Banca IFIS Group · 8 Receivables due from customers LFL Incidence of impaired assets / Total...
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1 1 Banca IFIS Group
Transcript of Banca IFIS Group · 8 Receivables due from customers LFL Incidence of impaired assets / Total...
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Banca IFIS Group
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Highlights
Net Profit: 37,7 Million euro (+188,6%)
Equity: 257,7 Million euro
30 June 2012 (196,3 31/12/2011)
Funding: 6.654,5 Million euro
30 June2012 (+81,9%)
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Net Banking Income
107,3 (51,0 million in 1H 2011)
+110,3% = change 1H 2012 vs 1H 2011
Sectors’ contribution: Trade Receivables: 47,8 NPL: 10,1 Tax Receivables: 1,1 Governance and Services: 48,3
(million euro)
KPI Trade Receivables Segment
1 H 2012
1 H 2011
Net banking income/ Turnover
1,9%
1,5%
Over the half year, focus was strongly on small enterprises.
1.574 1.566
2.343 2.470 2.485
-
500
1.000
1.500
2.000
2.500
3.000
Jun-08 Jun-09 Jun-10 Jun-11 Jun-12
Turnover
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Net Result of Financial Operations
92,5 (39,6 mn in 1H 2011)
+133,6% = change 1H 2012 vs 1H 2011
Sectors’ contribution: Trade Receivables: 35,7 NPL: 10,0 Tax Receivables: 1,1 Governance and Services: 45,7
(million euro)
Group KPI 1 H 2012
1 H 2011
Cost of credit quality
2,0% 1,9%
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Net Profit
37,7 (13,0 in 1H 2011)
+188,6% = change 1H 2012 vs 1H 2011
(million euro)
Group KPI 1 H 2012
1 H 2011
Cost of credit quality 2,0% 1,9%
Cost/ income ratio 32,3% 39,2%
Tax rate 34,9% 30,7%
107,3
14,9
34,7
20,1
37,7
-
20,0
40,0
60,0
80,0
100,0
120,0
Net Banking Income Provisions SGA Taxes Net Profit
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Balance Sheet – Asset Structure
LOANS to customers
2.186,4 million euro
+26,9% change 1H 2012 vs 2011
DUE from banks
342,3 million euro
+8,4% change 1H 2012 vs 2011
Assets available for sale (AFS+ HTM)
4.319,6 million euro
+156,3 % change 1H 2012 vs 2011 Portfolio of securities held 4.364,8 million euro
1.844 1.859 1.723
1.868
2.186
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500
1.000
1.500
2.000
2.500
Jun-11 Sep-11 Dec-11 Mar-12 Jun-12
Loans to customers
(million euro)
62%
31%
5% 2%
Main asset categories
Financial assets Loans to customers
Due from banks Other assets
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Receivables due from customers
RECEIVABLES due from customers
(Total loans) 2.186,4 million euro
Incidence of impaired assets / Total receivables = 17,4% vs 16,1%
Incidence of net NPL/ Total net receivables =
3,4% vs 4,3%
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50
100
150
200
250
300
350
400
NPL Substandard Rescheduled Past Due Total
74
158
4
42
278
75
168
3
134
380
Credit quality assets
31/12/2011 30/06/2012
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Receivables due from customers LFL
Incidence of impaired assets / Total receivables = 15,9% vs 12,4%
Incidence of net NPL/ Total net receivables =
3,7% vs 4,3%
0
50
100
150
200
250
300
NPL Substandard Rescheduled Past Due Total
66 79
4
42
191
67 84
3
134
288
Credit quality assets commercial trade receivables segment
31/12/2011 30/06/2012
New Bank of Italy std to identify past due: 90 days vs 180 days
TRADE RECEIVABLES due from customers
(Total loans) 1.807,4 million euro
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Bonds Portfolio
Debt securities classified under: 31/12/2011 30/06/2012 % change
Available for sale financial assets 1.671 1.348 -19,3%
Held to maturity financial assets - 2.959
Receivables due from banks - bonds 111 58 -47,3%
Held for trading financial assets 0 0 -37,8%
Total securities held 1.782 4.365 145,0%
Breakdown up to 3 months between 3 and 6 months between 6 and 12 months between 1 and 5 months between 1 and 5 months
by maturity
Total 334 646 699 2.614 71
% on total 8% 15% 16% 60% 2%
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Balance Sheet – Funding structure
rendimax – Savings account
2.441,4 million euro
+56,9% increase 1H 2012 vs 2011
Total funding:
6.654,5
million euro
Wholesale funding
3.570,7 million euro repurchase agreements
underlying government bonds with Cassa di
Compensazione e Garanzia as the counterpart
Wholesale funding
582,8 million euro payables due to banks
-70,9% vs 2011 8,8%
91,2%
Total Funding
Deb. vs banche Deb. vs clientelaDue to banks Due to customers
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1H 2012 Highlights
Daily and steady success of rendimax, with a high increase in funding. SMEs and PA: 12% rise in number of small enterprises financed. NPL: focus on reinforcing and improving the efficiency of processes, resources and tools, which will boost further profits. Important acquisition of new NPL portfolios (+ 600 million euro nominal amount of receivables managed upto 3.071 million at end of June). Tax receivables arising from insolvency proceedings: reinforced its leadership through a business strategy aimed at maximising the synergies of the Group. Italian Government Bonds portfolio: strenghtening of equity without dipping into the financial resources needed to support enterprises. Record profitability : Solvency: 11,9% and Core Tier 1: 12,1%
Funding
Lending
Profitability
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Work in Progress
The online current account of Banca IFIS will be available within 2012. Following the 12.000 responses obtained from surveys made on the social networks, the Banca IFIS team is now working on the creation of the new account. contomax will be free, high yeild, easy to use, and secure.
The features of contomax will be revealed in the next few weeks, together with the launch of a dedicated website and a contest for street artists in order to find the best graphics to use for Contomax
