Alpha Group YTD Growth (in %) Peer Balance sheet data (In LL Million) Sep-12 Dec-12 Sep-13 Average High Low Assets

Transcription

1 YTD Growth (in %) Peer Balance sheet data (In LL Million) Sep-12 Dec-12 Sep-13 Average High Low Assets 1. Cash and balances with Central Banks 44,930,294 47,466,979 50,997, Deposits with banks and financial institutions 22,565,967 24,109,216 20,334, Due from HO/Parent, sister, related banks and fin. inst. 1,112, , , Loans to banks & fin. inst. & reverse repurchase agreements 2,171,871 2,693,341 2,689, Financial assets given as collateral 70,471 75, , Derivative financial instruments 69, , , Shares and participations at FVTPL 310, , , Debt instruments and other financial assets at FVTPL 4,102,457 4,277,104 5,442, Of which net advances and loans at FVTPL (1) - 75,555 50, Net loans and advances to customers at amortized cost (1) 64,409,532 67,437,556 74,786, Net loans and advances to related parties at amortized cost (1) 1,522,852 1,452, , Debtors by acceptances 2,129,770 1,782,012 2,038, Debt instruments classified at amortized cost 78,358,153 79,662,376 83,771, Shares and participations at FVTOCI 1,081,498 1,136, , Investments in associates 300, , , Assets taken in settlement of debt 942, ,802 1,009, Property and equipment 2,590,154 2,721,127 2,750, Intangible fixed assets 76, , , Non current assets held for sale 29,490 64,787 31, Other assets 1,477,310 1,280,476 1,634, Goodwill 872, , , Total assets (3) 229,124, ,738, ,259, Breakdown of balance sheet (In LL Million) Total Assets 229,124, ,738, ,259, Of which domestic 188,031, ,698, ,189, in LL 72,644,888 75,188,427 78,190, in FC 115,386, ,509, ,999, Of which foreign 41,093,224 45,039,963 47,070, Deposits from customers 191,724, ,086, ,069, Of which domestic 162,201, ,853, ,031, in LL 60,364,234 62,144,974 63,710, in FC 101,837, ,708, ,321, Of which foreign 29,522,875 32,233,287 34,037, Loans to customers 65,932,384 68,965,307 75,749, Of which domestic 50,492,239 52,064,916 54,439, in LL 11,532,826 11,883,813 12,935, in FC 38,959,413 40,181,103 41,503, Of which foreign 15,440,145 16,900,390 21,310, General information Sep-12 Dec-12 Sep-13 Peer Change High Low Number of branches 1,037 1,056 1, Domestic Abroad Staff employed (Banks + non Banks) 25,397 25,873 26, , Domestic 17,946 18,269 18, , Abroad 7,451 7,604 7, ,665 4 Staff employed in banking entities 24,088 24,520 25, , Bankdata Financial Services 3

2 YTD Growth (in %) Peer Balance sheet data (In LL Million) Sep-12 Dec-12 Sep-13 Average High Low Liabilities and shareholders' equity 1. Due to Central Banks 3,018,716 2,468,127 2,912, Due to banks & fin. inst. and repurchase agreements 7,298,103 8,285,561 7,867, Due to HO/Parent, sister, related banks and fin. inst. 156,096 35,204 24, Financial assets taken as a guarantee , Derivative financial instruments 83, , , Financial liabilities at FVTPL 103, ,294 65, Of which deposits at FVTPL (2) 46, ,615 16, Deposits from customers at amortized cost (2) 187,953, ,463, ,094, Deposits from related parties at amortized cost (2) 3,724,503 3,521,167 2,958, Debt issued and other borrowed funds 1,153,343 1,437,457 1,405, Engagements by acceptances 2,129,770 1,782,012 2,038, Other liabilities 3,141,980 2,684,700 3,271, Provisions for risks and charges 721, , , Subordinated loans and similar debts 534, ,473 1,246, Non current liabilities held for sale 1,376 14,799 2, Total liabilities 210,020, ,314, ,856, Capital - common shares 3,509,646 3,515,964 3,531, Capital - preferred shares 150, , , Issue premium - common shares 1,527,714 1,678,424 1,678, Issue premium - preferred shares 3,370,550 3,865,299 4,322, Cash contribution to capital 279, , , Legal and statutory reserves 3,174,442 3,205,889 3,784, Reserves available for distribution 1,335,952 1,497,935 1,780, Treasury shares -140, , , Retained earnings 2,893,688 2,739,865 3,193, Revaluation reserve of real estate 124, , , Reserve on revaluation of financial assets at FVTOCI 16,291 69, , Reserve on changes in fair value of cash flow hedges 11,992 5,244 12, Foreign currency translation reserve -362, , , Other reserves 385, , , Result of the financial period 1,866,222 2,460,149 1,875, Total shareholders' equity - Group share 18,143,348 19,473,535 20,471, Shareholders' equity - Non controlling interest 961, , , Total shareholders' equity 19,104,404 20,423,847 21,403, Total liabilities and shareholders' equity 229,124, ,738, ,259, Selected off-balance sheet items LCs 4,148,023 4,013,636 3,996, Total LC openings 22,700,212 29,539,656 21,918, LGs 10,341,181 10,265,152 10,394, Fiduciary accounts 3,139,726 3,439,398 3,415, Assets under management 25,016,053 26,588,067 27,609, (1) Of which loans to customers in FC 54,399,558 57,081,493 62,814, (2) Of which deposits from customers in FC 131,360, ,941, ,358, (3) Of which total assets in FC 156,479, ,549, ,069, Bankdata Financial Services 4

3 Liquidity (In %) Sep-12 Dec-12 Sep-13 Peer High Low Primary liquidity / assets Of which Central Bank / assets Of which Banks / assets Net primary liquidity / deposits Of which net primary liquidity in LL / deposits in LL Of which net primary liquidity in FC / deposits in FC Loans / deposits Of which loans / deposits in LL Of which loans / deposits in FC Portfolio securities breakdown (In LL Million) Peer YTD % High Low Lebanese treasury bills in LL 21,980,500 23,225,303 24,277, Lebanese sovereign eurobonds in FC 17,063,394 17,480,977 23,145, BDL Certificates of Deposits in LL 21,863,473 21,817,627 22,687, BDL Certificates of Deposits in FC 9,876,468 9,565,546 6,772, Other debt instruments 11,676,774 11,774,472 12,282, Equity instruments 1,392,268 1,457,963 1,384, Total 83,852,877 85,321,888 90,548, In % Peer High Low Portfolio securities / deposits Lebanese Treasury bills in LL / deposits in LL BDL's Certificates of deposits in LL / deposits in LL Lebanese Sovereign eurobonds / deposits in FC BDL's Certificates of deposits in FC / deposits in FC Lebanese Sovereign eurobonds / equity Asset quality (In LL Million) Peer YTD % High Low Gross loans 70,380,893 73,432,791 80,585, Gross substandard loans (SLs) 598, , , Of which interest in suspense 125, , , Net substandard loans 472, , , Gross doubtful loans (DLs) 4,280,130 4,562,479 4,779, Of which net doubtful loans 771, , , Of which specific provisions for doubtful loans 1,726,560 1,794,208 1,944, Of which interest in suspense 1,782,240 1,832,756 1,950, Net loans 65,932,384 68,965,307 75,749, Gross DLs + SLs 4,878,574 4,997,432 5,323, Net DLs + SLs 1,244,102 1,251,565 1,320, LLRs on DLs and SLs 3,634,472 3,745,867 4,003, Collective provisions 814, , , Debt written off 1,035,161 1,161,356 1,234, Asset quality ratios (In %) Peer High Low Gross DLs / gross loans Gross SLs + DLs / gross loans Net DLs / gross loans Net SLs + DLs / gross loans LLRs on DLs / DLs LLRs / gross loans Collective provisions / net loans Net DLs / equity Equity / assets Write-offs / gross DLs + write-offs Bankdata Financial Services 5

4 Income Statement (In LL million) Sep-12 Dec-12 Sep-13 Peer YOY % High Low Interest & similar income 8,908,777 11,992,455 9,524, Interest & similar expense 5,755,061 7,760,242 6,298, Net interest income 3,153,715 4,232,213 3,225, Fee & commission income 998,631 1,322,657 1,045, Fee & commission expense 195, , , Net fee & commission income 802,865 1,091, , Net gain(loss) on financial assets(liabilities) at FVTPL 559, , , Of which net unrealized gain(loss) 107, ,318 51, Of which net interest income(expense) 128, , , Of which net profits on foreign exchange 242, , , Net gain(loss) on financial investments 434, , , Other operating income 171, , , Total operating income 5,122,292 6,882,693 5,374, Net provisions for credit losses 441, , , Credit losses on debt instruments at amortized cost 681 1,299 5, Specific provisions for doubtful loans 380, , , Recoveries of provisions for doubtful loans 120, , , Collective provisions 189, , , Other net provisions -9,091-12,678 19, Provisions for impairment of other financial instr./inv. -18,967-19,003 1, Net operating income 4,700,006 6,300,008 4,924, Staff expenses 1,347,025 1,790,100 1,450, Administrative & other operating expenses 929,883 1,278,278 1,011, Depreciation of tangible fixed assets 155, , , Amortization of intangible fixed assets 11,509 19,475 18, Impairment of goodwill 9,817 21, Total operating expenses 2,453,570 3,313,606 2,641, Operating profit 2,246,436 2,986,402 2,282, Share of profit of associates under equity method 13,544 28,506 20, Net gain(loss) from sale or disposal of other assets 10,164 13,284 2, Profit before tax 2,270,145 3,028,192 2,306, Income tax 417, , , Profit after tax from operating activities 1,852,583 2,504,102 1,924, Profit after tax from discontinued activities 49,487 33, Net profit 1,902,070 2,537,917 1,924, Of which domestic net profit 1,568,822 2,133,610 1,603, Net profit - Non controlling interest 35,922 57,686 48, Net profit - Group share 1,866,148 2,480,231 1,875, Earnings per share 29, ,119, , Structural ratios (In %) Sep-12 Dec-12 Sep-13 Peer High Low Interest expense / interest income Credit cost / pre-provision, pre-tax profit Credit cost / outstanding net loans Non interest income / total income Net fees and commissions / non interest income Net fees and commissions / average assets Operating expenses / average assets Income tax / profit before tax Net profit - group share / net profit Bankdata Financial Services 6

5 Peer performance Key performance metrics (In %) Sep-12 Dec-12 Sep-13 Average High Low Yield on earning assets o.w. in LL o.w. in FC Cost of earning assets o.w. in LL o.w. in FC Cost of funds o.w. in LL o.w. in FC = Interest margin o.w. in LL o.w. in FC x Average interest earning assets / average assets o.w. in LL o.w. in FC = Spread o.w. in LL o.w. in FC Non interest income / average assets = Asset utilization x Net operating margin Of which cost / income Of which credit cost Of which provisions on impairment of financial instruments Of which tax cost = ROAA x Leverage (times) = ROAE ROACE Management efficiency Average footings per branch (LL Billion) Average footings per staff (LL Billion) Average staff per branch Cost per average branch (LL Billion) Staff expenses per average staff (LL Billion) Staff expenses to general operating expenses (%) Total income per average staff (LL Billion) Investment considerations Common shares outstanding (000) 1,496,698 1,497,014 1,497, , , Of which GDRs 239, , ,133 18, ,018 64,219 Preferred shares outstanding (000) 73,104 76,979 68,092 5,238 21, Common earnings per share (LL) 1, , , , ,329, Common book per share (LL) 9, , , , ,243, , Bankdata Financial Services 7