec 2017 Cash & cash equivalents 6, , % Placements with banks 4, , % Loans to customers, net 31, , % T-bills & securities 18, , % Fixed assets % Participations 1, % Current tax assets % Deferred tax assets % Other financial assets % Other assets % Total assets 62, , % Deposits from banks % Deposits customers 50, , % Loans from banks and FIs 1, , % Subordinated loan 1, % Current tax liabilities Provisions for other risks and charges % Other financial liabilities 1, , % Other liabilities % Total liabilities 56, , % Shareholders equity 6, , % 21

23 annex III income statement H consolidated figures IFRS consolidated, RONmn H H Net interest income 1, % Net fee and commission income % Net trading income % Other net income % Operating income 2, , % Personnel expenses (477.2) (359.6) 32.7% D&A (83.1) (57.0) 45.7% Other operating expenses (528.5) (260.6) 102.8% Operating expenses (1,088.8) (677.3) 60.8% Cost of risk 87.9 (59.3) Bargaining gain Net income before taxation 1, % Income tax (expense) / revenue (362.1) (92.6) 291.0% Net income after taxation % 22

24 annex IV balance sheet H consolidated figures IFRS consolidated, RONmn Jun 2018 Dec 2017 Cash & cash equivalents 8, , % Placements with banks 5, , % Loans to customers, net 37, , % T-bills & securities 21, , % Fixed assets % Current tax assets % Deferred tax assets % Other financial assets % Other assets % Total assets 75, , % Deposits from banks % Deposits from customers 61, , % Loans from banks and FIs 1, , % Subordinated loan 1, % Current tax liabilities Provisions for other risks and charges % Other financial liabilities 1, , % Other liabilities % Total liabilities 68, , % Shareholders equity 7, , % Non-controlling interest % Total liabilities and equity 75, , % 23

25 Banca Transilvania HQ 8, G. Baritiu Street, Cluj-Napoca , Romania /FAX investor.relations@btrl.ro # facebook.com/bancatransilvania twitter.com/b_transilvania linkedin.com/company/banca-transilvania Clasificare BT: Uz Intern