Grupo Santander achieved healthy, geographically balanced and sustainable growth. Alfredo Sáenz Second Vice-Chairman and Chief Executive Officer
|
|
- Gerard Logan
- 5 years ago
- Views:
Transcription
1 Grupo Santander achieved healthy, geographically balanced and sustainable growth. Alfredo Sáenz Second Vice-Chairman and Chief Executive Officer
2 Letter from the Chief Executive Officer Grupo Santander took further steps in 2005 to consolidate itself as one of the world's leading retail banks The Group's good results are based on significant growth in the most recurring revenues, strict cost control and excellent credit quality The total return in 2005 on Santander's shares, based on the rise in the share price and the dividend, was 26%, well above the 21% increase in the Spanish stock market. Only global banks with a strong investment banking component outperformed us, and this activity is much more volatile. We generated during 2005 EUR 14,800 million of value for shareholders. Grupo Santander's attributable income was 72.5% higher at EUR 6,220 million. Excluding net extraordinary capital gains, ordinary attributable income was EUR 5,212 million (+44.5%). This figure underscores Santander's strong capacity to generate recurring income and, for the first time, includes Abbey, which contributed EUR 811 million. Excluding Abbey, attributable income increased 22% to EUR 4,401 million. All these figures are the highest in the Group's history. Earnings per share rose 15% to EUR (+37% including capital gains). This growth was lower than that of ordinary attributable income because of the initial impact of dilution from the capital increase for the acquisition of Abbey. Nevertheless, our plan to generate value at Abbey is exceeding our own expectations and we believe the impact of the purchase will begin to be positive in , a good year Grupo Santander took further steps in 2005 to consolidate itself among the world's leading retail banks. The most noteworthy features of the year were business expansion, the growth in ordinary attributable income, Abbey's integration and the strategic measures taken to enhance our future growth. There were three drivers behind ordinary attributable income. First, notable growth in the most recurring revenues, backed by stronger customer business in all countries. Growth was healthy, balanced among the regions and, above all, sustainable as it was based on the strength of our branch networks and on our capacity to innovate. Second, strict cost control, which enabled us to further improve the efficiency of the Group's main units. This improvement allows us to go on investing in developing our business capacity, particularly in Latin America. Third, the Group's excellent credit risk quality. The provisions assigned in 2005 were lower than in 2004 and we continued to improve our nonperforming loans (NPLs) ratio and our coverage. 9
3 As well as these achievements, we developed strategic actions to achieve further gains in efficiency and productivity and open up new sources of growth for the future. Of note among the measures to boost efficiency was the roll-out of the Partenón IT platform in Santander's branch network in Spain. This is a large investment and our challenge now is to take full advantage of the improvement potential provided by this platform in terms of costs and business efficiency. Also of note is the creation of global specialist units for products and deepening the global focus of Wholesale Banking. Furthermore, and as part of our policy of better use of capital, we sold stakes in non-strategic companies in order to invest in strategic businesses such as consumer finance and retail banking. Lastly, we reached an agreement at the end of 2005 to acquire a stake in US bank Sovereign. Continental Europe: revenue growth with flat costs Continental Europe's attributable income was 38% higher at EUR 2,984 million. In Europe, the Group continues to prove the effectiveness of our management model for developed economies: revenue growth with a continuous improvement in efficiency. This area's total net operating income increased 20% and was notable for its consistency and diversification as all the large units registered growth of more than 15% in their net operating income. In Spain, the stronger results of Santander and Banesto were due to an appropriate balance between greater business and efficient management of profitability. Mortgage business and lending to companies, particularly micro firms and SMEs, were very satisfactory. Santander Consumer Finance is already one of the leaders in Europe's structurally attractive market. New loans increased 24% and attributable income was up 46%, due to the twopronged strategy of organic growth and selective acquisitions. Our businesses in Portugal also did well in 2005, despite the weak economic environment. Net operating income rose 16%, due to higher revenues and controlled costs. Attributable income increased 36%. Of note among the other businesses was Banif, whose net operating income grew 47% and attributable income 20%. Abbey: turning a mortgage bank into a full-service retail bank When we acquired Abbey we said our goal was to return it to its appropriate position in the UK banking market because of its size and potential. We set three key objectives for 2005: stabilise recurring revenues, boost productivity and reduce its heavy costs structure. We exceeded all our initial forecasts. This positive performance is underlined by Abbey's contribution to the Group, in its first year, of EUR 1,408 million of net operating income and EUR 811 million of attributable income. Our goals are ambitious and we have drawn up a three-year plan to achieve them. This plan aims to make Abbey the best retail bank in the UK. We have a new business model, we are stepping up our sales capacity and are working on a new IT platform, for the whole Group, which will generate greater cost savings as of We want to expand Abbey's franchise and create a full-service commercial bank, growing cards, consumer and companies businesses strongly. This growth must go hand in hand with significant improvements in efficiency and earnings, and attain, as the plan foresees, a ROE of close to 20%. We are optimistic about achieving in 2007 a return on investment higher than our cost of capital. 10
4 Letter from the Chief Executive Officer Strict cost control improved the efficiency of the Group's main units and enabled us to continue investing in developing our business capacity Latin America: focus on retail business with customers The positive trend of previous years in Latin American economies was confirmed in 2005, when the region's GDP grew by more than 4%. The improvement in the region's macroeconomic situation was due to the implementation over the last few years of orthodox fiscal and monetary policies, which have strengthened public sector finances considerably. Our positioning, unique in the region, is enabling us to strongly expand business with customers and substantially boost the most recurring revenues. Net operating income increased 32% in dollars, the currency used to manage the region, and attributable income was 21% higher at US$2,208 million. We focused in the three main markets for the Group on strengthening recurring business. Business volumes rose notably, and we increased the level of linkage and the number of customers. Lending in Brazil rose 42% and customer funds 24%, pushing up net operating income by 43% and attributable income to US$734 million. Mexico's net operating income rose 24% and Chile's 30%. The gain in market share in Chile is significant and it now stands at more than 20%. Business volumes and earnings were also generally higher in the other countries where we operate. The performance in Colombia and Venezuela was particularly noteworthy and Argentina is gradually recovering. Global areas: taking advantage of latent synergies We are making the wholesale banking businesses we have in each country more globally integrated. Wholesale banking is by its nature a global business and it should be managed as such. We have a great opportunity to generate more business in this area because we are not yet extracting all the value from being an international bank. Revenues increased 9% in 2005, spurred by the improved coverage of our corporate clients through the Global Relationship Model and the greater proportion of customer revenues in the markets area. We also deepened the global focus of Asset Management and Insurance. Among the measures we took were integration of the asset management businesses, the creation of a Global Insurance Unit and extending the activity of Optimal, our specialist in alternative fund management. Total revenues from mutual funds, pension plans and insurance amounted to EUR 3,696 million, 63% more than in These are very relevant revenues, because of their volume and quality, as they are very recurring, produce high returns and have low volatility. 11
5 Lastly, the Global Cards Unit is extending its mono-product business management model, successfully launched in Mexico, to other Latin American and European countries, particularly Spain and the UK, where our position offers us excellent growth opportunities. Opportunities for improvement Even though 2005 was a very good year, there is inevitably room for improvements. In my view we must go further in 2006 and: Step up the bank's global integration in a flat world without frontiers. Unless we do this we will not be able to take advantage of all the revenue opportunities and economies of scale in the increasingly globalised market. We have been extending the areas we manage globally, which is basic to wholesale banking, asset management and consumer finance, to include other businesses (cards, insurance, etc.) and to the various support areas such as technology and operations, creating corporate factories that specialise in products. Be more efficient. We have improved the Group's efficiency ratio over the last few years. However, we still have ample leeway to improve in those areas of the Group where we have been investing in business capacity, and where we should now begin to improve costs. Enhance customer service quality, particularly in the most mature markets. In an increasingly competitive environment we have to make customers the mainstay of the business. Growth drivers The global economy grew briskly in We began the year 2006 with the main economies aligned in strong or improving growth. The outlook for banking is positive. We must not forget, however, that the global economy has been growing for almost 10 consecutive years and structural cuts in interest rates have enabled lending and retail and wholesale banking businesses to grow strongly. There are also potential risks stemming from well-known imbalances in the global economy. Cycles are an inherent part of the economy and we must be ready for changing macroeconomic scenarios. We are preparing to increase business in a structural way and not through the market's cyclical growth. I believe Santander is an excellent investment for the future because we have seven levers that will give us structural growth opportunities over the next five years: 1) In mature markets, where we expect constant growth in competition, only the most efficient banks will be able to grow on a sustained basis. Our policy of revenue growth with flat costs, supported by our technological advantage, should give us economies of scale and improvements in efficiency. 2) Globalisation provides a big opportunity in emerging markets. Grupo Santander has a strong presence in these markets through its very solid position in Latin America, which should enable the Group to grow structurally. 3) Abbey is another opportunity for growth. We can generate more income by substantially improving efficiency in business and costs, using the same IT platform as in Spain. This will extend the period of efficiency improvements in the medium term. 4) The Americanisation of the global consumer is structural. Low interest rates have put consumer finance on a path of solid expansion. Santander Consumer Finance is the European leader and we will continue to strengthen this area. 5) Develop Global Wholesale Banking on the basis of predominantly local corporate banks. This will give us economies of scale in product knowhow and costs, and a more effective relationship with large corporate clients. 6) An opportunity to obtain global synergies. The greater integration of support areas will produce synergies in corporate costs. We must also progress further in the integration and global vision of the various business models in order to boost productivity and efficiency. 7) Reassign capital from non-strategic areas to key areas of the bank such as consumer and retail banking, both organically and inorganically, and exercise strong discipline in capital. 12
6 Letter from the Chief Executive Officer We will focus in 2006 on accelerating global integration, improving service quality and efficiency These seven levers are avenues for structural growth in the Group's income which are rarely subject to the ups and downs of economic cycles. We believe they constitute our advantage over other banks and will be reflected in recurring and sustained growth in earnings per share in the medium term. Outlook and priorities in 2006 The Group's management in 2006 will focus on capitalising and increasing our options for generating recurring revenues and improving operational efficiency. This will be done by continuing to invest in technology and by improving and expanding our branch networks, always making control of costs and credit quality basic priorities of management. In Europe we are striving to increase business productivity. The full availability of the Partenón IT platform in Spain, which is being rolled out in Portugal, the UK and Santander Consumer Finance, will help to achieve this. The Santander branch network will concentrate on attracting individual customers and increasing their linkage, backed by the launch of the We want to be your bank plan. Abbey's transformation of business will produce stronger activity and revenues and further cost savings. In Latin America we will capitalise on the investments made in recent years to expand retail business. Our consumer banking business will continue to grow at a fast pace, driven by the greater penetration and critical mass achieved in some countries after the latest acquisitions. Lastly, we are going to develop selective wholesale business more strongly in the markets where we operate. To strengthen all businesses, the Group reviews its business plan (currently the I06-I08 Plan) every year. We want to ensure future growth by examining the challenges and opportunities of each business and market. This means continuously reviewing projects and activities in search of new business options and gains in productivity. To achieve these ambitious goals, Santander has an excellent team of professionals with the best capacity and motivation, and which is continually being improved and renewed. We are confident 2006 will be another excellent year for Santander, enabling us to continue to increase shareholder value. All of us in the Group will devote our efforts to ensuring that it is. Alfredo Sáenz Second Vice-Chairman and CEO 13
Grupo Santander carried out its business in 2017 in a more favourable environment, one of the most positive in recent years.
Message from José Antonio Álvarez Grupo Santander carried out its business in 2017 in a more favourable environment, one of the most positive in recent years. The global economy and, in particular, the
More informationJANUARY-SEPTEMBER 2012 RESULTS
Press Release JANUARY-SEPTEMBER 2012 RESULTS Santander registered attributable net profit of EUR 1.804 billion (-66%), after covering 90% of real estate provisions required by the latest Spanish regulations
More informationFIRST HALF 2012 RESULTS
Press Release FIRST HALF 2012 RESULTS Santander registered attributable net profit of EUR 1.704 billion (-51%), after covering 70% of real estate provisions required by the latest Spanish regulations Pre-provision
More informationEmilio Botín: We are prepared to make the most of all the opportunities for growth within our reach
Press Release Banco Santander s Annual General Meeting Emilio Botín: We are prepared to make the most of all the opportunities for growth within our reach Last year s results once more demonstrate Banco
More informationImportant information
26 April 2012 1 Important information 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in various places
More informationBanco Santander attributable profit rose 22% to EUR billion in the first quarter of 2008
Press Release Banco Santander attributable profit rose 22% to EUR 2.206 billion in the first quarter of 2008 The efficiency ratio stood at 41.9%, an improvement of 4.4 percentage points from a year earlier
More informationFinancial Report. January - September
2010 January - September Contents 3 www.santander.com Key consolidated data 5 Highlights of the period 6 Consolidated financial report 8 Income statement 9 Balance sheet 13 Risk management 19 The Santander
More informationSantander s profit rose 77% to EUR 3,310 million in the first nine months
Press Release Santander s profit rose 77% to EUR 3,310 million in the first nine months BUSINESS Deposits rose 5% to EUR 633,433 million, while loans fell 2%, to EUR 686,821 million In emerging markets,
More informationResults: BBVA earned 2.64 billion (+0.9%); excluding corporate operations, net income was 3.75 billion, up 43.3%
January December 2015 Results: BBVA earned 2.64 billion (+0.9%); excluding corporate operations, net income was 3.75 billion, up 43.3% Record income: Gross income for the full year and for the fourth quarter
More informationBanco Santander s profit rose 90% to EUR billion in 2013
Press Release Banco Santander s profit rose 90% to EUR 4.370 billion in 2013 BUSINESS. Deposits were stable at EUR 607,836 million, while mutual funds grew by 14% to EUR 93,304 million. Loans decreased
More informationEconomic and financial review
4 Economic and financial review 102 Consolidated financial report 102 2014 summary of Grupo Santander 104 Grupo Santander results 110 Grupo Santander balance sheet 120 Main segments and geographic areas
More informationMerrill Lynch. Banking & Insurance CEO Conference 2007 BBVA
Merrill Lynch Banking & Insurance CEO Conference 2007 BBVA London, 4 th October 2007 Disclaimer This document is only provided for information purposes and does not constitute, nor must it be interpreted
More informationResults: BBVA comparable profit rises 20% in 2017 to 4.64 billion
Press release 02.01.2018 January December 2017 Results: BBVA comparable profit rises 20% in 2017 to 4.64 billion Transformation: More than half of BBVA customers in Turkey, Spain, USA, Argentina, Chile
More informationFINANCIAL REPORT ENERO - SEPTIEMBRE
2014January - June FINANCIAL REPORT ENERO - SEPTIEMBRE FINANCIAL REPORT 3 Key consolidated data 4 Highlights of the period 6 General background 7 Consolidated financial report 7 Income statement 11 Balance
More informationFinancial perspective Latin America Investor Day 2006
Financial perspective Latin America Investor Day 2006 Boadilla, November 21st, 2006 Important information 2 Santander cautions that this presentation contains forward looking statements within the meaning
More informationSantander s profit rose 77% to EUR 3,310 million in the first nine months
Press Release Santander s profit rose 77% to EUR 3,310 million in the first nine months BUSINESS Deposits rose 5% to EUR 633,433 million, while loans fell 2%, to EUR 686,821 million In emerging markets,
More information4 Economic and financial review 98 Consolidated financial report 98 2016 summary of Santander Group 100 Santander Group results 106 Santander Group balance sheet 111 Santander Group s shareholders equity
More informationFINANCIAL REPORT ENERO - SEPTIEMBRE
2014January - March FINANCIAL REPORT ENERO - SEPTIEMBRE FINANCIAL REPORT 3 Key consolidated data 4 Highlights of the period 6 General background 7 Consolidated financial report 7 Income statement 11 Balance
More informationBanco Santander made a profit of EUR billion, 8% more than a year earlier
Press Release FIRST QUARTER RESULTS 2014 Banco Santander made a profit of EUR 1.303 billion, 8% more than a year earlier Compared with the previous quarter, profits rose 23% and revenues increased 1%,
More informationA GEOGRAPHICALLY WELL DIVERSIFIED BANK
A GEOGRAPHICALLY WELL DIVERSIFIED BANK ATTRIBUTABLE PROFIT* BY GEOGRAPHIC AREAS LATIN AMERICA: 32% Brazil: 11% Mexico: 8% Chile: 7% UK (ABBEY): 15% * Excluding extraordinary capital gains CONTINENTAL EUROPE:
More informationAbbey reports further evidence of return to growth
Abbey reports further evidence of return to growth London, 27 July 2006 This statement provides a summary of the business and financial trends for the six months to 30 June 2006. The trading 1 results
More informationPRESS RELEASE. Santander Q1 profit reaches EUR billion, 5% less year-on-year and up 8% excluding FX impact RESULTS JANUARY-MARCH 2016
RESULTS JANUARY-MARCH 2016 Santander Q1 profit reaches EUR 1.633 billion, 5% less year-on-year and up 8% excluding FX impact Our Q1 results are ahead of plan and we continue to deliver on all our commitments.
More informationImportant information
April 2012 1 Important information 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in various places
More informationBBVA obtains 4.2 billion in net attributable profit and boosts core capital to 8%
Results for the third quarter 2009 BBVA obtains 4.2 billion in net attributable profit and boosts core capital to 8% Strong results have helped BBVA generate 110 basis points of core capital since January
More informationFinancial report January February March April May June July August September October November December
Financial report 2012 January February March April May June July August September October November December INFORME FINANCIERO 2011 2 JANUARY - MARCH / FINANCIAL REPORT 2012 CONTENTS KEY CONSOLIDATED DATA
More informationPRESS RELEASE. Banco Santander made a profit EUR billion, 32% more than a year earlier FIRST QUARTER 2015 RESULTS
PRESS RELEASE FIRST QUARTER 2015 RESULTS Banco Santander made a profit EUR 1.717 billion, 32% more than a year earlier Santander's strong increase in lending reflects our commitment to helping our customers
More information» Business information by geography. FINANCIAL REPORT January - March We want to help people and businesses prosper
» Business information by geography FINANCIAL REPORT January - March 2017 We want to help people and businesses prosper FINANCIAL REPORT 2017 January - March 2017 Financial report 3 Key consolidated data
More informationBBVA reports net profit of 3.67 billion with market share gains in all franchises
10.27.2010 Results for the first nine months of 2010 BBVA reports net profit of 3.67 billion with market share gains in all franchises Recurrence of earnings: gross income for the first nine months grew
More informationQ U A R T E R L Y R E P O R T Results 2003
QUARTERLY REPORT Results 2003 QUARTERLY REPORT Results 2003 Contents 2 BBVA Group Highlights 3 BBVA Group in 2003 8 Income statement 15 Balance sheet and activity 20 Capital base 21 The BBVA share 22 Business
More informationAna Botín: The board intends to increase the dividend per share by 5% for 2016 PRESS RELEASE
PRESS RELEASE 2016 ANNUAL GENERAL MEETING Ana Botín: The board intends to increase the dividend per share by 5% for 2016 The total dividend would be EUR 21 cents per share, of which 16.5 would be paid
More informationBBVA generates operating income of 9 billion in the first nine months
Results January September 2012 BBVA generates operating income of 9 billion in the first nine months Rising revenues: net interest income in the nine months to September rose 16% to 11.22 billion and gross
More informationSantander attributable profit for 2017 reaches 6,619 million up 7%
Santander attributable profit for 2017 reaches 6,619 million up 7% Underlying profit before tax for 2017 increased by 20% to 13,550 million Madrid, 31 January 2018 PRESS RELEASE In the fourth quarter the
More informationBBVA earns 4.32 billion in the first nine months
Press release 10.30.2018 January-September 2018 BBVA earns 4.32 billion in the first nine months Transformation: Digital and mobile customers as well as digital sales continued to grow across all geographies,
More informationEconomic and financial review
78 Economic and financial review 80 99 100 136 Consolidated financial report Information by segments 1. Principal segments or geographic areas 2. Secondary segments or by business 79 Economic and financial
More informationLeading the New Financial System
Leading the New Financial System Banking & Insurance CEO Conference Ángel Cano President & COO London, 28th September 2010 1 Disclaimer This document is only provided for information purposes and does
More informationVicente Rodero General Manager South America. Management and Growth
Vicente Rodero General Manager South America Management and Growth Disclaimer This document is only provided for information purposes and does not constitute, nor must it be interpreted as, an offer to
More informationResults: BBVA earns 2.31 billion in first half (+25.9%)
Press release 07.27.2017 January-June 2017 Results: BBVA earns 2.31 billion in first half (+25.9%) Income: Net interest income reached a seven-quarter high in Q2. In the year to June, this item, plus fees
More informationFinancial report January February March April May June July August September October November December
Financial report 2012 January February March April May June July August September October November December INFORME FINANCIERO 2011 2 JANUARY - JUNE / FINANCIAL REPORT 2012 CONTENTS KEY CONSOLIDATED DATA
More informationSantander Group Annual Report The Santander Group in 2003
10 Santander Group The Santander Group in 2003 Santander Group 11 The Santander Group in 2003 Our activity 12 Our businesses 14 Our geographical presence 16 Our brand 18 Vertical Torus, 2003 Richard Serra
More informationAbbey reports continued growth
Abbey reports continued growth London, 26 October 2006 This statement provides a summary of the business and financial trends for the three months to 30 September 2006. Unless otherwise stated, the trading
More informationCIBC World Markets Frontenac Institutional Investor Conference September 18, Mr. Richard E. Waugh President, Scotiabank
CIBC World Markets Frontenac Institutional Investor Conference September 18, 2003 Mr. Richard E. Waugh President, Scotiabank Note that accompanying slides can be found in the Investment Community Presentations
More informationFINANCIAL REPORT JANUARY - SEPTEMBER
2011 FINANCIAL REPORT JANUARY - SEPTEMBER FINANCIAL REPORT 2011 2 JANUARY - SEPTEMBER FINANCIAL REPORT 2011 CONTENTS www.santander.com KEY CONSOLIDATED DATA 5 HIGHLIGHTS OF THE PERIOD 6 CONSOLIDATED FINANCIAL
More informationBBVA posts net profit of 2.23 billion, up 33% in 2013
Results for the full year BBVA posts net profit of 2.23 billion, up 33% in 2013 Earnings: the strength and recurrence of BBVA revenues were once again evident. Gross income exceeded 21 billion for the
More informationChapter 2. Environment. We know. Knowing Our. Environment. Allows Us to Successfully Advance Our Strategy. Our Operational
Germán Salazar Castro, International and Treasury Vice-president and work team Our Operational Environment Knowing Our Environment Allows Us to Successfully Advance Our Strategy Chapter 2 We know Our Operational
More informationSantander attributable profit for 2018 reaches 7,810 million - up 18%
Santander attributable profit for 2018 reaches 7,810 million - up 18% In the fourth quarter alone, attributable profit was up 34% to 2,068 million, compared to Q4 2017 The Group has achieved its target
More informationQ U A R T E R L Y R E P O R T January-March 2003
QUARTERLY REPORT January-March 2003 QUARTERLY REPORT January-March 2003 Contents 2 BBVA Group Highlights 3 BBVA Group in the first quarter of 2003 8 Income statement 15 Balance sheet and activity 20 Capital
More informationFinancial report January February March April May June July August September October November December
Financial report 2012 January February March April May June July August September October November December INFORME FINANCIERO 2011 2 JANUARY - SEPTEMBER / FINANCIAL REPORT 2012 CONTENTS KEY CONSOLIDATED
More information2Q Q U A R T E R L Y R E P O R T January-June 2Q 2008
Q U A R T E R L Y R E P O R T January- 2Q08 Q U A R T E R L Y R E P O R T January- 2Q08 2 BBVA GROUP HIGHLIGHTS 3 GROUP INFORMATION 3 Relevant events 6 Earnings 13 Business activity 18 Capital base 20
More informationSpeech of PRISA s CEO Fernando Abril-Martorell, General Shareholders Meeting
Speech of PRISA s CEO Fernando Abril-Martorell, General Shareholders Meeting Madrid, June, 22th 2013 Good morning ladies and gentlemen shareholders, In my speech I will refer in first place to the most
More informationSOLVING EFESO INTERNATIONAL
Financial information Paris, 26 March 2014 SOLVING EFESO INTERNATIONAL 2013 financial results 1 Profit from recurring operations: up 18% to 5.8 million Net profit: up 17% to 3.6 million Group share of
More informationCaixaBank aspires to stand as a European benchmark in terms of profitability and socially responsible banking under its new Strategic Plan
CaixaBank aspires to stand as a European benchmark in terms of profitability and socially responsible banking under its new 2019-2021 Strategic Plan During his speech to shareholders, CaixaBank Chairman
More informationFirst Half Results Madrid, 26th July 2006
First Half Results 2006 Madrid, 26th July 2006 Disclaimer This document is only provided for information purposes and does not constitute, nor must it be interpreted as, an offer to sell or exchange or
More informationAna Botín: The Board s intention is to increase the total dividend per share by 5% again in 2017
Ana Botín: The Board s intention is to increase the total dividend per share by 5% again in 2017 Dividend would total EUR 22 cents, paid in three cash dividends valued at 6 cents per share each, and one
More informationBusiness Line Overview. Domestic Banking. International Banking. Scotia Capital. Other BUSINESS LINES
BUSINESS LINES Business Line Overview Net income available to common shareholders ($ millions) Domestic Banking Domestic Banking had a strong year in 2005, with net income available to common shareholders
More informationBBVA earns 2.65 billion in first half of the year (+15 percent YoY)
Press release 07.27.2018 January-June 2018 BBVA earns 2.65 billion in first half of the year (+15 percent YoY) Transformation: At the end of June, BBVA s digital customer base stood at 25.1 million (+26
More informationBusiness held up well in first-half 2009
Paris - 27 August 2009 Business held up well in first-half 2009 Organic growth of 1.3%, excluding petrol and the calendar effect EBITDA margin almost stable on an organic basis Resilience of the convenience
More informationFinancial Report JANUARY - MARCH. #SimplePersonalFair
Financial Report 2018 JANUARY - MARCH #SimplePersonalFair January - March 2018 FINANCIAL REPORT 3 Key consolidated data 4 Santander aim 6 Group performance 9 General background 10 Income statement and
More informationTime to return to fundamentals
Time to return to fundamentals Manuel González Cid, CFO Morgan Stanley, European Financial Conference March 28 th, 202 Disclaimer This document is only provided for information purposes and does not constitute,
More informationSantander: New strategy focused on profitability and growth. José Luis de Mora Global Head of Financial Planning and Corporate of Development
Santander: New strategy focused on profitability and growth José Luis de Mora Global Head of Financial Planning and Corporate of Development Rome, 17th June 2015 2 I. A new banking framework deserves a
More informationContents QUARTERLY REPORT January-June BBVA GROUP HIGHLIGHTS 2
Contents QUARTERLY REPORT 2010 January-June BBVA GROUP HIGHLIGHTS 2 GROUP INFORMATION 3 Relevant events 3 Earnings 7 Business activity 15 Capital base 20 The BBVA share 22 RISK AND ECONOMIC CAPITAL MANAGEMENT
More informationQ1'18 Earnings Presentation
24 April 2018 Q1'18 Earnings Presentation Here to help you prosper Important Information Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking
More informationPPG Industries, Inc. Second 2016 Financial Results Earnings Brief July 21, 2016
PPG Industries, Inc. Second 2016 Financial Results Earnings Brief July 21, 2016 Second Quarter 2016 Financial Highlights PPG net sales for the second quarter 2016 were $4.1 billion, down less than one
More informationStrength in turbulent times
European Financials Conference Strength in turbulent times Ángel Cano President & COO Madrid, June 11th 2010 1 Disclaimer This document is only provided for information purposes and does not constitute,
More informationCorporate governance. Banco Santander s corporate governance model
16 Corporate governance Solid and transparent corporate governance, aligned with the interests of shareholders, has played a key role in Banco Santander successfully overcoming the global crisis Banco
More informationMAPFRE POSTS REVENUES OF BILLION EUROS FOR 2017, UP 3.3 PERCENT, WITH EARNINGS TOPPING 700 MILLION EUROS HIGHLIGHTS OF THE YEAR
MAPFRE POSTS REVENUES OF 27.98 BILLION EUROS FOR 2017, UP 3.3 PERCENT, WITH EARNINGS TOPPING 700 MILLION EUROS HIGHLIGHTS OF THE YEAR Premiums exceed 23.4 billion euros, an increase of 2.9 percent. The
More information» Business information by geographic area. FINANCIAL REPORT January - June We want to help people and businesses prosper
» Business information by geographic area FINANCIAL REPORT January - June 2017 We want to help people and businesses prosper FINANCIAL REPORT 2017 January - June 2017 Financial report 3 Key consolidated
More informationManaging a bank in a dual World: a contrarian view
Managing a bank in a dual World: a contrarian view September 2012 José Antonio Álvarez CFO Santander Group 2 1 Outlook for the banking industry: A DUAL WORLD 2 Santander: We can create value both in emerging
More informationCLSA Investors Forum September Mrs Margaret Leung Vice-Chairman and Chief Executive Hang Seng Bank
CLSA Investors Forum 2011 21 September 2011 Mrs Margaret Leung Vice-Chairman and Chief Executive Hang Seng Bank Good afternoon, ladies and gentlemen. I am delighted to have the opportunity to speak with
More informationGRUPO IBERCAJA ACHIEVES A NET PROFIT OF 356 MILLION IN 3Q 2014.
GRUPO IBERCAJA ACHIEVES A NET PROFIT OF 356 MILLION IN 3Q 2014. The banking operating profit rises nearly 9% y/y Retail customer funds increase by 4.74%. Remarkable behavior of offbalance retail funds,
More informationSantander attributable profit up 4% in the first half of 2018 to 3,752 million, after 300 million integration charge
Santander attributable profit up 4% in the first half of 2018 to 3,752 million, after 300 million integration charge Excluding the 300 million charge, underlying profit increased by 25% in constant euros,
More informationSantander Group Strategy. Ana Botin, Group Executive Chairman Boadilla del Monte, 3 rd February 2015
Santander Group Strategy Ana Botin, Group Executive Chairman Boadilla del Monte, 3 rd February 2015 Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking
More informationBBVA strong franchise value and earnings power
BBVA strong franchise value and earnings power Carlos Torres, Head of Strategy and Corporate Development Cheuvreux, Pan Euro Forum May 22 nd, 2012 1 Disclaimer This document is only provided for information
More informationStrong performance in a challenging environment
Investor Relations News February 20, 2014 Henkel delivers on 2013 financial targets Strong performance in a challenging environment Solid organic sales growth of 3.5% Sales impacted by foreign exchange
More information30 January Chile Earnings Presentation
30 January 2019 Chile 2018 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Chile caution that this presentation contains statements that constitute forward-looking
More informationBOC Hong Kong ( Holdings ) delivered solid results with profit attributable to the equity holders of HK$11.2 billion
29 Aug 2013 BOC Hong Kong ( Holdings ) delivered solid results with profit attributable to the equity holders of HK$11.2 billion BOC Hong Kong ( Holdings ) Limited 2013 Interim Results Financial Highlights
More information5. Bulgarian National Bank Forecast of Key
5. Bulgarian National Bank Forecast of Key Macroeconomic Indicators for 2018 2020 The BNB forecast of key macroeconomic indicators is based on data published as of 15 June 2018. ECB, EC and IMF assumptions
More informationSantander attributable profit up 10% year-on-year in Q to 2,054 million
Santander attributable profit up 10% year-on-year in Q1 2018 to 2,054 million The Group achieved a Return on Tangible Equity (RoTE) of 12.4% with its CET1 capital ratio reaching 11% Madrid, 24 April 2018
More informationAn Inflexion Point in the Company 1H 2015 RESULTS PRESENTATION. Madrid, 22 nd July 2015
An Inflexion Point in the Company 1H 2015 RESULTS PRESENTATION Madrid, 22 nd July 2015 Disclaimer In addition to figures prepared in accordance with IFRS, PRISA presents non-gaap financial performance
More informationBBVA posts highest quarterly profit in three years: 1.34 billion (+12 percent YoY)
Press release 04.27.2018 January - March 2018 BBVA posts highest quarterly profit in three years: 1.34 billion (+12 percent YoY) Transformation: Digital sales grew in all regions and accounted for 37 percent
More informationRisk Management Corporate Governance
Risk Management Corporate Governance World Bank/IFC Financial and Private Sector Development Forum Washington DC, April 25, 2007 Summary 1. SANTANDER. Who are we? 2. Risk Management in Santander 3. Risk
More informationFY 2011 Results. February 28th, 2012
FY 2011 Results February 28th, 2012 Disclaimer In addition to figures prepared in accordance with IFRS, PRISA presents non-gaap financial performance measures, e.g., EBITDA, EBITDA margin, adjusted EBITDA,
More informationBank Millennium Medium Term Strategy for Warsaw, October 29, 2012
Bank Millennium 1 Half 2011 results Bank Millennium Medium Term Strategy for 2013-2015 Warsaw, October 29, 2012 Disclaimer This presentation (the Presentation ) has been prepared by Bank Millennium S.A.
More informationVTB Group Quality Growth Strategy Highlights
VTB Group 2014 Quality Growth Strategy Highlights Yulia Chupina / Deputy President and Chairman of VTB Bank Management Board Herbert Moos / Deputy President and Chairman of VTB Bank Management Board April
More informationAnother record year for Edenred as its transformation picks up pace thanks to the Fast Forward strategy
Press release February 20, 2018 2017 ANNUAL RESULTS Another record year for Edenred as its transformation picks up pace thanks to the Fast Forward strategy Edenred has published record annual results for
More informationOverview of the Strategic Plan
Overview of the Strategic Plan 2018-2020 Leopoldo Alvear CFO 1 Disclaimer This document was originally prepared in Spanish. The English version published here is for information purposes only. In the event
More informationMarch HSBC Mexico update
March 2018 HSBC Mexico update Nuno A. Matos CEO HSBC Mexico Important notice and forward-looking statements The information set out in this presentation and subsequent discussion do not constitute a public
More informationCorporate Presentation Investor Relations September 2012
Corporate Presentation Investor Relations September 2012 Chilean Economy and Financial System Why invest in Chile? A low risk, open and diversified economy 3 Chile is the highest rated country in Latin
More informationLisa Kwasnowski
Rating Report Banco Santander SA Ratings Lisa Kwasnowski +1 212 86 3228 lkwasnowski@dbrs.com Roger Lister +1 212 86 3231 rlister@dbrs.com Issuer Debt Rating Rating Action Trend Banco Santander SA Senior
More informationBOC Hong Kong (Holdings) Limited 2012 Interim Results Financial Highlights
23 Aug 2012 BOC Hong Kong (Holdings) s profit attributable to the equity holders reached HK$11.2 billion New interim highs for income and core profit on strong financial positions BOC Hong Kong (Holdings)
More informationHalf Year Report 2016
Half Year Report 2016 Report for the six months to June 30, 2016 About Zurich Zurich is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees,
More informationStrengths and Opportunities
Strengths and Opportunities Manuel González Cid, CFO BoAML 17 th Annual Banking & Insurance CEO Conference September 26 th, 2012 1 Disclaimer This document is only provided for information purposes and
More information2008 Results Madrid, 28th January 2009
2008 Results Madrid, 28th January 2009 Contents Group results for 2008 Results by business area Spain & Portugal Wholesale Banking & Asset Management Mexico USA South America Conclusions 2 In a highly
More informationBBVA earns 3.08 billion in the first nine months, 85.8% more than a year earlier
Results January-September 2013 BBVA earns 3.08 billion in the first nine months, 85.8% more than a year earlier Results: Earnings remain strong despite the complex environment, thanks to BBVA s diversified
More information31 October Mexico. 9M'18 Earnings Presentation
31 October 2018 Mexico 9M'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the
More informationA Santander branch in Spain. Profitable, loyalty-based growth
Results by countries and businesses Spain * Banco Santander became the leading bank in Spain following the acquisition of Banco Popular. Santander Spain s ty-centred strategy is producing good results
More informationLloyds TSB Group plc Results
Lloyds TSB Group plc 2004 Results PRESENTATION OF RESULTS In order to provide a clearer representation of the underlying performance of the Group, the results of the Group s life and pensions and general
More informationHow the emerging markets slowdown will impact listed Spanish companies
How the emerging markets slowdown will impact listed Spanish companies Nereida González, Pablo Guijarro and Diego Mendoza 1 Despite the favourable impact of recent international expansion by Spanish companies,
More informationFourth-quarter and full-year 2017 RESULTS MARCH,
Fourth-quarter and full-year 2017 RESULTS MARCH, 15 2018 DISCLAIMERS This presentation contains forward-looking statements. Such statements are not statements of historical fact, and reflect the beliefs
More informationAUDITORS REPORT AND ANNUAL CONSOLIDATED ACCOUNTS 2015 Consolidated Directors Report. Consolidated Directors Report
Consolidated Directors Report 229 Banco Santander, S.A. and Companies composing Santander Group for 2015 This report has been prepared following the recommendations given in the guide for the preparation
More informationLloyds TSB Group plc. Results for half-year to 30 June 2005
Lloyds TSB Group plc Results for half-year to 30 June 2005 PRESENTATION OF RESULTS Up to 31 December 2004 the Group prepared its financial statements in accordance with UK Generally Accepted Accounting
More information