DISCLOSURE OF FINANCIAL INFORMATION

Transcription

1 DISCLOSURE OF FINANCIAL INFORMATION 06 / 2017

2 TABLE OF CONTENT First half of 2017 unaudited accounts 06/2017 AMCM's guidelines dated 16/11/2012 (Circular no. 026/B/2012-DSB/AMCM) Balance sheet Profit and loss Account List of the 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 26 Geographic distribution of exposures 27 Industry distribution of exposures 28 Maturity analysis on assets and liabilities 29 Analysis on past due assets 30 Marketing risk Interest rate risk in the banking book Foreign exchange risk Liquidity risk

3 BALANCE SHEET

4 BALANCE SHEET BALANCE SHEET AS OF JUNE 30, 2017 MOP ASSETS GROSS ASSETS PROVISIONS, AMORTIZATIONS AND NET VALUE NET ASSETS CASH 1,822,759, ,822,759, DEPOSITS WITH AMCM 469,867, ,867, CERTIFICATES OF INDEBTEDNESS ISSUED BY THE MACAU GOVERNMENT 7,941,449, ,941,449, ACCOUNTS RECEIVABLE 161,091, ,091, DEMAND DEPOSITS WITH OTHER CREDIT INSTITUTIONS IN MACAU 271,359, ,359, DEMAND DEPOSITS WITH OTHER CREDIT INSTITUTIONS ABROAD 1,270,615, ,270,615, GOLD AND SILVER OTHER CURRENT ASSETS 2,306, ,306, CREDIT GRANTED 25,861,910, ,715, ,769,195, PLACEMENTS WITH CREDIT INSTITUTIONS IN MACAU 9,029,273, ,029,273, DEPOSITS AT CALL AND TIME DEPOSITS WITH CREDIT INSTITUTIONS ABROAD 13,791,944, ,791,944, SHARES, BONDS AND EQUITY 4,060,226, ,060,226, INVESTMENT OF ASSIGNED FUNDS DEBTORS 170,426, ,426, OTHER PLACEMENTS FINANCIAL INVESTMENTS 8,942, ,942, PROPERTY 1,842,567, ,890, ,741,677, EQUIPMENT 140,976, ,795, ,181, DEFERRED COST 82,525, ,732, ,792, START-UP EXPENDITURE FIXED ASSETS IN PROGRESS 21,781, ,781, OTHER FIXED ASSETS 1,833, ,833, INTERNAL AND ADJUSTMENT ACCOUNTS 383,077, ,077, TOTAL 67,334,936, ,133, ,961,802,978.98

5 BALANCE SHEET BALANCE SHEET AS OF JUNE 30, 2017 MOP LIABILITIES SUB-TOTAL TOTAL BANK NOTES IN CIRCULATION 7,856,522, CURRENT DEPOSITS 17,326,941, DEPOSITS AT CALL TIME DEPOSITS 9,186,828, ,513,770, GOVERNMENT DEPOSITS 20,174,233, AMOUNTS DUE TO CREDIT INSTITUTIONS IN MACAU 448,587, AMOUNTS DUE TO OTHER LOCAL ENTITIES AMOUNTS DUE TO CREDIT INSTITUTIONS ABROAD 4,278,068, ASSIGNED FUNDS CHEQUES AND ORDERS PAYABLE 1,798, CREDITORS 121,686, OTHER LIABILITIES 177,667, ,202,041, INTERNAL AND ADJUSTMENT ACCOUNTS ,766, PROVISIONS FOR RISKS ,561, CAPITAL 2,000,000, OTHER RESERVES 4,263,891, ,263,891, NET PROFIT BROUGHT FORWARD 0.00 NET PROFIT FOR THE PERIOD 279,250, TOTAL 66,961,802,978.98

6 PROFIT AND LOSS ACCOUNT

7 PROFIT AND LOSS ACCOUNT PROFIT AND LOSS ACCOUNT AS OF JUNE 30, 2017 OPERATING ACCOUNT DEBIT AMOUNT COST OF CREDIT OPERATIONS 247,383, REMUNERATION OF BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE PERSONNEL COSTS 106,472, ,069, SALARIES AND WAGES 88,543, BENEFITS 13,134, OTHERS 726, THIRD PARTY SUPPLY 4,481, THIRD PARTY SERVICES 45,530, OTHER BANKING COSTS 99,551, TAXATION 779, COSTS OF NON-BANKING OPERATIONS 2,653, DEPRECIATION ALLOWANCES 26,073, PROVISION ALLOWANCES 22,613, OPERATING PROFIT 305,346, TOTAL 860,885, CREDIT AMOUNT INCOME FROM CREDIT OPERATIONS 637,019, INCOME FROM BANKING SERVICES 170,250, INCOME FROM OTHER BANKING SERVICES 32,747, INCOME FROM SECURITIES AND EQUITY INVESTMENTS 5,020, OTHER BANKING INCOME 12,179, INCOME FROM NON-BANKING OPERATIONS 3,668, OPERATING LOSS 0.00 TOTAL 860,885,800.30

8 PROFIT AND LOSS ACCOUNT PROFIT AND LOSS ACCOUNT AS OF JUNE 30, 2017 DEBIT MOP AMOUNT OPERATING LOSS 0.00 LOSSES RELATED TO PREVIOUS YEARS 2,653, EXCEPTIONAL LOSSES 0.00 PROFIT TAX PROVISION 40,674, PROFIT FOR THE PERIOD 279,250, TOTAL: 322,578, CREDIT MOP AMOUNT OPERATING PROFIT 305,346, PROFIT RELATED TO PREVIOUS YEARS 14,577, EXCEPTIONAL PROFITS 0.00 PROVISIONS USED UP 0.00 LOSS FOR THE PERIOD 2,653, TOTAL: 322,578,127.43

9 LIST OF THE SHAREHOLDERS WITH QUALIFYING HOLDINGS

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

11 NAME OF THE MEMBERS OF THE COMPANY S BOARD

12 NAME OF THE MEMBERS OF THE COMPANY S BOARD BOARD OF THE GENERAL MEETING BOARD OF DIRECTORS EXECUTIVE COMMITEE Chairman: Joaquim Jorge Perestrelo Neto Valente Vice - Chairman: Liu Chak Wan Chairman: Caixa Geral De Depositos,S.A., represented by José João Guilherme from 31 March 2017 Vice - Chairman: Pedro Manuel de Oliveira Cardoso President: Pedro Manuel de Oliveira Cardoso Members: Leandro Rodrigues da Graça Silva Tou Kei San from 31 March 2017 Secretary: Pedro Afonso Correia Branco from31 March 2017 Members: Leandro Rodrigues da Graça Silva Alberto Manuel Sarmento Azevedo Soares Armando Mata dos Santos Tse See Fan Paul Tou Kei San from 31 March 2017 Sole Supervisor: CSC & Associados Sociedade de Auditores represented by auditor, Chui Sai Cheong

13 CASH FLOW STATEMENT

14 OPERATING ACTIVITIES CASH FLOW STATEMENT MOP Profit before taxation 319,924,799 Adjustments for: Depreciation of properties and equipment 26,073,558 Provision for doubtful loans and advances to customers 8,035,117 Interest income from investments in debt securities (54,713,353) Other Interest income (582,259,808) Interest expense 247,383,053 Dividend income from unlisted equity investments (188,758) Net gain on disposal of properties and equipment (103,680) Net gain on disposal and redemption from investment in debt securities (4,831,966) Amortization of discounts / premiums on debt securities, net 13,947,078 Exchange adjustments (72,692,006) Operating cash flows before movements in working capital (99,425,966) Decrease in placements with banks and other financial institutions with original maturity more than three months 2,394,472,669 Increase in debt certificates issued by the Macau Government (417,910,095) Decrease in loans and advances to customers 298,075,435 Increase in other assets (229,245,326) Increase in deposits and balances with banks and other financial institutions 2,993,168,199 Decrease in deposits from customers (4,686,394,672) Increase in bank notes in circulation 56,888,110 Increase in other liabilities 30,686,167 Cash generated from operations 340,314,521 Macau Complementary Tax paid (2,359,944) Interest received 597,549,607 Interest paid (211,677,673) NET CASH FROM OPERATING ACTIVITIES 723,826,511

15 CASH FLOW STATEMENT MOP INVESTING ACTIVITIES Interest received from investments in debt securities 71,963,514 Dividends received from unlisted equity investments 188,758 Purchases of investments in securities (2,173,895,622) Proceeds from disposal and redemption of investments in securities 1,664,775,547 Purchases of properties and equipment (27,448,524) Proceeds from disposal of properties and equipment 105,060 NET CASH USED IN INVESTING ACTIVITIES (464,311,267) CASH USED IN FINANCING ACTIVITY Dividend paid (280,276,553) NET DECREASE IN CASH AND CASH EQUIVALENTS (20,761,309) CASH AND CASH EQUIVALENTS AT 1 JANUARY 13,496,828,468 CASH AND CASH EQUIVALENTS AT 31 DECEMBER 13,476,067,159 Represented by Cash and short-term funds 3,834,602,442 Placements with banks and other financial institutions with original maturity at or within three months 9,641,464,717 13,476,067,159

16 OFF-BALANCE SHEET EXPOSURES OTHER THAN DERIVATIVES TRANSACTIONS

17 OFF-BALANCE SHEET EXPOSURES OTHER THAN DERIVATIVES TRANSACTIONS CONTRACTUAL OR NOTIONAL AMOUNT OF EACH MATERIAL CLASS OF OFF-BALANCE-SHEETEXPOSURES MOP THOUSANDS (a) Credit substitutes - (b) Transaction-related contingencies 2,844,265 (c) Acceptances and other trade-related contingencies 9,186 (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 deposits - (h) Asset sales with repurchase option - (i) Undrawn credit facilities and other commitments to extend credit 10,304,204 (j) Other off-balance-sheet items 665,901,119

18 DERIVATIVES TRANSACTIONS

19 DERIVATIES TRANSACTIONS CONTRACTUAL AMOUNT OR NOTIONAL AMOUNT MOP THOUSANDS Elements Nominal value Interest rate contracts 224,968 Exchange rate contracts 7,950,079 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 10/09/2015 MOP THOUSANDS Elements Weighted exposure Interest rate contracts - Foreign exchange rate contracts 122,218

20 RELATED PARTY TRANSACTIONS

21 RELATED PARTY TRANSACTIONS QUANTITATIVE DISCLOSURE MOP THOUSANDS Debit balances 13,320,270 Interbank assets 13,219,350 Certificates of deposit - Sundry investments - Loans granted - Other assets 75,870 Operating cost 25,050 Credit balances 4,411,606 Deposits of non-bank customers - Certificates of deposit - Interbank liabilities 4,246,429 Other liabilities 12,270 Operating income 152,907

22 CAPITAL

23 CAPITAL QUANTITATIVE DISCLOSURE OF JUNE 30, 2017 MOP THOUSANDS Own funds & solvency ratio Core capital - paid up share capital 2,000,000 Legal, statutory and other reserves which are created from appropriation of retained profits 2,698,073 The total amount of supplementary capital 1,430,218 Other deduction from capital The total amount of own funds after deduction 6,128,291 Capital Adequacy Ratio * 16.43% * 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 OF JUNE 30, 2017 MOP THOUSANDS Solvency ratio for the top consolidated group The Holding Company - Caixa Geral de Depósitos Group 14.6% Its significant bank subsidiaries - Caixa - Banco de Investimento, S.A. Portugal 20.2% - Mercantile Lisbon Bank Holdings, Ltd. South Africa 19.1% - Banco Caixa Geral Brasil, S.A. Brazil 33.0% - Banco Caixa Geral, S.A. Spain 17.7% - Banco Comercial do Atlântico, S.A. Cape Verde 16.6% - Banco Comercial e de Investimentos, S.A. Mozambique 15.9% - Banco Interatlântico, S.A. Cape Verde 15.1%

25 CREDIT RISK

26 CREDIT RISK Country code Name Loans and advances QUANTITATIVE DISCLOSURE GEOGRAPHIC DISTRIBUTION OF EXPOSURES OF JUNE 30, 2017 Loans and advances past due Specific provision Debt securities Interbank assets Government and/ or public sector Financial derivatives MOP THOUSANDS Equity investment AE UNITED ARAB EMIRATES 77, AO ANGOLA AU AUSTRALIA ,194 5, BE BELGIUM BD BANGLADESH BR BRAZIL 20, , CA CANADA , CH SWITZERLAND CN CHINA , , KY CAYMAN ISLANDS , DE GERMANY 4, DK DENMARK , ES SPAIN (ESPANA) FR FRANCE ,925 18, ,968 - GB UNITED KINGDOM ,814 5,446,380-7,673,716 - HK HONG KONG 1,665, , , ,765 7,674 ID INDONESIA IN INDIA , IT ITALY JP JAPAN ,264 19, JE JERSEY , LU LUXEMBOURG ,193 5, MO MACAU 23,303, ,506 (92,716) - 709,632 8,591,000-1,269

27 CREDIT RISK Country code Name Loans and advances Loans and advances past due QUANTITATIVE DISCLOSURE GEOGRAPHIC DISTRIBUTION OF EXPOSURES OF JUNE 30, 2017 Specific provision Debt securities Interbank assets Government and/or public sector Financial derivatives MOP THOUSANDS MZ MOZAMBIQUE 242, MU MAURITIUS MY Malaysia NL Netherlands , NO NORWAY NZ NEW ZEALAND ,433 2, PL POLAND PT PORTUGAL 254, ,843, RU RUSSIAN FEDERATION SA SAUDI ARABIA SG SINGAPORE 26, ,893 10, ZA SOUTH AFRICA , KR SOUTH KOREA SK SLOVAKIA (Slovak Republic) SE SWEDEN , TR TURKEY US UNITED STATES ,725 1, VE VENEZUELA VG VIRGIN ISLANDS (BRITISH) Equity investment 25,594, ,506 (92,716) 4,060,227 15,772,192 8,591,000 8,149,449 8,943

28 CREDIT RISK QUANTITATIVE DISCLOSURE INDUSTRY DISTRIBUTION OF EXPOSURES OF JUNE 30, 2017 MOP THOUSANDS SECTORS Loans and advances Loans and advances past due Specific provision Charge-offs Agriculture and fisheries Manufacturing 574, Electricity, gas and water 849, Construction and public works 754, Trade (Wholesale and retail) 350,863 - (68) - Restaurants, hotels and related activities 598,066 - (126) - Transport, warehouse and communications 139, Individuals for house purchases 12,184,828 - (969) - Individuals for other purposes 771, ,556 (24,537) 1,953 Others 9,370,144 81,950 (67,016) ,594, ,506 (92,716) 2,653 According to AMCM's requirement, a general provision of 1% for MOP 287 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 Type of Accounts Total Repayable QUANTITATIVE DISCLOSURE MATURITY ANALYSIS ON ASSETS AND LIABILITIES OF JUNE 30, 2017 Residual contractual maturity breakdown by types and repayable periods On demand Within 1 month (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 CREDIT RISK More than 1 year but not more than 3 years More than 3 years MOP THOUSANDS Within an indefinite period ASSETS Loans and advances to customers 25,594,405 41,534 1,129, , ,956 2,113,509 21,340,942 0 Cash and balances with and loans and advances to banks 24,363,192 1,837,763 5,653,095 12,068,050 4,804, Certificates of deposit held Securities issued by Macao SAR Government and /or AMCM 7,941, ,941, Other securities 4,060, , ,377 1,790,275 1,868,234 0 Total assets 61,959,274 1,879,297 14,723,964 12,238,436 6,004,617 3,903,784 23,209,176 0 LIABILITIES Deposits and balances of banks and financial institutions 478, , Deposits from public sector entities 20,174,233 6,764,389 2,867,136 7,890,858 2,644, ,046 0 Deposits from holding and associated companies 4,248,169 76,528 3,025,591 1,146, Deposits from non-bank customers 26,513,771 17,334,299 1,298, ,591 4,126,484 1,427,777 1,374,819 0 Certificates of deposits issued Other securities issued Total liabilities 51,414,660 24,653,703 7,191,528 9,988,499 6,771,288 1,427,777 1,381,865 0

30 CREDIT RISK QUANTITATIVE DISCLOSURE ANALYSIS ON PAST DUE ASSETS OF JUNE 30, 2017 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 40, % 88,426 30,424 More than 6 months but not more than 1 year 112, % 70,829 45,262 More than 1 year 114, % 129,801 17,030 TOTAL 267, % 289,056 92,716

31 MARKET RISK

32 MARKET RISK QUANTITATIVE DISCLOSURE The market risk capital requirements Items MOP THOUSANDS Amount Interest rate risk 0 Equity position risk 0 Foreign exchange risk 493 Commodities risk 0 Market Risk Capital Charges for all categories 493

33 INTEREST RATE RISK IN THE BANKING BOOK

34 INTEREST RATE RISK IN THE BANKING BOOK QUANTITATIVE DISCLOSURE OF JUNE 30, 2017 Interest rate exposures at a shock of 200 basis points Item Time band Long (a) (Short) (b) Long (c) (Short) (d) MOP Total net long (short) (e) Weighing factor (%) MOP THOUSANDS Weighted position long (short) (f) 1 Within 1 day 6,015,795 (10,665,284) - - (4,649,489) 0-2 >1 to <= 7 days 3,422,141 (1,180,379) - - 2,241, >7 days to <= 1 month 2,470,552 (1,287,529) - - 1,183, , >1 to <= 3 months 5,877,682 (4,947,165) , , >3 to <= 6 months 1,263,856 (572,131) , , >6 months to <=1 year 1,274,090 (2,310,232) - - (1,036,142) 1.43 (14,816.83) 7 >1 to <=2 years 83,706 (271,103) - - (187,397) 2.77 (5,190.90) 8 >2 to <=3 years 76,444 (666,517) - - (590,073) 4.49 (26,494.28) 9 >3 to <=4 years 44, , , >4 to <=5 years 57, , , >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 (29,561.39) 17 Weighted position of all other currencies 119, Weighted position of all currencies (16(f)+17(f)) 89, Own funds 6,128, Impact on economic value as % of own funds* (18(f) as % of 19(f)) 1.46%

35 FOREIGN EXCHANGE RISK

36 FOREIGN EXCHANGE RISK QUANTITATIVE DISCLOSURE OF JUNE 30, 2017 Total net long and total net short positions in foreign currencies Currency Net Open Position excluding option contracts Long or Short Net Position in Option contracts Long or Short MOP THOUSANDS Net Open Position including option contracts Long or Short 1. Australian dollars Canadian dollars Chinese renminbi (540) (540) 4. Euro 1,492 1, Hong Kong dollars 13,405,452 13,405, Japanese yen New Zealand dollars (57) (57) 8. Pound sterling (67) (67) 9. Singapore dollars Swiss francs US dollars 99,218 99, Foreign currencies not separately specified above, 3,680 except gold 3, Macao patacas (13,510,167) 14. MOP/HKD/USD Position# (in absolute value) 13,504, Gold SUM OF NET LONG POSITIONS UNDER ITEMS ,510, SUM OF NET SHORT POSITIONS UNDER ITEMS 1-13 (in absolute value) 13,510,831 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 13,466,707 Spot liabilities - Forward purchases - Forward sales (61,255) Net options position - Net long position 13,405,452

37 LIQUIDITY RISK

38 LIQUIDITY RISK QUANTITATIVE DISCLOSURE OF JUNE 30, 2017 The arithmetic mean of the minimum weekly amount of cash in hand that is required to hold during the reporting period MOP THOUSANDS 661,091 The arithmetic mean of its weekly amount of cash in hand during the reporting period 7,025,253 The arithmetic mean of its specified liquid assets at the end of each month during the reporting period 52,959,045 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 % % %