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FIBI

FIBI. FIRST INTERNATIONAL BANK OF ISRAEL. O verview 3 0 . 06 .1 4. Net Profit and ROE (NIS Millions). 8.8%. ROE. 141 NIS Millions. 9.7%*. 9.2%. 6,866. 6,651. 6,840. 6,607. Average capital. 2.8%+. 3.9%+. 7%. equity capital (tier 1) to risk components ratio. 10.00%.

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FIBI

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  1. FIBI FIRST INTERNATIONAL BANK OF ISRAEL • Overview 30.06.14

  2. Net Profit and ROE (NIS Millions) 8.8% ROE 141 NIS Millions 9.7%* 9.2% 6,866 6,651 6,840 6,607 Average capital 2.8%+ 3.9%+ 7% equity capital (tier 1) to risk components ratio 10.00% * Assuming equity capital (tier 1) to risk components ratio (9.35%) in the Israeli banking industry average (Other 4 leading Banks) as of 30.06.14, the ROE is 8.9% in H1.2014 and in Q2.2014 10.3%. ** The Net profit includes annual amortization of 52 NIS Millions, reflecting an 0.8% reduction on the ROE.

  3. Statements of income H1/2014 – H1/2013 ((NIS Millions (*) Equity capital (tier 1) ratio is 10.11% on 31.12.13.

  4. Income from Financing Activities (before Tax) (H1/2014 - H1/2013 (NIS Millions

  5. Statements of income Q2/2014 – Q2/2013 (NIS Millions)

  6. Operating & Other Expenses(NIS Millions) 1-6/2014 1-6/2013 Without the increase in commissions paid in relation to capital market operations Expenses rate increases only by 0.1% 0.4% 16 6 1 8- 3 * VAT increase resulted in an increase in expenses of about 11 NIS million * Including amortization of 26 NIS Millions in H1/14.

  7. Consolidated Operational Efficiency Ratio Total Operating Expenses to Total Income Total Operating Expenses / Total Income (Before Expenses for credit losses) % Total Income Total Operating Expenses Total Operating Expenses / Total Income (After Expenses for credit losses) % 74.0% 75.3% 73.1% 75.1% 74.9% 74.9% 73.2% 72.6% 7

  8. FIBI Strategic Assets & Liabilities Structure (NIS Billions) 30.06.14 31.12.13 FIBI StrategicAssets & Liabilitiescomposite (*) 30.06.14(NIS Billions) Public Deposits 90.7 Credit to the Public 67.8 14.78% 14.78% capital to risk assets Total ratio 10.11% equity capital (tier 1) to risk components ratio 10.00% Deposits to Credit Ratio 129.7% 133.7% 38.4% 39.2% Liquid Assets to Deposits Ratio State of Israel Bonds 8.0 Bank of Israel Deposits 23.3 Gov. & Bank Bonds 2.0 Corporate Bonds(foreign & Israel currency) 0.9 capital available for Investments to investment capital Ratio 28.2% 30.9% Structures, Hedge funds &Stocks 0.6 Capital Notes 5.6 Market risk in VAR(0.03) CapitalAvailableforInvestment 5.1 (*) illustration – not to scale

  9. Statement Of Changes in Equity H1/2014((NIS Millions Equity capital (tier 1) ratio (Basel III, 30/6/14) is 10.00%, compared to -10.11% (31.12.13) following dividend distribution. The Highest dividend yield in the Israeli banking system Dividend yield of 3.5% in 2013, and 4% in 2014.

  10. Credit to the Public by segments(NIS Millions) (19%) (23%) (33%) (25%) () – 30.6.13

  11. Expenses for Credit Losses to Credit to thePublic Ratio Provisions for Credit losses 2007-H1/2014 * *In Q1/2013 the Bank has implemented a one time regulatory provision on its mortgage portfolio in order to set the expenses for credit losses ratio to 0.35% of the mortgage credit balance (24 NIS million). Excluding this one time provision, the group’s ratio in 2013 was 0.11%.

  12. Deposits from the Public breakdown by segments ((NIS Millions (13%) (60%) (27%) () – 30.6.13

  13. Continued growth in client assets portfolio (deposits and securities) - average balances(NIS Billions) 325 286 39 31 8 14% 9% 15%

  14. Equity capital (tier 1) ratio * ** Minimal Regulatory Requirement For HAPOALIM & LEUMI * 14.30% Minimal Regulatory requirement 14.57% 13.42% 13.42% * * Gap -0.47 0.66- % * -1.3 ** -0.65 * -1.3 ** % %

  15. FIBI is demonstrating relative strength in main financial ratios Q2/2014 Total operating expenses / Revenue (before credit losses expenses) NPL-Provision for credit losses to total impaired credit (without mortgages) equity capital (tier 1) to risk components ratio Deposits from the public to credit to the public Expenses for credit losses to credit to the public* Dividend yield (according to 14.8.14)* 10.00% 133.7% 90.6% 73.1% ***4.0% (0.04%) 1 3 2 1 1 9.53% 106.7% 62.2% 53.2% 1.56% (0.00%) 2 2 4 4 5 - (0.03%) 79.7% 67.4% 9.34% 114.5% 3 3 3 4 2 - (0.12%) 9.20% 126.2% 86.9% 62.9% 2 4 5 4 1 0.87% 0.06% 5 5 5 9.00% 103.3% 59.0% 66.7% 1 3 - ((0.02% Other 4 leading Banks Average 9.35% 111.5% 72.0% 60.4% .*In annual terms ** Calculated only on the balance sheet credit. *** Including dividend paid on the last 12 months. 15

  16. Subsidiaries net profit

  17. Highlights for the first half of 2014 Net profit Substantial Macro & Accounting effects H1/2014 Income from interest & inflation • Net profit of 280 NIS million and ROE of 8.3% (Assuming adjustment of equity capital (tier 1) to risk components ratio to the Israeli banking industry average, the ROE is 8.7%) • The Interest income was influenced by a decline in the bank of Israel interest rate in the period (0.82%) and an effect of the negative CPI on the CPI-linked positions • Net profit of 160 NIS million and ROE of 9.7% (Assuming adjustment of equity capital (tier 1) to risk components ratio to the the Israeli banking industry average, the ROE is 10.1%) • Expense for Fair Value of derivatives for the H1/2014 compared with H1/2013 (timing differences) resulted a decrease in financial income of approximately 46 NIS Million. Q2/2014 FAS 91 • FAS 91 led to a decrease in profit of about 5 NIS million, due to an increase in financial income by approximately 42 NIS Million corresponding with a reduction of approximately 49 NIS million in income from commissions. Fair Value of derivatives

  18. Highlights for the first half of 2014 Moderate increase in operating expenses Moderate increase in operating expenses • Operating expenses growth rate of only 0.4% in comparison to H1/13 • Mainly resulted by an increase in VAT and in expenses related to capital markets Continued growth in activity Continued growth in customer’s capital markets activity • Continued growth in client assets portfolio (deposits and securities) of 39 NIS Billion (14%) consistent budgetary restraint • Continued expenses restraint trend – no growth as of H1/2011 (3 years) • Divestment of FIBI London in Order to focus on core banking activities in Israel which increased net profits by 26 NIS Millions • Organizational changes in the management of the Bank and its subsidiaries (reducing the number of divisions and management members) • Merging of branches and reducing the branches size • Merging of the portfolio management company of FIBI and UBANK Growth in operating income • An increase of 5.9% in income from commission (adjusted to FAS 91), mainly due to an increase in clients activity in capital markets Implementation of customer centric approach by consolidating all dealing rooms • Aimed at providing response and an overall view of all clients needs in the field of investment and passive Subsidiaries • Continued development of corporate clients through the Small Business Fund • Focus in growth segments (Ultra-Orthodox, teachers, security forces, Arab sector)

  19. Highlights for the first half of 2014 High financial stability equity capital (tier 1) • The highest in the Israeli banking system (under Basel III) - 10.0% higher then Bank of Israel target Deposits to credit ratio • Deposits to credit ratio – 133.7% Decrease in provisions for credit losses • A collection of written off debts brought the expenses from credit losses to decrease - H1/2014 provision rate amounts to 0.01% while H1/2013 provision rate amounted to 0.13%. • At Q2/2014 Collection of debts written off brought to income from credit losses. credit portfolio quality and diversification • Ratio of credit loss allowance to total impaired credit is the highest in the system – 90.6% (excluding mortgages), 108.6% including mortgages. NPL (excluding mortgages) The Highest dividend yield in the Israeli banking system • Dividend of 230 NIS million in the H1/2014. • Dividend yield of 3.5% in 2013, 4% in 2014

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