Charts - Helaba
Transcrição
Charts - Helaba
Group Annual Accounts 2015 (IFRS) Information on the Annual Accounts of Helaba Group Frankfurt (Main), March 17, 2016 Cornerstones of the Financial Year 2015: Helaba achieves profit before taxes of € 596 m 2 With € 596 m profit before tax Helaba achieves a result around 2% under previous year‘s record result. The basis for this successs was the client-driven business. All operational earnings components made gains compared to the year before. Interest income and fee and commission income both reached new record levels at € 1.3 bn and € 0.3 bn respectively. General and administration expenses remained stable. Provisions for losses on loans and advances amounted to € 237 m and were on an average level of the previous five years. The very good Group result allows Helaba to service all subordinated funds, participation rights and silent participations, to allocate retained earnings to strengthen the core capital as well as to pay dividends to capital providers. The CET-1 ratio increased to 13.8% or, on a fully-loaded basis, to 13.1%. The total capital ratio rose to 19.8%. Helaba‘s Stable Strategic Business Model: Three Core Business Units 3 Helaba …a Universal Bank with strong Regional Focus Wholesale Business S-Group Business, Private Customers and SME Business Public Development and Infrastructure Business Business Division: Real Estate Corporate Finance Financial Institutions and Public Finance Global Markets Asset Management Transaction Banking Frankfurt am Main . Erfurt . Düsseldorf . Kassel . London Paris . New York . Zürich . Madrid . Moscow . Shanghai . Singapore IFRS-Result: Profit before taxes of € 596 m only 2% under previous year‘s record result Development of profit before taxes 4 Development of total assets in € million in € billion 220 700 600 607 500 492 596 512 200 199 180 483 178 179 400 172 160 164 300 140 200 120 100 0 100 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 as of December 31, 2015 Operating Income: Interest and commission income reached new record levels Development of net interest income 5 Development of net commission income in € million in € million 350 1.400 333 1,293 1.200 1,312 317 300 300 1,216 1,145 1.000 250 1,067 800 200 600 150 400 100 200 50 0 0 2011 2012 2013 2014 2015 254 2011 263 2012 2013 2014 2015 as of December 31, 2015 Consolidated Balance Sheet of Helaba Group 2015 (IFRS) 6 31.12.2015 31.12.2014 in € billion in € billion in € billion Loans and advances to banks incl. cash reserves 19.1 21.6 -2.5 -11.6 Loans and advances to customers 93.2 91.1 2.1 2.3 Impairments on receivables -1.0 -1.0 - - Assets held for trading 26.1 31.3 -5.2 -16.6 4.4 5.8 -1.4 -24.1 26.6 26.6 - - 3.9 4.1 -0.2 -4.9 172.3 179.5 -7.2 -4.0 Liabilities due to banks 36.0 35.6 0.4 1.1 Liabilities due to customers 47.7 45.3 2.4 5.3 Securitised liabilities 47.1 48.3 -1.2 -2.5 Liabilities held for trading 22.4 29.2 -6.8 -23.3 Negative market value of derivatives not held for trading 4.4 5.4 -1.0 -18.5 Provisions, other liabilities 2.9 2.9 - - Subordinated capital 4.1 5.4 -1.3 -24.1 Equity 7.7 7.4 0.3 4.1 172.3 179.5 -7.2 -4.0 Positive market value of derivatives not held for trading Financial investments, incl. companies accounted for using the equity method Other Assets Total assets Total liabilities Change % P&L for Helaba Group 2015 (IFRS) 7 2015 2014 in € million in € million 1,312 1,293 19 1.5 -237 -80 -157 >-100 1,075 1,213 -138 -11.4 Net commission income 333 317 16 5.0 Net trading income 190 126 64 50.8 25 51 -26 -51.0 Results from financial investments (incl. result from companies accounted for using the equity method) -10 45 -55 - Other operating result 173 70 103 >100 -1,190 -1,215 25 2.1 596 607 -11 -1.8 -177 -210 33 15.7 419 397 22 5.5 Net interest income Provisions for losses on loans and advances Net interest income after provisions for losses on loans and advances Result from hedges / derivatives General administration expenses Earnings before taxes Taxes on income Consolidated net income after taxes Change in € million in % Key Financial Ratios for 2015 8 2015 2014 Return on equity (before taxes) 8.1 % 8.3 % Cost-income ratio 58.8 % 63.9 % CET 1-Ratio („phased-in“) 13.8% 13.4% CET 1-Ratio (“fully loaded”) 13.1% 11.8% Total capital ratio 19.8% 18.5% Risk-weighted assets in € billion 54.9 53.8 Own funds, total in € billion 10.9 10.0 Leverage Ratio 4.0% 4.0% SREP-Ratio (2016) BaFin-Requirement for domestic systemically important banks (by 2019) 9,25% 1 percentage point Helaba Group: volume of medium- and long-term new business (≥1 year): New business with customers increases to € 19.2 bn Development of medium- and long-term new business 9 Split of new business by segments: € 19.2 bn* in € billion 20 Corporate Finance Real Estate 19.2 18.4 17.2 16 14.4 € 5.5 bn 15.0 € 9.8 bn 12 € 2.3 bn 8 S-Group Business (incl. Frankfurter Sparkasse) € 0.9 bn € 0.7 bn 4 Public Finance Other 0 2011 2012 2013 2014 2015 *without medium- and long-term new business of WIBank as of December 31, 2015 Refinancing: Continued market access due to strong issuer franchise 10 Medium and long-term funding ( ≥ 1 year): € 17.3 bn in 2015 Unsecured bank bonds Public Pfandbriefe € 6.3 bn 31% Pfandbriefe € 4.8 bn € 1.0 bn 69% € 5.2 bn Mortgage Pfandbriefe Borrower‘s notes and other loans Subordinated debt As of December 31, 2015 High stability provided by € 48 bn of customer liabilities. Group Profit before Tax split down on Business Segments 11 Profit before Tax as of 31.12.2015 in € million 900 27 800 700 140 -253 600 60 127 500 114 400 300 535 200 596 380 100 0 Real Estate Corporate Finance Financial Markets S-Group Business, Private Customers and SME Business Public Development and Infrastructure Business Others Consolidation Profit before Tax Outlook: Helaba sees sector under pressure to adapt • The current geopolitical and economic situation will continue to lead to higher volatility • All players are under pressure to adapt to the current business environment which can be summarised under the headlines low (or negative) interest rates, regulation and digitalisation • An enhancement of Helaba’s business modell according to the principle of “strengthening strengths” announced; Helaba’s role as the S-Group Bank for the savings banks as well as the market of North Rhine-Westphalia seen as central growth opportunities Due to the challenging market environment, higher regulatory costs and rising capital requirements, Helaba anticipates Group profits to decline markedly. 12 Helaba Ratings on a high level 13 Unguaranteed ratings Agency Moody´s Fitch Ratings Standard & Poor´s A1 A+1 A1 Deposit rating Aa3 - - Short-term rating P-1 F1+1 A-11 BCA/ viability rating/ SACP baa3 a+1 a1 Public Pfandbriefe Aaa AAA - - AAA - Moody´s Fitch Ratings Standard & Poor´s Aa1 AAA AA- Long-term rating Mortgage Pfandbriefe Guaranteed ratings2 Agency Long-term rating Source: Moody‘s Investor Service, Fitch Ratings, Standard & Poor’s – as of March 17, 2016 1) Joint group rating (Sparkassen-Finanzgruppe Hessen-Thüringen) 2) With statutory guarantees of owners (‘mit Gewährträgerhaftung’) Disclaimer 14 • Material provided has been prepared for information purposes only. Prices and rates mentioned are of indicative and non-binding nature. • The material and any information contained herein do not constitute an invitation to buy, hold or sell securities or any other instrument. The material does not constitute an investment consultancy und does not substitute an individual analysis. Opinions expressed are today’s views and may change without prior notice. Transactions entered into by the user are at the users risk! • The material is based upon information and processes we consider reliable. However, we do not represent that the information, results and conclusions are accurate or complete, and they should not be relied upon as such. Past performance, previous simulations or forecasts provided in the past do not represent a reliable indicator of future performance. • Certain transactions, including those involving derivatives such as interest rate swaps, futures, options and high-yield securities, give rise to substantial risk and are not suitable for all borrowers and investors. • Helaba and persons involved with the preparation of this publication may from time to time have long or short positions in, or buy and sell derivatives such as interest rate swaps, securities, futures or options identical to or related to those instruments mentioned herein. • No strategy implemented based on the publication is or will be without risk, and detrimental interest-rate and/or price moves can not be ruled out; these could, depending on size and timing, result in severe economic loss. The occurrence of exchange rate fluctuations may, over the course of time, have a positive or negative impact on the return to be expected. • Due to the personal situation of the relevant customer, this information cannot replace tax consulting in the individual case. It is therefore recommended that potential purchasers of the financial instrument seek advice from their tax and legal consultants as regards the tax consequences of purchasing, holding and selling the financial instruments. Tax treatment may be subject to changes in the future. • Helaba does not provide any accounting, tax or legal advice; such matters should be discussed with independent advisors and counsel before entering into transactions. • Any third party use of this publication is prohibited without our prior written authorization. • Any third party use of this publication is prohibited without prior written authorization by Helaba. © Landesbank Hessen-Thüringen Girozentrale, Frankfurt am Main und Erfurt