Poland. First Quarter April 28, 2015
|
|
- Edward Garrett
- 6 years ago
- Views:
Transcription
1 1 Poland First Quarter 2015 April 28, 2015
2 Disclaimer 2 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward-looking statements represent our judgment and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to: (1) general market, macro-economic, governmental and regulatory trends; (2) movements in local and international securities markets, currency exchange rates and interest rates; (3) competitive pressures; (4) technological developments; and (5) changes in the financial position or credit worthiness of our customers, obligors and counterparties. The risk factors that we have indicated in our past and future filings and reports could adversely affect our business and financial performance. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements speak only as of the date on which they are made and are based on the knowledge, information available and views taken on the date on which they are made; such knowledge, information and views may change at any time. BZ WBK does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The information contained in this presentation is subject to, and must be read in conjunction with, all other publicly available information, including, where relevant any fuller disclosure document published by BZ WBK. Any person at any time acquiring securities must do so only on the basis of such person's own judgment as to the merits or the suitability of the securities for its purpose and only on such information as is contained in such public information having taken all such professional or other advice as it considers necessary or appropriate in the circumstances and not in reliance on the information contained in the presentation. In making this presentation available, BZ WBK gives no advice and makes no recommendation to buy, sell or otherwise deal in shares in BZ WBK or in any other securities or investments whatsoever. Neither this presentation nor any of the information contained therein constitutes an offer to sell or the solicitation of an offer to buy any securities. Note: Statements as to historical performance or financial accretion are not intended to mean that future performance, share price or future earnings (including earnings per share) for any period will necessarily match or exceed those of any prior year. Nothing in this presentation should be construed as a profit forecast. Note: The results information contained in this presentation has been prepared according to Spanish accounting criteria and regulation in a manner applicable to all subsidiaries of the Santander Group and as a result it may differ from the one disclosed locally by Bank Zachodni WBK S.A.
3 Agenda 3 Macro-economic environment and financial system Strategy and business Results Appendix
4 Macro-economic environment 4 Economic growth likely to accelerate soon Annual GDP Growth (%, real) Interest Rates (%, end year) (e) 2016 (e) Annual CPI inflation rate (%, annual average) (e) 2016 (e) EURPLN exchange rate (annual average) (e) 2016 (e) (e) 2016 (e) Source: The National Bank of Poland, Central Statistical Office and estimates by Santander Research (8 April 2015)
5 Macro-economic environment 5 Strong domestic demand, export may benefit from recovery in EU Consumption, wage & employment growth Consumption growth 4.6 Real wage growth (e) 2016 (e) Export and import growth Export of goods Import of goods (e) 2016 (e) Unemployment rate (ILO 1 definition, end year) Unemployment rate (ILO definition, %, year-end) Employment growth in corporate sector (%YoY) (e) 2016 (e) Balance of payments (% of GDP) Current account balance Trade balance (e) 2016 (e) Source: The National Bank of Poland, Central Statistical Office and estimates by Santander Research (8 April 2015); 1 ILO: International Labour Organisation
6 Financial system: Loan and deposit growth 6 Financial system with stable growth rates PLNbn. Total loans Loan growth driven mainly by credit for investment (11%YoY), consumption (4%YoY) and mortgages (+10%YoY) YoY (%) 4.7% 4.4% 5.2% 6.9% 7.0% Loans expected to grow by ca. 7% in 2015 Mar.14 Jun.14 Sep.14 Dec.14 Feb.15 Total deposits Deposits are growing despite low interest rate environment and a shift of deposits to mutual funds YoY (%) 4.7% 5.5% 7.4% 8.1% 8.0% Deposits expected to grow by 8% in 2015 Mar.14 Jun.14 Sep.14 Dec.14 Feb.15 Source: The National Bank of Poland
7 Agenda 7 Macro-economic environment and financial system Strategy and business Results Appendix
8 Our Franchise Bank Zachodni WBK: The number 3 bank in Poland 8 BZ WBK Branches EUR March'15 Var. YoY Business and Results Gdańsk Pomorskie 17 7 Zachodnio- Warmińsko- Pomorskie Mazurskie Szczecin Poznań Kujawsko- Pomorskie Mazowieckie Podlaskie Łódź Warsaw Lubuskie Wielkopolskie Lublin Wroclaw Dolnośląskie Łódzkie Opolskie Częstochowa 9 Lubelskie Świętokrzyskie Śląskie Kraków 20 5 Podkarpackie 55 8 Małopolskie BZ WBK Branches: 784 BZ WBK Partner Outlets: 116 Gross loans 19.2 bn. 7% Deposits 20.5 bn. 7% Total customer funds 24.3 bn. 7% Consolidated profit 123 mill. 7% Attributable profit 90 mill. 6% Network and Customers Customers 4,4m Branches 784 ATMs 1,362 Market Share * Loans 8.76% Deposits 8.91% Market share as of month March 2015 and including Santander Consumer Business (SCB) in Poland
9 Commercial focus / strategy 9 Total deposits Active deposit management Demand deposits +27% YoY Saving accounts +4% YoY M'14 D'14 M'15 Gross loans Improving loan mix Total gross loans + 7% YoY M'14 D'14 M'15 LTD ratio Strong liquidity 89% 84% 89% Strong liquidity position M'14 D'14 M'15 Constant EUR billion * As of March 31, 2015
10 Commercial focus / strategy 10 Cash loans (gross) Cash loans Cash loan new production + 6% YoY M'14 D'14 M'15 Mortgage loans (gross) Mortgage loans Mortgage new production + 47% YoY M'14 D'14 M'15 SME (gross) SME loans SME loan new production + 26% YoY M'14 D14 M'15 Constant EUR billion * As of March 31, 2015
11 Loan performance 11 Constant EUR billion* Total Gross Loan portfolio +7% YoY and 3% QoQ, driven by Cash loans, Mortgages, SME s and Large corporates Total gross loans +7% Mar'15 YoY (%) QoQ (%) Individuals 9,1 7% 4% Mortgage 7,0 8% 5% Cash loans 1,5 9% 2% Other personal 0,5-2% -2% Companies 10,1 6% 2% SME 2,7 11% 6% Corporate 4,2 9% 2% Property 1,7-11% 0% M'14 J'14 S'14 D'14 M'15 GBM 1,5 14% 0% Total Gross Loans 19,2 7% 3% * As of March 31, 2015
12 Total customer funds 12 Deposit growth +7% YoY Constant EUR billion* Total deposits Mar' 15 YoY (%) QoQ (%) % Demand 11,6 10% 1% Time 8,8 3% -7% Total customer deposits 20,5 7% -3% Mutual funds 3,8 8% 6% M'14 J'14 S'14 D'14 M'15 Total customer funds 24,3 7% -1% * As of March 31, 2015
13 Agenda 13 Macro-economic environment and financial system Strategy and business Results Appendix
14 Net Interest Income and Spreads 14 Close management of NII in low interest rate environment Constant EUR million* Loan spreads, % Net Interest Income Retail Banking Q14 2Q14 3Q14 4Q14 1Q15 Deposit spreads, % 1Q14 2Q 14 3Q14 4Q14 1Q15 Retail Banking Net interest margin 1 (%) Q14 2Q14 3Q14 4Q14 1Q15 *At average exchange rate as of March 2015 (1) Local criteria, including SWAP points
15 Net Fees 15 Constant EUR million* Fee generation impacted by reduced Interchange fees in 1Q 15 Net Fees -8% Q 15 1Q 14 YoY (%) QoQ (%) Cards % -18% Customer % -9% Loan + Insurance % 15% Capital market fees % -18% Other % -2% Total % -7% 1Q14 2Q 14 3Q14 4Q14 1Q15 *At average exchange rate as of March 2015 Capital market fees include Investment Funds fees (distribution and management), Brokerage Fees and Issue Arrangement fees
16 Gross income Gross income +2% YoY. Impacted by lower interest rates and tougher regulations 16 Constant EUR million* Gross income 1Q 15 1Q 14 YoY (%) QoQ (%) Net Interest Income % -2% Net Fees % -7% Subtotal % -4% 1Q14 2Q14 3Q14 4Q14 1Q15 Gains/losses on financial transactions % 12% Other (4) 6 n.s. n.s. Gross Income % -4% (*) At average exchange rate as of March 2015
17 Operating expenses 17 Costs under tight control. Qtr 1 increase driven by approved long term performance plan approved Constant EUR million* Operating expenses 1Q 15 1Q 14 YoY (%) QoQ (%) General and administrative expenses (137) (134) 2% 4% Depreciation and amortisation (12) (12) 1% -5% Operating expenses (149) (146) 2% 4% Efficiency ratio (with amortisations) 43.8% 43.8% -0.0 pp +1.6 pp 1Q14 2Q14 3Q14 4Q14 1Q15 Number of branches Number of employees 11,896 12, * At average exchange rate as of March 2015
18 Net operating income after loan-loss provisions (LLPs) 18 Constant EUR million* Stable credit quality with room for improvement going forward LLPs and Cost of credit 1Q 15 1Q 14 YoY (%) QoQ (%) Cost of credit 0.98% 0.92% 0.95% 1.04% 1.00% Net Operating Income % -9% LLPs (39) (43) -9% -31% Net loan-loss provisions Q14 2Q14 3Q14 4Q14 1Q15 Net operating income after LLPs % -1% NPL ratio 7.33% 7.35% NPL Coverage ratio 62% 65% (*) At average exchange rate as of March 2015
19 Attributable profit 19 Attributable profit growth +6% YoY Constant EUR million* Attributable profit 1Q 15 1Q 14 YoY (%) QoQ (%) Profit before taxes % -14% Tax on profit (28) (27) 5% -42% Net income % -3% Attributable profit % -4% Effective tax rate 18,4% 18,7% 1Q14 2Q14 3Q14 4Q14 1Q15 (*) At average exchange rate as of March 2015
20 Conclusions Market Environment & Financial System Economic growth slowed slightly in 2H14, but remained above 3%YoY. It is expected that GDP growth should accelerate in H1,15, amid persistently strong domestic demand (supported by lower interest rates and low commodity prices) and reviving economic activity in the euro zone. Labour market booming, with number of employed increasing by 2% (0.3m) in 2014 and by 20% (2.7m) since EU accession, to 16 million. Unemployment steadily converging towards all-time low. Inflation likely to stay below zero until 4Q15, but it has probably hit the bottom in February and should gradually rebound in the following months. Central bank declared the end of easing cycle and that it is monitoring the Euro / PLN exchange. 20 Strategy & Business Business strategy is focused on gathering new customers through the development of our multi-channel approach and increasing loans and related fee income from the Consumer, SME, Leasing, Factoring, Business & Corporate and GBM segments. Sales efforts supported by marketing campaign for new and existing products. Increasing level of customer activity and related income offset by macro / regulatory issues low interest rates and increasing regulatory costs. Close management of Net Interest Income in low interest rate environment. Results Fees lower YoY due to the regulation of interchange fees since mid Costs under tight control, Qtr 1 increase driven by remuneration plan approved. Stable credit quality with room for improvement going forward. Year-on-year profit rise of 6% due to lower provisions and control of costs.
21 Agenda 21 Macro-economic environment and financial system Strategy and business Results Appendix
22 Balance Sheet Poland 22 EUR million. Constant currency* Variation Amount % Loans and credits* ,1 Trading portfolio (w/o loans) ,3 Available-for-sale financial assets ,3 Due from credit institutions* (59) (4,6) Intangible assets and property and equipment ,7 Other assets (166) (7,1) Total assets/liabilities & shareholders' equity ,8 Customer deposits* ,7 Marketable debt securities* ,4 Subordinated debt ,7 Insurance liabilities 82 (82) (100,0) Due to credit institutions* (997) (44,0) Other liabilities ,7 Stockholders' equity** ,1 Off-balance-sheet funds ,1 Mutual funds ,1 Pension funds Managed portfolios ,1 Customer funds under management ,5 * As of * Includes all stock of concept classified in the balance sheet ** Capital + reserves + retained profit + valuation adjustments
23 Income Statement Poland 23 EUR million. Constant currency* Variation 1Q 15 1Q 14 Amount % Net interest income (16) (7,8) Net fees (9) (8,4) Gains (losses) on financial transactions ,9 Other operating income** (4) 6 (10) Gross income ,0 Operating expenses (149) (146) (3) 2,0 General administrative expenses (137) (134) (3) 2,1 Personnel (81) (77) (4) 5,5 Other general administrative expenses (56) (58) 1 (2,4) Depreciation and amortisation (12) (12) (0) 0,7 Net operating income ,0 Net loan-loss provisions (39) (43) 4 (8,8) Other income (1) (3) 2 (71,3) Profit before taxes ,8 Tax on profit (28) (27) (1) 4,9 Profit from continuing operations ,2 Net profit from discontinued operations Consolidated profit ,2 Minority interests ,7 Attributable profit to the Group ,3 * As of exchange rate 1Q'15 ** Including dividends, income from equity-accounted method and other operating income/expenses
24 Quarterly statement of income Poland 24 EUR million. Constant currency* 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 Net interest income Net fees Gains (losses) on financial transactions Other operating income** (4) Gross income Operating expenses (146) (147) (143) (144) (149) General administrative expenses (134) (135) (131) (131) (137) Personnel (77) (76) (76) (80) (81) Other general administrative expenses (58) (59) (54) (52) (56) Depreciation and amortisation (12) (12) (12) (13) (12) Net operating income Net loan-loss provisions (43) (42) (44) (57) (39) Other income (3) (16) 8 22 (1) Profit before taxes Tax on profit (27) (27) (33) (48) (28) Profit from continuing operations Net profit from discontinued operations Consolidated profit Minority interests Attributable profit to the Group * As of exchange rate 1Q'15 ** Including dividends, income from equity-accounted method and other operating income/expenses
25 25
Poland. First Half of July 30, 2015
1 Poland First Half of 2015 July 30, 2015 Disclaimer 2 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found
More informationPoland. January - September October 29, 2015
1 Poland January - September 2015 October 29, 2015 Disclaimer 2 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are
More informationPoland. First Quarter April 29, 2014
1 Poland First Quarter 2014 April 29, 2014 Disclaimer 2 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found
More information27 January 2016 POLAND. January December 2015
27 January 2016 POLAND January December 2015 Disclaimer Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found
More information27 April 2016 POLAND. January March 2016
27 April 2016 POLAND January March 2016 Disclaimer Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in various
More information26 October 2016 POLAND. January September 2016
26 October 2016 POLAND January September 2016 Disclaimer Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found
More informationMexico. First Half July 30, 2015
1 Mexico First Half 2015 July 30, 2015 Disclaimer 2 IMPORTANT INFORMATION Banco Santander, S.A. ( Santander ) Warns that this presentation contains forward-looking statements within the meaning of the
More information26 October 2017 POLAND. January September 2017
26 October 2017 POLAND January September 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Bank Zachodni WBK, S.A. ( BZ WBK ) caution that this presentation contains statements that constitute
More informationBZWBK Group. Results 1H12. July 26 th, 2012
1 BZWBK Group Results 1H12 July 26 th, 2012 2 This presentation as regards the forward looking statements is exclusively informational in nature and cannot be treated as an offering or recommendation to
More information24 April Poland. Q1'18 Earnings Presentation
24 April 2018 Poland Q1'18 Earnings Presentation Disclaimer Banco Santander. S.A. ("Santander") and Banco Bank Zachodni WBK. S.A. ( BZ WBK ) caution that this presentation contains statements that constitute
More information31 October Poland. 9M'18 Earnings Presentation
31 October 2018 Poland 9M'18 Earnings Presentation Disclaimer Banco Santander. S.A. ("Santander") and Banco Bank Zachodni WBK. S.A. ( BZ WBK ) caution that this presentation contains statements that constitute
More informationMexico. First Quarter April 29, 2014
1 Mexico First Quarter 2014 April 29, 2014 Disclaimer 2 IMPORTANT INFORMATION Banco Santander, S.A. ( Santander ) Warns that this presentation contains forward-looking statements within the meaning of
More informationBZWBK Group. Results 1Q12. April 26 th, 2012
BZWBK Group Results 1Q12 April 26 th, 2012 2 This presentation as regards the forward looking statements is exclusively informational in nature and cannot be treated as an offering or recommendation to
More informationBrazil. January September November 4 th, 2014
1 Brazil January September 2014 November 4 th, 2014 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private
More information24 April Portugal. Q1'18 Earnings Presentation
24 April 2018 Portugal Q1'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the
More information26 th April 2017 PORTUGAL. January March 2017
26 th April 2017 PORTUGAL January March 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private Securities
More informationSANTANDER CONSUMER FINANCE
27 April 2016 SANTANDER CONSUMER FINANCE January March 2016 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements
More informationAcquisition of 60% of Santander Consumer Bank S.A. 10th April 2014
Acquisition of 60% of Santander Consumer Bank S.A. 10th April 2014 1 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements
More information31 January 2017 POLAND. January December 2017
31 January 2017 POLAND January December 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Bank Zachodni WBK, S.A. ( BZ WBK ) caution that this presentation contains statements that constitute
More informationBrazil. Results 1H13. July 30 th, 2013
Brazil Results 1H13 July 30 th, 2013 Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private Securities
More information31 October Chile. 9M'18 Earnings Presentation
31 October 2018 Chile 9M'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Chile caution that this presentation contains statements that constitute forward-looking
More information26 October 2016 MEXICO. January September 2016
26 October 2016 MEXICO January September 2016 Disclaimer IMPORTANT INFORMATION Banco Santander, S.A. ( Santander ) Warns that this presentation contains forward-looking statements within the meaning of
More informationPortugal Q Portugal. Lisbon, April 26th 2012
Q1 2012 Lisbon, April 26th 2012 Disclaimer 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private Securities Litigation
More informationBrazil. Results January 30 th, 2014
Brazil Results 2013 January 30 th, 2014 Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private
More information24 April Spain. Q1'18 Earnings Presentation
24 April 2018 Spain Q1'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the
More information26 October 2016 BRAZIL. January September 2016
26 October 2016 BRAZIL January September 2016 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private Securities
More information27 July 2016 MEXICO. First half 2016
27 July 2016 MEXICO First half 2016 Disclaimer IMPORTANT INFORMATION Banco Santander, S.A. ( Santander ) Warns that this presentation contains forward-looking statements within the meaning of the U.S.
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 information27 April 2016 MEXICO. January March 2016
27 April 2016 MEXICO January March 2016 Disclaimer IMPORTANT INFORMATION Banco Santander, S.A. ( Santander ) Warns that this presentation contains forward-looking statements within the meaning of the U.S.
More informationPortugal Q Portugal. Lisbon, July 27th 2011
Q2 2011 Lisbon, July 27th 2011 Disclaimer 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private Securities Litigation
More information31 October Argentina. 9M'18 Earnings Presentation
31 October 2018 Argentina 9M'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Rio, S.A. caution that this presentation contains statements that constitute forward-looking
More informationSantander Consumer Finance
25 July 2018 Santander Consumer Finance H1'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking
More information27 January 2016 CHILE. January December 2015
27 January 2016 CHILE January December 2015 Disclaimer Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation
More informationSantander Consumer Finance
24 April 2018 Santander Consumer Finance Q1'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking
More information28 July 2017 SPAIN. First half 2017
28 July 2017 SPAIN First half 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning of the
More information28 July 2017 PORTUGAL. First half 2017
28 July 2017 PORTUGAL First half 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning of
More information30 January Portugal Earnings Presentation
30 January 2019 Portugal 2018 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within
More informationPortugal. Lisbon, July 30th 2013
Lisbon, July 30th 2013 Disclaimer 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private Securities Litigation Reform
More information25 th January 2017 CHILE. January December 2016
25 th January 2017 CHILE January December 2016 Disclaimer Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation
More information24 April United Kingdom. Q1'18 Earnings Presentation
24 April 2018 United Kingdom Q1'18 Earnings Presentation Disclaimer Santander UK Group Holdings and Banco Santander, S.A. ("Santander") both caution that this presentation contains statements that constitute
More informationSantander Consumer Finance
30 January 2019 Santander Consumer Finance 2018 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking
More information26 October 2017 CHILE. January - September 2017
26 October 2017 CHILE January - September 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Chile caution that this presentation contains statements that constitute forward-looking
More informationChile. 3Q09 Results. Boadilla, October 2009
3Q09 Results Boadilla, October 2009 Important Information 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private
More information26 October 2017 ARGENTINA. January - September 2017
26 October 2017 ARGENTINA January - September 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Rio, S.A. caution that this presentation contains statements that constitute forward-looking
More information31 January 2018 BRAZIL. January December 2017
31 January 2018 BRAZIL January December 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning
More information31 January 2018 PORTUGAL. January December 2017
31 January 2018 PORTUGAL January December 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning
More information24 April Mexico. Q1'18 Earnings Presentation
24 April 2018 Mexico Q1'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the
More information28 July 2017 ARGENTINA. First half 2017
28 July 2017 ARGENTINA First half 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Rio, S.A. caution that this presentation contains statements that constitute forward-looking statements
More informationArgentina 3M13 Results. Buenos Aires, April 25 th 2013
Argentina 3M13 Results Buenos Aires, April 25 th 2013 Important Information 2 IMPORTANT INFORMATION Banco Santander, S.A. ("Santander") and Banco Santander Río S.A. caution that this presentation contains
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 information31 January 2018 ARGENTINA. January - December 2017
31 January 2018 ARGENTINA January - December 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Rio, S.A. caution that this presentation contains statements that constitute forward-looking
More informationSANTANDER CONSUMER FINANCE
26 th April 2017 SANTANDER CONSUMER FINANCE January March 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking
More informationSantander US 3Q 2012 Results. October 2012
Santander US 3Q 2012 Results October 2012 Disclaimer Banco Santander, S.A. and its affiliates ("Santander") caution that this presentation contains forward-looking statements within the meaning of the
More information31 October Spain. 9M'18 Earnings Presentation
31 October 2018 Spain 9M'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the
More information26 th April 2017 ARGENTINA. January - March 2017
26 th April 2017 ARGENTINA January - March 2017 Disclaimer IMPORTANT INFORMATION Banco Santander, S.A. ("Santander") and Banco Santander Río S.A. caution that this presentation contains forward-looking
More information26 October 2017 MEXICO. January September 2017
26 October 2017 MEXICO January September 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning
More information31 January 2018 SPAIN. January - December 2017
31 January 2018 SPAIN January - December 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning
More informationChile. 2Q09 Results. Boadilla, July 2009
2Q09 Results Boadilla, July 2009 Important Information 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private Securities
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 information28 July 2017 BRAZIL. First half 2017
28 July 2017 BRAZIL First half 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning of the
More information25 July Mexico. H1'18 Earnings Presentation
25 July 2018 Mexico H1'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the
More informationSANTANDER CONSUMER FINANCE
26 October 2017 SANTANDER CONSUMER FINANCE January - September 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements
More information30 January Mexico Earnings Presentation
30 January 2019 Mexico 2018 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the
More informationSovereign Second Quarter 2011 Results
Sovereign Second Quarter 2011 Results Disclaimer 2 Banco Santander, S.A. ("Santander") and Santander Holdings USA, Inc. ( SHUSA ) caution that this presentation contains forward-looking statements within
More informationUnited Kingdom. January - September October, 2015
United Kingdom January - September 205 29 October, 205 Disclaimer 2 Santander UK Group Holdings plc ( Santander UK Group Holdings ) is a subsidiary of Banco Santander, S.A. ( Santander ). Santander UK
More informationBANK ZACHODNI WBK GROUP 1H 2018 RESULTS 25 JULY 2018
BANK ZACHODNI WBK GROUP 1H 2018 RESULTS 25 JULY 2018 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in
More information25 July Spain. H1'18 Earnings Presentation
25 July 2018 Spain H1'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning
More information31 October Santander US. 9M'18 Earnings Presentation
31 October 2018 Santander US 9M'18 Earnings Presentation Disclaimer Banco Santander, S.A. and its affiliates ("Santander") cautions that this presentation contains statements that constitute forward-looking
More information28 July 2017 SANTANDER US. First half 2017
28 July 2017 SANTANDER US First half 2017 Disclaimer Banco Santander, S.A. and its affiliates ("Santander") cautions that this presentation contains statements that constitute forward-looking statements
More information25 July Santander US. H1'18 Earnings Presentation
25 July 2018 Santander US H1'18 Earnings Presentation Disclaimer Banco Santander, S.A. and its affiliates ("Santander") cautions that this presentation contains statements that constitute forward-looking
More information26 th April 2017 MEXICO. January March 2017
26 th April 2017 MEXICO January March 2017 Disclaimer IMPORTANT INFORMATION Banco Santander, S.A. ( Santander ) Warns that this presentation contains forward-looking statements within the meaning of the
More information24 April Santander US. Q1'18 Earnings Presentation
24 April 2018 Santander US Q1'18 Earnings Presentation Disclaimer Banco Santander, S.A. and its affiliates ("Santander") cautions that this presentation contains statements that constitute forward-looking
More informationBanco Santander Chile. Results 2Q13. Chile. Santiago, July 30, 2013
0 Banco Santander Results 2Q13 Santiago, July 30, 2013 Important information 1 Banco Santander caution that this presentation contains forward looking statements within the meaning of the US Private Securities
More information27 January 2016 SANTANDER US. January December 2015
27 January 2016 SANTANDER US January December 2015 Disclaimer Banco Santander, S.A. and its affiliates ("Santander") caution that this presentation contains forward-looking statements within the meaning
More informationSovereign Bancorp, Inc. Third Quarter 2009 Results. Boston, October 28, 2009
Sovereign Bancorp, Inc. Third Quarter 2009 Results Boston, October 28, 2009 Disclaimer 2 Banco Santander, S.A. ("Santander") and Sovereign Bancorp, Inc. ( Sovereign ) caution that this presentation contains
More informationFinancial Division Research, Strategic Planning and Investor Relations May Portugal. Q1'18 Earnings Presentation
Financial Division Research, Strategic Planning and Investor Relations May 2018 Portugal Q1'18 Earnings Presentation Disclaimer Santander Totta SGPS, S.A. ( Santander Totta ) cautions that this presentation
More informationBanco Santander Chile. Results 3Q13. Chile. Santiago, October 24, 2013
0 Banco Santander Results 3Q13 Santiago, October 24, 2013 Important information 1 Banco Santander caution that this presentation contains forward looking statements within the meaning of the US Private
More informationFinancial Results for 1Q08
Financial Results for 1Q2008 Kick-Start of Business Rebuilding Warsaw, May 9, 2008 Page 1 Executive summary Macroeconomic situation financial results Appendices Loan book overview Business development
More information26 October 2017 UNITED KINGDOM. January September 2017
26 October 2017 UNITED KINGDOM January September 2017 Disclaimer Santander UK Group Holdings and Banco Santander, S.A. ("Santander") both caution that this presentation contains statements that constitute
More informationSantander: United Kingdom
Santander: United Kingdom First Half 2010 London, 29 th July 2010 Disclaimer 2 Santander UK plc ( Santander UK ) and Banco Santander, S.A. ("Santander") both caution that this presentation contains forward-looking
More informationSantander Consumer Finance. October 2015
Santander Consumer Finance October 2015 1 Santander Consumer Finance S.A. ( Santander Consumer Finance ) and Banco Santander, S.A. ("Santander") both caution that this presentation contains forwardlooking
More information26 th April 2017 SANTANDER US. January March 2017
26 th April 2017 SANTANDER US January March 2017 Disclaimer Banco Santander, S.A. and its affiliates ("Santander") caution that this presentation contains forward-looking statements within the meaning
More informationBrazil. Results 1Q10. April 29 th, 2010
Brazil Results 1Q10 April 29 th, 2010 Important information 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private
More information31 st January 2018 UNITED KINGDOM. January December 2017
31 st January 2018 UNITED KINGDOM January December 2017 Disclaimer Santander UK Group Holdings and Banco Santander, S.A. ("Santander") both caution that this presentation contains statements that constitute
More informationBANK ZACHODNI WBK GROUP 1-3Q 2017 RESULTS 26TH OCTOBER 2017
BANK ZACHODNI WBK GROUP 1-3Q 2017 RESULTS 26TH OCTOBER 2017 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found
More informationIntroduction to mbank Group The most successful organic growth story in Poland
Introduction to mbank Group The most successful organic growth story in Poland August 2018 mbank Group in a snapshot General description Key financial data (PLN M) Set up in 1986, mbank (originally BRE
More informationMexico. February 3, 2015
1 Mexico 2014 February 3, 2015 Disclaier 2 IMPORTANT INFORMATION Banco Santander, S.A. ( Santander ) Warns that this presentation contains forward-looking stateents within the eaning of the U.S. Private
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 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 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 informationResults of mbank Group Q1-Q4 2017
Results of mbank Group Q1-Q4 2017 Record high total revenues. Strong organic growth continues. Management Board of mbank S.A. Investor Presentation February 8, 2018 Disclaimer This presentation has been
More informationASSETS
(a joint-stock company with its registered office in Warsaw, address: Al. Armii Ludowej 26, 00-609 Warsaw, registered in the Register of Entrepreneurs of the National Court Register under entry No. KRS
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 informationThe following new table shall be added under the Selected financial data of the Issuer (PLN 000) table:
(a joint-stock company with its registered office in Warsaw, address: Al. Armii Ludowej 26, 00-609 Warsaw, registered in the Register of Entrepreneurs of the National Court Register under entry No. KRS
More informationResults of mbank Group Q2 2017
Results of mbank Group Q2 2017 Core income kept strong, solid fundamentals for further business growth Management Board of mbank S.A. Investor Presentation July 27, 2017 Key highlights of Q2 2017 Historically
More informationEUROPEAN COMMISSION. Brussels, 13.IX.2006 C(2006) State aid N 531/06 Poland Regional aid map Sir, 1. PROCEDURE
EUROPEAN COMMISSION Brussels, 13.IX.2006 C(2006) 4010 PUBLIC VERSION WORKING LANGUAGE This document is made available for information purposes only. Subject: State aid N 531/06 Poland Regional aid map
More informationHector Grisi. Country Head Mexico. Helping people and businesses prosper
Hector Grisi Country Head Mexico Helping people and businesses prosper Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements
More informationAcquisition of Core Deutsche Bank Polska & DB Securities S.A. 14 December 2017
Acquisition of Core Deutsche Bank Polska & DB Securities S.A. 14 December 2017 Disclaimer This presentation (the Presentation ) has been prepared by Bank Zachodni WBK S.A. ( ) solely for information purposes
More informationResults of mbank Group Q1 2017
Results of mbank Group Q1 2017 Promising start to the year with strong operating results Management Board of mbank S.A. Investor Presentation April 27, 2017 Key highlights of Q1 2017 Core income of PLN
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 information