BancoSabadell. Small Caps Seminar. London, 18th March Juan M. Grumé Finance & Investor Relations Director
|
|
- Chad Underwood
- 6 years ago
- Views:
Transcription
1 BancoSabadell Small Caps Seminar London, 18th March 2003 Juan M. Grumé Finance & Investor Relations Director
2 AGENDA 1. BANCO SABADELL HIGHLIGHTS 2. PROFIT & LOSS ACCOUNT, AN ANALYSIS 3. COMMERCIAL STRATEGY 4. BUSINESS EVOLUTION 5. CORPORATE GOVERNANCE BUDGET 2
3 HIGHLIGHTS All amounts in m % growth Dec-01 Dec-02 Dec-02/Dec-01 Total Assets , ,2 2,5 Loans to customers , ,6 12,7 On-balance sheet customer deposits , ,2 1,5 Funds under management , ,0 2,9 Shareholders' equity 2.355, ,3-13,0 Bad and doubtful debts as % of total lending Total provisions as % of bad and doubtful debts 0,46% 0,47% 334,9% 351,1% Employees Domestic Branches ATM's On-balance sheet customer deposits + Mutual funds + Pension Funds + Technical reserves 3
4 SNAPSHOT OF MAIN COMPETITORS (I) 31/12/2002 All amounts in m Market capitalisation 2 Total Assets Loans to customers SAN BBVA POP SAB BKT SAN BBVA POP SAB BKT SAN BBVA POP SAB BKT Customer deposits Mutual funds Bancassurance BBVA SAN POP SAB BKT SAN BBVA POP BKT SAB BBVA SAN SAB POP BKT 1 As of 30/09/02 2 As of 10/3/03 4
5 SNAPSHOT OF MAIN COMPETITORS (II) 31/12/2002 NPL RATIO 1 COVERAGE RATIO ROA 1,71% 0,92% 1,00% 0,89% 0,47% 0,31% 140% 223% 193% 351% 441% 0,81% 0,85% 0,86% 0,53% 3 2 SAN BBVA POP SAB BKT 3 2 SAN BBVA POP SAB BKT SAN BBVA POP SAB BKT BIS RATIO P / BV 02 4 P / E ,64% 11,01% 11,00% 11,85% 11,66% 17,16x 2,8x 2,5x 11,16x 14,40x 12,32x 12,73x 1,2x 1,5x 1,4x 4,46% 4,09% 7,01% 7,12% 5,93% SAN BBVA POP SAB BKT Core Capital Pref. Shares and others Subordinated debt Provisions and others 1 On and off balance sheet. 2 Spain and Portugal. 3 Spain 4 As of 10/3/03 SAN BBVA POP SAB BKT SAN BBVA POP SAB BKT 5
6 AGENDA 1. BANCO SABADELL HIGHLIGHTS 2. PROFIT & LOSS ACCOUNT, AN ANALYSIS 3. COMMERCIAL STRATEGY 4. BUSINESS EVOLUTION 5. CORPORATE GOVERNANCE BUDGET 6
7 P/L ACCOUNT RECURRENT VS PUBLISHED (I) % Growth 01/02 Published Recurrent Published Recurrent Published Recurrent Net interest income 703,1 683,3 714,4 689,0 Net commissions 280,5 280,5 285,1 285,1 Results on financial transactions 56,4 27,1 8,6 25,1 Gross operating income 1.040,0 990, ,1 999,2-3% 1% Personnel expenses -361,5-352,0-380,9-358,1 Other administrative expenses -192,7-169,4-286,2-186,0 Deprec & Amort of assets -49,8-49,8-57,3-53,7 Other operating income -2,7-2,7 8,4 8,4 Net operating income 433,3 417,0 292,1 409,8-33% -2% Equity-accounted holdings 34,9 54,7 45,5 70,9 Goodwill amortisation -35,1-35,1-127,1-10,0 B&DD's provisions -73,3-73,3-101,1-101,1 Write-downs of financial fixed assets 0,0 0,0 125,6 0,0 Other income 2,0 2,0 25,3 3,8 Income before taxes 361,7 365,2 260,3 373,4-28% 2% Taxes -135,8-137,1-29,1-113,5 Minorities -9,4-9,4-10,8-10,8 Group net profit 216,5 218,7 220,4 249,2 2% 14% 7
8 P/L ACCOUNT RECURRENT VS PUBLISHED (II) 2002 Adjustments 2002 Published Amount Details Recurrent Net interest income 714,4-25,4 Dividends + others 689,0 Net commissions 285,1 285,1 Results on financial transactions 8,6 16,5 Market downturn 25,1 Gross operating income 1.008,1 999,2 Personnel expenses -380,9 22,8 Severance costs and others -358,1 Other administrative expenses -286,2 100,2 Software amortisation and others -186,0 Deprec & Amort of assets -57,3 3,6 ActivoBank setting-up costs -53,7 Other operating income 8,4 8,4 Net operating income 292,1 409,8 Equity-accounted holdings 45,5 25,4 Dividends + others 70,9 Goodwill amortisation -127,1 117,1 BCP extraordinary charge -10,0 B&DD's provisions -101,1-101,1 Write-downs of financial fixed assets 125,6-125,6 General risk reserve 0,0 Other income 25,3-21,5 Real estate disposals 3,8 Income before taxes 260,3 373,4 Taxes -29,1-84,4 Internal pension fund externalisation -113,5 Minorities -10,8-10,8 Group net profit 220,4 249,2 ROA 0,86% 0,97% ROE 10,02% 11,32% Adjusted ROE 1 13,56% 15,28% Cost/income ratio 66,17% 54,45% % Growth EPS 1,08 1,22 13,0% P/E 11,57x Price: 12,50 10,23x 1 Adjusted by goodwill arosen in BCP and Banco Herrero transactions 8
9 GENERAL ADMINISTRATIVE COSTS FORECAST m 667,1-49,6 589,5 599,6 617,5 286,2 204,3 204,0 210,6 380,9 385,2 395,6 406, e 2004e 2005e Personnel costs Other costs e 5,0% 7,5% 10,0% Gross operating income 1.008, , , ,6 Cost/income ratio 66,2% 52,9% 49,3% 46,0% 9
10 AGENDA 1. BANCO SABADELL HIGHLIGHTS 2. PROFIT & LOSS ACCOUNT, AN ANALYSIS 3. COMMERCIAL STRATEGY 4. BUSINESS EVOLUTION 5. CORPORATE GOVERNANCE BUDGET 10
11 MULTIBRAND APPROACH Parent company Individuals Companies North western Spain Individuals Companies Foreigners residents in Spain Private Banking 11
12 AGENDA BRANDS: GEOGRAPHICAL DISTRIBUTION ASTURIAS CANTABRIA GALICIA BASQUE COUNTRY NAVARRE LA RIOJA CASTILE- LEON ARAGON CATALONIA MADRID CASTILE-LA MANCHA VALENCIA BS BS- SBK BH BS-BH EXTREMADURA ANDALUCIA MURCIA BALEARIC ISLANDS CANARY ISLANDS 12
13 COMMERCIAL STRATEGY (I) All amounts in m Commercial Banking - Individuals: Medium/high net worth - Companies: turnover < 6m SME Banking - Companies: turnover > 6m Highlights (31/12/02) Branches 543 Employees Volumes* Loans 14,697 On-balance sheet deposits 9,745 * Average volumes Commercial Banking - Individuals: High concentration in medium / low net worth (Asturias) - Companies: turnover < 3m SME Banking - Companies: turnover > 3m Highlights (31/12/02) Branches 299 Employees 1,146 Volumes* Loans 3,588 On-balance sheet deposits 3,133 13
14 COMMERCIAL STRATEGY (II) All amounts in m La Coruña Zaragoza Barcelona Madrid Valencia Palma de Mallorca Foreigners resident in Spain (medium/high-medium/ high net worth) Shops/ companies in areas with residential tourism and turnover < 6m Access through: agents, building developers, brokers. Highlights (31/12/02) Branches 60 Employees 316 Volumes* Loans 408 On-balance sheet deposits 628 * Average volumes High net worth individuals > 0.5m Legal entities used to net worth management and familiar companies Institutions Highlights (31/12/02) Branches 6 Employees 43 Volumes* Loans 38 AuM 1,754 14
15 GEOGRAPHIC FOCUS Catalonia Contribution to BS Group % Loans 49,7% % Deposits 45,9% % Branches 35,2% % Customers 41,5% Madrid Contribution to BS Group % Loans 14,3% % Deposits 15,2% % Branches 13,3% % Customers 8,0% Region data (over Spain) Population 15,5% SMEs 19,0% GDP 18,7% Customer loans 19,1% Customer deposits 17,9% GDP per capita (Spain=100%) 120,4% BS Group market share Loans 7,0% Deposits 5,6% Branches 4,5% Region data (over Spain) Population 13,3% SMEs 14,2% GDP 17,8% Customer loans 24,3% Customer deposits 24,7% GDP per capita (Spain=100%) 133,8% BS Group market share Loans 1,8% Deposits 1,2% Branches 2,6% Valencia & Balearic Island Contribution to BS Group % Loans 10,8% % Deposits 8,8% % Branches 11,2% % Customers 9,2% Asturias Contribution to BS Group % Loans 7,7% % Deposits 16,8% % Branches 20,6% % Customers 23,8% Region data (over Spain) Population 12,3% SMEs 13,3% GDP 12,2% Customer loans 12,1% Customer deposits 10,2% GDP per capita (Spain=100%) 100,3% BS Group market share Loans 2,4% Deposits 1,4% Branches 2,0% Region data (over Spain) Population 2,6% SMEs 2,3% GDP 2,3% Customer loans 1,8% Customer deposits 2,2% GDP per capita (Spain=100%) 87,2% BS Group market share Loans 16,5% Deposits 14,5% Branches 21,8% 15
16 COMMERCIAL ORGANISATION New structure Customer Bus. Transverse Bus. Complementary B. Joint Ventures Finance Business COMMERCIAL ORGANIZATION BSSME Banking Bancassurance Real Estate Dexia Local Trading & ALM BS Commercial Pensions Capital Risk BS Andorra Equity Holdings Solbank Asset Management Managerland BH SME Banking Investment Banking E-xtendnow BH Commercial International SBP Privada Ibersecurities Activobank 16
17 CRM INTERNAL TOOLS: COMMERCIAL DIARY 17
18 AGENDA 1. BANCO SABADELL HIGHLIGHTS 2. PROFIT & LOSS ACCOUNT, AN ANALYSIS 3. COMMERCIAL STRATEGY 4. BUSINESS EVOLUTION 5. CORPORATE GOVERNANCE BUDGET 18
19 GROSS LOANS TO CUSTOMERS (I) All amounts in m Secured Lending +20.9% YoY % YoY ,8 519 Unsecured Lending , proforma Other securitised loans Securitised mortgages 19
20 GROSS LOANS TO CUSTOMERS (II) with a diversified business structure 62% SME exposure by products: 40% 20% 32% 6% 1% 26% 14% Bill discounting Mortgages Leasing Others SME exposure by company turnover Individuals SMEs Others Public Adm 23% 23% Individuals includes shops and self-employed people Turnover (million ) E1 < 0,9 E2 < 3,0 E3 <30,0 E4 >30,0 35% E1 E2 E3 E4 19% 20
21 GROSS LOANS TO CUSTOMERS (III) with a diversified business structure 32% 62% Individual s exposure by product: 20% 6% 1% Individuals SMEs Others Public Adm Mortgages Customer lending 80% Individuals includes shops and self-employed people 21
22 MORTGAGE LOANS % mortgages loans / total gross customer loans: 41,3% Mortgage Breakdown 19% 15% 15% Developers First housing Second housing Companies Others 5% 46% Average loan: Mortgage service cost / net family income: 27,11% LTV: 63,89% NPL (mortgages to individuals): 0,23% 22
23 MORTGAGES: HIGH LOYALTY LEVEL 5,23 4,74 4,86 4,92 5,21 5,36 5,18 2,71 Without Mortgage <1 year 1 year 2 years 3 years 4 years 5 years >5 years With Mortgage Products per client 23
24 CREDIT QUALITY: MARGINAL EXPOSURE TO EMERGING MARKETS 31/12/02 OECD 4,5% 0,9% Others Spain 94,6% OECD Country exposure: 99,1% 24
25 NPL RATIO AND COVERAGE NPL ratio maintained 334,9% 1 351,07% % % 1Q 0.63% 0.59% 0.56% 0.56% 0.55% 0.51% 0.46% 0.52% 0.58% 0.53% 0.47% 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Including off-balance sheet risks and their provisions 1 As of 31/12 25
26 CREDIT QUALITY 31/12/02 NPL /Total Loans % 9 6 1,20 0,89 1,21 1 1,00 3 0,46 0,47 0,37 0, Total system Banco Sabadell Banco Popular Bankinter On balance sheet figures as of 4Q02 Source:Bank of Spain (Boletín Estadístico) and companies annual and quarterly reports 1 As of 30/11/02 26
27 FUNDS UNDER MANAGEMENT On balance-sheet Debt securities Customer deposits +16.7% YoY +7.8% YoY proforma Off balance-sheet Bancassurance +1.8% YoY +5.8% YoY Mutual funds All amounts in million 2000 proforma
28 AGENDA 1. BANCO SABADELL HIGHLIGHTS 2. PROFIT & LOSS ACCOUNT, AN ANALYSIS 3. COMMERCIAL STRATEGY 4. BUSINESS EVOLUTION 5. CORPORATE GOVERNANCE BUDGET 28
29 TRANSPARENT CORPORATE GOVERNANCE General Shareholders Meeting Board of Directors Executive Committee Supervisory Committees Business Units Corporate Units Risk Committee Appointment and Remuneration Committee Audit Committee Budget Control Committee 29
30 EXECUTIVE COMMITTEE Mr. José Oliu Chairman & CEO BUSINESS Mr. Juan Mª Nin Gral Mng. and Board Member Commercial Banking Corporate Banking International and BS Capital Bancassurance Treasury and Capital Markets Asset Management CORPORATE CENTRE Mr. José Permanyer Gral Mng. and Board Member Organization & Resources IT Systems Operations Credit Risk and Recoveries COMPTROLLER GENERAL Mr. José L. Negro 30
31 CONTROL STRUCTURE Chairman & CEO José Oliu Control Tomás Varela Finance & Investor Relations Juan M. Grumé Comptroller General José L. Negro Communications Josep M. Suàrez General Manager (Business) Juan M. Nin General Manager (Corporate Centre) José Permanyer 31
32 AGENDA 1. BANCO SABADELL HIGHLIGHTS 2. PROFIT & LOSS ACCOUNT, AN ANALYSIS 3. COMMERCIAL STRATEGY 4. BUSINESS EVOLUTION 5. CORPORATE GOVERNANCE BUDGET 32
33 2003 BUDGET: GROWTH FORECAST Loans +11,7% Customer deposits +8,9% Off-balance sheet deposits +12,5% 33
Analyst Presentation 1Q03 GROWTH AND CONSOLIDATION
BancoSabadell Analyst Presentation 1Q03 GROWTH AND CONSOLIDATION 15th April 2003 www.grupobancosabadell.com DISCLAIMER Banco Sabadell cautions that this presentation may contain forward looking statements
More informationAnalyst Presentation FY02 GROWTH AND CONSOLIDATION
BancoSabadell Analyst Presentation FY02 GROWTH AND CONSOLIDATION 27th January 2003 www.grupobancosabadell.com AGENDA 1. MAIN FINANCIAL HIGHLIGHTS 2. ANALYSIS FY02 FINANCIAL RESULTS 3. BUSINESS EVOLUTION
More informationBancoSabadell. Thinking ahead. May 2006
BancoSabadell Thinking ahead May 2006 1 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business, financial condition, results of operations,
More informationAnalyst Presentation 1H03 GROWTH AND CONSOLIDATION
BancoSabadell Analyst Presentation 1H03 GROWTH AND CONSOLIDATION 21st July 2003 www.grupobancosabadell.com DISCLAIMER Banco Sabadell cautions that this presentation may contain forward looking statements
More informationGeneral Government deficit 2013
General Government deficit 2013 March 31th 2014 General Government balance 2013 Net lending/borrowing ( % of GDP) 2011* 2012 2013 (A) 2013 Target Central Government. Excluding Financial Sector assistance:
More informationKutxabank Mortgage Portfolio 2Q2016
Kutxabank Mortgage Portfolio 2Q2016 Disclaimer This document, its content, its annexes and/or amendments (the Document ) has been made up by Kutxabank, S.A. ( Kutxabank ) for information purposes only
More informationBanco Popular. Francisco Sancha, CFO. Morgan Stanley 10th Annual European Financials Conference. London, March 25 th, 2015
Banco Popular Morgan Stanley 10th Annual European Financials Conference Francisco Sancha, CFO London, March 25 th, 2015 Disclaimer This presentation has been prepared by Banco Popular Español solely for
More informationBBVA, better placed in the current environment
BBVA, better placed in the current environment March 2012 1 Disclaimer This document is only provided for information purposes and does not constitute, nor must it be interpreted as, an offer to sell or
More informationCONTINUING IMPORTANCE OF CASH IN SPAIN: CLOSURE OF BANK OFFICES AND ACCESS TO CASH
CONTINUING IMPORTANCE OF CASH IN SPAIN: CLOSURE OF BANK OFFICES AND ACCESS TO CASH Concha Jiménez Director General Cash and Branches ATM & PAYMENTS. INNOVATION SUMMIT Madrid 18 October 2018 DIRECTORATE
More informationAnnual Report nd year Volume I
Annual Report 2003 122nd year Volume I Annual Report 2003 122nd year Volume I BancoSabadell Annual Report 2003 4 Letter from the Chairman 8 Group financial data 10 Banco Sabadell shares 56 Development
More informationBanco Popular. Shaping a business fit for the post-crisis era. Francisco Sancha, CFO
Banco Popular Shaping a business fit for the post-crisis era 20 th Annual Banking, Insurance & Diversified Financials CEO Conference Francisco Sancha, CFO London, September 29 th 2015 Disclaimer This presentation
More informationBanco Santander Mortgage Covered Bonds Investor presentation ( Cédulas Hipotecarias )
1 Banco Santander Mortgage Covered Bonds Investor presentation ( Cédulas Hipotecarias ) Data at September 2013 Important information 2 Banco Santander, S.A. ("Santander") cautions that this presentation
More informationBanco Sabadell Group
Banco Sabadell Group Financial Bulletin Second quarter of 2001 Introduction At the close of the first quarter of the year, Banco Sabadell Group reported attributable net profits of 114.74 million Euros
More informationCOLLATERAL REPORT IM SABADELL EMPRESAS 5
COLLATERAL REPORT October 2010 IM SABADELL EMPRESAS 5 GLOBAL SECURITISATION AND TRUST SERVICES www.imtitulizacion.com CONTENTS: 1. SUMMARY OF POOL CHARACTERISTICS 1.1. Pool Characteristics 1.2. Distribution
More informationBanco Sabadell. Goldman Sachs Financial Conference. Banco Sabadell. Driving Retail Profit Growth. Thursday 14 th June, 2007
Banco Sabadell Goldman Sachs Financial Conference Banco Sabadell Driving Retail Profit Growth Thursday 14 th June, 2007 1 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking
More informationPRELIMINARY CORPORATE STRATEGIC REPORT ON BANC DE SABADELL
PRELIMINARY CORPORATE STRATEGIC REPORT ON BANC DE SABADELL Disclosure: this is a preliminary strategic report on Banco Sabadell done by Fredi Fernandez.Tthe purpose of this report is twofold, as my candidacy
More informationParent Company Reporting date March 2016
Percentage of bonds (%) QUESTIONNAIRE ON TRANSPARENCY ACCORDING TO ECBC LABEL CONVENTION CB Issuer Bankia Parent Company Reporting date March 2016 RATINGS CB Issuer CB Programme Moody's - - S&P BB A+ Fitch
More informationSUMMARY CHARTS 1 COVERAGE AND SECTORAL STRUCTURE
1 COVERAGE AND SECTORAL STRUCTURE 1.1 NUMBER OF CBI CORPORATIONS AND COVERAGE 1.2 CONTRIBUTION TO THE COVERAGE OF CBA AND CBB. DATABASES 1,, No. of corporations coverage 1 1 coverage 8, 6, 4, 94,687 44.9
More informationCaixaBank - Covered Bonds Investors presentation. Data as of 31 st December
CaixaBank - Covered Bonds Investors presentation Data as of 31 st December February 2014 Mortgage Covered Bond Programme CaixaBank Covered Bonds Programmes - Main figures Dec 13 Covered Bonds MORTGAGE
More informationMerrill Lynch Banking & Insurance CEO Conference 2010 Banco Sabadell
Merrill Lynch Banking & Insurance CEO Conference 2010 Banco Sabadell Tomás Varela CFO 29 th September 2010 1 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements
More informationCaixaBank Covered Bond Programme
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2031 2037 2038 2048 Mortgage Covered Bond Programme CaixaBank Covered Bond Programme Mortgages Public Sector Total Collateral
More information31/12/2016. CaixaBank - Covered Bond Investor presentation
CaixaBank - Covered Bond Investor presentation Data as of 30 th June 2017 CaixaBank Covered Bonds Programme - Highlights High quality collateral & strong overcollateralization Ratings: Moody s Investors
More informationBANCO SANTANDER S.A. MORTGAGE COVERED BONDS INVESTOR PRESENTATION 2Q 17. ( Cédulas Hipotecarias )
BANCO SANTANDER S.A. MORTGAGE COVERED BONDS INVESTOR PRESENTATION 2Q 17 ( Cédulas Hipotecarias ) Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking
More information5.3 Human Resources. Strategy and resources. Description of the Workforce:
Sacyr 5.3 Human Resources AVERAGE CONSOLIDATED WORKFORCE DISTRIBUTION BY COUNTRY The Sacyr Human Resources Department, through its Personnel Administration, Human Resources Development, Recruitment, and
More informationDIA Group generates net underlying profit of EUR267m in 2014, up 8.4%
Press release DIA Group generates net underlying profit of EUR267m in 2014, up 8.4% / The DIA Group s gross sales under banner reached EUR9.4bn, up 9.9% in local currency / The Board of Directors will
More informationCovered Bond Investor Presentation 30 th September 2017
Covered Bond Investor Presentation 30 th September 2017 Disclaimer The purpose of this presentation is purely informative. In particular, regarding the data provided by third parties, neither CaixaBank,
More informationBP s impact on the economy in. A report by Oxford Economics December 2017
BP s impact on the economy in A report by Oxford Economics December 2017 610 million Gross value added contribution supported by BP in Spain BP supported 11,300 One in every 1,700 in Spain jobs BP s activity
More informationBANCO SANTANDER S.A. MORTGAGE COVERED BONDS INVESTOR PRESENTATION 4Q 17. ( Cédulas Hipotecarias )
BANCO SANTANDER S.A. MORTGAGE COVERED BONDS INVESTOR PRESENTATION 4Q 17 ( Cédulas Hipotecarias ) Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking
More informationSpanish economy A spotter s guide to the Spanish economy
Banco Sabadell Investor Relations Spanish economy A spotter s guide to the Spanish economy This document has been prepared by: Investor Relations at Banco Sabadell - investorrelations@bancsabadell.com
More informationThe forecasts of the Labour Market Monitor
The forecasts of the Labour Market Monitor Key points of the month As anticipated by the Afi-ASEMPLEO SLM Indicator, the unemployment rate rose to 18.75% in 1Q17. In April, Social Security enrolment surprised
More informationCaixaBank - Covered Bond Investor presentation
CaixaBank - Covered Bond Investor presentation Data as of 30 th September 2016 CaixaBank Covered Bonds Programme - Highlights High quality collateral & strong overcollateralization Ratings: Moody s Investors
More informationla Caixa Group Institutional Presentation
la Caixa Group Institutional Presentation Financial Year 2008 Disclaimer The data, opinions, assessments and projections, and the contents of this presentation as a whole, are published here for purely
More informationBanco Sabadell Group
Banco Sabadell Group FinancialBu lletin Fou rth Qu arter of2002 The Banco Sabadell Group reported attributable net profits of 220.42 million euros, 1.8 % up on 2001, in a year marked by intense business
More informationTHE AEF S STATISTICAL SERVICE REPORT 2017 FRANCHISE IN SPAIN. National Statistics FRANCHISERS
THE AEF S STATISTICAL SERVICE REPORT 2017 FRANCHISE IN SPAIN National Statistics GRUPO COOPERATIVO CAJAMAR AEF SPANISH ASSOCIATION OF FRANCHISERS REDFRANQUICIA FRANCHISE NETWORK SPECIALIZED PRODUCTS AND
More informationDebt Monitor, March 2018
Debt Monitor, March 2018 I. EXECUTIVE SUMMARY The General Government (GG) debt-to-gdp ratio stood at 98.3% at the end of 2017, declining 0.3 percentage points as compared with the third quarter of the
More informationBanco Sabadell 1Q13 Results. April 25th, 2013
Banco Sabadell 1Q13 Results April 25th, 2013 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business. financial condition. results
More informationBanco Sabadell Group. Financial bulletin Third quarter of Quarterly Financial Bulletin from Banco Sabadell Group
Banco Sabadell Group Financial bulletin Third quarter of 2001 Number 6 Third quarter of 2001 Page 1 Introduction At the end of the third quarter of this year, attributable consolidated profits for the
More informationSPAIN * 1. REGIONAL DISPARITIES AND PROBLEMS. Figure 1: Spain. Spain
SPAIN * 1. REGIONAL DISPARITIES AND PROBLEMS Conventional policymaker analysis divides the problem regions into four groups: first, regions affected by industrial reconversion (e.g. Asturias, Cantabria
More information3Q08 Results Optima 09
Banco Sabadell 3Q08 Results Optima 09 23 rd October 2008 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business, financial condition,
More information2014 Annual Results. 4Q 2014 Francisco Gómez CEO. Madrid. January 30 th, 2015
2014 Annual Results 4Q 2014 Francisco Gómez CEO Madrid. January 30 th, 2015 Disclaimer This presentation has been prepared by Banco Popular Español solely for informational purposes. It may contain estimates
More informationExane Spain Investors Day. Francisco Sancha Bermejo Group CFO Madrid, January 16 th, 2014
Exane Spain Investors Day Francisco Sancha Bermejo Group CFO Madrid, January 16 th, 2014 Disclaimer This presentation has been prepared by Banco Popular Español solely for purposes of information. It may
More informationBanco Mare Nostrum First Half September 2014
Banco Mare Nostrum First Half 2014 September 2014 1. Key BMN highlights 2. Results 3. Commercial activity 4. Solvency and risk management 5. Appendix Key BMN highlights A reference retail and SMEs banking
More informationFINANCIAL RESULTS February, 4 th 2011
FINANCIAL RESULTS 2010 February, 4 th 2011 Disclaimer This presentation has been prepared by Banco Popular solely for purposes of information. It may contain estimates and forecasts with respect to the
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 informationBanc Sabadell Group Financial Bulletin First quarter of 2001
Banc Sabadell Group Financial Bulletin First quarter of 2001 Introduction FIRST QUARTER RESULTS Banco Sabadell Group attributable profits up by 19.1 %, increasing to over 63 million euros At the close
More information2015 Full Year Results 22 March 2016
2015 Full Year Results 22 March 2016 Redexis Gas 2015 Full Year Results 2015 (unaudited) 1 Contents 1. Redexis Gas at a glance... 3 1.1. Key corporate and financial events... 4 1.2. Key operating events...
More informationResults Analyst s Appendix. Madrid, July 31 th, 2015
Results Analyst s Appendix Madrid, July 31 th, 2015 Disclaimer This presentation has been prepared by Banco Popular Español solely for informational purposes, It may contain estimates and forecasts with
More informationWhere do foreigners buy Real Estate in Spain this last year?
Where do foreigners buy Real Estate in Spain this last year? Please find our Data updated up to June 2017. Before starting the analysis, let s have a look at who is buying? As you can see on this table,
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 informationCaixaBank Fixed Income Presentation April 2014
CaixaBank Fixed Income Presentation April 2014 Disclaimer The purpose of this presentation is purely informative and the information contained herein is subject to, and must be read in conjunction with,
More informationBarcelona, June de 2012 Graphic design: CTESC Image: FreedigitalPhotos.net
1 Work licensed under an Attribution- Non-commercial-No Derivative Works Creative Commons 4.0 license. Licensees may copy, distribute, display and perform the work only if they give the author or licensor
More informationCAM Transaction. December 2011
CAM Transaction December 2011 1 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business. financial condition. results of operations.
More informationRecommendations issued by AIReF in Q3 2017: Summary
29 December 2017 Recommendations issued by AIReF in Q3 2017: Summary The comply or explain principle is the key tool available to AIReF to fulfil its remit. Under this principle, public administrations
More informationMorgan Stanley- European Financials Conference. Leveraging our capital strength to enhance shareholder value
Morgan Stanley- European Financials Conference Leveraging our capital strength to enhance shareholder value Juan M. Nin, Deputy Chairman and CEO of CaixaBank London, 28 th March 2012 Important Note The
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 informationRetail trade at constant prices decreases 4.3% in November, as compared with the same month in 2008
29 December 2009 Retail Trade Indices. Base 2005 November 2009. Provisional data Retail trade at constant prices decreases 4.3% in November, as compared with the same month in 2008 Retail trade at constant
More informationIntegration Plan Presentation. 22 nd June 2010
Integration Plan Presentation 22 nd June 2010 Disclaimer This material has been prepared for information purposes only by Caja Madrid and Bancaja on behalf of the Members of the SIP Project ( the SIP Project
More informationCaixaBank - Covered Bond Investor presentation
CaixaBank - Covered Bond Investor presentation Data as of 31 st December 2016 CaixaBankCovered BondsP rogram m e-highlights Highquality collateral& strongovercollateralization R atings: M oody s InvestorsS
More informationBanco Mare Nostrum FY March 2015
Banco Mare Nostrum FY 2014 March 2015 1. Key BMN highlights 2. FY2014 Results 3. Commercial activity 4. Risk management 5. Solvency and liquidity 6. Appendix Key BMN highlights A reference retail and SMEs
More information1Q08 Results Optima 09
Banco Sabadell 1Q08 Results Optima 09 24th April 2008 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business, financial condition,
More informationThe average value of the mortgages constituted in September increases 4.2% in the interannual rate, standing at 135,132 euros
26 November 2010 Mortgage Statistics (Base 2003) September 2010. Provisional data The average value of the mortgages constituted in September increases 4.2% in the interannual rate, standing at 135,132
More informationSpanish Labour Market Monitor
Spanish Labour Market Monitor Key points of the month The October increase in Social Security enrolment of over 11, is three times larger than last year, and takes the YoY rise to 3.4%. The Afi-ASEMPLEO
More informationThe Autonomous Regions funding model: Between the State and the markets
The Autonomous Regions funding model: Between the State and the markets César Cantalapiedra and Salvador Jiménez 1 In 2016, the State and some of the Autonomous Regions have been able to take advantage
More informationStrategic Plan Bankia
Strategic Plan 2018-2020 Bankia February 2018 1 Disclaimer This document was originally prepared in Spanish. The English version published here is for information purposes only. In the event of any discrepancy
More informationThe average value of the mortgages constituted in June increases 0.2% in the interannual rate, standing at 120,478 euros
29 August 2011 Mortgage Statistics June 2011. Provisional data The average value of the mortgages constituted in June increases 0.2% in the interannual rate, standing at 120,478 euros The number of mortgages
More informationEconomically Active Population Survey (EAPS) Fourth quarter 2015
28 January 2016 Economically Active Population Survey (EAPS) Fourth quarter 2015 Main results - In the fourth quarter of 2015, the number of employed persons increased by 45,500 over the third quarter
More informationResults 1H08 Optima 09
Banco Sabadell Results 1H08 Optima 09 24th July 2008 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business, financial condition,
More informationBusiness Confidence Indicators (BCI) First quarter of 2018
17 January 2018 Business Confidence Indicators (BCI) First quarter of 2018 The Harmonised Business Confidence Index (HBCI) in the first quarter of 2018 decreased by 0.4% as compared with the fourth quarter
More informationThe Outlook for the Spanish Banking Sector
The Outlook for the Spanish Banking Sector Madrid, 24 th May 2012 IACPM Spring General Meeting 2012 Alfonso García Mora Managing Director Analistas Financieros Internacionales (Afi) agarcia@afi.es www.afi.es
More informationArnaud Journois
Rating Report Ratings Maria Rivas +44 2 7855 6656 mrivas@dbrs.com Arnaud Journois +44 2 7855 6685 AJournois@dbrs.com Elisabeth Rudman +44 2 7855 6655 erudman@dbrs.com Issuer Debt Rating Rating Action Trend
More informationEBA Stress Test Results on Banco Popular. 16th July, 2011
EBA Stress Test Results on Banco Popular 16th July, 2011 Disclaimer This presentation has been prepared by Banco Popular solely for purposes of information. It may contain estimates and forecasts with
More information1Q17 Results Presentation
1Q17 Results Presentation Ignacio Sánchez-Asiaín CEO* Miguel Escrig CFO* * Please see disclaimer at the end of the presentation. 0. 1. Quarterly overview & strategic highlights 1Q17 results 2. 3. Asset
More informationAnnual Labour Cost Survey (ALCS) 2010
27 July 2011 Annual Labour Cost Survey (ALCS) 2010 Main results - The total cost per worker, in gross terms, is 30,819.53 euros during the year 2010, for a 0.5% increase over the previous year. - The net
More informationBankia posts net attributable profit of 816 million euros for 2017, up 1.4%
The bank will pay a dividend of 340 million euros, which raises the payout ratio to 41.7% Bankia posts net attributable profit of 816 million euros for 2017, up 1.4% After consolidating BMN and making
More informationOrdinary General Shareholders' Meeting
Ordinary General Shareholders' Meeting 2013 Ordinary General Shareholders' Meeting 2013 Chairman Isidro Fainé Economic environment Spanish financial system CaixaBank s 2012 Results 1 st quarter 2013 Results
More informationFinancial Results 1Q May 2017
Financial Results 1Q 2017 4 May 2017 Disclaimer This document was prepared by LIBERBANK, S.A., ("LIBERBANK") and is presented exclusively for informational purposes. It is not a prospectus and does not
More informationSURVEY OF FINANCIAL COMPETENCES (ECF) 2016: MAIN RESULTS
LA COMPETITIVIDAD DE LA ECONOMÍA ESPAÑOLA EN UN ENTORNO DE DESAPALANCAMIENTO Y AUSTERIDAD SURVEY OF FINANCIAL COMPETENCES (ECF) 2016: MAIN RESULTS José Luis Malo de Molina Director General Olympia Bover,
More informationQuarterly Labour Cost Survey (QLCS) Second quarter of 2010
6 September 200 Quarterly Labour Cost Survey (QLCS) Second quarter of 200 Main results the interannual variation rate of the labour cost was 4.% - The labour cost of companies stands at 2,578. euros in
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 informationBanco Sabadell 2Q12 Results. July 25 th, 2012
Banco Sabadell 2Q12 Results July 25 th, 2012 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business. financial condition. results
More informationEconomically Active Population Survey (EAPS) Third quarter of 2013
24 October 2013 Economically Active Population Survey (EAPS) Third quarter of 2013 Main results Employment in the third quarter of 2013 registers an increase of 39,500 persons, reaching a total of 16,823,200
More informationRESEARCH PAPER Nº 265 BIS April, 1994
RESEARCH PAPER Nº 265 BIS April, 1994 THE FAMILY BUSINESS IN THE SPANISH FOOD AND BEVERAGE INDUSTRY (I) Miguel A. Gallo* Mª José Estapé** Published by the Chair of Family Business * Professor of Business
More informationA Unique Value Proposition. Goldman Sachs European Financials Conference Manuel Gonzalez Cid, BBVA's CFO Paris, June 8 th 2011
A Unique Value Proposition Goldman Sachs European Financials Conference Manuel Gonzalez Cid, BBVA's CFO Paris, June 8 th 2011 1 Disclaimer This document is only provided for information purposes and does
More informationAnnual Labour Cost Survey (ALCS) 2009
27 July 2010 Annual Labour Cost Survey (ALCS) 2009 Main Results - The total cost per worker, in gross terms, is 30,670.05 euros during the year 2009, for a 3.5% increase over the previous year. - The net
More informationInvestors Presentation. September 2014
Investors Presentation September 2014 Contents 1.- Characteristic of Cooperative Sector in Spain 2.- Cajamar s Overview 2.1.- Cajas Rurales Unidas: Origins 2.2.- Cajamar at a glance 3.- Financial Position
More informationBanco BPI Consolidated results in 1st quarter 2017
Banco BPI Consolidated results in 1st quarter 2017 26 April 2017 A. Financial results I. Domestic activity II. International activity III. Consolidated results B. Income statements and balance sheets Domestic
More informationInvestors Presentation. June 2018
Investors Presentation June 2018 0 Economic outlook The Valencian Community Valencia Spain Principado de Asturias Surface (km 2 ) 23,255 4.6% 505,990 100% Galicia Cantabria País Vasco Population Jul 17
More informationBankia. Results Presentation February 2013
Bankia Results Presentation 2012 February 2013 1 of 41 / February 2013 Disclaimer This document has been prepared by Bankia, S.A. ( Bankia ) and is presented exclusively for information purposes. It is
More informationThe Harmonised Business Confidence Index (HBCI) decreases 1.0% in the first quarter of 2019 as compared with the fourth quarter of last year
16 January 2019 Business Confidence Indicators (BCI) First quarter of 2019 The Harmonised Business Confidence Index (HBCI) decreases 1.0% in the first quarter of 2019 as compared with the fourth quarter
More informationQuarterly Labour Cost Survey (QLCS) First quarter of 2018
15 June 2018 Quarterly Labour Cost Survey (QLCS) First quarter of 2018 Main results The labour cost of companies stands at 2,497.91 euros per worker per month in the first quarter of 2018, with a variation
More informationLeveraging our capital strength to enhance shareholder value
Leveraging our capital strength to enhance shareholder value 27 th March 2012 Important Note The purpose of this presentation is purely for information purposes. In particular, regarding the data provided
More informationBankinter 17 Fondo de Titulización de Activos 1 Billion Mortgage-Backed Floating-Rate Notes
Publication Date: June 3, 2008 Presale Report: RMBS/Prime/Spain Bankinter 17 Fondo de Titulización de Activos 1 Billion Mortgage-Backed Floating-Rate Notes Primary analyst: Isabel Plaza, Madrid (34) 91-788-7203,
More informationEconomically Active Population Survey (EAPS) Second quarter of 2012
27 July 2012 Economically Active Population Survey (EAPS) Second quarter of 2012 Main results Employment in the second quarter of 2012 registers a decrease of 15,900 persons, reaching a total of 17,417,300
More informationQ U A R T E R L Y R E P O R T January-March 2004
QUARTERLY REPORT January-March 2004 QUARTERLY REPORT January-March 2004 Contents 2 BBVA Group Highlights 3 BBVA Group in the first quarter of 2004 10 Income statement 15 Balance sheet and activity 20
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 informationCorporate Presentation. September 2018
Corporate Presentation September 2018 Disclaimer This document has been prepared by Testa Residencial SOCIMI, S.A. (the Company ) and comprises slides for a presentation to the market of the Company. For
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 informationResults for second quarter of 2010
Results for second quarter of 2010 Ángel Cano Chief Operating Officer BBVA Group Madrid, 28th July 2010 1 Disclaimer This document is only provided for information purposes and does not constitute, nor
More informationThe redistributive effects of Personal Income Tax reforms during the Great Recession in Spain
Universidad de Alcalá The redistributive effects of Personal Income Tax reforms during the Great Recession in Spain M. Adiego (IEF), O. Cantó (UAH), M. Paniagua (IEF) and T. Pérez (IEF) Brussels, 21st
More information1Q14 Results Analyst s Appendix. Madrid, April 30 th 2014
1Q14 Results Analyst s Appendix Madrid, April 30 th 2014 Disclaimer This presentation has been prepared by Banco Popular Español solely for purposes of information. It may contain estimates and forecasts
More information