1.Bd Initiala
1.Bd Initiala
1.Bd Initiala
Contact details
Established on October 4, 1997 following the merger between Erste Osterreichische Spar-Casse-Bank and GiroCredit
Bank Aktiengesellschaft der Sparkassen. In August 2008, Erste Bank der Oesterreichischen Sparkassen AG changed its
name to Erste Group Bank AG. In September 2011, Erste Group Bank AG absorbed Weinviertler Sparkasse AG.
Peer Group
Peer Group Name Bank Holding Companies Europe (Excl. Eastern Europe)
Size 178
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 127,722.2 126,610.2 124,179.4 122,402.1 110,659.4 93
Gross Loans 134,749.5 132,729.3 129,133.7 126,184.9 113,955.9 97
Less: Reserves for Impaired Loans/ NPLs 7,027.3 6,119.1 4,954.3 3,782.8 3,296.5 3
Other Earning Assets 62,689.7 61,149.5 57,518.4 57,654.1 68,721.0 67
Loans and Advances to Banks 7,577.7 12,496.5 13,139.9 14,344.0 14,937.1 16
Derivatives 10,931.0 8,474.1 2,586.0 2,532.0 1,810.0 1
Other Securities 44,181.0 40,178.9 40,538.7 39,499.1 42,688.9 41
Remaining earning assets n.a. n.a. 1,253.8 1,279.0 9,285.0 8
Total Earning Assets 190,411.9 187,759.7 181,697.8 180,056.2 179,380.4 161
Fixed Assets 2,360.8 2,445.6 2,343.9 2,386.0 2,288.7 2
Non-Earning Assets 17,233.6 15,732.7 17,668.5 18,998.9 18,849.7 17
Total Assets 210,006.3 205,938.0 201,710.2 201,441.1 200,518.8 181
Notes
Impaired Loans (Memo) 11,388.0 10,087.4 8,537.0 6,345.0 4,763.0 4
Loan Loss Reserves (Memo) 7,027.3 6,119.1 4,954.3 3,782.8 3,296.5 3
Liquid Assets (Memo) 24,679.5 26,305.5 25,148.2 26,902.6 27,378.8 33
Intangibles (Memo) 3,532.0 4,674.6 4,867.0 4,804.5 5,962.3 6
Off Balance Sheet Items n.a. n.a. n.a. 38,127.0 40,694.0 35
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified Unqualified
Original Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008 31/12/2007
12 months 12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 5,561.0 5,391.5 5,208.2 4,891.6 3,922.0 3
Other Operating Income 1,299.2 1,971.6 1,917.1 1,779.2 2,435.4 2
Net Gains (Losses) on Trading and Derivatives 122.3 456.2 585.1 114.7 351.1
Net Gains (Losses) on Assets at FV through Income 0.3 -6.0 113.2 -295.6 -47.8
Statement
Net Fees and Commissions 1,787.2 1,936.0 1,772.8 1,971.0 1,857.9 1
Remaining Operating Income -610.6 -414.6 -554.0 -10.9 274.2
Overheads 3,850.9 3,816.8 3,807.4 4,444.1 4,010.2 3
Loan Loss Provisions 2,266.9 2,031.2 2,056.6 1,071.4 454.7
Other -1,064.6 n.a. n.a. -579.1 n.a.
Profit before Tax -322.2 1,515.1 1,261.3 576.2 1,892.5 1
Tax 240.4 328.7 284.7 177.3 371.0
Net Income -562.6 1,186.4 976.6 1,038.6 1,549.9 1
Operating Income (Memo) 6,852.2 7,342.1 7,112.6 6,649.3 6,333.7 5
Net Gains (Losses) on Trading and Derivatives 122.3 456.2 585.1 114.7 351.1
Net Gains (Losses) on Other Securities -93.3 3.7 -210.9 -274.9 51.7
Net Gains (Losses) on Assets at FV through Income 0.3 -6.0 113.2 -295.6 -47.8
Statement
Net Insurance Income n.a. n.a. n.a. n.a. n.a.
Net Fees and Commissions 1,787.2 1,936.0 1,772.8 1,971.0 1,857.9 1
Other Operating Income -525.3 -439.3 -355.8 242.5 198.8
Total Non-Interest Operating Income 1,291.2 1,950.6 1,904.4 1,757.7 2,411.7 2
Personnel Expenses 2,323.7 2,264.0 2,227.5 2,313.8 2,189.3 1
Other Operating Expenses 1,527.2 1,552.8 1,579.9 2,130.3 1,820.9 1
Total Non-Interest Expenses 3,850.9 3,816.8 3,807.4 4,444.1 4,010.2 3
Memo: Net Income after Allocation to Non- -718.9 1,015.4 903.4 859.6 1,174.6
controlling Interests
Memo: Common Dividends Relating to the Period n.a. 264.7 295.0 309.0 347.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. 51,702.0 49,753.0 43,341.0 36
Corporate & Commercial Loans n.a. n.a. 70,296.0 70,000.0 64,289.0 54
Other Loans 134,749.5 132,729.3 7,135.7 6,431.9 6,325.9 6
Less: Reserves for Impaired Loans/ NPLs 7,027.3 6,119.1 4,954.3 3,782.8 3,296.5 3
Net Loans 127,722.2 126,610.2 124,179.4 122,402.1 110,659.4 93
Gross Loans 134,749.5 132,729.3 129,133.7 126,184.9 113,955.9 97
Memo: Impaired Loans included above 11,388.0 10,087.4 8,537.0 6,345.0 4,763.0 4
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 7,577.7 12,496.5 13,139.9 14,344.0 14,937.1 16
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 7,689.0 7,969.6 6,012.0 5,002.4 4,826.7 9
Derivatives 10,931.0 8,474.1 2,586.0 2,532.0 1,810.0 1
Available for Sale Securities 20,245.0 17,751.1 16,389.8 16,033.1 16,200.4 14
Held to Maturity Securities 16,074.0 14,234.7 14,899.1 14,145.4 16,843.1 16
At-equity Investments in Associates 173.0 223.5 240.6 260.4 285.1
Other Securities n.a. n.a. 2,997.2 4,057.8 4,533.6
Total Securities 55,112.0 48,653.0 43,124.7 42,031.1 44,498.9 42
Memo: Government Securities included Above n.a. n.a. n.a. n.a. n.a.
Memo: Total Securities Pledged n.a. n.a. n.a. n.a. n.a.
Investments in Property n.a. n.a. 1,196.0 1,279.0 1,231.0 1
Insurance Assets n.a. n.a. n.a. 0.0 8,054.0 7
Other Earning Assets n.a. n.a. 57.8 0.0 0.0
Total Earning Assets 190,411.9 187,759.7 181,697.8 180,056.2 179,380.4 161
Non-earning Assets
Cash and Due From Banks 9,412.8 5,839.4 5,996.3 7,556.2 7,615.0 7
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a. n.a.
Fixed Assets 2,360.8 2,445.6 2,343.9 2,386.0 2,288.7 2
Goodwill n.a. 3,319.8 3,320.0 3,411.0 4,390.0 4
Other Intangibles 3,532.0 1,354.8 1,547.0 1,393.5 1,572.3 1
Current Tax Assets 115.6 116.5 124.0 58.0 31.0
Deferred Tax Assets 701.8 417.6 453.5 800.6 415.1
Discontinued Operations n.a. n.a. n.a. n.a. n.a.
Other Assets 3,471.4 4,684.6 6,227.7 5,779.6 4,826.3 3
Total Assets 210,006.3 205,938.0 201,710.2 201,441.1 200,518.8 181
Interest-bearing Liabilities
Customer Deposits - Current 118,880.2 117,016.3 58,674.4 59,772.6 54,913.4 48
Customer Deposits - Savings n.a. n.a. 53,368.0 49,532.0 45,203.0 42
Customer Deposits - Term n.a. n.a. n.a. n.a. n.a.
Total Customer Deposits 118,880.2 117,016.3 112,042.4 109,304.6 100,116.4 90
Deposits from Banks 23,785.3 20,154.0 26,295.1 34,671.6 35,164.6 37
Repos and Cash Collateral n.a. n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings n.a. n.a. 3,473.0 6,072.0 8,784.0 3
Total Deposits, Money Market and Short-term 142,665.5 137,170.3 141,810.5 150,048.2 144,065.0 132
Funding
Senior Debt Maturing after 1 Year 30,781.6 31,298.5 26,139.1 24,411.6 22,294.2 19
Subordinated Borrowing 3,033.6 4,658.0 4,968.4 4,790.6 4,341.8 2
Other Funding n.a. n.a. 0.0 n.a. n.a.
Total Long Term Funding 33,815.2 35,956.5 31,107.5 29,202.2 26,636.0 22
Derivatives 9,336.6 7,996.1 2,394.0 2,245.0 1,369.0 1
Trading Liabilities 535.5 215.7 762.7 274.6 386.7
Total Funding 186,352.8 181,338.6 176,074.7 181,770.0 172,456.7 155
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 1,580.1 1,544.5 1,670.0 1,620.4 1,791.7 1
Current Tax Liabilities 33.7 68.4 30.0 110.0 67.0
Deferred Tax Liabilities 344.7 328.1 331.1 279.1 262.3
Other Deferred Liabilities n.a. n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. 0.0 8,638.3 7
Other Liabilities 3,766.0 4,349.7 6,301.6 5,310.4 4,652.5 3
Total Liabilities 192,077.3 187,629.3 184,407.4 189,089.9 187,868.5 169
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 1,239.0 1,180.0 1,180.0 1,256.0 1,247.0 1
Debt
Pref. Shares and Hybrid Capital accounted for as 1,510.0 1,764.0 1,764.0 n.a. n.a.
Equity
Equity
Common Equity 12,859.1 12,400.2 11,316.5 9,466.7 9,093.0 8
Non-controlling Interest 3,142.9 3,543.5 3,414.3 3,016.5 2,951.3 2
Securities Revaluation Reserves -316.0 -278.0 -372.0 -1,479.0 -596.0
Foreign Exchange Revaluation Reserves -541.0 -312.0 n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated 35.0 11.0 n.a. 91.0 -45.0
OCI
Total Equity 15,180.0 15,364.7 14,358.8 11,095.2 11,403.3 10
Total Liabilities and Equity 210,006.3 205,938.0 201,710.2 201,441.1 200,518.8 181
Memo: Fitch Core Capital 11,290.9 10,600.6 9,355.8 6,234.7 n.a.
Memo: Fitch Eligible Capital 12,518.9 11,780.6 10,535.8 7,490.7 n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.80 4.82 5.57 8.30 7.38
Interest Expense on Customer Deposits/ Average 1.53 1.44 2.18 3.07 2.54
Customer Deposits%
Interest Income/ Average Earning Assets% 4.83 4.74 5.66 6.51 5.63
Interest Expense/ Average Interest-bearing 2.02 1.89 2.82 3.93 3.47
Liabilities%
Net Interest Income/ Average Earning Assets% 2.87 2.91 2.87 2.67 2.29
Net Int. Inc Less Loan Impairment Charges/ Av. 1.70 1.81 1.74 2.08 2.02
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 2.87 2.91 2.87 2.67 2.29
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 18.84 26.57 26.78 26.43 38.08
Non-Interest Expense/ Gross Revenues% 56.20 51.99 53.53 66.84 63.32
Non-Interest Expense/ Average Assets% 1.82 1.85 1.88 2.16 2.08
Pre-impairment Op. Profit/ Average Equity% 19.84 23.53 25.57 19.34 20.91
Pre-impairment Op. Profit/ Average Total Assets% 1.42 1.72 1.64 1.08 1.22
Loans and securities impairment charges/ Pre- 75.33 57.28 61.98 48.12 19.37
impairment Op. Profit%
Operating Profit/ Average Equity% 4.89 10.05 9.72 10.03 16.86
Operating Profit/ Average Total Assets% 0.35 0.73 0.62 0.56 0.98
Taxes/ Pre-tax Profit% -74.61 21.69 22.57 30.77 19.60
Pre-Impairment Operating Profit / Risk Weighted 2.64 2.96 2.68 2.15 2.47
Assets%
Operating Profit / Risk Weighted Assets% 0.65 1.26 1.02 1.11 1.99
Other Profitability Ratios
Net Income/ Average Total Equity% -3.71 7.87 7.53 9.02 13.81
Net Income/ Average Total Assets% -0.27 0.58 0.48 0.51 0.81
Fitch Comprehensive Income/ Average Total Equity -5.60 8.90 2.26 -3.82 8.50
%
Fitch Comprehensive Income/ Average Total Assets -0.40 0.65 0.15 -0.21 0.50
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -0.49 0.99 0.79 1.00 1.63
Fitch Comprehensive Income/ Risk Weighted Assets -0.74 1.12 0.24 -0.42 1.00
%
Capitalization
Fitch Core Capital/Weighted Risks% 9.90 8.85 7.55 6.01 n.a.
Fitch Eligible Capital/ Weighted Risks% 10.98 9.83 8.50 7.23 n.a.
Tangible Common Equity/ Tangible Assets% 5.64 5.31 4.60 3.17 2.77
Tier 1 Regulatory Capital Ratio% 10.40 10.20 9.20 7.20 7.00
Total Regulatory Capital Ratio% 14.40 13.50 12.70 10.10 10.50
Core Tier 1 Regulatory Capital Ratio% 9.40 9.20 n.a. n.a. n.a.
Equity/ Total Assets% 7.23 7.46 7.12 5.51 5.69
Cash Dividends Paid & Declared/ Net Income% n.a. 22.31 30.21 29.75 22.39
Cash Dividend Paid & Declared/ Fitch n.a. 19.73 100.48 -70.16 36.38
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -3.71 6.00 4.75 6.58 10.55
Loan Quality
Growth of Total Assets% 1.98 2.10 0.13 0.46 10.36
Growth of Gross Loans% 1.52 2.78 2.34 10.73 17.35
Impaired Loans(NPLs)/ Gross Loans% 8.45 7.60 6.61 5.03 4.18
Reserves for Impaired Loans/ Gross loans% 5.22 4.61 3.84 3.00 2.89
Reserves for Impaired Loans/ Impaired Loans% 61.71 60.66 58.03 59.62 69.21
Impaired Loans less Reserves for Imp Loans/ Equity 28.73 25.83 24.95 23.09 12.86
%
Loan Impairment Charges/ Average Gross Loans% 1.69 1.55 1.61 0.89 0.44
Net Charge-offs/ Average Gross Loans% n.a. n.a. 0.04 0.02 0.00
Impaired Loans + Foreclosed Assets/ Gross Loans + 8.45 7.60 6.61 5.03 4.18
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 113.35 113.43 115.25 115.44 113.82
Interbank Assets/ Interbank Liabilities% 31.86 62.01 49.97 41.37 42.48
Customer Deposits/ Total Funding excl Derivatives% 67.16 67.51 64.51 60.89 58.52
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a. n.a.
Senior Debt Maturing < 3 months n.a. n.a. n.a. n.a. n.a.
Senior Debt Maturing 3-12 Months n.a. n.a. n.a. n.a. 11,989.0 5
Senior Debt Maturing 1- 5 Years n.a. n.a. n.a. n.a. 19,089.0 15
Senior Debt Maturing > 5 Years n.a. n.a. n.a. n.a. n.a.
Total Senior Debt on Balance Sheet n.a. n.a. n.a. n.a. 31,078.0 21
Fair Value Portion of Senior Debt n.a. n.a. n.a. n.a. n.a.
Covered Bonds n.a. n.a. n.a. n.a. n.a.
Subordinated Debt Maturing < 3 months n.a. n.a. n.a. n.a. n.a.
Subordinated Debt Maturing 3-12 Months n.a. n.a. n.a. n.a. n.a.
Subordinated Debt Maturing 1- 5 Year n.a. n.a. n.a. n.a. n.a.
Subordinated Debt Maturing > 5 Years n.a. n.a. n.a. n.a. n.a.
Total Subordinated Debt on Balance Sheet 3,033.6 4,658.0 4,968.4 4,790.6 4,341.8 2
Fair Value Portion of Subordinated Debt n.a. n.a. n.a. n.a. n.a.
Net Income Reconciliation
Net Income -562.6 1,186.4 976.6 1,038.6 1,549.9 1
Add: Other Adjustments n.a. n.a. n.a. n.a. n.a.
Published Net Income -562.6 1,186.4 976.6 n.a. n.a.
Equity Reconciliation
Equity 15,180.0 15,364.7 14,358.8 11,095.2 11,403.3 10
Add: Pref. Shares and Hybrid Capital accounted for 1,510.0 1,764.0 1,764.0 n.a. n.a.
as Equity
Add: Other Adjustments n.a. n.a. n.a. n.a. n.a.
Published Equity 16,690.0 n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial n.a. n.a. n.a. n.a. n.a.
Assets
Interest Expense on Customer Deposits - Current n.a. n.a. n.a. n.a. n.a.
Interest Expense on Customer Deposits - Savings n.a. n.a. n.a. n.a. n.a.
Interest Expense on Customer Deposits - Term n.a. n.a. n.a. n.a. n.a.
Total Interest Expense on Customer Deposits 1,831.8 1,661.7 2,431.4 3,259.1 2,404.1 2
Total Interest Expense on Other Deposits and ST n.a. n.a. n.a. n.a. n.a.
Borrowing
Interest Expense on Long-term Borrowing n.a. n.a. n.a. n.a. n.a.
Interest Expense on Subordinated Borrowing n.a. n.a. n.a. n.a. n.a.
Interest Expense on Other Funding n.a. n.a. n.a. n.a. n.a.
Total Interest Expense on Long-term Funding n.a. n.a. n.a. n.a. n.a.
Memo: Interest on Hybrids included above n.a. n.a. n.a. n.a. n.a.
Memo: Interest Expense on Leases included above n.a. n.a. n.a. n.a. n.a.
Income from Foreign Exchange (ex trading) n.a. n.a. n.a. n.a. n.a.
Negative Goodwill in Non-operating Income n.a. n.a. n.a. n.a. n.a.
Goodwill write-off n.a. n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 4,475.0 4,021.0 3
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 527.0 806.0 1
Trading Assets - Commodities n.a. n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 2,532.4 1,809.7
Total Trading Assets at FV through the Income n.a. n.a. n.a. 7,534.4 6,636.7 4
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 12,845.1 12,855.4 11
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 3,188.0 3,345.0 3
AFS Assets - Other n.a. n.a. n.a. n.a. n.a.
Total AFS Assets 20,245.0 17,751.1 16,389.8 16,033.1 16,200.4 14
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 14,145.4 16,843.1 16
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 10.40 10.20 9.20 7.20 7.00
Total Capital Ratio 14.40 13.50 12.70 10.10 10.50
Equity / Tot Assets 7.95 8.32 7.99 5.51 5.69
Equity / Net Loans 13.07 13.53 12.98 9.07 10.31
Equity / Cust & Short Term Funding 11.70 12.49 11.37 7.39 7.92
Equity / Liabilities 8.83 9.36 8.99 6.02 6.21
Cap Funds / Tot Assets 9.98 11.15 11.04 8.51 8.47
Cap Funds / Net Loans 16.41 18.14 17.94 14.00 15.36
Cap Funds / Dep & ST Funding 14.69 16.74 15.71 11.42 11.80
Cap Funds / Liabilities 11.09 12.55 12.41 9.30 9.26
Subord Debt / Cap Funds 14.47 20.28 22.31 27.95 25.55
Operations
Net Interest Margin 2.94 2.92 2.88 2.72 2.30
Net Int Rev / Avg Assets 2.67 2.65 2.58 2.43 2.05
Oth Op Inc / Avg Assets 0.63 0.97 0.95 0.89 1.27
Non Int Exp / Avg Assets 2.94 2.87 2.91 2.74 2.34
Pre-Tax Op Inc / Avg Assets 0.36 n.a. n.a. 0.58 n.a.
Non Op Items & Taxes / Avg Ast -0.63 -0.16 -0.14 -0.38 -0.19
Return On Avg Assets (ROAA) -0.27 0.58 0.48 0.52 0.81
Return On Avg Equity (ROAE) -3.33 7.14 7.18 9.23 13.90
Dividend Pay-Out n.a. 22.31 30.21 29.75 22.39
Inc Net Of Dist / Avg Equity n.a. 5.54 5.01 6.49 10.79
Non Op Items / Net Income 189.23 n.a. n.a. -55.76 n.a.
Cost To Income Ratio 56.13 51.84 53.44 66.62 63.08
Recurring Earning Power 1.45 1.74 1.65 1.11 1.23
Liquidity
Interbank Ratio 31.86 62.01 49.97 41.37 42.48
Net Loans / Tot Assets 60.82 61.48 61.56 60.76 55.19
Net Loans / Dep & ST Funding 89.53 92.30 87.57 81.58 76.81
Net Loans / Tot Dep & Bor 69.67 71.66 72.57 69.16 65.82
Liquid Assets / Dep & ST Funding 17.30 19.18 17.73 17.93 19.00
Liquid Assets / Tot Dep & Bor 13.46 14.89 14.70 15.20 16.29
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 16.79 36.60 27.58 11.84 36.20 59.69 45.90 37.90
Market price - February 18.83 38.25 27.67 7.67 38.50 56.16 51.00 41.20
Market price - March 17.29 35.61 31.10 12.75 41.05 58.30 48.66 40.35
Market price - April 17.40 34.12 33.80 16.00 47.70 59.02 48.10 37.49
Market price - May 13.98 34.65 29.38 17.01 49.07 58.30 44.48 39.97
Market price - June 14.95 36.15 26.36 19.23 39.54 57.80 44.00 41.37
Market price - July 14.73 33.39 30.80 24.49 41.25 55.47 45.16 42.00
Market price - August 16.06 25.35 28.64 29.56 40.98 53.19 47.20 44.95
Market price - September 17.37 19.36 29.37 30.54 34.45 53.45 49.10 44.50
Market price - October n.a. 15.60 32.43 27.50 20.74 56.00 53.35 43.40
Market price - November n.a. 11.91 30.14 27.08 17.80 49.65 55.01 45.20
Market price - December n.a. 13.59 35.14 26.06 16.20 48.50 58.10 47.05
BETA
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 05/10/2012 Erste Group to sell Erste Bank (deal no. 1601409468)
2 02/10/2012 Erste Bank der Österreichischen Sparkassen sells stake in Erste
Group Bank (deal no. 1601411400)
3 05/06/2012 Erste Group Bank is to increase its stake in BCR (deal no.
1601375726)
4 05/06/2012 Erste Group Bank increases stake in BCR (deal no. 1601375720)
Source : Zephyr
Contact details
In October 2010, Raiffeisen International Bank-Holding AG absorbed Cembra Betelingung which obtained the relevant
business of Raiffeisen Zentralbank Oesterreich AG - RZBand its name changed to Raiffeisen Bank International AG.
Peer Group
Peer Group Name Commercial Banks Europe (Excl. Eastern Europe)
Size 1,150
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 76,750.7 71,156.2 47,431.0 56,261.0
Gross Loans 81,576.2 75,657.1 50,515.0 57,902.3
Less: Reserves for Impaired Loans/ NPLs 4,825.5 4,500.9 3,084.0 1,641.3
Other Earning Assets 54,202.8 50,582.4 21,628.3 18,805.3
Loans and Advances to Banks 25,520.3 21,277.4 10,310.1 9,038.1
Derivatives 8,697.6 5,112.6 879.2 2,360.1
Other Securities 19,863.9 24,079.7 10,439.0 7,407.1
Remaining earning assets 121.0 112.7 0.0 0.0
Total Earning Assets 130,953.5 121,738.6 69,059.3 75,066.3
Fixed Assets 1,390.5 1,340.9 1,244.2 1,263.8
Non-Earning Assets 14,641.0 8,093.6 5,971.8 9,066.9
Total Assets 146,985.0 131,173.1 76,275.3 85,397.0
Notes
Impaired Loans (Memo) 7,370.6 6,389.5 4,905.9 1,780.0
Loan Loss Reserves (Memo) 4,825.5 4,500.9 3,084.0 1,641.3
Liquid Assets (Memo) 40,245.9 30,528.1 17,652.8 18,436.0
Intangibles (Memo) 1,065.6 1,219.8 971.9 951.9
Off Balance Sheet Items 28,128.4 23,848.0 10,062.8 11,395.3
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 3,667.2 3,578.2 2,936.5 3,232.0
Other Operating Income 1,892.7 1,878.2 1,459.1 1,626.3
Net Gains (Losses) on Trading and Derivatives 776.1 243.9 194.5 147.7
Net Gains (Losses) on Assets at FV through Income -141.1 137.2 41.4 -25.6
Statement
Net Fees and Commissions 1,489.9 1,490.8 1,223.1 1,496.3
Remaining Operating Income -232.2 6.3 0.1 7.9
Overheads 3,120.4 2,979.7 2,290.1 2,648.8
Loan Loss Provisions 1,063.6 1,194.1 1,737.9 780.3
Other n.a. n.a. n.a. n.a.
Profit before Tax 1,375.9 1,282.6 367.6 1,429.2
Tax 399.2 110.2 80.5 350.9
Net Income 974.1 1,177.2 287.1 1,078.3
Operating Income (Memo) 5,559.9 5,456.4 4,395.6 4,858.3
Net Gains (Losses) on Trading and Derivatives 776.1 243.9 194.5 147.7
Net Gains (Losses) on Other Securities n.a. n.a. 0.0 0.0
Net Gains (Losses) on Assets at FV through Income -141.1 137.2 41.4 -25.6
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions 1,489.9 1,490.8 1,223.1 1,496.3
Other Operating Income -232.2 6.3 0.1 7.9
Total Non-Interest Operating Income 1,892.7 1,878.2 1,459.1 1,626.3
Personnel Expenses 1,539.6 1,452.9 1,054.2 1,275.9
Other Operating Expenses 1,580.8 1,526.8 1,235.9 1,372.9
Total Non-Interest Expenses 3,120.4 2,979.7 2,290.1 2,648.8
Memo: Net Income after Allocation to Non- 967.7 1,177.2 212.2 982.0
controlling Interests
Memo: Common Dividends Relating to the Period 462.8 30.1 142.9 142.8
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans 17,944.3 16,887.9 17,874.8 17,249.1
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 63,631.9 58,769.2 32,640.2 40,653.2
Less: Reserves for Impaired Loans/ NPLs 4,825.5 4,500.9 3,084.0 1,641.3
Net Loans 76,750.7 71,156.2 47,431.0 56,261.0
Gross Loans 81,576.2 75,657.1 50,515.0 57,902.3
Memo: Impaired Loans included above 7,370.6 6,389.5 4,905.9 1,780.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 25,520.3 21,277.4 10,310.1 9,038.1
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 3,323.9 4,443.8 3,163.1 2,268.0
Derivatives 8,697.6 5,112.6 879.2 2,360.1
Available for Sale Securities 16,535.0 19,630.9 7,270.5 5,136.6
Held to Maturity Securities n.a. n.a. n.a. n.a.
At-equity Investments in Associates 5.0 5.0 5.4 2.5
Other Securities n.a. n.a. n.a. n.a.
Total Securities 28,561.5 29,192.3 11,318.2 9,767.2
Memo: Government Securities included Above 12,851.9 18,130.7 8,171.4 4,645.1
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 121.0 112.7 n.a. n.a.
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets 0.0 0.0 0.0 0.0
Total Earning Assets 130,953.5 121,738.6 69,059.3 75,066.3
Non-earning Assets
Cash and Due From Banks 11,401.7 4,806.9 4,179.6 7,129.9
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 1,390.5 1,340.9 1,244.2 1,263.8
Goodwill 408.5 613.7 581.4 610.2
Other Intangibles 657.1 606.1 390.5 341.7
Current Tax Assets 59.6 31.5 109.4 66.3
Deferred Tax Assets 358.0 462.7 120.1 89.8
Discontinued Operations 26.6 5.3 n.a. n.a.
Other Assets 1,729.5 1,567.4 590.8 829.0
Total Assets 146,985.0 131,173.1 76,275.3 85,397.0
Interest-bearing Liabilities
Customer Deposits - Current 27,472.1 23,781.0 17,140.4 16,242.7
Customer Deposits - Savings 1,280.9 1,469.8 1,393.1 952.0
Customer Deposits - Term 37,994.2 32,382.4 24,044.8 27,011.3
Total Customer Deposits 66,747.2 57,633.2 42,578.3 44,206.0
Deposits from Banks 11,068.2 12,491.1 16,965.0 20,252.7
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 26,923.6 21,168.1 3,145.1 5,960.4
Total Deposits, Money Market and Short-term 104,739.0 91,292.4 62,688.4 70,419.1
Funding
Senior Debt Maturing after 1 Year 14,366.8 9,959.5 2,526.7 3,393.4
Subordinated Borrowing 3,331.7 3,182.0 1,301.3 1,684.5
Other Funding n.a. 6,595.8 n.a. n.a.
Total Long Term Funding 17,698.5 19,737.3 3,828.0 5,077.9
Derivatives 9,197.7 5,794.4 773.6 2,292.0
Trading Liabilities 1,309.0 1,210.7 n.a. n.a.
Total Funding 132,944.2 118,034.8 67,290.0 77,789.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 771.0 671.9 311.5 436.8
Current Tax Liabilities n.a. n.a. n.a. n.a.
Deferred Tax Liabilities n.a. n.a. n.a. n.a.
Other Deferred Liabilities 187.6 189.7 111.5 174.6
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 1,327.3 1,053.7 393.2 478.4
Total Liabilities 135,230.1 119,950.1 68,106.2 78,878.8
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 819.1 819.1 1,169.0 n.a.
Debt
Pref. Shares and Hybrid Capital accounted for as 2,500.0 2,500.0 600.0 n.a.
Equity
Equity
Common Equity 7,292.9 6,628.1 5,402.6 5,595.2
Non-controlling Interest 1,142.9 1,065.7 997.5 923.0
Securities Revaluation Reserves n.a. 10.1 n.a. n.a.
Foreign Exchange Revaluation Reserves n.a. 180.4 n.a. n.a.
Fixed Asset Revaluations and Other Accumulated n.a. 19.6 n.a. 0.0
OCI
Total Equity 8,435.8 7,903.9 6,400.1 6,518.2
Total Liabilities and Equity 146,985.0 131,173.1 76,275.3 85,397.0
Memo: Fitch Core Capital 7,012.2 6,414.3 5,349.1 n.a.
Memo: Fitch Eligible Capital 9,512.2 8,914.3 5,949.1 n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 6.00 8.12 8.35 10.58
Interest Expense on Customer Deposits/ Average 2.22 2.73 3.75 6.31
Customer Deposits%
Interest Income/ Average Earning Assets% 5.11 7.92 7.90 8.61
Interest Expense/ Average Interest-bearing 2.32 3.58 3.71 4.12
Liabilities%
Net Interest Income/ Average Earning Assets% 2.83 4.45 4.15 4.50
Net Int. Inc Less Loan Impairment Charges/ Av. 2.01 2.97 1.69 3.42
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 2.83 4.45 4.15 4.50
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 34.04 34.42 33.19 33.47
Non-Interest Expense/ Gross Revenues% 56.12 54.61 52.10 54.52
Non-Interest Expense/ Average Assets% 2.22 3.40 2.88 3.33
Pre-impairment Op. Profit/ Average Equity% 30.24 33.93 32.68 32.51
Pre-impairment Op. Profit/ Average Total Assets% 1.73 2.82 2.65 2.78
Loans and securities impairment charges/ Pre- 43.60 48.21 82.54 35.32
impairment Op. Profit%
Operating Profit/ Average Equity% 17.05 17.57 5.71 21.03
Operating Profit/ Average Total Assets% 0.98 1.46 0.46 1.80
Taxes/ Pre-tax Profit% 29.01 8.59 21.90 24.55
Pre-Impairment Operating Profit / Risk Weighted 2.56 2.61 3.29 3.07
Assets%
Operating Profit / Risk Weighted Assets% 1.44 1.35 0.57 1.98
Other Profitability Ratios
Net Income/ Average Total Equity% 12.07 16.13 4.46 15.87
Net Income/ Average Total Assets% 0.69 1.34 0.36 1.35
Fitch Comprehensive Income/ Average Total Equity 10.06 19.11 0.73 15.87
%
Fitch Comprehensive Income/ Average Total Assets 0.58 1.59 0.06 1.35
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 1.02 1.24 0.45 1.50
Fitch Comprehensive Income/ Risk Weighted 0.85 1.47 0.07 1.50
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 7.36 6.77 8.35 n.a.
Fitch Eligible Capital/ Weighted Risks% 9.98 9.40 9.29 n.a.
Tangible Common Equity/ Tangible Assets% 4.82 4.95 7.11 6.49
Tier 1 Regulatory Capital Ratio% 9.90 9.70 11.00 8.10
Total Regulatory Capital Ratio% 13.50 13.30 13.00 9.70
Core Tier 1 Regulatory Capital Ratio% 9.00 8.90 9.20 n.a.
Equity/ Total Assets% 5.74 6.03 8.39 7.63
Cash Dividends Paid & Declared/ Net Income% 47.51 2.56 49.77 13.24
Cash Dividend Paid & Declared/ Fitch 57.04 2.16 304.69 13.24
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 6.06 14.51 2.25 14.35
Loan Quality
Growth of Total Assets% 12.05 71.97 -10.68 17.40
Growth of Gross Loans% 7.82 49.77 -12.76 18.46
Impaired Loans(NPLs)/ Gross Loans% 9.04 8.45 9.71 3.07
Reserves for Impaired Loans/ Gross loans% 5.92 5.95 6.11 2.83
Reserves for Impaired Loans/ Impaired Loans% 65.47 70.44 62.86 92.21
Impaired Loans less Reserves for Imp Loans/ Equity 30.17 23.89 28.47 2.13
%
Loan Impairment Charges/ Average Gross Loans% 1.35 2.12 3.23 1.43
Net Charge-offs/ Average Gross Loans% n.a. 0.55 n.a. n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + 9.04 8.45 9.71 3.07
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 122.22 131.27 118.64 130.98
Interbank Assets/ Interbank Liabilities% 230.57 170.34 60.77 44.63
Customer Deposits/ Total Funding excl Derivatives 53.94 51.35 64.01 58.55
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 591.2
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 1,676.8
Total Trading Assets at FV through the Income n.a. n.a. n.a. 2,268.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. 4,053.9
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. 1,082.7
Total AFS Assets 16,535.0 19,630.9 7,270.5 5,136.6
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 9.90 9.70 11.00 8.10
Total Capital Ratio 13.50 13.30 13.00 9.70
Equity / Tot Assets 7.44 7.93 9.18 7.63
Equity / Net Loans 14.25 14.62 14.76 11.59
Equity / Cust & Short Term Funding 10.44 11.40 11.17 9.26
Equity / Liabilities 8.29 8.91 10.48 8.44
Cap Funds / Tot Assets 10.26 10.98 12.42 9.61
Cap Funds / Net Loans 19.66 20.24 19.97 14.58
Cap Funds / Dep & ST Funding 14.40 15.78 15.11 11.65
Cap Funds / Liabilities 11.44 12.34 14.18 10.63
Subord Debt / Cap Funds 22.08 22.09 13.74 20.54
Operations
Net Interest Margin 2.90 3.75 4.08 4.59
Net Int Rev / Avg Assets 2.64 3.45 3.63 4.09
Oth Op Inc / Avg Assets 1.36 1.81 1.81 2.06
Non Int Exp / Avg Assets 3.01 4.02 4.98 4.34
Pre-Tax Op Inc / Avg Assets n.a. n.a. n.a. n.a.
Non Op Items & Taxes / Avg Ast -0.29 -0.11 -0.10 -0.44
Return On Avg Assets (ROAA) 0.70 1.14 0.36 1.36
Return On Avg Equity (ROAE) 9.13 13.53 4.25 16.41
Dividend Pay-Out 47.51 2.56 49.77 13.24
Inc Net Of Dist / Avg Equity 4.79 13.18 2.13 14.24
Non Op Items / Net Income n.a. n.a. n.a. n.a.
Cost To Income Ratio 56.12 54.61 52.10 54.52
Recurring Earning Power 1.75 2.39 2.61 2.79
Liquidity
Interbank Ratio 230.57 170.34 60.77 44.63
Net Loans / Tot Assets 52.22 54.25 62.18 65.88
Net Loans / Dep & ST Funding 73.28 77.94 75.66 79.90
Net Loans / Tot Dep & Bor 59.22 61.95 71.88 73.93
Liquid Assets / Dep & ST Funding 38.43 33.44 28.16 26.18
Liquid Assets / Tot Dep & Bor 31.05 26.58 26.75 24.23
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 26.00 42.95 35.98 16.00 84.55 117.13 59.54 n.a.
Market price - February 27.18 43.50 33.00 14.99 85.40 101.70 70.00 n.a.
Market price - March 26.50 39.16 35.20 21.21 86.35 105.38 70.40 n.a.
Market price - April 25.08 37.22 37.00 26.49 104.10 102.83 69.09 40.00
Market price - May 22.18 37.99 35.10 29.71 96.35 116.20 64.67 48.50
Market price - June 25.75 35.54 31.49 24.75 81.17 117.70 67.90 52.81
Market price - July 26.86 34.94 34.88 31.31 80.20 112.16 67.24 46.52
Market price - August 26.58 28.96 32.25 36.85 74.99 106.00 70.40 47.30
Market price - September 28.18 22.16 34.20 44.56 49.97 102.50 84.00 55.55
Market price - October n.a. 20.30 40.50 40.12 24.50 114.10 89.65 52.50
Market price - November n.a. 16.00 37.88 39.50 21.65 111.15 88.80 52.69
Market price - December n.a. 20.07 41.00 39.50 19.30 103.60 115.51 55.55
BETA
Reference index 1: ATX PRIME
Ref. index 1 - Beta - 3 months 1.61
Ref. index 1 - Beta - 1 month 1.70
Ref. index 1 - Beta - 1 year 1.72
Ref. index 1 - Correlation coefficient - 3 months 0.70
Ref. index 1 - Correlation coefficient - 1 month 0.71
Ref. index 1 - Correlation coefficient - 1 year 0.75
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Source : Zephyr
the relevant
ional AG.
pe)
Watch
n.a.
n.a.
n.a.
40.00
48.50
52.81
46.52
47.30
55.55
52.50
52.69
55.55
Oesterreichische Volksbanken AG
Contact details
Bank History :
On September 28, 2012, Oesterreichische Volksbanken AG absorbed Investkredit Bank AG.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname OEVIAS
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 9/5/2012
Name of the Auditor KPMG Austria GmbH Model ALLBANKS
Types of accounts Cons., Uncons. & Add. Cons.
available
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 11,771.4 22,092.4 22,923.2 25,531.2
Gross Loans 12,717.1 23,614.9 24,168.6 26,027.8
Less: Reserves for Impaired Loans/ NPLs 945.7 1,522.5 1,245.4 496.6
Other Earning Assets 17,762.7 18,714.5 19,698.9 18,943.2
Loans and Advances to Banks 7,964.3 6,431.9 5,961.7 6,162.9
Derivatives 1,801.2 1,662.8 1,564.0 823.1
Other Securities 7,688.9 10,285.0 10,336.9 10,104.6
Remaining earning assets 308.3 334.8 1,836.3 1,852.6
Total Earning Assets 29,534.1 40,806.9 42,622.1 44,474.4
Fixed Assets 127.8 248.1 263.1 272.3
Non-Earning Assets 11,472.7 5,409.8 5,231.2 11,068.2
Total Assets 41,134.6 46,464.8 48,116.4 55,814.9
Notes
Impaired Loans (Memo) 1,934.0 3,651.0 2,708.0 n.a.
Loan Loss Reserves (Memo) 945.7 1,522.5 1,245.4 496.6
Liquid Assets (Memo) 9,191.8 9,678.8 10,236.8 11,694.6
Intangibles (Memo) 13.8 125.3 131.8 129.8
Off Balance Sheet Items n.a. n.a. n.a. n.a.
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 371.0 753.5 547.0 1,070.0
Other Operating Income -260.8 300.4 62.7 198.1
Net Gains (Losses) on Trading and Derivatives -83.6 39.5 178.4 51.9
Net Gains (Losses) on Assets at FV through Income -23.4 27.5 -15.3 -104.0
Statement
Net Fees and Commissions 94.3 166.9 150.0 185.0
Remaining Operating Income -248.1 66.5 -250.4 65.2
Overheads 381.5 582.7 741.4 795.7
Loan Loss Provisions 103.6 364.3 863.4 143.7
Other -384.3 -16.1 51.7 -730.6
Profit before Tax -759.2 90.8 -943.4 -401.9
Tax 98.1 34.3 179.6 -191.0
Net Income -989.3 56.5 -1,123.0 -210.9
Operating Income (Memo) 110.2 1,053.9 609.7 1,268.1
Net Gains (Losses) on Trading and Derivatives -83.6 39.5 178.4 51.9
Net Gains (Losses) on Other Securities -331.2 15.4 -315.0 -201.8
Net Gains (Losses) on Assets at FV through Income -23.4 27.5 -15.3 -104.0
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions 94.3 166.9 150.0 185.0
Other Operating Income 83.1 51.1 64.6 267.0
Total Non-Interest Operating Income -260.8 300.4 62.7 198.1
Personnel Expenses 167.1 291.3 277.6 308.4
Other Operating Expenses 214.4 291.4 463.8 487.3
Total Non-Interest Expenses 381.5 582.7 741.4 795.7
Memo: Net Income after Allocation to Non- -989.3 55.4 -1,084.2 -152.0
controlling Interests
Memo: Common Dividends Relating to the Period 0.0 0.0 0.0 0.0
Memo: Preferred Dividends Related to the Period 0.0 0.0 0.0 0.0
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans 2,578.9 12,661.0 13,647.5 14,280.8
Corporate & Commercial Loans 9,640.9 10,650.3 10,181.8 11,160.4
Other Loans 497.3 303.6 339.3 586.6
Less: Reserves for Impaired Loans/ NPLs 945.7 1,522.5 1,245.4 496.6
Net Loans 11,771.4 22,092.4 22,923.2 25,531.2
Gross Loans 12,717.1 23,614.9 24,168.6 26,027.8
Memo: Impaired Loans included above 1,934.0 3,651.0 2,708.0 n.a.
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 7,964.3 6,431.9 5,961.7 6,162.9
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 796.6 1,264.5 1,267.0 1,656.1
Derivatives 1,801.2 1,662.8 1,564.0 823.1
Available for Sale Securities 3,467.6 4,655.4 4,466.3 3,066.2
Held to Maturity Securities 1,375.9 1,736.7 1,959.2 2,352.7
At-equity Investments in Associates 592.2 790.5 726.1 891.9
Other Securities 1,456.6 1,837.9 1,918.3 2,137.7
Total Securities 9,490.1 11,947.8 11,900.9 10,927.7
Memo: Government Securities included Above n.a. n.a. n.a. n.a.
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. n.a. 1,711.4 1,716.5
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets 308.3 334.8 124.9 136.1
Total Earning Assets 29,534.1 40,806.9 42,622.1 44,474.4
Non-earning Assets
Cash and Due From Banks 430.9 1,982.4 3,008.1 3,875.6
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 127.8 248.1 263.1 272.3
Goodwill n.a. 65.1 72.1 72.0
Other Intangibles 13.8 60.2 59.7 57.8
Current Tax Assets 22.9 34.3 43.0 50.2
Deferred Tax Assets 111.1 175.8 168.2 365.8
Discontinued Operations 8,875.0 1,719.5 n.a. n.a.
Other Assets 2,019.0 1,372.5 1,880.1 6,646.8
Total Assets 41,134.6 46,464.8 48,116.4 55,814.9
Interest-bearing Liabilities
Customer Deposits - Current 2,712.5 7,186.2 7,179.1 8,530.9
Customer Deposits - Savings 0.2 125.7 136.4 97.1
Customer Deposits - Term n.a. n.a. n.a. n.a.
Total Customer Deposits 2,712.7 7,311.9 7,315.5 8,628.0
Deposits from Banks 11,649.8 14,377.1 16,078.6 20,297.5
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 3,641.6 2,908.7 2,404.9 n.a.
Total Deposits, Money Market and Short-term 18,004.1 24,597.7 25,799.0 28,925.5
Funding
Senior Debt Maturing after 1 Year 9,810.5 13,212.8 14,923.7 14,954.5
Subordinated Borrowing 1,278.7 1,064.0 1,070.0 1,076.7
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 11,089.2 14,276.8 15,993.7 16,031.2
Derivatives 2,999.5 2,651.9 2,208.4 2,110.3
Trading Liabilities n.a. n.a. n.a. n.a.
Total Funding 32,092.8 41,526.4 44,001.1 47,067.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 190.3 186.1 191.0 162.9
Current Tax Liabilities 9.3 8.0 17.4 28.2
Deferred Tax Liabilities 74.4 84.4 129.2 138.1
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations 7,281.9 n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 559.8 1,801.8 803.3 5,314.7
Total Liabilities 40,208.5 43,606.7 45,142.0 52,710.9
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 450.0 800.0 853.1 880.2
Debt
Pref. Shares and Hybrid Capital accounted for as 10.2 1,034.1 1,034.1 n.a.
Equity
Equity
Common Equity 328.3 342.2 293.4 1,434.8
Non-controlling Interest 395.7 865.4 943.2 993.2
Securities Revaluation Reserves -243.9 -183.6 -149.4 -204.2
Foreign Exchange Revaluation Reserves -14.2 n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. n.a.
OCI
Total Equity 465.9 1,024.0 1,087.2 2,223.8
Total Liabilities and Equity 41,134.6 46,464.8 48,116.4 55,814.9
Memo: Fitch Core Capital 341.0 722.9 787.2 1,728.2
Memo: Fitch Eligible Capital 487.1 2,032.7 2,124.6 2,468.9
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.10 4.74 4.82 4.80
Interest Expense on Customer Deposits/ Average 2.15 2.71 2.59 3.14
Customer Deposits%
Interest Income/ Average Earning Assets% 3.91 4.63 4.75 5.21
Interest Expense/ Average Interest-bearing 2.85 2.86 3.45 3.42
Liabilities%
Net Interest Income/ Average Earning Assets% 1.02 1.75 1.19 1.67
Net Int. Inc Less Loan Impairment Charges/ Av. 0.73 0.91 -0.69 1.44
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.02 1.75 1.19 1.67
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% -236.66 28.50 10.28 15.62
Non-Interest Expense/ Gross Revenues% 346.19 55.29 121.60 62.75
Non-Interest Expense/ Average Assets% 0.87 1.21 1.40 1.07
Pre-impairment Op. Profit/ Average Equity% -24.21 30.80 -5.92 17.37
Pre-impairment Op. Profit/ Average Total Assets% -0.62 0.98 -0.25 0.64
Loans and securities impairment charges/ Pre- -38.19 77.31 -655.58 30.42
impairment Op. Profit%
Operating Profit/ Average Equity% -33.46 6.99 -44.73 12.09
Operating Profit/ Average Total Assets% -0.85 0.22 -1.88 0.44
Taxes/ Pre-tax Profit% -12.92 37.78 -19.04 47.52
Pre-Impairment Operating Profit / Risk Weighted -1.03 1.69 -0.45 1.42
Assets%
Operating Profit / Risk Weighted Assets% -1.43 0.38 -3.37 0.99
Other Profitability Ratios
Net Income/ Average Total Equity% -88.29 3.69 -50.48 -7.76
Net Income/ Average Total Assets% -2.25 0.12 -2.12 -0.28
Fitch Comprehensive Income/ Average Total Equity -95.11 0.73 -48.94 -13.06
%
Fitch Comprehensive Income/ Average Total Assets -2.43 0.02 -2.05 -0.48
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -3.77 0.20 -3.81 -0.63
Fitch Comprehensive Income/ Risk Weighted -4.06 0.04 -3.69 -1.07
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 1.30 2.59 2.67 5.20
Fitch Eligible Capital/ Weighted Risks% 1.85 7.29 7.20 7.42
Tangible Common Equity/ Tangible Assets% 0.83 1.57 1.65 3.12
Tier 1 Regulatory Capital Ratio% 8.78 9.37 9.20 7.14
Total Regulatory Capital Ratio% 12.66 12.78 12.48 9.72
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% 1.13 2.20 2.26 3.98
Cash Dividends Paid & Declared/ Net Income% 0.00 0.00 0.00 0.00
Cash Dividend Paid & Declared/ Fitch 0.00 0.00 0.00 0.00
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -212.34 5.52 -103.29 -9.48
Loan Quality
Growth of Total Assets% -11.47 -3.43 -13.79 -29.03
Growth of Gross Loans% -46.15 -2.29 -7.14 -33.34
Impaired Loans(NPLs)/ Gross Loans% 15.21 15.46 11.20 n.a.
Reserves for Impaired Loans/ Gross loans% 7.44 6.45 5.15 1.91
Reserves for Impaired Loans/ Impaired Loans% 48.90 41.70 45.99 n.a.
Impaired Loans less Reserves for Imp Loans/ Equity 212.13 207.86 134.53 n.a.
%
Loan Impairment Charges/ Average Gross Loans% 0.53 1.51 3.15 0.40
Net Charge-offs/ Average Gross Loans% n.a. n.a. n.a. n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + 15.21 15.46 11.20 n.a.
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 468.80 322.97 330.38 301.67
Interbank Assets/ Interbank Liabilities% 68.36 44.74 37.08 30.36
Customer Deposits/ Total Funding excl Derivatives 9.32 18.81 17.50 19.19
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 244.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 18.5
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. 262.5
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 4,168.2
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 276.5
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 3,467.6 4,655.4 4,466.3 3,066.2
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 2,379.2
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.06 1.81 1.26 1.84
Net Int Rev / Avg Assets 0.85 1.59 1.05 1.59
Oth Op Inc / Avg Assets -0.60 0.64 0.12 0.30
Non Int Exp / Avg Assets 1.11 2.00 3.09 1.40
Pre-Tax Op Inc / Avg Assets -0.86 0.23 -1.92 0.49
Non Op Items & Taxes / Avg Ast -1.10 -0.11 -0.25 -0.80
Return On Avg Assets (ROAA) -2.26 0.12 -2.16 -0.31
Return On Avg Equity (ROAE) -78.08 2.70 -51.69 -8.16
Dividend Pay-Out 0.00 0.00 0.00 0.00
Inc Net Of Dist / Avg Equity -78.08 2.70 -51.69 -8.16
Non Op Items / Net Income 38.85 -28.50 -4.60 346.42
Cost To Income Ratio 346.19 55.29 121.60 62.75
Recurring Earning Power -0.62 1.00 -0.25 0.70
Liquidity
Interbank Ratio 68.36 44.74 37.08 30.36
Net Loans / Tot Assets 28.62 47.55 47.64 45.74
Net Loans / Dep & ST Funding 65.38 89.82 88.85 88.27
Net Loans / Tot Dep & Bor 38.20 54.60 53.40 55.51
Liquid Assets / Dep & ST Funding 51.05 39.35 39.68 40.43
Liquid Assets / Tot Dep & Bor 29.83 23.92 23.85 25.43
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 72.00 126.00 124.60 160.54 324.00 349.65 230.10 230.10
Market price - February 49.00 127.50 129.00 153.85 318.00 365.30 229.60 n.a.
Market price - March 32.11 128.15 129.00 n.a. n.a. 360.00 230.10 n.a.
Market price - April 50.00 131.65 129.00 152.50 312.00 349.03 231.10 230.10
Market price - May 29.00 134.10 n.a. 155.30 327.00 340.01 226.30 224.29
Market price - June 29.00 134.10 129.00 156.00 298.00 333.00 304.50 224.29
Market price - July 26.00 134.10 128.50 155.00 252.00 336.00 257.80 224.29
Market price - August 15.05 129.70 n.a. 148.00 252.00 341.00 253.11 224.29
Market price - September 13.51 116.50 n.a. 141.00 242.00 329.03 253.01 224.29
Market price - October n.a. 96.00 127.00 140.00 200.50 321.00 266.00 226.50
Market price - November n.a. 84.00 n.a. 132.89 161.46 327.00 n.a. 230.10
Market price - December n.a. 78.00 127.00 128.91 169.50 333.00 292.01 230.10
Date News
1 27/02/2012 Austria Republic to acquire stake in Österreichische
Volksbanken-AG via capital increase (deal no. 1601346836)
2 15/02/2012 Sberbank completes acquisition of Volksbank International (deal
no. 1601262614)
3 20/12/2011 Österreichische Volksbanken-AG divests mionority stake in
Victoria-Volksbanken to Ergo Austria (deal no. 1601327033)
4 31/10/2011 Österreichische Volksbanken-AG transferred its stake in
Volksbank Romania to VBI Beteiligungs (deal no. 1601368414)
Source : Zephyr
P014291958
14. Erika Mork - Member, Supervisory Board SupB VI
P134265437 (Delegated by staff Council)
(since 08/09/2011)
15. Mr. Franz Nebel - Member, Supervisory Board SupB VI
P039737941
16. Anton Pauschenwein - Member, Supervisory Board SupB VI
P122012017
17. Michaela Pokorny - Member, Supervisory Board SupB VI
P039739913 (Delegated by the Staff Council)
18. Mr. Claudius Seidl - Member, Supervisory Board SupB VI
P039682703
19. Dr Dieter Seyser - Member, Supervisory Board SupB VI
P134265436 (since 08/09/2011)
20. Prof. Dr Matthäus Thun- - Member, Supervisory Board SupB VI
Hohenstein (Delegated by the Staff Council)
P039692820
21. Dr. Walter Zandanell - Member, Supervisory Board SupB VI
P000306800
22. Mag. Gerald Wenzel - Chairman of the Managing Board ExeB VI
P039739912
23. Mr. Michael Mendel - Deputy Chairman of the ExeB VI
P039739901 Managing Board (Risk)
24. MBA Martin Fuchsbauer - Member, Managing Board ExeB VI
P039741599
25. Mag. Wolfgang Perdich - Member, Managing Board ExeB VI
P039592261
26. Dkfm. Werner Eidherr - Member, Advisory Board AdvB VI
P039740133
27. Mr. Johannes Fleischer - Member, Advisory Board AdvB VI
P039765240
28. Dr. Hermann Geissler - Member, Advisory Board AdvB VI
P000201777
29. Mr. Johannes Jelenik - Member of the Advisory Board AdvB VI
P039734771
30. Franz Knor - Member, Advisory Board AdvB VI
P134265435
31. Mr. Michael Perschka - Member, Advisory Board AdvB VI
P039729949
32. Dr. Gerhard Reiner - Member, Advisory Board AdvB VI
P039719184
33. Wolfgang Schauer - Member, Advisory Board AdvB VI
P134265434
34. Mr. Othmar Schmid - Member, Advisory Board AdvB VI
P039738199
35. Gerhard Schwaiger - Member, Advisory Board AdvB VI
P134265433
36. Mag. Peter Sekot - Member, Advisory Board AdvB VI
P039746057
37. Mag. Bernd Spohn - Member, Advisory Board AdvB VI
P000216226
38. Mr. Helmut Stieb - Member, Advisory Board AdvB VI
P039729947
39. Präs. BR KR Sonja Zwazl - Member, Advisory Board AdvB VI
P000193279
40. Viktor Lebloch - Deputy State Commissioner OthBC VI
P096612196
41. Heinrich Lorenz - State Commissioner OthBC VI
P132366219
Management & staff
Name Original job title Dept Source
1. Mag. Gerald Wenzel - Chief Executive Officer SenMan VI
P039739912
2. Mr. Michael Mendel - Deputy Chief Executive Officer SenMan VI
P039739901
3. Viktor Lebloch - Senior Legal Secretary LegDep VI
P096612196
4. Heinrich Lorenz - Seniour Legal Secretary LegDep VI
P132366219
0
36 83
ksbank.at
ope)
ager for more
Watch
230.10
n.a.
n.a.
230.10
224.29
224.29
224.29
224.29
224.29
226.50
230.10
230.10
Dexia
Contact details
Peer Group
Peer Group Name Bank Holding Companies Europe (Excl. Eastern Europe)
Size 178
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BBB 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 173,550.0 352,307.0 353,987.0 368,845.0
Gross Loans 175,478.0 356,803.0 358,059.0 372,434.0
Less: Reserves for Impaired Loans/ NPLs 1,928.0 4,496.0 4,072.0 3,589.0
Other Earning Assets 120,427.0 201,285.0 207,233.0 262,770.0
Loans and Advances to Banks 45,728.0 53,379.0 47,427.0 61,864.0
Derivatives 31,318.0 51,080.0 44,307.0 59,151.0
Other Securities 43,381.0 96,826.0 115,499.0 141,755.0
Remaining earning assets n.a. n.a. n.a. 0.0
Total Earning Assets 293,977.0 553,592.0 561,220.0 631,615.0
Fixed Assets 736.0 2,346.0 2,396.0 2,353.0
Non-Earning Assets 118,046.0 10,797.0 14,014.0 17,038.0
Total Assets 412,759.0 566,735.0 577,630.0 651,006.0
Notes
Impaired Loans (Memo) 2,362.0 5,554.0 4,808.0 3,534.0
Loan Loss Reserves (Memo) 1,928.0 4,496.0 4,072.0 3,589.0
Liquid Assets (Memo) 51,610.0 65,933.0 60,177.0 80,356.0
Intangibles (Memo) 1,185.0 2,276.0 2,177.0 2,193.0
Off Balance Sheet Items n.a. n.a. n.a. n.a.
INCOME STATEMENT
Audited Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 750.0 3,963.0 5,144.0 6,244.0
Other Operating Income -5,133.0 1,280.0 1,020.0 1,069.0
Net Gains (Losses) on Trading and Derivatives n.a. n.a. n.a. n.a.
Net Gains (Losses) on Assets at FV through Income -56.0 28.0 215.0 -1,040.0
Statement
Net Fees and Commissions 95.0 1,333.0 1,228.0 1,431.0
Remaining Operating Income -5,172.0 -81.0 -423.0 678.0
Overheads 1,114.0 3,558.0 3,518.0 3,847.0
Loan Loss Provisions 551.0 641.0 1,096.0 1,132.0
Other -196.0 -120.0 -147.0 -6,211.0
Profit before Tax -6,244.0 924.0 1,403.0 -3,877.0
Tax 161.0 127.0 314.0 -629.0
Net Income -11,641.0 797.0 1,089.0 -3,248.0
Operating Income (Memo) -4,383.0 5,238.0 6,125.0 7,314.0
Net Gains (Losses) on Trading and Derivatives n.a. n.a. n.a. n.a.
Net Gains (Losses) on Other Securities -5,226.0 244.0 -130.0 710.0
Net Gains (Losses) on Assets at FV through Income -56.0 28.0 215.0 -1,040.0
Statement
Net Insurance Income 12.0 -362.0 -349.0 22.0
Net Fees and Commissions 95.0 1,333.0 1,228.0 1,431.0
Other Operating Income 42.0 32.0 17.0 -53.0
Total Non-Interest Operating Income -5,133.0 1,275.0 981.0 1,070.0
Personnel Expenses 722.0 1,733.0 1,758.0 1,974.0
Other Operating Expenses 392.0 1,825.0 1,760.0 1,873.0
Total Non-Interest Expenses 1,114.0 3,558.0 3,518.0 3,847.0
Memo: Net Income after Allocation to Non- -11,639.0 723.0 1,010.0 -3,326.0
controlling Interests
Memo: Common Dividends Relating to the Period 0.0 0.0 0.0 n.a.
Memo: Preferred Dividends Related to the Period 0.0 0.0 0.0 n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 175,478.0 356,803.0 358,059.0 372,434.0
Less: Reserves for Impaired Loans/ NPLs 1,928.0 4,496.0 4,072.0 3,589.0
Net Loans 173,550.0 352,307.0 353,987.0 368,845.0
Gross Loans 175,478.0 356,803.0 358,059.0 372,434.0
Memo: Impaired Loans included above 2,362.0 5,554.0 4,808.0 3,534.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 45,728.0 53,379.0 47,427.0 61,864.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 2,690.0 9,288.0 10,077.0 16,044.0
Derivatives 31,318.0 51,080.0 44,307.0 59,151.0
Available for Sale Securities 40,691.0 87,367.0 105,251.0 125,029.0
Held to Maturity Securities n.a. n.a. n.a. n.a.
At-equity Investments in Associates 0.0 171.0 171.0 682.0
Other Securities n.a. n.a. n.a. n.a.
Total Securities 74,699.0 147,906.0 159,806.0 200,906.0
Memo: Government Securities included Above n.a. n.a. n.a. n.a.
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. n.a. n.a. n.a.
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. n.a. n.a. 0.0
Total Earning Assets 293,977.0 553,592.0 561,220.0 631,615.0
Non-earning Assets
Cash and Due From Banks 4,847.0 3,266.0 2,673.0 2,448.0
Memo: Mandatory Reserves included above 1,655.0 n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 736.0 2,346.0 2,396.0 2,353.0
Goodwill 1,042.0 1,820.0 1,740.0 1,750.0
Other Intangibles 143.0 456.0 437.0 443.0
Current Tax Assets 223.0 136.0 200.0 160.0
Deferred Tax Assets 708.0 2,710.0 2,719.0 3,979.0
Discontinued Operations 110,359.0 50.0 4,350.0 6,260.0
Other Assets 724.0 2,359.0 1,895.0 1,998.0
Total Assets 412,759.0 566,735.0 577,630.0 651,006.0
Interest-bearing Liabilities
Customer Deposits - Current 1,981.0 40,120.0 39,663.0 33,681.0
Customer Deposits - Savings 6,544.0 37,990.0 33,859.0 26,072.0
Customer Deposits - Term 8,345.0 26,892.0 24,217.0 42,587.0
Total Customer Deposits 16,870.0 105,002.0 97,739.0 102,340.0
Deposits from Banks 106,384.0 98,490.0 123,724.0 213,192.0
Repos and Cash Collateral 2,549.0 22,058.0 23,211.0 12,388.0
Other Deposits and Short-term Borrowings 65,351.0 48,650.0 57,347.0 87,610.0
Total Deposits, Money Market and Short-term 191,154.0 274,200.0 302,021.0 415,530.0
Funding
Senior Debt Maturing after 1 Year 39,937.0 161,824.0 175,063.0 119,462.0
Subordinated Borrowing 1,691.0 3,679.0 3,886.0 4,182.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 41,628.0 165,503.0 178,949.0 123,644.0
Derivatives 56,482.0 74,326.0 60,303.0 77,377.0
Trading Liabilities 5,200.0 20,154.0 n.a. n.a.
Total Funding 294,464.0 534,183.0 541,273.0 616,551.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 332.0 1,498.0 1,581.0 1,487.0
Current Tax Liabilities 60.0 124.0 207.0 231.0
Deferred Tax Liabilities 132.0 33.0 31.0 71.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations 116,350.0 0.0 4,332.0 5,691.0
Insurance Liabilities n.a. 15,646.0 13,408.0 16,739.0
Other Liabilities 1,516.0 4,298.0 4,585.0 4,393.0
Total Liabilities 412,854.0 555,782.0 565,417.0 645,163.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 225.0 225.0 225.0 225.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. 1,198.0 1,196.0 1,196.0
Equity
Equity
Common Equity 7,589.0 19,214.0 18,498.0 17,488.0
Non-controlling Interest 1,698.0 585.0 611.0 506.0
Securities Revaluation Reserves -7,895.0 -9,247.0 -7,084.0 -11,875.0
Foreign Exchange Revaluation Reserves n.a. n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated -1,712.0 -1,022.0 -1,233.0 -1,697.0
OCI
Total Equity -320.0 9,530.0 10,792.0 4,422.0
Total Liabilities and Equity 412,759.0 566,735.0 577,630.0 651,006.0
Memo: Fitch Core Capital -2,213.0 5,557.0 4,928.0 n.a.
Memo: Fitch Eligible Capital -3,161.4 6,980.0 6,349.0 n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 2.22 3.33 3.63 4.97
Interest Expense on Customer Deposits/ Average 0.99 1.39 1.76 5.06
Customer Deposits%
Interest Income/ Average Earning Assets% 5.34 8.19 10.83 17.81
Interest Expense/ Average Interest-bearing 5.24 7.77 10.26 17.31
Liabilities%
Net Interest Income/ Average Earning Assets% 0.17 0.69 0.87 1.03
Net Int. Inc Less Loan Impairment Charges/ Av. 0.04 0.58 0.68 0.84
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 0.17 0.69 0.87 1.03
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 117.11 24.34 16.02 14.63
Non-Interest Expense/ Gross Revenues% -25.42 67.93 57.44 52.60
Non-Interest Expense/ Average Assets% 0.23 0.61 0.58 0.61
Pre-impairment Op. Profit/ Average Equity% -91.97 16.73 35.30 34.39
Pre-impairment Op. Profit/ Average Total Assets% -1.13 0.29 0.43 0.55
Loans and securities impairment charges/ Pre- -13.59 38.10 43.35 167.95
impairment Op. Profit%
Operating Profit/ Average Equity% -104.47 10.36 20.00 -23.37
Operating Profit/ Average Total Assets% -1.28 0.18 0.25 -0.38
Taxes/ Pre-tax Profit% -2.58 13.74 22.38 16.22
Pre-Impairment Operating Profit / Risk Weighted -6.59 1.20 1.85 2.27
Assets%
Operating Profit / Risk Weighted Assets% -7.49 0.74 1.05 -1.54
Other Profitability Ratios
Net Income/ Average Total Equity% -194.76 7.91 14.53 -32.23
Net Income/ Average Total Assets% -2.39 0.14 0.18 -0.52
Fitch Comprehensive Income/ Average Total Equity -184.46 -12.14 84.50 -138.94
%
Fitch Comprehensive Income/ Average Total Assets -2.26 -0.21 1.04 -2.24
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -13.96 0.57 0.76 -2.13
Fitch Comprehensive Income/ Risk Weighted -13.22 -0.87 4.42 -9.16
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% -2.65 3.95 3.44 n.a.
Fitch Eligible Capital/ Weighted Risks% -3.79 4.96 4.43 n.a.
Tangible Common Equity/ Tangible Assets% -0.54 0.91 1.21 0.18
Tier 1 Regulatory Capital Ratio% 7.60 13.10 12.30 10.60
Total Regulatory Capital Ratio% 10.30 14.70 14.10 11.80
Core Tier 1 Regulatory Capital Ratio% 6.40 12.10 11.30 n.a.
Equity/ Total Assets% -0.08 1.68 1.87 0.68
Cash Dividends Paid & Declared/ Net Income% 0.00 0.00 0.00 n.a.
Cash Dividend Paid & Declared/ Fitch 0.00 0.00 0.00 n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% n.s. 8.36 10.09 -73.45
Loan Quality
Growth of Total Assets% -27.17 -1.89 -11.27 7.68
Growth of Gross Loans% -50.82 -0.35 -3.86 52.73
Impaired Loans(NPLs)/ Gross Loans% 1.35 1.56 1.34 0.95
Reserves for Impaired Loans/ Gross loans% 1.10 1.26 1.14 0.96
Reserves for Impaired Loans/ Impaired Loans% 81.63 80.95 84.69 101.56
Impaired Loans less Reserves for Imp Loans/ Equity -135.63 11.10 6.82 -1.24
%
Loan Impairment Charges/ Average Gross Loans% 0.19 0.18 0.30 0.41
Net Charge-offs/ Average Gross Loans% n.a. n.a. n.a. 0.01
Impaired Loans + Foreclosed Assets/ Gross Loans + 1.35 1.56 1.34 0.95
Foreclosed Assets%
Funding
Loans/ Customer Deposits% n.s. 339.81 366.34 363.92
Interbank Assets/ Interbank Liabilities% 42.98 54.20 38.33 29.02
Customer Deposits/ Total Funding excl Derivatives 7.09 22.83 20.32 18.98
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 40,691.0 87,367.0 105,251.0 125,029.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 7.60 13.10 12.30 10.60
Total Capital Ratio 10.30 14.70 14.10 11.80
Equity / Tot Assets -0.08 1.89 2.08 0.86
Equity / Net Loans -0.18 3.05 3.39 1.52
Equity / Cust & Short Term Funding -0.17 3.91 3.97 1.35
Equity / Liabilities -0.08 1.94 2.14 0.88
Cap Funds / Tot Assets 0.39 2.58 2.79 1.54
Cap Funds / Net Loans 0.92 4.15 4.55 2.72
Cap Funds / Dep & ST Funding 0.84 5.34 5.33 2.41
Cap Funds / Liabilities 0.39 2.65 2.87 1.56
Subord Debt / Cap Funds 105.95 25.14 24.14 41.72
Operations
Net Interest Margin 0.18 0.71 0.86 1.03
Net Int Rev / Avg Assets 0.15 0.69 0.84 1.00
Oth Op Inc / Avg Assets -1.05 0.22 0.17 0.17
Non Int Exp / Avg Assets 0.34 0.73 0.75 0.79
Pre-Tax Op Inc / Avg Assets -1.24 0.18 0.25 0.37
Non Op Items & Taxes / Avg Ast -0.07 -0.04 -0.08 -0.89
Return On Avg Assets (ROAA) -2.38 0.14 0.18 -0.52
Return On Avg Equity (ROAE) -223.69 7.02 12.37 -29.51
Dividend Pay-Out 0.00 0.00 0.00 n.a.
Inc Net Of Dist / Avg Equity -223.69 7.02 12.37 n.a.
Non Op Items / Net Income 1.68 -15.06 -13.50 191.23
Cost To Income Ratio n.a. 67.86 57.07 52.61
Recurring Earning Power -1.12 0.29 0.43 0.55
Liquidity
Interbank Ratio 41.98 44.28 32.28 27.42
Net Loans / Tot Assets 42.05 62.16 61.28 56.66
Net Loans / Dep & ST Funding 90.79 128.49 117.21 88.77
Net Loans / Tot Dep & Bor 59.28 66.41 65.87 60.23
Liquid Assets / Dep & ST Funding 27.00 24.05 19.93 19.34
Liquid Assets / Tot Dep & Bor 17.63 12.43 11.20 13.12
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 0.34 2.89 4.07 2.22 14.56 20.59 18.29 15.50
Market price - February 0.28 3.00 3.59 1.52 14.17 20.16 18.85 16.22
Market price - March 0.29 2.60 3.99 2.35 16.32 20.20 19.30 16.59
Market price - April 0.19 2.55 3.71 3.37 16.17 21.73 18.91 16.09
Market price - May 0.16 2.43 3.20 4.03 13.70 21.59 17.33 15.94
Market price - June 0.13 2.15 2.74 4.89 9.19 20.99 17.00 16.47
Market price - July 0.22 1.85 3.56 4.98 7.93 19.13 17.34 16.86
Market price - August 0.20 1.63 3.11 5.40 8.76 18.28 18.13 15.97
Market price - September 0.22 1.45 3.06 5.70 6.78 19.21 18.47 16.94
Market price - October n.a. 0.57 3.03 5.14 3.69 20.02 19.14 16.30
Market price - November n.a. 0.38 2.67 4.55 3.08 16.85 18.63 16.74
Market price - December n.a. 0.30 2.46 4.03 2.89 15.58 18.76 17.62
BETA
Reference index 1: BEL20
Ref. index 1 - Beta - 3 months 1.82
Ref. index 1 - Beta - 1 month 1.12
Ref. index 1 - Beta - 1 year 1.65
Ref. index 1 - Correlation coefficient - 3 months 0.45
Ref. index 1 - Correlation coefficient - 1 month 0.26
Ref. index 1 - Correlation coefficient - 1 year 0.36
Reference index 2:
Ref. index 2 - Beta - 3 months n.a.
Ref. index 2 - Beta - 1 month n.a.
Ref. index 2 - Beta - 1 year n.a.
Ref. index 2 - Correlation coefficient - 3 months n.a.
Ref. index 2 - Correlation coefficient - 1 month n.a.
Ref. index 2 - Correlation coefficient - 1 year n.a.
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 05/10/2012 Sale of Dexia BIL completed (deal no. 1601306554)
2 02/10/2012 Dexia injects capital in Banque Internationale à Luxembourg
(deal no. 1601399951)
3 28/09/2012 Sberbank Rossii acquires a majority stake in DenizBank (deal
no. 1601307334)
4 28/09/2012 BIL divests majority in Dexia Asset Management (deal no.
1601399948)
5 05/09/2012 Belfius may need to raise fresh capital (deal no. 1601400572)
6 26/03/2012 Gilde acquires Sovitec from Value Enhancement (deal no.
1601356070)
7 03/02/2012 Banco Bilbao Vizcaya Argentaria mulling over Dexia's
subsidiaries (deal no. 1601339945)
8 13/01/2012 Dexia ‘hires advisor for Belgian asset management sale’ (deal
no. 1601332328)
9 12/01/2012 Hony Capital and GCS Capital may acquire Dexia Asset
Management (deal no. 1601332328)
10 21/12/2011 Qatar moving deeper into Benelux private banking (deal no.
1601306554)
11 20/12/2011 Dexia to absorb Dexia LdG Banque from Dexia BIL (deal no.
1601326644)
12 20/12/2011 Dexia to absorb Dexia BIL's stake in Parfipar (deal no.
1601326648)
13 22/11/2011 Banco Popular wants Dexia to exit Popular Banca Privada (deal
no. 1601318727)
14 15/11/2011 Dexia sells Dexia Kommunalkredit Bank Polska (deal no.
1601316889)
15 24/10/2011 Dexia absorbs Dexia Bank Belgium's stake in Dexia Asset
Management (deal no. 1601306591)
16 20/10/2011 Dexia has closed the sale of Dexia Bank Belgium to SFPI (deal
no. 1601305961)
17 18/10/2011 Qatar National Bank ‘mulls Denizbank bid’ (deal no.
1601307334)
18 14/10/2011 Dexia to sell Dexia Bank Denmark to investors from Qatar (deal
no. 1601309076)
19 30/09/2011 MetLife Inc.'s Turkish business acquires a majority stake in
Deniz Emklilik ve Hayat (deal no. 1601158256)
20 04/07/2011 Dexia reduces stake in Cofinimmo (deal no. 1601289511)
21 30/06/2011 Ethias sells its Dexia stake to Ethias Finance (deal no.
1601154557)
22 24/06/2011 Mediacite Shopping cancels its IPO (deal no. 1601278366)
23 31/05/2011 Dexia to sell majority stake in Crediop (deal no. 1601275030)
24 31/03/2011 Penta Investment acquires majority stake in Dexia Banka
Slovensko (deal no. 1601155916)
25 17/02/2011 EC approves acquisition of Popular Gestión by Allianz (deal no.
1601248035)
26 29/09/2010 CDC not considering partnership of Banque Postale and Dexia
(deal no. 1601219473)
27 06/09/2010 Dexia to sell Adinfo stake (deal no. 1601200497)
28 27/06/2010 An undisclosed Indian bank may acquire a controlling stake in
Dexia Israel (deal no. 1601199565)
29 22/06/2010 Elia announces results of rights issue (deal no. 1601198191)
30 18/06/2010 Elia announces results of rights issue (deal no. 1601173420)
31 01/06/2010 Dexia agrees to sell SPE stake (deal no. 1601079260)
32 06/04/2010 Dexia plans capital increase (deal no. 1601174628)
33 09/03/2010 Assured Guaranty commences secondary offering (deal no.
1601167109)
34 24/02/2010 BlackRock announces stake in Dexia (deal no. 1601168912)
35 12/02/2010 Arco considers Dexia sale (deal no. 1601160218)
36 05/02/2010 Dexia to sell holding in Spanish JV co (deal no. 1601158222)
37 03/02/2010 Taminco withdraws IPO (deal no. 1601121228)
38 19/01/2010 Taminco could launch IPO this week: de Tijd (deal no.
1601121228)
39 11/12/2009 Soc Gen acquires Dexia's Crédit du Nord stake (deal no.
1601120424)
40 11/12/2009 Dexia acquires remaining Dexia Crédit Local stake (deal no.
1601143169)
41 09/12/2009 BNP Paribas Assurance to acquire Dexia Epargne Pension (deal
no. 1601110127)
42 22/11/2009 Soc Gen and Dexia merger proposal rumours (deal no.
1601137290)
43 12/11/2009 Dexia may sell public financing division; pressure rises (deal no.
1601134403)
44 24/10/2009 Montea seek approval for capital increase (deal no.
1601127463)
45 06/10/2009 Société Générale sets its sights on Crédit du Nord (deal no.
1601120424)
46 30/09/2009 Holding Communal issues new shares to Dexia; splits share
capital (deal no. 1601120281)
47 15/09/2009 Dexia Epargne Pension ‘is on the line’ (deal no. 1601110127)
48 01/07/2009 Assured Guaranty completes acquisition Financial Security
Assurance (deal no. 1601028643)
49 04/06/2009 Arcofin plans reduction of Dexia stake (deal no. 1601084566)
50 26/03/2009 Alpha Card acquires BCC Corporate (deal no. 1601065227)
Source : Zephyr
Watch
15.50
16.22
16.59
16.09
15.94
16.47
16.86
15.97
16.94
16.30
16.74
17.62
KBC Bank NV
Contact details
Bank History :
Established on June 4, 1998 through the merger between CERA Bank, Kredietbank KB and Bank van Roeselare N.V.. On
June 26, 1998 KBC Bank NV absorbed CERA Investment Bank NV. In April 2004, absorbed KBC Financial Products
Brussels NV. On May 1, 2009 absorbed KBC Bank Nederland NV.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname KBCBANKI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 6/28/2012
Name of the Auditor Ernst & Young Model ALLBANKS
Bedrijfsrevisoren BCV
Types of accounts Cons., Uncons. & Add. Cons.
available
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BBB 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 136,321.0 144,065.0 146,294.0 156,163.0
Gross Loans 141,457.0 148,975.0 150,127.0 158,984.0
Less: Reserves for Impaired Loans/ NPLs 5,136.0 4,910.0 3,833.0 2,821.0
Other Earning Assets 90,522.0 108,970.0 120,581.0 150,176.0
Loans and Advances to Banks 17,660.0 13,044.0 13,850.0 36,595.0
Derivatives 18,306.0 16,588.0 21,627.0 39,114.0
Other Securities 54,004.0 78,881.0 84,390.0 74,000.0
Remaining earning assets 552.0 457.0 714.0 467.0
Total Earning Assets 226,843.0 253,035.0 266,875.0 306,339.0
Fixed Assets 2,357.0 2,358.0 2,382.0 2,482.0
Non-Earning Assets 11,876.0 21,330.0 12,357.0 9,729.0
Total Assets 241,076.0 276,723.0 281,614.0 318,550.0
Notes
Impaired Loans (Memo) 7,553.0 6,531.0 5,427.0 4,821.0
Loan Loss Reserves (Memo) 5,136.0 4,910.0 3,833.0 2,821.0
Liquid Assets (Memo) 42,059.0 61,434.0 63,062.0 62,091.0
Intangibles (Memo) 1,543.0 1,711.0 1,774.0 2,248.0
Off Balance Sheet Items n.a. n.a. n.a. n.a.
INCOME STATEMENT
Unqualified Unqualified Unqualified Audit n.a.
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 4,765.0 5,064.0 5,000.0 4,151.0
Other Operating Income 1,084.0 1,715.0 61.0 -304.0
Net Gains (Losses) on Trading and Derivatives -290.0 288.0 -2,137.0 -4,124.0
Net Gains (Losses) on Assets at FV through Income -441.0 -351.0 174.0 1,653.0
Statement
Net Fees and Commissions 1,565.0 1,638.0 1,545.0 1,769.0
Remaining Operating Income 250.0 140.0 479.0 398.0
Overheads 3,709.0 3,862.0 4,241.0 4,443.0
Loan Loss Provisions 1,331.0 1,485.0 1,901.0 760.0
Other -110.0 13.0 -1,664.0 -143.0
Profit before Tax 699.0 1,445.0 -2,745.0 -1,499.0
Tax 216.0 -88.0 -237.0 -216.0
Net Income 483.0 1,533.0 -2,508.0 -1,283.0
Operating Income (Memo) 5,901.0 6,833.0 5,072.0 3,845.0
Net Gains (Losses) on Trading and Derivatives -290.0 288.0 -2,137.0 -4,124.0
Net Gains (Losses) on Other Securities 85.0 45.0 174.0 -11.0
Net Gains (Losses) on Assets at FV through Income -441.0 -351.0 174.0 1,653.0
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions 1,565.0 1,638.0 1,545.0 1,769.0
Other Operating Income 217.0 149.0 316.0 407.0
Total Non-Interest Operating Income 1,136.0 1,769.0 72.0 -306.0
Personnel Expenses 1,807.0 1,864.0 1,973.0 2,222.0
Other Operating Expenses 1,902.0 1,998.0 2,268.0 2,221.0
Total Non-Interest Expenses 3,709.0 3,862.0 4,241.0 4,443.0
Memo: Net Income after Allocation to Non- 347.0 1,394.0 -2,491.0 -1,521.0
controlling Interests
Memo: Common Dividends Relating to the Period 120.0 2,122.0 0.0 889.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans 57,118.0 61,056.0 56,323.0 55,154.0
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 84,339.0 87,919.0 93,804.0 103,830.0
Less: Reserves for Impaired Loans/ NPLs 5,136.0 4,910.0 3,833.0 2,821.0
Net Loans 136,321.0 144,065.0 146,294.0 156,163.0
Gross Loans 141,457.0 148,975.0 150,127.0 158,984.0
Memo: Impaired Loans included above 7,553.0 6,531.0 5,427.0 4,821.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 8,412.0 13,044.0 13,850.0 36,595.0
Reverse Repos and Cash Collateral 9,248.0 n.a. n.a. n.a.
Trading Securities and at FV through Income 18,276.0 33,154.0 42,269.0 22,086.0
Derivatives 18,306.0 16,588.0 21,627.0 39,114.0
Available for Sale Securities 24,295.0 34,690.0 32,878.0 39,081.0
Held to Maturity Securities 10,958.0 10,495.0 8,605.0 12,789.0
At-equity Investments in Associates 475.0 542.0 638.0 44.0
Other Securities n.a. n.a. n.a. n.a.
Total Securities 81,558.0 95,469.0 106,017.0 113,114.0
Memo: Government Securities included Above n.a. n.a. 54,253.0 47,064.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 552.0 457.0 461.0 467.0
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. n.a. 253.0 n.a.
Total Earning Assets 226,843.0 253,035.0 266,875.0 306,339.0
Non-earning Assets
Cash and Due From Banks 6,123.0 15,236.0 6,943.0 3,410.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 2,357.0 2,358.0 2,382.0 2,482.0
Goodwill 1,449.0 1,611.0 1,664.0 2,127.0
Other Intangibles 94.0 100.0 110.0 121.0
Current Tax Assets 122.0 70.0 190.0 224.0
Deferred Tax Assets 2,284.0 2,235.0 1,597.0 1,566.0
Discontinued Operations 3.0 54.0 71.0 625.0
Other Assets 1,801.0 2,024.0 1,782.0 1,656.0
Total Assets 241,076.0 276,723.0 281,614.0 318,550.0
Interest-bearing Liabilities
Customer Deposits - Current 38,184.0 48,645.0 39,767.0 48,053.0
Customer Deposits - Savings 32,633.0 40,260.0 38,645.0 28,951.0
Customer Deposits - Term 52,409.0 51,552.0 62,223.0 66,966.0
Total Customer Deposits 123,226.0 140,457.0 140,635.0 143,970.0
Deposits from Banks 19,387.0 20,351.0 43,776.0 61,926.0
Repos and Cash Collateral 23,817.0 23,610.0 n.a. n.a.
Other Deposits and Short-term Borrowings 6,127.0 17,585.0 18,529.0 15,287.0
Total Deposits, Money Market and Short-term 172,557.0 202,003.0 202,940.0 221,183.0
Funding
Senior Debt Maturing after 1 Year 16,695.0 18,535.0 19,662.0 21,763.0
Subordinated Borrowing 6,203.0 7,281.0 6,498.0 5,178.0
Other Funding 3,685.0 3,457.0 2,510.0 n.a.
Total Long Term Funding 26,583.0 29,273.0 28,670.0 26,941.0
Derivatives 23,267.0 23,387.0 1,022.0 40,230.0
Trading Liabilities 497.0 1,811.0 29,613.0 n.a.
Total Funding 222,904.0 256,474.0 262,245.0 288,354.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 852.0 554.0 n.a. 528.0
Current Tax Liabilities 233.0 281.0 322.0 306.0
Deferred Tax Liabilities 214.0 87.0 95.0 54.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 2,670.0 3,081.0 3,587.0 13,015.0
Total Liabilities 226,873.0 260,477.0 266,249.0 302,257.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 2,110.0 2,103.0 2,347.0 3,955.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. n.a. n.a.
Equity
Equity
Common Equity 12,533.0 14,304.0 12,909.0 12,146.0
Non-controlling Interest 975.0 950.0 849.0 1,610.0
Securities Revaluation Reserves -413.0 -386.0 -17.0 -857.0
Foreign Exchange Revaluation Reserves -390.0 -279.0 -349.0 n.a.
Fixed Asset Revaluations and Other Accumulated -612.0 -446.0 -374.0 -561.0
OCI
Total Equity 12,093.0 14,143.0 13,018.0 12,338.0
Total Liabilities and Equity 241,076.0 276,723.0 281,614.0 318,550.0
Memo: Fitch Core Capital 9,043.0 11,363.0 10,443.0 n.a.
Memo: Fitch Eligible Capital 9,043.0 13,043.8 12,303.8 n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.55 4.46 4.77 6.14
Interest Expense on Customer Deposits/ Average n.a. n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.83 3.49 3.81 5.22
Interest Expense/ Average Interest-bearing 1.86 1.59 2.13 4.03
Liabilities%
Net Interest Income/ Average Earning Assets% 1.98 1.90 1.75 1.35
Net Int. Inc Less Loan Impairment Charges/ Av. 1.43 1.34 1.08 1.10
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.98 1.90 1.75 1.35
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 19.25 25.89 1.42 -7.96
Non-Interest Expense/ Gross Revenues% 62.85 56.52 83.62 115.55
Non-Interest Expense/ Average Assets% 1.42 1.34 1.41 1.39
Pre-impairment Op. Profit/ Average Equity% 15.71 22.63 7.50 -4.73
Pre-impairment Op. Profit/ Average Total Assets% 0.82 1.01 0.27 -0.19
Loans and securities impairment charges/ Pre- 73.74 53.17 242.07 -233.05
impairment Op. Profit%
Operating Profit/ Average Equity% 4.13 10.60 -10.66 -15.76
Operating Profit/ Average Total Assets% 0.21 0.47 -0.39 -0.62
Taxes/ Pre-tax Profit% 30.90 -6.09 8.63 14.41
Pre-Impairment Operating Profit / Risk Weighted 2.01 2.61 0.67 -0.44
Assets%
Operating Profit / Risk Weighted Assets% 0.53 1.22 -0.95 -1.46
Other Profitability Ratios
Net Income/ Average Total Equity% 3.55 11.89 -22.94 -10.19
Net Income/ Average Total Assets% 0.18 0.53 -0.83 -0.40
Fitch Comprehensive Income/ Average Total Equity 1.15 9.11 -16.54 -18.37
%
Fitch Comprehensive Income/ Average Total Assets 0.06 0.41 -0.60 -0.72
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.45 1.37 -2.04 -0.95
Fitch Comprehensive Income/ Risk Weighted Assets 0.15 1.05 -1.47 -1.71
%
Capitalization
Fitch Core Capital/Weighted Risks% 8.51 10.17 8.49 n.a.
Fitch Eligible Capital/ Weighted Risks% 8.51 11.68 10.00 n.a.
Tangible Common Equity/ Tangible Assets% 4.02 4.21 3.79 3.15
Tier 1 Regulatory Capital Ratio% 11.60 12.40 10.92 9.60
Total Regulatory Capital Ratio% 15.40 16.60 14.43 13.20
Core Tier 1 Regulatory Capital Ratio% 9.60 10.50 9.00 n.a.
Equity/ Total Assets% 5.02 5.11 4.62 3.87
Cash Dividends Paid & Declared/ Net Income% 24.84 138.42 0.00 -69.29
Cash Dividend Paid & Declared/ Fitch Comprehensive 76.92 180.75 0.00 -38.42
Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 3.00 -4.16 -19.27 -17.60
Loan Quality
Growth of Total Assets% -12.88 -1.74 -11.60 2.93
Growth of Gross Loans% -5.05 -0.77 -5.57 6.90
Impaired Loans(NPLs)/ Gross Loans% 5.34 4.38 3.61 3.03
Reserves for Impaired Loans/ Gross loans% 3.63 3.30 2.55 1.77
Reserves for Impaired Loans/ Impaired Loans% 68.00 75.18 70.63 58.51
Impaired Loans less Reserves for Imp Loans/ Equity 19.99 11.46 12.24 16.21
%
Loan Impairment Charges/ Average Gross Loans% 0.92 0.99 1.22 0.48
Net Charge-offs/ Average Gross Loans% 0.44 0.26 0.31 0.16
Impaired Loans + Foreclosed Assets/ Gross Loans + 5.34 4.38 3.61 3.03
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 114.79 106.06 106.75 110.43
Interbank Assets/ Interbank Liabilities% 43.39 64.10 31.64 59.09
Customer Deposits/ Total Funding excl Derivatives% 61.73 60.26 53.84 58.02
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 16,195.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 5,494.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 397.0
Total Trading Assets at FV through the Income n.a. n.a. n.a. 22,086.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 6,745.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. 30,470.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 1,024.0
AFS Assets - Other n.a. n.a. n.a. 842.0
Total AFS Assets 24,295.0 34,690.0 32,878.0 39,081.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 5,113.0
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.99 1.95 1.75 1.38
Net Int Rev / Avg Assets 1.84 1.81 1.67 1.32
Oth Op Inc / Avg Assets 0.42 0.61 0.02 -0.10
Non Int Exp / Avg Assets 1.95 1.92 2.05 1.66
Pre-Tax Op Inc / Avg Assets 0.31 0.51 -0.36 -0.43
Non Op Items & Taxes / Avg Ast -0.13 0.04 -0.48 0.02
Return On Avg Assets (ROAA) 0.19 0.55 -0.84 -0.41
Return On Avg Equity (ROAE) 3.68 11.29 -19.78 -10.16
Dividend Pay-Out 24.85 138.42 0.00 -69.29
Inc Net Of Dist / Avg Equity 2.77 -4.34 -19.78 -17.19
Non Op Items / Net Income -22.77 0.85 66.35 11.15
Cost To Income Ratio 63.41 56.97 83.80 115.49
Recurring Earning Power 0.83 1.05 0.27 -0.19
Liquidity
Interbank Ratio 40.88 29.67 31.64 59.10
Net Loans / Tot Assets 56.55 52.06 51.95 49.02
Net Loans / Dep & ST Funding 79.00 71.32 72.09 70.60
Net Loans / Tot Dep & Bor 62.91 57.81 57.20 55.15
Liquid Assets / Dep & ST Funding 24.37 30.41 31.07 28.07
Liquid Assets / Tot Dep & Bor 19.41 24.65 24.66 21.93
Date News
1 19/09/2012 KBC Lease Deutschland in MBO (deal no. 1601404444)
2 07/02/2012 Pescanova in convertible bonds offer (deal no. 1601341406)
3 09/11/2011 Industrial and Commercial Bank of China will not acquire
Antwerp Diamond Bank (deal no. 1601315614)
4 03/11/2011 The Riverside company acquires Keymile (deal no. 1601313583)
13 21/01/2010 Sinopower to acquire Gao Feng from SRE Investment (deal no.
1603049137)
14 18/01/2010 KBC is planning to cancel sale of CSOB (deal no. 1601151857)
15 14/12/2009 KBC has acquired the remaining stake in Ceskoslovenská
Obchodná Banka (deal no. 1601144167)
16 10/12/2009 TiGenix completes private placement (deal no. 1601131436)
17 09/12/2009 Kredyt Bank to sell Zagiel (deal no. 1601110570)
18 05/11/2009 TiGenix mulls capital hike: report (deal no. 1601131436)
19 03/11/2009 ASM increases convertible bond value (deal no. 1601130440)
20 31/10/2009 Swire Pacific acquires shares in HAECO from Cathay Pacific
Airways (deal no. 1603035597)
21 30/09/2009 UCB raises value of convertible bond issue (deal no.
1601118319)
22 01/09/2009 Regenersis acquires Total Repair Solutions (deal no.
1601101291)
23 13/08/2009 Valley Green Technology buys L & M Group Investments Ltd's
sale entities (deal no. 1603007034)
24 04/06/2009 Cegedel has been delisted (deal no. 623467)
25 26/03/2009 Equation Corp completes rights issue (deal no. 1603011533)
26 26/03/2009 Alpha Card acquires BCC Corporate (deal no. 1601065227)
27 16/03/2009 Johnson Controls completes public offering of Convertible Senior
Notes (deal no. 1601058750)
28 16/03/2009 Johnson Controls completes public offering of equity units (deal
no. 1601058768)
29 10/03/2009 Johnson Controls makes call for cash (deal no. 1601058750)
30 31/12/2008 KBC Bank completes takeover of SIBANK (deal no. 585266)
31 16/12/2008 GIMV sells stake in Sfinc (deal no. 1601037582)
32 01/12/2008 Imtech acquires NVS (deal no. 1601028452)
33 31/10/2008 MBO team acquires Sobeltec (deal no. 1601033319)
34 30/10/2008 HG Metal acquires majority stake in BRC Asia (deal no.
1603001814)
35 30/10/2008 KLW Holdings Ltd holds rights issue with warrants (deal no.
1603000702)
36 23/10/2008 Management buys out Liberty Printers (deal no. 1601068029)
37 24/09/2008 Tri-Wall postpones IPO (deal no. 1601018992)
38 18/09/2008 HG Metal acquires stake in BRC Asia (deal no. 1603001812)
39 23/05/2008 E-Capital looks to tie up Gevaert Bandweverij exit (deal no.
329035)
40 22/05/2008 Atrium Innovations completes sale of its actives and chemicals
division (deal no. 606524)
41 25/04/2008 Ideaxis in MBO. (deal no. 637407)
42 01/04/2008 Fortis Recruitment Group Ltd has acquired Westaff UK. (deal no.
630585)
43 11/02/2008 Kinetic Engineering issues FCCBs. (deal no. 632925)
44 17/12/2007 Patron Capital invests in Equidebt Holdings (deal no. 615440)
45 17/12/2007 Patron Capital invests in Equidebt Holdings (deal no. 615444)
46 11/12/2007 Hansen Transmissions starts trading on London Stock Exchange.
(deal no. 581445)
47 10/12/2007 Prime Focus completes FCCB placement (deal no. 617271)
48 14/11/2007 EMS Energy Ltd to hold rights issue (deal no. 1000011346)
49 12/11/2007 Pinguin NV completes capital increase. (deal no. 551844)
50 05/11/2007 Top Global to carry out rights issue (deal no. 1000011099)
Source : Zephyr
7. Mr. Jan Oscar Cyriel Vanhevel - Chief Executive Officer SenMan VI
P039811176
8. Mr. Marko Voljč - Managing Director SenMan BC
P039820523 (from 25/04/2012
to 24/04/2018)
- CEO of the Central & Eastern Oper VI
Europe Business Unit
9. Mr. Guido Apers - Decision-maker SenMan BC
P123994326
10. Mrs. Marie-Christina Apers - Decision-maker SenMan BC
P123994316
11. Mr. Danny Baert - Decision-maker SenMan BC
P123993927
12. Mrs. Dorine Bauwens - Decision-maker SenMan BC
P123953098
13. Mrs. Hanne Bax - Decision-maker SenMan BC
P123994353
14. Mr. Willy Beerlandt - Decision-maker SenMan BC
P123994323
15. Mr. Hubert Benoot - Decision-maker SenMan BC
P123872147
16. Mr. Sander Bernaert - Decision-maker SenMan BC
P123994946
17. Mrs. Sofie Bicke - Decision-maker SenMan BC
P123994352
18. Mr. Harry Rene Bleyens - Decision-maker SenMan BC
18.
P123843882
19. Mrs. Milena Bogaerts - Decision-maker SenMan BC
P123994355
20. Mrs. Claudia Bollaert - Decision-maker SenMan BC
P123994338
21. Mr. Wim Boon - Decision-maker SenMan BC
P123867068
22. Mr. Patrick Brantegem - Decision-maker SenMan BC
P123993911
23. Mrs. Karin Brys - Decision-maker SenMan BC
P123994299
24. Mrs. Bianca Carlier - Decision-maker SenMan BC
P123993957
25. Mr. Wouter Casteels - Decision-maker SenMan BC
P123953129
26. Mrs. Laura Casteels - Decision-maker SenMan BC
P123993958
27. Mrs. Celine Castelli - Decision-maker SenMan BC
P123994308
28. Mrs. Sandrina Ceuninck - Decision-maker SenMan BC
P123994356
29. Mr. Koen Cleymans - Decision-maker SenMan BC
P123994321
30. Mrs. Nele Clinckemaillie - Decision-maker SenMan BC
P123994307
31. Mr. Borris Coenen - Decision-maker SenMan BC
P123994351
32. Mrs. Martine Colpaert - Decision-maker SenMan BC
P123994343
33. Mr. Walter Daems - Decision-maker SenMan BC
P123872947
34. Mr. Dimitri Danckaert - Decision-maker SenMan BC
P123993954
35. Mrs. Marina Das - Decision-maker SenMan BC
P123905626
36. Mrs. Leontine De Backer - Decision-maker SenMan BC
P123993951
37. Mrs. Liliane De Baerdemaeker - Decision-maker SenMan BC
P123994350
38. Mrs. Gerda De Boeck - Decision-maker SenMan BC
P123994270
39. Mrs. Tanja De Caluwe - Decision-maker SenMan BC
P123994275
40. Mrs. Stephanie De Clercq - Decision-maker SenMan BC
P123954165
41. Mr. Jelle De Coninck - Decision-maker SenMan BC
P123994279
42. Mrs. Magda De Jonge - Decision-maker SenMan BC
P123994262
43. Mr. Stefaan De Keyser - Decision-maker SenMan BC
P123994278
44. Mr. Kristiaan De Laet - Decision-maker SenMan BC
P123948913
45. Mrs. Anja De Meerleer - Decision-maker SenMan BC
P123994358
46. Mrs. Annick De Meester - Decision-maker SenMan BC
P123993959
47. Mrs. Regine De Pauw - Decision-maker SenMan BC
P123994294
48. Mr. Patrick De Rechter - Decision-maker SenMan BC
P123994357
49. Mr. Erik De Rick - Decision-maker SenMan BC
P123994263
50. Mrs. Els De Saveur - Decision-maker SenMan BC
P123994339
51. Mr. Robby De Schutter - Decision-maker SenMan BC
P123994314
52. Mrs. Cindy De Vos - Decision-maker SenMan BC
P123994313
53. Mrs. Pascale De Vos - Decision-maker SenMan BC
P123994312
54. Mr. Thomas Debacker - Decision-maker SenMan BC
P123520089
55. Mrs. Katleen Debrucker - Decision-maker SenMan BC
P123994271
56. Mr. Geert Deceuninck - Decision-maker SenMan BC
P123994305
57. Mr. Kurt Degruytere - Decision-maker SenMan BC
P123994304
58. Mr. Gert Dekeyser - Decision-maker SenMan BC
P123960438
59. Mr. Marc Deleu - Decision-maker SenMan BC
P123920458
60. Mr. Johan Derluyn - Decision-maker SenMan BC
P123834437
61. Mr. Wim Deschout - Decision-maker SenMan BC
P123994296
62. Mr. Francis Devolder - Decision-maker SenMan BC
P123994302
63. Mr. Philippe Devos - Decision-maker SenMan BC
P129665491
64. Mr. Kobe Dewaele - Decision-maker SenMan BC
P123994309
65. Mrs. Godelieve Duymelinck - Decision-maker SenMan BC
P123994325
66. Mr. Sanae El Guennouni - Decision-maker SenMan BC
P123993945
67. Mrs. Helen Ennekens - Decision-maker SenMan BC
P123994311
68. Mr. Luc Feyens - Decision-maker SenMan BC
P123994264
69. Mrs. Floortje Firlefin - Decision-maker SenMan BC
P123994333
70. Mrs. Andrea Frulleux - Decision-maker SenMan BC
P123994341
71. Mrs. Isabelle Geeraert - Decision-maker SenMan BC
P123994345
72. Mrs. Stephanie Geeraert - Decision-maker SenMan BC
P123975258
73. Mrs. Christele Geselle - Decision-maker SenMan BC
P123994265
74. Mrs. Veronique Goemaere - Decision-maker SenMan BC
P123994303
75. Mr. Jean-Pierre Goossens - Decision-maker SenMan BC
P123928474
76. Mrs. Sonja Gorzkiewicz - Decision-maker SenMan BC
P123994315
77. Mr. Danny Gusse - Decision-maker SenMan BC
77.
P123955386
78. Mrs. Vicky Haubourdin - Decision-maker SenMan BC
P123994354
79. Mr. Christophe Heerinckx - Decision-maker SenMan BC
P123968908
80. Mrs. Carine Hens - Decision-maker SenMan BC
P123993952
81. Mrs. Katrien Heselmans - Decision-maker SenMan BC
P123994947
82. Mr. Roland Huyzentruyt - Decision-maker SenMan BC
P123994293
83. Mr. Bart Hye - Decision-maker SenMan BC
P123994346
84. Mr. Edgard Ivens - Decision-maker SenMan BC
P123994273
85. Mrs. Olivia Joos - Decision-maker SenMan BC
P123993956
86. Mr. Marcel Kersemans - Decision-maker SenMan BC
P123893149
87. Mrs. Catharina Konings - Decision-maker SenMan BC
P123993953
88. Mrs. Talia Lagniau - Decision-maker SenMan BC
P123994360
89. Mr. Willy Lambrechts - Decision-maker SenMan BC
P123994266
90. Mr. Frankie Laperre - Decision-maker SenMan BC
P123993926
91. Mr. Herve Lauwaert - Decision-maker SenMan BC
P123993933
92. Mr. Guido Lenaerts - Decision-maker SenMan BC
P123891263
93. Mr. Frank Leroy - Decision-maker SenMan BC
P123993910
94. Mrs. Myriam Leterme - Decision-maker SenMan BC
P123993918
95. Mr. Joeri Leupe - Decision-maker SenMan BC
P123993919
96. Mrs. Annelies Leyers - Decision-maker SenMan BC
P123927922
97. Mrs. Nele Maertens - Decision-maker SenMan BC
P123897665
98. Mr. Yannick Maes - Decision-maker SenMan BC
P123922849
99. Mr. Jan Maeyaert - Decision-maker SenMan BC
P123965363
100. Mrs. Kathy Manderick - Decision-maker SenMan BC
P123994301
101. Mrs. Lindsay Marien - Decision-maker SenMan BC
P123994335
102. Mrs. Karlien Meersschaut - Decision-maker SenMan BC
P123993941
103. Mrs. Reinhilde Mees - Decision-maker SenMan BC
P123993946
104. Mrs. Martine Mertes - Decision-maker SenMan BC
P123993943
105. Mrs. Hilde Muylle - Decision-maker SenMan BC
P123994344
106. Mrs. Saskia Muylle - Decision-maker SenMan BC
P123994300
107. Mr. Patrick Naulaerts - Decision-maker SenMan BC
P123993929
108. Mr. Ghislain Neyrinck - Decision-maker SenMan BC
P123993930
109. Mr. Patrick Neyrinck - Decision-maker SenMan BC
P123934523
110. Mr. Freddy Neysens - Decision-maker SenMan BC
P123994295
111. Mrs. Karen Ooms - Decision-maker SenMan BC
P123993917
112. Mrs. An Organe - Decision-maker SenMan BC
P123993942
113. Mrs. Inge Pauwels - Decision-maker SenMan BC
P123994336
114. Mr. Jos Pellens - Decision-maker SenMan BC
P123993923
115. Mrs. Herlinda Philips - Decision-maker SenMan BC
P123993950
116. Mr. Kristiaan Pittevils - Decision-maker SenMan BC
P123993947
117. Mr. Frank Platteeuw - Decision-maker SenMan BC
P123993925
118. Mr. Joel Poels - Decision-maker SenMan BC
P123994330
119. Mr. Steven Popelier - Decision-maker SenMan BC
P123993928
120. Mrs. Katrijn Quaghebeur - Decision-maker SenMan BC
P123994948
121. Mrs. Nadja Romer - Decision-maker SenMan BC
P123994331
122. Mr. Emile Rummens - Decision-maker SenMan BC
P123993914
123. Mrs. Claudine Schepens - Decision-maker SenMan BC
P123956039
124. Mr. Johan Schepers - Decision-maker SenMan BC
P123936827
125. Mr. Frank Schofield - Decision-maker SenMan BC
P123993939
126. Mr. Gert Schoofs - Decision-maker SenMan BC
P123994291
127. Mr. Kurt Serruys - Decision-maker SenMan BC
P123918931
128. Mr. Benjamin Silverans - Decision-maker SenMan BC
P123993912
129. Mr. Jean-Pierre Smet - Decision-maker SenMan BC
P123993924
130. Mr. Raymond Smits - Decision-maker SenMan BC
P123994319
131. Mr. Dirk Standaert - Decision-maker SenMan BC
P123883569
132. Mrs. Karen Sterckx - Decision-maker SenMan BC
P123993915
133. Mrs. Joke Suetens - Decision-maker SenMan BC
P123994327
134. Mr. Jos Thoelen - Decision-maker SenMan BC
P123993921
135. Mrs. Linda Tijssens - Decision-maker SenMan BC
P123994337
136. Mrs. Olga Toryanyk - Decision-maker SenMan BC
136.
P123994347
137. Mrs. Mireille Troosters - Decision-maker SenMan BC
P123993944
138. Mr. Raf Valcke - Decision-maker SenMan BC
P123939295
139. Mrs. Veerle Van Assche - Decision-maker SenMan BC
P123994267
140. Mr. Marc Van Campenhout - Decision-maker SenMan BC
P123994887
141. Mr. Nils Van Cauwelaert - Decision-maker SenMan BC
P123994274
142. Mr. Patrick Van Damme - Decision-maker SenMan BC
P123993913
143. Mrs. Carina Van De Maele - Decision-maker SenMan BC
P123993955
144. Mr. Jean-Pierre Van Eetvelde - Decision-maker SenMan BC
P123993948
145. Mrs. Ingeborg Van Geyseghem - Decision-maker SenMan BC
P123994349
146. Mrs. Martine Van Gompel - Decision-maker SenMan BC
P123994332
147. Mrs. Daphne Van Hoegaerden - Decision-maker SenMan BC
P123994359
148. Mrs. Nele Van Hoezen - Decision-maker SenMan BC
P123994328
149. Mr. Philippe Van Laere - Decision-maker SenMan BC
P123993922
150. Mrs. Marleen Van Nuffel - Decision-maker SenMan BC
P123994340
151. Mrs. Veerle Van Oevelen - Decision-maker SenMan BC
P123994268
152. Mrs. Wendy Van Olmen - Decision-maker SenMan BC
P123993949
153. Mrs. Ilona Van Ouytsel - Decision-maker SenMan BC
P123936819
154. Mrs. Charlotte Van Parys - Decision-maker SenMan BC
P123994289
155. Mr. Piet Van Ruyskensvelde - Decision-maker SenMan BC
P123994292
156. Mr. Kris Van Walleghem - Decision-maker SenMan BC
P123993937
157. Mr. Freddy Van Wilderode - Decision-maker SenMan BC
P123888931
158. Mr. Jean-Paul Vancoillie - Decision-maker SenMan BC
P123993935
159. Mrs. Ruth Vandenberghe - Decision-maker SenMan BC
P123994298
160. Mrs. Sarah Vandenmeersche - Decision-maker SenMan BC
P123994269
161. Mrs. Karen Vandermolen - Decision-maker SenMan BC
P123993916
162. Mrs. Jozefine Vanhoof - Decision-maker SenMan BC
P123899365
163. Mrs. Karen Vanhoutte - Decision-maker SenMan BC
P123867381
164. Mrs. Krissy Vanmellaert - Decision-maker SenMan BC
P123994277
165. Mr. Luc Vanstappen - Decision-maker SenMan BC
P123994329
166. Mr. Pieter Vanwildemeersch - Decision-maker SenMan BC
P123994290
167. Mrs. Hilde Verbrugge - Decision-maker SenMan BC
P123994297
168. Mrs. Ilse Vercammen - Decision-maker SenMan BC
P123984690
169. Mrs. Christel Vereecken - Decision-maker SenMan BC
P123993938
170. Mrs. Vivianne Vergauwen - Decision-maker SenMan BC
P123994320
171. Mrs. Annelies Verhegge - Decision-maker SenMan BC
P123994276
172. Mr. Hans Verlaeckt - Decision-maker SenMan BC
P123994348
173. Mrs. Rita Verlinden - Decision-maker SenMan BC
P123994317
174. Mr. Ben Vermeiren - Decision-maker SenMan BC
P123892649
175. Mr. Lode Verstraeten - Decision-maker SenMan BC
P044513672
176. Mrs. Mia Vervacke - Decision-maker SenMan BC
P123994306
177. Mr. Yves Vervaeck - Decision-maker SenMan BC
P123993931
178. Mr. Raoul Veyt - Decision-maker SenMan BC
P123994318
179. Mrs. Liesbeth Wallebroek - Decision-maker SenMan BC
P123318003
180. Mr. Hannes Warnez - Decision-maker SenMan BC
P123994310
181. Mrs. Anne-Marie Wens - Decision-maker SenMan BC
P123993940
182. Mrs. Inge Willaert - Decision-maker SenMan BC
P123994324
183. Mrs. Lena Wostyn - Decision-maker SenMan BC
P123993936
184. Mr. Johan Tyteca - Company Secretary SenMan BC
P044358993 (from 01/07/2012
to 30/06/2018)
185. Mr. Luc Karel Philips - Chief Financial Officer FinAcc VI
P007228636
20226
9 71 11
9 81 31
.be
Roeselare N.V.. On
ncial Products
KI
eport
2
S
n Europe)
manager for more
Watch
Contact details
Established in 1901 as Popular Savings Bank of Limassol. In 1924, changed its name to Popular Bank of Limassol Ltd
and, in 1969, to Cyprus Popular Bank Limited. In 1982, take over of Grindlays Banks' operations in Cyprus. In 2004,
changed its name to Cyprus Popular Bank Public Company Ltd. On December 12, 2006, changed its name to Marfin
Popular Bank Public Co Ltd. On April 11, 2012, Marfin Popular Bank Public Co Ltd changed its name to Cyprus Popular
Bank Public Co Ltd.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Capital Intelligence Rating Date Action/Direction Outlook Watch
Long-Term Foreign Currency Rating BB+ 16/07/2012 Negative
Short-Term Foreign Currency Rating B 16/07/2012 Negative
EIU Rating Date Action/Direction Outlook Watch
Overall country rating B 01/08/2012
Banking sector rating B 01/08/2012 Stable
Global summary
Assets
Loans 24,778.7 26,417.3 25,082.2 23,427.2
Gross Loans 26,708.5 27,431.8 25,893.8 24,152.1
Less: Reserves for Impaired Loans/ NPLs 1,929.8 1,014.5 811.6 724.9
Other Earning Assets 5,534.9 12,996.4 12,253.2 10,576.8
Loans and Advances to Banks 689.6 4,696.1 3,447.1 4,354.2
Derivatives 136.3 107.0 82.5 152.1
Other Securities 4,670.9 8,125.0 5,223.2 5,165.1
Remaining earning assets 38.1 68.3 3,500.4 905.4
Total Earning Assets 30,313.6 39,413.7 37,335.4 34,004.0
Fixed Assets 291.2 291.2 294.5 274.8
Non-Earning Assets 3,157.2 2,875.5 4,198.5 4,074.4
Total Assets 33,762.0 42,580.4 41,828.4 38,353.2
Notes
Impaired Loans (Memo) 3,721.5 2,057.4 1,579.5 1,038.5
Loan Loss Reserves (Memo) 1,929.8 1,014.5 811.6 724.9
Liquid Assets (Memo) 1,175.8 5,544.4 5,575.8 6,489.3
Intangibles (Memo) 797.8 1,634.7 1,646.8 1,629.1
Off Balance Sheet Items 1,546.5 1,876.2 1,657.1 1,477.5
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 800.2 713.8 643.7 761.7
Other Operating Income 246.9 322.0 452.6 343.3
Net Gains (Losses) on Trading and Derivatives n.a. n.a. n.a. n.a.
Net Gains (Losses) on Assets at FV through Income 37.1 2.3 33.8 -53.3
Statement
Net Fees and Commissions 179.7 200.5 227.9 286.7
Remaining Operating Income 30.1 119.2 190.9 109.9
Overheads 649.2 645.8 624.5 590.9
Loan Loss Provisions 1,151.1 266.1 250.6 129.4
Other -3,347.6 -9.3 -3.4 -17.6
Profit before Tax -4,100.8 114.6 217.8 367.1
Tax -454.5 25.4 47.4 56.0
Net Income -3,646.3 89.2 170.4 403.3
Operating Income (Memo) 1,037.3 1,021.6 1,078.3 1,102.5
Net Gains (Losses) on Trading and Derivatives n.a. n.a. n.a. n.a.
Net Gains (Losses) on Other Securities -13.4 29.2 103.8 7.2
Net Gains (Losses) on Assets at FV through Income 37.1 2.3 33.8 -53.3
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions 179.7 200.5 227.9 286.7
Other Operating Income 33.7 75.8 69.1 100.2
Total Non-Interest Operating Income 237.1 307.8 434.6 340.8
Personnel Expenses 390.7 386.2 368.7 349.8
Other Operating Expenses 258.5 259.6 255.8 241.1
Total Non-Interest Expenses 649.2 645.8 624.5 590.9
Memo: Net Income after Allocation to Non- -3,650.4 87.1 173.9 394.5
controlling Interests
Memo: Common Dividends Relating to the Period 147.0 n.a. n.a. 278.8
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. 3,864.3
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans 7,988.8 n.a. n.a. 4,105.9
Corporate & Commercial Loans 18,719.7 n.a. n.a. 16,181.9
Other Loans n.a. 27,431.8 25,893.8 0.0
Less: Reserves for Impaired Loans/ NPLs 1,929.8 1,014.5 811.6 724.9
Net Loans 24,778.7 26,417.3 25,082.2 23,427.2
Gross Loans 26,708.5 27,431.8 25,893.8 24,152.1
Memo: Impaired Loans included above 3,721.5 2,057.4 1,579.5 1,038.5
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 689.6 4,696.1 3,447.1 4,354.2
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 105.3 134.7 163.9 295.4
Derivatives 136.3 107.0 82.5 152.1
Available for Sale Securities 1,791.2 2,278.4 3,564.9 3,606.2
Held to Maturity Securities 889.5 1,480.0 1,381.3 1,164.0
At-equity Investments in Associates 115.7 113.6 113.1 99.5
Other Securities 1,769.2 4,118.3 n.a. n.a.
Total Securities 4,807.2 8,232.0 5,305.7 5,317.2
Memo: Government Securities included Above 1,904.4 n.a. n.a. 1,240.2
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 38.1 68.3 57.6 42.8
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. n.a. 3,442.8 862.6
Total Earning Assets 30,313.6 39,413.7 37,335.4 34,004.0
Non-earning Assets
Cash and Due From Banks 1,034.1 713.6 1,964.8 1,839.7
Memo: Mandatory Reserves included above 653.2 n.a. n.a. n.a.
Foreclosed Real Estate 313.1 n.a. n.a. n.a.
Fixed Assets 291.2 291.2 294.5 274.8
Goodwill 527.6 1,284.6 1,278.8 1,271.7
Other Intangibles 270.2 350.1 368.0 357.4
Current Tax Assets 59.1 34.1 38.7 39.0
Deferred Tax Assets 580.2 127.2 92.0 85.3
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 372.9 365.9 456.2 481.3
Total Assets 33,762.0 42,580.4 41,828.4 38,353.2
Interest-bearing Liabilities
Customer Deposits - Current 4,358.3 25,144.2 23,476.1 24,529.5
Customer Deposits - Savings 1,487.2 n.a. n.a. n.a.
Customer Deposits - Term 14,315.3 364.2 409.6 298.8
Total Customer Deposits 20,160.8 25,508.4 23,885.7 24,828.3
Deposits from Banks 345.5 3,704.7 4,480.9 6,863.2
Repos and Cash Collateral 663.1 n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 9,292.8 6,945.2 5,990.0 n.a.
Total Deposits, Money Market and Short-term 30,462.2 36,158.3 34,356.6 31,691.5
Funding
Senior Debt Maturing after 1 Year 376.1 477.6 1,398.5 1,079.0
Subordinated Borrowing 530.7 530.1 608.3 525.9
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 906.8 1,007.7 2,006.8 1,604.9
Derivatives 312.7 280.5 249.9 327.0
Trading Liabilities n.a. n.a. n.a. n.a.
Total Funding 31,681.7 37,446.5 36,613.3 33,623.4
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 297.0 285.0 255.0 228.7
Current Tax Liabilities 14.7 23.2 33.7 45.6
Deferred Tax Liabilities 120.6 134.6 133.9 120.9
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 244.3 311.9 591.1 573.1
Total Liabilities 32,358.3 38,201.2 37,627.0 34,591.7
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 803.1 737.9 442.2 200.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. 0.0 0.0 0.0
Equity
Equity
Common Equity 696.2 3,876.2 3,848.1 3,708.6
Non-controlling Interest 106.4 105.9 123.3 131.6
Securities Revaluation Reserves -188.1 -326.2 -189.5 -285.3
Foreign Exchange Revaluation Reserves -65.9 -65.6 -76.1 -47.0
Fixed Asset Revaluations and Other Accumulated 52.0 51.0 53.4 53.6
OCI
Total Equity 600.6 3,641.3 3,759.2 3,561.5
Total Liabilities and Equity 33,762.0 42,580.4 41,828.4 38,353.2
Memo: Fitch Core Capital -777.4 1,879.4 2,020.4 1,847.1
Memo: Fitch Eligible Capital -1,110.6 2,248.4 2,241.5 1,947.1
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 5.15 4.98 5.55 8.06
Interest Expense on Customer Deposits/ Average 2.67 2.43 2.84 3.77
Customer Deposits%
Interest Income/ Average Earning Assets% 4.79 4.02 4.34 6.52
Interest Expense/ Average Interest-bearing 2.64 2.26 2.64 4.26
Liabilities%
Net Interest Income/ Average Earning Assets% 2.25 1.84 1.77 2.43
Net Int. Inc Less Loan Impairment Charges/ Av. -0.98 1.16 1.08 2.02
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 2.25 1.84 1.77 2.43
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 22.86 30.13 40.30 30.91
Non-Interest Expense/ Gross Revenues% 62.59 63.21 57.92 53.60
Non-Interest Expense/ Average Assets% 1.66 1.52 1.54 1.67
Pre-impairment Op. Profit/ Average Equity% 12.15 10.50 12.93 14.41
Pre-impairment Op. Profit/ Average Total Assets% 1.02 0.92 1.16 1.46
Loans and securities impairment charges/ Pre- n.s. 70.62 54.05 29.37
impairment Op. Profit%
Operating Profit/ Average Equity% -125.18 3.09 5.94 10.18
Operating Profit/ Average Total Assets% -10.49 0.27 0.53 1.03
Taxes/ Pre-tax Profit% 11.08 22.16 21.76 15.25
Pre-Impairment Operating Profit / Risk Weighted 1.45 1.41 1.84 2.15
Assets%
Operating Profit / Risk Weighted Assets% -14.91 0.41 0.85 1.52
Other Profitability Ratios
Net Income/ Average Total Equity% -111.31 2.40 4.67 11.30
Net Income/ Average Total Assets% -9.33 0.21 0.42 1.14
Fitch Comprehensive Income/ Average Total Equity -107.12 -0.99 6.49 6.57
%
Fitch Comprehensive Income/ Average Total Assets -8.98 -0.09 0.58 0.66
%
Net Income/ Av. Total Assets plus Av. Managed -9.33 0.21 0.42 n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -13.26 0.32 0.67 1.69
Fitch Comprehensive Income/ Risk Weighted Assets -12.76 -0.13 0.93 0.98
%
Capitalization
Fitch Core Capital/Weighted Risks% -2.83 6.80 7.89 7.72
Fitch Eligible Capital/ Weighted Risks% -4.04 8.14 8.75 8.14
Tangible Common Equity/ Tangible Assets% -2.40 4.60 5.04 5.04
Tier 1 Regulatory Capital Ratio% n.a. 9.96 9.10 8.10
Total Regulatory Capital Ratio% n.a. 11.60 11.50 10.10
Core Tier 1 Regulatory Capital Ratio% n.a. 7.29 n.a. n.a.
Equity/ Total Assets% 1.78 8.55 8.99 9.29
Cash Dividends Paid & Declared/ Net Income% -4.03 n.a. n.a. 69.13
Cash Dividend Paid & Declared/ Fitch -4.19 n.a. n.a. 118.99
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -631.59 2.45 4.53 3.50
Loan Quality
Growth of Total Assets% -20.71 1.80 9.06 26.76
Growth of Gross Loans% -2.64 5.94 7.21 32.07
Impaired Loans(NPLs)/ Gross Loans% 13.93 7.50 6.10 4.30
Reserves for Impaired Loans/ Gross loans% 7.23 3.70 3.13 3.00
Reserves for Impaired Loans/ Impaired Loans% 51.86 49.31 51.38 69.80
Impaired Loans less Reserves for Imp Loans/ Equity 298.32 28.64 20.43 8.81
%
Loan Impairment Charges/ Average Gross Loans% 4.29 0.99 1.01 0.59
Net Charge-offs/ Average Gross Loans% 0.88 0.24 0.26 0.45
Impaired Loans + Foreclosed Assets/ Gross Loans + 14.93 7.50 6.10 4.30
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 132.48 107.54 108.41 97.28
Interbank Assets/ Interbank Liabilities% 199.59 126.76 76.93 63.44
Customer Deposits/ Total Funding excl Derivatives% 64.27 68.63 65.69 74.57
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 0.0 0.0 0.0 n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 99.2
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 108.4
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. 207.6
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 2,545.5
breakdown)
AFS Assets - Government n.a. n.a. n.a. 774.7
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 286.0
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 1,791.2 2,278.4 3,564.9 3,606.2
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 801.2
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio n.a. 9.96 9.10 8.10
Total Capital Ratio n.a. 11.60 11.50 10.10
Equity / Tot Assets 1.78 8.55 8.99 9.29
Equity / Net Loans 2.42 13.78 14.99 15.20
Equity / Cust & Short Term Funding 1.97 10.07 10.94 11.24
Equity / Liabilities 1.89 9.67 10.16 10.46
Cap Funds / Tot Assets 5.73 11.53 11.50 11.18
Cap Funds / Net Loans 7.81 18.58 19.18 18.30
Cap Funds / Dep & ST Funding 6.35 13.58 14.00 13.53
Cap Funds / Liabilities 6.08 13.03 12.99 12.59
Subord Debt / Cap Funds 27.44 10.80 12.65 12.27
Operations
Net Interest Margin 2.30 1.86 1.81 2.52
Net Int Rev / Avg Assets 2.10 1.69 1.61 2.22
Oth Op Inc / Avg Assets 0.65 0.76 1.13 1.00
Non Int Exp / Avg Assets 4.72 2.16 2.18 2.10
Pre-Tax Op Inc / Avg Assets -1.97 0.29 0.55 1.12
Non Op Items & Taxes / Avg Ast -7.58 -0.08 -0.13 -0.22
Return On Avg Assets (ROAA) -9.55 0.21 0.43 1.18
Return On Avg Equity (ROAE) -171.92 2.41 4.66 11.45
Dividend Pay-Out -4.03 n.a. n.a. 69.13
Inc Net Of Dist / Avg Equity -178.85 n.a. n.a. 3.54
Non Op Items / Net Income 91.81 -10.43 -2.00 -4.36
Cost To Income Ratio 62.00 62.35 56.96 53.48
Recurring Earning Power 1.04 0.92 1.18 1.50
Liquidity
Interbank Ratio 68.37 126.76 76.93 63.44
Net Loans / Tot Assets 73.39 62.04 59.97 61.08
Net Loans / Dep & ST Funding 81.34 73.06 73.01 73.92
Net Loans / Tot Dep & Bor 79.54 71.56 69.66 70.78
Liquid Assets / Dep & ST Funding 3.86 15.33 16.23 20.48
Liquid Assets / Tot Dep & Bor 3.78 15.02 15.49 19.61
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007
Date News
1 02/07/2012 Cyprus Popular Bank completes capital increase (deal no.
1601348040)
2 21/06/2012 EGM in Cyprus Popular Bank Public approves new capital
increase (deal no. 1601381870)
3 30/03/2012 Ukrselhosprom has acquired majority stake in Marfin Bank Eesti
(deal no. 1601328532)
4 29/06/2011 Agricultural Bank of Greece completes rights issue (deal no.
1601260751)
5 08/04/2011 Marfin Popular acquisition of Egnatia completed (deal no.
1601078846)
6 31/03/2011 MPB to acquire two companies (deal no. 1601259737)
7 10/03/2011 Bank of Beirut acquires majority stake in Laiki Bank (Australia)
(deal no. 1633026121)
8 14/02/2011 Marfin Popular Bank completes rights offering (deal no.
1601229564)
9 02/11/2010 Marfin Popular Bank convertible capital issue approved (deal no.
1601229565)
10 23/09/2010 Provident Fund of Employees of The Cyprus Popular Bank sold
shares of Marfin Popular Bank (deal no. 1601218656)
11 17/08/2010 Marfin Popular Bank Public Co acquires majority stake in
Morskyy Transportnyy Bank (deal no. 1601211530)
12 15/07/2010 Provident Fund of Employees of The Cyprus Popular Bank has
taken a minority stake in Marfin Popular Bank (deal no.
1601203813)
Source : Zephyr
massol Ltd
s. In 2004,
to Marfin
rus Popular
pe)
Watch
Watch
Contact details
Bank History :
Established in 1899. On August 9, 1999, Bank of Cyprus Public Company Limited became the holding company of the
Bank of Cyprus Group instead of Bank of Cyprus (Holdings) Ltd through cancellation of the shares of Bank of Cyprus
(Holdings) Ltd and their replacement with the shares of Bank of Cyprus.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname BCYPHOLD
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 10/22/2012
Name of the Auditor Ernst & Young Model ALLBANKS
Types of accounts Cons. & Uncons.
available
Peer Group
Peer Group Name Investment Banks Europe (Excl. Eastern Europe)
Size 219
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Capital Intelligence Rating Date Action/Direction Outlook Watch
Long-Term Foreign Currency Rating BB+ 16/07/2012 Negative
Short-Term Foreign Currency Rating B 16/07/2012 Negative
EIU Rating Date Action/Direction Outlook Watch
Overall country rating B 01/08/2012
Banking sector rating B 01/08/2012 Stable
Global summary
Assets
Loans 27,366.9 27,725.5 25,635.7 24,449.3
Gross Loans 28,872.4 28,885.9 26,508.0 25,137.2
Less: Reserves for Impaired Loans/ NPLs 1,505.5 1,160.4 872.3 687.9
Other Earning Assets 7,299.9 11,488.6 11,658.0 9,396.2
Loans and Advances to Banks 2,843.7 5,384.8 6,067.9 4,702.1
Derivatives 193.7 76.3 60.7 n.a.
Other Securities 3,570.1 5,349.5 4,934.8 4,246.4
Remaining earning assets 692.4 678.0 594.6 447.7
Total Earning Assets 34,666.8 39,214.1 37,293.7 33,845.5
Fixed Assets 473.2 418.8 406.3 419.4
Non-Earning Assets 2,335.1 3,004.8 1,711.4 1,842.3
Total Assets 37,475.1 42,637.7 39,411.4 36,107.2
Notes
Impaired Loans (Memo) 2,951.0 2,114.0 1,483.0 955.2
Loan Loss Reserves (Memo) 1,505.5 1,160.4 872.3 687.9
Liquid Assets (Memo) 3,490.5 7,085.2 7,457.8 6,426.5
Intangibles (Memo) 472.5 479.1 453.2 442.3
Off Balance Sheet Items 0.0 0.0 0.0 6,212.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Restated Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 1,168.3 1,043.3 849.5 802.7
Other Operating Income 370.3 404.4 435.6 398.7
Net Gains (Losses) on Trading and Derivatives 2.4 67.3 -32.7 -57.7
Net Gains (Losses) on Assets at FV through Income -1.0 -1.1 2.7 -2.5
Statement
Net Fees and Commissions 232.4 231.2 243.4 217.8
Remaining Operating Income 136.5 107.0 222.2 241.1
Overheads 736.1 724.9 674.2 551.7
Loan Loss Provisions 426.3 374.5 247.9 91.6
Other -1,728.0 0.2 2.2 -6.5
Profit before Tax -1,351.8 348.5 365.2 551.6
Tax 26.0 46.0 43.2 72.9
Net Income -1,377.8 302.5 322.0 478.7
Operating Income (Memo) 1,538.6 1,447.7 1,285.1 1,201.4
Net Gains (Losses) on Trading and Derivatives 2.4 67.3 -32.7 -57.7
Net Gains (Losses) on Other Securities -0.8 2.8 112.6 0.3
Net Gains (Losses) on Assets at FV through Income -1.0 -1.1 2.7 -2.5
Statement
Net Insurance Income 61.2 59.4 62.8 61.1
Net Fees and Commissions 232.4 231.2 243.4 217.8
Other Operating Income 76.1 44.8 46.8 179.7
Total Non-Interest Operating Income 370.3 404.4 435.6 398.7
Personnel Expenses 443.0 430.2 413.9 331.0
Other Operating Expenses 293.1 294.7 260.3 220.7
Total Non-Interest Expenses 736.1 724.9 674.2 551.7
Memo: Net Income after Allocation to Non- -1,370.6 306.2 313.1 502.4
controlling Interests
Memo: Common Dividends Relating to the Period 26.8 26.9 47.9 70.4
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 28,872.4 28,885.9 26,508.0 25,137.2
Less: Reserves for Impaired Loans/ NPLs 1,505.5 1,160.4 872.3 687.9
Net Loans 27,366.9 27,725.5 25,635.7 24,449.3
Gross Loans 28,872.4 28,885.9 26,508.0 25,137.2
Memo: Impaired Loans included above 2,951.0 2,114.0 1,483.0 955.2
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 2,627.8 5,264.6 6,067.9 4,702.1
Reverse Repos and Cash Collateral 215.9 120.2 n.a. n.a.
Trading Securities and at FV through Income 52.9 200.9 346.1 707.4
Derivatives 193.7 76.3 60.7 n.a.
Available for Sale Securities 1,253.5 2,320.2 4,168.1 3,053.7
Held to Maturity Securities 1,204.1 1,022.9 93.1 479.6
At-equity Investments in Associates 2.8 3.8 6.6 5.7
Other Securities 1,056.8 1,801.7 320.9 n.a.
Total Securities 3,979.7 5,546.0 4,995.5 4,246.4
Memo: Government Securities included Above 1,184.8 1,490.0 n.a. n.a.
Memo: Total Securities Pledged 938.1 1,038.0 581.9 n.a.
Investments in Property 187.8 116.3 53.0 n.a.
Insurance Assets 504.6 561.7 541.6 447.7
Other Earning Assets n.a. n.a. n.a. 0.0
Total Earning Assets 34,666.8 39,214.1 37,293.7 33,845.5
Non-earning Assets
Cash and Due From Banks 1,375.0 2,241.8 1,043.8 1,017.0
Memo: Mandatory Reserves included above 781.1 742.3 n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 473.2 418.8 406.3 419.4
Goodwill 327.2 333.1 314.2 345.2
Other Intangibles 145.3 146.0 139.0 97.1
Current Tax Assets 0.0 0.0 0.0 n.a.
Deferred Tax Assets 94.8 40.6 14.0 n.a.
Discontinued Operations 0.0 0.0 0.0 n.a.
Other Assets 392.8 243.3 200.4 383.0
Total Assets 37,475.1 42,637.7 39,411.4 36,107.2
Interest-bearing Liabilities
Customer Deposits - Current 6,631.7 5,893.9 4,512.9 3,916.5
Customer Deposits - Savings 2,259.3 2,415.7 2,149.6 1,614.5
Customer Deposits - Term 20,763.5 24,642.9 21,922.0 22,404.7
Total Customer Deposits 29,654.5 32,952.5 28,584.5 27,935.7
Deposits from Banks 3,065.8 3,707.0 5,785.7 3,137.3
Repos and Cash Collateral 786.0 913.1 n.a. n.a.
Other Deposits and Short-term Borrowings n.a. 12.5 43.0 95.0
Total Deposits, Money Market and Short-term 33,506.3 37,585.1 34,413.2 31,168.0
Funding
Senior Debt Maturing after 1 Year 49.8 71.5 476.1 1,427.8
Subordinated Borrowing 33.8 174.9 189.7 195.6
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 83.6 246.4 665.8 1,623.4
Derivatives 488.1 240.4 139.6 n.a.
Trading Liabilities n.a. n.a. n.a. n.a.
Total Funding 34,078.0 38,071.9 35,218.6 32,791.4
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other n.a. n.a. n.a. n.a.
Current Tax Liabilities 16.8 0.0 13.8 n.a.
Deferred Tax Liabilities 74.7 51.8 39.3 n.a.
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 611.3 658.3 618.1 506.4
Other Liabilities 170.7 271.3 278.9 578.3
Total Liabilities 34,951.5 39,053.3 36,168.7 33,876.1
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 94.5 756.1 757.1 174.7
Debt
Pref. Shares and Hybrid Capital accounted for as 862.2 0.0 0.0 n.a.
Equity
Equity
Common Equity 1,477.8 2,915.0 2,381.2 2,125.1
Non-controlling Interest 84.4 91.3 62.4 15.3
Securities Revaluation Reserves -133.2 -271.0 -8.5 -115.3
Foreign Exchange Revaluation Reserves -112.0 -104.7 -138.1 -152.5
Fixed Asset Revaluations and Other Accumulated 249.9 197.7 188.6 183.8
OCI
Total Equity 1,566.9 2,828.3 2,485.6 2,056.4
Total Liabilities and Equity 37,475.1 42,637.7 39,411.4 36,107.2
Memo: Fitch Core Capital 999.6 2,308.6 2,032.4 1,614.1
Memo: Fitch Eligible Capital 1,094.1 3,064.7 2,789.5 1,788.8
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 6.56 6.33 6.48 7.81
Interest Expense on Customer Deposits/ Average 2.57 2.66 3.23 3.93
Customer Deposits%
Interest Income/ Average Earning Assets% 6.08 5.41 5.68 6.78
Interest Expense/ Average Interest-bearing 3.10 2.83 3.42 4.39
Liabilities%
Net Interest Income/ Average Earning Assets% 3.10 2.70 2.41 2.58
Net Int. Inc Less Loan Impairment Charges/ Av. 1.97 1.73 1.71 2.29
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 3.10 2.70 2.41 2.58
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 24.07 27.93 33.90 33.19
Non-Interest Expense/ Gross Revenues% 47.84 50.07 52.46 45.92
Non-Interest Expense/ Average Assets% 1.81 1.75 1.81 1.68
Pre-impairment Op. Profit/ Average Equity% 32.68 28.22 27.25 31.43
Pre-impairment Op. Profit/ Average Total Assets% 1.98 1.75 1.64 1.98
Loans and securities impairment charges/ Pre- 268.61 51.81 40.58 14.10
impairment Op. Profit%
Operating Profit/ Average Equity% -55.11 13.60 16.19 27.00
Operating Profit/ Average Total Assets% -3.33 0.84 0.97 1.70
Taxes/ Pre-tax Profit% -1.92 13.20 11.83 13.22
Pre-Impairment Operating Profit / Risk Weighted 3.24 2.75 2.54 3.07
Assets%
Operating Profit / Risk Weighted Assets% -5.46 1.33 1.51 2.64
Other Profitability Ratios
Net Income/ Average Total Equity% -56.12 11.81 14.36 23.16
Net Income/ Average Total Assets% -3.39 0.73 0.86 1.46
Fitch Comprehensive Income/ Average Total Equity -48.38 3.01 19.43 8.79
%
Fitch Comprehensive Income/ Average Total Assets -2.92 0.19 1.17 0.55
%
Net Income/ Av. Total Assets plus Av. Managed -3.39 0.73 0.86 n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -5.56 1.15 1.34 2.26
Fitch Comprehensive Income/ Risk Weighted Assets -4.79 0.29 1.81 0.86
%
Capitalization
Fitch Core Capital/Weighted Risks% 4.03 8.79 8.45 7.62
Fitch Eligible Capital/ Weighted Risks% 4.41 11.66 11.59 8.45
Tangible Common Equity/ Tangible Assets% 2.71 5.48 5.22 4.53
Tier 1 Regulatory Capital Ratio% 7.50 11.30 10.60 7.27
Total Regulatory Capital Ratio% 7.80 11.90 11.70 11.23
Core Tier 1 Regulatory Capital Ratio% 3.60 8.40 n.a. n.a.
Equity/ Total Assets% 4.18 6.63 6.31 5.70
Cash Dividends Paid & Declared/ Net Income% -1.95 8.89 14.88 14.71
Cash Dividend Paid & Declared/ Fitch -2.26 34.84 11.00 38.77
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -89.64 9.74 11.03 19.86
Loan Quality
Growth of Total Assets% -12.11 8.19 9.15 13.68
Growth of Gross Loans% -0.05 8.97 5.45 28.91
Impaired Loans(NPLs)/ Gross Loans% 10.22 7.32 5.59 3.80
Reserves for Impaired Loans/ Gross loans% 5.21 4.02 3.29 2.74
Reserves for Impaired Loans/ Impaired Loans% 51.02 54.89 58.82 72.02
Impaired Loans less Reserves for Imp Loans/ Equity 92.25 33.72 24.57 13.00
%
Loan Impairment Charges/ Average Gross Loans% 1.46 1.35 0.98 0.41
Net Charge-offs/ Average Gross Loans% 0.08 0.81 0.16 0.05
Impaired Loans + Foreclosed Assets/ Gross Loans + 10.22 7.32 5.59 3.80
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 97.36 87.66 92.74 89.98
Interbank Assets/ Interbank Liabilities% 85.71 142.02 104.88 149.88
Customer Deposits/ Total Funding excl Derivatives% 88.28 87.10 81.49 85.19
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 0.0 0.0 0.0 n.a.
Sheet
Other off-balance sheet exposure to securitizations 0.0 0.0 0.0 n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 134.3
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 18.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 2.6
Total Trading Assets at FV through the Income n.a. n.a. n.a. 154.9
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 2,191.5
breakdown)
AFS Assets - Government n.a. n.a. n.a. 835.9
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 24.2
AFS Assets - Other n.a. n.a. n.a. 2.1
Total AFS Assets 1,253.5 2,320.2 4,168.1 3,053.7
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 22.8
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 7.50 11.30 10.60 7.27
Total Capital Ratio 7.80 11.90 11.70 11.23
Equity / Tot Assets 6.48 6.63 6.31 5.70
Equity / Net Loans 8.88 10.20 9.70 8.41
Equity / Cust & Short Term Funding 7.25 7.53 7.22 6.60
Equity / Liabilities 6.96 7.28 6.91 6.11
Cap Funds / Tot Assets 6.82 8.82 8.71 6.72
Cap Funds / Net Loans 9.35 13.56 13.39 9.93
Cap Funds / Dep & ST Funding 7.63 10.00 9.97 7.79
Cap Funds / Liabilities 7.32 9.67 9.54 7.21
Subord Debt / Cap Funds 1.32 4.65 5.53 8.06
Operations
Net Interest Margin 3.16 2.73 2.39 2.52
Net Int Rev / Avg Assets 2.92 2.54 2.25 2.37
Oth Op Inc / Avg Assets 0.92 0.99 1.15 1.18
Non Int Exp / Avg Assets 2.90 2.68 2.44 1.90
Pre-Tax Op Inc / Avg Assets 0.94 0.85 0.96 1.65
Non Op Items & Taxes / Avg Ast -4.38 -0.11 -0.11 -0.23
Return On Avg Assets (ROAA) -3.44 0.74 0.85 1.41
Return On Avg Equity (ROAE) -52.41 11.39 14.18 22.01
Dividend Pay-Out -1.95 8.89 14.88 14.71
Inc Net Of Dist / Avg Equity -53.43 10.37 12.07 18.77
Non Op Items / Net Income 125.42 0.07 0.68 -1.36
Cost To Income Ratio 47.84 50.07 52.46 45.92
Recurring Earning Power 2.00 1.76 1.62 1.92
Liquidity
Interbank Ratio 73.83 116.55 104.88 149.88
Net Loans / Tot Assets 73.03 65.03 65.05 67.71
Net Loans / Dep & ST Funding 81.68 73.77 74.49 78.44
Net Loans / Tot Dep & Bor 80.39 73.16 73.18 75.01
Liquid Assets / Dep & ST Funding 10.42 18.85 21.67 20.62
Liquid Assets / Tot Dep & Bor 10.25 18.70 21.29 19.72
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Type of share: Ordinary Shares
ISIN number: CY0000100111
SEDOL number: 4131177
Ticker symbol: BOCY
Nominal value (EUR): 1.00
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007
Date News
1 11/07/2012 Bank of Cyprus Public Company increases its stake in Cypriot
Hellenic Bank following rights issue (deal no. 1601357827)
2 04/07/2012 Orphanides Public Company's subsidiary sells shareholding in
Elias Houry Estates to Bank of Cyprus Public Company (deal no.
1601384036)
Source : Zephyr
pany of the
of Cyprus
ope)
Watch
Watch
Contact details
Bank History :
Established on May 2, 1957 through the merger of the Deutsche Bank A.G. West, the Norddeutsche Bank and the
Süddeutsche Bank. In October 1998, absorbed Deutsche Bank de Bary NV. In August 2003, absorbed Deutsche Bank
Trust AG Private Banking In May 2008, absorbed Schiffshypothekenbank zu Luebeck AG.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname DEUTIAS
Reporting Standards (IFRS) Source Annual reports
Accounts published in mil EUR Release Date 8/1/2012
Name of the Auditor KPMG Deutsche Treuhand- Model ALLBANKS
Gesellschaft
Types of accounts Cons., Uncons. & Add. Cons.
available
Peer Group
Peer Group Name Commercial Banks Europe (Excl. Eastern Europe)
Size 1,150
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 412,514.0 407,729.0 258,105.0 269,281.0
Gross Loans 416,676.0 411,892.0 261,448.0 271,219.0
Less: Reserves for Impaired Loans/ NPLs 4,162.0 4,163.0 3,343.0 1,938.0
Other Earning Assets 1,548,949.0 1,299,529.0 1,089,489.0 1,759,916.0
Loans and Advances to Banks 363,655.0 278,457.0 207,526.0 74,006.0
Derivatives 859,582.0 657,780.0 596,410.0 1,224,493.0
Other Securities 325,712.0 363,292.0 285,553.0 461,417.0
Remaining earning assets n.a. n.a. 0.0 0.0
Total Earning Assets 1,961,463.0 1,707,258.0 1,347,594.0 2,029,197.0
Fixed Assets 5,509.0 5,802.0 2,777.0 3,712.0
Non-Earning Assets 197,131.0 192,570.0 150,293.0 169,514.0
Total Assets 2,164,103.0 1,905,630.0 1,500,664.0 2,202,423.0
Notes
Impaired Loans (Memo) 9,434.0 6,265.0 7,201.0 3,682.0
Loan Loss Reserves (Memo) 4,162.0 4,163.0 3,343.0 1,938.0
Liquid Assets (Memo) 656,255.0 602,032.0 475,818.0 483,150.0
Intangibles (Memo) 15,802.0 15,594.0 10,169.0 9,877.0
Off Balance Sheet Items 201,648.0 211,037.0 n.a. 92,021.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 17,445.0 15,583.0 12,459.0 12,453.0
Other Operating Income 17,969.0 15,241.0 15,757.0 -637.0
Net Gains (Losses) on Trading and Derivatives 2,608.0 3,615.0 5,898.0 -33,818.0
Net Gains (Losses) on Assets at FV through Income 309.0 -304.0 1,475.0 23,477.0
Statement
Net Fees and Commissions 11,544.0 10,669.0 8,911.0 9,749.0
Remaining Operating Income 3,508.0 1,261.0 -527.0 -45.0
Overheads 25,999.0 23,318.0 20,120.0 17,570.0
Loan Loss Provisions 1,839.0 1,274.0 2,630.0 1,076.0
Other -2,186.0 -2,257.0 -264.0 1,089.0
Profit before Tax 5,390.0 3,975.0 5,202.0 -5,741.0
Tax 1,064.0 1,645.0 244.0 -1,845.0
Net Income 4,326.0 2,330.0 4,958.0 -3,896.0
Operating Income (Memo) 33,351.0 30,528.0 28,157.0 11,770.0
Net Gains (Losses) on Trading and Derivatives 2,608.0 3,615.0 5,898.0 -33,818.0
Net Gains (Losses) on Other Securities 123.0 201.0 -403.0 -659.0
Net Gains (Losses) on Assets at FV through Income 309.0 -304.0 1,475.0 23,477.0
Statement
Net Insurance Income n.a. 0.0 n.a. n.a.
Net Fees and Commissions 11,544.0 10,669.0 8,911.0 9,749.0
Other Operating Income 1,322.0 764.0 -183.0 568.0
Total Non-Interest Operating Income 15,906.0 14,945.0 15,698.0 -683.0
Personnel Expenses 13,135.0 12,671.0 11,310.0 9,606.0
Other Operating Expenses 12,864.0 10,647.0 8,810.0 7,964.0
Total Non-Interest Expenses 25,999.0 23,318.0 20,120.0 17,570.0
Memo: Net Income after Allocation to Non- 4,132.0 2,310.0 4,973.0 -3,835.0
controlling Interests
Memo: Common Dividends Relating to the Period 691.0 697.0 466.0 309.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans 135,531.0 132,235.0 58,673.0 52,453.0
Other Mortgage Loans 46,143.0 44,120.0 n.a. n.a.
Other Consumer/ Retail Loans 38,657.0 35,115.0 n.a. n.a.
Corporate & Commercial Loans 37,799.0 34,385.0 57,211.0 58,798.0
Other Loans 158,546.0 166,037.0 145,564.0 159,968.0
Less: Reserves for Impaired Loans/ NPLs 4,162.0 4,163.0 3,343.0 1,938.0
Net Loans 412,514.0 407,729.0 258,105.0 269,281.0
Gross Loans 416,676.0 411,892.0 261,448.0 271,219.0
Memo: Impaired Loans included above 9,434.0 6,265.0 7,201.0 3,682.0
Memo: Loans at Fair Value included above n.a. n.a. 12,964.0 18,739.0
Other Earning Assets
Loans and Advances to Banks 162,000.0 92,377.0 47,233.0 64,739.0
Reverse Repos and Cash Collateral 201,655.0 186,080.0 160,293.0 9,267.0
Trading Securities and at FV through Income 276,672.0 306,418.0 258,946.0 399,318.0
Derivatives 859,582.0 657,780.0 596,410.0 1,224,493.0
Available for Sale Securities 45,281.0 54,266.0 18,819.0 24,835.0
Held to Maturity Securities 0.0 0.0 0.0 0.0
At-equity Investments in Associates 3,759.0 2,608.0 7,788.0 2,242.0
Other Securities n.a. n.a. n.a. 35,022.0
Total Securities 1,386,949.0 1,207,152.0 1,042,256.0 1,695,177.0
Memo: Government Securities included Above 17,746.0 n.a. 7,318.0 6,675.0
Memo: Total Securities Pledged 95,748.0 104,471.0 97,646.0 n.a.
Investments in Property n.a. n.a. n.a. n.a.
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. n.a. 0.0 0.0
Total Earning Assets 1,961,463.0 1,707,258.0 1,347,594.0 2,029,197.0
Non-earning Assets
Cash and Due From Banks 15,928.0 17,157.0 9,346.0 9,826.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 5,509.0 5,802.0 2,777.0 3,712.0
Goodwill 11,698.0 11,476.0 7,420.0 7,533.0
Other Intangibles 4,104.0 4,118.0 2,749.0 2,344.0
Current Tax Assets 1,870.0 2,249.0 2,090.0 3,512.0
Deferred Tax Assets 8,737.0 8,341.0 7,150.0 8,470.0
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 154,794.0 149,229.0 121,538.0 137,829.0
Total Assets 2,164,103.0 1,905,630.0 1,500,664.0 2,202,423.0
Interest-bearing Liabilities
Customer Deposits - Current 262,665.0 209,222.0 169,686.0 177,913.0
Customer Deposits - Savings 136,087.0 140,901.0 65,804.0 65,159.0
Customer Deposits - Term 202,978.0 183,861.0 108,730.0 152,481.0
Total Customer Deposits 601,730.0 533,984.0 344,220.0 395,553.0
Deposits from Banks n.a. n.a. n.a. n.a.
Repos and Cash Collateral 137,006.0 139,197.0 103,854.0 87,117.0
Other Deposits and Short-term Borrowings 65,356.0 64,990.0 42,897.0 42,331.0
Total Deposits, Money Market and Short-term 804,092.0 738,171.0 490,971.0 525,001.0
Funding
Senior Debt Maturing after 1 Year 125,838.0 131,841.0 107,837.0 125,654.0
Subordinated Borrowing 7,458.0 9,025.0 7,600.0 8,202.0
Other Funding 55,029.0 51,025.0 44,380.0 84,344.0
Total Long Term Funding 188,325.0 191,891.0 159,817.0 218,200.0
Derivatives 838,817.0 647,171.0 576,973.0 1,181,617.0
Trading Liabilities 71,312.0 76,757.0 64,501.0 68,168.0
Total Funding 1,902,546.0 1,653,990.0 1,292,262.0 1,992,986.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt -197.0 -76.0 -30.0 -364.0
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 2,621.0 2,204.0 1,307.0 1,418.0
Current Tax Liabilities 2,524.0 2,736.0 2,141.0 2,354.0
Deferred Tax Liabilities 1,789.0 2,307.0 2,157.0 3,784.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 187,816.0 181,827.0 154,281.0 160,602.0
Total Liabilities 2,097,099.0 1,842,988.0 1,452,118.0 2,160,780.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 12,344.0 12,250.0 10,577.0 9,729.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. n.a. n.a.
Equity
Equity
Common Equity 55,371.0 51,444.0 40,427.0 35,554.0
Non-controlling Interest 1,270.0 1,549.0 1,322.0 1,211.0
Securities Revaluation Reserves -617.0 -113.0 -186.0 -885.0
Foreign Exchange Revaluation Reserves -1,166.0 -2,333.0 -3,521.0 -3,628.0
Fixed Asset Revaluations and Other Accumulated -198.0 -155.0 -73.0 -338.0
OCI
Total Equity 54,660.0 50,392.0 37,969.0 31,914.0
Total Liabilities and Equity 2,164,103.0 1,905,630.0 1,500,664.0 2,202,423.0
Memo: Fitch Core Capital 27,061.0 26,484.0 23,096.0 17,917.0
Memo: Fitch Eligible Capital 38,658.5 37,834.2 32,994.3 25,595.7
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.65 3.37 3.94 5.32
Interest Expense on Customer Deposits/ Average 1.21 0.92 1.37 3.04
Customer Deposits%
Interest Income/ Average Earning Assets% 1.96 1.82 1.64 2.95
Interest Expense/ Average Interest-bearing 1.01 0.86 0.90 2.40
Liabilities%
Net Interest Income/ Average Earning Assets% 0.98 0.99 0.76 0.67
Net Int. Inc Less Loan Impairment Charges/ Av. 0.88 0.90 0.60 0.62
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 0.98 0.99 0.76 0.67
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 47.69 48.96 55.75 -5.80
Non-Interest Expense/ Gross Revenues% 77.96 76.38 71.46 149.28
Non-Interest Expense/ Average Assets% 1.29 1.30 1.09 0.84
Pre-impairment Op. Profit/ Average Equity% 18.01 17.82 23.02 -16.20
Pre-impairment Op. Profit/ Average Total Assets% 0.47 0.42 0.44 -0.27
Loans and securities impairment charges/ Pre- 19.53 16.97 32.49 -18.70
impairment Op. Profit%
Operating Profit/ Average Equity% 14.49 14.79 15.54 -19.23
Operating Profit/ Average Total Assets% 0.38 0.35 0.30 -0.33
Taxes/ Pre-tax Profit% 19.74 41.38 4.69 32.14
Pre-Impairment Operating Profit / Risk Weighted 2.47 2.17 2.96 -1.87
Assets%
Operating Profit / Risk Weighted Assets% 1.99 1.80 2.00 -2.22
Other Profitability Ratios
Net Income/ Average Total Equity% 8.27 5.53 14.09 -10.97
Net Income/ Average Total Assets% 0.22 0.13 0.27 -0.19
Fitch Comprehensive Income/ Average Total Equity 10.66 8.51 16.30 -23.61
%
Fitch Comprehensive Income/ Average Total Assets 0.28 0.20 0.31 -0.40
%
Net Income/ Av. Total Assets plus Av. Managed n.a. 0.13 n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 1.13 0.67 1.81 -1.27
Fitch Comprehensive Income/ Risk Weighted 1.46 1.04 2.10 -2.73
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 7.10 7.65 8.45 5.82
Fitch Eligible Capital/ Weighted Risks% 10.14 10.93 12.06 8.32
Tangible Common Equity/ Tangible Assets% 1.41 1.70 1.67 0.85
Tier 1 Regulatory Capital Ratio% 12.90 12.30 12.60 10.10
Total Regulatory Capital Ratio% 14.50 14.10 13.90 12.20
Core Tier 1 Regulatory Capital Ratio% 9.50 8.70 8.70 n.a.
Equity/ Total Assets% 2.53 2.64 2.53 1.45
Cash Dividends Paid & Declared/ Net Income% 15.97 29.91 9.40 -7.93
Cash Dividend Paid & Declared/ Fitch 12.40 19.43 8.13 -3.68
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 6.65 3.24 11.83 -13.18
Loan Quality
Growth of Total Assets% 13.56 26.99 -31.86 14.41
Growth of Gross Loans% 1.16 57.54 -3.60 35.21
Impaired Loans(NPLs)/ Gross Loans% 2.26 1.52 2.75 1.36
Reserves for Impaired Loans/ Gross loans% 1.00 1.01 1.28 0.71
Reserves for Impaired Loans/ Impaired Loans% 44.12 66.45 46.42 52.63
Impaired Loans less Reserves for Imp Loans/ Equity 9.65 4.17 10.16 5.46
%
Loan Impairment Charges/ Average Gross Loans% 0.45 0.42 0.98 0.47
Net Charge-offs/ Average Gross Loans% 0.22 0.43 0.39 0.34
Impaired Loans + Foreclosed Assets/ Gross Loans + 2.26 1.52 2.75 1.36
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 69.25 77.14 75.95 68.57
Interbank Assets/ Interbank Liabilities% n.a. n.a. n.a. n.a.
Customer Deposits/ Total Funding excl Derivatives 56.57 53.04 48.12 48.75
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. 19,100.0 n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 247,462.0
Total Trading Assets at FV through the Income n.a. n.a. n.a. 247,462.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 11,291.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. 6,675.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 4,747.0
AFS Assets - Other n.a. n.a. n.a. 2,122.0
Total AFS Assets 45,281.0 54,266.0 18,819.0 24,835.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 12.90 12.30 12.60 10.10
Total Capital Ratio 14.50 14.10 13.90 12.20
Equity / Tot Assets 2.53 2.64 2.53 1.45
Equity / Net Loans 13.25 12.36 14.71 11.85
Equity / Cust & Short Term Funding 6.80 6.83 7.73 6.08
Equity / Liabilities 2.62 2.75 2.63 1.48
Cap Funds / Tot Assets 3.44 3.76 3.74 2.26
Cap Funds / Net Loans 18.05 17.58 21.75 18.51
Cap Funds / Dep & ST Funding 9.26 9.71 11.44 9.49
Cap Funds / Liabilities 3.56 3.91 3.89 2.32
Subord Debt / Cap Funds 10.02 12.59 13.54 16.46
Operations
Net Interest Margin 0.95 1.02 0.74 0.67
Net Int Rev / Avg Assets 0.86 0.92 0.67 0.60
Oth Op Inc / Avg Assets 0.88 0.90 0.85 -0.03
Non Int Exp / Avg Assets 1.37 1.44 1.23 0.90
Pre-Tax Op Inc / Avg Assets 0.37 0.37 0.30 -0.33
Non Op Items & Taxes / Avg Ast -0.16 -0.23 -0.03 0.14
Return On Avg Assets (ROAA) 0.21 0.14 0.27 -0.19
Return On Avg Equity (ROAE) 8.24 5.27 14.19 -10.94
Dividend Pay-Out 15.97 29.91 9.40 -7.93
Inc Net Of Dist / Avg Equity 6.92 3.70 12.86 -11.81
Non Op Items / Net Income -50.53 -96.87 -5.33 -27.95
Cost To Income Ratio 73.41 75.65 71.31 148.70
Recurring Earning Power 0.46 0.44 0.44 -0.28
Liquidity
Interbank Ratio 265.43 200.05 199.83 84.95
Net Loans / Tot Assets 19.06 21.40 17.20 12.23
Net Loans / Dep & ST Funding 51.30 55.24 52.57 51.29
Net Loans / Tot Dep & Bor 21.77 24.79 20.09 13.57
Liquid Assets / Dep & ST Funding 81.61 81.56 96.91 92.03
Liquid Assets / Tot Dep & Bor 34.63 36.60 37.04 24.34
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 32.62 43.30 44.38 20.50 75.50 108.33 88.38 65.25
Market price - February 35.26 46.40 46.59 20.74 73.77 99.38 92.45 66.30
Market price - March 37.40 41.68 57.10 30.92 72.00 100.76 94.25 66.55
Market price - April 32.90 44.04 51.71 40.20 77.10 113.40 97.32 63.06
Market price - May 29.11 41.41 48.55 47.35 68.99 112.95 89.55 63.18
Market price - June 28.47 40.63 46.61 44.25 54.43 107.20 88.00 64.71
Market price - July 24.80 38.58 53.47 45.70 59.50 101.50 90.25 71.50
Market price - August 28.11 28.36 49.76 47.14 58.19 91.20 89.15 70.22
Market price - September 30.92 26.25 40.15 52.97 50.28 90.34 95.16 77.82
Market price - October n.a. 30.67 41.62 48.90 29.95 92.49 98.61 78.13
Market price - November n.a. 28.64 37.00 48.10 27.92 90.25 97.37 83.13
Market price - December n.a. 29.32 39.06 49.58 28.06 89.48 101.34 81.90
BETA
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 26/10/2012 Nuveen Long/Short Commodity Total Return Fund lists on NYSE
Amex (deal no. 1601415524)
2 25/10/2012 Zur Rose to acquire Celesio's DocMorris (deal no. 1601356136)
Source : Zephyr
35. Mr. Werner Wenning - Member of the Supervisory SupB RE, VI, WW
P009377072 Board (from 2008 to 2013)
- Member of the Nomination NomC WW
Committee
36. Dr. Hugo Bänziger - Member of the Management ExeB RE, VI
P014141683 Board, Chief Risk Officer,
Member of the Executive
Committee (since 04/05/2006)
37. Mr. Pierre Jacques De Weck - Member of the Group Executive ExeB RE, VI
P014141688 Committee, Head of Private
Wealth Management
(since 04/2002)
38. Mr. Stefan Krause - Member of the Management ExeB WW
P038953868 Board; Member of the Group
Executive Committee
39. Mr. Stuart Wilson Lewis - Member of the Group Executive ExeB WW
P066148156 Committee; Member of the
Management Board
40. Mr. Rainer Neske - Member of the Group Executive ExeB VI, WW
P014141687 Committee; Member of the
Management Board
41. Mr. Kevin Parker - Member of the Group Executive ExeB RE
P014141689 Committee and Head of Asset
Management (since 2002)
42. Mr. Henry Ritchotte - Member of the Management ExeB WW
P039813348 Board; Member of the Group
Executive Committee
43. Mr. Werner Helmut Steinmüller - Member of the Group Executive ExeB RE, VI, WW
P014141690 Committee, Head of Global
Transaction Banking
(since 01/04/2009)
44. Mr. Seth H Waugh - Member of the Group Executive ExeB RE
P014141691 Committee, Chief Executive
Officer of Deutsche Bank
Americas (since 01/04/2009)
16. Mr. Robert John Rankin - Co-Head of Corporate Banking & OthDep WW
P100919569 Securities and Head of
Corporate Finance
17. Mr. Werner Helmut Steinmüller - Head of Global Transaction OthDep WW
P014141690 Banking
408
422
bank.de
and the
utsche Bank
pe)
Watch
IFRS IFRS
Unqualified Audited
Restated Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
198,892.0 181,291.0
200,597.0 182,961.0
1,705.0 1,670.0
1,501,247.0 1,211,847.0
21,615.0 19,199.0
506,967.0 375,218.0
972,665.0 817,430.0
0.0 0.0
1,700,139.0 1,393,138.0
2,409.0 3,241.0
222,455.0 175,389.0
1,925,003.0 1,571,768.0
646,252.0 535,290.0
457,946.0 411,916.0
188,306.0 123,374.0
n.a. n.a.
1,056,543.0 846,512.0
512,436.0 392,060.0
357,649.0 125,745.0
186,458.0 328,707.0
181,598.0 154,815.0
n.a. n.a.
1,295.0 2,182.0
39,315.0 32,969.0
1,925,003.0 1,571,768.0
2,645.0 2,717.0
1,705.0 1,670.0
597,764.0 527,454.0
9,383.0 8,612.0
116,634.0 169,038.0
6,345.0 4,771.0
8,146.0 10,950.0
Unqualified Audited
Restated Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
9,188.0 7,008.0
21,877.0 21,263.0
3,918.0 8,868.0
3,238.0 -16.0
12,289.0 11,195.0
2,432.0 1,216.0
21,269.0 19,634.0
612.0 298.0
28.0 0.0
9,212.0 8,339.0
2,239.0 2,260.0
6,973.0 6,079.0
30,712.0 27,943.0
2,274.0 2,005.0
11.60 12.50
8.60 8.50
38,049.0 34,309.0
28,320.0 23,539.0
527.0 444.0
IFRS IFRS
Unqualified Audited
Restated Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
10,901.0 56,803.0
53,574.0 0.0
200.0 207.0
64,675.0 57,010.0
17,371.0 n.a.
38,116.0 50,002.0
55,487.0 50,002.0
9,188.0 7,008.0
3,918.0 8,868.0
793.0 499.0
3,238.0 -16.0
n.a. n.a.
12,289.0 11,195.0
1,286.0 389.0
21,524.0 20,935.0
13,122.0 12,498.0
8,147.0 7,136.0
21,269.0 19,634.0
353.0 328.0
9,796.0 8,637.0
612.0 298.0
n.a. n.a.
9,184.0 8,339.0
124.0 131.0
0.0 92.0
115.0 223.0
19.0 n.a.
n.a. n.a.
9,212.0 8,339.0
2,239.0 2,260.0
n.a. n.a.
6,973.0 6,079.0
428.0 456.0
n.a. n.a.
-1,690.0 -760.0
n.a. n.a.
5,711.0 5,775.0
36.0 9.0
6,937.0 6,070.0
2,274.0 2,005.0
339.0 n.a.
45,540.0 n.a.
n.a. n.a.
n.a. n.a.
41,459.0 n.a.
113,598.0 182,961.0
1,705.0 1,670.0
198,892.0 181,291.0
200,597.0 182,961.0
2,645.0 2,717.0
n.a. n.a.
21,615.0 19,199.0
n.a. n.a.
553,920.0 486,982.0
506,967.0 375,218.0
42,294.0 35,271.0
0.0 n.a.
3,366.0 3,389.0
373,085.0 291,788.0
1,479,632.0 1,192,648.0
7,435.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.0 0.0
1,700,139.0 1,393,138.0
22,229.0 21,273.0
n.a. n.a.
n.a. n.a.
2,409.0 3,241.0
7,232.0 8,612.0
2,151.0 n.a.
2,428.0 6,473.0
4,777.0 0.0
n.a. n.a.
183,638.0 139,031.0
1,925,003.0 1,571,768.0
174,536.0 143,893.0
47,339.0 231,403.0
236,071.0 36,620.0
457,946.0 411,916.0
188,306.0 123,374.0
n.a. n.a.
n.a. n.a.
646,252.0 535,290.0
118,557.0 116,065.0
8,146.0 10,950.0
53,410.0 196,921.0
180,113.0 323,936.0
512,436.0 392,060.0
357,649.0 125,745.0
1,696,450.0 1,377,031.0
n.a. n.a.
n.a. n.a.
1,295.0 2,182.0
4,221.0 6,358.0
2,380.0 0.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
174,997.0 148,457.0
1,879,343.0 1,534,028.0
6,345.0 4,771.0
n.a. n.a.
36,846.0 29,850.0
1,422.0 717.0
3,629.0 3,207.0
-2,524.0 n.a.
-58.0 -805.0
39,315.0 32,969.0
1,925,003.0 1,571,768.0
n.a. n.a.
n.a. n.a.
5.67 32.03
3.96 n.a.
4.10 4.20
3.84 4.94
0.58 0.52
0.54 0.49
0.56 0.52
70.08 74.92
69.25 70.26
1.17 1.26
26.72 28.22
0.54 0.55
6.25 3.45
25.05 27.24
0.51 0.54
24.31 27.10
2.98 3.14
2.79 3.03
19.02 19.86
0.38 0.39
15.58 18.87
0.32 0.37
n.a. n.a.
2.12 2.21
1.74 2.10
n.a. n.a.
n.a. n.a.
1.50 1.56
8.60 8.50
11.60 12.50
n.a. n.a.
2.04 2.10
37.47 32.98
45.75 34.72
n.a. n.a.
11.09 12.36
22.47 n.a.
9.64 n.a.
1.32 1.49
0.85 0.91
64.46 61.46
2.39 3.18
0.32 0.17
0.27 0.25
1.32 1.49
43.80 44.42
11.48 15.56
38.68 41.82
n.a. n.a.
n.a. n.a.
22,444.0 38,473.0
n.a. n.a.
94,190.0 130,565.0
n.a. n.a.
2,041,637.0 1,740,806.0
328,818.0 275,459.0
n.a. n.a.
328,818.0 275,459.0
192,388.4 177,350.5
1,577,602.8 1,357,592.5
1,812,199.8 1,556,998.5
n.a. n.a.
1,445,438.6 1,011,378.0
33,405.6 27,347.0
36,666.8 30,607.7
438,701.7 411,916.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
8,146.0 10,950.0
n.a. n.a.
6,973.0 6,079.0
n.a. n.a.
n.a. n.a.
39,315.0 32,969.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
39,315.0 32,969.0
n.a. n.a.
n.a. n.a.
7,232.0 8,612.0
2,151.0 n.a.
1,219.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
6,231.0 4,771.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
10,901.0 56,803.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
17,371.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 295,252.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 128,876.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
553,920.0 62,854.0
553,920.0 486,982.0
22,984.0 24,749.0
7,435.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
8,240.0 7,813.0
3,635.0 2,709.0
42,294.0 35,271.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.0 n.a.
7,435.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
565,795.0 202,252.0
752.0 732.0
225.0 288.0
527.0 444.0
775.0 684.0
930.0 985.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
17,166.0 16,589.0
617.0 n.a.
21,564.0 13,261.0
n.a. n.a.
n.a. n.a.
2,819.0 n.a.
1,422.0 717.0
37,893.0 32,252.0
35,911.0 29,850.0
3,635.0 3,207.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,635.0 3,207.0
-52.0 -45.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,583.0 3,162.0
n.a. n.a.
3,583.0 3,162.0
n.a. n.a.
39,315.0 32,969.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,274.0 2,005.0
2,274.0 2,005.0
n.a. n.a.
1,219.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
6,231.0 4,771.0
6,231.0 4,771.0
6,231.0 4,771.0
28,320.0 23,539.0
38,049.0 34,309.0
8.60 8.50
11.60 12.50
328,818.0 275,459.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,479,632.0 1,192,648.0
n.a. n.a.
1,479,632.0 1,192,648.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
78,291 68,849
1,889 n.a.
8.60 8.50
n.a. n.a.
11.60 12.50
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
13,597.0 14,265.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Audited
31/12/2007 31/12/2006
0.85 0.91
6.66 4.25
64.46 61.47
1.32 1.49
0.28 0.24
6.95 6.96
6.73 8.24
2.39 3.18
8.60 8.50
11.60 12.50
2.04 2.10
19.77 18.19
6.08 6.16
2.10 2.17
2.80 3.10
27.05 26.86
8.33 9.10
2.88 3.20
15.14 22.49
0.59 0.50
0.53 0.45
1.25 1.35
1.25 1.27
0.53 0.53
-0.13 -0.14
0.40 0.39
19.29 18.44
32.61 32.98
13.00 12.36
0.40 0.00
68.47 69.45
0.56 0.55
11.48 15.56
10.33 11.53
30.78 33.87
11.78 13.27
92.50 98.54
35.41 38.61
CA
2005
65.25
66.30
66.55
63.06
63.18
64.71
71.50
70.22
77.82
78.13
83.13
81.90
Commerzbank AG
Contact details
Bank History :
Established on February 26, 1870 as Commerz- und Disconto-Bank. In 1920, its name changed to Commerz - und Privat
Bank, following the absorption of the Magdeburg - based Mitteldeutsche Privat - Bank. In 1940, its name changed to
Commezbank Aktiengesellschaft. In May 2009, Commerzbank AG absorbed Dresdner Bank AG. Dresdner Bank will
remain as a brand for the time being. On May 22, 2012, Commerzbank AG absorbed Deutsche Schiffsbank AG.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 270,544.0 297,792.0 329,794.0 284,815.0
Gross Loans 278,457.0 306,909.0 339,083.0 290,148.0
Less: Reserves for Impaired Loans/ NPLs 7,913.0 9,117.0 9,289.0 5,333.0
Other Earning Assets 370,836.0 431,115.0 486,704.0 319,516.0
Loans and Advances to Banks 113,832.0 140,579.0 129,089.0 62,969.0
Derivatives 128,886.0 128,817.0 183,643.0 103,510.0
Other Securities 127,310.0 160,527.0 172,693.0 153,037.0
Remaining earning assets 808.0 1,192.0 1,279.0 0.0
Total Earning Assets 641,380.0 728,907.0 816,498.0 604,331.0
Fixed Assets 1,399.0 1,590.0 1,779.0 1,240.0
Non-Earning Assets 18,984.0 23,802.0 25,826.0 19,653.0
Total Assets 661,763.0 754,299.0 844,103.0 625,224.0
Notes
Impaired Loans (Memo) 19,703.0 21,682.0 21,804.0 12,634.0
Loan Loss Reserves (Memo) 7,913.0 9,117.0 9,289.0 5,333.0
Liquid Assets (Memo) 155,318.0 196,223.0 180,819.0 95,122.0
Intangibles (Memo) 3,038.0 3,101.0 3,209.0 1,336.0
Off Balance Sheet Items 91,128.0 98,662.0 110,036.0 82,908.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 6,724.0 7,054.0 7,174.0 4,729.0
Other Operating Income 5,091.0 6,383.0 4,139.0 2,252.0
Net Gains (Losses) on Trading and Derivatives 1,693.0 2,047.0 -551.0 -278.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Fees and Commissions 3,495.0 3,647.0 3,773.0 2,846.0
Remaining Operating Income -97.0 689.0 917.0 -316.0
Overheads 7,992.0 9,463.0 9,511.0 5,332.0
Loan Loss Provisions 1,390.0 2,499.0 4,214.0 1,855.0
Other -1,926.0 -122.0 -2,247.0 -201.0
Profit before Tax 507.0 1,353.0 -4,659.0 -407.0
Tax -240.0 -136.0 -26.0 -466.0
Net Income 747.0 1,489.0 -4,633.0 59.0
Operating Income (Memo) 11,815.0 13,437.0 11,313.0 6,981.0
Net Gains (Losses) on Trading and Derivatives 1,693.0 2,047.0 -551.0 -278.0
Net Gains (Losses) on Other Securities -392.0 108.0 417.0 -665.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions 3,495.0 3,647.0 3,773.0 2,846.0
Other Operating Income 295.0 581.0 500.0 349.0
Total Non-Interest Operating Income 5,091.0 6,383.0 4,139.0 2,252.0
Personnel Expenses 4,178.0 4,418.0 4,698.0 2,499.0
Other Operating Expenses 3,814.0 5,045.0 4,813.0 2,833.0
Total Non-Interest Expenses 7,992.0 9,463.0 9,511.0 5,332.0
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans 117,952.0 134,321.0 139,904.0 117,035.0
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 160,505.0 172,588.0 199,179.0 173,113.0
Less: Reserves for Impaired Loans/ NPLs 7,913.0 9,117.0 9,289.0 5,333.0
Net Loans 270,544.0 297,792.0 329,794.0 284,815.0
Gross Loans 278,457.0 306,909.0 339,083.0 290,148.0
Memo: Impaired Loans included above 19,703.0 21,682.0 21,804.0 12,634.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 36,184.0 41,916.0 47,789.0 62,969.0
Reverse Repos and Cash Collateral 77,648.0 98,663.0 81,300.0 n.a.
Trading Securities and at FV through Income 35,411.0 47,591.0 41,401.0 25,587.0
Derivatives 128,886.0 128,817.0 183,643.0 103,510.0
Available for Sale Securities 30,587.0 41,764.0 44,998.0 41,534.0
Held to Maturity Securities n.a. n.a. n.a. n.a.
At-equity Investments in Associates 838.0 861.0 536.0 420.0
Other Securities 60,474.0 70,311.0 85,758.0 85,496.0
Total Securities 333,844.0 388,007.0 437,636.0 256,547.0
Memo: Government Securities included Above 51,916.0 70,158.0 63,127.0 n.a.
Memo: Total Securities Pledged 19,164.0 41,865.0 100,490.0 75,980.0
Investments in Property 808.0 1,192.0 1,279.0 n.a.
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. n.a. n.a. 0.0
Total Earning Assets 641,380.0 728,907.0 816,498.0 604,331.0
Non-earning Assets
Cash and Due From Banks 6,075.0 8,053.0 10,329.0 6,566.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 1,399.0 1,590.0 1,779.0 1,240.0
Goodwill 2,088.0 2,081.0 2,061.0 1,006.0
Other Intangibles 950.0 1,020.0 1,148.0 330.0
Current Tax Assets 716.0 650.0 1,267.0 684.0
Deferred Tax Assets 4,154.0 3,567.0 4,370.0 6,042.0
Discontinued Operations 1,759.0 1,082.0 2,868.0 n.a.
Other Assets 3,242.0 7,349.0 3,783.0 5,025.0
Total Assets 661,763.0 754,299.0 844,103.0 625,224.0
Interest-bearing Liabilities
Customer Deposits - Current 101,522.0 125,707.0 114,173.0 57,883.0
Customer Deposits - Savings 6,862.0 6,556.0 7,429.0 9,821.0
Customer Deposits - Term 118,751.0 112,464.0 125,416.0 102,499.0
Total Customer Deposits 227,135.0 244,727.0 247,018.0 170,203.0
Deposits from Banks 79,496.0 93,610.0 109,034.0 128,492.0
Repos and Cash Collateral 47,194.0 62,116.0 49,200.0 n.a.
Other Deposits and Short-term Borrowings 28,160.0 41,752.0 62,625.0 53,889.0
Total Deposits, Money Market and Short-term 381,985.0 442,205.0 467,877.0 352,584.0
Funding
Senior Debt Maturing after 1 Year 77,513.0 89,604.0 108,329.0 111,938.0
Subordinated Borrowing 13,285.0 12,910.0 15,850.0 11,836.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 90,798.0 102,514.0 124,179.0 123,774.0
Derivatives 138,296.0 139,585.0 189,701.0 113,257.0
Trading Liabilities 11,916.0 22,298.0 14,632.0 4,504.0
Total Funding 622,995.0 706,602.0 796,389.0 594,119.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 3,761.0 4,778.0 5,115.0 2,030.0
Current Tax Liabilities 680.0 1,072.0 1,346.0 3,161.0
Deferred Tax Liabilities 189.0 222.0 1,240.0 0.0
Other Deferred Liabilities 484.0 559.0 506.0 n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 6,676.0 8,227.0 8,436.0 2,914.0
Total Liabilities 634,785.0 721,460.0 813,032.0 602,224.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 2,175.0 4,181.0 4,495.0 3,158.0
Debt
Pref. Shares and Hybrid Capital accounted for as 2,687.0 17,178.0 17,150.0 8,200.0
Equity
Equity
Common Equity 25,093.0 13,694.0 12,311.0 14,338.0
Non-controlling Interest 699.0 785.0 570.0 657.0
Securities Revaluation Reserves -2,511.0 -1,731.0 -1,755.0 -2,221.0
Foreign Exchange Revaluation Reserves -355.0 -263.0 n.a. n.a.
Fixed Asset Revaluations and Other Accumulated -810.0 -1,005.0 -1,700.0 -1,132.0
OCI
Total Equity 22,116.0 11,480.0 9,426.0 11,642.0
Total Liabilities and Equity 661,763.0 754,299.0 844,103.0 625,224.0
Memo: Fitch Core Capital 17,045.0 6,503.0 4,765.0 8,857.0
Memo: Fitch Eligible Capital 19,595.0 11,059.0 23,207.1 11,958.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 5.32 4.73 4.59 7.25
Interest Expense on Customer Deposits/ Average n.a. n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 2.54 2.26 2.46 3.62
Interest Expense/ Average Interest-bearing 1.60 1.43 1.62 2.86
Liabilities%
Net Interest Income/ Average Earning Assets% 0.99 0.87 0.87 0.80
Net Int. Inc Less Loan Impairment Charges/ Av. 0.78 0.56 0.36 0.49
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 0.99 0.87 0.87 0.80
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 43.09 47.50 36.59 32.26
Non-Interest Expense/ Gross Revenues% 67.64 70.42 84.07 76.38
Non-Interest Expense/ Average Assets% 1.13 1.13 1.11 0.87
Pre-impairment Op. Profit/ Average Equity% 20.57 37.41 9.25 11.23
Pre-impairment Op. Profit/ Average Total Assets% 0.54 0.47 0.21 0.27
Loans and securities impairment charges/ Pre- 120.56 62.88 233.85 112.49
impairment Op. Profit%
Operating Profit/ Average Equity% -4.23 13.89 -12.38 -1.40
Operating Profit/ Average Total Assets% -0.11 0.18 -0.28 -0.03
Taxes/ Pre-tax Profit% -47.34 -10.05 0.56 114.50
Pre-Impairment Operating Profit / Risk Weighted 1.62 1.49 0.64 0.74
Assets%
Operating Profit / Risk Weighted Assets% -0.33 0.55 -0.86 -0.09
Other Profitability Ratios
Net Income/ Average Total Equity% 4.02 14.02 -23.77 0.40
Net Income/ Average Total Assets% 0.11 0.18 -0.54 0.01
Fitch Comprehensive Income/ Average Total Equity -2.06 18.95 -23.42 -24.30
%
Fitch Comprehensive Income/ Average Total Assets -0.05 0.24 -0.53 -0.58
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.32 0.56 -1.65 0.03
Fitch Comprehensive Income/ Risk Weighted -0.16 0.76 -1.63 -1.61
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 7.20 2.44 1.70 3.99
Fitch Eligible Capital/ Weighted Risks% 8.28 4.13 8.28 5.39
Tangible Common Equity/ Tangible Assets% 2.60 0.89 0.60 1.45
Tier 1 Regulatory Capital Ratio% 11.10 11.90 10.50 10.10
Total Regulatory Capital Ratio% 15.50 15.30 14.80 13.90
Core Tier 1 Regulatory Capital Ratio% 9.90 10.00 n.a. n.a.
Equity/ Total Assets% 3.34 1.52 1.12 1.86
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. 0.00 0.00
Cash Dividend Paid & Declared/ Fitch n.a. n.a. 0.00 0.00
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 3.38 12.97 -49.15 0.51
Loan Quality
Growth of Total Assets% -12.27 -10.64 35.01 1.42
Growth of Gross Loans% -9.27 -9.49 16.87 0.26
Impaired Loans(NPLs)/ Gross Loans% 7.08 7.06 6.43 4.35
Reserves for Impaired Loans/ Gross loans% 2.84 2.97 2.74 1.84
Reserves for Impaired Loans/ Impaired Loans% 40.16 42.05 42.60 42.21
Impaired Loans less Reserves for Imp Loans/ Equity 53.31 109.45 132.77 62.71
%
Loan Impairment Charges/ Average Gross Loans% 0.48 0.74 1.15 0.64
Net Charge-offs/ Average Gross Loans% 0.87 0.86 0.64 0.73
Impaired Loans + Foreclosed Assets/ Gross Loans + 7.08 7.06 6.43 4.35
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 122.60 135.43 137.27 170.47
Interbank Assets/ Interbank Liabilities% 45.52 44.78 43.83 49.01
Customer Deposits/ Total Funding excl Derivatives 46.86 43.16 40.72 35.40
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 20,112.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 5,475.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. 25,587.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 123,938.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 1,999.0
AFS Assets - Other n.a. n.a. n.a. 1,093.0
Total AFS Assets 30,587.0 41,764.0 44,998.0 41,534.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 11.10 11.90 10.50 10.10
Total Capital Ratio 15.50 15.30 14.80 13.90
Equity / Tot Assets 3.75 3.80 3.15 3.17
Equity / Net Loans 9.17 9.62 8.06 6.97
Equity / Cust & Short Term Funding 6.49 6.48 5.68 5.63
Equity / Liabilities 3.99 4.05 3.33 3.36
Cap Funds / Tot Assets 6.08 6.07 5.56 5.57
Cap Funds / Net Loans 14.88 15.36 14.23 12.23
Cap Funds / Dep & ST Funding 10.54 10.35 10.03 9.88
Cap Funds / Liabilities 6.48 6.46 5.89 5.90
Subord Debt / Cap Funds 33.00 28.22 33.78 33.98
Operations
Net Interest Margin 0.98 0.91 1.01 0.79
Net Int Rev / Avg Assets 0.95 0.88 0.98 0.76
Oth Op Inc / Avg Assets 0.72 0.80 0.56 0.36
Non Int Exp / Avg Assets 1.33 1.50 1.87 1.16
Pre-Tax Op Inc / Avg Assets 0.34 0.19 -0.33 -0.03
Non Op Items & Taxes / Avg Ast -0.24 0.00 -0.30 0.04
Return On Avg Assets (ROAA) 0.11 0.19 -0.63 0.01
Return On Avg Equity (ROAE) 2.80 5.39 -19.96 0.33
Dividend Pay-Out n.a. n.a. 0.00 0.00
Inc Net Of Dist / Avg Equity n.a. n.a. -19.96 0.33
Non Op Items / Net Income -257.83 -8.19 48.50 -340.68
Cost To Income Ratio 67.64 70.43 84.07 76.38
Recurring Earning Power 0.54 0.50 0.25 0.27
Liquidity
Interbank Ratio 89.85 90.27 81.58 49.01
Net Loans / Tot Assets 40.88 39.48 39.07 45.55
Net Loans / Dep & ST Funding 70.83 67.34 70.49 80.78
Net Loans / Tot Dep & Bor 44.37 42.93 42.25 48.91
Liquid Assets / Dep & ST Funding 40.66 44.37 38.65 26.98
Liquid Assets / Tot Dep & Bor 25.47 28.29 23.17 16.34
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 1.84 5.60 5.65 3.60 20.24 32.38 27.99 16.32
Market price - February 1.89 6.24 5.47 2.77 19.90 31.08 30.54 16.90
Market price - March 1.90 5.51 6.35 4.12 19.94 33.15 32.88 16.74
Market price - April 1.63 4.30 5.93 5.08 23.34 36.73 32.85 16.95
Market price - May 1.34 3.17 5.81 5.57 22.71 36.46 29.30 17.71
Market price - June 1.34 2.98 5.80 4.40 18.87 35.25 28.44 17.96
Market price - July 1.27 2.65 6.94 5.53 20.63 31.71 27.44 18.43
Market price - August 1.26 2.07 6.26 6.46 20.15 30.18 27.30 21.08
Market price - September 1.39 1.90 6.13 8.72 10.81 28.47 26.55 22.70
Market price - October n.a. 1.79 6.48 7.11 8.52 29.32 27.81 21.84
Market price - November n.a. 1.38 5.63 6.23 7.28 26.97 27.17 25.12
Market price - December n.a. 1.30 5.58 5.90 6.73 26.29 28.85 26.02
BETA
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 22/10/2012 Commerzbank to sell its custodian business operations (deal no.
1601414096)
2 16/10/2012 Telefónica sets new offer price range again for Telefónica
Germany IPO (deal no. 1601374463)
3 11/10/2012 Over allotment option exercised in Direct Line IPO (deal no.
1601312462)
4 03/10/2012 ‘Telefónica’s Germany division eyes listing’ (deal no.
1601390898)
5 25/09/2012 Stake in Continental has been sold to international investors
(deal no. 1601405589)
6 16/08/2012 Finedining announces end of additional acceptance period in its
offer for WMF (deal no. 1601384904)
7 07/08/2012 ProCredit Holding has acquired the remaining stake in ProCredit
Bank (deal no. 1601402669)
8 30/07/2012 Ernamio Consulting to acquire a majority stake in Bank Forum
(deal no. 1601388650)
9 25/07/2012 SMS to acquire stake in Paul Wurth (deal no. 1601277390)
10 17/07/2012 Charterhouse acquires Bartec (deal no. 1601373240)
11 10/07/2012 Linde AG completes private placing (deal no. 1601385586)
12 06/07/2012 KKR makes offer for WMF stake (deal no. 1601357030)
13 06/07/2012 KKR increases offer price for preference shares in WMF:
European Commission approves transaction (deal no.
1601357030)
Source : Zephyr
P001112196
39. Mr. Dr. Hubertus Erlen - Member, Central Advisory Board AdvB VI
P014141421
40. Prof. Dr. Johanna Hey - Member of the Central Advisory AdvB VI
P043546934 Board
41. Prof. Dr. Edward G. Krubasik - Member of the Central Advisory AdvB VI
P044923821 Board
42. Mr. Uwe Lüders - Member of the Central Advisory AdvB VI
P066194951 Board
43. Dipl.-Kfm. Friedrich Lürßen - Member, Central Advisory Board AdvB VI
P000894252
44. Dr.-Ing. E.h. Hartmut Mehdorn - Member, Central Advisory Board AdvB VI
P014140798
45. Dr. Christoph M. Müller - Member, Central Advisory Board AdvB VI
P100883755
46. Prof. Hans Georg Näder - Member, Central Advisory Board AdvB VI
P000884103
47. Mr. Klaus Manfred Patig - Member, Central Advisory Board AdvB VI
P101448862
48. DIPL.-WIRTSCH.-ING. Hans - Member, Central Advisory Board AdvB VI
Dieter Pötsch
P014141370
49. Dr. Helmut Reitze - Member, Central Advisory Board AdvB VI
P039587869
50. Mr. Georg Friedrich Wilhelm - Member, Central Advisory Board AdvB VI
Schaeffler
P001887151
51. Dr. Ernst F. Schröder - Member, Central Advisory Board AdvB VI
P001123507
52. Mr. Jürgen Norbert Schulte- - Member, Central Advisory Board AdvB VI
Laggenbeck
52.
P001285055
53. Prof. Dennis J. Snower - Member, Central Advisory Board AdvB VI
P043546869
54. Dr. Dr. h.c. Edmund Stoiber - Member, Central Advisory Board AdvB VI
P039662221
55. Mr. Nicholas Roy Richard Teller - Member of the Central Advisory AdvB VI
P041310569 Board
56. Prof. Dr. Klaus Rudiger - Member, Central Advisory Board AdvB VI
Trützschler
P038953634
57. Dr. Axel Frhr. v. Ruedorffer - Member, Central Advisory Board AdvB VI
P043546901
58. Dr. Bernd W. Voss - Member of the Central Advisory AdvB VI
P000718705 Board
59. Dr Michael Ernst Max Werhahn - Member, Central Advisory Board AdvB VI
P000817251
60. Prof.Dr. Wendelin Wiedeking - Member, Central Advisory Board AdvB VI
P014141385
Watch
16.32
16.90
16.74
16.95
17.71
17.96
18.43
21.08
22.70
21.84
25.12
26.02
DZ Bank AG-Deutsche Zentral-Genossenschaftsbank
Contact details
Bank History :
Established on September 18, 2001, following the merge of GZ-Bank AG and Deutsche Genossenschaftsbank DG BANK.
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 118,482.0 114,051.0 110,334.0 114,891.0
Gross Loans 120,760.0 116,275.0 112,796.0 117,021.0
Less: Reserves for Impaired Loans/ NPLs 2,278.0 2,224.0 2,462.0 2,130.0
Other Earning Assets 277,737.0 262,800.0 272,209.0 304,034.0
Loans and Advances to Banks 80,035.0 73,614.0 61,100.0 70,036.0
Derivatives 34,160.0 24,582.0 24,735.0 29,288.0
Other Securities 100,644.0 103,170.0 129,166.0 152,332.0
Remaining earning assets 62,898.0 61,434.0 57,208.0 52,378.0
Total Earning Assets 396,219.0 376,851.0 382,543.0 418,925.0
Fixed Assets 2,102.0 2,040.0 1,688.0 1,817.0
Non-Earning Assets 7,605.0 4,573.0 4,294.0 6,385.0
Total Assets 405,926.0 383,464.0 388,525.0 427,127.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 3,137.0 2,732.0 2,397.0 2,900.0
Other Operating Income 304.0 1,732.0 1,603.0 -1,419.0
Net Gains (Losses) on Trading and Derivatives -601.0 927.0 1,028.0 -1,905.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Fees and Commissions 963.0 1,113.0 879.0 862.0
Remaining Operating Income -58.0 -308.0 -304.0 -376.0
Overheads 2,722.0 2,588.0 2,481.0 2,487.0
Loan Loss Provisions 379.0 285.0 659.0 402.0
Other -16.0 27.0 -24.0 -143.0
Profit before Tax 324.0 1,618.0 836.0 -1,551.0
Tax -285.0 493.0 490.0 -385.0
Net Income 609.0 1,125.0 346.0 -1,166.0
Operating Income (Memo) 3,441.0 4,464.0 4,000.0 1,481.0
Net Gains (Losses) on Trading and Derivatives -601.0 927.0 1,028.0 -1,905.0
Net Gains (Losses) on Other Securities -333.0 -708.0 -635.0 -640.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Insurance Income 348.0 406.0 314.0 141.0
Net Fees and Commissions 963.0 1,113.0 879.0 862.0
Other Operating Income -73.0 -6.0 17.0 123.0
Total Non-Interest Operating Income 304.0 1,732.0 1,603.0 -1,419.0
Personnel Expenses 1,414.0 1,378.0 1,325.0 1,278.0
Other Operating Expenses 1,308.0 1,210.0 1,156.0 1,209.0
Total Non-Interest Expenses 2,722.0 2,588.0 2,481.0 2,487.0
Memo: Net Income after Allocation to Non- 452.0 897.0 27.0 -1,321.0
controlling Interests
Memo: Common Dividends Relating to the Period 146.0 122.0 58.0 151.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans 23,975.0 22,182.0 20,663.0 19,310.0
Other Mortgage Loans 22,042.0 22,425.0 21,556.0 22,064.0
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 74,743.0 71,668.0 70,577.0 75,647.0
Less: Reserves for Impaired Loans/ NPLs 2,278.0 2,224.0 2,462.0 2,130.0
Net Loans 118,482.0 114,051.0 110,334.0 114,891.0
Gross Loans 120,760.0 116,275.0 112,796.0 117,021.0
Memo: Impaired Loans included above 3,456.0 5,393.0 4,851.0 4,290.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 80,035.0 73,614.0 61,100.0 70,036.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 38,954.0 44,438.0 67,737.0 86,010.0
Derivatives 34,160.0 24,582.0 24,735.0 29,288.0
Available for Sale Securities 59,522.0 56,753.0 59,436.0 64,117.0
Held to Maturity Securities n.a. n.a. n.a. n.a.
At-equity Investments in Associates 2,168.0 1,979.0 1,993.0 2,205.0
Other Securities n.a. n.a. n.a. n.a.
Total Securities 134,804.0 127,752.0 153,901.0 181,620.0
Memo: Government Securities included Above 23,407.0 21,205.0 20,003.0 21,456.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 117.0 112.0 109.0 83.0
Insurance Assets 62,781.0 61,322.0 57,099.0 52,295.0
Other Earning Assets n.a. n.a. n.a. n.a.
Total Earning Assets 396,219.0 376,851.0 382,543.0 418,925.0
Non-earning Assets
Cash and Due From Banks 2,556.0 579.0 487.0 2,187.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 2,102.0 2,040.0 1,688.0 1,817.0
Goodwill 280.0 151.0 149.0 101.0
Other Intangibles 365.0 226.0 187.0 178.0
Current Tax Assets 703.0 756.0 739.0 953.0
Deferred Tax Assets 2,213.0 1,870.0 1,752.0 1,969.0
Discontinued Operations 113.0 47.0 68.0 70.0
Other Assets 1,375.0 944.0 912.0 927.0
Total Assets 405,926.0 383,464.0 388,525.0 427,127.0
Interest-bearing Liabilities
Customer Deposits - Current 11,493.0 7,185.0 6,534.0 8,114.0
Customer Deposits - Savings 38,745.0 36,158.0 31,959.0 30,518.0
Customer Deposits - Term 42,633.0 41,592.0 38,653.0 39,175.0
Total Customer Deposits 92,871.0 84,935.0 77,146.0 77,807.0
Deposits from Banks 106,919.0 104,156.0 55,556.0 59,643.0
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 8,366.0 8,594.0 9,400.0 n.a.
Total Deposits, Money Market and Short-term 208,156.0 197,685.0 142,102.0 137,450.0
Funding
Senior Debt Maturing after 1 Year 46,748.0 46,595.0 56,132.0 65,525.0
Subordinated Borrowing 3,445.0 3,710.0 3,968.0 4,350.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 50,193.0 50,305.0 60,100.0 69,875.0
Derivatives 37,379.0 27,711.0 27,402.0 34,365.0
Trading Liabilities 32,815.0 31,453.0 86,789.0 119,188.0
Total Funding 328,543.0 307,154.0 316,393.0 360,878.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 1,823.0 1,773.0 1,583.0 1,474.0
Current Tax Liabilities 300.0 287.0 329.0 403.0
Deferred Tax Liabilities 701.0 1,024.0 921.0 792.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 57,437.0 56,216.0 52,351.0 48,205.0
Other Liabilities 5,857.0 5,731.0 6,169.0 5,999.0
Total Liabilities 394,661.0 372,185.0 377,746.0 417,751.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 490.0 552.0 546.0 958.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. 2,210.0 2,176.0 1,710.0
Equity
Equity
Common Equity 7,520.0 7,104.0 6,343.0 5,886.0
Non-controlling Interest 4,384.0 2,102.0 1,999.0 1,783.0
Securities Revaluation Reserves -1,101.0 -680.0 -241.0 -926.0
Foreign Exchange Revaluation Reserves -3.0 8.0 -22.0 -3.0
Fixed Asset Revaluations and Other Accumulated -25.0 -17.0 -22.0 -32.0
OCI
Total Equity 10,775.0 8,517.0 8,057.0 6,708.0
Total Liabilities and Equity 405,926.0 383,464.0 388,525.0 427,127.0
Memo: Fitch Core Capital 7,651.0 6,143.0 5,259.0 3,276.0
Memo: Fitch Eligible Capital 7,651.0 6,143.0 7,512.8 4,680.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 6.56 6.64 6.96 7.71
Interest Expense on Customer Deposits/ Average n.a. n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 2.38 2.26 2.31 2.90
Interest Expense/ Average Interest-bearing 1.90 1.88 2.03 2.54
Liabilities%
Net Interest Income/ Average Earning Assets% 0.82 0.71 0.60 0.69
Net Int. Inc Less Loan Impairment Charges/ Av. 0.72 0.64 0.43 0.59
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 0.82 0.71 0.60 0.69
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 8.83 38.80 40.08 -95.81
Non-Interest Expense/ Gross Revenues% 79.10 57.97 62.03 167.93
Non-Interest Expense/ Average Assets% 0.70 0.66 0.61 0.58
Pre-impairment Op. Profit/ Average Equity% 7.57 22.83 18.81 -10.13
Pre-impairment Op. Profit/ Average Total Assets% 0.18 0.48 0.37 -0.23
Loans and securities impairment charges/ Pre- 54.94 13.75 44.96 -54.17
impairment Op. Profit%
Operating Profit/ Average Equity% 3.41 19.69 10.35 -15.63
Operating Profit/ Average Total Assets% 0.08 0.41 0.20 -0.36
Taxes/ Pre-tax Profit% -87.96 30.47 58.61 24.82
Pre-Impairment Operating Profit / Risk Weighted 0.72 2.16 1.60 -0.85
Assets%
Operating Profit / Risk Weighted Assets% 0.33 1.86 0.88 -1.31
Other Profitability Ratios
Net Income/ Average Total Equity% 6.42 13.69 4.29 -11.75
Net Income/ Average Total Assets% 0.16 0.29 0.08 -0.27
Fitch Comprehensive Income/ Average Total Equity 0.95 7.39 13.71 -23.62
%
Fitch Comprehensive Income/ Average Total Assets 0.02 0.15 0.27 -0.55
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.61 1.30 0.36 -0.99
Fitch Comprehensive Income/ Risk Weighted Assets 0.09 0.70 1.16 -1.99
%
Capitalization
Fitch Core Capital/Weighted Risks% 7.68 7.07 5.53 2.78
Fitch Eligible Capital/ Weighted Risks% 7.68 7.07 7.90 3.97
Tangible Common Equity/ Tangible Assets% 2.34 2.07 1.82 1.19
Tier 1 Regulatory Capital Ratio% 10.10 10.60 9.90 7.40
Total Regulatory Capital Ratio% 11.50 12.70 12.40 9.70
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% 2.65 2.22 2.07 1.57
Cash Dividends Paid & Declared/ Net Income% 23.97 10.84 16.76 -12.95
Cash Dividend Paid & Declared/ Fitch Comprehensive 162.22 20.10 5.24 -6.44
Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 4.30 11.78 3.57 -19.63
Loan Quality
Growth of Total Assets% 5.86 -1.30 -9.04 -0.98
Growth of Gross Loans% 3.86 3.08 -3.61 10.08
Impaired Loans(NPLs)/ Gross Loans% 2.86 4.64 4.30 3.67
Reserves for Impaired Loans/ Gross loans% 1.89 1.91 2.18 1.82
Reserves for Impaired Loans/ Impaired Loans% 65.91 41.24 50.75 49.65
Impaired Loans less Reserves for Imp Loans/ Equity 10.93 37.21 29.65 32.20
%
Loan Impairment Charges/ Average Gross Loans% 0.32 0.25 0.57 0.36
Net Charge-offs/ Average Gross Loans% 0.26 0.35 0.25 0.24
Impaired Loans + Foreclosed Assets/ Gross Loans + 2.86 4.64 4.30 3.67
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 130.03 136.90 146.21 150.40
Interbank Assets/ Interbank Liabilities% 74.86 70.68 109.98 117.43
Customer Deposits/ Total Funding excl Derivatives% 31.90 30.39 26.69 23.83
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 52,837.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 375.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 32,798.0
Total Trading Assets at FV through the Income n.a. n.a. n.a. 86,010.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 44,305.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. 18,110.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 1,702.0
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 59,522.0 56,753.0 59,436.0 64,117.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 0.81 0.72 0.60 0.69
Net Int Rev / Avg Assets 0.80 0.71 0.59 0.68
Oth Op Inc / Avg Assets 0.08 0.45 0.39 -0.33
Non Int Exp / Avg Assets 0.79 0.74 0.77 0.67
Pre-Tax Op Inc / Avg Assets 0.09 0.41 0.21 -0.33
Non Op Items & Taxes / Avg Ast 0.07 -0.12 -0.13 0.06
Return On Avg Assets (ROAA) 0.15 0.29 0.09 -0.27
Return On Avg Equity (ROAE) 5.67 10.74 3.71 -12.01
Dividend Pay-Out 23.97 10.84 16.76 -12.95
Inc Net Of Dist / Avg Equity 4.31 9.57 3.09 -13.56
Non Op Items / Net Income -2.63 2.40 -6.94 12.26
Cost To Income Ratio 79.11 57.98 62.03 167.93
Recurring Earning Power 0.18 0.49 0.37 -0.23
Liquidity
Interbank Ratio 74.86 70.68 109.98 117.43
Net Loans / Tot Assets 29.19 29.74 28.40 26.90
Net Loans / Dep & ST Funding 56.92 57.69 77.64 83.59
Net Loans / Tot Dep & Bor 36.45 37.59 35.32 32.23
Liquid Assets / Dep & ST Funding 58.39 60.01 91.01 115.12
Liquid Assets / Tot Dep & Bor 37.39 39.10 41.39 44.38
Date News
1 17/08/2012 Deutsche Wohnen acquires BauBeCon's companies (deal no.
1601373426)
2 02/07/2012 DZ Bank to acquire Wessel-Werk (deal no. 1601216257)
3 27/06/2012 Deutsche Wohnen completes rights issue (deal no. 1601378441)
4 28/05/2012 Deutsche Wohnen acquiring BauBeCon companies (deal no.
1601373426)
5 02/05/2012 Hungarian Development Bank in talks to acquire Magyar
Takarekszoevetkezti Bank (deal no. 1601367305)
6 15/02/2012 Sberbank completes acquisition of Volksbank International (deal
no. 1601262614)
7 19/08/2011 Bregal Capital acquires stake in Novem Beteiligungs (deal no.
1601294162)
8 01/04/2011 d&b audiotechnik acquired in MBO (deal no. 1601259968)
9 14/12/2010 Rewe planning sale of DZ Bank stake (deal no. 1601233739)
10 04/11/2010 Deutsche Euroshop raising funds via rights issue (deal no.
1601226450)
11 26/10/2010 DZ Bank takes over DZ Bank Polska (deal no. 1601218479)
12 17/08/2010 Dievini Hopp BioTech increases stake in Wilex (deal no.
1601203476)
13 30/03/2010 Joyou floats (deal no. 1601167626)
14 24/03/2010 KTG Agrar raises capital (deal no. 1601171531)
15 19/03/2010 DZ Bank seeks approval to acquire stake in VR
FinanzDienstleistung (deal no. 1601170035)
16 01/02/2010 Deutsche Euroshop completes rights issue (deal no.
1601149294)
17 14/12/2009 BayWa sells shares in DZ Bank (deal no. 1601143708)
18 02/11/2009 DZ Bank completes rights issue (deal no. 646776)
19 21/10/2009 IVG Immobilien completes capital increase (deal no.
1601121225)
20 02/09/2009 WGZ-Bank plans to acquire stake in R+V Versicherung (deal no.
1601109017)
21 21/01/2009 Owners of DZ Bank front cash to offset losses (deal no. 646776)
22 12/09/2008 Andreae Noris Zahn acquires a majority stake in Armila (deal no.
1601002740)
23 28/08/2008 Teles sells stake in Freenet (deal no. 1601012376)
24 31/07/2008 Sintex to acquire assets of Geiger Technik (deal no.
1601005919)
25 25/06/2008 DZ Bank and WGZ Bank end merger talks (deal no. 1601001051)
26 02/06/2008 3i and Taros Capital sold Novem Group to Barclays (deal no.
647020)
27 30/05/2008 DZ Bank may be planning acquisitions (deal no. 646780)
28 10/04/2008 DVB Bank announces capital increase (deal no. 633308)
29 04/03/2008 Beate Uhse completes rights issue (deal no. 617092)
30 22/01/2008 DZ Bank increases its stake in Takarekbank (deal no. 516237)
31 27/11/2007 Drillisch completes capital increase (deal no. 591943)
32 11/10/2007 vwd Vereinigte Wirtschaftsdienste postpones capital increase
(deal no. 580181)
33 10/10/2007 Mobotix floats (deal no. 569361)
34 27/06/2007 DZ Bank acquires a stake in Casse Rurali Trentino (deal no.
491749)
35 04/04/2007 AXA Private Equity acquires Flex Elektrowerkzeuge (deal no.
529335)
36 15/02/2007 MediGene completes capital increase (deal no. 515785)
37 31/01/2007 Drillisch raises capital (deal no. 511838)
38 21/01/2007 Merck announces rights issue (deal no. 426532)
39 21/01/2007 E. Merck to increase stake in Merck (deal no. 508734)
40 05/12/2006 DZ Bank buys significant stake in NatIxis (deal no. 498505)
41 22/11/2006 AXA Private Equity acquires CABB. (deal no. 493979)
42 03/11/2006 DZ Bank sells Norisbank branches and brand to Deutsche Bank
(deal no. 438724)
43 30/10/2006 Biofrontera floats (deal no. 406121)
44 19/10/2006 QSIL plans IPO (deal no. 484944)
45 19/10/2006 Gagfah floats (deal no. 361041)
46 29/09/2006 CropEnergies floats (deal no. 469484)
47 17/07/2006 Lone Star has acquired Allgemeine HypothekenBank Rheinboden
AG (deal no. 411823)
48 21/06/2006 DZ Bank completes capital increase (deal no. 412433)
49 12/05/2006 Digital Identification Solutions begins trading on stock exchange
(deal no. 438319)
50 27/04/2006 Evotec completes capital increase (deal no. 438289)
Source : Zephyr
aftsbank DG BANK.
ports
2
S
n Europe)
manager for more
Watch
Contact details
Peer Group
Specialised Gov. Credit Institutions Europe (Excl. Eastern
Peer Group Name
Europe)
Size 114
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 155,226 153,119 156,934 199,643
Gross Loans 157,589 155,414 158,962 202,567
Less: Reserves for Impaired Loans/ NPLs 2,363 2,295 2,028 2,924
Other Earning Assets 148,870 157,074 173,213 206,846
Loans and Advances to Banks 48,996 61,004 73,814 89,123
Derivatives 5,941 4,860 4,711 4,475
Other Securities 90,617 88,274 91,898 109,699
Remaining earning assets 3,316 2,936 2,790 3,549
Total Earning Assets 304,096 310,193 330,147 406,489
Fixed Assets 611 693 836 1,951
Non-Earning Assets 4,437 5,468 7,835 13,015
Total Assets 309,144 316,354 338,818 421,455
Notes
Impaired Loans (Memo) 4,517 5,146 3,860 3,954
Loan Loss Reserves (Memo) 2,508 2,474 2,226 3,141
Liquid Assets (Memo) 101,767 105,629 116,204 141,702
Intangibles (Memo) 147 207 266 2,213
Off Balance Sheet Items 41,007 43,348 52,954 67,117
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 1,963 1,942 2,562 2,670
Other Operating Income 1,357 1,920 1,390 -3,412
Net Gains (Losses) on Trading and Derivatives 106 53 98 -136
Net Gains (Losses) on Assets at FV through Income 341 1,043 887 -2,076
Statement
Net Fees and Commissions 262 312 487 584
Remaining Operating Income 648 512 -82 -1,784
Overheads 2,329 2,319 3,209 2,620
Loan Loss Provisions 548 696 3,277 1,656
Other -109 38 -231 -87
Profit before Tax 334 885 -2,765 -5,105
Tax 269 295 328 249
Net Income 65 590 -3,093 -5,354
Operating Income (Memo) 3,364 3,900 3,961 -751
Memo: Net Income after Allocation to Non- 104 635 -2,619 -5,628
controlling Interests
Memo: Common Dividends Relating to the Period n.a. n.a. n.a. 126
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 157,589 155,414 158,962 202,567
Less: Reserves for Impaired Loans/ NPLs 2,363 2,295 2,028 2,924
Net Loans 155,226 153,119 156,934 199,643
Gross Loans 157,589 155,414 158,962 202,567
Memo: Impaired Loans included above 4,517 5,146 3,860 3,954
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 48,996 61,004 73,814 89,123
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 50,126 42,016 38,878 48,783
Derivatives 5,941 4,860 4,711 4,475
Available for Sale Securities 18,913 18,740 19,804 24,577
Held to Maturity Securities n.a. n.a. n.a. 40
At-equity Investments in Associates 602 786 782 940
Other Securities 20,976 26,732 32,434 35,359
Total Securities 96,558 93,134 96,609 114,174
Memo: Government Securities included Above n.a. n.a. n.a. n.a.
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 2,061 2,773 2,761 3,517
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets 1,255 163 29 32
Total Earning Assets 304,096 310,193 330,147 406,489
Non-earning Assets
Cash and Due From Banks 2,645 2,609 3,512 3,796
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 611 693 836 1,951
Goodwill n.a. 94 150 970
Other Intangibles 147 113 116 1,243
Current Tax Assets 72 78 188 269
Deferred Tax Assets 816 1,709 2,980 4,390
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 757 865 889 2,347
Total Assets 309,144 316,354 338,818 421,455
Interest-bearing Liabilities
Customer Deposits - Current 51,749 51,569 49,023 37,937
Customer Deposits - Savings 9,816 9,300 9,156 8,663
Customer Deposits - Term 31,117 30,865 34,018 44,707
Total Customer Deposits 92,682 91,734 92,197 91,307
Deposits from Banks 75,715 83,171 91,484 142,480
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings n.a. n.a. n.a. n.a.
Total Deposits, Money Market and Short-term 168,397 174,905 183,681 233,787
Funding
Senior Debt Maturing after 1 Year 53,409 60,370 72,322 n.a.
Subordinated Borrowing 5,399 6,554 7,390 10,025
Other Funding 20,530 19,079 20,637 117,748
Total Long Term Funding 79,338 86,003 100,349 127,773
Derivatives 38,649 33,126 31,448 36,296
Trading Liabilities 374 291 236 811
Total Funding 286,758 294,325 315,714 398,667
Non-interest Bearing Liabilities
Fair Value Portion of Debt 136 19 9 -269
Credit impairment reserves 145 179 198 217
Reserves for Pensions and Other 3,919 3,823 3,088 2,895
Current Tax Liabilities 373 197 359 531
Deferred Tax Liabilities 776 1,653 3,009 4,371
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 1,261 1,075 1,053 2,160
Total Liabilities 293,368 301,271 323,430 408,572
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 1,565 1,172 1,327 1,796
Debt
Pref. Shares and Hybrid Capital accounted for as 4,184 4,287 4,128 545
Equity
Equity
Common Equity 10,719 10,552 11,125 10,483
Non-controlling Interest 122 227 387 2,573
Securities Revaluation Reserves -740 -1,087 -1,537 -2,379
Foreign Exchange Revaluation Reserves -74 -68 -42 -135
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. n.a.
OCI
Total Equity 10,027 9,624 9,933 10,542
Total Liabilities and Equity 309,144 316,354 338,818 421,455
Memo: Fitch Core Capital 9,984 9,398 9,657 7,794
Memo: Fitch Eligible Capital 13,834 13,339 13,271 9,397
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.49 4.57 5.42 7.23
Interest Expense on Customer Deposits/ Average n.a. n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.88 3.53 4.27 5.50
Interest Expense/ Average Interest-bearing 3.41 3.08 3.74 4.93
Liabilities%
Net Interest Income/ Average Earning Assets% 0.65 0.59 0.67 0.66
Net Int. Inc Less Loan Impairment Charges/ Av. 0.47 0.38 -0.19 0.25
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 0.65 0.59 0.67 0.66
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 41.65 50.21 35.32 455.53
Non-Interest Expense/ Gross Revenues% 69.23 59.46 81.01 -348.87
Non-Interest Expense/ Average Assets% 0.76 0.69 0.81 0.63
Pre-impairment Op. Profit/ Average Equity% 8.54 13.04 4.96 -30.86
Pre-impairment Op. Profit/ Average Total Assets% 0.32 0.46 0.19 -0.80
Loans and securities impairment charges/ Pre- 55.30 45.11 441.05 -49.26
impairment Op. Profit%
Operating Profit/ Average Equity% 3.82 7.16 -16.92 -46.05
Operating Profit/ Average Total Assets% 0.14 0.25 -0.64 -1.20
Taxes/ Pre-tax Profit% 80.54 33.33 -11.86 -4.88
Pre-Impairment Operating Profit / Risk Weighted 0.84 1.25 0.55 -1.70
Assets%
Operating Profit / Risk Weighted Assets% 0.37 0.68 -1.87 -2.54
Other Profitability Ratios
Net Income/ Average Total Equity% 0.56 4.99 -20.66 -49.14
Net Income/ Average Total Assets% 0.02 0.18 -0.78 -1.28
Fitch Comprehensive Income/ Average Total Equity 3.39 8.57 -14.41 -66.44
%
Fitch Comprehensive Income/ Average Total Assets 0.13 0.30 -0.54 -1.73
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.05 0.48 -2.28 -2.71
Fitch Comprehensive Income/ Risk Weighted Assets 0.33 0.82 -1.59 -3.66
%
Capitalization
Fitch Core Capital/Weighted Risks% 8.43 7.59 7.11 3.94
Fitch Eligible Capital/ Weighted Risks% 11.68 10.77 9.77 4.75
Tangible Common Equity/ Tangible Assets% 3.19 2.97 2.85 1.92
Tier 1 Regulatory Capital Ratio% 11.40 11.20 12.50 8.00
Total Regulatory Capital Ratio% 15.20 15.50 17.00 12.30
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% 3.24 3.04 2.93 2.50
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. n.a. -2.35
Cash Dividend Paid & Declared/ Fitch Comprehensive n.a. n.a. n.a. -1.74
Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 0.65 6.13 -31.14 -51.98
Loan Quality
Growth of Total Assets% -2.28 -6.63 -19.61 1.40
Growth of Gross Loans% 1.40 -2.23 -21.53 15.38
Impaired Loans(NPLs)/ Gross Loans% 2.87 3.31 2.43 1.95
Reserves for Impaired Loans/ Gross loans% 1.50 1.48 1.28 1.44
Reserves for Impaired Loans/ Impaired Loans% 52.31 44.60 52.54 73.95
Impaired Loans less Reserves for Imp Loans/ Equity 21.48 29.62 18.44 9.77
%
Loan Impairment Charges/ Average Gross Loans% 0.35 0.45 1.70 0.88
Net Charge-offs/ Average Gross Loans% 0.26 0.22 0.67 0.00
Impaired Loans + Foreclosed Assets/ Gross Loans + 2.87 3.31 2.43 1.95
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 170.03 169.42 172.42 221.85
Interbank Assets/ Interbank Liabilities% 64.71 73.35 80.69 62.55
Customer Deposits/ Total Funding excl Derivatives% 37.36 35.12 32.43 25.20
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 24,079
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 262
AFS Assets - Other n.a. n.a. n.a. 834
Total AFS Assets 18,913 18,740 19,804 24,577
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 40
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 11.40 11.20 12.50 8.00
Total Capital Ratio 15.20 15.50 17.00 12.30
Equity / Tot Assets 4.60 4.40 4.15 2.63
Equity / Net Loans 9.16 9.09 8.96 5.55
Equity / Cust & Short Term Funding 8.44 7.95 7.66 4.74
Equity / Liabilities 4.94 4.72 4.45 2.78
Cap Funds / Tot Assets 6.85 6.84 6.72 5.44
Cap Funds / Net Loans 13.64 14.13 14.51 11.47
Cap Funds / Dep & ST Funding 12.57 12.37 12.40 9.80
Cap Funds / Liabilities 7.35 7.34 7.21 5.75
Subord Debt / Cap Funds 25.50 30.29 32.44 43.76
Operations
Net Interest Margin 0.64 0.61 0.70 0.66
Net Int Rev / Avg Assets 0.63 0.59 0.67 0.64
Oth Op Inc / Avg Assets 0.43 0.59 0.37 -0.82
Non Int Exp / Avg Assets 0.92 0.92 1.71 1.02
Pre-Tax Op Inc / Avg Assets 0.14 0.26 -0.67 -1.20
Non Op Items & Taxes / Avg Ast -0.12 -0.08 -0.15 -0.08
Return On Avg Assets (ROAA) 0.02 0.18 -0.81 -1.28
Return On Avg Equity (ROAE) 0.46 4.22 -24.60 -44.65
Dividend Pay-Out n.a. n.a. n.a. -2.35
Inc Net Of Dist / Avg Equity n.a. n.a. n.a. -45.71
Non Op Items / Net Income -167.69 6.44 7.47 1.63
Cost To Income Ratio 70.15 60.05 81.20 n.a.
Recurring Earning Power 0.32 0.47 0.20 -0.80
Liquidity
Interbank Ratio 64.71 73.35 80.69 62.55
Net Loans / Tot Assets 50.21 48.40 46.32 47.37
Net Loans / Dep & ST Funding 92.18 87.54 85.44 85.40
Net Loans / Tot Dep & Bor 55.17 53.21 50.90 51.37
Liquid Assets / Dep & ST Funding 60.43 60.39 63.26 60.61
Liquid Assets / Tot Dep & Bor 36.17 36.71 37.69 36.46
Date News
1 16/10/2012 Telefónica sets new offer price range again for Telefónica
Germany IPO (deal no. 1601374463)
2 12/10/2012 Bayerische Landesbank to sell GBW stake after summer (deal no.
1601309115)
3 03/10/2012 ‘Telefónica’s Germany division eyes listing’ (deal no.
1601390898)
4 17/08/2012 Deutsche Wohnen acquires BauBeCon's companies (deal no.
1601373426)
5 12/07/2012 Bayerische Landesbank may sell MKB Bank (deal no.
1601390890)
6 27/06/2012 Deutsche Wohnen completes rights issue (deal no. 1601374995)
15 30/11/2010 MKB Bank will issue new shares (deal no. 1601333184)
16 16/07/2010 Hungarian government may acquire MKB Bank (deal no.
1601203782)
17 04/06/2010 MKB Bank to issue shares (deal no. 1601194884)
18 08/01/2010 MKB Bank has increase stake in MKB Altalanos Bistosito (deal no.
1601333200)
19 08/01/2010 MKB Bank has increase stake in MKB Eletbiztosito (deal no.
1601333208)
20 30/12/2009 Hypo Group Alpe Adria fully nationalised (deal no. 1601064030)
Source : Zephyr
1 71-01
1 71-35 79
ernlb.de
erische
e to Bayerische
S
ports
2
S
pe (Excl. Eastern
Watch
9 130 n.a.
-3,362 374 932
1,656 115 182
n.a. n.a. n.a.
-5,018 259 750
0 0 n.a.
970 998 246
1,243 1,573 n.a.
266 626 425
0 0 n.a.
0 0 n.a.
30159 HANNOVER
GERMANY
Contact details
FRIEDRICHSWALL 10
30159 HANNOVER
GERMANY
Bank History :
Established on July 1, 1970 as a result of the merger between Niedersächsische Landesbank Girozentrale; Braunschweigische Staa
Status
Accounting Standards
Accounts published in
Name of the Auditor
Types of accounts available
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
Date
1 28/06/2011
2 23/05/2011
3 20/04/2011
4 19/04/2011
5 07/04/2011
6 23/12/2010
7 22/11/2010
8 01/10/2010
9 14/04/2010
10 23/03/2010
11 17/03/2010
12 02/02/2010
13 21/01/2010
14 30/12/2009
15 16/11/2009
16 15/09/2009
17 17/08/2009
18 01/05/2009
19 09/04/2009
20 18/02/2009
21 24/10/2008
22 07/10/2008
23 04/09/2008
24 28/07/2008
25 23/07/2008
26 22/07/2008
27 15/04/2008
28 15/04/2008
29 02/04/2008
30 01/04/2008
31 12/03/2008
32 09/03/2008
33 19/02/2008
34 19/02/2008
35 22/01/2008
36 16/11/2007
37 26/09/2007
38 24/08/2007
39 31/07/2007
40 04/05/2007
41 04/05/2007
42 09/03/2007
43 01/03/2007
44 15/02/2007
45 11/12/2006
46 01/12/2006
47 31/10/2006
48 27/10/2006
49 26/10/2006
50 19/10/2006
Source : Zephyr
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
1.
; Braunschweigische Staatsbank; Hannoversche Landeskreditanstalt and Niedersächsische Wohnungskreditanstalt.
Active
International Financial Reporting Standards (IFRS)
mil EUR
Ernst & Young AG
Cons., Uncons. & Add. Cons.
125
Phone number
Fax number
Web Site Address
Consolidation Code
g Standards (IFRS) Nickname
Source
Release Date
Model
t Institution
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
114,619.0
116,404.0
1,785.0
109,841.0
32,928.0
14,939.0
61,880.0
94.0
224,460.0
688.0
2,482.0
227,630.0
123,788.0
63,322.0
56,584.0
3,882.0
92,818.0
16,118.0
179.0
76,521.0
1,067.0
n.a.
3,414.0
6,543.0
227,630.0
6,227.0
1,785.0
40,718.0
153.0
16,454.0
2,547.0
3,565.0
Unqualified
Original
31/12/2011
12 months
mil EUR
1,699.0
797.0
417.0
-218.0
166.0
432.0
1,348.0
205.0
-213.0
730.0
194.0
536.0
2,496.0
n.a.
12.65
10.42
10,727.0
8,838.0
447.0
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
4,956.0
7,974.0
n.a.
12,930.0
2,926.0
8,305.0
11,231.0
1,699.0
417.0
106.0
-218.0
34.0
166.0
292.0
797.0
560.0
788.0
1,348.0
0.0
1,148.0
205.0
147.0
796.0
n.a.
64.0
n.a.
-130.0
n.a.
730.0
194.0
n.a.
536.0
-946.0
n.a.
13.0
313.0
-84.0
19.0
517.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
116,404.0
1,785.0
114,619.0
116,404.0
6,227.0
n.a.
32,928.0
n.a.
6,994.0
14,939.0
49,670.0
4,829.0
387.0
n.a.
76,819.0
19,113.0
n.a.
93.0
n.a.
1.0
224,460.0
796.0
n.a.
n.a.
688.0
0.0
153.0
60.0
721.0
n.a.
752.0
227,630.0
27,307.0
1,471.0
34,544.0
63,322.0
56,584.0
n.a.
3,882.0
123,788.0
65,354.0
3,565.0
5,055.0
73,974.0
16,118.0
179.0
214,059.0
146.0
n.a.
3,414.0
161.0
4.0
n.a.
n.a.
n.a.
756.0
218,540.0
2,547.0
139.0
7,010.0
-57.0
-546.0
-3.0
n.a.
6,404.0
227,630.0
6,391.0
6,627.0
4.39
4.61
5.84
5.31
0.77
0.67
0.77
31.93
54.01
0.60
22.42
0.51
30.66
15.55
0.35
26.58
1.35
0.94
10.47
0.24
-1.64
-0.04
n.a.
0.63
-0.10
7.54
7.81
2.73
10.42
12.65
n.a.
2.81
n.a.
n.a.
n.a.
8.37
-0.42
2.46
5.35
1.53
28.67
69.36
0.18
0.40
5.35
183.83
58.19
31.99
n.a.
n.a.
6,998.0
n.a.
9,456.0
n.a.
244,084.0
84,800.0
n.a.
84,800.0
112,979.4
221,456.8
224,991.2
n.a.
211,402.8
5,472.2
5,119.4
63,424.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,565.0
n.a.
536.0
n.a.
536.0
6,404.0
139.0
n.a.
6,543.0
6,404.0
146.0
-57.0
0.0
153.0
32.0
31.0
0.0
6,391.0
236.0
0.0
6,627.0
2,739.0
n.a.
n.a.
n.a.
n.a.
4,956.0
n.a.
n.a.
n.a.
n.a.
n.a.
2,926.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
49,670.0
n.a.
n.a.
n.a.
n.a.
n.a.
4,829.0
n.a.
n.a.
n.a.
n.a.
n.a.
472.0
25.0
447.0
580.0
1,205.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,494.0
3,175.0
2,480.0
n.a.
n.a.
n.a.
-57.0
6,461.0
6,404.0
-546.0
-3.0
n.a.
n.a.
-549.0
n.a.
n.a.
n.a.
n.a.
-549.0
n.a.
-549.0
139.0
6,543.0
-57.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
32.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
236.0
236.0
236.0
8,838.0
10,727.0
10.42
12.65
84,800.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
76,819.0
n.a.
76,819.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,952
n.a.
10.42
n.a.
12.65
n.a.
n.a.
n.a.
n.a.
n.a.
413.0
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2011
1.53
12.07
28.67
5.35
0.39
60.32
95.17
67.89
10.42
12.65
2.87
5.71
5.29
3.04
5.56
11.04
10.22
5.89
28.17
0.76
0.75
0.35
0.68
0.41
-0.18
0.24
8.62
n.a.
n.a.
-39.74
54.01
0.50
58.19
50.35
92.59
54.45
32.89
19.34
no. 1601281589)
eal no. 1601408424)
deal no. 1601408491)
1601264536)
no. 1601261997)
Bank DnB Nord (deal no. 1601146881)
gtechnik (deal no. 1601370000)
r of Berlin-Hannoversche Hypothekenbank (deal no. 1601220425)
s stake in euromicron (deal no. 1601177985)
(deal no. 1601146884)
o. 1601169061)
enberg family and personally liable partners (deal no. 1601156585)
romicron (deal no. 1601153745)
ided to extit from Bank DnB NORD (deal no. 1601147313)
rm (deal no. 1601134874)
eutschland (deal no. 1601114399)
1601104582)
. 1601078197)
o. 1601068649)
01053962)
o. 1601026218)
ng division to Deutsche Hypothekenbank (deal no. 1601021614)
(deal no. 654481)
deal no. 634206)
ntrol (deal no. 1601004163)
Gruppe (deal no. 1601004163)
es (deal no. 634199)
es (deal no. 634182)
. 1601070086)
. 633858)
n NordLB via a capital increase (deal no. 625721)
24385)
NordLB (deal no. 619804)
n may consider selling stake in NordLB (deal no. 619810)
ekenbank (deal no. 592859)
energetics (deal no. 595045)
93)
nagement & Verwaltung (deal no. 1601050294)
uired by its management, backed by Argantis GmbH (deal no. 568855)
ordLB (deal no. 535540)
B NOR (deal no. 535663)
)
g to DekaBank (deal no. 328383)
C2
NORDIFRS
Annual Report
9/26/2012
ALLBANKS
Stable
IFRS IFR
Unqualified Unqualifie
Original Restate
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
111,587.0 110,291.
113,605.0 112,083.
2,018.0 1,792.
113,940.0 123,637.
36,734.0 42,356.
9,989.0 9,412.
67,120.0 71,775.
97.0 94.
225,527.0 233,928.
702.0 395.
2,357.0 4,268.
228,586.0 238,591.
128,252.0 128,772.
60,742.0 61,303.
60,962.0 62,152.
6,548.0 5,317.
90,313.0 98,481.
10,378.0 9,633.
235.0 232.
79,700.0 88,616.
774.0 2,313.
n.a. n.a
3,357.0 3,238.
5,890.0 5,787.
228,586.0 238,591.
6,274.0 3,739.
2,018.0 1,792.
45,855.0 52,176.
161.0 135.
20,004.0 23,681.
2,951.0 2,982.
3,647.0 2,973.
Unqualified Unqualifie
Original Restate
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
1,650.0 1,366.
514.0 895.
272.0 796.
-166.0 -108.
210.0 177.
198.0 30.
1,213.0 1,119.
657.0 1,042.
-58.0 -192.
236.0 -92.
0.0 49.
236.0 -141.
2,292.0 2,461.
n.a. n.a
11.10 9.7
9.10 8.7
9,605.0 8,976.
7,945.0 8,051.
374.0 365.
IFRS IFR
Unqualified Unqualifie
Original Restate
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
5,184.0 5,809.
7,324.0 10,213.
n.a. n.a
12,508.0 16,022.
2,904.0 3,507.
7,954.0 11,149.
10,858.0 14,656.
1,650.0 1,366.
272.0 796.
135.0 -47.
-166.0 -108.
37.0 76.
210.0 177.
154.0 201.
642.0 1,095.
540.0 480.
673.0 639.
1,213.0 1,119.
-128.0 -200.
951.0 1,142.
657.0 1,042.
53.0 93.
241.0 7.
n.a. n.a
n.a. n.a
n.a. n.a
-5.0 -99.
n.a. n.a
236.0 -92.
0.0 49.
n.a. n.a
236.0 -141.
67.0 305.
n.a. n.a
12.0 0.
-25.0 n.a
290.0 164.
18.0 11.
218.0 -152.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
113,605.0 112,083.
2,018.0 1,792.
111,587.0 110,291.
113,605.0 112,083.
6,274.0 3,739.
n.a. n.a
36,734.0 42,356.
n.a. n.a
8,052.0 7,976.
9,989.0 9,412.
53,756.0 58,171.
4,910.0 4,905.
402.0 723.
n.a. n.a
77,109.0 81,187.
n.a. n.a
n.a. n.a
96.0 93.
n.a. n.a
1.0 1.
225,527.0 233,928.
1,069.0 1,844.
n.a. n.a
n.a. n.a
702.0 395.
11.0 11.
150.0 124.
70.0 137.
480.0 355.
n.a. n.a
577.0 1,797.
228,586.0 238,591.
24,552.0 23,535.
1,464.0 1,480.
34,726.0 36,288.
60,742.0 61,303.
60,962.0 62,152.
n.a. n.a
6,548.0 5,317.
128,252.0 128,772.
68,132.0 77,649.
3,647.0 2,973.
4,970.0 5,012.
76,749.0 85,634.
10,378.0 9,633.
235.0 232.
215,614.0 224,271.
19.0 6.
n.a. n.a
3,357.0 3,238.
182.0 177.
5.0 16.
n.a. n.a
n.a. n.a
n.a. n.a
568.0 2,114.
219,745.0 229,822.
2,951.0 2,982.
818.0 818.
5,037.0 4,885.
6.0 104.
66.0 29.
-37.0 -49.
n.a. n.a
5,072.0 4,969.
228,586.0 238,591.
4,823.0 4,566.
5,641.0 5,384.
4.56 5.1
4.61 5.5
5.33 6.7
4.85 6.4
0.70 0.5
0.42 0.1
0.70 0.5
28.01 44.4
52.92 45.4
0.51 0.4
18.59 22.6
0.40 0.4
74.66 99.3
4.71 0.1
0.10 0.0
0.00 -53.2
1.09 1.2
0.28 0.0
4.61 -2.8
0.10 -0.0
5.67 3.2
0.12 0.0
n.a. n.a
0.27 -0.1
0.33 0.1
5.55 4.9
6.50 5.8
2.12 1.9
9.10 8.7
11.10 9.7
n.a. n.a
2.22 2.0
n.a. n.a
n.a. n.a
n.a. n.a
4.65 -2.8
-4.19 -2.3
1.36 -0.0
5.52 3.3
1.78 1.6
32.16 47.9
83.91 39.1
0.58 0.9
0.33 0.3
5.52 3.3
187.03 182.8
60.26 68.1
29.60 28.5
n.a. n.a
n.a. n.a
7,026.0 7,349.
n.a. n.a
12,978.0 16,332.
n.a. n.a
248,590.0 262,272.
86,850.0 92,575.
n.a. n.a
86,850.0 92,575.
113,709.4 112,222.
234,591.8 238,029.
238,313.8 242,969.
n.a. n.a
224,090.0 228,424.
4,875.0 5,175.
5,116.0 5,042.
63,051.4 63,373.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,647.0 2,973.
n.a. n.a
236.0 -141.
n.a. n.a
236.0 -141.
5,072.0 4,969.
818.0 818.
n.a. n.a
5,890.0 5,787.
5,072.0 4,969.
19.0 6.
6.0 104.
11.0 11.
150.0 124.
70.0 139.
31.0 31.
0.0 0.
4,823.0 4,566.
818.0 818.
0.0 0.
5,641.0 5,384.
2,067.0 1,956.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
5,184.0 5,809.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,904.0 3,507.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
53,756.0 58,171.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
4,910.0 4,905.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
395.0 376.
21.0 11.
374.0 365.
671.0 472.
1,347.0 1,320.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,085.0 1,085.
2,597.0 2,597.
2,173.0 2,217.
n.a. -141.
n.a. n.a
n.a. n.a
6.0 104.
5,066.0 4,865.
5,072.0 4,969.
66.0 29.
-37.0 -49.
n.a. n.a
n.a. n.a
29.0 -20.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
29.0 -20.
n.a. n.a
29.0 -20.
818.0 818.
5,890.0 5,787.
6.0 104.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
70.0 139.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
818.0 818.
818.0 818.
818.0 818.
7,945.0 8,051.
9,605.0 8,976.
9.10 8.7
11.10 9.7
86,850.0 92,575.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
77,109.0 81,187.
n.a. n.a
77,109.0 81,187.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
6,956 6,46
n.a. n.a
9.10 8.7
n.a. n.a
11.10 9.7
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
628.0 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Unqualifie
31/12/2010 31/12/200
1.78 1.6
39.82 76.2
32.16 47.9
5.52 3.3
0.33 0.3
41.88 40.5
106.52 64.6
72.26 33.6
9.10 8.7
11.10 9.7
2.58 2.4
5.28 5.2
4.59 4.4
2.73 2.5
5.46 4.9
11.19 10.6
9.74 9.1
5.78 5.1
29.20 25.3
0.72 0.5
0.71 0.5
0.22 0.3
0.80 0.9
0.13 0.0
-0.03 -0.1
0.10 -0.0
4.04 -2.4
n.a. n.a
n.a. n.a
-24.58 136.1
56.05 49.4
0.41 0.4
60.26 68.1
48.82 46.2
87.01 85.6
52.64 49.8
35.75 40.5
21.63 23.5
Body
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
ExeB
ExeB
ExeB
ExeB
ExeB
Dept
SenMan
utlook Watch
able
IFRS IFRS
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
110,291.0 110,968.0
112,083.0 112,172.0
1,792.0 1,204.0
123,637.0 129,295.0
42,356.0 47,238.0
9,412.0 11,400.0
71,775.0 70,556.0
94.0 101.0
233,928.0 240,263.0
395.0 377.0
4,268.0 3,689.0
238,591.0 244,329.0
128,772.0 138,566.0
61,303.0 61,998.0
62,152.0 69,862.0
5,317.0 6,706.0
98,481.0 95,924.0
9,633.0 12,103.0
232.0 168.0
88,616.0 83,653.0
2,313.0 1,086.0
n.a. 79.0
3,238.0 2,979.0
5,787.0 5,695.0
238,591.0 244,329.0
3,739.0 2,243.0
1,792.0 1,283.0
52,176.0 55,760.0
135.0 123.0
23,681.0 31,220.0
2,982.0 3,005.0
2,973.0 2,624.0
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
1,366.0 1,462.0
895.0 -420.0
796.0 -476.0
-108.0 24.0
177.0 180.0
30.0 -148.0
1,119.0 898.0
1,042.0 266.0
-192.0 144.0
-92.0 22.0
49.0 -129.0
-141.0 151.0
2,461.0 1,036.0
n.a. n.a.
9.70 10.02
8.70 8.10
8,976.0 8,999.0
8,051.0 7,235.0
365.0 234.0
IFRS IFRS
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
5,809.0 7,779.0
10,213.0 17,180.0
n.a. n.a.
16,022.0 24,959.0
3,507.0 5,470.0
11,149.0 18,027.0
14,656.0 23,497.0
1,366.0 1,462.0
796.0 -476.0
-47.0 -250.0
-108.0 24.0
76.0 n.a.
177.0 180.0
201.0 96.0
1,095.0 -426.0
480.0 460.0
639.0 438.0
1,119.0 898.0
-200.0 6.0
1,142.0 144.0
1,042.0 266.0
93.0 n.a.
7.0 -122.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
-99.0 144.0
n.a. n.a.
-92.0 22.0
49.0 -129.0
n.a. n.a.
-141.0 151.0
305.0 -607.0
n.a. n.a.
0.0 12.0
n.a. n.a.
164.0 -444.0
11.0 1.0
-152.0 150.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
112,083.0 112,172.0
1,792.0 1,204.0
110,291.0 110,968.0
112,083.0 112,172.0
3,739.0 2,243.0
n.a. n.a.
42,356.0 47,238.0
n.a. n.a.
7,976.0 7,412.0
9,412.0 11,400.0
58,171.0 57,783.0
4,905.0 4,516.0
723.0 845.0
n.a. n.a.
81,187.0 81,956.0
n.a. n.a.
n.a. n.a.
93.0 96.0
n.a. n.a.
1.0 5.0
233,928.0 240,263.0
1,844.0 1,110.0
n.a. n.a.
n.a. n.a.
395.0 377.0
11.0 11.0
124.0 112.0
137.0 169.0
355.0 421.0
n.a. n.a.
1,797.0 1,866.0
238,591.0 244,329.0
23,535.0 24,997.0
1,480.0 1,712.0
36,288.0 35,289.0
61,303.0 61,998.0
62,152.0 69,862.0
n.a. n.a.
5,317.0 6,706.0
128,772.0 138,566.0
77,649.0 73,680.0
2,973.0 2,624.0
5,012.0 4,344.0
85,634.0 80,648.0
9,633.0 12,103.0
232.0 168.0
224,271.0 231,485.0
6.0 -144.0
n.a. 79.0
3,238.0 2,979.0
177.0 194.0
16.0 30.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,114.0 1,006.0
229,822.0 235,629.0
2,982.0 3,005.0
818.0 700.0
4,885.0 5,254.0
104.0 66.0
29.0 -276.0
-49.0 -49.0
n.a. n.a.
4,969.0 4,995.0
238,591.0 244,329.0
4,566.0 4,454.0
5,384.0 6,120.5
5.18 7.58
5.53 11.45
6.73 11.07
6.42 10.94
0.57 0.65
0.14 0.53
0.57 0.65
44.49 -41.12
45.47 86.68
0.46 0.39
22.65 2.72
0.47 0.06
99.39 184.72
0.14 -2.31
0.00 -0.05
-53.26 -586.36
1.23 0.16
0.01 -0.14
-2.80 2.86
-0.06 0.07
3.25 -8.40
0.07 -0.19
n.a. n.a.
-0.15 0.17
0.18 -0.49
4.93 4.96
5.82 6.81
1.97 1.92
8.70 8.10
9.70 10.02
n.a. n.a.
2.08 2.04
n.a. n.a.
n.a. n.a.
n.a. n.a.
-2.84 3.02
-2.35 21.20
-0.08 26.83
3.34 2.00
1.60 1.07
47.93 53.68
39.18 20.80
0.93 0.26
0.33 0.23
3.34 2.00
182.83 180.93
68.15 67.62
28.56 28.26
n.a. n.a.
n.a. n.a.
7,349.0 8,502.0
n.a. n.a.
16,332.0 22,718.0
n.a. n.a.
262,272.0 275,549.0
92,575.0 89,825.0
n.a. n.a.
92,575.0 89,825.0
112,222.8 102,611.0
238,029.5 225,415.7
242,969.5 228,278.7
n.a. n.a.
228,424.3 214,845.3
5,175.8 5,246.0
5,042.0 5,288.3
63,373.5 47,764.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,973.0 2,624.0
n.a. n.a.
-141.0 151.0
n.a. n.a.
-141.0 151.0
4,969.0 4,995.0
818.0 700.0
n.a. n.a.
5,787.0 5,695.0
4,969.0 4,995.0
6.0 -144.0
104.0 66.0
11.0 11.0
124.0 112.0
139.0 177.0
31.0 31.0
0.0 0.0
4,566.0 4,454.0
818.0 1,666.5
0.0 0.0
5,384.0 6,120.5
1,956.9 1,908.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,809.0 7,779.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,507.0 5,470.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
58,171.0 57,783.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
4,905.0 4,516.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
376.0 251.0
11.0 17.0
365.0 234.0
472.0 218.0
1,320.0 986.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,085.0 1,085.0
2,597.0 n.a.
2,217.0 2,239.0
-141.0 151.0
n.a. n.a.
n.a. n.a.
104.0 66.0
4,865.0 4,929.0
4,969.0 4,995.0
29.0 -276.0
-49.0 -49.0
n.a. n.a.
n.a. n.a.
-20.0 -325.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 2,479.0
-20.0 2,154.0
n.a. n.a.
-20.0 2,154.0
818.0 700.0
5,787.0 5,695.0
104.0 66.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
139.0 177.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 300.0
n.a. n.a.
n.a. 50.0
818.0 1,554.0
818.0 1,666.5
818.0 1,666.5
8,051.0 7,235.0
8,976.0 8,999.0
8.70 8.10
9.70 10.02
92,575.0 89,825.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
81,187.0 81,956.0
n.a. n.a.
81,187.0 81,956.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
6,463 6,257
n.a. n.a.
8.70 8.10
n.a. n.a.
9.70 10.02
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
31/12/2009 31/12/2008
1.60 1.14
76.28 18.19
47.93 57.20
3.34 2.00
0.33 0.23
40.51 56.12
64.61 39.39
33.64 16.86
8.70 8.10
9.70 10.02
2.43 2.33
5.25 5.13
4.49 4.11
2.55 2.44
4.92 4.64
10.65 10.21
9.12 8.17
5.18 4.86
25.32 23.17
0.58 0.67
0.57 0.66
0.37 -0.19
0.90 0.52
0.04 -0.06
-0.10 0.12
-0.06 0.07
-2.46 2.52
n.a. n.a.
n.a. n.a.
136.17 95.36
49.49 86.18
0.47 0.07
68.15 67.62
46.23 45.42
85.65 80.08
49.84 48.49
40.52 40.24
23.58 24.36
Source
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
Source
VI
IFRS IFR
Unqualified Audite
Original Origina
31/12/2007 31/12/200
12 months 12 month
mil EUR mil EU
87,353.0 79,828.
88,442.0 81,326.
1,089.0 1,498.
111,920.0 113,653.
46,229.0 52,348.
5,587.0 5,181.
60,007.0 55,996.
97.0 128.
199,273.0 193,481.
397.0 432.
1,914.0 958.
201,584.0 194,871.
122,032.0 87,888.
47,562.0 35,075.
66,057.0 52,813.
8,413.0 n.a
68,257.0 91,483.
5,795.0 4,517.
397.0 644.
62,065.0 86,322.
1,813.0 6,731.
n.a. n.a
3,181.0 3,304.
6,301.0 5,465.
201,584.0 194,871.
1,914.0 2,901.
1,089.0 1,498.
56,295.0 60,751.
94.0 88.
30,898.0 26,530.
2,837.0 3,047.
2,438.0 2,608.
Unqualified Audite
Original Origina
31/12/2007 31/12/200
12 months 12 month
mil EUR mil EU
1,478.0 1,040.
-87.0 1,801.
-312.0 172.
-150.0 101.
162.0 165.
213.0 1,363.
855.0 1,605.
38.0 17.
5.0 n.a
503.0 1,219.
198.0 247.
305.0 972.
1,302.0 2,779.
163.0 n.a
9.45 10.7
6.96 7.6
9,280.0 8,986.
6,831.0 6,398.
-11.0 n.a
IFRS IFR
Unqualified Audite
Original Origina
31/12/2007 31/12/200
12 months 12 month
mil EUR mil EU
6,959.0 5,927.
3,966.0 2,107.
n.a. n.a
10,925.0 8,034.
5,003.0 4,103.
4,444.0 2,891.
9,447.0 6,994.
1,478.0 1,040.
-312.0 172.
12.0 413.
-150.0 101.
n.a. n.a
162.0 165.
112.0 888.
-176.0 1,739.
430.0 456.
425.0 1,149.
855.0 1,605.
89.0 62.
536.0 1,236.
38.0 17.
n.a. n.a
498.0 1,219.
n.a. n.a
n.a. n.a
n.a. n.a
5.0 n.a
n.a. n.a
503.0 1,219.
198.0 247.
n.a. n.a
305.0 972.
-81.0 412.
n.a. n.a
-30.0 -31.
n.a. n.a
194.0 1,353.
9.0 33.
296.0 939.
163.0 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. 81,326.
n.a. n.a
88,442.0 0.
1,089.0 1,498.
87,353.0 79,828.
88,442.0 81,326.
1,914.0 2,901.
n.a. n.a
46,229.0 52,348.
n.a. n.a
8,959.0 8,219.
5,587.0 5,181.
46,666.0 44,976.
3,602.0 2,087.
780.0 714.
n.a. n.a
65,594.0 61,177.
45,828.0 44,073.
n.a. n.a
97.0 128.
n.a. n.a
0.0 0.
199,273.0 193,481.
1,107.0 184.
n.a. n.a
n.a. n.a
397.0 432.
0.0 0.
94.0 88.
67.0 65.
188.0 113.
n.a. n.a
458.0 508.
201,584.0 194,871.
21,933.0 17,439.
1,573.0 1,676.
24,056.0 15,960.
47,562.0 35,075.
66,057.0 52,813.
n.a. n.a
8,413.0 n.a
122,032.0 87,888.
55,961.0 80,667.
2,438.0 2,608.
829.0 n.a
59,228.0 83,275.
5,795.0 4,517.
397.0 644.
187,452.0 176,324.
-5.0 6,007.
n.a. n.a
3,181.0 3,304.
280.0 317.
8.0 22.
n.a. n.a
n.a. n.a
n.a. n.a
1,530.0 385.
192,446.0 186,359.
2,837.0 3,047.
700.0 n.a
5,234.0 4,982.
97.0 102.
331.0 412.
n.a. n.a
-61.0 -31.
5,601.0 5,465.
201,584.0 194,871.
n.a. n.a
n.a. n.a
8.20 n.a
12.11 n.a
5.56 n.a
5.19 n.a
0.75 n.a
0.73 n.a
0.75 n.a
-13.52 62.5
65.67 57.7
0.43 n.a
9.69 n.a
0.27 n.a
7.09 1.3
9.00 n.a
0.25 n.a
39.36 20.2
0.55 1.4
0.51 1.4
5.51 n.a
0.15 n.a
3.51 n.a
0.10 n.a
n.a. n.a
0.31 1.1
0.20 1.6
n.a. n.a
n.a. n.a
2.73 2.7
6.96 7.6
9.45 10.7
n.a. n.a
2.78 2.8
53.44 n.a
84.02 n.a
n.a. n.a
2.54 17.7
3.44 n.a
8.75 n.a
2.16 3.5
1.23 1.8
56.90 51.6
14.73 25.6
0.04 n.a
-0.01 n.a
2.16 3.5
185.95 231.8
69.98 99.1
26.18 20.4
n.a. n.a
n.a. n.a
10,759.0 9,890.
n.a. n.a
20,139.0 16,622.
n.a. 18.
232,482.0 221,401.
98,156.0 83,560.
n.a. n.a
98,156.0 83,560.
84,884.0 n.a
196,377.0 n.a
198,227.5 n.a
n.a. n.a
181,888.0 n.a
5,108.0 n.a
5,533.0 n.a
41,318.5 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
18,143.0 24,044.
2,894.0 2,940.
12,195.0 8,091.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,438.0 2,608.
n.a. n.a
305.0 972.
n.a. n.a
305.0 n.a
5,601.0 5,465.
700.0 n.a
n.a. n.a
n.a. n.a
5,601.0 5,465.
-5.0 6,007.
97.0 n.a
0.0 0.
94.0 88.
180.0 91.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. 1,068.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
6,959.0 5,927.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
5,003.0 4,103.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
5,073.0 3,630.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
189.0 210.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,274.0 1,923.
6,536.0 5,763.
1,066.0 753.
44,782.0 43,317.
n.a. n.a
n.a. n.a
n.a. n.a
797.0 872.
21.0 34.
46,666.0 44,976.
3,602.0 2,087.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,602.0 2,087.
44,782.0 43,317.
n.a. n.a
n.a. n.a
n.a. n.a
2,281.0 3,039.
5.0 n.a
16.0 n.a
-11.0 n.a
207.0 227.
913.0 1,271.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,564.0 2,864.
n.a. n.a
2,370.0 2,118.
n.a. n.a
n.a. n.a
n.a. n.a
97.0 102.
5,504.0 5,363.
5,601.0 4,982.
331.0 412.
-61.0 n.a
n.a. n.a
n.a. n.a
270.0 412.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
270.0 412.
n.a. n.a
270.0 412.
700.0 n.a
6,301.0 5,465.
97.0 n.a
n.a. n.a
n.a. n.a
n.a. n.a
163.0 n.a
163.0 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. 1,068.
n.a. 1,068.
n.a. 1,068.
6,831.0 6,398.
9,280.0 8,986.
6.96 7.6
9.45 10.7
98,156.0 83,560.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
65,594.0 61,177.
n.a. n.a
65,594.0 61,177.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
5,563 5,56
n.a. n.a
6.96 7.6
n.a. n.a
9.45 10.7
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,015.0 121.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Audite
31/12/2007 31/12/200
1.23 1.8
2.57 1.6
56.90 51.6
2.16 3.5
-0.01 n.a
-3.21 n.a
30.38 53.0
13.09 25.6
6.96 7.6
9.45 10.7
3.13 2.8
7.21 6.8
5.16 6.2
3.32 2.9
5.74 5.7
13.25 13.9
9.49 12.6
6.09 6.0
21.06 23.4
0.75 0.5
0.75 0.5
-0.04 0.9
0.45 0.8
0.25 n.a
-0.10 -0.1
0.15 0.5
5.18 17.7
53.44 n.a
2.41 n.a
1.64 n.a
61.47 56.4
0.27 0.6
69.98 99.1
43.33 40.9
71.58 90.8
47.21 45.9
46.13 69.1
30.43 34.9
IFRS
Audited
Original
31/12/2006
12 months
mil EUR
79,828.0
81,326.0
1,498.0
113,653.0
52,348.0
5,181.0
55,996.0
128.0
193,481.0
432.0
958.0
194,871.0
87,888.0
35,075.0
52,813.0
n.a.
91,483.0
4,517.0
644.0
86,322.0
6,731.0
n.a.
3,304.0
5,465.0
194,871.0
2,901.0
1,498.0
60,751.0
88.0
26,530.0
3,047.0
2,608.0
Audited
Original
31/12/2006
12 months
mil EUR
1,040.0
1,801.0
172.0
101.0
165.0
1,363.0
1,605.0
17.0
n.a.
1,219.0
247.0
972.0
2,779.0
n.a.
10.75
7.66
8,986.0
6,398.0
n.a.
IFRS
Audited
Original
31/12/2006
12 months
mil EUR
5,927.0
2,107.0
n.a.
8,034.0
4,103.0
2,891.0
6,994.0
1,040.0
172.0
413.0
101.0
n.a.
165.0
888.0
1,739.0
456.0
1,149.0
1,605.0
62.0
1,236.0
17.0
n.a.
1,219.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,219.0
247.0
n.a.
972.0
412.0
n.a.
-31.0
n.a.
1,353.0
33.0
939.0
n.a.
n.a.
n.a.
n.a.
81,326.0
n.a.
0.0
1,498.0
79,828.0
81,326.0
2,901.0
n.a.
52,348.0
n.a.
8,219.0
5,181.0
44,976.0
2,087.0
714.0
n.a.
61,177.0
44,073.0
n.a.
128.0
n.a.
0.0
193,481.0
184.0
n.a.
n.a.
432.0
0.0
88.0
65.0
113.0
n.a.
508.0
194,871.0
17,439.0
1,676.0
15,960.0
35,075.0
52,813.0
n.a.
n.a.
87,888.0
80,667.0
2,608.0
n.a.
83,275.0
4,517.0
644.0
176,324.0
6,007.0
n.a.
3,304.0
317.0
22.0
n.a.
n.a.
n.a.
385.0
186,359.0
3,047.0
n.a.
4,982.0
102.0
412.0
n.a.
-31.0
5,465.0
194,871.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
62.58
57.75
n.a.
n.a.
n.a.
1.38
n.a.
n.a.
20.26
1.48
1.46
n.a.
n.a.
n.a.
n.a.
n.a.
1.16
1.62
n.a.
n.a.
2.76
7.66
10.75
n.a.
2.80
n.a.
n.a.
n.a.
17.79
n.a.
n.a.
3.57
1.84
51.64
25.67
n.a.
n.a.
3.57
231.86
99.12
20.42
n.a.
n.a.
9,890.0
n.a.
16,622.0
18.0
221,401.0
83,560.0
n.a.
83,560.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
24,044.0
2,940.0
8,091.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,608.0
n.a.
972.0
n.a.
n.a.
5,465.0
n.a.
n.a.
n.a.
5,465.0
6,007.0
n.a.
0.0
88.0
91.0
n.a.
n.a.
n.a.
1,068.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
5,927.0
n.a.
n.a.
n.a.
n.a.
n.a.
4,103.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,630.0
n.a.
n.a.
n.a.
n.a.
210.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,923.0
5,763.0
753.0
43,317.0
n.a.
n.a.
n.a.
872.0
34.0
44,976.0
2,087.0
n.a.
n.a.
n.a.
n.a.
2,087.0
43,317.0
n.a.
n.a.
n.a.
3,039.0
n.a.
n.a.
n.a.
227.0
1,271.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,864.0
n.a.
2,118.0
n.a.
n.a.
n.a.
102.0
5,363.0
4,982.0
412.0
n.a.
n.a.
n.a.
412.0
n.a.
n.a.
n.a.
n.a.
412.0
n.a.
412.0
n.a.
5,465.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,068.0
1,068.0
1,068.0
6,398.0
8,986.0
7.66
10.75
83,560.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
61,177.0
n.a.
61,177.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
5,560
n.a.
7.66
n.a.
10.75
n.a.
n.a.
n.a.
n.a.
n.a.
121.0
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2006
1.84
1.64
51.64
3.57
n.a.
n.a.
53.08
25.67
7.66
10.75
2.80
6.85
6.22
2.97
5.71
13.93
12.65
6.05
23.45
0.54
0.53
0.92
0.83
n.a.
-0.13
0.50
17.79
n.a.
n.a.
n.a.
56.49
0.63
99.12
40.97
90.83
45.95
69.12
34.97
Deutsche Pfandbriefbank AG
80539 MÜNCHEN
GERMANY
Contact details
FREISINGER STRASSE 5
80539 MÜNCHEN
GERMANY
Formerly known as
Bank History :
Established in 1869. In September 2001, Bayerische Handelsbank AG absorbed Süddeutsche Bodencreditbank AG and Nürnberger
Status
Accounting Standards
Accounts published in
Name of the Auditor
Types of accounts available
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Debt Securities < 3 Months
Debt Securities 3 - 12 Months
Debt Securities 1 - 5 Years
Debt Securities > 5 Years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
Date
1 17/08/2012
2 28/05/2012
3 29/06/2009
4 27/11/2008
5 30/09/2008
6 23/05/2008
7 27/08/2006
8 02/08/2006
9 12/05/2006
10 25/01/2006
11 23/01/2006
12 10/01/2005
13 24/10/2003
14 28/07/2003
15 26/03/2003
16 22/11/2002
17 22/11/2002
Source : Zephyr
Current Directors / Managers / Contacts
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
1.
2.
3.
4.
5.
6.
SCHLAND
bank AG and Nürnberger Hypothekenbank and changed its name to HVB Real Estate Bank AG. On October 1, 2003, changed its name to Hypo
Active
International Financial Reporting Standards (IFRS)
mil EUR
KPMG Audit
Cons., Uncons. & Add. Uncons.
22
Dr Günther Bräunig -
P039811140
Miss Dagmar Petra Kollmann -
P108482452
Mr. Georg Kordick -
P039454534
Mrs. Heike Theißing -
P129705678
Dr. Hedda von Wedel -
P015721286
Miss Manuela Better -
P039376981
Mr. Wolfgang Jürgen Groth -
P103302583
Dr. Bernhard Scholz -
P039815100
Mr. Alexander Freiherr von Uslar-Gleichen -
P028349709
Phone number
Fax number
Web Site Address
hanged its name to Hypo Real Estate Bank AG. In November 2003, absorbed Westfälische Hypothekenbank AG - Die WestHyp. In November200
Consolidation Code
g Standards (IFRS) Nickname
Source
Release Date
Model
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
54,759
55,236
477
51,931
7,632
15,532
28,677
90
106,690
3
2,086
108,779
29,619
12,363
8,223
9,033
64,238
15,730
2
48,506
11,667
n.a.
163
3,092
108,779
1,333
477
8,103
35
1,175
293
2,208
Unqualified
Original
31/12/2011
12 months
mil EUR
371
283
-27
-37
32
315
488
-12
10
188
71
117
654
n.a.
n.a.
16.20
n.a.
16
90
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
2,141
1,550
n.a.
3,691
1,014
2,306
3,320
371
-27
0
-37
n.a.
32
315
283
129
359
488
n.a.
166
-12
-3
181
n.a.
9
2
n.a.
n.a.
188
71
n.a.
117
-290
n.a.
1
-97
-269
n.a.
117
n.a.
n.a.
n.a.
32,984
n.a.
n.a.
22,252
477
54,759
55,236
1,333
n.a.
7,632
n.a.
148
15,532
3,915
24,613
1
n.a.
44,209
n.a.
n.a.
90
n.a.
0
106,690
323
n.a.
n.a.
3
0
35
55
1,419
n.a.
254
108,779
841
n.a.
11,522
12,363
8,223
n.a.
9,033
29,619
46,005
2,208
n.a.
48,213
15,730
2
93,564
n.a.
n.a.
163
82
1,291
n.a.
n.a.
n.a.
10,294
105,394
293
999
2,256
n.a.
-549
-34
420
2,093
108,779
1,917
2,916
3.81
6.87
2.67
2.69
0.27
0.28
0.27
43.27
74.62
0.35
7.34
0.12
-9.04
8.01
0.13
37.77
0.98
1.06
5.18
0.08
-11.90
-0.19
n.a.
0.69
-1.58
11.28
17.15
1.77
16.20
n.a.
n.a.
1.92
n.a.
n.a.
n.a.
5.59
-41.77
-5.90
2.41
0.86
35.78
40.90
-0.02
0.16
2.41
446.78
92.81
15.88
n.a.
n.a.
38
n.a.
1,137
0
109,954
17,000
n.a.
17,000
56,121
138,449
140,536
n.a.
123,569
2,205
2,260
14,767
3,608
5,286
20,326
26,016
1,657
1,500
10,987
14,533
5,183
150
1,032
1,267
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,442
786
2,750
245
5,782
5,770
26,506
29,343
67,401
n.a.
n.a.
99
416
947
1,039
2,208
n.a.
117
n.a.
117
2,093
999
n.a.
3,092
2,093
0
0
0
35
141
0
0
1,917
0
999
2,916
822
n.a.
n.a.
n.a.
n.a.
2,141
n.a.
n.a.
n.a.
n.a.
n.a.
1,014
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,915
n.a.
n.a.
n.a.
n.a.
n.a.
24,613
n.a.
n.a.
n.a.
n.a.
n.a.
101
11
90
64
413
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
5,416
n.a.
-3,277
117
n.a.
n.a.
n.a.
2,093
2,093
-549
-34
n.a.
n.a.
-583
420
n.a.
n.a.
n.a.
-163
n.a.
-163
999
3,092
n.a.
n.a.
n.a.
n.a.
0
n.a.
n.a.
141
n.a.
n.a.
287
n.a.
n.a.
n.a.
999
999
0
16
n.a.
16.20
n.a.
17,000
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
44,209
n.a.
44,209
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
993
n.a.
16.20
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2011
0.86
-3.24
35.78
2.41
0.16
85.71
43.11
27.68
16.20
n.a.
2.84
5.65
10.44
3.00
5.14
10.21
18.88
5.42
39.48
0.26
0.25
0.19
0.32
0.12
-0.04
0.08
3.63
n.a.
n.a.
8.55
74.62
0.11
92.81
50.34
184.88
59.94
27.36
8.87
Executive Sales/Distribution
Executive Marketing/Advertising
Executive Procurement
Executive Fleet Management
Executive Information Systems
DE13105
13105
Active
WestHyp. In November2008, absorbed Hypo Real Estate Bank International AG. In June 2009, Hypo Real Estate Bank AG absorbed DePfa Deuts
C2
PBBIFRS
Annual Report
8/24/2012
ALLBANKS
12
12
169
174
astern Europe)
ction/Direction Outlook
Stable
IFRS IFR
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
58,141 87,89
58,702 91,22
561 3,32
126,534 121,99
72,068 78,15
20,775 12,82
33,605 30,91
86 10
184,675 209,89
5 1
2,143 5,31
186,823 215,21
91,551 127,36
17,384 12,37
62,587 67,62
11,580 47,36
75,642 80,68
20,608 14,95
2
55,032 65,72
16,093 4,28
n.a. n.a
176 15
3,361 2,73
186,823 215,21
1,237 9,45
561 3,32
72,609 79,69
32 2
923 3,38
286 26
2,480 3,62
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
600 78
195 -9
69 -5
-37
-10 -6
173 1
478 35
443 1,89
-9 -1
-135 -1,57
50 -
-185 -1,57
795 68
n.a.
n.a. n.a
16.70 6.0
n.a. n.a
17
702 36
IFRS IFR
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
3,410 3,73
1,539 1,52
n.a. n.a
4,949 5,25
1,261 1,03
3,088 3,43
4,349 4,47
600 78
69 -5
0 -1
-37
n.a. n.a
-10 -6
173 2
195 -9
94 11
384 24
478 35
n.a. n.a
317 33
443 1,89
17 3
-143 -1,58
n.a. n.a
16 2
8 1
n.a. n.a
n.a. n.a
-135 -1,57
50 -
n.a. n.a
-185 -1,57
69 -5
n.a. n.a
-1 n.a
745 n.a
628 -1,62
n.a. n.a
-185 -1,57
n.a.
n.a. n.a
n.a. n.a
35,941 54,30
n.a. n.a
n.a. n.a
22,761 36,91
561 3,32
58,141 87,89
58,702 91,22
1,237 9,45
n.a. n.a
12,128 78,15
59,940 n.a
317 92
20,775 12,82
2,291 2,80
30,995 27,17
2
n.a. n.a
114,320 43,73
n.a. n.a
n.a. n.a
86 10
n.a. n.a
0
184,675 209,89
224 61
n.a. n.a
n.a. n.a
5 1
0 n.a
32 2
64 13
1,481 4,23
n.a. n.a
342 30
186,823 215,21
3,464 5
n.a. n.a
13,920 12,32
17,384 12,37
62,587 67,62
n.a. n.a
11,580 47,36
91,551 127,36
52,266 61,82
2,480 3,62
n.a. n.a
54,746 65,45
20,608 14,95
2
166,907 207,78
n.a. n.a
n.a. n.a
176 15
83 8
1,443 3,64
n.a. n.a
n.a. n.a
n.a. n.a
14,567 54
183,176 212,21
286 26
999 99
2,142 2,59
n.a. n.a
-259 -32
-35 n.a
514 -53
2,362 1,73
186,823 215,21
2,173 1,53
3,308 2,74
4.26 4.3
8.58 8.1
2.40 2.5
2.19 2.2
0.29 0.3
0.08 -0.5
0.29 0.3
24.53 -14.2
60.13 51.5
0.23 0.1
16.68 34.6
0.15 0.1
145.11 576.8
-7.53 -165.0
-0.07 -0.7
-37.04 0.1
1.97 0.7
-0.89 -3.4
-9.74 -163.1
-0.09 -0.7
33.05 -168.6
0.30 -0.7
n.a. n.a
-1.15 -3.4
3.90 -3.5
13.50 3.3
20.54 6.0
1.16 0.7
16.70 6.0
n.a. n.a
n.a. n.a
1.26 0.8
n.a. 0.0
n.a. 0.0
n.a. n.a
-7.83 -90.5
-13.19 16.6
-35.65 30.4
2.11 10.3
0.96 3.6
45.35 35.2
28.62 353.1
0.55 2.2
0.88 0.4
2.11 10.3
337.68 736.9
19.38 115.5
11.88 6.4
n.a. n.a
n.a. n.a
102 68
n.a. n.a
790 2,64
31 4
187,746 218,59
16,100 45,60
n.a. n.a
16,100 45,60
80,074 85,39
206,142 204,35
210,511 209,64
n.a. n.a
198,631 203,60
2,222 2,02
1,900 96
14,697 12,71
62,605 6,53
5,654 10,76
24,132 35,81
26,251 38,10
3,758 74
3,275 2,68
11,509 9,54
15,063 17,93
8,910 68,02
686 3,14
1,126 2,50
1,406 4,48
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. 25
n.a. 1,57
n.a. 3,80
n.a. 6,73
59,514 58,50
1,199 7,03
1,465 1,15
409 93
7,325 8,22
10,488 39,14
30,956 31,66
32,461 30,16
81,230 109,19
n.a. n.a
n.a. n.a
215 3
113 21
1,193 1,35
1,245 2,29
2,480 3,62
n.a. n.a
-185 -1,57
n.a. n.a
-185 -1,57
2,362 1,73
999 99
n.a. n.a
3,361 2,73
2,362 1,73
0
0
0
32 2
157 16
0
0
2,173 1,53
136 20
999 99
3,308 2,74
931 65
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,410 3,73
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,261 1,03
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,291 2,80
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
30,995 27,17
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
705 36
3
702 36
100 55
461 2,77
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
5,416 38
n.a. 5,03
-3,124 -1,31
-185 -1,51
n.a. n.a
n.a. n.a
n.a. n.a
2,362 1,73
2,362 1,73
-259 -32
-35 n.a
n.a. n.a
n.a. n.a
-259 -32
514 -53
n.a. n.a
n.a. n.a
n.a. n.a
255 -85
n.a. n.a
255 -85
999 99
3,361 2,73
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
0
n.a.
n.a. n.a
157 16
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
271 n.a
n.a. 27
999 99
1,135 1,20
136 20
17
n.a. n.a
16.70 6.0
n.a. n.a
16,100 45,60
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
114,320 43,73
n.a. n.a
114,320 43,73
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
925 86
n.a. n.a
16.70 6.0
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Unqualifie
31/12/2010 31/12/200
0.96 3.6
73.83 240.7
45.35 35.2
2.11 10.3
0.94 0.4
272.09 112.8
36.81 345.7
20.11 224.0
16.70 6.0
n.a. n.a
1.80 1.2
5.78 3.1
3.67 2.1
1.86 1.3
3.28 3.0
10.54 7.5
6.69 5.2
3.39 3.1
40.48 54.7
0.30 0.4
0.30 0.3
0.10 -0.0
0.46 1.1
-0.06 -0.7
-0.03 -0.0
-0.09 -0.7
-6.07 -98.5
n.a. 0.0
n.a. -98.5
4.87 0.9
60.13 51.5
0.16 0.1
115.15 115.5
31.12 40.8
63.51 69.0
35.36 43.0
79.31 62.5
44.16 39.0
Body
SupB
SupB
SupB
SupB
SupB
SupB
ExeB
ExeB
ExeB
ExeB
Dept
FinAcc
HR
Sales
MarkAdv
Proc
OthDep
IT&IS
AG absorbed DePfa Deutsche Pfandbriefbank AG and changed its name to Deutsche Pfandbriefbank AG.
utlook Watch
able
IFRS IFR
Unqualified Unqualifie
Original Origina
31/12/2009 31/12/200
12 months 12 month
mil EUR mil EU
87,895 68,09
91,221 69,93
3,326 1,84
121,997 111,03
78,151 72,12
12,824 9,92
30,914 28,93
108 5
209,892 179,12
10 1
5,315 5,35
215,217 184,49
127,369 119,66
12,378 13,98
67,625 56,46
47,366 49,21
80,681 60,25
14,957 11,76
2 n.a
65,722 48,48
4,281 3,95
n.a. n.a
153 16
2,733 45
215,217 184,49
9,450 4,21
3,326 1,84
79,694 73,70
28 2
3,380 7,14
269 41
3,626 1,82
Unqualified Unqualifie
Original Origina
31/12/2009 31/12/200
12 months 12 month
mil EUR mil EU
785 71
-98 -58
-53 -65
2 -2
-60 2
13 7
354 13
1,890 1,10
-15 -1,38
-1,572 -2,49
-2 -8
-1,570 -2,41
687 12
n.a. n.a
6.00 n.a
n.a. n.a
6 n.a
361 17
IFRS IFR
Unqualified Unqualifie
Original Origina
31/12/2009 31/12/200
12 months 12 month
mil EUR mil EU
3,731 3,17
1,525 1,24
n.a. n.a
5,256 4,41
1,038 1,25
3,433 2,45
4,471 3,70
785 71
-53 -65
-12 -
2 -2
n.a. n.a
-60 2
25 7
-98 -58
112 2
242 11
354 13
n.a. n.a
333 -
1,890 1,10
31 1,25
-1,588 -2,36
n.a. n.a
26
10 13
n.a. n.a
n.a. -
-1,572 -2,49
-2 -8
n.a. n.a
-1,570 -2,41
-53 n.a
n.a. n.a
n.a. n.a
n.a. n.a
-1,623 -2,41
n.a. n.a
-1,570 -2,41
0
n.a. n.a
n.a. n.a
54,303 n.a
n.a. n.a
n.a. 57,97
36,918 11,96
3,326 1,84
87,895 68,09
91,221 69,93
9,450 4,21
n.a. n.a
78,151 72,12
n.a. n.a
925 1,03
12,824 9,92
2,809 2,76
27,178 25,07
2 5
n.a. n.a
43,738 38,85
n.a. n.a
n.a. n.a
108 n.a
n.a. n.a
0 5
209,892 179,12
618 54
n.a. n.a
n.a. 18
10 1
n.a. n.a
28 2
131 8
4,234 4,34
n.a. n.a
304 18
215,217 184,49
53 57
n.a. n.a
12,325 13,41
12,378 13,98
67,625 56,46
n.a. n.a
47,366 49,21
127,369 119,66
61,827 46,25
3,626 1,82
n.a. n.a
65,453 48,07
14,957 11,76
2 n.a
207,781 179,50
n.a. n.a
n.a. n.a
153 16
85 3
3,648 3,54
n.a. n.a
n.a. n.a
n.a. n.a
548 38
212,215 183,63
269 41
999
2,592 1,69
n.a. n.a
-328 -27
n.a. n.a
-530 -96
1,734 45
215,217 184,49
1,538 26
2,740 37
4.37 n.a
8.17 n.a
2.57 n.a
2.20 n.a
0.38 n.a
-0.54 n.a
0.38 n.a
-14.26 -455.4
51.53 107.0
0.17 n.a
34.60 n.a
0.16 n.a
576.88 n.s
-165.02 n.a
-0.76 n.a
0.13 3.2
0.73 n.a
-3.48 n.a
-163.15 n.a
-0.75 n.a
-168.66 n.a
-0.77 n.a
n.a. n.a
-3.44 n.a
-3.56 n.a
3.37 n.a
6.01 n.a
0.72 0.1
6.00 n.a
n.a. n.a
n.a. n.a
0.81 0.2
0.00 0.0
0.00 0.0
n.a. n.a
-90.54 -532.3
16.65 n.a
30.43 n.a
10.36 6.0
3.65 2.6
35.20 43.6
353.17 523.5
2.21 n.a
0.42 n.a
10.36 6.2
736.96 500.0
115.57 127.7
6.42 8.3
n.a. n.a
n.a. n.a
689 1,85
n.a. n.a
2,649 5,23
42 5
218,597 191,64
45,600 n.a
n.a. n.a
45,600 n.a
85,390 n.a
204,359 n.a
209,640 n.a
n.a. n.a
203,601 n.a
2,021 n.a
962 n.a
12,711 n.a
6,539 7,51
10,765 7,48
35,814 29,69
38,102 25,23
748 83
2,682 2,28
9,549 9,40
17,935 16,40
68,025 66,16
3,142 1,07
2,502 3,47
4,482 1,41
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
258 2,48
1,572 1,35
3,809 2,98
6,739 7,15
58,503 43,32
7,034 8,72
1,158 3,49
930 91
8,225 n.a
39,141 49,21
31,664 46,25
30,163 n.a
109,193 95,46
n.a. n.a
n.a. n.a
32 n.a
217 24
1,353 1,99
2,293 n.a
3,626 1,82
n.a. n.a
-1,570 -2,41
n.a. n.a
-1,570 -2,41
1,734 45
999
n.a. n.a
2,733 45
1,734 45
0
0
0
28 2
168 16
0
0
1,538 26
203 11
999
2,740 37
659 11
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,731 3,17
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,038 1,25
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,809 2,76
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
27,178 25,07
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
363 18
2
361 17
550 43
2,776 1,40
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
380 38
5,037 2,98
-1,310 68
-1,515 -2,36
n.a. n.a
n.a. n.a
n.a. n.a
1,734 45
1,734 45
-328 -27
n.a. n.a
n.a. n.a
n.a. n.a
-328 -27
-530 -96
n.a. n.a
n.a. n.a
n.a. n.a
-858 -1,23
n.a. n.a
-858 -1,23
999
2,733 45
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
0
0
n.a. n.a
168 16
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
271 27
999
1,202 20
203 20
6 n.a
n.a. n.a
6.00 n.a
n.a. n.a
45,600 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
43,738 38,85
n.a. n.a
43,738 38,85
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
864 85
n.a. n.a
6.00 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Unqualifie
31/12/2009 31/12/200
3.65 2.6
240.76 155.2
35.20 43.6
10.36 6.0
0.45 0.2
112.81 -13.5
345.77 929.0
224.08 523.5
6.00 n.a
n.a. n.a
1.27 0.2
3.11 0.6
2.15 0.3
1.31 0.2
3.08 1.4
7.54 3.9
5.20 2.2
3.18 1.4
54.71 67.8
0.40 0.4
0.39 0.3
-0.05 -0.3
1.12 0.6
-0.78 -0.6
-0.01 -0.7
-0.79 -1.3
-98.53 -532.3
0.00 0.0
-98.53 -532.3
0.96 57.2
51.53 107.0
0.17 -0.0
115.57 127.7
40.84 36.9
69.01 56.9
43.05 38.3
62.57 61.6
39.04 41.4
Source
VC, VI
VC
VC
VC
VC
VC
VC
VC
VC
VC
Source
VC
VC
VC
VC
VC
VC
VC
IFRS
Unqualified
Original
31/12/2008
12 months
mil EUR
68,097
69,938
1,841
111,032
72,126
9,920
28,934
52
179,129
12
5,355
184,496
119,660
13,985
56,464
49,211
60,256
11,769
n.a.
48,487
3,958
n.a.
168
454
184,496
4,218
1,841
73,709
23
7,144
411
1,826
Unqualified
Original
31/12/2008
12 months
mil EUR
711
-583
-652
-25
23
71
137
1,104
-1,384
-2,497
-80
-2,417
128
n.a.
n.a.
n.a.
n.a.
178
IFRS
Unqualified
Original
31/12/2008
12 months
mil EUR
3,174
1,244
n.a.
4,418
1,254
2,453
3,707
711
-652
-5
-25
n.a.
23
76
-583
21
116
137
n.a.
-9
1,104
1,250
-2,363
n.a.
4
133
n.a.
-5
-2,497
-80
n.a.
-2,417
n.a.
n.a.
n.a.
n.a.
-2,417
n.a.
-2,417
0
n.a.
n.a.
n.a.
n.a.
57,974
11,964
1,841
68,097
69,938
4,218
n.a.
72,126
n.a.
1,037
9,920
2,769
25,075
53
n.a.
38,854
n.a.
n.a.
n.a.
n.a.
52
179,129
546
n.a.
183
12
n.a.
23
82
4,341
n.a.
180
184,496
575
n.a.
13,410
13,985
56,464
n.a.
49,211
119,660
46,250
1,826
n.a.
48,076
11,769
n.a.
179,505
n.a.
n.a.
168
31
3,545
n.a.
n.a.
n.a.
382
183,631
411
0
1,693
n.a.
-275
n.a.
-964
454
184,496
263
376
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-455.47
107.03
n.a.
n.a.
n.a.
n.s.
n.a.
n.a.
3.20
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.14
n.a.
n.a.
n.a.
0.25
0.00
0.00
n.a.
-532.38
n.a.
n.a.
6.03
2.63
43.65
523.57
n.a.
n.a.
6.28
500.09
127.74
8.34
n.a.
n.a.
1,855
n.a.
5,232
57
191,640
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
7,517
7,488
29,694
25,238
833
2,288
9,405
16,408
66,160
1,075
3,474
1,417
n.a.
n.a.
n.a.
n.a.
2,486
1,356
2,986
7,157
43,328
8,723
3,496
917
n.a.
49,211
46,250
n.a.
95,461
n.a.
n.a.
n.a.
244
1,993
n.a.
1,826
n.a.
-2,417
n.a.
-2,417
454
0
n.a.
454
454
0
0
0
23
168
0
0
263
113
0
376
113
n.a.
n.a.
n.a.
n.a.
3,174
n.a.
n.a.
n.a.
n.a.
n.a.
1,254
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,769
n.a.
n.a.
n.a.
n.a.
n.a.
25,075
n.a.
n.a.
n.a.
n.a.
n.a.
180
2
178
439
1,402
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
380
2,988
688
-2,363
n.a.
n.a.
n.a.
454
454
-275
n.a.
n.a.
n.a.
-275
-964
n.a.
n.a.
n.a.
-1,239
n.a.
-1,239
0
454
n.a.
n.a.
n.a.
n.a.
0
0
n.a.
168
n.a.
n.a.
n.a.
n.a.
n.a.
271
0
203
203
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
38,854
n.a.
38,854
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
851
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2008
2.63
155.27
43.65
6.03
0.26
-13.56
929.08
523.57
n.a.
n.a.
0.25
0.67
0.38
0.25
1.46
3.95
2.25
1.48
67.86
0.40
0.39
-0.32
0.67
-0.60
-0.71
-1.31
-532.38
0.00
-532.38
57.26
107.03
-0.01
127.74
36.91
56.91
38.33
61.60
41.48
Portigon AG
40217 DUESSELDORF
GERMANY
Contact details
HERZOGSTRASSE 15
40217 DUESSELDORF
GERMANY
Formerly known as
Bank History :
Established on January 1, 1969 through the merger of Landesbank für Westfalen Girozentrale, Münster (founded in 1832) and Rhe
1, 2012, WestLB AG changed its name to Portigon AG.
Status
Accounting Standards
Accounts published in
Name of the Auditor
Types of accounts available
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
Date
1 02/10/2012
2 09/07/2012
3 02/07/2012
4 29/06/2012
5 19/06/2012
6 23/05/2012
7 18/05/2012
8 20/12/2011
9 20/12/2011
10 15/12/2011
11 14/12/2011
12 06/10/2011
13 04/08/2011
14 04/08/2011
15 04/03/2011
16 25/01/2011
17 10/01/2011
18 08/12/2010
19 01/12/2010
20 01/10/2010
21 28/09/2010
22 24/09/2010
23 20/09/2010
24 31/08/2010
25 04/08/2010
26 30/03/2010
27 30/03/2010
28 17/03/2010
29 10/03/2010
30 02/03/2010
31 03/12/2009
32 03/12/2009
33 13/11/2009
34 13/11/2009
35 21/10/2009
36 20/10/2009
37 30/09/2009
38 11/09/2009
39 08/09/2009
40 24/08/2009
41 14/08/2009
42 26/06/2009
43 25/06/2009
44 24/06/2009
45 28/05/2009
46 14/05/2009
47 14/05/2009
48 11/05/2009
49 09/05/2009
50 09/05/2009
Source : Zephyr
1.
2.
3.
4.
5.
6.
7.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
1.
2.
ounded in 1832) and Rheinische Girozentrale und Provinzialbank, Düsseldorf (founded in 1854). On August 30, 2002, the former Westdeutsche
Active
International Financial Reporting Standards (IFRS)
mil EUR
Ernst & Young GmbH
Cons., Uncons. & Add. Cons.
108
Phone number
Fax number
Web Site Address
WestLB AG
the former Westdeutsche Landesbank Girozentrale has been split up into three independent institutions: NRW.BANK, LBS Westdeutsche Landes
Consolidation Code
g Standards (IFRS) Nickname
Source
Release Date
Model
t Institution
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
72,055.0
72,861.0
806.0
91,498.0
23,524.0
53,159.0
14,787.0
28.0
163,553.0
371.0
3,986.0
167,910.0
74,182.0
47,294.0
22,181.0
4,707.0
85,306.0
52,097.0
1,669.0
31,540.0
3,172.0
n.a.
2,296.0
2,954.0
167,910.0
1,821.0
806.0
38,423.0
137.0
22,882.0
257.0
2,521.0
Unqualified
Original
31/12/2011
12 months
mil EUR
1,102.0
158.0
150.0
n.a.
216.0
-208.0
910.0
95.0
-218.0
37.0
85.0
-48.0
1,260.0
n.a.
13.80
8.80
6,507.0
4,259.0
149.0
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
2,667.0
2,771.0
n.a.
5,438.0
1,003.0
3,333.0
4,336.0
1,102.0
150.0
-283.0
n.a.
n.a.
216.0
75.0
158.0
460.0
450.0
910.0
n.a.
350.0
95.0
n.a.
255.0
n.a.
n.a.
440.0
222.0
n.a.
37.0
85.0
n.a.
-48.0
-27.0
n.a.
-19.0
-83.0
-177.0
n.a.
-48.0
n.a.
n.a.
n.a.
n.a.
15,360.0
52,381.0
5,120.0
806.0
72,055.0
72,861.0
1,821.0
n.a.
11,416.0
12,108.0
11,554.0
53,159.0
3,182.0
23.0
28.0
n.a.
80,054.0
n.a.
n.a.
28.0
n.a.
n.a.
163,553.0
3,345.0
n.a.
n.a.
371.0
n.a.
137.0
148.0
44.0
43.0
269.0
167,910.0
47,293.0
1.0
n.a.
47,294.0
17,311.0
4,870.0
4,707.0
74,182.0
14,603.0
2,521.0
14,159.0
31,283.0
52,097.0
1,669.0
159,231.0
-381.0
n.a.
2,296.0
419.0
44.0
18.0
n.a.
n.a.
3,072.0
164,699.0
257.0
2,069.0
1,156.0
n.a.
-238.0
-33.0
n.a.
885.0
167,910.0
323.0
323.0
3.44
2.21
3.22
2.64
0.65
0.60
0.65
12.54
72.22
0.53
44.91
0.20
27.14
32.72
0.15
229.73
0.72
0.53
-6.16
-0.03
-22.71
-0.10
n.a.
-0.10
-0.37
0.67
0.67
0.42
8.80
13.80
n.a.
0.53
n.a.
n.a.
n.a.
-5.42
-12.33
-11.30
2.50
1.11
44.26
114.69
0.12
0.19
2.50
154.06
65.95
44.14
n.a.
n.a.
5,222.0
n.a.
17,660.0
n.a.
190,792.0
48,300.0
n.a.
48,300.0
77,482.7
169,055.3
173,271.3
n.a.
164,190.7
1,015.3
779.3
45,337.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,521.0
n.a.
-48.0
n.a.
-48.0
885.0
2,069.0
n.a.
2,954.0
885.0
-381.0
0.0
0.0
137.0
44.0
0.0
0.0
323.0
-3,000.0
3,000.0
323.0
138.4
n.a.
n.a.
n.a.
n.a.
2,667.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,003.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,182.0
n.a.
n.a.
n.a.
n.a.
n.a.
23.0
n.a.
n.a.
n.a.
n.a.
n.a.
149.0
n.a.
149.0
118.0
688.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
967.0
n.a.
340.0
n.a.
n.a.
n.a.
n.a.
885.0
885.0
-238.0
-33.0
n.a.
-151.0
-422.0
n.a.
n.a.
n.a.
n.a.
-422.0
n.a.
-422.0
2,069.0
2,954.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
44.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-3,000.0
4,259.0
6,507.0
8.80
13.80
48,300.0
39,975.0
4,825.0
3,500.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
80,054.0
n.a.
80,054.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,429
n.a.
8.80
n.a.
13.80
n.a.
n.a.
n.a.
n.a.
n.a.
3,307.0
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2011
1.11
8.62
44.26
2.50
0.19
317.02
61.65
34.36
8.80
13.80
1.76
4.10
3.98
1.82
3.41
7.96
7.73
3.53
43.98
0.63
0.61
0.09
0.56
0.14
-0.17
-0.03
-1.36
n.a.
n.a.
454.17
72.22
0.20
106.06
42.91
97.13
45.98
51.80
24.52
o. 1601169056)
601166964)
1062508)
deal no. 1601008944)
Concessions (deal no. 1601104158)
108409)
1601108433)
al no. 1601121225)
(deal no. 1601125858)
. 1601027671)
947)
eal no. 1601110925)
1601090090)
58)
a Bank by Wallis (deal no. 1601122088)
601090090)
U regulated sale (deal no. 1601107184)
Cogeneration Venture Ltd Partnership (deal no. 1601062257)
nger merge (deal no. 1601028347)
01072190)
n Tokyo Stock Exchange Group (deal no. 1601077124)
n Tokyo Stock Exchange Group (deal no. 1601077128)
LBS Westdeutsche Landesbausparkasse and WestLB AG. WestLB AG is the legal successor to Westdeutsche Landesbank Girozentrale. On Octobe
C2
WESTLBIF
Annual reports
10/4/2012
ALLBANKS
Stable
IFRS IFR
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
81,239.0 95,230.
82,146.0 96,897.
907.0 1,667.
106,636.0 134,563.
37,593.0 41,407.
46,257.0 45,990.
22,783.0 47,163.
3.0 3.
187,875.0 229,793.
421.0 448.
3,227.0 12,070.
191,523.0 242,311.
98,208.0 135,634.
40,948.0 46,786.
53,172.0 80,809.
4,088.0 8,039.
85,014.0 98,151.
45,475.0 45,852.
2,482.0 3,054.
37,057.0 49,245.
2,290.0 2,795.
n.a. n.a
1,904.0 1,998.
4,107.0 3,733.
191,523.0 242,311.
1,729.0 4,091.
907.0 1,667.
58,247.0 82,080.
147.0 156.
22,882.0 n.a
1,562.0 1,851.
2,507.0 2,708.
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
1,457.0 1,868.
574.0 611.
-374.0 173.
n.a. n.a
261.0 264.
687.0 174.
1,687.0 1,415.
242.0 796.
-235.0 -771.
-133.0 -503.
107.0 28.
-240.0 -531.
2,031.0 2,479.
n.a. n.a
15.90 10.9
11.40 8.2
7,721.0 9,051.
5,528.0 6,834.
163.0 323.
IFRS IFR
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
2,985.0 4,703.
3,335.0 4,768.
n.a. n.a
6,320.0 9,471.
1,507.0 2,663.
3,356.0 4,940.
4,863.0 7,603.
1,457.0 1,868.
-374.0 173.
-88.0 -10.
n.a. n.a
n.a. n.a
261.0 264.
775.0 184.
574.0 611.
486.0 598.
1,201.0 817.
1,687.0 1,415.
n.a. n.a
344.0 1,064.
242.0 796.
n.a. n.a
102.0 268.
n.a. n.a
n.a. n.a
238.0 463.
3.0 -244.
n.a. -64.
-133.0 -503.
107.0 28.
n.a. n.a
-240.0 -531.
109.0 261.
n.a. n.a
-14.0 -32.
-71.0 10.
-216.0 -292.
n.a. n.a
-240.0 -531.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
22,024.0 5,193.
53,689.0 87,885.
6,433.0 3,819.
907.0 1,667.
81,239.0 95,230.
82,146.0 96,897.
1,729.0 4,091.
n.a. n.a
11,632.0 10,376.
25,961.0 31,031.
18,435.0 38,625.
46,257.0 45,990.
4,166.0 8,195.
129.0 288.
53.0 55.
n.a. n.a
95,001.0 124,184.
n.a. 13,120.
n.a. n.a
3.0 3.
n.a. n.a
n.a. n.a
187,875.0 229,793.
2,219.0 2,048.
n.a. n.a
n.a. n.a
421.0 448.
0.0 0.
147.0 156.
437.0 334.
75.0 185.
11.0 n.a
338.0 9,347.
191,523.0 242,311.
40,946.0 46,780.
2.0 6.
n.a. n.a
40,948.0 46,786.
24,209.0 44,430.
28,963.0 36,379.
4,088.0 8,039.
98,208.0 135,634.
17,299.0 23,600.
2,507.0 2,708.
15,689.0 21,086.
35,495.0 47,394.
45,475.0 45,852.
2,482.0 3,054.
181,660.0 231,934.
-159.0 -156.
n.a. n.a
1,904.0 1,998.
459.0 416.
14.0 2.
n.a. 25.
n.a. n.a
n.a. n.a
1,976.0 2,508.
185,854.0 236,727.
1,562.0 1,851.
3,441.0 1,113.
891.0 3,019.
n.a. n.a
-211.0 -320.
-14.0 -79.
n.a. n.a
666.0 2,620.
191,523.0 242,311.
352.0 2,253.
793.0 3,366.
3.64 4.4
3.74 6.0
2.98 3.7
2.29 3.0
0.69 0.7
0.57 0.4
0.69 0.7
28.26 24.6
83.06 57.0
0.74 0.5
23.74 31.5
0.15 0.4
70.35 74.8
7.04 7.9
0.04 0.1
-80.45 -5.5
0.71 1.2
0.21 0.3
-16.57 -15.7
-0.10 -0.2
-14.91 -8.6
-0.09 -0.1
n.a. n.a
-0.49 -0.6
-0.44 -0.3
0.73 2.7
1.63 4.0
0.27 1.0
11.40 8.2
15.90 10.9
n.a. n.a
0.35 1.0
n.a. n.a
n.a. n.a
n.a. n.a
-36.04 -20.2
-20.96 -15.9
-15.22 -13.6
2.10 4.2
1.10 1.7
52.46 40.7
123.42 92.5
0.30 0.7
0.20 0.3
2.10 4.2
200.61 207.1
48.05 23.3
30.07 25.1
n.a. n.a
n.a. n.a
5,222.0 n.a
n.a. n.a
17,660.0 n.a
n.a. n.a
214,405.0 242,311.
48,550.0 83,023.
n.a. n.a
48,550.0 83,023.
81,987.8 106,816.
212,012.0 254,671.
228,820.6 263,367.
n.a. n.a
212,126.2 253,357.
1,758.4 3,909.
1,448.8 3,375.
40,280.4 44,289.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,507.0 2,708.
n.a. n.a
-240.0 -531.
n.a. n.a
-240.0 -531.
666.0 2,620.
3,441.0 1,113.
n.a. n.a
4,107.0 3,733.
666.0 2,620.
-159.0 -156.
0.0 0.
0.0 0.
147.0 156.
8.0 55.
0.0 0.
0.0 0.
352.0 2,253.
-2,559.0 441.
3,000.0 672.
793.0 3,366.
150.9 965.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,985.0 4,703.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,507.0 2,663.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
4,166.0 8,195.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
129.0 288.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
181.0 342.
18.0 19.
163.0 323.
182.0 174.
725.0 1,424.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
967.0 2,270.
n.a. n.a
-105.0 -513.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
666.0 2,620.
666.0 2,620.
-211.0 -320.
-14.0 -79.
n.a. n.a
-68.0 3.
-293.0 -396.
n.a. n.a
n.a. n.a
n.a. n.a
29.0 1,259.
-264.0 863.
n.a. n.a
-264.0 863.
3,441.0 1,113.
4,107.0 3,733.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
8.0 55.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
441.0 1,113.
441.0 1,113.
-2,559.0 441.
5,528.0 6,834.
7,721.0 9,051.
11.40 8.2
15.90 10.9
48,550.0 83,023.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
95,001.0 124,184.
n.a. n.a
95,001.0 124,184.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
4,712 5,21
n.a. n.a
11.40 8.2
n.a. n.a
15.90 10.9
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,009.0 2,039.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Unqualifie
31/12/2010 31/12/200
1.10 1.7
16.61 42.6
52.46 40.7
2.11 4.2
0.18 0.3
n.s. 121.8
42.10 109.5
20.02 64.9
11.40 8.2
15.90 10.9
2.14 1.5
5.06 3.9
4.18 2.7
2.24 1.6
4.27 3.4
10.06 8.7
8.33 6.1
4.46 3.5
30.66 32.6
0.70 0.7
0.67 0.7
0.27 0.2
0.89 0.8
0.05 0.1
-0.16 -0.3
-0.11 -0.2
-6.12 -14.0
n.a. n.a
n.a. n.a
97.92 145.2
83.06 57.0
0.16 0.4
70.70 51.2
42.42 39.3
82.72 70.2
45.35 41.5
59.31 60.5
32.51 35.8
Body
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
ExeB
ExeB
ExeB
ExeB
Dept
MarkAdv
IT&IS
k Girozentrale. On October 1, 2003 absorbed WestLB (France) S.A.. In 2009, WestLB AG absorbed WestLB Securities Pacific Limited and WestL
utlook Watch
able
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
95,230.0 111,014.0
96,897.0 112,233.0
1,667.0 1,219.0
134,563.0 169,054.0
41,407.0 41,727.0
45,990.0 1,549.0
47,163.0 125,770.0
3.0 8.0
229,793.0 280,068.0
448.0 480.0
12,070.0 7,574.0
242,311.0 288,122.0
135,634.0 120,869.0
46,786.0 29,722.0
80,809.0 77,074.0
8,039.0 14,073.0
98,151.0 159,397.0
45,852.0 66,278.0
3,054.0 65,619.0
49,245.0 27,500.0
2,795.0 2,406.0
n.a. n.a.
1,998.0 1,629.0
3,733.0 3,821.0
242,311.0 288,122.0
4,091.0 n.a.
1,667.0 1,219.0
82,080.0 158,300.0
156.0 155.0
n.a. n.a.
1,851.0 2,466.0
2,708.0 3,870.0
Unqualified Unqualified
Original Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
1,868.0 1,216.0
611.0 854.0
173.0 47.0
n.a. n.a.
264.0 341.0
174.0 466.0
1,415.0 1,424.0
796.0 479.0
-771.0 -141.0
-503.0 26.0
28.0 8.0
-531.0 18.0
2,479.0 2,070.0
n.a. n.a.
10.90 10.10
8.20 6.40
9,051.0 8,930.0
6,834.0 5,667.0
323.0 251.0
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
4,703.0 5,911.0
4,768.0 5,120.0
n.a. 0.0
9,471.0 11,031.0
2,663.0 3,225.0
4,940.0 6,590.0
7,603.0 9,815.0
1,868.0 1,216.0
173.0 47.0
-10.0 -19.0
n.a. n.a.
n.a. n.a.
264.0 341.0
184.0 485.0
611.0 854.0
598.0 645.0
817.0 779.0
1,415.0 1,424.0
n.a. n.a.
1,064.0 646.0
796.0 479.0
n.a. n.a.
268.0 167.0
n.a. n.a.
n.a. n.a.
463.0 141.0
-244.0 n.a.
-64.0 n.a.
-503.0 26.0
28.0 8.0
n.a. n.a.
-531.0 18.0
261.0 -447.0
n.a. n.a.
-32.0 -112.0
10.0 26.0
-292.0 -515.0
n.a. n.a.
-531.0 18.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,193.0 6,195.0
87,885.0 102,496.0
3,819.0 3,542.0
1,667.0 1,219.0
95,230.0 111,014.0
96,897.0 112,233.0
4,091.0 n.a.
n.a. n.a.
10,376.0 11,768.0
31,031.0 29,959.0
38,625.0 114,448.0
45,990.0 1,549.0
8,195.0 10,310.0
288.0 944.0
55.0 68.0
n.a. n.a.
124,184.0 157,278.0
13,120.0 12,866.0
n.a. n.a.
3.0 8.0
n.a. n.a.
n.a. n.a.
229,793.0 280,068.0
2,048.0 2,125.0
n.a. n.a.
n.a. n.a.
448.0 480.0
0.0 9.0
156.0 146.0
334.0 286.0
185.0 185.0
n.a. n.a.
9,347.0 4,823.0
242,311.0 288,122.0
46,780.0 29,696.0
6.0 26.0
n.a. n.a.
46,786.0 29,722.0
44,430.0 35,619.0
36,379.0 41,455.0
8,039.0 14,073.0
135,634.0 120,869.0
23,600.0 21,164.0
2,708.0 3,870.0
21,086.0 n.a.
47,394.0 25,034.0
45,852.0 66,278.0
3,054.0 65,619.0
231,934.0 277,800.0
-156.0 -400.0
n.a. n.a.
1,998.0 1,629.0
416.0 475.0
2.0 3.0
25.0 32.0
n.a. n.a.
n.a. n.a.
2,508.0 2,296.0
236,727.0 281,835.0
1,851.0 2,466.0
1,113.0 469.0
3,019.0 3,980.0
n.a. n.a.
-320.0 -581.0
-79.0 -47.0
n.a. n.a.
2,620.0 3,352.0
242,311.0 288,122.0
2,253.0 2,693.0
3,366.0 3,162.0
4.40 5.98
6.01 6.78
3.72 4.00
3.00 3.63
0.73 0.44
0.42 0.27
0.73 0.44
24.65 41.26
57.08 68.79
0.54 0.51
31.52 15.56
0.40 0.23
74.81 74.15
7.94 4.02
0.10 0.06
-5.57 30.77
1.28 0.73
0.32 0.19
-15.73 0.43
-0.20 0.01
-8.65 -12.40
-0.11 -0.18
n.a. n.a.
-0.64 0.02
-0.35 -0.58
2.71 3.04
4.05 3.57
1.00 1.07
8.20 6.40
10.90 10.10
n.a. n.a.
1.08 1.16
n.a. n.a.
n.a. n.a.
n.a. n.a.
-20.27 0.54
-15.90 0.55
-13.66 38.13
4.22 n.a.
1.72 1.09
40.75 n.a.
92.52 n.a.
0.75 0.48
0.30 0.25
4.22 n.a.
207.11 377.61
23.35 33.04
25.14 14.05
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
242,311.0 288,122.0
83,023.0 88,513.0
n.a. n.a.
83,023.0 88,513.0
106,816.4 98,799.6
254,671.4 275,769.8
263,367.8 280,123.4
n.a. n.a.
253,357.6 270,327.0
3,909.2 4,323.0
3,375.2 4,151.6
44,289.8 47,533.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,708.0 3,870.0
n.a. n.a.
-531.0 18.0
n.a. n.a.
-531.0 18.0
2,620.0 3,352.0
1,113.0 469.0
n.a. n.a.
3,733.0 3,821.0
2,620.0 3,352.0
-156.0 -400.0
0.0 0.0
0.0 9.0
156.0 146.0
55.0 104.0
0.0 0.0
0.0 0.0
2,253.0 2,693.0
441.0 469.0
672.0 0.0
3,366.0 3,162.0
965.6 1,154.1
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
4,703.0 5,911.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,663.0 3,225.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 10,216.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 1,137.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 8,868.0
n.a. 20,221.0
n.a. 7,246.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 167.0
n.a. 2,897.0
8,195.0 10,310.0
n.a. 944.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
288.0 944.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 13,069.0
342.0 299.0
19.0 48.0
323.0 251.0
174.0 158.0
1,424.0 1,004.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,270.0 2,270.0
n.a. n.a.
-513.0 -314.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,620.0 3,352.0
2,620.0 3,352.0
-320.0 -581.0
-79.0 -47.0
n.a. n.a.
3.0 -7.0
-396.0 -635.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,259.0 2,031.0
863.0 1,396.0
n.a. n.a.
863.0 1,396.0
1,113.0 469.0
3,733.0 3,821.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
55.0 104.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,113.0 469.0
1,113.0 469.0
441.0 469.0
6,834.0 5,667.0
9,051.0 8,930.0
8.20 6.40
10.90 10.10
83,023.0 88,513.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
124,184.0 157,278.0
n.a. n.a.
124,184.0 157,278.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,214 5,957
n.a. n.a.
8.20 6.40
n.a. n.a.
10.90 10.10
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,039.0 2,100.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
31/12/2009 31/12/2008
1.72 1.09
42.61 39.39
40.75 n.a.
4.22 n.a.
0.31 0.26
121.89 50.50
109.59 n.a.
64.93 n.a.
8.20 6.40
10.90 10.10
1.54 1.33
3.92 3.44
2.75 3.16
1.60 1.38
3.42 3.53
8.71 9.15
6.11 8.40
3.54 3.65
32.66 38.10
0.73 0.43
0.70 0.42
0.23 0.30
0.83 0.66
0.10 0.06
-0.30 -0.05
-0.20 0.01
-14.06 0.44
n.a. n.a.
n.a. n.a.
145.20 -783.33
57.08 68.79
0.40 0.23
51.24 54.14
39.30 38.53
70.21 91.85
41.54 40.53
60.52 130.97
35.81 57.79
Source
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC
VC, VI
VC
VC
VC
Source
VC
VC
Pacific Limited and WestLB Asia Pacific Limited. On July
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
80,269.0 64,991.0
81,253.0 65,819.0
984.0 828.0
201,663.0 215,938.0
53,845.0 76,655.0
36,812.0 35,581.0
111,000.0 103,572.0
6.0 130.0
281,932.0 280,929.0
502.0 486.0
4,118.0 3,872.0
286,552.0 285,287.0
178,173.0 158,098.0
48,816.0 46,842.0
109,775.0 89,023.0
19,582.0 22,233.0
99,428.0 73,351.0
35,571.0 34,627.0
14,022.0 12,051.0
49,835.0 26,673.0
2,702.0 44,917.0
n.a. n.a.
1,820.0 2,165.0
4,429.0 6,756.0
286,552.0 285,287.0
n.a. n.a.
984.0 828.0
113,149.0 130,013.0
145.0 121.0
n.a. n.a.
869.0 n.a.
5,972.0 7,302.0
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
1,090.0 1,012.0
-1,189.0 1,163.0
-1,616.0 561.0
n.a. n.a.
406.0 325.0
21.0 277.0
1,663.0 2,038.0
238.0 -202.0
498.0 667.0
-1,502.0 1,006.0
99.0 207.0
-1,601.0 799.0
-99.0 2,175.0
n.a. n.a.
8.60 12.10
5.60 8.10
8,937.0 11,575.0
5,503.0 7,245.0
-7.0 n.a.
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
4,267.0 4,548.0
5,987.0 4,150.0
n.a. n.a.
10,254.0 8,698.0
3,426.0 4,850.0
5,738.0 2,836.0
9,164.0 7,686.0
1,090.0 1,012.0
-1,616.0 561.0
-185.0 0.0
n.a. n.a.
n.a. n.a.
406.0 325.0
206.0 277.0
-1,189.0 1,163.0
823.0 1,031.0
840.0 1,007.0
1,663.0 2,038.0
n.a. n.a.
-1,762.0 137.0
238.0 -202.0
n.a. n.a.
-2,000.0 339.0
n.a. n.a.
-7.0 82.0
-34.0 193.0
n.a. n.a.
471.0 778.0
-1,502.0 1,006.0
99.0 207.0
n.a. n.a.
-1,601.0 799.0
-795.0 27.0
n.a. n.a.
15.0 -15.0
-130.0 251.0
-2,511.0 1,062.0
0.0 -1.0
-1,601.0 800.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
7,564.0 6,827.0
67,636.0 53,550.0
6,053.0 5,442.0
984.0 828.0
80,269.0 64,991.0
81,253.0 65,819.0
n.a. n.a.
n.a. n.a.
11,306.0 76,655.0
42,539.0 n.a.
57,516.0 52,380.0
36,812.0 35,581.0
21,796.0 51,073.0
14.0 19.0
97.0 100.0
31,577.0 n.a.
190,351.0 139,153.0
17,260.0 23,184.0
n.a. n.a.
6.0 4.0
n.a. n.a.
0.0 126.0
281,932.0 280,929.0
1,788.0 978.0
n.a. n.a.
n.a. n.a.
502.0 486.0
9.0 0.0
136.0 121.0
1,091.0 1,271.0
212.0 219.0
n.a. n.a.
882.0 1,283.0
286,552.0 285,287.0
48,816.0 46,842.0
n.a. n.a.
n.a. n.a.
48,816.0 46,842.0
109,775.0 89,023.0
n.a. n.a.
19,582.0 22,233.0
178,173.0 158,098.0
42,994.0 19,371.0
5,972.0 7,302.0
n.a. n.a.
48,966.0 26,673.0
35,571.0 34,627.0
14,022.0 12,051.0
276,732.0 231,449.0
n.a. 41,772.0
n.a. n.a.
1,820.0 2,165.0
489.0 400.0
45.0 59.0
81.0 221.0
n.a. 1.0
n.a. n.a.
2,087.0 2,464.0
281,254.0 278,531.0
869.0 n.a.
666.0 583.0
3,865.0 5,354.0
0.0 11.0
-134.0 661.0
n.a. n.a.
32.0 147.0
3,763.0 6,173.0
286,552.0 285,287.0
n.a. n.a.
n.a. n.a.
6.07 7.62
9.55 12.24
3.63 3.03
4.05 3.24
0.39 0.35
0.30 0.42
0.39 0.35
n.s. 53.47
n.s. 93.70
0.58 0.70
-32.39 2.40
-0.61 0.05
-13.51 -147.45
-36.77 5.94
-0.70 0.12
-6.59 20.58
-1.69 0.14
-1.92 0.35
-29.43 14.01
-0.56 0.27
-46.16 18.62
-0.87 0.36
n.a. n.a.
-1.54 0.83
-2.41 1.11
n.a. n.a.
n.a. n.a.
1.15 2.05
5.60 8.10
8.60 12.10
n.a. n.a.
1.31 2.16
n.a. n.a.
n.a. n.a.
n.a. n.a.
-42.55 12.94
0.44 -3.11
23.45 14.76
n.a. n.a.
1.21 1.26
n.a. n.a.
n.a. n.a.
0.34 -0.34
-0.01 n.a.
n.a. n.a.
166.45 140.51
10.30 86.11
20.24 23.80
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
286,552.0 285,287.0
104,296.0 95,872.0
n.a. n.a.
104,296.0 95,872.0
70,275.8 59,659.3
282,789.2 286,917.7
287,213.6 291,389.0
n.a. n.a.
226,285.4 237,249.7
5,035.8 5,064.7
5,439.4 5,703.0
35,883.0 39,610.0
19,599.0 17,677.0
8,225.0 5,055.0
26,457.0 23,725.0
26,972.0 19,362.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
7,705.0 12,375.0
1,214.0 1,451.0
2,118.0 2,703.0
414.0 639.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
11,931.0 31,340.0
871.0 2,217.0
12,049.0 13,285.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,972.0 7,302.0
n.a. n.a.
-1,601.0 799.0
n.a. n.a.
n.a. n.a.
3,763.0 6,173.0
666.0 583.0
n.a. n.a.
n.a. n.a.
3,763.0 6,173.0
n.a. 41,772.0
0.0 n.a.
9.0 0.0
136.0 121.0
336.0 219.0
0.0 n.a.
0.0 n.a.
n.a. n.a.
666.0 583.0
0.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
4,267.0 4,548.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,426.0 4,850.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
30,248.0 26,095.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,902.0 4,763.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
23,683.0 21,430.0
56,833.0 52,288.0
28,992.0 20,952.0
12,106.0 16,316.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
649.0 2,867.0
11,626.0 10,938.0
21,796.0 51,073.0
14.0 19.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
14.0 19.0
12,106.0 16,316.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
38,860.0 39,998.0
7.0 n.a.
14.0 n.a.
-7.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,243.0 2,210.0
1,861.0 2,605.0
-239.0 539.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.0 11.0
3,763.0 6,162.0
3,763.0 5,354.0
-134.0 661.0
n.a. n.a.
n.a. n.a.
-33.0 97.0
-167.0 758.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
-167.0 758.0
n.a. n.a.
-167.0 758.0
666.0 583.0
4,429.0 6,756.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
336.0 219.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
666.0 583.0
666.0 583.0
666.0 583.0
5,503.0 7,245.0
8,937.0 11,575.0
5.60 8.10
8.60 12.10
104,296.0 95,872.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
190,351.0 139,153.0
n.a. n.a.
190,351.0 139,153.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
6,147 5,862
n.a. n.a.
5.60 8.10
n.a. n.a.
8.60 12.10
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,778.0 970.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
31/12/2007 31/12/2006
1.21 1.26
21.84 -19.96
n.a. n.a.
n.a. n.a.
-0.01 n.a.
0.51 n.a.
n.a. n.a.
n.a. n.a.
5.60 8.10
8.60 12.10
1.55 2.37
5.52 10.40
2.49 4.27
1.61 2.49
3.93 4.93
14.04 21.63
6.33 8.89
4.09 5.18
52.99 51.94
0.39 0.36
0.38 0.35
-0.42 0.40
0.67 0.63
-0.70 0.12
0.14 0.16
-0.56 0.28
-28.63 12.57
n.a. n.a.
n.a. n.a.
-31.11 83.48
n.a. 93.70
-0.62 0.05
49.05 86.11
28.01 22.78
45.05 41.11
29.65 29.00
63.51 82.24
41.79 58.00
IFRS
Unqualified
Original
31/12/2005
12 months
mil EUR
55,803.0
57,356.0
1,553.0
234,109.0
18,752.0
49,954.0
164,592.0
811.0
289,912.0
574.0
3,954.0
294,440.0
104,514.0
35,994.0
48,200.0
20,320.0
135,636.0
50,615.0
55,914.0
29,107.0
45,477.0
n.a.
2,853.0
5,960.0
294,440.0
n.a.
1,553.0
130,770.0
154.0
n.a.
n.a.
7,790.0
Unqualified
Original
31/12/2005
12 months
mil EUR
1,331.0
1,032.0
318.0
n.a.
318.0
396.0
2,137.0
-75.0
574.0
875.0
169.0
706.0
2,363.0
n.a.
14.20
8.30
12,184.0
6,701.0
n.a.
IFRS
Unqualified
Original
31/12/2005
12 months
mil EUR
3,495.0
3,728.0
n.a.
7,223.0
3,095.0
2,797.0
5,892.0
1,331.0
318.0
0.0
n.a.
n.a.
318.0
396.0
1,032.0
872.0
1,265.0
2,137.0
n.a.
226.0
-75.0
n.a.
301.0
n.a.
n.a.
0.0
n.a.
574.0
875.0
169.0
n.a.
706.0
634.0
n.a.
65.0
-154.0
1,251.0
-9.0
715.0
n.a.
n.a.
n.a.
n.a.
5,571.0
46,039.0
5,746.0
1,553.0
55,803.0
57,356.0
n.a.
n.a.
18,752.0
n.a.
110,344.0
49,954.0
53,846.0
123.0
279.0
n.a.
214,546.0
16,289.0
n.a.
32.0
n.a.
779.0
289,912.0
1,674.0
n.a.
n.a.
574.0
0.0
154.0
893.0
234.0
n.a.
999.0
294,440.0
35,971.0
23.0
n.a.
35,994.0
48,200.0
n.a.
20,320.0
104,514.0
21,317.0
7,790.0
n.a.
29,107.0
50,615.0
55,914.0
240,150.0
43,640.0
n.a.
2,853.0
n.a.
327.0
n.a.
n.a.
n.a.
1,510.0
288,480.0
n.a.
492.0
4,920.0
3.0
634.0
n.a.
-89.0
5,468.0
294,440.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
43.67
90.44
n.a.
n.a.
n.a.
-33.19
n.a.
n.a.
19.31
0.26
0.35
n.a.
n.a.
n.a.
n.a.
n.a.
0.82
1.46
n.a.
n.a.
1.75
8.30
14.20
n.a.
1.86
n.a.
n.a.
n.a.
12.91
n.a.
n.a.
n.a.
2.71
n.a.
n.a.
n.a.
n.a.
n.a.
159.35
38.90
18.99
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
294,440.0
85,613.0
n.a.
85,613.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
12,677.0
5,974.0
20,012.0
18,693.0
n.a.
n.a.
n.a.
n.a.
14,630.0
2,386.0
2,709.0
698.0
n.a.
n.a.
n.a.
n.a.
20,021.0
1,896.0
14,077.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
7,790.0
n.a.
706.0
n.a.
n.a.
5,468.0
492.0
n.a.
n.a.
5,468.0
43,640.0
n.a.
0.0
154.0
172.0
n.a.
n.a.
n.a.
492.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,495.0
n.a.
n.a.
n.a.
n.a.
n.a.
3,095.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
27,814.0
n.a.
n.a.
n.a.
n.a.
5,331.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
77,130.0
110,275.0
23,547.0
16,220.0
n.a.
n.a.
n.a.
2,680.0
11,399.0
53,846.0
123.0
n.a.
n.a.
n.a.
n.a.
123.0
16,220.0
n.a.
n.a.
n.a.
96,540.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,427.0
2,388.0
105.0
n.a.
n.a.
n.a.
3.0
5,465.0
4,920.0
634.0
n.a.
n.a.
-154.0
480.0
n.a.
n.a.
n.a.
n.a.
480.0
n.a.
480.0
492.0
5,960.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
172.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
492.0
492.0
492.0
6,701.0
12,184.0
8.30
14.20
85,613.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
214,546.0
n.a.
214,546.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,700
n.a.
8.30
n.a.
14.20
n.a.
n.a.
n.a.
n.a.
n.a.
1,666.0
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2005
2.71
-5.64
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
8.30
14.20
2.02
10.68
5.70
2.12
4.67
24.64
13.16
4.90
56.66
0.46
0.45
0.35
0.70
0.10
0.14
0.24
11.85
n.a.
n.a.
81.30
90.44
0.08
38.91
18.95
53.39
24.02
125.12
56.28
HSH Nordbank AG
Contact details
Bank History :
Established on June 2, 2003, following the merger between Hamburgische Landesbank - Girozentrale and Landesbank
Schleswig-Holstein Girozentrale - LB Kiel. In August 2006, HSH Nordbank AG absorbed HSH Nordbank Hypo AG.
Peer Group
Specialised Gov. Credit Institutions Europe (Excl. Eastern
Peer Group Name
Europe)
Size 114
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 87,192.0 96,809.0 106,209.0 115,269.0
Gross Loans 90,607.0 101,208.0 110,557.0 117,610.0
Less: Reserves for Impaired Loans/ NPLs 3,415.0 4,399.0 4,348.0 2,341.0
Other Earning Assets 44,832.0 50,348.0 64,035.0 89,615.0
Loans and Advances to Banks 7,848.0 11,894.0 15,171.0 22,930.0
Derivatives 2,476.0 2,070.0 1,979.0 3,234.0
Other Securities 34,410.0 36,370.0 46,569.0 63,166.0
Remaining earning assets 98.0 14.0 316.0 285.0
Total Earning Assets 132,024.0 147,157.0 170,244.0 204,884.0
Fixed Assets 240.0 140.0 101.0 114.0
Non-Earning Assets 3,642.0 3,648.0 4,139.0 3,372.0
Total Assets 135,906.0 150,945.0 174,484.0 208,370.0
Notes
Impaired Loans (Memo) 13,681.0 14,009.0 10,209.0 4,871.0
Loan Loss Reserves (Memo) 3,415.0 4,399.0 4,348.0 2,341.0
Liquid Assets (Memo) 21,695.0 24,586.0 33,346.0 51,004.0
Intangibles (Memo) 88.0 108.0 197.0 246.0
Off Balance Sheet Items 9,508.0 12,796.0 18,443.0 29,426.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Restated Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 1,350.0 1,502.0 2,121.0 2,051.0
Other Operating Income -241.0 -154.0 435.0 -2,391.0
Net Gains (Losses) on Trading and Derivatives -107.0 -218.0 713.0 -1,473.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Fees and Commissions -263.0 -301.0 -272.0 270.0
Remaining Operating Income 129.0 365.0 -6.0 -1,188.0
Overheads 905.0 1,019.0 900.0 899.0
Loan Loss Provisions -389.0 317.0 2,794.0 1,888.0
Other -797.0 61.0 -123.0 159.0
Profit before Tax -204.0 73.0 -1,261.0 -2,968.0
Tax 59.0 -31.0 -423.0 227.0
Net Income -263.0 104.0 -838.0 -3,195.0
Operating Income (Memo) 1,170.0 1,344.0 2,556.0 -340.0
Net Gains (Losses) on Trading and Derivatives -107.0 -218.0 713.0 -1,473.0
Net Gains (Losses) on Other Securities 90.0 215.0 -106.0 -1,022.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions -263.0 -301.0 -272.0 270.0
Other Operating Income 100.0 146.0 100.0 -166.0
Total Non-Interest Operating Income -180.0 -158.0 435.0 -2,391.0
Personnel Expenses 409.0 410.0 388.0 412.0
Other Operating Expenses 496.0 609.0 512.0 487.0
Total Non-Interest Expenses 905.0 1,019.0 900.0 899.0
Memo: Net Income after Allocation to Non- -263.0 53.0 -829.0 -3,160.0
controlling Interests
Memo: Common Dividends Relating to the Period n.a. n.a. 0.0 0.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans 1,583.0 2,014.0 2,581.0 3,086.0
Corporate & Commercial Loans 82,412.0 91,702.0 98,167.0 103,939.0
Other Loans 6,612.0 7,492.0 9,809.0 10,585.0
Less: Reserves for Impaired Loans/ NPLs 3,415.0 4,399.0 4,348.0 2,341.0
Net Loans 87,192.0 96,809.0 106,209.0 115,269.0
Gross Loans 90,607.0 101,208.0 110,557.0 117,610.0
Memo: Impaired Loans included above 13,681.0 14,009.0 10,209.0 4,871.0
Memo: Loans at Fair Value included above 1,206.0 1,156.0 1,165.0 1,264.0
Other Earning Assets
Loans and Advances to Banks 7,848.0 11,894.0 15,171.0 22,930.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 11,981.0 11,282.0 16,879.0 26,655.0
Derivatives 2,476.0 2,070.0 1,979.0 3,234.0
Available for Sale Securities 7,556.0 7,804.0 9,648.0 19,933.0
Held to Maturity Securities n.a. 0.0 0.0 0.0
At-equity Investments in Associates 311.0 1,105.0 1,110.0 1,100.0
Other Securities 14,562.0 16,179.0 18,932.0 15,478.0
Total Securities 36,886.0 38,440.0 48,548.0 66,400.0
Memo: Government Securities included Above n.a. n.a. n.a. n.a.
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 98.0 14.0 316.0 285.0
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. n.a. n.a. n.a.
Total Earning Assets 132,024.0 147,157.0 170,244.0 204,884.0
Non-earning Assets
Cash and Due From Banks 1,866.0 1,410.0 1,296.0 1,419.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 240.0 140.0 101.0 114.0
Goodwill n.a. 0.0 76.0 135.0
Other Intangibles 88.0 108.0 121.0 111.0
Current Tax Assets 226.0 272.0 518.0 572.0
Deferred Tax Assets 1,156.0 1,269.0 1,204.0 726.0
Discontinued Operations 122.0 404.0 586.0 0.0
Other Assets 184.0 185.0 338.0 409.0
Total Assets 135,906.0 150,945.0 174,484.0 208,370.0
Interest-bearing Liabilities
Customer Deposits - Current 7,693.0 8,400.0 10,374.0 9,102.0
Customer Deposits - Savings 63.0 70.0 82.0 90.0
Customer Deposits - Term 32,483.0 33,762.0 39,347.0 43,277.0
Total Customer Deposits 40,239.0 42,232.0 49,803.0 52,469.0
Deposits from Banks 24,685.0 34,414.0 38,591.0 61,498.0
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 13,636.0 9,644.0 205.0 3,863.0
Total Deposits, Money Market and Short-term 78,560.0 86,290.0 88,599.0 117,830.0
Funding
Senior Debt Maturing after 1 Year 25,745.0 35,082.0 52,916.0 54,337.0
Subordinated Borrowing 5,175.0 5,222.0 5,375.0 5,518.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 30,920.0 40,304.0 58,291.0 59,855.0
Derivatives 2,034.0 1,343.0 1,602.0 3,353.0
Trading Liabilities 13,185.0 11,772.0 14,991.0 18,121.0
Total Funding 124,699.0 139,709.0 163,483.0 199,159.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt -285.0 -360.0 -342.0 -342.0
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 1,593.0 1,347.0 1,619.0 1,412.0
Current Tax Liabilities 28.0 15.0 78.0 101.0
Deferred Tax Liabilities 13.0 81.0 93.0 24.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 1,900.0 1,562.0 1,602.0 1,795.0
Total Liabilities 127,948.0 142,354.0 166,533.0 202,149.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 3,133.0 3,497.0 3,509.0 4,216.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. n.a. n.a.
Equity
Equity
Common Equity 5,098.0 5,384.0 4,842.0 2,607.0
Non-controlling Interest -6.0 -3.0 31.0 45.0
Securities Revaluation Reserves -210.0 -227.0 -341.0 -562.0
Foreign Exchange Revaluation Reserves -57.0 -60.0 -90.0 -85.0
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. n.a.
OCI
Total Equity 4,825.0 5,094.0 4,442.0 2,005.0
Total Liabilities and Equity 135,906.0 150,945.0 174,484.0 208,370.0
Memo: Fitch Core Capital 4,025.0 4,276.0 3,771.0 1,337.0
Memo: Fitch Eligible Capital 4,025.0 5,138.0 5,387.1 1,910.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.13 3.25 4.01 6.69
Interest Expense on Customer Deposits/ Average 2.77 2.78 3.38 5.17
Customer Deposits%
Interest Income/ Average Earning Assets% 8.63 8.80 11.01 16.43
Interest Expense/ Average Interest-bearing 8.06 8.23 10.26 15.99
Liabilities%
Net Interest Income/ Average Earning Assets% 1.00 0.92 1.11 1.02
Net Int. Inc Less Loan Impairment Charges/ Av. 1.29 0.73 -0.35 0.08
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.00 0.92 1.11 1.02
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% -15.38 -11.76 17.02 703.24
Non-Interest Expense/ Gross Revenues% 77.35 75.82 35.21 -264.41
Non-Interest Expense/ Average Assets% 0.65 0.61 0.46 0.44
Pre-impairment Op. Profit/ Average Equity% 4.02 7.44 48.28 -32.21
Pre-impairment Op. Profit/ Average Total Assets% 0.15 0.20 0.85 -0.60
Loans and securities impairment charges/ Pre- -190.69 96.35 168.72 -152.38
impairment Op. Profit%
Operating Profit/ Average Equity% 11.67 0.27 -33.18 -81.30
Operating Profit/ Average Total Assets% 0.43 0.01 -0.58 -1.52
Taxes/ Pre-tax Profit% -28.92 -42.47 33.54 -7.65
Pre-Impairment Operating Profit / Risk Weighted 0.44 0.79 1.83 -1.12
Assets%
Operating Profit / Risk Weighted Assets% 1.29 0.03 -1.26 -2.82
Other Profitability Ratios
Net Income/ Average Total Equity% -5.18 2.35 -24.43 -83.07
Net Income/ Average Total Assets% -0.19 0.06 -0.43 -1.56
Fitch Comprehensive Income/ Average Total Equity -4.78 5.99 -19.48 -90.84
%
Fitch Comprehensive Income/ Average Total Assets -0.17 0.16 -0.34 -1.70
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -0.57 0.25 -0.93 -2.88
Fitch Comprehensive Income/ Risk Weighted Assets -0.53 0.64 -0.74 -3.15
%
Capitalization
Fitch Core Capital/Weighted Risks% 8.77 10.33 4.17 1.20
Fitch Eligible Capital/ Weighted Risks% 8.77 12.41 5.95 1.72
Tangible Common Equity/ Tangible Assets% 3.18 3.08 2.36 0.81
Tier 1 Regulatory Capital Ratio% 13.80 15.20 9.50 7.50
Total Regulatory Capital Ratio% 21.30 22.70 14.50 11.60
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% 3.55 3.37 2.55 0.96
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. 0.00 0.00
Cash Dividend Paid & Declared/ Fitch Comprehensive n.a. n.a. 0.00 0.00
Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -5.45 2.04 -18.87 -159.35
Loan Quality
Growth of Total Assets% -9.96 -13.49 -16.26 1.71
Growth of Gross Loans% -10.47 -8.46 -6.00 11.51
Impaired Loans(NPLs)/ Gross Loans% 15.10 13.84 9.23 4.14
Reserves for Impaired Loans/ Gross loans% 3.77 4.35 3.93 1.99
Reserves for Impaired Loans/ Impaired Loans% 24.96 31.40 42.59 48.06
Impaired Loans less Reserves for Imp Loans/ Equity 212.77 188.65 131.95 126.18
%
Loan Impairment Charges/ Average Gross Loans% -0.41 0.29 2.42 1.71
Net Charge-offs/ Average Gross Loans% -0.06 0.10 0.04 -0.02
Impaired Loans + Foreclosed Assets/ Gross Loans + 15.10 13.84 9.23 4.14
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 225.17 239.65 221.99 224.15
Interbank Assets/ Interbank Liabilities% 31.79 34.56 39.31 37.29
Customer Deposits/ Total Funding excl Derivatives% 32.80 30.52 30.77 26.80
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer 1,380.0 1,303.0 3,033.0 7,275.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities 10.0 15.0 36.0 125.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other 10,591.0 9,964.0 13,810.0 19,402.0
Total Trading Assets at FV through the Income 11,981.0 11,282.0 16,879.0 26,802.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government 839.0 913.0 1,077.0 2,416.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 7,556.0 7,804.0 9,648.0 19,933.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 13.80 15.20 9.50 7.50
Total Capital Ratio 21.30 22.70 14.50 11.60
Equity / Tot Assets 3.55 3.38 2.55 0.96
Equity / Net Loans 5.53 5.26 4.18 1.74
Equity / Cust & Short Term Funding 6.14 5.90 5.01 1.70
Equity / Liabilities 3.93 3.72 2.76 1.02
Cap Funds / Tot Assets 9.66 9.15 7.64 5.63
Cap Funds / Net Loans 15.06 14.27 12.55 10.18
Cap Funds / Dep & ST Funding 16.72 16.01 15.04 9.96
Cap Funds / Liabilities 10.70 10.07 8.27 5.97
Subord Debt / Cap Funds 39.41 37.81 40.34 47.01
Operations
Net Interest Margin 0.97 0.95 1.13 1.01
Net Int Rev / Avg Assets 0.94 0.92 1.11 0.99
Oth Op Inc / Avg Assets -0.17 -0.10 0.23 -1.16
Non Int Exp / Avg Assets 0.36 0.82 1.93 1.35
Pre-Tax Op Inc / Avg Assets 0.41 0.01 -0.59 -1.51
Non Op Items & Taxes / Avg Ast -0.60 0.06 0.16 -0.03
Return On Avg Assets (ROAA) -0.18 0.06 -0.44 -1.55
Return On Avg Equity (ROAE) -5.30 2.18 -26.00 -96.58
Dividend Pay-Out n.a. n.a. 0.00 0.00
Inc Net Of Dist / Avg Equity n.a. n.a. -26.00 -96.58
Non Op Items / Net Income 303.04 58.65 14.68 -4.98
Cost To Income Ratio 81.61 75.59 35.21 n.a.
Recurring Earning Power 0.14 0.20 0.87 -0.60
Liquidity
Interbank Ratio 31.79 34.56 39.31 37.29
Net Loans / Tot Assets 64.16 64.14 60.87 55.32
Net Loans / Dep & ST Funding 110.99 112.19 119.88 97.83
Net Loans / Tot Dep & Bor 72.95 71.98 67.18 59.53
Liquid Assets / Dep & ST Funding 27.62 28.49 37.64 43.29
Liquid Assets / Tot Dep & Bor 18.15 18.28 21.09 26.34
Date News
1 08/10/2012 Zertus makes offer for Zetar (deal no. 1601409355)
2 05/10/2012 Zertus posts Scheme document to Zetar shareholders (deal no.
1601409355)
3 17/08/2012 Deutsche Wohnen acquires BauBeCon's companies (deal no.
1601373426)
4 28/05/2012 Deutsche Wohnen acquiring BauBeCon companies (deal no.
1601373426)
5 23/05/2012 E. Winkemann acquired by management and Equistone Private
Partners (deal no. 1601379973)
6 18/01/2012 HSH Nordbank to launch private placing (deal no. 1601334740)
22 29/06/2009 HSH Nordbank may merge with banks outside public sector (deal
no. 1601091145)
23 02/06/2009 Deutsche Postbank to acquire HSH-Nordbank's payment
transaction business (deal no. 1601127405)
24 28/05/2009 States of Schleswig-Holstein and Hamburg seek privatisation of
HSH Nordbank (deal no. 1601082652)
25 17/02/2009 HSH Nordbank plans to sell Commodity Trade Finance segment
(deal no. 1601052543)
26 09/02/2009 HSH ‘to tap state investors for EUR 1.00 billion’ (deal no.
1601049589)
27 10/01/2009 German government may consider stake in HSH-Nordbank (deal
no. 1601043181)
28 30/12/2008 Straumur has acquired Biva (deal no. 1601038455)
29 16/12/2008 HSH Nordbank plans to sell real estate business in Western
Europe (deal no. 1601040072)
30 01/12/2008 HSH-Nordbank AG and Al Salam Investment in joint venture
(deal no. 1601056129)
31 31/10/2008 Citti completes acquisition of Hørkram Schulz Food Service (deal
no. 1601019573)
32 06/08/2008 RBS sells Angel Trains to Babcock & Brown-led consortium (deal
no. 577072)
33 01/08/2008 Nordic Capital and Avista Capital complete acquisition of
Convatec (deal no. 638756)
34 11/07/2008 Salzgitter may be planning to raise stake in Norddeutsche
Affinerie (deal no. 1601001852)
35 07/07/2008 Masdar Clean Tech Fund and Virgin Green Fund buy out
DuraTherm (deal no. 1601004460)
36 20/05/2008 HSH Nordbank announces capital increase plans (deal no.
616214)
37 20/05/2008 HSH Nordbank announces capital increase plans (deal no.
643428)
38 08/05/2008 Sparkassen- und Giroverband für Schleswig-Holstein may sell
stake in HSH Nordbank (deal no. 640652)
39 30/04/2008 Triton withdraws offer for Cision (deal no. 637741)
40 15/04/2008 Excel Maritime Carriers acquires Quintana Maritime (deal no.
584645)
41 01/04/2008 3i Group acquires Active Pharmaceutical Ingredients (deal no.
616022)
42 07/02/2008 HSH Nordbank planning EUR 1 billion capital injection (deal no.
433156)
43 31/12/2007 PCA Corporate Finance bought out by corporate finance team
(deal no. 1601034817)
44 09/11/2007 Norddeutsche Affinerie raises capital (deal no. 567042)
45 02/11/2007 Hamburger Hafen und Logistik floats (deal no. 398408)
46 17/10/2007 Quintana Maritime on course for a sale? (deal no. 584645)
47 26/09/2007 One Equity Partners and MSP-Stiftung to acquire De-Vau-Ge
Gesundkostwerk (deal no. 579996)
48 24/09/2007 Numerous suitors set to fall for Angel Trains (deal no. 577072)
Source : Zephyr
e and Landesbank
k Hypo AG.
eport
S
pe (Excl. Eastern
Watch
10178 BERLIN
GERMANY
Contact details
Alexanderplatz, 2
10178 BERLIN
GERMANY
Formerly known as
Bank History :
Established on January 1,1994. In April 1999, Bankgesellschaft Berlin AG absorbed Berliner Bank AG & Co KG. In August 2006, cha
Status
Accounting Standards
Accounts published in
Name of the Auditor
Types of accounts available
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Debt Securities < 3 Months
Debt Securities 3 - 12 Months
Debt Securities 1 - 5 Years
Debt Securities > 5 Years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
All figures have been adjusted based on the Stock split/Dividend ratio.
This company has been delisted since 02/08/2012 (takeover by ERWER
General information
Security information
Type of share:
ISIN number:
SEDOL number:
Ticker symbol:
Nominal value (EUR):
IPO date:
BETA
Reference index 5:
Ref. index 5 - Beta - 3 months
Ref. index 5 - Beta - 1 month
Ref. index 5 - Beta - 1 year
Ref. index 5 - Correlation coefficient - 3 months
Ref. index 5 - Correlation coefficient - 1 month
Ref. index 5 - Correlation coefficient - 1 year
Date
1 01/08/2012
2 01/10/2010
3 01/10/2010
4 14/01/2008
5 31/12/2007
6 08/08/2007
7 31/05/2007
8 25/04/2007
9 31/10/2006
10 09/12/2005
11 15/11/2005
12 15/11/2005
13 02/09/2005
14 26/04/2005
15 22/04/2005
16 02/03/2005
17 01/12/2004
18 23/11/2004
19 23/11/2004
20 19/08/2004
21 15/12/2003
22 01/09/2003
23 03/07/2003
Source : Zephyr
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
16.
17.
18.
19.
20.
21.
22.
o KG. In August 2006, changed its name to Landesbank Berlin Holding AG.
Active
International Financial Repo
mil EUR
PricewaterhouseCoopers
Cons., Uncons. & Add. Cons
47
Name
Mr. Heinrich Haasis
P039254805
Christina Förster
P039455960
l EUR
icewaterhouseCoopers
ons., Uncons. & Add. Cons.
Ordinary Shares
Delisted
Delisted
Delisted
n.a.
Boerse Duesseldorf
Boerse Berlin
Boerse Frankfurt
Boerse Hamburg
Boerse Munchen
Boerse Stuttgart
11/28/1997
2012 2011
3.97 4.39
4.00 4.47
4.07 4.25
4.06 4.18
4.05 4.24
4.04 4.16
4.06 3.90
n.a. 3.66
n.a. 3.16
n.a. 3.20
n.a. 3.66
n.a. 3.92
assen- und Giroverband comnpletes squeeze-out of Landesbank Berlin (deal no. 1601364592)
n Holding acquiring remainder of Berlin-Hannoversche Hypothekenbank (deal no. 1601220425)
che Hypothekenbank planning capital increase (deal no. 1601220430)
n acquires consumer finance segment of BHW Bank (deal no. 608836)
stake in Landesbank Berlin Holding (deal no. 547149)
n Holding stake sold to DSGV (deal no. 95272)
ake in Landesbank Berlin Holding (deal no. 542331)
may have sold shares in Landesbank Berlin Holding (deal no. 533918)
e in Landesbank Berlin Holding to DekaBank (deal no. 328383)
Weberbank (deal no. 153953)
Berlin increases stake in MLP (deal no. 395139)
Berlin may acquire more shares in MLP (deal no. 395142)
Berlin sells controlling stake in Thesaurus GmbH & Co Fünfundzwanzigste Vermögensverwaltung KG (deal no. 375950)
tion of Berliner Sparkasse planned (deal no. 338860)
ia Equity Fund announces offering (deal no. 339304)
Berlin increases stake in Weberbank Privatbankiers to 100 per cent (deal no. 323151)
Berlin acquires stake in MLP (deal no. 299553)
Berlin acquires remaining shares in Bankgesellschaft Berlin Investment (deal no. 296965)
Berlin acquires remaining shares in BB Asset Management Vermögensverwaltung (deal no. 296992)
LB merger with four other Landesbanken (deal no. 272282)
Berlin to sell LHI Leasing stake (deal no. 213873)
completes acquisition of Allbank (deal no. 170779)
Berlin raises stake in France Growth Fund (deal no. 177226)
Phone number
Fax number
Web Site Address
Bankgesellschaft Berlin AG
Consolidation Code
Nickname
Source
Release Date
Model
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
46,837.0
47,810.0
973.0
77,819.0
16,705.0
1,658.0
59,408.0
48.0
124,656.0
528.0
5,991.0
131,175.0
76,676.0
37,227.0
32,586.0
6,863.0
48,864.0
14,451.0
534.0
33,879.0
2,082.0
n.a.
1,235.0
2,318.0
131,175.0
2,778.0
973.0
35,336.0
685.0
4,926.0
700.0
1,588.0
Unqualified
Original
31/12/2011
12 months
mil EUR
951.0
456.0
89.0
-107.0
269.0
205.0
1,012.0
83.0
-271.0
41.0
120.0
-79.0
1,431.0
n.a.
12.40
9.81
4,211.0
3,330.0
68.0
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
1,878.0
2,408.0
n.a.
4,286.0
1,289.0
2,046.0
3,335.0
951.0
89.0
108.0
-107.0
n.a.
269.0
121.0
480.0
516.0
496.0
1,012.0
-24.0
395.0
83.0
230.0
82.0
n.a.
n.a.
n.a.
-41.0
n.a.
41.0
120.0
n.a.
-79.0
-191.0
n.a.
-1.0
-127.0
-398.0
4.0
-83.0
n.a.
n.a.
n.a.
18,207.0
n.a.
n.a.
29,603.0
973.0
46,837.0
47,810.0
2,778.0
455.0
16,705.0
n.a.
18,237.0
1,658.0
20,244.0
1,667.0
247.0
19,013.0
61,066.0
n.a.
n.a.
48.0
n.a.
n.a.
124,656.0
983.0
589.0
n.a.
528.0
591.0
94.0
35.0
668.0
n.a.
3,620.0
131,175.0
13,123.0
5,836.0
18,268.0
37,227.0
32,586.0
n.a.
6,863.0
76,676.0
31,591.0
1,588.0
n.a.
33,179.0
14,451.0
534.0
124,840.0
-14.0
n.a.
1,235.0
122.0
10.0
n.a.
n.a.
n.a.
1,964.0
128,157.0
700.0
n.a.
2,631.0
11.0
-324.0
0.0
n.a.
2,318.0
131,175.0
1,404.0
2,005.7
3.92
3.53
3.41
2.67
0.76
0.69
0.76
33.54
70.72
0.77
15.16
0.30
79.24
3.15
0.06
292.68
1.16
0.24
-3.03
-0.06
-15.27
-0.30
n.a.
-0.23
-1.17
4.13
5.91
1.09
9.81
12.40
n.a.
1.77
n.a.
n.a.
n.a.
-3.41
-0.23
2.89
5.81
2.04
35.03
77.87
0.17
0.14
5.81
128.43
51.26
33.72
n.a.
n.a.
760.0
83.0
4,083.0
n.a.
136,101.0
33,959.7
n.a.
33,959.7
47,959.8
125,807.0
131,626.4
n.a.
125,063.6
2,814.4
2,606.0
36,540.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,588.0
n.a.
-79.0
n.a.
-79.0
2,318.0
n.a.
n.a.
2,318.0
2,318.0
-14.0
0.0
591.0
94.0
215.0
0.0
0.0
1,404.0
601.7
0.0
2,005.7
601.7
n.a.
n.a.
n.a.
n.a.
1,878.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,289.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
20,244.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,667.0
n.a.
n.a.
n.a.
n.a.
n.a.
120.0
52.0
68.0
88.0
885.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,555.0
n.a.
-1.0
n.a.
n.a.
n.a.
11.0
2,307.0
2,318.0
-324.0
0.0
n.a.
n.a.
-324.0
n.a.
n.a.
n.a.
77.0
-247.0
n.a.
-247.0
n.a.
2,318.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
215.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
700.0
700.0
700.0
3,330.0
4,211.0
9.81
12.40
33,959.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
61,066.0
n.a.
61,066.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,650
n.a.
9.81
n.a.
12.40
n.a.
n.a.
n.a.
n.a.
n.a.
595.0
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2011
2.04
8.73
35.03
5.81
0.14
n.s.
119.85
77.87
9.81
12.40
1.77
4.95
3.02
1.83
3.51
9.83
6.01
3.64
34.48
0.76
0.72
0.35
0.83
0.24
-0.30
-0.06
-3.14
n.a.
n.a.
343.04
71.93
0.30
51.26
35.71
61.08
38.00
46.09
28.67
2010 2009
3.31 2.53
3.60 2.27
3.85 2.22
3.90 2.85
3.55 3.34
3.69 3.15
4.10 3.25
3.93 3.22
3.95 3.25
4.08 3.40
4.30 3.40
4.40 3.32
)
dit, Personnel and Strategy Committee
oyee representative)
entative) (since 09/06/2009)
entative)
9)
entative)
entative) (since 09/06/2009)
entative)
ittee
entative)
ittee
entative) (since 09/06/2009)
entative) (since 09/06/2009)
0)
ittee (since 15/07/2010)
entative)
ittee
1/01/2011)
DE15517
15517
Active
C2
BGESELCI
Annual Report
8/7/2012
ALLBANKS
n
IFRS
Unqualified
Original
31/12/2010
12 months
mil EUR
45,452.0
46,468.0
1,016.0
80,250.0
16,708.0
1,182.0
62,301.0
59.0
125,702.0
550.0
5,225.0
131,477.0
79,250.0
36,092.0
32,840.0
10,318.0
46,341.0
12,516.0
420.0
33,405.0
1,972.0
n.a.
1,192.0
2,722.0
131,477.0
2,748.0
1,016.0
34,175.0
681.0
5,404.0
700.0
1,548.0
Unqualified
Original
31/12/2010
12 months
mil EUR
725.0
738.0
299.0
57.0
274.0
108.0
1,003.0
105.0
-38.0
317.0
52.0
265.0
1,455.0
n.a.
12.82
10.12
4,081.0
3,221.0
108.0
IFRS
Unqualified
Original
31/12/2010
12 months
mil EUR
1,848.0
2,326.0
n.a.
4,174.0
1,257.0
2,192.0
3,449.0
725.0
299.0
16.0
57.0
n.a.
274.0
84.0
730.0
551.0
452.0
1,003.0
8.0
460.0
105.0
27.0
328.0
n.a.
n.a.
n.a.
-11.0
n.a.
317.0
52.0
n.a.
265.0
49.0
n.a.
0.0
27.0
341.0
-2.0
267.0
n.a.
n.a.
n.a.
16,651.0
n.a.
n.a.
29,817.0
1,016.0
45,452.0
46,468.0
2,748.0
508.0
16,708.0
n.a.
17,198.0
1,182.0
18,939.0
1,664.0
90.0
24,410.0
63,483.0
n.a.
n.a.
59.0
n.a.
n.a.
125,702.0
830.0
561.0
n.a.
550.0
591.0
90.0
55.0
720.0
12.0
2,927.0
131,477.0
13,421.0
6,059.0
16,612.0
36,092.0
32,840.0
n.a.
10,318.0
79,250.0
31,157.0
1,548.0
n.a.
32,705.0
12,516.0
420.0
124,891.0
-47.0
n.a.
1,192.0
120.0
15.0
n.a.
n.a.
n.a.
1,884.0
128,055.0
700.0
n.a.
2,890.0
12.0
-181.0
1.0
n.a.
2,722.0
131,477.0
1,662.0
2,362.0
3.86
3.60
3.09
2.56
0.54
0.46
0.54
50.17
68.93
0.71
17.07
0.32
28.70
12.17
0.23
16.40
1.45
1.03
9.83
0.19
12.65
0.24
n.a.
0.83
1.07
5.22
7.42
1.31
10.12
12.82
n.a.
2.07
n.a.
n.a.
n.a.
9.74
-8.59
-4.37
5.91
2.19
36.97
63.63
0.22
0.23
5.91
128.75
50.88
32.12
n.a.
n.a.
827.0
16.0
4,561.0
n.a.
136,881.0
31,833.0
n.a.
31,833.0
47,873.6
135,287.2
141,573.2
n.a.
134,598.4
2,774.4
2,695.2
34,884.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,548.0
n.a.
265.0
n.a.
265.0
2,722.0
n.a.
n.a.
2,722.0
2,722.0
-47.0
0.0
591.0
90.0
332.0
0.0
0.0
1,662.0
700.0
0.0
2,362.0
712.3
n.a.
n.a.
n.a.
n.a.
1,848.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,257.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
18,939.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,664.0
n.a.
n.a.
n.a.
n.a.
n.a.
171.0
63.0
108.0
110.0
906.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,555.0
n.a.
258.0
n.a.
n.a.
n.a.
12.0
2,710.0
2,722.0
181.0
1.0
n.a.
n.a.
182.0
n.a.
n.a.
n.a.
77.0
259.0
n.a.
259.0
n.a.
2,722.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
332.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
700.0
700.0
700.0
3,221.0
4,081.0
10.12
12.82
31,833.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
63,483.0
n.a.
63,483.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,717
n.a.
10.12
n.a.
12.82
n.a.
n.a.
n.a.
n.a.
n.a.
463.0
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2010
2.19
14.48
36.97
5.91
0.23
29.19
100.96
63.63
10.12
12.82
2.07
5.99
3.44
2.15
3.78
10.94
6.27
3.93
31.15
0.55
0.53
0.54
0.81
0.26
-0.07
0.19
9.75
n.a.
n.a.
-14.34
68.56
0.33
50.88
34.57
57.35
36.85
43.12
27.71
2008
5.93
5.96
5.92
5.95
5.43
5.22
4.62
4.06
3.51
2.96
2.49
2.90
Body
SupB
AudC, OthBC
SupB
AudC, OthBC
SupB
SupB
SupB
OthBC
SupB
SupB
SupB
SupB
SupB
SupB
AudC, OthBC
SupB
SupB
AudC, OthBC
SupB
SupB
SupB
AudC, OthBC
SupB
OthBC
SupB
SupB
SupB
AudC, OthBC
ExeB
ExeB
Outlook Watch
Stable
IFRS
Unqualified
Original
31/12/2009
12 months
mil EUR
47,512.0
48,592.0
1,080.0
89,873.0
22,425.0
983.0
66,379.0
86.0
137,385.0
569.0
5,881.0
143,835.0
86,821.0
35,129.0
41,370.0
10,322.0
50,856.0
13,128.0
507.0
37,221.0
2,232.0
n.a.
1,214.0
2,712.0
143,835.0
3,040.7
1,080.0
40,732.0
654.0
5,671.0
700.0
1,844.0
Unqualified
Original
31/12/2009
12 months
mil EUR
862.0
725.0
532.0
-69.0
262.0
0.0
985.0
185.0
-88.0
329.0
64.0
265.0
1,601.0
n.a.
11.79
8.50
4,259.0
3,073.0
-21.0
IFRS
Unqualified
Original
31/12/2009
12 months
mil EUR
2,281.0
2,405.0
n.a.
4,686.0
1,926.0
1,898.0
3,824.0
862.0
532.0
-27.0
-69.0
n.a.
262.0
41.0
739.0
537.0
448.0
985.0
-14.0
602.0
185.0
n.a.
417.0
n.a.
n.a.
8.0
-80.0
n.a.
329.0
64.0
n.a.
265.0
616.0
n.a.
10.0
-33.0
858.0
15.0
250.0
n.a.
n.a.
n.a.
15,942.0
n.a.
n.a.
32,650.0
1,080.0
47,512.0
48,592.0
3,040.7
949.0
22,425.0
n.a.
17,586.0
983.0
15,229.0
1,661.0
106.0
31,797.0
67,362.0
n.a.
n.a.
86.0
n.a.
n.a.
137,385.0
1,342.0
621.0
n.a.
569.0
591.0
63.0
34.0
795.0
13.0
3,043.0
143,835.0
12,565.0
6,164.0
16,400.0
35,129.0
41,370.0
n.a.
10,322.0
86,821.0
34,677.0
1,844.0
n.a.
36,521.0
13,128.0
507.0
136,977.0
-32.0
n.a.
1,214.0
136.0
15.0
n.a.
n.a.
n.a.
2,113.0
140,423.0
700.0
n.a.
2,762.0
138.0
-189.0
1.0
n.a.
2,712.0
143,835.0
1,659.0
2,359.0
4.75
5.69
3.35
2.72
0.62
0.48
0.62
46.16
61.52
0.67
25.49
0.41
30.73
17.66
0.28
19.45
1.67
1.15
11.22
0.18
36.33
0.58
n.a.
0.73
2.37
4.59
6.53
1.21
8.50
11.79
n.a.
1.89
n.a.
n.a.
n.a.
9.77
-1.07
2.38
6.26
2.22
35.52
72.30
0.39
-0.04
6.26
138.32
54.21
28.36
n.a.
n.a.
961.0
3.0
4,707.0
n.a.
149,506.0
36,137.0
n.a.
36,137.0
48,000.6
140,011.4
147,391.6
n.a.
140,668.2
2,574.0
2,361.4
33,875.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,844.0
n.a.
265.0
n.a.
265.0
2,712.0
n.a.
n.a.
2,712.0
2,712.0
-70.0
0.0
591.0
63.0
329.0
0.0
0.0
1,659.0
700.0
0.0
2,359.0
711.0
n.a.
n.a.
n.a.
n.a.
2,281.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,926.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
15,229.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,661.0
n.a.
n.a.
n.a.
n.a.
n.a.
31.0
52.0
-21.0
135.0
945.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,555.0
n.a.
137.0
n.a.
n.a.
n.a.
138.0
2,574.0
2,712.0
-196.0
1.0
n.a.
n.a.
-195.0
n.a.
n.a.
n.a.
77.0
-118.0
n.a.
-118.0
n.a.
2,712.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
329.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
700.0
700.0
700.0
3,073.0
4,259.0
8.50
11.79
36,137.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
67,362.0
n.a.
67,362.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,751
n.a.
8.50
n.a.
11.79
n.a.
n.a.
n.a.
n.a.
n.a.
916.0
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2009
2.22
21.46
35.52
6.26
-0.04
-4.67
112.12
72.30
8.50
11.79
1.89
5.71
3.12
1.96
3.65
11.06
6.05
3.79
35.08
0.63
0.60
0.50
0.81
0.29
-0.11
0.18
11.34
n.a.
n.a.
-33.21
62.07
0.42
54.21
33.03
54.72
35.16
46.92
30.14
2007
7.10
7.55
7.05
6.83
6.65
6.13
6.39
6.67
6.76
6.78
5.97
6.37
8/1/2012
4.09
4.12
3.86
8/1/2012
0.49
0.99
0.99
1.24
-0.74
5.96
6.51
0.02
-0.01
0.04
0.12
-0.05
0.04
0.01
-0.01
0.02
0.06
-0.08
0.02
0.01
-0.01
0.05
0.05
-0.03
0.05
0.02
-0.01
0.02
0.11
-0.05
0.02
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.26
0.04
0.04
0.03
0.03
Source
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
IFRS
Unqualified
Original
31/12/2008
12 months
mil EUR
46,235.0
47,462.0
1,227.0
92,095.0
22,351.0
749.0
68,859.0
136.0
138,330.0
578.0
6,480.0
145,388.0
81,022.0
29,742.0
45,950.0
5,330.0
59,089.0
14,489.0
335.0
44,265.0
2,147.0
n.a.
1,168.0
1,962.0
145,388.0
2,760.6
1,227.0
42,373.0
650.0
5,963.0
687.0
2,450.0
Unqualified
Original
31/12/2008
12 months
mil EUR
1,247.0
-340.0
84.0
-446.0
302.0
-280.0
940.0
63.0
105.0
9.0
-35.0
44.0
925.0
n.a.
10.96
7.76
4,511.0
3,196.0
n.a.
IFRS
Unqualified
Original
31/12/2008
12 months
mil EUR
3,578.0
3,341.0
n.a.
6,919.0
4,015.0
1,657.0
5,672.0
1,247.0
84.0
-401.0
-446.0
n.a.
302.0
139.0
-322.0
492.0
448.0
940.0
-18.0
-33.0
63.0
n.a.
-96.0
n.a.
n.a.
-12.0
93.0
n.a.
9.0
-35.0
n.a.
44.0
-482.0
n.a.
-7.0
n.a.
-445.0
12.0
32.0
n.a.
n.a.
15,248.0
n.a.
n.a.
n.a.
32,214.0
1,227.0
46,235.0
47,462.0
2,760.6
n.a.
22,351.0
n.a.
18,295.0
749.0
6,199.0
1,325.0
100.0
42,940.0
69,608.0
n.a.
n.a.
65.0
n.a.
71.0
138,330.0
1,727.0
n.a.
n.a.
578.0
592.0
58.0
99.0
930.0
n.a.
3,074.0
145,388.0
20,919.0
7,510.0
1,313.0
29,742.0
45,950.0
n.a.
5,330.0
81,022.0
41,128.0
2,450.0
n.a.
43,578.0
14,489.0
335.0
139,424.0
-41.0
n.a.
1,168.0
157.0
33.0
n.a.
83.0
n.a.
1,915.0
142,739.0
687.0
n.a.
2,555.0
80.0
-664.0
-9.0
n.a.
1,962.0
145,388.0
913.0
1,304.3
7.52
13.23
5.09
4.09
0.92
0.87
0.92
-34.81
101.62
0.65
-1.47
-0.02
-190.91
-4.29
-0.07
-388.89
-0.08
-0.23
1.96
0.03
-19.87
-0.31
n.a.
0.11
-1.08
2.22
3.17
0.66
7.76
10.96
n.a.
1.35
n.a.
n.a.
n.a.
2.24
2.28
0.98
5.82
2.59
44.45
78.17
0.13
n.a.
5.82
159.58
48.64
23.81
n.a.
n.a.
2,220.0
n.a.
3,743.0
0.0
151,351.0
41,150.0
n.a.
41,150.0
47,570.6
135,956.4
144,760.4
n.a.
138,831.2
2,589.0
2,239.6
30,343.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,450.0
n.a.
44.0
n.a.
44.0
1,962.0
n.a.
n.a.
n.a.
1,962.0
-41.0
0.0
592.0
58.0
358.0
0.0
0.0
913.0
391.3
0.0
1,304.3
391.3
n.a.
n.a.
n.a.
n.a.
3,578.0
n.a.
n.a.
n.a.
n.a.
n.a.
4,015.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,056.0
n.a.
n.a.
n.a.
n.a.
515.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,571.0
5,935.0
n.a.
n.a.
n.a.
n.a.
162.0
n.a.
6,199.0
42,940.0
n.a.
n.a.
n.a.
n.a.
1,325.0
n.a.
n.a.
n.a.
n.a.
677.0
n.a.
n.a.
n.a.
1,227.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,555.0
n.a.
-120.0
44.0
n.a.
n.a.
80.0
1,882.0
1,962.0
-664.0
n.a.
n.a.
n.a.
-664.0
n.a.
n.a.
n.a.
67.0
-597.0
n.a.
-597.0
n.a.
1,962.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
358.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
700.0
700.0
700.0
3,196.0
4,511.0
7.76
10.96
41,150.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
69,608.0
n.a.
69,608.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
5,999
n.a.
7.76
n.a.
10.96
n.a.
n.a.
n.a.
n.a.
n.a.
1,272.0
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2008
2.59
5.05
44.45
5.82
n.a.
n.a.
140.70
78.17
7.76
10.96
1.35
4.24
2.42
1.40
3.51
11.03
6.29
3.64
48.05
0.92
0.87
-0.24
0.70
-0.07
0.10
0.03
1.84
n.a.
n.a.
238.64
103.64
-0.02
48.64
31.80
57.07
33.76
52.30
30.94
2006
3.92
4.86
4.91
4.76
4.35
4.45
4.56
4.74
5.93
5.99
7.10
7.96
IFRS IFRS IFRS
Audited Unqualified Unqualified
Original Restated Original
31/12/2007 31/12/2006 31/12/2005
12 months 12 months 12 months
mil EUR mil EUR mil EUR
2005
2.02
2.34
2.70
2.89
2.99
2.87
2.88
3.31
2.99
2.93
3.14
2.99
IFRS
Audited
Original
31/12/2004
12 months
mil EUR
52,843.0
57,727.0
4,884.0
70,284.0
25,923.0
3,309.0
40,788.0
264.0
123,127.0
956.0
6,219.0
130,302.0
71,947.0
35,109.0
36,838.0
n.a.
50,134.0
3,295.0
n.a.
46,839.0
3,369.0
n.a.
1,795.0
3,057.0
130,302.0
n.a.
4,884.0
33,551.0
670.0
5,558.0
n.a.
2,749.0
Audited
Original
31/12/2004
12 months
mil EUR
915.0
582.0
102.0
0.0
308.0
172.0
1,140.0
255.0
-27.0
75.0
-33.0
108.0
1,497.0
n.a.
11.10
7.50
n.a.
n.a.
n.a.
IFRS
Audited
Original
31/12/2004
12 months
mil EUR
3,929.0
1,134.0
n.a.
5,063.0
n.a.
4,148.0
4,148.0
915.0
102.0
50.0
0.0
n.a.
308.0
122.0
582.0
573.0
567.0
1,140.0
n.a.
357.0
255.0
n.a.
102.0
n.a.
0.0
27.0
n.a.
n.a.
75.0
-33.0
n.a.
108.0
0.0
n.a.
n.a.
n.a.
108.0
16.0
92.0
n.a.
n.a.
19,939.0
n.a.
n.a.
n.a.
37,788.0
4,884.0
52,843.0
57,727.0
n.a.
n.a.
25,923.0
n.a.
6,325.0
3,309.0
34,073.0
n.a.
390.0
n.a.
44,097.0
4,182.0
n.a.
264.0
n.a.
0.0
123,127.0
1,303.0
n.a.
n.a.
956.0
570.0
100.0
62.0
353.0
n.a.
3,831.0
130,302.0
35,109.0
n.a.
n.a.
35,109.0
36,838.0
n.a.
n.a.
71,947.0
44,090.0
2,749.0
n.a.
46,839.0
3,295.0
n.a.
122,081.0
0.0
n.a.
1,795.0
94.0
52.0
n.a.
59.0
n.a.
3,164.0
127,245.0
n.a.
1,100.0
1,930.0
27.0
0.0
n.a.
0.0
1,957.0
130,302.0
n.a.
n.a.
6.81
n.a.
4.11
3.40
0.74
0.54
0.74
38.88
76.15
0.87
18.24
0.27
71.43
5.21
0.08
-44.00
0.86
0.24
5.52
0.08
5.52
0.08
n.a.
0.26
0.26
n.a.
n.a.
0.92
7.50
11.10
n.a.
1.50
n.a.
n.a.
n.a.
5.52
n.a.
n.a.
n.a.
8.46
n.a.
n.a.
0.44
n.a.
n.a.
164.42
70.37
29.56
n.a.
n.a.
2,827.0
n.a.
2,731.0
n.a.
135,860.0
41,691.0
n.a.
41,691.0
57,727.0
123,127.0
130,302.0
n.a.
122,081.0
1,930.0
1,957.0
35,109.0
11,473.0
3,384.0
17,976.0
24,894.0
n.a.
n.a.
n.a.
n.a.
12,250.0
5,226.0
6,013.0
2,434.0
n.a.
n.a.
n.a.
n.a.
22,039.0
3,461.0
9,609.0
n.a.
23,318.0
5,359.0
8,161.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,749.0
n.a.
108.0
n.a.
n.a.
1,957.0
1,100.0
n.a.
n.a.
1,957.0
0.0
n.a.
570.0
100.0
96.0
n.a.
n.a.
n.a.
1,100.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,929.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,455.0
n.a.
n.a.
n.a.
n.a.
3,774.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
96.0
6,325.0
29,633.0
4,182.0
n.a.
n.a.
n.a.
258.0
0.0
34,073.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,182.0
n.a.
n.a.
n.a.
4,128.0
n.a.
n.a.
n.a.
130.0
4,349.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,135.0
n.a.
-135.0
n.a.
n.a.
70.0
27.0
1,930.0
1,930.0
0.0
n.a.
n.a.
n.a.
0.0
n.a.
n.a.
n.a.
n.a.
0.0
n.a.
0.0
1,100.0
3,057.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
96.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,100.0
1,100.0
1,100.0
n.a.
n.a.
7.50
11.10
41,691.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
44,097.0
n.a.
44,097.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
9,120
n.a.
7.50
n.a.
11.10
n.a.
n.a.
n.a.
n.a.
n.a.
784.0
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2004
8.46
27.87
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
7.50
11.10
2.35
5.79
4.25
2.46
4.46
10.99
8.07
4.66
47.35
0.74
0.70
0.45
1.07
0.08
0.01
0.08
3.53
n.a.
n.a.
-25.00
76.15
0.27
70.37
40.55
73.45
44.28
46.63
28.12
DekaBank Deutsche Girozentrale
60325 FRANKFURT AM MAIN 1
GERMANY
Contact details
MAINZER LANDSTRASSE 16
60325 FRANKFURT AM MAIN 1
GERMANY
Formerly known as
Bank History :
Established in 1918. In December 1998, Deutsche Girozentrale - Deutsche Kommunalbank absorbed Dekabank GmbH and its nam
Status
Accounting Standards
Accounts published in
Name of the Auditor
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Debt Securities < 3 Months
Debt Securities 3 - 12 Months
Debt Securities 1 - 5 Years
Debt Securities > 5 Years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
Date
1 14/03/2011
2 17/03/2010
3 17/03/2010
4 05/10/2009
5 03/10/2009
6 18/12/2008
7 02/03/2008
8 31/05/2007
9 31/10/2006
10 24/01/2005
11 03/12/2003
12 07/11/2003
13 09/07/2003
14 16/06/2003
Source : Zephyr
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
1.
2.
3.
4.
abank GmbH and its name changed to DGZ-DekaBank Deutsche Kommunalbank. In July 2002, changed its name to DekaBank Deutsche Giroze
Active
International Financial Reporting Standards (IFRS)
mil EUR
PricewaterhouseCoopers AG
556
Heike Schillo -
P123440920
Phone number
Fax number
Web Site Address
t Institution
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
31,603.0
31,906.1
303.1
101,081.9
39,596.7
22,530.4
37,735.3
1,219.5
132,684.9
35.6
1,017.1
133,737.6
58,345.5
24,417.1
32,870.1
1,058.3
70,832.0
30,746.8
14,331.2
25,754.0
1,006.5
n.a.
213.4
3,340.2
133,737.6
655.5
303.1
74,402.7
112.1
2,132.2
130.4
1,404.3
Unqualified
Original
31/12/2011
12 months
mil EUR
274.0
1,264.4
437.8
-212.0
976.5
62.1
966.1
198.6
-54.9
318.8
58.1
260.7
1,537.8
28.6
15.60
11.60
3,922.9
2,908.4
34.1
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
1,518.8
1,541.5
n.a.
3,060.3
n.a.
2,786.3
2,786.3
274.0
437.8
-0.1
-212.0
n.a.
976.5
61.6
1,263.8
367.7
598.4
966.1
0.6
572.3
198.6
-2.9
376.6
n.a.
n.a.
n.a.
n.a.
-57.8
318.8
58.1
n.a.
260.7
-7.7
n.a.
1.3
n.a.
254.3
n.a.
260.7
28.6
n.a.
n.a.
n.a.
n.a.
n.a.
31,906.1
303.1
31,603.0
31,906.1
655.5
n.a.
39,596.7
n.a.
34,437.8
22,530.4
0.3
3,267.6
29.6
n.a.
60,265.7
n.a.
n.a.
n.a.
n.a.
1,219.5
132,684.9
368.2
n.a.
n.a.
35.6
53.1
59.0
211.3
46.7
n.a.
278.8
133,737.6
24,417.1
n.a.
n.a.
24,417.1
32,870.1
n.a.
1,058.3
58,345.5
24,219.3
1,404.3
n.a.
25,623.6
30,746.8
14,331.2
129,047.1
n.a.
n.a.
213.4
263.4
18.5
n.a.
n.a.
n.a.
724.6
130,267.0
130.4
n.a.
3,348.9
n.a.
-21.6
12.9
n.a.
3,340.2
133,737.6
3,181.4
3,181.4
5.18
n.a.
2.39
2.24
0.21
0.06
0.21
82.18
62.82
0.75
15.96
0.44
34.20
10.50
0.29
18.22
2.28
1.50
7.27
0.20
7.09
0.20
n.a.
1.04
1.01
12.66
12.66
2.38
11.60
15.60
n.a.
2.50
10.97
11.25
n.a.
6.95
2.64
15.53
2.05
0.95
46.24
10.55
0.68
0.12
2.05
130.67
120.46
24.84
n.a.
n.a.
440.6
n.a.
1,691.6
n.a.
135,869.8
25,139.0
n.a.
25,139.0
29,332.4
128,058.4
129,245.4
n.a.
124,306.1
3,582.3
3,585.1
22,624.9
7,041.1
7,379.5
11,198.1
5,984.3
n.a.
n.a.
n.a.
n.a.
17,640.2
4,574.4
15,520.4
1,861.7
13,338.0
2,849.4
5,569.4
2,660.3
n.a.
n.a.
n.a.
n.a.
24,273.3
3,700.6
3,725.5
1,170.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
206.0
1,194.0
82.3
1,404.3
n.a.
260.7
n.a.
260.7
3,340.2
n.a.
n.a.
3,340.2
3,340.2
0.0
0.0
53.1
59.0
46.7
0.0
0.0
3,181.4
0.0
0.0
3,181.4
1,363.5
n.a.
n.a.
n.a.
n.a.
1,518.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.3
n.a.
n.a.
n.a.
n.a.
n.a.
3,267.6
n.a.
n.a.
n.a.
n.a.
n.a.
60.7
26.6
34.1
66.4
236.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
191.7
n.a.
2,899.4
67.5
n.a.
n.a.
n.a.
3,340.2
3,340.2
-21.6
12.9
n.a.
n.a.
-8.7
n.a.
n.a.
n.a.
190.3
181.6
n.a.
181.6
n.a.
3,340.2
n.a.
n.a.
n.a.
n.a.
28.6
28.6
n.a.
46.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.0
2,908.4
3,922.9
11.60
15.60
25,139.0
16,988.0
6,363.0
1,788.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
60,265.7
n.a.
60,265.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,957
n.a.
11.60
n.a.
15.60
n.a.
n.a.
n.a.
n.a.
n.a.
362.9
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2011
0.95
72.48
46.24
2.05
0.12
7.42
19.63
10.55
11.60
15.60
2.50
10.57
5.73
2.59
3.65
15.43
8.36
3.78
28.81
0.21
0.21
0.96
0.88
0.28
-0.09
0.20
7.00
10.97
6.23
-21.06
62.80
0.43
120.46
23.63
54.17
24.76
127.52
58.29
Member, Board of Management (Repesentative appointed by the Federal Organisation of Central Municipal Organisations)
Member, Board of Management (Repesentative appointed by the Federal Organisation of Central Municipal Organisations)
Member, Board of Management (Repesentative appointed by the Federal Organisation of Central Municipal Organisations)
Second Deputy Chairman of the Administrative Board; Second Deputy Chairman of the General Committee
Deputy Chairman of the Audit Committee
First Deputy Chairman of the Administrative Board; First Deputy Chairman of the General Committee
Member of the Audit Committee
Member of the General Committee; Chairman of the Credit Committee; Member of Administrative Board (Representatives elected
by the Shareholder's meeting)
Member of the Audit Committee
Member of the General Committee; Member of Administrative Board (Representatives elected by the Shareholder's meeting)
Member of Administrative Board (Representatives elected by the Shareholder's meeting); Deputy Chairman of the Credit
Committee
Member of the General Committee; Member of Administrative Board (Representatives elected by the Shareholder's meeting)
Member of the General Committee; Member of Administrative Board (Representatives elected by the Shareholder's meeting)
Member of the General Committee; Member of Administrative Board (Representatives elected by the Shareholder's meeting)
Member of Administrative Board (Representatives elected by the Shareholder's meeting); Member of the Credit Committee
Member of the Credit Committee; Member of Administrative Board (Representatives elected by the Shareholder's meeting)
Executive Manager
Executive Manager
Executive Manager
DE13229
13229
Active
C2
DEKACI
Annual Report
9/14/2012
ALLBANKS
Stable
IFRS IFR
Unqualified Unqualifie
Original Restate
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
27,411.1 23,863.
27,616.2 24,119.
205.1 256.
101,751.6 108,290.
39,310.3 38,834.
22,095.8 21,415.
38,121.9 45,410.
2,223.6 2,629.
129,162.7 132,153.
36.4 39.
1,104.7 1,089.
130,303.8 133,283.
52,506.0 46,999.
21,369.8 23,773.
29,508.6 23,225.
1,627.6 n.a
72,408.3 81,359.
30,247.6 31,351.
18,160.2 22,928.
24,000.5 27,080.
1,036.3 1,068.
n.a. n.a
244.9 355.
4,108.3 3,500.
130,303.8 133,283.
742.0 949.
205.1 256.
74,642.8 81,125.
100.5 118.
2,849.5 3,363.
130.4 130.
1,402.0 1,902.
Unqualified Unqualifie
Original Restate
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
347.0 452.
1,395.9 1,255.
292.8 344.
1.4 -43.
1,061.7 980.
40.0 -26.
918.2 835.
-52.0 352.
-27.5 -22.
849.2 498.
201.5 149.
647.7 348.
1,757.2 1,730.
28.6 28.
16.90 13.8
12.90 9.7
4,357.6 4,051.
3,317.1 2,838.
-42.5 46.
IFRS IFR
Unqualified Unqualifie
Original Restate
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
1,612.7 2,112.
1,855.8 1,656.
n.a. n.a
3,468.5 3,769.
n.a. n.a
3,121.5 3,316.
3,121.5 3,316.
347.0 452.
292.8 344.
n.a. n.a
1.4 -43.
n.a. n.a
1,061.7 980.
54.3 -3.
1,410.2 1,278.
379.3 367.
538.9 467.
918.2 835.
-14.3 -23.
824.7 872.
-52.0 352.
n.a. n.a
876.7 520.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
-27.5 -22.
849.2 498.
201.5 149.
n.a. n.a
647.7 348.
-16.4 0.
n.a. n.a
7.5 0.
n.a. n.a
638.8 349.
n.a. n.a
647.7 348.
28.6 28.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
27,616.2 24,119.
205.1 256.
27,411.1 23,863.
27,616.2 24,119.
742.0 949.
n.a. n.a
39,310.3 38,834.
n.a. n.a
34,711.4 42,005.
22,095.8 21,415.
117.7 146.
3,262.4 3,256.
30.4 2.
n.a. n.a
60,217.7 66,826.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,223.6 2,629.
129,162.7 132,153.
621.1 285.
n.a. n.a
n.a. n.a
36.4 39.
78.0 93.
22.5 25.
82.2 5.
14.8 273.
n.a. n.a
286.1 406.
130,303.8 133,283.
21,369.8 23,773.
n.a. n.a
n.a. n.a
21,369.8 23,773.
29,508.6 23,225.
n.a. n.a
1,627.6 n.a
52,506.0 46,999.
22,468.1 25,047.
1,402.0 1,902.
n.a. n.a
23,870.1 26,949.
30,247.6 31,351.
18,160.2 22,928.
124,783.9 128,228.
n.a. n.a
n.a. n.a
244.9 355.
274.1 122.
32.9 275.
n.a. n.a
n.a. n.a
n.a. n.a
729.3 670.
126,065.1 129,652.
130.4 130.
n.a. n.a
4,109.9 3,492.
0.7 0.
-13.9 2.
11.6 4.
n.a. n.a
4,108.3 3,500.
130,303.8 133,283.
n.a. n.a
n.a. n.a
6.03 7.7
n.a. n.a
2.63 2.8
2.44 2.5
0.26 0.3
0.30 0.0
0.26 0.3
80.25 73.8
52.25 48.2
0.69 0.6
21.94 26.0
0.62 0.6
-6.31 40.3
23.32 15.5
0.66 0.3
23.73 30.0
3.21 2.9
3.41 1.7
17.23 10.4
0.49 0.2
16.99 10.4
0.48 0.2
n.a. n.a
2.52 1.1
2.48 1.1
n.a. n.a
n.a. n.a
3.07 2.3
12.90 9.7
16.90 13.8
n.a. n.a
3.15 2.6
4.42 8.2
4.48 8.1
n.a. n.a
15.07 9.1
-2.24 -3.8
14.50 -19.2
2.69 3.9
0.74 1.0
27.64 26.9
13.07 19.8
-0.19 1.3
-0.16 0.1
2.69 3.9
129.23 101.4
133.22 167.2
22.60 24.5
n.a. n.a
n.a. n.a
570.8 648.
n.a. n.a
2,278.7 2,715.
n.a. n.a
133,153.3 136,646.
25,725.0 29,413.
n.a. n.a
25,725.0 29,413.
26,753.8 27,202.
131,638.8 132,710.
132,828.6 134,405.
n.a. n.a
127,671.1 129,186.
3,753.1 3,262.
3,759.1 3,347.
23,493.9 29,039.
4,837.9 2,149.
2,872.6 2,471.
13,832.2 12,064.
5,868.4 7,178.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
14,739.4 13,025.
4,476.6 4,411.
17,829.0 13,257.
2,265.3 7,840.
10,898.1 11,981.
1,222.5 1,140.
6,808.5 5,868.
2,440.7 4,783.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
23,297.9 16,931.
1,608.1 1,236.
4,095.4 4,052.
507.2 1,005.
861.5 n.a
766.1 4,107.
22,126.4 20,939.
341.7 n.a
24,095.7 25,047.
n.a. n.a
n.a. n.a
n.a. n.a
71.3 577.
1,291.5 1,403.
117.2 n.a
1,402.0 1,902.
n.a. n.a
647.7 348.
n.a. n.a
647.7 348.
4,108.3 3,500.
n.a. n.a
n.a. n.a
4,108.3 3,500.
4,108.3 3,500.
n.a. n.a
n.a. n.a
78.0 93.
22.5 25.
14.8 273.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,612.7 2,112.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
117.7 146.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,262.4 3,256.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
25.9 51.
68.4 5.
-42.5 46.
73.8 82.
131.3 173.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
286.3 286.
n.a. n.a
3,604.7 2,987.
28.6 0.
n.a. n.a
n.a. n.a
0.7 0.
4,107.6 3,499.
4,108.3 3,500.
-13.9 2.
11.6 4.
n.a. n.a
n.a. n.a
-2.3 6.
n.a. n.a
n.a. n.a
n.a. n.a
190.3 190.
188.0 196.
n.a. n.a
188.0 196.
n.a. n.a
4,108.3 3,500.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
28.6 28.
28.6 28.
n.a. n.a
14.8 273.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,317.1 2,838.
4,357.6 4,051.
12.90 9.7
16.90 13.8
25,725.0 29,413.
18,500.0 20,713.
5,575.0 6,975.
1,650.0 1,725.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
60,217.7 66,826.
n.a. n.a
60,217.7 66,826.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,683 3,66
n.a. n.a
12.90 9.7
n.a. n.a
16.90 13.8
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
616.9 281.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Unqualifie
31/12/2010 31/12/200
0.74 1.0
-14.99 77.8
27.64 26.9
2.69 3.9
-0.16 0.1
-7.13 6.5
18.06 27.1
13.07 19.8
12.90 9.7
16.90 13.8
3.15 2.6
14.99 14.6
7.82 7.4
3.30 2.7
4.33 4.1
20.58 23.1
10.74 11.7
4.53 4.3
24.86 34.3
0.27 0.3
0.26 0.3
1.06 0.9
0.66 0.8
0.67 0.3
-0.17 -0.1
0.49 0.2
17.03 10.3
4.42 8.2
16.27 9.4
-4.25 -6.3
52.68 48.9
0.63 0.6
133.22 167.2
21.04 17.9
52.21 50.7
22.22 18.8
142.16 172.6
60.50 64.2
Body
BoD
ExeB
ExeB
al Organisations) ExeB
ExeB
ExeB
ExeB
ExeB
ExeB
al Organisations) ExeB
ExeB
ExeB
ExeB
al Organisations) ExeB
ExeB
ExeB
AudC
e OthBC
AudC
OthBC
AudC
(Representatives elected OthBC
AudC
reholder's meeting) OthBC
AudC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
OthBC
Dept
OthDep
OthDep
OthDep
OthDep
utlook Watch
able
IFRS IFRS
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
23,863.4 29,759.2
24,119.6 29,883.6
256.2 124.4
108,290.1 106,553.5
38,834.7 43,983.7
21,415.7 16,022.8
45,410.7 43,033.2
2,629.0 3,513.8
132,153.5 136,312.7
39.9 43.4
1,089.9 2,253.2
133,283.3 138,609.3
46,999.2 64,065.1
23,773.4 33,745.0
23,225.8 30,320.1
n.a. n.a.
81,359.9 69,786.5
31,351.3 24,335.8
22,928.4 16,317.6
27,080.2 29,133.1
1,068.9 1,306.6
n.a. n.a.
355.3 211.2
3,500.0 3,239.9
133,283.3 138,609.3
949.6 600.0
256.2 124.4
81,125.5 85,381.5
118.7 146.9
3,363.5 5,984.4
130.4 205.3
1,902.6 1,825.8
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
452.7 390.3
1,255.1 664.3
344.7 503.8
-43.3 -752.7
980.0 958.5
-26.3 -45.3
835.2 811.9
352.4 291.9
-22.2 -16.1
498.0 -65.3
149.6 50.5
348.4 -115.8
1,730.8 1,068.9
28.6 28.6
13.80 12.50
9.70 8.40
4,051.8 3,861.8
2,838.5 2,594.8
46.0 n.a.
IFRS IFRS
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
2,112.4 3,370.2
1,656.7 1,493.4
n.a. n.a.
3,769.1 4,863.6
n.a. n.a.
3,316.4 4,473.3
3,316.4 4,473.3
452.7 390.3
344.7 503.8
n.a. n.a.
-43.3 -752.7
n.a. n.a.
980.0 958.5
-3.3 -31.0
1,278.1 678.6
367.5 352.1
467.7 459.8
835.2 811.9
-23.0 -14.3
872.6 242.7
352.4 291.9
n.a. n.a.
520.2 -49.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
-22.2 -16.1
498.0 -65.3
149.6 50.5
n.a. n.a.
348.4 -115.8
0.6 3.6
n.a. n.a.
0.7 n.a.
n.a. n.a.
349.7 -112.2
n.a. -34.8
348.4 -81.0
28.6 28.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
24,119.6 29,883.6
256.2 124.4
23,863.4 29,759.2
24,119.6 29,883.6
949.6 600.0
n.a. n.a.
38,834.7 43,983.7
n.a. n.a.
42,005.1 39,940.6
21,415.7 16,022.8
146.5 331.0
3,256.5 2,756.0
2.6 5.6
n.a. n.a.
66,826.4 59,056.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,629.0 3,513.8
132,153.5 136,312.7
285.7 1,457.2
n.a. n.a.
n.a. n.a.
39.9 43.4
93.7 120.4
25.0 26.5
5.6 137.4
273.2 182.4
n.a. n.a.
406.7 329.3
133,283.3 138,609.3
23,773.4 33,745.0
n.a. n.a.
n.a. n.a.
23,773.4 33,745.0
23,225.8 30,320.1
n.a. n.a.
n.a. n.a.
46,999.2 64,065.1
25,047.2 27,102.0
1,902.6 1,825.8
n.a. n.a.
26,949.8 28,927.8
31,351.3 24,335.8
22,928.4 16,317.6
128,228.7 133,646.3
n.a. n.a.
n.a. n.a.
355.3 211.2
122.6 115.2
275.5 227.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
670.8 964.2
129,652.9 135,164.1
130.4 205.3
n.a. n.a.
3,492.7 3,135.8
0.7 98.8
2.5 1.9
4.1 3.4
n.a. n.a.
3,500.0 3,239.9
133,283.3 138,609.3
n.a. n.a.
n.a. n.a.
7.77 11.75
n.a. n.a.
2.84 3.87
2.57 3.66
0.34 0.31
0.08 0.08
0.34 0.31
73.84 63.49
48.26 75.96
0.62 0.64
26.07 7.37
0.65 0.19
40.39 120.27
15.54 -1.49
0.39 -0.04
30.04 -77.34
2.97 n.a.
1.77 n.a.
10.41 -3.51
0.26 -0.09
10.45 -3.40
0.26 -0.09
n.a. n.a.
1.18 n.a.
1.19 n.a.
n.a. n.a.
n.a. n.a.
2.34 2.10
9.70 8.40
13.80 12.50
n.a. n.a.
2.63 2.34
8.21 -24.70
8.18 -25.49
n.a. n.a.
9.14 -4.46
-3.84 30.17
-19.29 20.39
3.94 2.01
1.06 0.42
26.98 20.73
19.81 14.68
1.30 1.02
0.17 n.a.
3.94 2.01
101.46 88.56
167.21 145.06
24.54 30.87
n.a. n.a.
n.a. n.a.
648.3 855.8
n.a. n.a.
2,715.2 5,128.6
n.a. n.a.
136,646.8 144,593.7
29,413.0 23,213.0
n.a. n.a.
29,413.0 23,213.0
27,202.3 28,685.3
132,710.4 125,719.9
134,405.2 127,376.3
n.a. n.a.
129,186.4 122,071.7
3,262.3 3,262.0
3,347.1 3,295.3
29,039.7 31,098.4
2,149.3 7,140.0
2,471.3 2,163.7
12,064.1 11,364.3
7,178.7 9,215.6
n.a. 13,715.5
n.a. 28,542.1
n.a. 13,562.9
n.a. n.a.
13,025.5 14,394.1
4,411.5 5,637.7
13,257.5 13,111.0
7,840.1 10,840.9
11,981.3 n.a.
1,140.5 n.a.
5,868.1 n.a.
4,783.5 n.a.
n.a. 19,726.0
n.a. 1,888.4
n.a. 12,130.6
n.a. n.a.
16,931.4 21,526.4
1,236.7 4,032.9
4,052.6 4,760.8
1,005.1 n.a.
n.a. n.a.
4,107.5 n.a.
20,939.7 n.a.
n.a. n.a.
25,047.2 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
577.0 349.9
1,403.6 1,628.8
n.a. n.a.
1,902.6 1,825.8
n.a. n.a.
348.4 -115.8
n.a. n.a.
348.4 -115.8
3,500.0 3,239.9
n.a. n.a.
n.a. n.a.
3,500.0 3,239.9
3,500.0 3,239.9
n.a. n.a.
n.a. n.a.
93.7 120.4
25.0 26.5
273.2 182.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,112.4 3,370.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 20,911.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 3,745.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 590.2
n.a. 25,247.0
n.a. 17,518.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 49.7
n.a. 927.4
146.5 331.0
n.a. 2,755.5
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,256.5 2,756.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 5,312.5
51.7 n.a.
5.7 n.a.
46.0 n.a.
82.9 57.5
173.3 66.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
286.3 286.3
n.a. n.a.
2,987.5 2,646.0
0.0 0.0
n.a. n.a.
n.a. n.a.
0.7 98.8
3,499.3 3,141.1
3,500.0 3,239.9
2.5 1.9
4.1 3.4
n.a. n.a.
n.a. n.a.
6.6 5.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
190.3 190.3
196.9 195.6
n.a. n.a.
196.9 195.6
n.a. n.a.
3,500.0 3,239.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
28.6 28.6
28.6 28.6
n.a. n.a.
273.2 182.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,838.5 2,594.8
4,051.8 3,861.8
9.70 8.40
13.80 12.50
29,413.0 n.a.
20,713.0 n.a.
6,975.0 n.a.
1,725.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
66,826.4 59,056.0
n.a. n.a.
66,826.4 59,056.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,667 3,920
n.a. n.a.
9.70 8.40
n.a. n.a.
13.80 12.50
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
281.4 1,453.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
31/12/2009 31/12/2008
1.06 0.42
77.84 74.79
26.98 20.73
3.94 2.01
0.17 n.a.
6.56 n.a.
27.13 18.52
19.81 14.68
9.70 8.40
13.80 12.50
2.63 2.34
14.67 10.89
7.45 5.06
2.74 2.43
4.15 3.80
23.19 17.71
11.77 8.23
4.33 3.95
34.39 34.64
0.34 0.32
0.33 0.32
0.92 0.54
0.87 0.90
0.38 -0.04
-0.13 -0.05
0.26 -0.09
10.34 -3.54
8.21 -24.70
9.49 -4.42
-6.37 13.90
48.91 76.99
0.64 0.20
167.21 145.06
17.90 21.47
50.77 46.45
18.89 22.58
172.61 133.27
64.22 64.77
Source
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
Source
VI
VI
VI
VI
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
24,703.1 22,263.1
24,821.4 22,442.1
118.3 179.0
80,242.6 81,383.2
45,980.6 46,424.3
3,924.3 1,945.2
30,279.8 32,793.6
57.9 220.1
104,945.7 103,646.3
35.3 315.0
1,501.2 966.8
106,482.2 104,928.1
51,970.8 57,121.5
26,610.8 25,983.9
25,360.0 31,137.6
n.a. n.a.
49,774.8 43,505.6
4,958.4 1,894.9
12,998.6 7,190.1
31,817.8 34,420.6
1,064.5 1,024.9
n.a. n.a.
375.3 351.8
3,296.8 2,924.3
106,482.2 104,928.1
57.9 70.9
118.3 179.0
57,576.3 54,489.6
140.7 136.4
4,499.0 4,676.0
808.0 807.9
1,263.3 1,273.5
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
203.0 255.8
1,420.3 977.1
495.1 472.1
-254.9 -451.6
984.5 883.2
195.6 73.4
729.2 863.6
-32.1 -2.2
-418.5 59.5
507.7 431.0
97.1 102.4
410.6 328.6
1,630.4 1,233.4
28.6 28.6
16.51 11.20
9.28 6.80
3,732.8 3,699.0
2,098.7 2,110.0
-49.0 n.a.
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
2,569.5 2,411.3
1,139.2 1,517.0
n.a. n.a.
3,708.7 3,928.3
n.a. n.a.
3,505.7 3,672.5
3,505.7 3,672.5
203.0 255.8
495.1 472.1
1.7 -1.0
-254.9 -451.6
n.a. n.a.
984.5 883.2
201.0 74.9
1,427.4 977.6
329.9 301.5
399.3 562.1
729.2 863.6
-7.1 -0.5
894.1 369.3
-32.1 -2.2
n.a. n.a.
926.2 371.5
n.a. n.a.
n.a. -1.6
402.4 20.0
n.a. n.a.
-16.1 81.1
507.7 431.0
97.1 102.4
n.a. n.a.
410.6 328.6
-4.3 -9.8
n.a. n.a.
-0.9 -1.2
n.a. n.a.
405.4 317.6
4.4 n.a.
406.2 328.6
28.6 28.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
24,821.4 22,442.1
118.3 179.0
24,703.1 22,263.1
24,821.4 22,442.1
57.9 70.9
n.a. n.a.
45,980.6 46,424.3
n.a. n.a.
10,811.8 7,809.0
3,924.3 1,945.2
19,456.3 24,963.6
n.a. n.a.
11.7 21.0
n.a. n.a.
34,204.1 34,738.8
n.a. 121.2
n.a. n.a.
n.a. 172.0
n.a. n.a.
57.9 48.1
104,945.7 103,646.3
783.9 256.3
n.a. n.a.
n.a. n.a.
35.3 315.0
118.6 118.6
22.1 17.8
171.9 97.4
78.4 163.9
n.a. n.a.
326.3 312.8
106,482.2 104,928.1
26,610.8 25,983.9
n.a. n.a.
n.a. n.a.
26,610.8 25,983.9
25,360.0 31,137.6
n.a. n.a.
n.a. n.a.
51,970.8 57,121.5
29,746.5 32,339.2
1,263.3 1,273.5
n.a. n.a.
31,009.8 33,612.7
4,958.4 1,894.9
12,998.6 7,190.1
100,937.6 99,819.2
n.a. n.a.
n.a. n.a.
375.3 351.8
86.4 71.6
190.0 220.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
788.1 732.9
102,377.4 101,195.9
808.0 807.9
n.a. n.a.
3,298.2 2,920.6
0.8 0.7
-1.7 2.6
n.a. n.a.
-0.5 0.4
3,296.8 2,924.3
106,482.2 104,928.1
n.a. n.a.
n.a. n.a.
11.81 11.17
n.a. n.a.
3.62 3.63
3.63 3.51
0.20 0.24
0.23 0.24
0.20 0.24
87.55 79.26
44.73 70.02
0.70 0.79
27.94 13.28
0.86 0.34
-3.59 -0.60
28.94 13.36
0.89 0.34
19.13 23.76
3.95 1.38
4.10 1.39
12.83 11.82
0.40 0.30
12.67 11.42
0.39 0.29
n.a. n.a.
1.82 1.23
1.79 1.19
n.a. n.a.
n.a. n.a.
2.90 2.51
9.28 6.80
16.51 11.20
n.a. n.a.
3.10 2.79
6.97 8.70
7.05 9.01
n.a. n.a.
11.59 10.26
1.48 -8.74
10.60 8.23
0.23 0.32
0.48 0.80
204.32 252.47
-1.83 -3.70
-0.15 -0.01
-0.23 n.a.
0.23 0.32
93.28 86.37
181.31 149.09
27.73 26.53
n.a. n.a.
n.a. n.a.
1,787.4 2,246.9
n.a. n.a.
2,458.5 2,324.2
253.1 104.9
110,981.2 109,604.1
22,612.5 26,689.0
n.a. n.a.
22,612.5 26,689.0
21,748.1 21,588.6
102,574.4 108,169.3
103,775.4 109,955.0
n.a. n.a.
96,560.3 104,537.2
3,199.6 2,770.7
3,200.3 2,779.9
26,475.9 26,774.3
8,100.8 6,093.9
1,542.3 2,353.7
8,781.6 7,595.0
6,396.7 6,399.5
8,011.5 6,222.4
13,312.2 9,903.1
12,305.0 16,543.8
n.a. n.a.
16,659.7 13,348.6
6,589.9 6,521.9
12,703.8 13,840.4
10,027.2 12,713.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
11,709.8 10,025.6
1,367.5 975.7
13,533.5 14,982.6
n.a. n.a.
16,880.1 18,693.4
2,467.8 5,658.6
6,012.1 6,785.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
155.7 155.5
1,863.2 1,873.6
n.a. n.a.
1,263.3 1,273.5
n.a. n.a.
410.6 328.6
n.a. n.a.
n.a. n.a.
3,296.8 2,924.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,296.8 2,924.3
n.a. n.a.
n.a. n.a.
118.6 118.6
22.1 17.8
78.4 163.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 518.1
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,569.5 2,411.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
9,093.9 6,974.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,498.8 527.5
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
219.1 307.3
10,811.8 7,809.0
15,811.7 20,040.1
n.a. 121.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
378.0 375.7
3,266.6 4,426.6
19,456.3 24,963.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 121.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,362.5 5,637.1
1.3 n.a.
50.3 n.a.
-49.0 n.a.
83.0 73.4
35.3 106.7
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
476.6 476.6
12.3 n.a.
2,809.3 2,444.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.8 0.7
3,296.0 2,923.6
3,298.2 2,920.6
-1.7 2.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
-1.7 2.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
-1.7 2.6
n.a. n.a.
-1.7 2.6
n.a. n.a.
3,296.8 2,924.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
28.6 28.6
28.6 28.6
n.a. n.a.
78.4 163.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 518.1
n.a. 518.1
n.a. 518.1
2,098.7 2,110.0
3,732.8 3,699.0
9.28 6.80
16.51 11.20
22,612.5 26,689.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
27.9 n.a.
34,204.1 34,738.8
n.a. n.a.
34,204.1 34,738.8
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,553 3,453
n.a. n.a.
9.28 6.80
n.a. n.a.
16.51 11.20
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
780.3 252.5
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
31/12/2007 31/12/2006
0.48 0.80
-15.81 -0.86
204.32 252.47
0.23 0.32
-0.21 n.a.
-12.95 n.a.
1.76 2.43
n.a. n.a.
9.28 6.80
16.51 11.20
3.10 2.79
13.35 13.14
6.34 5.12
3.26 2.93
5.04 4.77
21.73 22.48
10.33 8.76
5.31 5.01
23.53 25.44
0.20 0.24
0.19 0.23
1.34 0.89
0.66 0.78
0.88 0.34
-0.49 -0.04
0.39 0.30
13.20 11.82
6.97 8.70
12.28 10.79
-101.92 18.11
44.92 70.05
0.85 0.34
181.31 149.09
23.20 21.22
47.53 38.98
24.78 22.59
110.79 95.39
57.76 55.29
IFRS IFRS
Unqualified Audited
Original Original
31/12/2005 31/12/2004
12 months 12 months
mil EUR mil EUR
20,509.7 22,430.3
20,735.0 22,701.0
225.3 270.7
92,182.6 91,103.8
49,014.5 48,345.5
2,636.8 2,308.2
39,946.0 40,243.1
585.3 207.0
112,692.3 113,534.1
379.2 474.3
1,910.4 2,466.1
114,981.9 116,474.5
58,631.8 60,646.7
27,564.6 27,785.6
31,067.2 32,861.1
n.a. n.a.
51,431.3 50,581.9
2,556.8 2,252.6
6,150.8 2,921.2
42,723.7 45,408.1
1,558.2 1,633.5
n.a. n.a.
725.2 956.0
2,635.4 2,656.4
114,981.9 116,474.5
193.0 n.a.
225.3 270.7
54,929.1 52,683.3
136.5 166.3
3,914.5 4,238.6
807.9 807.8
1,374.4 1,150.6
Unqualified Audited
Original Original
31/12/2005 31/12/2004
12 months 12 months
mil EUR mil EUR
408.7 299.9
795.9 1,048.6
-31.0 220.6
11.7 -80.0
772.8 748.6
42.4 159.4
803.2 1,298.0
-36.1 58.8
-33.5 -51.1
404.0 -59.4
83.4 -0.8
320.6 -58.6
1,216.0 1,358.1
28.6 28.6
13.30 14.20
7.80 7.70
3,668.0 3,583.0
2,121.0 2,029.0
n.a. n.a.
IFRS IFRS
Unqualified Audited
Original Original
31/12/2005 31/12/2004
12 months 12 months
mil EUR mil EUR
2,475.2 2,221.4
1,755.9 1,413.2
n.a. n.a.
4,231.1 3,634.6
n.a. n.a.
3,822.4 3,334.7
3,822.4 3,334.7
408.7 299.9
-31.0 220.6
5.2 107.7
11.7 -80.0
n.a. n.a.
772.8 748.6
48.6 61.3
807.3 1,058.2
285.2 281.9
518.0 1,016.1
803.2 1,298.0
-11.4 -9.6
401.4 50.5
-36.1 58.8
n.a. n.a.
437.5 -8.3
n.a. n.a.
0.0 n.a.
14.3 n.a.
n.a. n.a.
-19.2 -51.1
404.0 -59.4
83.4 -0.8
n.a. n.a.
320.6 -58.6
-463.5 475.9
n.a. n.a.
-0.2 1.8
n.a. n.a.
-143.1 419.1
n.a. n.a.
320.6 -58.6
28.6 28.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
20,735.0 22,701.0
225.3 270.7
20,509.7 22,430.3
20,735.0 22,701.0
193.0 n.a.
n.a. n.a.
49,014.5 48,345.5
n.a. n.a.
5,473.4 3,193.9
2,636.8 2,308.2
34,416.3 37,049.2
n.a. n.a.
56.3 0.0
n.a. n.a.
42,582.8 42,551.3
360.9 17,945.2
n.a. n.a.
536.7 167.0
n.a. n.a.
48.6 40.0
112,692.3 113,534.1
441.2 1,143.9
n.a. n.a.
n.a. n.a.
379.2 474.3
118.6 143.6
17.9 22.7
116.6 8.2
974.5 936.1
n.a. n.a.
241.6 211.6
114,981.9 116,474.5
27,564.6 27,785.6
n.a. n.a.
n.a. n.a.
27,564.6 27,785.6
31,067.2 32,861.1
n.a. n.a.
n.a. n.a.
58,631.8 60,646.7
40,541.4 43,449.7
1,374.4 1,150.6
n.a. n.a.
41,915.8 44,600.3
2,556.8 2,252.6
6,150.8 2,921.2
109,255.2 110,420.8
n.a. n.a.
n.a. n.a.
725.2 956.0
49.6 103.9
890.5 883.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
618.1 646.4
111,538.6 113,010.3
807.9 807.8
n.a. 209.3
2,620.7 1,968.7
0.7 0.7
12.4 475.9
n.a. n.a.
1.6 1.8
2,635.4 2,447.1
114,981.9 116,474.5
n.a. n.a.
n.a. n.a.
11.40 n.a.
n.a. n.a.
3.74 n.a.
3.48 n.a.
0.36 n.a.
0.39 n.a.
0.36 n.a.
66.39 77.92
66.05 95.57
0.69 n.a.
15.80 n.a.
0.35 n.a.
-8.99 116.44
17.22 n.a.
0.38 n.a.
20.64 1.35
1.57 0.20
1.71 -0.03
12.62 n.a.
0.28 n.a.
-5.63 n.a.
-0.12 n.a.
n.a. n.a.
1.25 -0.23
-0.56 1.67
n.a. n.a.
n.a. n.a.
2.10 1.92
7.80 7.70
13.30 14.20
n.a. n.a.
2.29 2.10
8.92 -48.81
-19.99 6.82
n.a. n.a.
11.08 -3.56
-1.28 n.a.
-8.66 n.a.
0.93 n.a.
1.09 1.19
116.74 n.a.
-1.23 n.a.
-0.17 n.a.
n.a. n.a.
0.93 n.a.
75.22 81.70
157.77 147.12
25.83 25.69
n.a. n.a.
n.a. n.a.
1,284.5 1,612.6
n.a. n.a.
2,241.9 2,579.1
388.1 46.9
118,896.4 120,713.1
25,600.0 25,118.3
n.a. n.a.
25,600.0 25,118.3
21,718.0 n.a.
113,113.2 n.a.
115,728.2 n.a.
n.a. n.a.
109,838.0 n.a.
2,294.7 n.a.
2,541.3 n.a.
27,675.1 n.a.
5,284.9 6,654.4
1,727.4 2,673.3
7,327.4 6,859.2
6,395.3 6,514.1
5,923.3 3,049.8
9,271.1 3,862.4
24,502.5 0.0
n.a. n.a.
14,877.0 19,011.1
5,903.7 3,434.1
14,413.1 13,753.4
13,820.7 12,147.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
10,952.4 11,579.1
807.4 1,107.9
15,804.8 15,098.6
n.a. n.a.
19,332.2 20,830.0
4,093.7 3,169.7
7,641.3 8,861.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
208.4 103.6
1,921.6 2,012.0
n.a. n.a.
1,374.4 1,150.6
n.a. n.a.
320.6 -58.6
n.a. n.a.
n.a. n.a.
2,635.4 2,447.1
n.a. 209.3
n.a. n.a.
n.a. n.a.
2,635.4 2,447.1
n.a. n.a.
n.a. n.a.
118.6 143.6
17.9 22.7
84.0 53.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
569.4 566.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,475.2 2,221.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,426.6 3,163.1
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
46.3 30.8
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.5 n.a.
5,473.4 3,193.9
28,689.8 n.a.
360.9 17,945.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
267.5 244.3
5,098.1 18,859.7
34,416.3 37,049.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
360.9 17,945.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,412.4 19,134.8
n.a. n.a.
n.a. n.a.
n.a. n.a.
48.4 52.3
184.2 234.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
476.6 476.6
51.3 51.3
2,092.8 1,440.8
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.7 0.7
2,634.7 2,446.4
2,620.7 1,968.7
12.4 475.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
12.4 475.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
12.4 475.9
n.a. n.a.
12.4 475.9
n.a. 209.3
2,635.4 2,656.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
28.6 28.6
28.6 28.6
n.a. n.a.
84.0 53.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
569.4 566.4
569.4 566.4
569.4 566.4
2,121.0 2,029.0
3,668.0 3,583.0
7.80 7.70
13.30 14.20
25,600.0 25,118.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
42,582.8 42,551.3
n.a. n.a.
42,582.8 42,551.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,453 3,365
n.a. n.a.
7.80 7.70
n.a. n.a.
13.30 14.20
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
437.2 1,140.1
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Audited
31/12/2005 31/12/2004
1.09 1.19
-8.83 19.61
116.74 n.a.
0.93 n.a.
n.a. n.a.
n.a. n.a.
7.32 n.a.
n.a. n.a.
7.80 7.70
13.30 14.20
2.29 2.28
12.85 11.84
4.50 4.38
2.39 2.38
4.19 3.96
23.49 20.57
8.22 7.61
4.37 4.13
28.53 24.93
0.36 0.26
0.35 0.26
0.69 0.90
0.66 1.17
0.38 -0.01
-0.10 -0.04
0.28 -0.05
12.12 -2.21
8.92 -48.81
11.04 -3.28
-10.45 87.20
66.68 96.26
0.35 0.04
157.77 147.12
17.84 19.26
34.98 36.99
19.01 20.53
93.69 86.87
50.92 48.21
WGZ-Bank AG Westdeutsche Genossenschafts-Zentralbank
40227 DÜSSELDORF 1
GERMANY
The GUO of this controlled subsidiary is WGZ BETEILIGUNGS GMBH & CO. KG
Contact details
Ludwig-Erhard-Allee, 20
40227 DÜSSELDORF 1
GERMANY
Bank History :
Established in 1970, as the result of the merger between Jahrhundert Gegründeten Ländlichen Centralkasse, Genossenschaftlichen
Status
Accounting Standards
Accounts published in
Name of the Auditor
Types of accounts available
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
Date
1 27/06/2012
2 25/05/2012
3 23/05/2012
4 20/03/2012
5 15/02/2012
6 30/01/2012
7 26/03/2010
8 01/12/2009
9 02/09/2009
10 02/09/2009
11 30/06/2008
12 25/06/2008
13 28/11/2007
14 16/12/2004
15 29/04/2004
16 05/08/2003
Source : Zephyr
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
1.
se, Genossenschaftlichen Zentralbank Rheinland, and Zentralkasse Westdeutscher Volksbanken. In August 2005 WGZ-Bank Westdetsche Geno
Active
International Financial Reporting Standards (IFRS)
mil EUR
Deloitte & Touche GmbH
Cons., Uncons. & Add. Cons.
43
Cooperative Bank
nager for more information.
Phone number
Fax number
Web Site Address
-Bank Westdetsche Genossenschafts-Zentralbank eG became a public limited company and changed its name to WGZ-Bank AG Westdeutsche G
Consolidation Code
g Standards (IFRS) Nickname
Source
Release Date
Model
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
36,228.0
36,482.5
254.5
56,859.0
24,439.7
768.4
31,513.7
137.2
93,087.0
70.0
788.3
93,945.3
57,079.5
19,935.7
37,143.8
n.a.
33,815.2
998.5
5,764.1
27,052.6
174.9
n.a.
200.6
2,675.1
93,945.3
n.a.
254.5
33,010.0
13.0
n.a.
0.0
830.0
Unqualified
Original
31/12/2011
12 months
mil EUR
438.4
-596.0
-678.1
n.a.
63.5
18.6
266.4
9.2
n.a.
-433.2
-193.5
-239.7
-157.6
n.a.
12.30
9.40
2,295.0
1,759.0
n.a.
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
2,204.2
656.6
84.7
2,945.5
n.a.
2,507.1
2,507.1
438.4
-678.1
-2.3
n.a.
n.a.
63.5
20.9
-596.0
132.9
133.5
266.4
n.a.
-424.0
9.2
n.a.
-433.2
n.a.
n.a.
n.a.
n.a.
n.a.
-433.2
-193.5
n.a.
-239.7
-38.8
n.a.
n.a.
n.a.
-278.5
n.a.
-239.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
36,482.5
254.5
36,228.0
36,482.5
n.a.
n.a.
24,439.7
n.a.
8,518.8
768.4
n.a.
n.a.
22,994.9
n.a.
32,282.1
n.a.
n.a.
5.2
n.a.
132.0
93,087.0
51.5
n.a.
n.a.
70.0
n.a.
13.0
138.0
449.8
n.a.
136.0
93,945.3
19,935.7
n.a.
n.a.
19,935.7
37,143.8
n.a.
n.a.
57,079.5
26,222.6
830.0
n.a.
27,052.6
998.5
5,764.1
90,894.7
n.a.
n.a.
200.6
7.6
n.a.
n.a.
n.a.
n.a.
167.3
91,270.2
0.0
n.a.
2,871.1
-37.1
-158.9
n.a.
n.a.
2,675.1
93,945.3
2,518.2
2,518.2
6.22
n.a.
3.19
2.82
0.47
0.46
0.47
378.17
-169.04
0.29
-14.22
-0.46
-2.17
-14.53
-0.47
44.67
-2.27
-2.31
-8.04
-0.26
-9.34
-0.30
n.a.
-1.28
-1.49
13.46
13.46
2.37
9.40
12.30
n.a.
2.85
n.a.
n.a.
n.a.
-8.96
-0.14
4.88
n.a.
0.70
n.a.
n.a.
0.03
n.a.
n.a.
183.00
65.80
22.18
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
93,945.3
18,712.8
n.a.
18,712.8
35,451.4
92,367.9
93,101.4
n.a.
88,975.5
3,112.2
2,981.1
19,132.4
2,548.6
3,116.9
10,785.4
20,031.6
n.a.
n.a.
n.a.
n.a.
5,465.9
1,684.1
7,880.6
9,409.1
4,769.8
398.1
14,767.8
n.a.
n.a.
n.a.
n.a.
n.a.
11,380.9
6,566.2
19,826.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
830.0
n.a.
-239.7
n.a.
-239.7
2,675.1
n.a.
n.a.
2,675.1
2,675.1
-96.9
0.0
0.0
13.0
47.0
0.0
0.0
2,518.2
0.0
0.0
2,518.2
1,079.2
n.a.
n.a.
n.a.
n.a.
2,204.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
254.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
649.4
n.a.
1,809.6
50.1
n.a.
n.a.
-37.1
2,712.2
2,675.1
-158.9
n.a.
n.a.
n.a.
-158.9
n.a.
n.a.
n.a.
362.0
203.1
n.a.
203.1
n.a.
2,675.1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
449.8
n.a.
n.a.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1,759.0
2,295.0
9.40
12.30
18,712.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
32,282.1
n.a.
32,282.1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,587
n.a.
9.40
n.a.
12.30
n.a.
n.a.
n.a.
n.a.
n.a.
51.5
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2011
0.70
2.10
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
9.40
12.30
2.85
7.38
4.69
2.96
3.73
9.68
6.14
3.88
23.68
0.47
0.47
-0.63
0.29
n.a.
0.21
-0.26
-8.36
n.a.
n.a.
n.a.
n.a.
-0.45
65.80
38.56
63.47
40.22
57.83
36.65
. 1601376630)
. 1601375891)
Equistone Private Partners (deal no. 1601379973)
placing (deal no. 1601351392)
nternational (deal no. 1601262614)
1601338629)
2633)
1107108)
cherung (deal no. 1601109017)
perative insurance sector (deal no. 1601109019)
deal no. 645371)
al no. 1601001051)
13
13
188
192
pe)
ction/Direction Outlook
Stable
IFRS IFR
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
34,482.3 32,467.
34,784.6 32,920.
302.3 452.
58,907.2 62,448.
23,104.5 23,901.
546.0 322.
32,235.6 38,093.
3,021.1 131.
93,389.5 94,916.
72.0 76.
619.8 650.
94,081.3 95,643.
54,794.7 57,924.
18,358.8 20,024.
36,435.9 37,900.
n.a. n.a
33,378.2 34,385.
498.2 377.
4,062.9 3,653.
28,817.1 30,354.
2,657.7 105.
n.a. n.a
191.5 181.
3,059.2 3,046.
94,081.3 95,643.
n.a. n.a
302.3 452.
31,331.7 31,906.
13.3 14.
n.a. n.a
0.0 0.
999.5 1,104.
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
414.9 433.
42.8 332.
-49.7 272.
n.a. n.a
79.0 69.
13.5 -9.
266.0 280.
28.1 127.
n.a. n.a
163.6 358.
21.6 70.
142.0 287.
457.7 765.
n.a. n.a
13.90 13.5
10.30 9.7
2,453.0 2,540.
1,818.0 2,483.
n.a. n.a
IFRS IFR
Unqualified Unqualifie
Original Origina
31/12/2010 31/12/200
12 months 12 month
mil EUR mil EU
2,116.2 2,203.
766.5 1,082.
66.4 n.a
2,949.1 3,286.
n.a. n.a
2,534.2 2,853.
2,534.2 2,853.
414.9 433.
-49.7 272.
7.4 -10.
n.a. n.a
n.a. n.a
79.0 69.
6.1 1.
42.8 332.
137.1 132.
128.9 148.
266.0 280.
n.a. n.a
191.7 485.
28.1 127.
n.a. n.a
163.6 358.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
163.6 358.
21.6 70.
n.a. n.a
142.0 287.
-77.6 17.
n.a. n.a
n.a. n.a
n.a. n.a
64.4 305.
-6.7 2.
148.7 285.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
34,784.6 32,920.
302.3 452.
34,482.3 32,467.
34,784.6 32,920.
n.a. n.a
n.a. n.a
23,104.5 23,901.
n.a. n.a
8,073.7 7,765.
546.0 322.
n.a. n.a
n.a. n.a
24,161.9 30,327.
n.a. n.a
32,781.6 38,415.
n.a. n.a
n.a. n.a
9.3 9.
n.a. n.a
3,011.8 122.
93,389.5 94,916.
153.5 239.
n.a. n.a
n.a. n.a
72.0 76.
n.a. n.a
13.3 14.
119.2 159.
228.1 114.
n.a. n.a
105.7 122.
94,081.3 95,643.
18,358.8 20,024.
n.a. n.a
n.a. n.a
18,358.8 20,024.
36,435.9 37,900.
n.a. n.a
n.a. n.a
54,794.7 57,924.
27,817.6 29,188.
999.5 1,104.
n.a. 61.
28,817.1 30,354.
498.2 377.
4,062.9 3,653.
88,172.9 92,309.
n.a. n.a
n.a. n.a
191.5 181.
57.2 23.
n.a. 23.
n.a. n.a
n.a. n.a
n.a. n.a
2,600.5 58.
91,022.1 92,596.
0.0 0.
n.a. n.a
3,143.9 3,037.
35.4 52.
-120.1 -42.
n.a. n.a
n.a. n.a
3,059.2 3,046.
94,081.3 95,643.
2,909.8 2,918.
2,909.8 2,918.
6.18 7.1
n.a. n.a
3.07 3.5
2.73 3.1
0.43 0.4
0.40 0.3
0.43 0.4
9.35 43.4
58.12 36.6
0.27 0.3
6.34 17.5
0.20 0.5
14.66 26.1
5.41 12.9
0.17 0.3
13.20 19.6
1.09 2.5
0.93 1.8
4.70 10.3
0.15 0.3
2.13 11.0
0.07 0.3
n.a. n.a
0.80 1.5
0.36 1.6
16.49 15.3
16.49 15.3
3.00 3.0
10.30 9.7
13.90 13.5
n.a. n.a
3.25 3.1
n.a. n.a
n.a. n.a
n.a. n.a
4.64 9.4
-1.63 3.2
5.66 12.7
n.a. n.a
0.87 1.3
n.a. n.a
n.a. n.a
0.08 0.4
n.a. n.a
n.a. n.a
189.47 164.4
63.41 63.0
20.94 21.7
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
94,081.3 95,643.
17,650.5 18,981.
n.a. n.a
17,650.5 18,981.
34,258.8 30,960.
96,143.0 93,940.
96,870.6 94,642.
n.a. n.a
92,706.1 91,600.
3,035.6 2,756.
3,022.7 2,773.
19,669.1 19,794.
2,796.3 2,420.
2,543.1 2,466.
10,684.3 9,519.
18,760.9 18,514.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,591.4 2,831.
1,690.8 2,314.
8,158.6 7,734.
10,663.7 11,021.
2,308.5 3,127.
745.0 851.
1,988.3 1,964.
13,317.0 10,255.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
9,499.6 9,833.
5,277.1 8,156.
7,259.1 6,743.
14,400.1 13,166.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
999.5 1,104.
n.a. n.a
142.0 287.
n.a. n.a
142.0 287.
3,059.2 3,046.
n.a. n.a
n.a. n.a
3,059.2 3,046.
3,059.2 3,046.
-122.7 0.
0.0 0.
0.0 0.
13.3 14.
13.4 114.
0.0 0.
0.0 0.
2,909.8 2,918.
0.0 0.
0.0 0.
2,909.8 2,918.
1,247.1 1,250.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
2,116.2 2,203.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
302.3 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
649.4 649.
n.a. n.a
2,049.3 1,950.
67.6 68.
n.a. n.a
n.a. n.a
35.4 52.
3,023.8 2,994.
3,059.2 3,046.
-120.1 -42.
n.a. n.a
n.a. n.a
n.a. n.a
-120.1 -42.
n.a. n.a
n.a. n.a
n.a. n.a
377.6 369.
257.5 327.
n.a. n.a
257.5 327.
n.a. n.a
3,059.2 3,046.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
228.1 114.
n.a. n.a
n.a. n.a
0.0 0.
0.0 0.
0.0 0.
0.0 0.
0.0 0.
0.0 0.
0.0 0.
1,818.0 2,483.
2,453.0 2,540.
10.30 9.7
13.90 13.5
17,650.5 18,981.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
32,781.6 38,415.
n.a. n.a
32,781.6 38,415.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,573 1,54
n.a. n.a
10.30 9.7
n.a. n.a
13.90 13.5
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
153.5 236.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Unqualifie
31/12/2010 31/12/200
0.87 1.3
6.77 29.3
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
10.30 9.7
13.90 13.5
3.25 3.1
8.87 9.3
5.58 5.2
3.40 3.3
4.31 4.3
11.77 12.7
7.41 7.1
4.51 4.5
24.63 26.6
0.44 0.4
0.44 0.4
0.05 0.3
0.31 0.4
n.a. n.a
-0.02 -0.0
0.15 0.3
4.65 10.2
n.a. n.a
n.a. n.a
n.a. n.a
58.12 36.6
0.20 0.5
63.41 63.0
36.65 33.9
62.93 56.0
39.56 35.6
57.18 55.0
35.94 34.9
Body
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
SupB
ExeB
ExeB
ExeB
ExeB
ExeB
ExeB
Dept
SenMan
utlook Watch
able
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
32,467.8 28,816.1
32,920.3 29,187.1
452.5 371.0
62,448.7 63,049.0
23,901.5 25,650.8
322.0 248.1
38,093.3 37,054.0
131.9 96.1
94,916.5 91,865.1
76.3 81.4
650.5 705.7
95,643.3 92,652.2
57,924.2 58,704.0
20,024.0 19,389.5
37,900.2 39,314.5
n.a. n.a.
34,385.1 31,117.3
377.2 251.2
3,653.1 4,229.7
30,354.8 26,636.4
105.6 108.4
n.a. n.a.
181.7 164.7
3,046.7 2,557.8
95,643.3 92,652.2
n.a. n.a.
452.5 371.0
31,906.9 33,830.7
14.4 14.9
n.a. n.a.
0.0 n.a.
1,104.1 1,054.3
Unqualified Unqualified
Original Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
433.0 500.6
332.6 -487.2
272.2 -548.1
n.a. n.a.
69.5 80.8
-9.1 -19.9
280.4 250.2
127.0 93.2
n.a. n.a.
358.2 -330.0
70.3 -135.0
287.9 -195.0
765.6 13.4
n.a. n.a.
13.50 9.60
9.70 7.00
2,540.0 n.a.
2,483.0 n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2009 31/12/2008
12 months 12 months
mil EUR mil EUR
2,203.8 4,032.6
1,082.4 95.2
n.a. n.a.
3,286.2 4,127.8
n.a. n.a.
2,853.2 3,627.2
2,853.2 3,627.2
433.0 500.6
272.2 -548.1
-10.9 -46.4
n.a. n.a.
n.a. n.a.
69.5 80.8
1.8 26.5
332.6 -487.2
132.3 120.1
148.1 130.1
280.4 250.2
n.a. n.a.
485.2 -236.8
127.0 93.2
n.a. n.a.
358.2 -330.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
358.2 -330.0
70.3 -135.0
n.a. n.a.
287.9 -195.0
17.7 -52.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
305.6 -247.4
2.6 n.a.
285.3 -195.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
32,920.3 29,187.1
452.5 371.0
32,467.8 28,816.1
32,920.3 29,187.1
n.a. n.a.
n.a. n.a.
23,901.5 25,650.8
n.a. n.a.
7,765.9 7,926.8
322.0 248.1
n.a. n.a.
n.a. n.a.
30,327.4 29,127.2
n.a. n.a.
38,415.3 37,302.1
n.a. n.a.
n.a. n.a.
9.4 9.6
n.a. n.a.
122.5 86.5
94,916.5 91,865.1
239.5 253.1
n.a. n.a.
n.a. n.a.
76.3 81.4
n.a. 0.0
14.4 14.9
159.9 171.7
114.2 129.4
n.a. n.a.
122.5 136.6
95,643.3 92,652.2
20,024.0 19,389.5
n.a. n.a.
n.a. n.a.
20,024.0 19,389.5
37,900.2 39,314.5
n.a. n.a.
n.a. n.a.
57,924.2 58,704.0
29,188.9 25,509.8
1,104.1 1,054.3
61.8 72.3
30,354.8 26,636.4
377.2 251.2
3,653.1 4,229.7
92,309.3 89,821.3
n.a. n.a.
n.a. n.a.
181.7 164.7
23.9 22.0
23.1 0.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
58.6 86.4
92,596.6 90,094.4
0.0 n.a.
n.a. n.a.
3,037.2 2,568.3
52.0 49.7
-42.5 -60.2
n.a. n.a.
n.a. 0.0
3,046.7 2,557.8
95,643.3 92,652.2
2,918.1 2,413.5
2,918.1 2,413.5
7.12 14.38
n.a. n.a.
3.50 4.57
3.11 4.13
0.46 0.55
0.33 0.45
0.46 0.55
43.44 n.s.
36.62 n.s.
0.30 0.28
17.50 -8.64
0.51 -0.26
26.17 -39.36
12.92 -12.04
0.38 -0.36
19.63 40.91
2.56 n.a.
1.89 n.a.
10.38 -7.12
0.30 -0.21
11.02 -9.03
0.32 -0.27
n.a. n.a.
1.52 n.a.
1.61 n.a.
15.37 n.a.
15.37 n.a.
3.06 2.75
9.70 7.00
13.50 9.60
n.a. n.a.
3.19 2.76
n.a. n.a.
n.a. n.a.
n.a. n.a.
9.45 -7.62
3.23 4.52
12.79 9.47
n.a. n.a.
1.37 1.27
n.a. n.a.
n.a. n.a.
0.41 0.33
n.a. n.a.
n.a. n.a.
164.40 150.53
63.06 65.25
21.78 21.65
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
95,643.3 92,652.2
18,981.0 n.a.
n.a. n.a.
18,981.0 n.a.
30,960.6 28,043.7
93,940.9 90,296.7
94,642.5 90,899.5
n.a. n.a.
91,600.3 87,864.0
2,756.2 2,738.5
2,773.2 2,740.3
19,794.5 18,022.4
2,420.8 2,241.0
2,466.2 2,000.1
9,519.1 8,148.4
18,514.2 15,394.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,831.3 3,985.9
2,314.1 3,232.8
7,734.7 7,808.6
11,021.4 9,459.4
3,127.6 n.a.
851.2 n.a.
1,964.0 n.a.
10,255.2 n.a.
n.a. 3,314.7
n.a. 1,072.3
n.a. 1,926.4
n.a. 10,269.7
9,833.3 12,240.8
8,156.9 8,701.0
6,743.1 5,529.4
13,166.9 9,243.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,104.1 1,054.3
n.a. n.a.
287.9 -195.0
n.a. n.a.
287.9 n.a.
3,046.7 2,557.8
n.a. n.a.
n.a. n.a.
3,046.7 n.a.
3,046.7 2,557.8
0.0 0.0
0.0 0.0
0.0 0.0
14.4 14.9
114.2 129.4
0.0 0.0
0.0 0.0
2,918.1 2,413.5
0.0 0.0
0.0 0.0
2,918.1 2,413.5
1,250.6 1,034.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,203.8 4,032.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
649.4 604.6
n.a. n.a.
1,950.1 1,963.7
68.0 n.a.
n.a. n.a.
n.a. n.a.
52.0 49.7
2,994.7 2,508.1
3,046.7 2,557.8
-42.5 -60.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
-42.5 -60.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
369.7 n.a.
327.2 -60.2
n.a. n.a.
327.2 -60.2
n.a. n.a.
3,046.7 2,557.8
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
114.2 n.a.
n.a. n.a.
n.a. n.a.
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
2,483.0 n.a.
2,540.0 n.a.
9.70 7.00
13.50 9.60
18,981.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
38,415.3 37,302.1
n.a. n.a.
38,415.3 37,302.1
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,544 1,530
n.a. n.a.
9.70 7.00
n.a. n.a.
13.50 9.60
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
236.9 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
31/12/2009 31/12/2008
1.38 1.27
29.33 18.62
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
9.70 7.00
13.50 9.60
3.19 2.76
9.38 8.88
5.26 4.36
3.33 2.87
4.34 3.90
12.78 12.54
7.17 6.15
4.54 4.06
26.60 29.19
0.46 0.56
0.46 0.55
0.35 -0.54
0.43 0.38
n.a. n.a.
-0.08 0.15
0.31 -0.22
10.27 -7.19
n.a. n.a.
n.a. n.a.
n.a. n.a.
36.63 n.s.
0.52 -0.26
63.06 65.25
33.95 31.10
56.05 49.09
35.60 32.46
55.08 57.63
34.98 38.11
Source
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
Source
VI
IFRS IFR
Unqualified Audite
Original Origina
31/12/2007 31/12/200
12 months 12 month
mil EUR mil EU
26,355.1 25,527.
26,662.3 25,869.
307.2 341.
61,747.3 55,132.
26,533.8 25,860.
156.9 101.
7,597.1 4,389.
27,459.5 24,780.
88,102.4 80,660.
96.9 98.
446.1 438.
88,645.4 81,197.
53,372.6 45,923.
16,411.4 14,448.
36,961.2 31,475.
n.a. n.a
32,051.9 32,076.
194.1 192.
1,842.8 1,683.
30,015.0 30,200.
180.8 184.
n.a. n.a
171.6 199.
2,868.5 2,813.
88,645.4 81,197.
n.a. n.a
307.2 341.
34,263.4 30,370.
14.6 12.
n.a. n.a
n.a. n.a
1,047.1 928.
Unqualified Audite
Original Origina
31/12/2007 31/12/200
12 months 12 month
mil EUR mil EU
426.9 387.
86.7 140.
-63.9 17.
n.a. n.a
89.0 80.
61.6 42.
233.0 217.
31.8 15.
n.a. n.a
248.8 294.
79.1 -52.
169.7 346.
513.6 527.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Audite
Original Origina
31/12/2007 31/12/200
12 months 12 month
mil EUR mil EU
3,709.0 3,026.
87.5 78.
n.a. n.a
3,796.5 3,105.
n.a. n.a
3,369.6 2,717.
3,369.6 2,717.
426.9 387.
-63.9 17.
28.9 31.
n.a. n.a
n.a. n.a
89.0 80.
32.7 11.
86.7 140.
124.1 119.
108.9 97.
233.0 217.
n.a. n.a
280.6 310.
31.8 15.
n.a. n.a
248.8 294.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
248.8 294.
79.1 -52.
n.a. n.a
169.7 346.
-66.8 59.
n.a. n.a
n.a. n.a
n.a. n.a
102.9 405.
n.a. n.a
169.7 346.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
26,662.3 25,869.
307.2 341.
26,355.1 25,527.
26,662.3 25,869.
n.a. n.a
n.a. n.a
26,533.8 25,860.
n.a. n.a
7,597.1 4,389.
156.9 101.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
7,754.0 4,491.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
27,459.5 24,780.
88,102.4 80,660.
132.5 120.
n.a. n.a
n.a. n.a
96.9 98.
0.0 0.
14.6 12.
148.4 133.
10.6 28.
n.a. n.a
140.0 143.
88,645.4 81,197.
16,411.4 14,448.
n.a. n.a
n.a. n.a
16,411.4 14,448.
36,961.2 31,475.
n.a. n.a
n.a. n.a
53,372.6 45,923.
28,967.9 29,272.
1,047.1 928.
n.a. n.a
30,015.0 30,200.
194.1 192.
1,842.8 1,683.
85,424.5 77,999.
n.a. n.a
n.a. n.a
171.6 199.
50.0 67.
0.0 0.
n.a. n.a
n.a. n.a
n.a. n.a
130.8 116.
85,776.9 78,384.
n.a. n.a
n.a. n.a
2,814.7 2,699.
61.6 54.
-7.8 59.
n.a. n.a
0.0 0.
2,868.5 2,813.
88,645.4 81,197.
n.a. n.a
n.a. n.a
14.12 n.a
n.a. n.a
4.50 n.a
4.12 n.a
0.51 n.a
0.47 n.a
0.51 n.a
16.88 26.5
45.37 41.2
0.27 n.a
9.88 n.a
0.33 n.a
11.33 5.1
8.76 n.a
0.29 n.a
31.79 -17.7
n.a. n.a
n.a. n.a
5.97 n.a
0.20 n.a
3.62 n.a
0.12 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3.22 3.4
n.a. n.a
n.a. n.a
n.a. n.a
3.24 3.4
n.a. n.a
n.a. n.a
n.a. n.a
5.92 12.3
9.17 n.a
3.07 n.a
n.a. n.a
1.15 1.3
n.a. n.a
n.a. n.a
0.12 n.a
n.a. n.a
n.a. n.a
162.46 179.0
71.79 82.1
19.26 18.5
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
88,645.4 81,197.
n.a. n.a
n.a. n.a
n.a. n.a
26,265.7 n.a
84,381.5 n.a
84,921.6 n.a
n.a. n.a
81,712.2 n.a
2,757.3 n.a
2,841.1 n.a
15,429.8 n.a
1,834.5 2,106.
2,233.0 1,826.
7,541.5 7,246.
15,053.3 14,689.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
7,132.9 5,209.
2,772.5 2,364.
8,261.3 8,274.
7,285.6 8,927.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
4,313.3 4,044.
686.8 551.
11,411.3 9,852.
n.a. n.a
19,529.3 13,578.
4,573.5 2,574.
12,858.4 15,322.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,047.1 928.
n.a. n.a
169.7 346.
n.a. n.a
n.a. n.a
2,868.5 2,813.
n.a. n.a
n.a. n.a
n.a. n.a
2,868.5 2,813.
n.a. n.a
n.a. n.a
0.0 0.
14.6 12.
10.6 28.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3,709.0 3,026.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
604.6 604.
n.a. n.a
2,210.1 2,095.
n.a. n.a
n.a. n.a
n.a. n.a
61.6 54.
2,806.9 2,758.
2,814.7 2,699.
-7.8 59.
n.a. n.a
n.a. n.a
n.a. n.a
-7.8 59.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
-7.8 59.
n.a. n.a
-7.8 59.
n.a. n.a
2,868.5 2,813.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
7,754.0 4,491.
n.a. n.a
7,754.0 4,491.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
1,483 n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
130.5 118.
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
IFRS IFR
Unqualified Audite
31/12/2007 31/12/200
1.15 1.3
7.45 4.0
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
n.a. n.a
3.24 3.4
10.88 11.0
5.37 6.1
3.39 3.6
4.42 4.6
14.86 14.6
7.34 8.1
4.62 4.8
26.74 24.8
0.51 0.4
0.50 0.4
0.10 0.1
0.31 0.2
n.a. n.a
-0.09 0.0
0.20 0.4
5.97 12.3
n.a. n.a
n.a. n.a
n.a. n.a
45.37 41.2
0.33 0.3
71.79 82.1
29.73 31.4
49.38 55.5
31.24 33.1
64.20 66.1
40.61 39.4
IFRS
Audited
Original
31/12/2006
12 months
mil EUR
25,527.6
25,869.0
341.4
55,132.9
25,860.8
101.8
4,389.5
24,780.8
80,660.5
98.6
438.6
81,197.7
45,923.1
14,448.1
31,475.0
n.a.
32,076.8
192.7
1,683.3
30,200.8
184.4
n.a.
199.8
2,813.6
81,197.7
n.a.
341.4
30,370.3
12.7
n.a.
n.a.
928.3
Audited
Original
31/12/2006
12 months
mil EUR
387.7
140.1
17.2
n.a.
80.5
42.4
217.7
15.8
n.a.
294.3
-52.2
346.5
527.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
Original
31/12/2006
12 months
mil EUR
3,026.8
78.5
n.a.
3,105.3
n.a.
2,717.6
2,717.6
387.7
17.2
31.4
n.a.
n.a.
80.5
11.0
140.1
119.9
97.8
217.7
n.a.
310.1
15.8
n.a.
294.3
n.a.
n.a.
n.a.
n.a.
n.a.
294.3
-52.2
n.a.
346.5
59.0
n.a.
n.a.
n.a.
405.5
n.a.
346.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25,869.0
341.4
25,527.6
25,869.0
n.a.
n.a.
25,860.8
n.a.
4,389.5
101.8
n.a.
n.a.
n.a.
n.a.
4,491.3
n.a.
n.a.
n.a.
n.a.
24,780.8
80,660.5
120.0
n.a.
n.a.
98.6
0.0
12.7
133.9
28.2
n.a.
143.8
81,197.7
14,448.1
n.a.
n.a.
14,448.1
31,475.0
n.a.
n.a.
45,923.1
29,272.5
928.3
n.a.
30,200.8
192.7
1,683.3
77,999.9
n.a.
n.a.
199.8
67.7
0.0
n.a.
n.a.
n.a.
116.7
78,384.1
n.a.
n.a.
2,699.9
54.7
59.0
n.a.
0.0
2,813.6
81,197.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
26.54
41.25
n.a.
n.a.
n.a.
5.10
n.a.
n.a.
-17.74
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3.45
n.a.
n.a.
n.a.
3.47
n.a.
n.a.
n.a.
12.32
n.a.
n.a.
n.a.
1.32
n.a.
n.a.
n.a.
n.a.
n.a.
179.05
82.16
18.57
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
81,197.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,106.5
1,826.6
7,246.3
14,689.6
n.a.
n.a.
n.a.
n.a.
5,209.8
2,364.5
8,274.9
8,927.8
n.a.
n.a.
n.a.
n.a.
4,044.7
551.0
9,852.4
n.a.
13,578.3
2,574.3
15,322.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
928.3
n.a.
346.5
n.a.
n.a.
2,813.6
n.a.
n.a.
n.a.
2,813.6
n.a.
n.a.
0.0
12.7
28.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,026.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
604.6
n.a.
2,095.3
n.a.
n.a.
n.a.
54.7
2,758.9
2,699.9
59.0
n.a.
n.a.
n.a.
59.0
n.a.
n.a.
n.a.
n.a.
59.0
n.a.
59.0
n.a.
2,813.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,491.3
n.a.
4,491.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
118.0
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2006
1.32
4.08
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3.47
11.02
6.13
3.63
4.61
14.66
8.15
4.83
24.81
0.48
0.48
0.17
0.29
n.a.
0.06
0.43
12.32
n.a.
n.a.
n.a.
41.25
0.38
82.16
31.44
55.59
33.12
66.13
39.41
Danske Bank A/S
1092 COPENHAGEN K
DENMARK
Publicly quoted
This entity is the GUO of the Corporate Group
Contact details
1092 COPENHAGEN K
DENMARK
Formerly known as
Bank History :
Established on October 5, 1871 as Danske Landmandsbank, Hypothek-og Vekselbank. In 1990, its name changed to Den Danske B
Status
Accounting Standards
Accounts published in
Name of the Auditor
Types of accounts available
No of recorded shareholders
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Debt Securities < 3 Months
Debt Securities 3 - 12 Months
Debt Securities 1 - 5 Years
Debt Securities > 5 Years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Type of share:
ISIN number:
SEDOL number:
Ticker symbol:
Nominal value (DKK):
BETA
Reference index 2:
Ref. index 2 - Beta - 3 months
Ref. index 2 - Beta - 1 month
Ref. index 2 - Beta - 1 year
Ref. index 2 - Correlation coefficient - 3 months
Ref. index 2 - Correlation coefficient - 1 month
Ref. index 2 - Correlation coefficient - 1 year
Reference index 3:
Ref. index 3 - Beta - 3 months
Ref. index 3 - Beta - 1 month
Ref. index 3 - Beta - 1 year
Ref. index 3 - Correlation coefficient - 3 months
Ref. index 3 - Correlation coefficient - 1 month
Ref. index 3 - Correlation coefficient - 1 year
Reference index 4:
Ref. index 4 - Beta - 3 months
Ref. index 4 - Beta - 1 month
Ref. index 4 - Beta - 1 year
Ref. index 4 - Correlation coefficient - 3 months
Ref. index 4 - Correlation coefficient - 1 month
Ref. index 4 - Correlation coefficient - 1 year
Reference index 5:
Ref. index 5 - Beta - 3 months
Ref. index 5 - Beta - 1 month
Ref. index 5 - Beta - 1 year
Ref. index 5 - Correlation coefficient - 3 months
Ref. index 5 - Correlation coefficient - 1 month
Ref. index 5 - Correlation coefficient - 1 year
Date
1 31/10/2012
2 31/10/2012
3 01/10/2012
4 28/09/2012
5 15/08/2012
6 14/08/2012
7 08/08/2012
8 06/07/2012
9 26/06/2012
10 13/06/2012
11 10/05/2012
12 03/05/2012
13 27/04/2012
14 10/04/2012
15 27/03/2012
16 10/02/2012
17 08/02/2012
18 31/01/2012
19 27/01/2012
20 26/01/2012
21 11/01/2012
22 01/01/2012
23 21/12/2011
24 02/12/2011
25 22/11/2011
26 16/11/2011
27 04/11/2011
28 25/10/2011
29 11/10/2011
30 30/09/2011
31 31/08/2011
32 08/08/2011
33 19/07/2011
34 19/07/2011
35 13/07/2011
36 13/07/2011
37 05/07/2011
38 01/07/2011
39 10/06/2011
40 10/06/2011
41 16/05/2011
42 29/04/2011
43 19/04/2011
44 14/04/2011
45 06/04/2011
46 31/03/2011
47 18/03/2011
48 17/03/2011
49 03/03/2011
50 03/03/2011
Source : Zephyr
1.
2.
3.
4.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
1.
2.
3.
4.
5.
6.
7.
8.
changed to Den Danske Bank, following the merger with Copenhagen Handelsbank and Provinsbanken. On April 1, 2000, absorbed Danica Bank
Active
International Financial Repo
mil DKK
KPMG C Jespersen
Cons., Uncons. & Add. Cons
30
540
Commercial Banks
nager for more information.
Name
Mr. Ole Gjessø Andersen
P124300339
Name
Mr. Tonny Thierry Andersen
P014293834
Mr. Thomas Fredrick Borgen
P039821734
l DKK
PMG C Jespersen
ons., Uncons. & Add. Cons.
0
ommercial Banks
Rating Date
A 01/10/2012
BBB 01/10/2012
931,739,034
87,583,469
Ordinary Shares
DK0010274414
4588825
DANSKE
10.00
83.00 146.00
100.50 126.90
94.50 116.50
91.25 121.00
79.55 109.00
81.40 95.25
90.00 100.50
103.00 76.80
104.70 78.55
n.a. 74.50
n.a. 77.00
n.a. 72.95
mpletes private placement (deal no. 1601415847)
sell its non-core assets (deal no. 1601416329)
uces its stake in Roblon (deal no. 1601407355)
s Tivoli shares (deal no. 1601406979)
e Danish operations of Color Print (deal no. 1601394614)
agreed to acquire Luottokunta (deal no. 1601394913)
& Thrane delsited (deal no. 1601366851)
s SkandiaMäklarna to three franchisees (deal no. 1601385603)
mpletes capital increase (deal no. 1601367994)
dy to divest Danica Pension (deal no. 1601377680)
cquisition of Ahlsell (deal no. 1601291231)
ws first offer for Thrane & Thrane (deal no. 1601359572)
d retailers consider auctioning off Luottokunta: Kauppalehti (deal no. 1601364880)
ffer for Thrane & Thrane (deal no. 1601359572)
completes rights issue (deal no. 1601341233)
moke Free Systems (deal no. 1601343635)
pital has acquired Moventas Wind and Moventas Santasalo (deal no. 1601302287)
leted the acquisition of VTI Technologies (deal no. 1601307324)
s acquires STT Condigi Holding (deal no. 1601337878)
interested in Luottokunta (deal no. 1601364880)
as acquired Vattenfall's electricity and heat assets in Finland (deal no. 1601307537)
cquires Hanseatische Chocolade (deal no. 1601363067)
shares Danske Bank and Finansiel Stabilitet (deal no. 1601319298)
2 from Fondsmæglerselskabet Maj Invest and Mr Flemming Møller (deal no. 1601321672)
stake in Danske Bank (deal no. 1601318414)
take on Moventas (deal no. 1601302287)
es acquisition of Cellactis (deal no. 1601300392)
SEB and Danske Bank acquire shares in Vestas (deal no. 1601311728)
fetch EUR 1bn for Finnish assets’ (deal no. 1601307537)
otun expires (deal no. 1601296657)
s private placement to Seadrill and Lime Rock Partners (deal no. 1601289569)
sell sale: FT (deal no. 1601291231)
s Medical (deal no. 1601290045)
en subject to management buy-out (deal no. 1601286921)
remaining stake in Falck (deal no. 1601266686)
a capital increase (deal no. 1601285492)
ngs lists on Oslo (deal no. 1601268810)
s Rogaland Planbygg (deal no. 1601281167)
ares to float (deal no. 1601268810)
al no. 1601253874)
s (deal no. 1601202670)
es divestment of movie operations to Ratos (deal no. 1601236427)
ent and Ilmarinen have acquired Fortum Power and Heat's stake in Fingrid (deal no. 1601077448)
Horneman completes rights issue (deal no. 1601244604)
mpletes rights issue (deal no. 1601245471)
ts shares in Tikkurila (deal no. 1601259138)
es conversion of debt (deal no. 1601249979)
ng to list (deal no. 1601138250)
he public market (deal no. 1601138250)
anagements's acquisition of OneMed Group has completed (deal no. 1601221648)
- Vice Chairman
- Member of the Remuneration Committee
- Director (since 30/11/2000)
- Member of the Credit and Risk Committee
- Director (since 31/03/1998)
- Member of the Audit Committee
- Member of the board (since 30/11/2000)
- Director (since 25/03/2003)
- Member of the Audit Committee
- Member of the Credit and Risk Committee
- Member of the board (since 16/04/2012)
Phone number
Fax number
Web Site Address
e Bank A/S absorbed RealDanemark A/S, Boligkredit Danmark A/S, DDB I A/S and BG Bank with effect as of January, 1 2001.
Consolidation Code
Nickname
Source
Release Date
Model
IFRS
Audited
Original
31/12/2011
12 months
mil DKK
1,847,223.0
1,894,834.0
47,611.0
1,498,058.0
180,870.0
550,970.0
469,038.0
297,180.0
3,345,281.0
7,267.0
71,855.0
3,424,403.0
1,242,382.0
848,994.0
393,388.0
n.a.
1,689,860.0
534,061.0
163,852.0
991,947.0
365,834.0
n.a.
472.0
125,855.0
3,424,403.0
113,300.0
47,611.0
568,272.0
22,233.0
253,545.0
44,850.0
22,478.0
Audited
Original
31/12/2011
12 months
mil DKK
27,414.0
17,691.0
2,851.0
n.a.
8,669.0
6,171.0
26,977.0
13,075.0
-848.0
4,205.0
2,482.0
1,723.0
45,025.0
0.0
17.90
16.00
162,065.0
145,017.0
6,277.0
IFRS
Audited
Original
31/12/2011
12 months
mil DKK
60,178.0
14,714.0
n.a.
74,892.0
27,323.0
20,155.0
47,478.0
27,414.0
2,851.0
n.a.
n.a.
1,717.0
8,669.0
4,374.0
17,611.0
13,941.0
13,036.0
26,977.0
80.0
18,128.0
13,075.0
110.0
4,943.0
n.a.
16.0
754.0
n.a.
n.a.
4,205.0
2,482.0
n.a.
1,723.0
-923.0
n.a.
235.0
n.a.
1,035.0
11.0
1,712.0
0.0
n.a.
720,741.0
n.a.
n.a.
n.a.
1,174,093.0
47,611.0
1,847,223.0
1,894,834.0
113,300.0
720,741.0
180,870.0
n.a.
358,785.0
550,970.0
97,866.0
11,398.0
989.0
n.a.
1,020,008.0
n.a.
n.a.
4,624.0
292,556.0
n.a.
3,345,281.0
28,617.0
n.a.
n.a.
7,267.0
18,631.0
3,602.0
580.0
1,791.0
n.a.
18,634.0
3,424,403.0
600,252.0
22,223.0
226,519.0
848,994.0
393,388.0
n.a.
n.a.
1,242,382.0
924,619.0
22,478.0
n.a.
947,097.0
534,061.0
163,852.0
2,887,392.0
n.a.
n.a.
472.0
423.0
6,278.0
n.a.
n.a.
318,177.0
40,956.0
3,253,698.0
44,850.0
n.a.
128,234.0
60.0
-2,253.0
-186.0
n.a.
125,855.0
3,424,403.0
n.a.
n.a.
3.18
3.14
2.36
1.74
0.86
0.45
0.86
39.11
59.92
0.83
15.42
0.56
72.73
4.21
0.15
59.02
2.00
0.55
1.47
0.05
0.88
0.03
n.a.
0.19
0.11
n.a.
n.a.
3.05
16.00
17.90
11.80
3.68
0.00
0.00
n.a.
1.37
6.55
0.36
5.98
2.51
42.02
52.19
0.69
0.33
5.98
223.19
45.98
36.08
n.a.
n.a.
83,131.0
n.a.
170,414.0
n.a.
3,677,948.0
905,979.0
n.a.
905,979.0
1,892,711.6
3,173,379.8
3,254,451.0
n.a.
2,735,101.0
119,354.0
117,545.6
871,318.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
774,421.0
39,775.0
29,001.0
11,845.0
381,012.0
2,022.0
12,736.0
117.0
n.a.
378,060.0
546,559.0
n.a.
924,619.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
22,478.0
n.a.
1,723.0
n.a.
1,723.0
125,855.0
n.a.
n.a.
125,855.0
125,855.0
0.0
60.0
18,631.0
3,602.0
0.0
n.a.
n.a.
n.a.
-26,026.0
26,026.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
60,178.0
n.a.
n.a.
n.a.
n.a.
n.a.
27,323.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
97,866.0
n.a.
n.a.
n.a.
n.a.
n.a.
11,398.0
n.a.
n.a.
n.a.
n.a.
n.a.
6,277.0
n.a.
6,277.0
4,132.0
44,472.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
9,317.0
n.a.
118,917.0
n.a.
n.a.
n.a.
60.0
125,795.0
125,855.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
125,855.0
n.a.
n.a.
n.a.
n.a.
0.0
0.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-26,026.0
145,017.0
162,065.0
16.00
17.90
905,979.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,020,008.0
n.a.
1,020,008.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
16.00
11.80
17.90
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2011
2.51
47.70
42.02
5.98
0.33
42.42
90.02
52.19
16.00
17.90
3.68
6.81
10.13
3.90
5.64
10.46
15.55
5.98
11.64
0.85
0.83
0.53
1.21
0.15
-0.10
0.05
1.49
0.00
1.49
-49.22
59.81
0.55
45.98
53.94
148.68
64.48
45.74
19.84
ARK
2010 2009
129.50 59.00
124.50 37.30
135.60 47.20
147.30 62.75
122.90 89.25
118.10 91.50
134.70 108.75
130.70 139.50
131.90 133.25
142.50 117.25
142.40 106.75
143.00 118.00
11)
3/2009)
010)
002)
010)
006)
006)
006)
009)
011)
010)
vities, Corporate and Institutional Banking, Danske Markets and Group Treasury
ince 01/10/2010)
DK61126228
10607
Active
+45 33 44 00 00
+45 33 44 17 08
www.danskebank.com
1 2001.
C2
DANIFRS
Annual Report
10/31/2012
ALLBANKS
1
1
56
57
n
IFRS
Unqualified
Original
31/12/2010
12 months
mil DKK
1,848,446.0
1,888,095.0
39,649.0
1,271,701.0
228,100.0
333,743.0
427,846.0
282,012.0
3,120,147.0
7,861.0
85,878.0
3,213,886.0
1,179,041.0
861,053.0
317,988.0
n.a.
1,561,427.0
318,936.0
159,450.0
1,083,041.0
368,082.0
n.a.
594.0
104,742.0
3,213,886.0
103,100.0
39,649.0
571,753.0
22,936.0
262,100.0
44,604.0
32,732.0
Unqualified
Original
31/12/2010
12 months
mil DKK
29,651.0
15,975.0
872.0
n.a.
8,851.0
6,252.0
26,999.0
12,646.0
469.0
6,450.0
2,786.0
3,664.0
45,562.0
0.0
13.77
11.48
149,745.0
124,837.0
7,685.0
IFRS
Unqualified
Original
31/12/2010
12 months
mil DKK
59,416.0
13,877.0
n.a.
73,293.0
26,919.0
16,723.0
43,642.0
29,651.0
872.0
n.a.
n.a.
3,274.0
8,851.0
2,914.0
15,911.0
13,213.0
13,786.0
26,999.0
64.0
18,627.0
12,646.0
-222.0
6,203.0
n.a.
659.0
412.0
n.a.
n.a.
6,450.0
2,786.0
n.a.
3,664.0
-101.0
n.a.
290.0
n.a.
3,853.0
3.0
3,661.0
0.0
n.a.
701,715.0
n.a.
n.a.
n.a.
1,186,380.0
39,649.0
1,848,446.0
1,888,095.0
103,100.0
701,715.0
228,100.0
n.a.
308,250.0
333,743.0
107,699.0
10,857.0
1,040.0
n.a.
761,589.0
n.a.
n.a.
4,799.0
277,213.0
n.a.
3,120,147.0
35,403.0
n.a.
n.a.
7,861.0
18,773.0
4,163.0
1,404.0
1,693.0
n.a.
24,442.0
3,213,886.0
861,053.0
n.a.
n.a.
861,053.0
317,988.0
n.a.
n.a.
1,179,041.0
1,005,705.0
32,732.0
n.a.
1,038,437.0
318,936.0
159,450.0
2,695,864.0
n.a.
n.a.
594.0
858.0
6,003.0
n.a.
n.a.
305,409.0
55,812.0
3,064,540.0
44,604.0
n.a.
106,193.0
15.0
-1,330.0
-136.0
n.a.
104,742.0
3,213,886.0
62,233.5
102,842.3
3.15
3.22
2.32
1.59
0.94
0.54
0.94
34.92
59.26
0.83
18.15
0.57
66.70
6.04
0.19
43.19
2.21
0.73
3.57
0.11
3.75
0.12
n.a.
0.43
0.46
7.37
12.18
2.56
11.48
13.77
n.a.
3.26
0.00
0.00
n.a.
3.50
3.72
2.16
5.46
2.10
38.46
60.58
0.67
0.41
5.46
219.28
71.73
36.23
n.a.
n.a.
90,290.0
n.a.
171,810.0
n.a.
3,475,986.0
844,209.0
n.a.
844,209.0
1,884,870.8
3,158,893.2
3,249,194.6
n.a.
2,751,698.0
104,034.6
102,640.8
835,450.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
797,784.0
26,709.0
28,675.0
12,071.0
318,538.0
639.0
308.0
578.0
n.a.
367,012.0
638,693.0
n.a.
1,005,705.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
32,732.0
n.a.
3,664.0
n.a.
3,664.0
104,742.0
n.a.
n.a.
n.a.
104,742.0
0.0
15.0
18,773.0
4,163.0
0.0
19,221.0
336.5
62,233.5
14,582.8
26,026.0
102,842.3
26,671.4
n.a.
n.a.
n.a.
n.a.
59,416.0
n.a.
n.a.
n.a.
n.a.
n.a.
26,919.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
107,699.0
n.a.
n.a.
n.a.
n.a.
n.a.
10,857.0
n.a.
n.a.
n.a.
n.a.
n.a.
7,685.0
n.a.
7,685.0
4,568.0
39,201.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,988.0
n.a.
99,205.0
n.a.
n.a.
n.a.
15.0
104,727.0
104,742.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
104,742.0
n.a.
n.a.
n.a.
n.a.
0.0
0.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
15,965.0
28,635.0
40,608.8
14,582.8
124,837.0
149,745.0
11.48
13.77
844,209.0
n.a.
n.a.
n.a.
n.a.
844,209.0
57,032.0
3,462.7
7,042.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
761,589.0
n.a.
761,589.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
11.48
n.a.
13.77
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2010
2.10
42.65
38.46
5.46
0.41
47.12
98.43
60.58
11.48
13.77
3.26
5.67
8.88
3.46
5.67
9.85
15.44
6.01
17.98
0.97
0.94
0.51
1.26
0.19
-0.07
0.12
3.57
0.00
3.57
12.80
59.18
0.59
71.73
57.51
156.78
69.41
48.49
21.47
2008
177.25
189.00
174.25
165.75
164.50
137.00
136.75
143.25
124.75
86.00
68.25
52.00
Body
BoD
AudC
OthBC
BoD
RemC
NomC
OthBC
BoD
BoD
RemC
NomC
OthBC
BoD
AudC
BoD
BoD
BoD
BoD
BoD
AudC
BoD
BoD
OthBC
BoD
AudC
BoD
BoD
AudC
BoD
OthBC
BoD
BoD
AudC
OthBC
BoD
ExeB
ExeB
ExeB
ExeB
ExeB
Dept
SenMan
Oper
SenMan
Oper
SenMan
SenMan
SenMan
FinAcc
SenMan
Oper
OthDep
Oper
Outlook Watch
Stable
IFRS
Unqualified
Original
31/12/2009
12 months
mil DKK
1,815,615.0
1,848,260.0
32,645.0
1,190,274.0
202,356.0
313,387.0
426,730.0
247,801.0
3,005,889.0
8,800.0
83,788.0
3,098,477.0
1,170,749.0
859,580.0
311,169.0
n.a.
1,492,225.0
307,420.0
73,147.0
1,111,658.0
333,756.0
n.a.
1,088.0
100,659.0
3,098,477.0
88,100.0
32,645.0
542,735.0
23,037.0
260,693.0
43,783.0
36,219.0
Unqualified
Original
31/12/2009
12 months
mil DKK
40,418.0
18,229.0
4,638.0
n.a.
7,798.0
5,793.0
27,480.0
23,435.0
-2,977.0
4,755.0
3,042.0
1,713.0
58,316.0
0.0
14.13
11.23
148,343.0
117,929.0
4,228.0
IFRS
Unqualified
Original
31/12/2009
12 months
mil DKK
82,587.0
22,615.0
n.a.
105,202.0
43,545.0
21,239.0
64,784.0
40,418.0
4,638.0
n.a.
n.a.
4,045.0
7,798.0
1,417.0
17,898.0
13,823.0
13,657.0
27,480.0
331.0
31,167.0
23,435.0
630.0
7,102.0
n.a.
68.0
2,415.0
n.a.
n.a.
4,755.0
3,042.0
n.a.
1,713.0
708.0
n.a.
-13.0
n.a.
2,408.0
-14.0
1,727.0
0.0
n.a.
688,473.0
n.a.
n.a.
n.a.
1,159,787.0
32,645.0
1,815,615.0
1,848,260.0
88,100.0
688,473.0
202,356.0
n.a.
306,665.0
313,387.0
110,510.0
8,469.0
1,086.0
n.a.
740,117.0
n.a.
n.a.
4,948.0
242,853.0
n.a.
3,005,889.0
33,714.0
n.a.
n.a.
8,800.0
18,250.0
4,787.0
2,274.0
2,120.0
n.a.
22,643.0
3,098,477.0
859,580.0
n.a.
n.a.
859,580.0
311,169.0
n.a.
n.a.
1,170,749.0
1,031,656.0
36,219.0
n.a.
1,067,875.0
307,420.0
73,147.0
2,619,191.0
n.a.
n.a.
1,088.0
1,197.0
5,391.0
n.a.
n.a.
277,009.0
50,159.0
2,954,035.0
43,783.0
n.a.
102,072.0
0.0
-1,229.0
-184.0
n.a.
100,659.0
3,098,477.0
57,897.0
98,016.5
4.26
5.11
3.33
2.27
1.28
0.54
1.28
30.69
47.12
0.83
31.28
0.94
77.21
7.13
0.21
63.97
3.74
0.85
1.72
0.05
2.42
0.07
n.a.
0.21
0.29
6.94
11.75
2.52
11.23
14.13
n.a.
3.25
0.00
0.00
n.a.
1.70
-12.57
-9.13
4.77
1.77
37.05
55.09
1.21
0.22
4.77
215.02
65.03
37.18
n.a.
n.a.
86,825.0
n.a.
173,868.0
n.a.
3,359,170.0
834,242.0
n.a.
834,242.0
1,940,316.8
3,161,548.0
3,304,787.4
n.a.
2,859,588.8
101,449.2
99,635.6
852,396.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
769,066.0
38,252.0
15,290.0
44,855.0
227,850.0
83,211.0
256.0
1,972.0
n.a.
447,820.0
583,836.0
n.a.
1,031,656.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
36,219.0
n.a.
1,713.0
n.a.
1,713.0
100,659.0
n.a.
n.a.
n.a.
100,659.0
0.0
0.0
18,250.0
4,787.0
0.0
19,215.0
510.0
57,897.0
14,093.5
26,026.0
98,016.5
24,812.9
n.a.
n.a.
n.a.
n.a.
82,587.0
n.a.
n.a.
n.a.
n.a.
n.a.
43,545.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
110,510.0
n.a.
n.a.
n.a.
n.a.
n.a.
8,469.0
n.a.
n.a.
n.a.
n.a.
n.a.
4,228.0
n.a.
4,228.0
4,414.0
32,681.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,988.0
n.a.
95,084.0
n.a.
n.a.
n.a.
0.0
100,659.0
100,659.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
100,659.0
n.a.
n.a.
n.a.
n.a.
0.0
0.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
15,302.0
28,643.0
40,119.5
14,093.5
117,929.0
148,343.0
11.23
14.13
834,242.0
n.a.
n.a.
n.a.
n.a.
834,242.0
56,303.0
3,563.0
68,742.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
740,117.0
n.a.
740,117.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
11.23
n.a.
14.13
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2009
1.77
57.98
37.05
4.77
0.22
16.81
87.52
55.09
11.23
14.13
3.25
5.54
8.60
3.45
5.83
9.95
15.43
6.19
20.05
1.25
1.22
0.55
1.53
0.23
-0.18
0.05
1.72
0.00
1.72
-173.79
46.86
0.94
65.03
58.60
155.08
70.29
46.36
21.01
2007
263.50
260.50
259.50
257.00
241.25
226.00
231.25
224.50
212.25
226.75
204.75
199.75
10/30/2012
94.00
113.40
73.00
10/30/2012
-7.57
-12.96
5.62
-10.22
28.62
23.20
34.77
0.96
1.18
1.27
0.44
0.57
0.63
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.42
0.27
0.24
0.23
0.29
Source
KO, VI
VI
VI
VI
VI
VI
VI
KO, VI
VI
VI
VI
VI
VI
VI
KO, VI
KO
KO, VI
KO, VI
KO, VI
VI
KO, VI
VI
VI
KO, VI
VI
KO
VI
VI
KO, VI
VI
KO, VI
VI
VI
VI
KO
VI
VI
VI
VI
VI
Source
KO
VI
KO
VI
KO
KO
KO
VI
VI
VI
VI
VI
IFRS
Unqualified
Original
31/12/2008
12 months
mil DKK
2,019,294.0
2,033,962.0
14,668.0
1,438,707.0
215,823.0
574,456.0
428,064.0
220,364.0
3,458,001.0
9,061.0
76,912.0
3,543,974.0
1,437,416.0
874,690.0
562,726.0
n.a.
1,687,290.0
581,521.0
41,769.0
1,064,000.0
319,843.0
n.a.
1,178.0
98,247.0
3,543,974.0
43,740.0
14,668.0
518,534.0
25,094.0
281,048.0
17,373.0
40,487.0
Unqualified
Original
31/12/2008
12 months
mil DKK
32,762.0
10,288.0
-590.0
n.a.
8,260.0
2,618.0
25,889.0
11,190.0
-3,742.0
2,229.0
1,193.0
1,036.0
42,852.0
5,940.0
9.74
6.89
124,864.0
88,347.0
946.0
IFRS
Unqualified
Original
31/12/2008
12 months
mil DKK
101,339.0
42,282.0
n.a.
143,621.0
50,321.0
60,538.0
110,859.0
32,762.0
-590.0
n.a.
n.a.
-103.0
8,260.0
2,523.0
10,090.0
13,235.0
12,654.0
25,889.0
198.0
17,161.0
11,190.0
390.0
5,581.0
n.a.
506.0
3,858.0
n.a.
n.a.
2,229.0
1,193.0
n.a.
1,036.0
-1,937.0
n.a.
-217.0
n.a.
-1,118.0
25.0
1,011.0
5,940.0
n.a.
667,181.0
n.a.
n.a.
n.a.
1,366,781.0
14,668.0
2,019,294.0
2,033,962.0
43,740.0
667,181.0
215,823.0
n.a.
286,332.0
574,456.0
134,317.0
6,476.0
939.0
n.a.
1,002,520.0
n.a.
n.a.
4,470.0
215,894.0
n.a.
3,458,001.0
16,379.0
n.a.
n.a.
9,061.0
19,573.0
5,521.0
2,103.0
1,248.0
n.a.
32,088.0
3,543,974.0
874,690.0
n.a.
n.a.
874,690.0
562,726.0
n.a.
n.a.
1,437,416.0
1,006,140.0
40,487.0
n.a.
1,046,627.0
581,521.0
41,769.0
3,107,333.0
n.a.
n.a.
1,178.0
930.0
3,082.0
n.a.
0.0
252,815.0
63,016.0
3,428,354.0
17,373.0
n.a.
100,452.0
22.0
-1,937.0
-290.0
n.a.
98,247.0
3,543,974.0
55,653.0
69,280.5
5.04
5.36
4.25
3.66
0.97
0.64
0.97
23.55
60.41
0.75
16.67
0.49
67.48
5.42
0.16
53.52
1.79
0.58
1.01
0.03
-1.09
-0.03
n.a.
0.11
-0.12
5.80
7.22
2.08
6.89
9.74
n.a.
2.77
573.36
-531.31
n.a.
-4.99
5.81
2.07
2.15
0.72
33.53
29.59
0.56
0.05
2.15
232.54
38.35
34.63
n.a.
n.a.
107,648.0
n.a.
168,179.0
5,221.0
3,825,022.0
960,079.0
n.a.
960,079.0
2,011,154.6
3,376,484.6
3,468,907.0
n.a.
3,029,232.8
103,345.4
102,935.6
938,509.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
783,026.0
31,120.0
24,225.0
57,780.0
549,565.0
30,508.0
1,422.0
2,035.0
n.a.
427,087.0
579,053.0
n.a.
1,006,140.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
40,487.0
n.a.
1,036.0
n.a.
1,036.0
98,247.0
n.a.
n.a.
n.a.
98,247.0
0.0
22.0
19,573.0
5,521.0
0.0
16,886.0
592.0
55,653.0
13,627.5
0.0
69,280.5
23,851.2
n.a.
n.a.
n.a.
n.a.
101,339.0
n.a.
n.a.
n.a.
n.a.
n.a.
50,321.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
284,811.0
n.a.
n.a.
n.a.
n.a.
1,521.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
667,181.0
n.a.
953,513.0
131,298.0
n.a.
n.a.
n.a.
n.a.
3,019.0
n.a.
134,317.0
6,476.0
n.a.
n.a.
n.a.
n.a.
6,476.0
n.a.
n.a.
n.a.
n.a.
4,540.0
946.0
n.a.
946.0
4,668.0
11,190.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,988.0
n.a.
93,464.0
n.a.
n.a.
n.a.
22.0
98,225.0
100,452.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
98,247.0
n.a.
n.a.
n.a.
n.a.
5,940.0
5,940.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
14,738.0
2,574.0
13,627.5
13,627.5
88,347.0
124,864.0
6.89
9.74
960,079.0
n.a.
n.a.
n.a.
n.a.
960,079.0
65,134.0
5,408.0
6,264.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,002,520.0
n.a.
1,002,520.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6.89
n.a.
9.74
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2008
0.72
34.16
33.54
2.15
0.05
7.74
44.52
29.59
6.89
9.74
2.77
4.87
6.84
2.90
4.41
7.73
10.86
4.61
25.94
0.98
0.95
0.30
1.08
0.17
-0.14
0.03
1.02
573.36
-4.84
-361.20
60.14
0.50
38.35
56.98
140.48
65.84
36.07
16.91
2006
215.75
223.25
228.50
235.25
222.00
222.00
224.00
224.00
231.25
245.00
246.00
251.00
IFRS IFRS IFRS
Unqualified Unqualified Audited
Original Original Restated
31/12/2007 31/12/2006 31/12/2005
12 months 12 months 12 months
mil DKK mil DKK mil DKK
166.75
172.75
166.75
169.00
173.50
185.25
192.00
183.25
190.00
195.25
203.50
222.00
IFRS
Not Audited
Partial
31/12/2004
12 months
mil DKK
1,139,666.0
1,139,666.0
n.a.
882,925.0
230,690.0
163,416.0
291,944.0
196,875.0
2,022,591.0
6,468.0
23,448.0
2,052,507.0
841,232.0
487,863.0
353,369.0
n.a.
864,452.0
171,173.0
44,634.0
648,645.0
279,254.0
n.a.
596.0
66,973.0
2,052,507.0
4,230.0
n.a.
497,562.0
447.0
308,804.0
n.a.
33,698.0
Not Audited
Partial
31/12/2004
12 months
mil DKK
25,838.0
3,146.0
8,885.0
n.a.
5,785.0
-11,524.0
16,355.0
774.0
1,180.0
13,035.0
3,718.0
9,317.0
28,573.0
n.a.
10.24
7.73
82,740.0
62,519.0
n.a.
IFRS
Not Audited
Partial
31/12/2004
12 months
mil DKK
56,018.0
12,648.0
n.a.
68,666.0
19,038.0
23,790.0
42,828.0
25,838.0
8,885.0
0.0
n.a.
-14,797.0
5,785.0
2,862.0
2,735.0
9,105.0
7,250.0
16,355.0
411.0
12,629.0
774.0
-15.0
11,870.0
n.a.
937.0
n.a.
n.a.
228.0
13,035.0
3,718.0
n.a.
9,317.0
n.a.
n.a.
-32.0
n.a.
9,285.0
28.0
9,289.0
n.a.
n.a.
524,428.0
n.a.
n.a.
n.a.
615,238.0
n.a.
1,139,666.0
1,139,666.0
4,230.0
524,428.0
230,690.0
n.a.
259,131.0
163,416.0
31,505.0
0.0
1,308.0
n.a.
455,360.0
n.a.
n.a.
4,463.0
192,412.0
0.0
2,022,591.0
7,741.0
n.a.
n.a.
6,468.0
0.0
447.0
132.0
488.0
n.a.
14,640.0
2,052,507.0
487,863.0
n.a.
n.a.
487,863.0
353,369.0
n.a.
n.a.
841,232.0
614,947.0
33,698.0
n.a.
648,645.0
171,173.0
44,634.0
1,705,684.0
7,707.0
n.a.
596.0
2,047.0
563.0
n.a.
n.a.
227,093.0
41,844.0
1,985,534.0
n.a.
n.a.
66,738.0
267.0
n.a.
n.a.
-32.0
66,973.0
2,052,507.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
9.57
57.24
n.a.
n.a.
n.a.
6.01
n.a.
n.a.
28.52
1.56
1.47
n.a.
n.a.
n.a.
n.a.
n.a.
1.15
1.15
n.a.
n.a.
3.22
7.73
10.24
n.a.
3.26
n.a.
n.a.
n.a.
13.91
n.a.
n.a.
0.37
n.a.
n.a.
n.a.
n.a.
n.a.
0.37
233.60
65.28
31.79
n.a.
n.a.
86,915.0
n.a.
n.a.
221,889.0
2,361,311.0
808,329.0
n.a.
808,329.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
466,810.0
6,057.0
14,996.0
n.a.
324,380.0
27,847.0
1,502.0
n.a.
n.a.
136,565.0
295,834.0
n.a.
432,399.0
n.a.
n.a.
n.a.
n.a.
33,698.0
n.a.
33,698.0
n.a.
9,317.0
n.a.
n.a.
66,973.0
n.a.
n.a.
n.a.
66,973.0
7,707.0
n.a.
0.0
447.0
488.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
56,018.0
n.a.
n.a.
n.a.
n.a.
n.a.
19,038.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
258,470.0
n.a.
n.a.
n.a.
n.a.
661.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
524,428.0
n.a.
783,559.0
28,740.0
n.a.
n.a.
n.a.
n.a.
2,619.0
146.0
31,505.0
0.0
n.a.
n.a.
n.a.
n.a.
0.0
n.a.
n.a.
n.a.
n.a.
3,426.0
n.a.
n.a.
n.a.
n.a.
5,810.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,723.0
n.a.
60,015.0
n.a.
n.a.
n.a.
267.0
66,706.0
66,738.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
66,973.0
n.a.
n.a.
n.a.
5,010.0
n.a.
n.a.
n.a.
488.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
62,519.0
82,740.0
7.73
10.24
808,329.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
7,757.0
455,360.0
n.a.
455,360.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
7.73
n.a.
10.24
n.a.
n.a.
n.a.
n.a.
n.a.
4,194.0
n.a.
n.a.
n.a.
n.a.
IFRS
Not Audited
31/12/2004
n.a.
3.00
n.a.
n.a.
n.a.
n.a.
6.32
n.a.
7.73
10.24
3.26
5.88
7.96
3.43
4.91
8.83
11.97
5.16
33.47
1.28
1.26
0.15
0.84
0.58
-0.12
0.45
13.91
n.a.
n.a.
12.67
56.43
0.62
65.28
55.53
135.48
68.16
59.15
29.76
Jyske Bank A/S (Group)
8600 SILKEBORG
DENMARK
Publicly quoted
This entity is the GUO of the Corporate Group
Contact details
VESTERBROGADE 9
8600 SILKEBORG
DENMARK
Bank History :
Established on July 7, 1967.
Status
Accounting Standards
Accounts published in
Name of the Auditor
No of recorded shareholders
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Debt Securities < 3 Months
Debt Securities 3 - 12 Months
Debt Securities 1 - 5 Years
Debt Securities > 5 Years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Type of share:
ISIN number:
SEDOL number:
Ticker symbol:
Nominal value (DKK):
IPO date:
BETA
Reference index 2:
Ref. index 2 - Beta - 3 months
Ref. index 2 - Beta - 1 month
Ref. index 2 - Beta - 1 year
Ref. index 2 - Correlation coefficient - 3 months
Ref. index 2 - Correlation coefficient - 1 month
Ref. index 2 - Correlation coefficient - 1 year
Reference index 3:
Ref. index 3 - Beta - 3 months
Ref. index 3 - Beta - 1 month
Ref. index 3 - Beta - 1 year
Ref. index 3 - Correlation coefficient - 3 months
Ref. index 3 - Correlation coefficient - 1 month
Ref. index 3 - Correlation coefficient - 1 year
Reference index 4:
Ref. index 4 - Beta - 3 months
Ref. index 4 - Beta - 1 month
Ref. index 4 - Beta - 1 year
Ref. index 4 - Correlation coefficient - 3 months
Ref. index 4 - Correlation coefficient - 1 month
Ref. index 4 - Correlation coefficient - 1 year
Reference index 5:
Ref. index 5 - Beta - 3 months
Ref. index 5 - Beta - 1 month
Ref. index 5 - Beta - 1 year
Ref. index 5 - Correlation coefficient - 3 months
Ref. index 5 - Correlation coefficient - 1 month
Ref. index 5 - Correlation coefficient - 1 year
Date
1 19/10/2012
2 01/03/2012
3 14/11/2011
4 30/09/2011
5 18/03/2011
6 23/02/2010
7 04/12/2009
8 02/11/2009
9 06/10/2009
10 15/04/2009
11 13/11/2007
12 31/03/2006
13 18/01/2006
14 13/05/2005
15 09/05/2005
16 12/11/2004
17 17/09/2004
18 11/08/2004
19 14/06/2004
20 18/05/2004
21 06/02/2004
22 30/04/2003
23 02/04/2003
24 21/02/2003
25 05/02/2003
26 17/01/2003
Source : Zephyr
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
14.
1.
2.
3.
4.
5.
Active
International Financial Repo
mil DKK
Deloitte & Touche/Ernst & Y
33
30
Commercial Banks
nager for more information.
Name
Mr. Sven Buhrkall
P043520217
Marianne Lillevang
P065269314
Name
Mr. Jörgen Michael Christensen
P039815445
Mr. Anders Christian Dam
P039484010
l DKK
eloitte & Touche/Ernst & Young
ommercial Banks
Rating Date
A 01/10/2012
BBB 01/10/2012
71,279,999
12,531,024
Ordinary Shares
DK0010307958
B0386J1
JYSK
10.00
1/2/1987
2012 2011
167.60 244.50
200.20 233.00
176.50 234.30
176.00 250.30
156.00 242.00
158.00 203.10
162.30 206.90
169.50 159.00
172.40 165.70
n.a. 157.40
n.a. 164.00
n.a. 141.00
nancial Services Company ups its stake in Jyske Bank (deal no. 1601413555)
letes private placement (deal no. 1601347663)
ng for acquisitions (deal no. 1601316033)
uisition of parts of Fjordbank Mors approved (deal no. 1601312852)
es conversion of debt (deal no. 1601249979)
oses share issue (deal no. 1601162895)
letes rights issue (deal no. 1601129959)
rights issue (deal no. 1601129959)
s decreased its stake in Jyske Bank (deal no. 1601121341)
Co has acquired a stake in Jyske Bank (deal no. 1601070457)
d a stake in Jyske Bank (deal no. 593999)
d Holding acquires stake Silkeborg Idrætsforening Fodbold Support (deal no. 426439)
other financial institutions to form new company (deal no. 411019)
ing acquires shares in Jyske Bank (deal no. 351379)
ecreased its stake of own shares (deal no. 342330)
acquired a stake in Magasin du Nord (deal no. 195847)
ase its stake in Totalkredit (deal no. 204890)
ases its stake in Silkeborg Idrætsforening Fodbold Support (deal no. 270663)
s stake in Jyske Bank (deal no. 255347)
cquire majority stake in Berben's Effectenkantoor BV (deal no. 248621)
nts has decreased its stake in Jyske Bank (deal no. 225632)
ny has acquired Discovery Holding. (deal no. 166302)
increase its share capital (deal no. 159850)
ncreased its stake in Silkeborg Idrætsforening Fodbold Support (deal no. 151728)
decrease its stake in Totalkredit (deal no. 152558)
ke Bank may be planning to increase their stakes in Amagerbanken (deal no. 145512)
Phone number
Fax number
Web Site Address
Consolidation Code
Nickname
Source
Release Date
Model
IFRS
Audited
Original
31/12/2011
12 months
mil DKK
124,494.0
127,978.0
3,484.0
137,727.0
22,000.0
31,744.0
75,253.0
8,730.0
262,221.0
3,066.0
4,933.0
270,220.0
173,051.0
118,259.0
45,713.0
9,079.0
72,788.0
32,586.0
n.a.
40,202.0
9,471.0
n.a.
1,064.0
13,846.0
270,220.0
7,274.0
3,484.0
78,433.0
261.0
11,960.0
2,720.0
n.a.
Audited
Original
31/12/2011
12 months
mil DKK
4,770.0
1,744.0
-31.0
n.a.
1,307.0
468.0
4,592.0
1,480.0
159.0
601.0
108.0
493.0
6,521.0
n.a.
14.70
13.30
15,983.0
14,409.0
342.0
IFRS
Audited
Original
31/12/2011
12 months
mil DKK
4,611.0
2,330.0
28.0
6,969.0
1,128.0
1,071.0
2,199.0
4,770.0
-31.0
n.a.
n.a.
n.a.
1,307.0
475.0
1,751.0
2,602.0
1,990.0
4,592.0
-7.0
1,922.0
1,480.0
n.a.
442.0
n.a.
159.0
n.a.
n.a.
n.a.
601.0
108.0
n.a.
493.0
n.a.
11.0
n.a.
18.0
522.0
3.0
490.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
127,978.0
3,484.0
124,494.0
127,978.0
7,274.0
n.a.
22,000.0
n.a.
54,113.0
31,744.0
n.a.
18,901.0
710.0
1,529.0
106,997.0
1,503.0
n.a.
44.0
n.a.
8,686.0
262,221.0
2,320.0
n.a.
n.a.
3,066.0
215.0
46.0
52.0
n.a.
n.a.
2,300.0
270,220.0
68,132.0
n.a.
50,127.0
118,259.0
45,713.0
n.a.
9,079.0
173,051.0
37,482.0
n.a.
n.a.
37,482.0
32,586.0
n.a.
243,119.0
n.a.
n.a.
1,064.0
n.a.
450.0
253.0
n.a.
n.a.
8,768.0
253,654.0
2,720.0
n.a.
13,503.0
33.0
n.a.
n.a.
310.0
13,846.0
270,220.0
13,585.0
15,588.5
3.85
1.06
3.03
1.01
2.07
1.43
2.07
26.85
70.42
1.87
14.16
0.78
77.00
3.26
0.18
17.97
1.77
0.41
3.63
0.20
3.85
0.21
n.a.
0.45
0.48
12.50
14.35
5.03
13.30
14.70
12.10
5.12
n.a.
n.a.
n.a.
3.56
10.69
8.77
5.68
2.72
47.90
27.37
1.23
0.29
5.68
108.22
48.13
56.17
n.a.
n.a.
10,405.0
n.a.
1,515.0
40.0
282,180.0
108,637.0
n.a.
108,637.0
119,853.5
230,016.9
245,886.4
n.a.
216,665.8
13,355.0
13,568.9
106,425.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
493.0
n.a.
493.0
13,846.0
n.a.
n.a.
13,846.0
13,846.0
0.0
0.0
215.0
46.0
0.0
0.0
0.0
13,585.0
2,003.5
0.0
15,588.5
5,822.1
n.a.
n.a.
n.a.
n.a.
4,611.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,128.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
18,901.0
n.a.
n.a.
n.a.
n.a.
n.a.
472.0
130.0
342.0
571.0
2,913.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
648.0
n.a.
12,855.0
n.a.
n.a.
n.a.
33.0
13,813.0
13,846.0
n.a.
n.a.
n.a.
310.0
310.0
n.a.
n.a.
n.a.
n.a.
310.0
n.a.
310.0
n.a.
13,846.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,423.0
n.a.
1,292.0
2,003.5
2,003.5
14,409.0
15,983.0
13.30
14.70
108,637.0
82,935.0
14,091.0
11,611.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
106,997.0
n.a.
106,997.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,802
n.a.
13.30
12.10
14.70
n.a.
n.a.
n.a.
n.a.
n.a.
6,108.0
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2011
2.72
31.03
47.90
5.68
0.28
17.33
52.54
27.37
13.30
14.70
5.12
11.12
8.00
5.46
6.13
13.31
9.57
6.53
n.s.
1.91
1.86
0.68
2.36
0.17
0.02
0.19
3.63
n.a.
n.a.
32.25
70.49
0.75
48.13
46.07
71.94
51.21
45.32
32.26
2010 2009
200.60 133.00
190.30 103.50
195.80 128.00
226.20 146.00
193.80 145.50
177.80 152.00
199.40 192.50
193.50 220.00
213.20 212.00
240.00 190.00
234.10 160.00
259.00 202.50
4)
4/2011)
Representative)
Representative)
Representative)
(since 02/08/1995)
DK17616617
10609
Active
+45 89 89 89 89
+45 89 89 19 99
www.jyskebank.dk
C2
JYSKEI
Annual reports
10/19/2012
ALLBANKS
7
7
425
438
n
IFRS
Unqualified
Original
31/12/2010
12 months
mil DKK
114,023.0
117,658.4
3,635.4
123,354.6
16,245.2
21,666.0
68,847.6
16,595.8
237,377.6
2,589.1
4,147.5
244,114.2
148,251.1
98,019.8
32,475.3
17,756.0
70,457.7
21,818.0
n.a.
48,639.7
10,824.0
n.a.
1,229.7
13,351.7
244,114.2
8,688.0
3,635.4
72,584.5
239.9
16,131.4
3,256.8
n.a.
Unqualified
Original
31/12/2010
12 months
mil DKK
4,746.7
2,153.0
431.3
n.a.
1,320.0
401.7
4,098.5
1,797.8
n.a.
1,003.4
246.3
757.1
6,877.8
n.a.
15.80
14.10
16,070.7
14,306.5
250.0
IFRS
Unqualified
Original
31/12/2010
12 months
mil DKK
4,299.2
1,982.4
23.4
6,305.0
792.3
766.0
1,558.3
4,746.7
431.3
n.a.
n.a.
n.a.
1,320.0
379.8
2,131.1
2,417.1
1,681.4
4,098.5
21.9
2,801.2
1,797.8
n.a.
1,003.4
n.a.
n.a.
n.a.
n.a.
n.a.
1,003.4
246.3
n.a.
757.1
n.a.
24.0
n.a.
63.0
844.1
-0.1
757.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
117,658.4
3,635.4
114,023.0
117,658.4
8,688.0
n.a.
16,245.2
n.a.
54,801.8
21,666.0
n.a.
12,405.0
521.4
1,119.4
90,513.6
2,024.0
n.a.
35.7
n.a.
16,560.1
237,377.6
1,537.5
n.a.
n.a.
2,589.1
215.6
24.3
93.6
1.5
n.a.
2,275.0
244,114.2
65,778.0
n.a.
32,241.8
98,019.8
32,475.3
n.a.
17,756.0
148,251.1
45,382.9
n.a.
n.a.
45,382.9
21,818.0
n.a.
215,452.0
n.a.
n.a.
1,229.7
33.8
519.4
176.7
n.a.
n.a.
10,094.1
227,505.7
3,256.8
n.a.
13,020.9
31.5
n.a.
0.1
299.2
13,351.7
244,114.2
13,111.8
15,562.3
3.73
0.82
2.89
0.76
2.18
1.35
2.18
30.99
59.59
1.73
21.74
1.18
64.18
7.79
0.42
24.55
2.76
0.99
5.88
0.32
6.55
0.36
n.a.
0.75
0.83
12.91
15.32
5.38
14.10
15.80
n.a.
5.47
n.a.
n.a.
n.a.
5.67
8.69
3.61
7.38
3.09
41.84
37.84
1.56
0.22
7.38
120.04
50.02
50.62
n.a.
n.a.
14,434.9
n.a.
1,657.7
38.8
260,245.6
101,572.2
n.a.
101,572.2
115,109.2
218,194.0
237,473.8
n.a.
205,099.7
12,732.3
12,883.7
96,298.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
757.1
n.a.
757.1
13,351.7
n.a.
n.a.
13,351.7
13,351.7
0.0
0.0
215.6
24.3
0.0
0.0
0.0
13,111.8
2,450.5
0.0
15,562.3
5,619.3
n.a.
n.a.
n.a.
n.a.
4,299.2
n.a.
n.a.
n.a.
n.a.
n.a.
792.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
12,405.0
n.a.
n.a.
n.a.
n.a.
n.a.
372.2
122.2
250.0
521.7
3,113.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
648.0
n.a.
11,615.7
757.1
n.a.
n.a.
31.5
13,320.2
13,351.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
13,351.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,613.0
n.a.
1,644.0
2,450.5
2,450.5
14,306.5
16,070.7
14.10
15.80
101,572.2
79,894.9
14,008.6
10,668.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
90,513.6
n.a.
90,513.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,886
n.a.
14.10
n.a.
15.80
n.a.
n.a.
n.a.
n.a.
n.a.
4,999.2
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2010
3.09
37.88
41.84
7.38
0.22
9.79
65.07
37.84
14.10
15.80
5.47
11.71
9.01
5.87
6.80
14.57
11.20
7.30
n.s.
2.09
2.03
0.92
2.52
n.a.
-0.11
0.32
5.85
n.a.
n.a.
n.a.
59.40
1.20
50.02
46.71
76.91
52.92
48.96
33.69
2008
318.00
341.00
317.00
330.00
320.50
282.50
303.50
284.50
261.50
173.00
135.50
122.50
Body
BoD
SupB
AudC
BoD
SupB
AudC
BoD
SupB
AudC
BoD
SupB
BoD
SupB
AudC
BoD
SupB
SupB
AudC
SupB
SupB
ExeB
ExeB
ExeB
ExeB
Dept
SenMan
SenMan
SenMan
SenMan
FinAcc
Outlook Watch
Stable
IFRS
Unqualified
Original
31/12/2009
12 months
mil DKK
110,591.7
113,555.7
2,964.0
107,312.7
18,658.4
16,277.5
58,873.3
13,503.5
217,904.4
2,564.7
4,124.7
224,593.8
129,686.0
95,323.7
20,396.2
13,966.1
68,801.3
15,248.3
n.a.
53,553.0
12,683.1
n.a.
900.8
12,522.6
224,593.8
2,050.0
2,964.0
78,540.2
262.0
15,280.6
n.a.
3,251.6
Unqualified
Original
31/12/2009
12 months
mil DKK
4,544.0
2,465.9
878.4
n.a.
1,266.0
321.5
3,726.4
2,657.8
3.4
629.1
158.1
471.0
7,011.6
n.a.
15.30
13.50
15,386.4
13,524.8
-93.1
IFRS
Unqualified
Original
31/12/2009
12 months
mil DKK
5,510.9
2,209.5
35.8
7,756.2
1,870.2
1,342.0
3,212.2
4,544.0
878.4
n.a.
n.a.
n.a.
1,266.0
323.2
2,467.6
2,144.6
1,581.8
3,726.4
-1.7
3,283.5
2,657.8
n.a.
625.7
n.a.
n.a.
n.a.
n.a.
3.4
629.1
158.1
n.a.
471.0
n.a.
n.a.
n.a.
n.a.
471.0
7.1
463.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
113,555.7
2,964.0
110,591.7
113,555.7
2,050.0
n.a.
18,658.4
n.a.
58,865.2
16,277.5
n.a.
n.a.
8.1
n.a.
75,150.8
1,366.6
n.a.
33.5
n.a.
13,470.0
217,904.4
1,016.6
n.a.
n.a.
2,564.7
215.2
46.8
145.1
8.0
n.a.
2,693.0
224,593.8
72,116.2
n.a.
23,207.5
95,323.7
20,396.2
n.a.
13,966.1
129,686.0
50,301.4
3,251.6
n.a.
53,553.0
15,248.3
n.a.
198,487.3
n.a.
n.a.
900.8
42.3
518.5
178.4
n.a.
n.a.
11,943.9
212,071.2
n.a.
n.a.
12,203.7
36.9
n.a.
0.4
281.6
12,522.6
224,593.8
n.a.
n.a.
4.60
1.85
3.68
1.65
2.16
0.89
2.16
35.19
53.15
1.65
29.12
1.46
80.94
5.55
0.28
25.13
3.27
0.62
4.18
0.21
4.18
0.21
n.a.
0.47
0.47
n.a.
n.a.
5.46
13.50
15.30
n.a.
5.58
n.a.
n.a.
n.a.
3.76
-5.17
-12.97
1.81
2.61
144.59
-7.30
2.22
-0.08
1.81
119.13
91.48
52.02
n.a.
n.a.
13,276.9
n.a.
1,965.3
38.4
239,874.4
100,420.3
n.a.
100,420.3
119,772.7
210,782.2
225,435.3
n.a.
194,419.1
9,100.5
11,276.4
101,334.9
43,989.9
30,017.7
17,350.5
19,233.6
n.a.
n.a.
n.a.
n.a.
17,507.2
1,151.2
n.a.
n.a.
82,032.8
4,075.9
2,692.2
6,522.7
n.a.
n.a.
n.a.
n.a.
2,814.2
17,582.0
n.a.
n.a.
n.a.
31,741.3
18,560.1
n.a.
50,301.4
n.a.
n.a.
n.a.
1,089.8
2,161.8
n.a.
3,251.6
n.a.
471.0
n.a.
471.0
12,522.6
n.a.
n.a.
12,522.6
12,522.6
n.a.
n.a.
215.2
46.8
8.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
5,510.9
n.a.
n.a.
n.a.
n.a.
n.a.
1,870.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
93.1
-93.1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
648.0
n.a.
11,084.6
471.0
n.a.
n.a.
36.9
12,485.7
12,522.6
n.a.
0.4
n.a.
281.7
282.1
n.a.
n.a.
n.a.
n.a.
282.1
n.a.
282.1
n.a.
12,522.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
8.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
13,524.8
15,386.4
13.50
15.30
100,420.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
75,150.8
n.a.
75,150.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,042
n.a.
13.50
n.a.
15.30
n.a.
n.a.
n.a.
n.a.
n.a.
8,098.3
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2009
2.61
58.49
144.59
1.81
-0.08
-2.98
16.37
n.a.
13.50
15.30
5.58
11.32
9.66
6.00
7.02
14.26
12.16
7.55
20.61
2.02
1.97
1.07
2.77
0.27
-0.07
0.20
4.05
n.a.
n.a.
0.72
53.16
1.42
91.48
49.24
85.28
56.65
60.56
40.23
2007
492.22
482.22
498.89
491.11
471.11
441.67
481.11
452.22
406.50
424.00
407.00
402.00
10/30/2012
175.80
205.00
141.00
10/30/2012
-0.40
2.21
5.52
1.97
9.11
20.41
19.35
0.44
0.39
1.00
0.25
0.19
0.55
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.39
0.25
0.22
0.22
0.19
Source
KO
VI
VI
KO
VI
VI
KO
VI
VI
KO
VI
KO
VI
VI
KO
VI
VI
VI
VI
VI
VI
VI
VI
VI
Source
KO
KO, VI
KO
KO
VI
IFRS
Unqualified
Original
31/12/2008
12 months
mil DKK
129,116.6
130,474.9
1,358.3
103,418.2
30,467.0
23,938.3
36,178.8
12,834.1
232,534.8
537.7
3,775.2
236,847.7
149,517.8
105,609.8
32,500.4
11,407.6
63,312.3
23,105.5
n.a.
40,206.8
12,652.1
n.a.
643.1
10,722.4
236,847.7
700.0
1,358.3
67,567.8
284.0
13,716.0
n.a.
3,282.0
Unqualified
Original
31/12/2008
12 months
mil DKK
3,664.8
2,478.9
685.3
n.a.
1,513.1
280.5
3,795.7
1,082.2
25.2
1,291.0
303.1
987.9
6,139.2
n.a.
12.70
11.00
13,388.8
11,619.2
-186.8
IFRS
Unqualified
Original
31/12/2008
12 months
mil DKK
9,587.7
1,373.2
26.7
10,987.6
5,524.5
1,798.3
7,322.8
3,664.8
685.3
n.a.
n.a.
n.a.
1,513.1
276.0
2,474.4
2,314.3
1,481.4
3,795.7
4.5
2,348.0
1,082.2
n.a.
1,265.8
n.a.
n.a.
n.a.
n.a.
25.2
1,291.0
303.1
n.a.
987.9
n.a.
n.a.
-1.6
6.7
993.0
15.1
972.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
130,474.9
1,358.3
129,116.6
130,474.9
700.0
n.a.
30,467.0
n.a.
36,170.5
23,938.3
n.a.
n.a.
8.3
n.a.
60,117.1
597.8
n.a.
2,059.6
n.a.
10,774.5
232,534.8
930.3
n.a.
n.a.
537.7
215.5
68.5
148.9
40.5
n.a.
2,371.5
236,847.7
67,317.2
n.a.
38,292.6
105,609.8
32,500.4
n.a.
11,407.6
149,517.8
36,924.8
3,282.0
n.a.
40,206.8
23,105.5
n.a.
212,830.1
n.a.
n.a.
643.1
60.2
662.5
197.7
n.a.
n.a.
11,731.7
226,125.3
n.a.
n.a.
10,403.9
44.9
n.a.
n.a.
273.6
10,722.4
236,847.7
n.a.
n.a.
6.94
5.50
5.07
3.81
1.69
1.19
1.69
40.30
61.83
1.69
22.75
1.04
46.09
12.27
0.56
23.48
2.22
1.20
9.57
0.44
9.62
0.44
n.a.
0.94
0.94
n.a.
n.a.
4.40
11.00
12.70
n.a.
4.53
n.a.
n.a.
n.a.
9.21
10.53
-3.19
0.54
1.04
194.04
-6.14
0.78
-0.14
0.54
123.54
93.74
55.66
n.a.
n.a.
12,173.0
n.a.
1,447.1
95.9
250,563.7
105,553.3
n.a.
105,553.3
138,123.0
216,681.2
225,148.1
n.a.
192,232.6
10,003.9
10,319.8
100,524.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,282.0
n.a.
987.9
n.a.
n.a.
10,722.4
n.a.
n.a.
n.a.
10,722.4
n.a.
n.a.
215.5
68.5
40.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
9,587.7
n.a.
n.a.
n.a.
n.a.
n.a.
5,524.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
35,086.5
n.a.
n.a.
n.a.
n.a.
1,084.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
36,170.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,084.0
n.a.
186.8
-186.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
540.0
n.a.
9,863.9
n.a.
n.a.
n.a.
44.9
10,677.5
10,403.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
10,722.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
40.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
11,619.2
13,388.8
11.00
12.70
105,553.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
60,117.1
n.a.
60,117.1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,143
n.a.
11.00
n.a.
12.70
n.a.
n.a.
n.a.
n.a.
n.a.
11,997.5
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2008
1.04
29.53
194.04
0.54
-0.14
-9.02
6.53
n.a.
11.00
12.70
4.53
8.30
7.17
4.81
5.91
10.85
9.37
6.28
23.44
1.65
1.63
1.10
2.16
0.56
-0.12
0.44
9.67
n.a.
n.a.
2.55
61.78
1.04
93.74
54.52
86.36
61.62
45.19
32.25
2006
342.22
365.56
376.67
399.44
426.67
375.56
361.67
373.33
376.67
387.22
410.00
445.56
IFRS IFRS IFRS
Unqualified Unqualified Audited
Original Original Original
31/12/2007 31/12/2006 31/12/2005
12 months 12 months 12 months
mil DKK mil DKK mil DKK
2005
226.67
228.61
238.61
248.33
256.67
300.56
321.11
338.89
348.33
347.22
327.78
343.89
IFRS
Audited
Original
31/12/2004
12 months
mil DKK
74,598.1
76,451.3
1,853.2
35,362.0
10,038.9
n.a.
16,339.5
8,983.6
109,960.1
n.a.
15,213.1
125,173.2
81,108.2
60,868.0
12,452.8
7,787.4
14,651.8
n.a.
n.a.
14,651.8
20,889.7
n.a.
665.2
7,858.3
125,173.2
3,216.0
1,853.2
27,118.8
315.9
20,943.2
n.a.
2,737.2
Audited
Original
31/12/2004
12 months
mil DKK
2,736.7
2,580.5
n.a.
n.a.
1,082.4
1,498.1
3,029.7
327.0
n.a.
1,960.5
553.5
1,407.0
5,120.0
n.a.
11.90
8.90
n.a.
n.a.
n.a.
IFRS
Audited
Original
31/12/2004
12 months
mil DKK
3,406.0
663.4
42.0
4,111.4
1,069.7
305.0
1,374.7
2,736.7
n.a.
n.a.
n.a.
n.a.
1,082.4
1,300.9
2,383.3
1,802.7
1,227.0
3,029.7
197.2
2,287.5
327.0
n.a.
1,960.5
n.a.
n.a.
n.a.
n.a.
n.a.
1,960.5
553.5
n.a.
1,407.0
n.a.
n.a.
n.a.
121.4
1,528.4
5.4
1,401.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
76,451.3
1,853.2
74,598.1
76,451.3
3,216.0
n.a.
10,038.9
n.a.
16,262.1
n.a.
n.a.
n.a.
77.4
n.a.
16,339.5
1,843.7
n.a.
1,541.2
n.a.
7,442.4
109,960.1
817.8
n.a.
n.a.
n.a.
183.8
132.1
393.5
19.3
n.a.
13,666.6
125,173.2
45,347.5
n.a.
15,520.5
60,868.0
12,452.8
n.a.
7,787.4
81,108.2
11,914.6
2,737.2
n.a.
14,651.8
n.a.
n.a.
95,760.0
n.a.
n.a.
665.2
47.3
329.2
n.a.
n.a.
n.a.
20,513.2
117,314.9
n.a.
n.a.
7,650.8
86.1
n.a.
n.a.
121.4
7,858.3
125,173.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
46.55
59.17
n.a.
n.a.
n.a.
14.30
n.a.
n.a.
28.23
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6.03
8.90
11.90
n.a.
6.28
n.a.
n.a.
n.a.
17.90
n.a.
n.a.
4.21
2.42
57.62
17.34
n.a.
n.a.
4.21
125.60
80.62
63.56
n.a.
n.a.
18,633.7
n.a.
2,309.5
n.a.
146,116.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,737.2
n.a.
1,407.0
n.a.
n.a.
7,858.3
n.a.
n.a.
n.a.
7,858.3
n.a.
n.a.
183.8
132.1
19.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,406.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,069.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
15,122.9
n.a.
n.a.
n.a.
n.a.
1,139.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
16,262.1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,139.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
680.0
n.a.
6,970.8
n.a.
n.a.
n.a.
86.1
7,772.2
7,650.8
n.a.
n.a.
n.a.
0.0
0.0
n.a.
n.a.
n.a.
n.a.
0.0
n.a.
0.0
n.a.
7,858.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
19.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
8.90
11.90
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
16,339.5
n.a.
16,339.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,559
n.a.
8.90
n.a.
11.90
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2004
2.42
11.95
57.62
4.21
n.a.
n.a.
40.93
17.34
8.90
11.90
6.28
10.53
9.69
6.86
8.47
14.20
13.06
9.25
25.83
2.49
2.19
2.06
2.68
n.a.
-0.44
1.12
17.91
n.a.
n.a.
n.a.
56.98
1.83
80.62
59.60
91.97
80.19
33.44
29.15
Sydbank A/S
6200 AABENRAA
DENMARK
Publicly quoted
This entity is the GUO of the Corporate Group
Contact details
4, PEBERLYK
6200 AABENRAA
DENMARK
Bank History :
Established in 1970. In 1990, absorbed Sparekassen Sonderjylland A/S and its name changed to Sydbank Sonderjylland A/S. In 19
Status
Accounting Standards
Accounts published in
Name of the Auditor
Types of accounts available
No of recorded shareholders
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Debt Securities < 3 Months
Debt Securities 3 - 12 Months
Debt Securities 1 - 5 Years
Debt Securities > 5 Years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Type of share:
ISIN number:
SEDOL number:
Ticker symbol:
Nominal value (DKK):
BETA
Reference index 2:
Ref. index 2 - Beta - 3 months
Ref. index 2 - Beta - 1 month
Ref. index 2 - Beta - 1 year
Ref. index 2 - Correlation coefficient - 3 months
Ref. index 2 - Correlation coefficient - 1 month
Ref. index 2 - Correlation coefficient - 1 year
Reference index 3:
Ref. index 3 - Beta - 3 months
Ref. index 3 - Beta - 1 month
Ref. index 3 - Beta - 1 year
Ref. index 3 - Correlation coefficient - 3 months
Ref. index 3 - Correlation coefficient - 1 month
Ref. index 3 - Correlation coefficient - 1 year
Reference index 4:
Ref. index 4 - Beta - 3 months
Ref. index 4 - Beta - 1 month
Ref. index 4 - Beta - 1 year
Ref. index 4 - Correlation coefficient - 3 months
Ref. index 4 - Correlation coefficient - 1 month
Ref. index 4 - Correlation coefficient - 1 year
Reference index 5:
Ref. index 5 - Beta - 3 months
Ref. index 5 - Beta - 1 month
Ref. index 5 - Beta - 1 year
Ref. index 5 - Correlation coefficient - 3 months
Ref. index 5 - Correlation coefficient - 1 month
Ref. index 5 - Correlation coefficient - 1 year
Date
1 01/10/2012
2 21/03/2012
3 01/11/2011
4 28/01/2011
5 30/11/2009
6 15/09/2009
7 18/08/2009
8 14/08/2008
9 25/04/2008
10 01/02/2008
11 25/04/2007
12 22/02/2007
13 14/08/2006
14 28/04/2006
15 13/03/2006
16 13/03/2006
17 10/08/2005
18 21/03/2005
19 07/03/2005
20 21/12/2004
21 17/09/2004
22 05/04/2004
23 23/01/2004
24 16/09/2003
25 30/06/2003
26 23/06/2003
27 02/04/2003
Source : Zephyr
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
Management & staff
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
k Sonderjylland A/S. In 1995, was renamed Sydbank A/S. On May 13, 2002, absorbed Egnsbank Fyn.
Active
International Financial Repo
mil DKK
KPMG
Cons., Uncons. & Add. Cons
26
123
Commercial Banks
nager for more information.
Name
Mr. Kresten Philipsen
P002017997
l DKK
PMG
ons., Uncons. & Add. Cons.
3
ommercial Banks
Rating Date
A 01/10/2012
BBB 01/10/2012
74,249,999
7,877,925
Ordinary Shares
DK0010311471
B06JSP1
SYDB
10.00
2012 2011
96.85 157.20
107.20 140.00
101.50 132.80
97.70 146.00
98.40 131.00
94.95 114.80
98.10 121.70
100.90 105.00
109.40 98.95
n.a. 100.20
n.a. 98.50
n.a. 90.10
dit reduces its shareholding in Sydbank (deal no. 1601407360)
ses its stake in Sydbank (deal no. 1601359223)
stake in Value-Call (deal no. 1601313698)
s Tillægspension and Arbejdsmarkedets Erhvervssygdomssikrin sells reduce stake in Sydbank (deal no. 1601242420)
ydbank have sold Derma Pharm (deal no. 1601139802)
es offering (deal no. 1601105617)
ring acquisitions (deal no. 1601105987)
est have increased their stake in Sydbank (deal no. 1601009372)
l has been listed on OMX Nordic Exchange Copenhagen (deal no. 640591)
uired bankTrelleborg (deal no. 611310)
rsen sells shares in Sydbank (deal no. 1000002956)
es DMK-Holding (deal no. 517684)
p acquires shares in Sydbank (deal no. 468458)
p sells shares in Sydbank (deal no. 439228)
p acquires shares in Sydbank (deal no. 427123)
in Sydbank (deal no. 427141)
ational Investors has decreased its stake in Sydbank (deal no. 368029)
nts has increased its stake in Sydbank (deal no. 330450)
nts has decreased its stake in Sydbank (deal no. 330451)
ke in PBS International Holding (deal no. 304359)
ase its stake in Totalkredit (deal no. 204890)
shares in Sydbank (deal no. 238235)
reased its stake in Sydbank (deal no. 224821)
ares in FLS Industries (deal no. 190291)
s stake in PBS International (deal no. 175858)
decreased its stake in Sydbank (deal no. 174744)
ed shares to employees (deal no. 160174)
- General manager
- Deputy Group Chief Executive
- Deputy Group Chief Executive
- Assistant Manager
- Assistant Manager
BvD ID number
Index number
Status
Phone number
Fax number
Web Site Address
Consolidation Code
Nickname
Source
Release Date
Model
IFRS
Unqualified
Original
31/12/2011
12 months
mil DKK
76,505.0
78,341.0
1,836.0
57,174.0
8,526.0
n.a.
40,095.0
8,553.0
133,679.0
1,100.0
18,662.0
153,441.0
121,479.0
66,724.0
38,767.0
15,988.0
2,194.0
n.a.
n.a.
2,194.0
20,119.0
n.a.
54.0
9,595.0
153,441.0
3,141.0
1,836.0
49,368.0
12.0
8,829.0
1,382.0
743.0
Unqualified
Original
31/12/2011
12 months
mil DKK
3,156.0
1,030.0
-42.0
16.0
1,085.0
-29.0
2,687.0
1,198.0
n.a.
301.0
113.0
188.0
4,263.0
4.0
16.10
15.20
11,392.0
10,706.0
517.0
IFRS
Unqualified
Original
31/12/2011
12 months
mil DKK
3,363.0
1,000.0
28.0
4,391.0
635.0
600.0
1,235.0
3,156.0
-42.0
n.a.
16.0
n.a.
1,085.0
48.0
1,107.0
1,527.0
1,160.0
2,687.0
-77.0
1,499.0
1,198.0
n.a.
301.0
n.a.
n.a.
n.a.
n.a.
n.a.
301.0
113.0
n.a.
188.0
n.a.
n.a.
n.a.
-15.0
173.0
n.a.
188.0
4.0
n.a.
n.a.
n.a.
n.a.
n.a.
78,341.0
1,836.0
76,505.0
78,341.0
3,141.0
7,658.0
8,526.0
n.a.
39,903.0
n.a.
n.a.
n.a.
192.0
n.a.
40,095.0
715.0
n.a.
n.a.
n.a.
8,553.0
133,679.0
939.0
n.a.
n.a.
1,100.0
n.a.
12.0
13.0
5.0
n.a.
17,693.0
153,441.0
40,941.0
n.a.
25,783.0
66,724.0
38,767.0
n.a.
15,988.0
121,479.0
69.0
743.0
n.a.
812.0
n.a.
n.a.
122,291.0
n.a.
n.a.
54.0
n.a.
202.0
6.0
n.a.
n.a.
19,911.0
142,464.0
1,382.0
n.a.
9,595.0
n.a.
n.a.
n.a.
n.a.
9,595.0
153,441.0
n.a.
n.a.
4.10
0.97
3.34
1.03
2.40
1.49
2.40
25.97
63.03
1.83
15.67
1.02
79.92
3.15
0.20
37.54
2.12
0.43
1.97
0.13
1.81
0.12
n.a.
0.27
0.24
n.a.
n.a.
6.24
15.20
16.10
n.a.
6.25
2.13
2.31
n.a.
1.92
1.72
-8.39
4.01
2.34
58.45
13.60
1.46
0.63
4.01
117.41
21.99
54.56
n.a.
n.a.
7,090.0
n.a.
490.0
1,249.0
162,270.0
70,659.0
n.a.
70,659.0
82,006.0
131,569.2
146,904.4
n.a.
119,873.2
9,509.6
9,564.0
65,581.4
27,912.0
26,490.0
13,077.0
9,026.0
n.a.
n.a.
n.a.
n.a.
8,285.0
206.0
34.0
1.0
59,834.0
2,316.0
679.0
3,895.0
n.a.
n.a.
n.a.
n.a.
37,222.0
1,124.0
112.0
309.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
743.0
n.a.
188.0
n.a.
188.0
9,595.0
n.a.
n.a.
9,595.0
9,595.0
n.a.
n.a.
n.a.
12.0
5.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,363.0
n.a.
n.a.
n.a.
n.a.
n.a.
635.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
559.0
42.0
517.0
167.0
1,669.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
742.0
425.0
8,300.0
n.a.
n.a.
n.a.
n.a.
9,595.0
9,595.0
n.a.
n.a.
n.a.
121.0
121.0
n.a.
n.a.
n.a.
n.a.
121.0
n.a.
121.0
n.a.
9,595.0
n.a.
n.a.
n.a.
7.0
4.0
4.0
n.a.
5.0
n.a.
n.a.
1,382.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
10,706.0
11,392.0
15.20
16.10
70,659.0
52,303.0
10,288.0
8,068.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
40,095.0
n.a.
40,095.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,152
n.a.
15.20
n.a.
16.10
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2011
2.34
37.96
58.45
4.01
0.63
37.30
32.74
13.60
15.20
16.10
6.25
12.54
7.90
6.77
7.64
15.32
9.65
8.27
6.34
2.34
2.07
0.68
2.55
n.a.
-0.07
0.12
1.96
2.13
1.92
n.a.
64.19
0.99
21.99
49.86
62.98
62.94
40.64
40.62
2010 2009
139.90 78.00
134.50 69.00
147.80 71.50
164.60 95.75
142.10 113.00
124.80 122.25
142.50 132.00
124.00 145.50
127.40 133.25
141.00 124.50
141.00 118.50
151.30 133.75
)
2008)
1992)
2008)
DK12626509
10629
Active
+45 74 37 37 37
+45 74 37 35 49
www.sydbank.com
C2
SYDCIFRS
Annual Report
8/31/2012
ALLBANKS
11
11
641
669
n
IFRS
Unqualified
Original
31/12/2010
12 months
mil DKK
83,752.0
85,515.0
1,763.0
52,672.0
7,527.0
n.a.
37,222.0
7,923.0
136,424.0
1,150.0
13,269.0
150,843.0
116,060.0
64,161.0
40,250.0
11,649.0
9,845.0
n.a.
n.a.
9,845.0
15,328.0
n.a.
56.0
9,554.0
150,843.0
3,020.0
1,763.0
45,297.0
13.0
9,901.0
1,384.0
945.0
Unqualified
Original
31/12/2010
12 months
mil DKK
3,240.0
1,434.0
394.0
26.0
1,146.0
-132.0
2,717.0
1,399.0
n.a.
558.0
147.0
411.0
4,672.0
n.a.
15.40
14.30
11,329.0
10,559.0
847.0
IFRS
Unqualified
Original
31/12/2010
12 months
mil DKK
3,236.0
953.0
22.0
4,211.0
483.0
488.0
971.0
3,240.0
394.0
n.a.
26.0
n.a.
1,146.0
-134.0
1,432.0
1,453.0
1,264.0
2,717.0
2.0
1,957.0
1,399.0
n.a.
558.0
n.a.
n.a.
n.a.
n.a.
n.a.
558.0
147.0
n.a.
411.0
n.a.
-1.0
0.0
0.0
410.0
n.a.
411.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
85,515.0
1,763.0
83,752.0
85,515.0
3,020.0
10,724.0
7,527.0
n.a.
36,915.0
n.a.
n.a.
n.a.
307.0
n.a.
37,222.0
452.0
n.a.
n.a.
n.a.
7,923.0
136,424.0
855.0
n.a.
n.a.
1,150.0
0.0
13.0
82.0
11.0
n.a.
12,308.0
150,843.0
43,635.0
n.a.
20,526.0
64,161.0
40,250.0
n.a.
11,649.0
116,060.0
7,516.0
945.0
n.a.
8,461.0
n.a.
n.a.
124,521.0
n.a.
n.a.
56.0
8.0
225.0
11.0
n.a.
n.a.
15,084.0
139,905.0
1,384.0
n.a.
9,418.0
n.a.
n.a.
n.a.
136.0
9,554.0
150,843.0
9,537.0
9,537.0
3.83
0.75
3.04
0.77
2.34
1.33
2.34
30.65
58.15
1.77
20.86
1.28
71.49
5.95
0.36
26.34
2.65
0.76
4.38
0.27
4.37
0.27
n.a.
0.56
0.56
12.94
12.94
6.33
14.30
15.40
n.a.
6.33
n.a.
n.a.
n.a.
4.30
-4.42
-4.19
3.53
2.06
58.38
13.16
1.65
1.00
3.53
133.28
18.70
51.53
n.a.
n.a.
8,308.0
n.a.
99.0
1,494.0
160,744.0
73,716.0
n.a.
73,716.0
84,547.6
138,417.4
153,150.8
n.a.
126,563.0
9,181.6
9,379.4
64,315.0
33,789.0
25,406.0
14,923.0
9,634.0
n.a.
n.a.
n.a.
n.a.
4,649.0
465.0
2,394.0
19.0
n.a.
n.a.
n.a.
n.a.
57,599.0
2,149.0
631.0
3,782.0
38,610.0
871.0
485.0
284.0
n.a.
3,726.0
7,516.0
n.a.
11,242.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
945.0
n.a.
411.0
n.a.
411.0
9,554.0
n.a.
n.a.
9,554.0
9,554.0
0.0
0.0
0.0
13.0
4.0
0.0
0.0
9,537.0
0.0
0.0
9,537.0
4,087.3
n.a.
n.a.
n.a.
n.a.
3,236.0
n.a.
n.a.
n.a.
n.a.
n.a.
483.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
880.0
33.0
847.0
166.0
1,597.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
742.0
423.0
8,169.0
n.a.
n.a.
n.a.
n.a.
9,554.0
9,554.0
n.a.
n.a.
n.a.
136.0
136.0
n.a.
n.a.
n.a.
0.0
136.0
n.a.
136.0
n.a.
9,554.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,384.0
n.a.
n.a.
n.a.
n.a.
n.a.
0.0
10,559.0
11,329.0
14.30
15.40
73,716.0
58,040.0
8,298.0
7,378.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
37,222.0
n.a.
37,222.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,284
n.a.
14.30
n.a.
15.40
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2010
2.06
43.18
58.38
3.53
0.97
46.80
31.61
13.16
14.30
15.40
6.33
11.41
8.23
6.88
7.88
14.19
10.24
8.55
7.95
2.30
2.10
0.93
2.67
n.a.
-0.10
0.27
4.40
n.a.
n.a.
n.a.
58.13
1.27
18.70
55.52
72.16
67.77
39.03
36.66
2008
179.00
179.25
171.75
179.50
206.50
180.50
182.50
165.75
156.25
90.00
65.00
64.25
Body
BoD
AudC
RemC
BoD
BoD
AudC
RemC
BoD
BoD
AudC
BoD
BoD
BoD
BoD
BoD
BoD
RemC
BoD
BoD
BoD
ExeB
ExeB
ExeB
Dept
SenMan
SenMan
SenMan
SenMan
SenMan
Sales
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
Oper
OthDep
OthDep
Outlook Watch
Stable
IFRS
Unqualified
Original
31/12/2009
12 months
mil DKK
87,474.0
89,252.0
1,778.0
57,730.0
12,489.0
n.a.
38,504.0
6,737.0
145,204.0
1,183.0
11,434.0
157,821.0
125,664.0
68,780.0
45,314.0
11,570.0
6,911.0
n.a.
n.a.
6,911.0
15,859.0
n.a.
269.0
9,118.0
157,821.0
3,126.0
1,778.0
51,545.0
14.0
12,128.0
1,381.0
1,743.0
Unqualified
Original
31/12/2009
12 months
mil DKK
3,436.0
1,417.0
530.0
51.0
963.0
-127.0
2,746.0
1,195.0
86.0
998.0
217.0
781.0
4,830.0
n.a.
15.20
13.10
11,809.0
10,224.0
396.0
IFRS
Unqualified
Original
31/12/2009
12 months
mil DKK
4,090.0
1,605.0
31.0
5,726.0
1,334.0
956.0
2,290.0
3,436.0
530.0
n.a.
51.0
n.a.
963.0
-150.0
1,394.0
1,454.0
1,292.0
2,746.0
23.0
2,107.0
1,195.0
n.a.
912.0
n.a.
86.0
n.a.
n.a.
n.a.
998.0
217.0
n.a.
781.0
n.a.
23.0
0.0
0.0
804.0
n.a.
781.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
89,252.0
1,778.0
87,474.0
89,252.0
3,126.0
12,930.0
12,489.0
n.a.
38,194.0
n.a.
n.a.
n.a.
310.0
n.a.
38,504.0
413.0
n.a.
2.0
n.a.
6,735.0
145,204.0
862.0
n.a.
n.a.
1,183.0
0.0
14.0
32.0
11.0
n.a.
10,515.0
157,821.0
46,557.0
n.a.
22,223.0
68,780.0
45,314.0
n.a.
11,570.0
125,664.0
3,787.0
1,743.0
n.a.
5,530.0
n.a.
n.a.
131,194.0
n.a.
n.a.
269.0
8.0
208.0
27.0
n.a.
n.a.
15,616.0
147,322.0
1,381.0
n.a.
8,973.0
n.a.
n.a.
n.a.
145.0
9,118.0
157,821.0
9,100.0
9,100.0
4.45
1.86
3.96
1.71
2.38
1.55
2.38
28.86
56.85
1.74
26.68
1.33
56.72
11.55
0.58
21.74
2.70
1.17
9.89
0.49
10.18
0.51
n.a.
1.00
1.03
11.68
11.68
5.77
13.10
15.20
n.a.
5.78
n.a.
n.a.
n.a.
8.57
1.18
-7.86
3.50
1.99
56.88
14.78
1.30
0.43
3.50
129.76
27.56
52.43
n.a.
n.a.
10,633.0
n.a.
14.0
1,481.0
169,949.0
77,909.0
n.a.
77,909.0
91,986.0
144,569.3
157,970.3
n.a.
134,135.0
7,782.0
7,897.7
71,799.7
34,893.0
27,382.0
17,281.0
7,918.0
n.a.
n.a.
n.a.
n.a.
11,426.0
565.0
490.0
8.0
n.a.
n.a.
n.a.
n.a.
63,080.0
690.0
697.0
4,313.0
43,455.0
869.0
803.0
187.0
n.a.
4,835.0
3,787.0
n.a.
8,622.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,743.0
n.a.
781.0
n.a.
781.0
9,118.0
n.a.
n.a.
9,118.0
9,118.0
0.0
0.0
0.0
14.0
4.0
0.0
0.0
9,100.0
0.0
0.0
9,100.0
3,900.0
n.a.
n.a.
n.a.
n.a.
4,090.0
n.a.
n.a.
n.a.
n.a.
n.a.
1,334.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
465.0
69.0
396.0
141.0
1,637.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
742.0
418.0
7,813.0
n.a.
n.a.
n.a.
n.a.
9,118.0
9,118.0
n.a.
n.a.
n.a.
145.0
145.0
n.a.
n.a.
n.a.
0.0
145.0
n.a.
145.0
n.a.
9,118.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,381.0
n.a.
n.a.
n.a.
n.a.
n.a.
0.0
10,224.0
11,809.0
13.10
15.20
77,909.0
62,608.0
8,764.0
6,537.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
38,504.0
n.a.
38,504.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,369
n.a.
13.10
n.a.
15.20
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2009
1.99
34.78
56.88
3.50
0.43
20.04
34.28
14.78
13.10
15.20
5.78
10.42
7.26
6.26
7.76
14.00
9.74
8.41
14.24
2.39
2.19
0.90
2.51
0.58
-0.08
0.50
9.64
n.a.
n.a.
11.01
56.58
1.34
27.56
55.43
69.61
67.57
41.02
39.82
2007
292.50
295.00
300.00
308.00
300.50
264.00
278.50
250.00
227.50
236.75
216.00
219.25
10/30/2012
106.10
115.60
87.25
10/30/2012
-0.28
-2.12
7.72
-3.02
15.22
15.58
12.22
0.55
0.21
0.99
0.37
0.19
0.60
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.33
0.21
0.17
0.15
0.13
Source
VI
VI
VI
KO
VI
VI
VI
KO
KO, VI
VI
KO, VI
KO, VI
KO, VI
VI
KO
VI
VI
VI
VI
KO, VI
VI
VI
VI
Source
VI
KO, VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
VI
IFRS
Unqualified
Original
31/12/2008
12 months
mil DKK
95,758.0
96,864.0
1,106.0
46,246.0
12,165.0
n.a.
28,296.0
5,785.0
142,004.0
1,159.0
12,812.0
155,975.0
121,163.0
75,007.0
38,889.0
7,267.0
12,825.0
n.a.
n.a.
12,825.0
14,820.0
n.a.
79.0
7,088.0
155,975.0
1,959.0
1,106.0
40,981.0
15.0
9,654.0
1,382.0
2,837.0
Unqualified
Original
31/12/2008
12 months
mil DKK
2,796.0
1,007.0
65.0
50.0
898.0
-6.0
2,579.0
575.0
162.0
811.0
205.0
606.0
3,786.0
n.a.
13.20
9.70
10,989.0
8,069.0
455.0
IFRS
Unqualified
Original
31/12/2008
12 months
mil DKK
5,525.0
1,932.0
31.0
7,488.0
2,737.0
1,955.0
4,692.0
2,796.0
65.0
n.a.
50.0
n.a.
898.0
-23.0
990.0
1,452.0
1,127.0
2,579.0
17.0
1,224.0
575.0
n.a.
649.0
n.a.
305.0
143.0
n.a.
n.a.
811.0
205.0
n.a.
606.0
n.a.
0.0
0.0
0.0
606.0
n.a.
606.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
96,864.0
1,106.0
95,758.0
96,864.0
1,959.0
13,282.0
12,165.0
n.a.
28,064.0
n.a.
n.a.
n.a.
232.0
n.a.
28,296.0
926.0
n.a.
8.0
n.a.
5,777.0
142,004.0
752.0
n.a.
n.a.
1,159.0
0.0
15.0
186.0
10.0
n.a.
11,849.0
155,975.0
43,496.0
n.a.
31,511.0
75,007.0
38,889.0
n.a.
7,267.0
121,163.0
8,606.0
2,837.0
n.a.
11,443.0
n.a.
n.a.
132,606.0
n.a.
n.a.
79.0
13.0
24.0
19.0
n.a.
n.a.
14,764.0
147,505.0
1,382.0
n.a.
6,977.0
n.a.
n.a.
n.a.
111.0
7,088.0
155,975.0
7,070.0
7,070.0
6.03
3.93
5.51
3.76
2.06
1.63
2.06
26.15
68.12
1.77
17.55
0.84
46.98
9.30
0.44
25.28
1.64
0.87
8.69
0.41
8.69
0.41
n.a.
0.81
0.81
9.48
9.48
4.54
9.70
13.20
n.a.
4.54
n.a.
n.a.
n.a.
8.55
17.87
15.42
2.02
1.14
56.46
12.03
0.63
0.50
2.02
129.14
31.28
56.56
n.a.
n.a.
8,139.0
n.a.
5.0
1,510.0
165,629.0
74,608.0
n.a.
74,608.0
91,604.3
135,981.7
146,048.7
n.a.
124,737.0
6,874.3
6,975.7
69,559.3
34,852.0
33,272.0
18,723.0
8,911.0
n.a.
n.a.
n.a.
n.a.
9,613.0
1,163.0
1,373.0
16.0
n.a.
n.a.
n.a.
n.a.
67,616.0
2,650.0
708.0
4,033.0
36,434.0
1,427.0
859.0
169.0
n.a.
1,490.0
8,606.0
n.a.
10,096.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,837.0
n.a.
606.0
n.a.
606.0
7,088.0
n.a.
n.a.
7,088.0
7,088.0
0.0
0.0
0.0
15.0
3.0
0.0
0.0
7,070.0
0.0
0.0
7,070.0
3,030.0
n.a.
n.a.
n.a.
n.a.
5,525.0
n.a.
n.a.
n.a.
n.a.
n.a.
2,737.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
26,749.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
610.0
27,359.0
n.a.
n.a.
n.a.
n.a.
n.a.
705.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,315.0
499.0
44.0
455.0
152.0
954.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
675.0
411.0
5,891.0
n.a.
n.a.
n.a.
n.a.
7,088.0
7,088.0
n.a.
n.a.
n.a.
111.0
111.0
n.a.
n.a.
n.a.
0.0
111.0
n.a.
111.0
n.a.
7,088.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,382.0
n.a.
n.a.
n.a.
n.a.
n.a.
0.0
8,069.0
10,989.0
9.70
13.20
74,608.0
60,616.0
7,261.0
6,731.0
n.a.
74,608.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
28,296.0
n.a.
28,296.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,479
n.a.
9.70
n.a.
13.20
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2008
1.14
20.57
56.46
2.02
0.50
38.53
27.64
12.03
9.70
13.20
4.54
7.40
5.85
4.90
7.25
11.81
9.33
7.82
25.09
2.09
1.94
0.70
2.19
0.45
-0.03
0.42
8.79
n.a.
n.a.
26.73
67.82
0.85
31.28
61.39
79.03
73.79
33.82
31.58
2006
160.00
184.00
193.00
215.00
210.00
193.50
200.00
218.00
216.50
231.00
239.50
270.00
IFRS IFRS IFRS
Unqualified Unqualified Unqualified
Original Original Original
31/12/2007 31/12/2006 31/12/2005
12 months 12 months 12 months
mil DKK mil DKK mil DKK
2005
1,166.00
1,160.00
116.00
124.00
125.50
138.50
148.50
146.00
149.50
144.00
146.50
151.00
IFRS
Audited
Original
31/12/2004
12 months
mil DKK
47,544.0
47,544.0
n.a.
25,599.0
9,294.0
n.a.
11,401.0
4,904.0
73,143.0
779.0
4,654.0
78,576.0
62,553.0
43,477.0
19,076.0
n.a.
3,676.0
n.a.
n.a.
3,676.0
7,777.0
n.a.
139.0
4,431.0
78,576.0
n.a.
n.a.
20,298.0
n.a.
10,459.0
n.a.
1,816.0
Audited
Original
31/12/2004
12 months
mil DKK
1,702.0
1,231.0
n.a.
n.a.
832.0
399.0
1,723.0
225.0
n.a.
985.0
235.0
750.0
2,933.0
210.0
11.40
9.30
5,828.0
4,431.0
n.a.
IFRS
Audited
Original
31/12/2004
12 months
mil DKK
2,014.0
501.0
40.0
2,555.0
759.0
94.0
853.0
1,702.0
n.a.
372.0
n.a.
n.a.
832.0
27.0
1,231.0
977.0
746.0
1,723.0
n.a.
1,210.0
225.0
n.a.
985.0
n.a.
n.a.
n.a.
n.a.
n.a.
985.0
235.0
n.a.
750.0
n.a.
n.a.
n.a.
n.a.
750.0
n.a.
750.0
210.0
n.a.
n.a.
n.a.
n.a.
n.a.
47,544.0
n.a.
47,544.0
47,544.0
n.a.
n.a.
9,294.0
n.a.
10,410.0
n.a.
844.0
n.a.
147.0
n.a.
11,401.0
n.a.
n.a.
47.0
n.a.
4,857.0
73,143.0
594.0
n.a.
n.a.
779.0
n.a.
n.a.
161.0
0.0
n.a.
3,899.0
78,576.0
32,535.0
n.a.
10,942.0
43,477.0
19,076.0
n.a.
n.a.
62,553.0
1,860.0
1,816.0
n.a.
3,676.0
n.a.
n.a.
66,229.0
n.a.
n.a.
139.0
3.0
16.0
58.0
n.a.
n.a.
7,700.0
74,145.0
n.a.
n.a.
4,431.0
n.a.
n.a.
n.a.
0.0
4,431.0
78,576.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
41.97
58.75
n.a.
n.a.
n.a.
18.60
n.a.
n.a.
23.86
2.37
1.93
n.a.
n.a.
n.a.
n.a.
n.a.
1.47
1.47
n.a.
n.a.
5.64
9.30
11.40
n.a.
5.64
28.00
28.00
n.a.
12.19
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
109.35
48.72
65.65
n.a.
n.a.
10,339.0
n.a.
98.0
22.0
89,035.0
51,128.0
n.a.
51,128.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,816.0
n.a.
750.0
n.a.
n.a.
4,431.0
n.a.
n.a.
n.a.
4,431.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,014.0
n.a.
n.a.
n.a.
n.a.
n.a.
759.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
10,410.0
10,410.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
844.0
844.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
11,254.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
700.0
n.a.
3,731.0
n.a.
n.a.
n.a.
n.a.
4,431.0
4,431.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,431.0
n.a.
n.a.
n.a.
n.a.
210.0
210.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,431.0
5,828.0
9.30
11.40
51,128.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
11,401.0
n.a.
11,401.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,087
n.a.
9.30
n.a.
11.40
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2004
n.a.
13.22
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
9.30
11.40
5.64
9.32
7.08
6.13
7.95
13.14
9.99
8.64
29.07
2.33
2.17
1.57
2.48
n.a.
-0.30
0.95
16.93
28.00
12.19
n.a.
58.75
1.54
48.72
60.51
76.01
73.81
32.45
31.51
Nykredit Realkredit A/S
Contact details
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU Date Action/Direction
Overall country rating 01/10/2012
Banking sector rating 01/10/2012
Global summary
Assets
Loans 1,163,232.0 1,103,540.0
Gross Loans 1,170,010.0 1,111,909.0
Less: Reserves for Impaired Loans/ NPLs 6,778.0 8,369.0
Other Earning Assets 200,625.0 185,445.0
Loans and Advances to Banks 59,175.0 58,149.0
Derivatives 39,752.0 27,156.0
Other Securities 100,945.0 99,295.0
Remaining earning assets 753.0 845.0
Total Earning Assets 1,363,857.0 1,288,985.0
Fixed Assets 1,954.0 2,057.0
Non-Earning Assets 27,094.0 20,098.0
Total Assets 1,392,905.0 1,311,140.0
Notes
Impaired Loans (Memo) 14,695.0 14,155.0
Loan Loss Reserves (Memo) 6,778.0 8,369.0
Liquid Assets (Memo) 164,989.0 154,491.0
Intangibles (Memo) 4,199.0 4,545.0
Off Balance Sheet Items 18,531.0 14,299.0
INCOME STATEMENT
Unqualified Unqualified
Original Original
31/12/2011 31/12/2010
12 months 12 months
mil DKK mil DKK
Net Interest Revenue 10,168.0 11,262.0
Other Operating Income -1,442.0 1,751.0
Net Gains (Losses) on Trading and Derivatives n.a. n.a.
Net Gains (Losses) on Assets at FV through Income Statement -1,935.0 -559.0
Net Fees and Commissions 257.0 554.0
Remaining Operating Income 236.0 1,756.0
Overheads 5,974.0 6,030.0
Loan Loss Provisions 1,414.0 2,382.0
Other n.a. n.a.
Profit before Tax 1,338.0 4,601.0
Tax 223.0 785.0
Net Income 1,115.0 3,816.0
Operating Income (Memo) 8,716.0 12,977.0
Balance Sheet
Assets
Loans
Residential Mortgage Loans 1,109,001.0 1,045,533.0
Other Mortgage Loans n.a. n.a.
Other Consumer/ Retail Loans 61,009.0 66,376.0
Corporate & Commercial Loans n.a. n.a.
Other Loans n.a. n.a.
Less: Reserves for Impaired Loans/ NPLs 6,778.0 8,369.0
Net Loans 1,163,232.0 1,103,540.0
Gross Loans 1,170,010.0 1,111,909.0
Memo: Impaired Loans included above 14,695.0 14,155.0
Memo: Loans at Fair Value included above n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 59,175.0 58,149.0
Reverse Repos and Cash Collateral n.a. n.a.
Trading Securities and at FV through Income 98,730.0 95,835.0
Derivatives 39,752.0 27,156.0
Available for Sale Securities 2,064.0 3,309.0
Held to Maturity Securities n.a. n.a.
At-equity Investments in Associates 151.0 151.0
Other Securities n.a. n.a.
Total Securities 140,697.0 126,451.0
Memo: Government Securities included Above 9,768.0 8,285.0
Memo: Total Securities Pledged n.a. n.a.
Investments in Property 753.0 845.0
Insurance Assets n.a. n.a.
Other Earning Assets n.a. n.a.
Total Earning Assets 1,363,857.0 1,288,985.0
Non-earning Assets
Cash and Due From Banks 7,084.0 507.0
Memo: Mandatory Reserves included above n.a. n.a.
Foreclosed Real Estate 621.0 404.0
Fixed Assets 1,954.0 2,057.0
Goodwill 2,787.0 2,769.0
Other Intangibles 1,412.0 1,776.0
Current Tax Assets 344.0 188.0
Deferred Tax Assets 741.0 747.0
Discontinued Operations n.a. n.a.
Other Assets 14,105.0 13,707.0
Total Assets 1,392,905.0 1,311,140.0
Interest-bearing Liabilities
Customer Deposits - Current 38,695.0 39,476.0
Customer Deposits - Savings n.a. n.a.
Customer Deposits - Term 18,709.0 15,991.0
Total Customer Deposits 57,404.0 55,467.0
Deposits from Banks 117,626.0 95,879.0
Repos and Cash Collateral 15,872.0 20,967.0
Other Deposits and Short-term Borrowings 157,287.0 150,856.0
Total Deposits, Money Market and Short-term Funding 348,189.0 323,169.0
Senior Debt Maturing after 1 Year 890,519.0 856,032.0
Subordinated Borrowing 0.0 414.0
Other Funding n.a. n.a.
Total Long Term Funding 890,519.0 856,446.0
Derivatives 40,967.0 25,955.0
Trading Liabilities 15,036.0 7,193.0
Total Funding 1,294,711.0 1,212,763.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a.
Credit impairment reserves n.a. n.a.
Reserves for Pensions and Other 713.0 1,300.0
Current Tax Liabilities 201.0 160.0
Deferred Tax Liabilities 526.0 621.0
Other Deferred Liabilities 4.0 6.0
Discontinued Operations n.a. n.a.
Insurance Liabilities n.a. n.a.
Other Liabilities 30,236.0 29,766.0
Total Liabilities 1,326,391.0 1,244,616.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt 11,204.0 11,204.0
Pref. Shares and Hybrid Capital accounted for as Equity n.a. n.a.
Equity
Common Equity 54,328.0 53,484.0
Non-controlling Interest n.a. n.a.
Securities Revaluation Reserves 982.0 1,836.0
Foreign Exchange Revaluation Reserves n.a. n.a.
Fixed Asset Revaluations and Other Accumulated OCI n.a. n.a.
Total Equity 55,310.0 55,320.0
Total Liabilities and Equity 1,392,905.0 1,311,140.0
Memo: Fitch Core Capital 50,370.0 50,028.0
Memo: Fitch Eligible Capital 50,370.0 50,028.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.17 3.34
Interest Expense on Customer Deposits/ Average Customer 1.72 1.34
Deposits%
Interest Income/ Average Earning Assets% 3.43 3.59
Interest Expense/ Average Interest-bearing Liabilities% 2.78 2.84
Net Interest Income/ Average Earning Assets% 0.79 0.91
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets% 0.68 0.72
Net Interest Inc Less Preferred Stock Dividend/ Average Earning 0.79 0.91
Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% -16.66 13.22
Non-Interest Expense/ Gross Revenues% 68.54 46.47
Non-Interest Expense/ Average Assets% 0.45 0.47
Pre-impairment Op. Profit/ Average Equity% 4.96 13.14
Pre-impairment Op. Profit/ Average Total Assets% 0.21 0.54
Loans and securities impairment charges/ Pre-impairment Op. 51.38 34.11
Profit%
Operating Profit/ Average Equity% 2.41 8.66
Operating Profit/ Average Total Assets% 0.10 0.36
Taxes/ Pre-tax Profit% 16.67 17.06
Pre-Impairment Operating Profit / Risk Weighted Assets% 0.79 2.13
Operating Profit / Risk Weighted Assets% 0.38 1.40
Other Profitability Ratios
Net Income/ Average Total Equity% 2.01 7.18
Net Income/ Average Total Assets% 0.08 0.30
Fitch Comprehensive Income/ Average Total Equity% 0.74 7.67
Fitch Comprehensive Income/ Average Total Assets% 0.03 0.32
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets n.a. n.a.
% Income/ Risk Weighted Assets%
Net 0.32 1.16
Fitch Comprehensive Income/ Risk Weighted Assets% 0.12 1.24
Capitalization
Fitch Core Capital/Weighted Risks% 14.47 15.27
Fitch Eligible Capital/ Weighted Risks% 14.47 15.27
Tangible Common Equity/ Tangible Assets% 3.63 3.83
Tier 1 Regulatory Capital Ratio% 17.10 18.50
Total Regulatory Capital Ratio% 17.10 18.50
Core Tier 1 Regulatory Capital Ratio% 13.90 15.10
Equity/ Total Assets% 3.97 4.22
Cash Dividends Paid & Declared/ Net Income% n.a. n.a.
Cash Dividend Paid & Declared/ Fitch Comprehensive Income% n.a. n.a.
Cash Dividends & Share Repurchase/Net Income% n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 2.02 6.90
Loan Quality
Growth of Total Assets% 6.24 5.13
Growth of Gross Loans% 5.23 4.43
Impaired Loans(NPLs)/ Gross Loans% 1.26 1.27
Reserves for Impaired Loans/ Gross loans% 0.58 0.75
Reserves for Impaired Loans/ Impaired Loans% 46.12 59.12
Impaired Loans less Reserves for Imp Loans/ Equity% 14.31 10.46
Loan Impairment Charges/ Average Gross Loans% 0.12 0.22
Net Charge-offs/ Average Gross Loans% n.a. n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed 1.31 1.31
Assets%
Funding
Loans/ Customer Deposits% n.s. n.s.
Interbank Assets/ Interbank Liabilities% 50.31 60.65
Customer Deposits/ Total Funding excl Derivatives% 4.58 4.67
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet n.a. n.a.
Other off-balance sheet exposure to securitizations n.a. n.a.
Guarantees 7,361.0 3,369.0
Acceptances and documentary credits reported off-balance sheet n.a. n.a.
Committed Credit Lines 6,517.0 6,814.0
Other Contingent Liabilities 4,653.0 4,116.0
Total Business Volume 1,411,436.0 1,325,439.0
Memo: Total Weighted Risks 348,155.0 327,665.0
Fitch Adjustments to Weighted Risks. n.a. n.a.
Fitch Adjusted Weighted Risks 348,155.0 327,665.0
Average Balance Sheet
Average Loans 1,134,885.3 1,091,759.3
Average Earning Assets 1,291,997.3 1,240,524.5
Average Assets 1,326,636.3 1,287,292.8
Average Managed Assets Securitized Assets (OBS) n.a. n.a.
Average Interest-Bearing Liabilities 1,225,870.3 1,173,061.8
Average Common equity 54,063.7 51,494.0
Average Equity 55,448.7 53,126.8
Average Customer Deposits 54,915.3 59,156.5
Maturities
Loans & Advances < 3 months 56,116.0 51,918.0
Loans & Advances 3 - 12 Months 15,606.0 16,364.0
Loans and Advances 1 - 5 Years 22,202.0 19,132.0
Loans & Advances > 5 years 1,069,349.0 1,016,125.0
Debt Securities < 3 Months n.a. n.a.
Debt Securities 3 - 12 Months n.a. n.a.
Debt Securities 1 - 5 Years n.a. n.a.
Debt Securities > 5 Years n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer breakdown) n.a. n.a.
Trading Assets - Debt Securities - Governments n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a.
Trading Assets - Equities n.a. n.a.
Trading Assets - Commodities n.a. n.a.
Debt Sec. designated at FV through the Income Statement (where n.a. n.a.
no split)
Debt Securities designated at FV through the Income Statement - n.a. n.a.
Governments
Debt Securities designated at FV through the Income Statement - n.a. n.a.
Banks
Debt Securities designated at FV through the Income Statement - n.a. n.a.
Corporates
Debt Securities designated at FV through the Income Statement - n.a. n.a.
Structured
Equity Securities designated at FV through the Income Statement n.a. n.a.
Loans at FV through the Income Statement n.a. n.a.
Trading Assets - Other n.a. n.a.
Total Trading Assets at FV through the Income Statement n.a. n.a.
AFS Assets - Debt Securities (where no issuer breakdown) n.a. n.a.
AFS Assets - Government n.a. n.a.
AFS Assets - Banks n.a. n.a.
AFS Assets - Corporates n.a. n.a.
AFS Assets - Structured n.a. n.a.
AFS Assets - Equities n.a. n.a.
AFS Assets - Other n.a. n.a.
Total AFS Assets 2,064.0 3,309.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a.
HTM - Government n.a. n.a.
HTM Assets - Banks n.a. n.a.
HTM Assets - Corporates n.a. n.a.
HTM Assets - Structured n.a. n.a.
Total HTM Debt Securities n.a. n.a.
Total Debt Securities - Government n.a. n.a.
Total Debt Securities - Banks n.a. n.a.
Total Debt Securities - Corporates n.a. n.a.
Total Debt Securities - Structured n.a. n.a.
Total Debt Securities - Equities & Other n.a. n.a.
Ratios
Capital
Tier 1 Ratio 17.10 18.50
Total Capital Ratio 17.10 18.50
Equity / Tot Assets 3.97 4.22
Equity / Net Loans 4.76 5.01
Equity / Cust & Short Term Funding 15.89 17.12
Equity / Liabilities 4.17 4.45
Cap Funds / Tot Assets 4.78 5.11
Cap Funds / Net Loans 5.72 6.07
Cap Funds / Dep & ST Funding 19.10 20.71
Cap Funds / Liabilities 5.02 5.38
Subord Debt / Cap Funds 0.00 0.62
Operations
Net Interest Margin 0.77 0.90
Net Int Rev / Avg Assets 0.75 0.88
Oth Op Inc / Avg Assets -0.11 0.14
Non Int Exp / Avg Assets 0.55 0.66
Pre-Tax Op Inc / Avg Assets n.a. n.a.
Non Op Items & Taxes / Avg Ast -0.02 -0.06
Return On Avg Assets (ROAA) 0.08 0.30
Return On Avg Equity (ROAE) 2.02 7.16
Dividend Pay-Out n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a.
Non Op Items / Net Income n.a. n.a.
Cost To Income Ratio 68.46 46.34
Recurring Earning Power 0.20 0.55
Liquidity
Interbank Ratio 44.33 49.77
Net Loans / Tot Assets 83.51 84.17
Net Loans / Dep & ST Funding 334.08 341.48
Net Loans / Tot Dep & Bor 89.85 91.03
Liquid Assets / Dep & ST Funding 47.39 47.81
Liquid Assets / Tot Dep & Bor 12.74 12.74
Date News
1 01/10 Nykredit Realkredit reduces its shareholding in Sydbank
2 /2012
26/06 (deal no. 1601407360)
Totalkredit issues shares to Nykredit Realkredit (deal
3 /2012
14/07 no. 1601381583)
Aleris acquires Privathospitalet Hamelt (deal no.
4 /2011
12/04 1601270248)
Scandza acquires Bisca (deal no. 1601262636)
5 /2011
18/03 Sanistål completes conversion of debt (deal no.
6 /2011
08/03 1601249979)
Nykredit Forsikring to be sold to Gjensidige Forsikring
7 /2010
20/08 (deal no. Bank
Nykredit 1601166158)
authorised to increase share capital (deal
8 /2009
14/05 no. 1601106397)
Forstædernes Bank to be merged into Nykredit Bank
9 /2009
09/03 (deal no. ATP
EQT and 1601078936)
acquire KMD (deal no. 1601034176)
10 /2009
03/11 Forstædernes Bank has been delisted (deal no.
11 /2008
30/05 1601022783)
Watts Water Technologies acquires Blücher Metal (deal
12 /2008
12/04 no. 633370)
Nykredit Bank and Nykredit Portefølje Bank to merge
13 /2007
18/09 (deal no. to
Nykredit 530136)
acquire remaining stake in Totalkredit (deal
14 /2006
10/02 no. 204892)
Nykredit on the acquisiton trail (deal no. 422940)
15 /2006
17/09 Nykredit to increase its stake in Totalkredit (deal no.
16 /2004
06/05 204890)
Nykredit decreases stake in Amagerbanken (deal no.
17 /2004
05/05 245540)
SEB decreases stake in Amagerbanken (deal no.
18 /2004
01/04 244615) increases share capital (deal no. 238148)
Totalkredit
19 /2004
23/01 Mykredit has decreased its stake in Sydbank (deal no.
20 /2004
10/11 224821)
Nykredit completes acquisition of Totalkredit (deal no.
/2003 174170)
21 31/10 Nykredit has increased its stake in Spar Nord Bank (deal
22 /2003
24/04 no. 163101)
Nykredit A/S and Spar Nord Bank A/S have announced
23 /2003
17/01 a joint venture agreement.
Nykredit and Jyske Bank may(deal
be no. 163130)
planning to increase
24 /2003
25/11 their
Nykredit has acquired a minority stake in145512)
stakes in Amagerbanken (deal no. Spar Nord
/2002 Bank (deal no. 138819)
Source : Zephyr
+45 33 42 10 00
www.nykredit.com
C2
NKCIFRS
Annual Report
9/18/2012
ALLBANKS
2
2
121
124
Eastern Europe)
manager for more information.
Stable
IFRS IFRS
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil DKK mil DKK
1,055,003.0 994,185.0
1,064,757.0 997,310.0
9,754.0 3,125.0
147,946.0 176,662.0
61,081.0 73,077.0
n.a. n.a.
86,796.0 103,515.0
69.0 70.0
1,202,949.0 1,170,847.0
2,101.0 2,048.0
42,135.0 45,232.0
1,247,185.0 1,218,127.0
183,797.0 223,726.0
64,484.0 61,177.0
119,313.0 162,549.0
n.a. n.a.
958,426.0 865,725.0
n.a. n.a.
8,902.0 n.a.
949,524.0 865,725.0
51,094.0 76,237.0
n.a. n.a.
2,627.0 2,062.0
51,241.0 50,377.0
1,247,185.0 1,218,127.0
5,208.0 1,263.0
9,754.0 3,125.0
146,589.0 174,716.0
4,933.0 5,332.0
19,189.0 19,506.0
11,055.0 n.a.
4,317.0 8,979.0
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil DKK mil DKK
11,186.0 7,974.0
2,985.0 -1,999.0
n.a. n.a.
2,186.0 -2,921.0
529.0 108.0
270.0 814.0
6,152.0 5,412.0
7,919.0 1,443.0
n.a. n.a.
100.0 -880.0
-29.0 -185.0
129.0 -695.0
14,312.0 5,852.0
n.a. n.a.
17.80 14.70
16.70 13.50
58,958.0 51,963.0
55,476.0 47,819.0
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
Restated Original
31/12/2009 31/12/2008
12 months 12 months
mil DKK mil DKK
43,569.0 45,904.0
8,668.0 9,058.0
64.0 108.0
52,301.0 55,070.0
1,920.0 1,854.0
39,195.0 45,242.0
41,115.0 47,096.0
11,186.0 7,974.0
n.a. n.a.
n.a. n.a.
2,186.0 -2,921.0
245.0 342.0
529.0 108.0
166.0 349.0
3,126.0 -2,122.0
2,993.0 2,664.0
3,159.0 2,748.0
6,152.0 5,412.0
-141.0 123.0
8,019.0 563.0
7,919.0 1,443.0
n.a. n.a.
100.0 -880.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
100.0 -880.0
-29.0 -185.0
n.a. n.a.
129.0 -695.0
751.0 -2,847.0
-9.0 n.a.
-15.0 n.a.
-1.0 n.a.
855.0 -3,542.0
n.a. n.a.
129.0 -695.0
n.a. n.a.
n.a. n.a.
981,227.0 895,463.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
83,530.0 101,847.0
9,754.0 3,125.0
1,055,003.0 994,185.0
1,064,757.0 997,310.0
5,208.0 1,263.0
n.a. n.a.
61,081.0 73,077.0
n.a. n.a.
83,680.0 101,316.0
n.a. n.a.
2,941.0 2,118.0
n.a. n.a.
175.0 81.0
n.a. n.a.
86,796.0 103,515.0
17,050.0 8,176.0
n.a. n.a.
69.0 70.0
n.a. n.a.
n.a. n.a.
1,202,949.0 1,170,847.0
1,828.0 323.0
n.a. n.a.
n.a. n.a.
2,101.0 2,048.0
2,769.0 2,769.0
2,164.0 2,563.0
1,327.0 415.0
1,065.0 1,213.0
n.a. n.a.
32,982.0 37,949.0
1,247,185.0 1,218,127.0
43,449.0 28,941.0
n.a. n.a.
21,035.0 32,236.0
64,484.0 61,177.0
119,313.0 162,549.0
n.a. n.a.
n.a. n.a.
183,797.0 223,726.0
934,152.0 856,746.0
4,317.0 8,979.0
n.a. n.a.
938,469.0 865,725.0
n.a. n.a.
8,902.0 n.a.
1,131,168.0 1,089,451.0
n.a. n.a.
n.a. n.a.
2,627.0 2,062.0
1,008.0 72.0
849.0 922.0
14.0 20.0
n.a. n.a.
n.a. n.a.
49,223.0 75,223.0
1,184,889.0 1,167,750.0
11,055.0 n.a.
n.a. n.a.
49,666.0 51,054.0
n.a. n.a.
1,575.0 -674.0
n.a. -3.0
n.a. n.a.
51,241.0 50,377.0
1,247,185.0 1,218,127.0
45,243.0 n.a.
45,243.0 n.a.
4.19 4.97
3.11 4.44
4.42 5.05
3.69 4.71
0.94 0.73
0.28 0.60
0.94 0.73
21.84 -36.26
42.98 92.48
0.50 0.48
15.63 1.07
0.65 0.05
98.75 256.31
0.19 -1.67
0.01 -0.08
-29.00 21.02
2.42 0.16
0.03 -0.25
0.25 -1.32
0.01 -0.06
1.67 -6.72
0.07 -0.31
n.a. n.a.
0.04 -0.20
0.26 -1.00
13.63 n.a.
13.63 n.a.
3.65 3.62
16.70 13.50
17.80 14.70
n.a. n.a.
4.11 4.14
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.25 -1.38
2.39 13.31
6.76 14.67
0.49 0.13
0.92 0.31
187.29 247.43
-8.87 -3.70
0.76 0.16
n.a. n.a.
0.49 0.13
n.s. n.s.
51.19 44.96
5.70 5.62
n.a. n.a.
n.a. n.a.
4,401.0 8,905.0
n.a. n.a.
9,283.0 8,091.0
5,505.0 2,510.0
1,266,374.0 1,237,633.0
331,891.0 354,385.0
n.a. n.a.
331,891.0 354,385.0
1,038,787.4 924,322.3
1,184,106.8 1,090,812.3
1,233,618.6 1,125,589.3
n.a. n.a.
1,114,370.2 1,000,748.0
50,703.8 51,653.7
51,304.0 52,735.3
61,785.4 41,743.0
47,489.0 68,372.0
18,763.0 28,510.0
23,631.0 46,421.0
965,120.0 850,882.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 66,947.0
n.a. 3,332.0
n.a. 2,799.0
n.a. n.a.
56,638.0 n.a.
4,022.0 n.a.
1,742.0 n.a.
2,080.0 n.a.
n.a. 46,172.0
n.a. 12,311.0
n.a. 2,694.0
n.a. n.a.
114,878.0 155,406.0
2,422.0 3,785.0
1,901.0 3,358.0
112.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
4,317.0 8,979.0
n.a. n.a.
129.0 -695.0
n.a. n.a.
129.0 -695.0
51,241.0 50,377.0
n.a. n.a.
n.a. n.a.
51,241.0 50,377.0
51,241.0 50,377.0
0.0 n.a.
0.0 n.a.
2,769.0 2,769.0
2,164.0 2,563.0
1,065.0 1,213.0
0.0 n.a.
0.0 n.a.
45,243.0 n.a.
0.0 n.a.
0.0 n.a.
45,243.0 n.a.
19,389.8 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
43,569.0 45,904.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,920.0 1,854.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 3,703.0
n.a. n.a.
2,941.0 2,118.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 3,703.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
812.0 449.0
8,942.0 2,676.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,208.0 1,263.0
n.a. n.a.
1,182.0 1,182.0
n.a. n.a.
23,294.0 24,649.0
n.a. -695.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
51,241.0 50,377.0
51,241.0 50,377.0
1,575.0 -674.0
n.a. -3.0
n.a. n.a.
5.0 141.0
1,580.0 -536.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
26,760.0 25,778.0
28,340.0 25,242.0
n.a. n.a.
28,340.0 25,242.0
n.a. n.a.
51,241.0 50,377.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,065.0 1,213.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.0 n.a.
0.0 n.a.
55,476.0 47,819.0
58,958.0 51,963.0
16.70 13.50
17.80 14.70
331,891.0 354,385.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 22,475.0
n.a. 4,592.0
n.a. 1,284.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 916.0
86,796.0 103,515.0
n.a. n.a.
86,796.0 103,515.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
4,135 4,507
n.a. n.a.
16.70 13.50
n.a. n.a.
17.80 14.70
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
12,529.0 17,212.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
31/12/2009 31/12/2008
0.92 0.31
70.79 18.10
187.29 247.43
0.49 0.13
n.a. n.a.
n.a. n.a.
10.16 2.51
n.a. n.a.
16.70 13.50
17.80 14.70
4.11 4.14
4.86 5.07
27.88 22.52
4.34 4.35
5.34 4.87
6.31 5.97
36.24 26.53
5.64 5.12
6.48 15.13
0.94 0.72
0.91 0.70
0.24 -0.17
1.14 0.60
n.a. n.a.
0.00 0.02
0.01 -0.06
0.25 -1.33
n.a. n.a.
n.a. n.a.
n.a. n.a.
43.41 90.58
0.65 0.05
51.19 44.96
84.59 81.62
574.00 444.38
93.62 92.01
79.76 78.09
13.01 16.17
hareholding in Sydbank
edit Realkredit (deal
amelt (deal no.
1601262636)
debt (deal no.
Gjensidige Forsikring
ease share capital (deal
d into Nykredit Bank
no. 1601034176)
isted (deal no.
es Blücher Metal (deal
efølje Bank to merge
ake in Totalkredit (deal
deal no. 422940)
Totalkredit (deal no.
gerbanken (deal no.
anken (deal no.
al (deal no. 238148)
in Sydbank (deal no.
f Totalkredit (deal no.
in Spar Nord Bank (deal
k A/S have announced
no. 163130)
planning to increase
eal
stake in145512)
no. Spar Nord
ody Source
oD KO, VI
emC VI
omC VI
oD KO, VI
emC VI
omC VI
oD KO, VI
udC VI
emC VI
omC VI
oD KO, VI
oD KO, VI
oD KO, VI
oD VI
oD KO, VI
oD VI
oD KO, VI
udC VI
oD KO, VI
oD KO, VI
udC VI
omC VI
oD KO, VI
oD KO, VI
eB VI
eB VI
eB VI
eB VI
eB VI
eB VI
eB VI
ept Source
nMan KO, VI
nMan KO, VI
nMan KO, VI
nMan KO, VI
nMan KO, VI
nMan VI
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2008 31/12/2007
12 months 12 months
mil DKK mil DKK
Unqualified Unqualified
Original Original
31/12/2008 31/12/2007
12 months 12 months
mil DKK mil DKK
7,974.0 6,832.0 5,800.
-1,999.0 1,840.0 2,322.
n.a. n.a. n.a
-2,921.0 921.0 1,516.
108.0 179.0 254.
814.0 740.0 552.
5,412.0 4,352.0 4,038.
1,443.0 -67.0 -369.
n.a. n.a. n.a
-880.0 4,387.0 4,453.
-185.0 1,024.0 1,126.
-695.0 3,363.0 3,327.
5,852.0 8,638.0 8,092.
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2008 31/12/2007
12 months 12 months
mil DKK mil DKK
IFRS IFRS
Unqualified Unqualified
31/12/2008 31/12/2007
28660 MADRID
SPAIN
Publicly quoted
This entity is the GUO of the Corporate Group
Contact details
Formerly known as
Bank History :
Established on April 17, 1999 as the result of the merger between Banco Santander SA (Old) and Banco Central Hispanoamericano
Status
Accounting Standards
Accounts published in
Name of the Auditor
Types of accounts available
No of recorded shareholders
No of recorded subsidiaries
Specialisation
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more informatio
EIU
Overall country rating
Banking sector rating
Global summary
Consolidated statements
BALANCE SHEET
Assets
Loans
Gross Loans
Less: Reserves for Impaired Loans/ NPLs
Other Earning Assets
Loans and Advances to Banks
Derivatives
Other Securities
Remaining earning assets
Total Earning Assets
Fixed Assets
Non-Earning Assets
Total Assets
Notes
Impaired Loans (Memo)
Loan Loss Reserves (Memo)
Liquid Assets (Memo)
Intangibles (Memo)
Off Balance Sheet Items
INCOME STATEMENT
Dividend Paid
Consolidated statements
Income Statement
Balance Sheet
Assets
Loans
Residential Mortgage Loans
Other Mortgage Loans
Other Consumer/ Retail Loans
Corporate & Commercial Loans
Other Loans
Less: Reserves for Impaired Loans/ NPLs
Net Loans
Gross Loans
Memo: Impaired Loans included above
Memo: Loans at Fair Value included above
Other Earning Assets
Loans and Advances to Banks
Reverse Repos and Cash Collateral
Trading Securities and at FV through Income
Derivatives
Available for Sale Securities
Held to Maturity Securities
At-equity Investments in Associates
Other Securities
Total Securities
Memo: Government Securities included Above
Memo: Total Securities Pledged
Investments in Property
Insurance Assets
Other Earning Assets
Total Earning Assets
Non-earning Assets
Cash and Due From Banks
Memo: Mandatory Reserves included above
Foreclosed Real Estate
Fixed Assets
Goodwill
Other Intangibles
Current Tax Assets
Deferred Tax Assets
Discontinued Operations
Other Assets
Total Assets
Interest-bearing Liabilities
Customer Deposits - Current
Customer Deposits - Savings
Customer Deposits - Term
Total Customer Deposits
Deposits from Banks
Repos and Cash Collateral
Other Deposits and Short-term Borrowings
Total Deposits, Money Market and Short-term Funding
Senior Debt Maturing after 1 Year
Subordinated Borrowing
Other Funding
Total Long Term Funding
Derivatives
Trading Liabilities
Total Funding
Non-interest Bearing Liabilities
Fair Value Portion of Debt
Credit impairment reserves
Reserves for Pensions and Other
Current Tax Liabilities
Deferred Tax Liabilities
Other Deferred Liabilities
Discontinued Operations
Insurance Liabilities
Other Liabilities
Total Liabilities
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt
Pref. Shares and Hybrid Capital accounted for as Equity
Equity
Common Equity
Non-controlling Interest
Securities Revaluation Reserves
Foreign Exchange Revaluation Reserves
Fixed Asset Revaluations and Other Accumulated OCI
Total Equity
Total Liabilities and Equity
Memo: Fitch Core Capital
Memo: Fitch Eligible Capital
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans%
Interest Expense on Customer Deposits/ Average Customer Deposits%
Interest Income/ Average Earning Assets%
Interest Expense/ Average Interest-bearing Liabilities%
Net Interest Income/ Average Earning Assets%
Net Int. Inc Less Loan Impairment Charges/ Av. Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues%
Non-Interest Expense/ Gross Revenues%
Non-Interest Expense/ Average Assets%
Pre-impairment Op. Profit/ Average Equity%
Pre-impairment Op. Profit/ Average Total Assets%
Loans and securities impairment charges/ Pre-impairment Op. Profit%
Operating Profit/ Average Equity%
Operating Profit/ Average Total Assets%
Taxes/ Pre-tax Profit%
Pre-Impairment Operating Profit / Risk Weighted Assets%
Operating Profit / Risk Weighted Assets%
Other Profitability Ratios
Net Income/ Average Total Equity%
Net Income/ Average Total Assets%
Fitch Comprehensive Income/ Average Total Equity%
Fitch Comprehensive Income/ Average Total Assets%
Net Income/ Av. Total Assets plus Av. Managed Securitized Assets%
Net Income/ Risk Weighted Assets%
Fitch Comprehensive Income/ Risk Weighted Assets%
Capitalization
Fitch Core Capital/Weighted Risks%
Fitch Eligible Capital/ Weighted Risks%
Tangible Common Equity/ Tangible Assets%
Tier 1 Regulatory Capital Ratio%
Total Regulatory Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Equity/ Total Assets%
Cash Dividends Paid & Declared/ Net Income%
Cash Dividend Paid & Declared/ Fitch Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income%
Net Income - Cash Dividends/ Total Equity%
Loan Quality
Growth of Total Assets%
Growth of Gross Loans%
Impaired Loans(NPLs)/ Gross Loans%
Reserves for Impaired Loans/ Gross loans%
Reserves for Impaired Loans/ Impaired Loans%
Impaired Loans less Reserves for Imp Loans/ Equity%
Loan Impairment Charges/ Average Gross Loans%
Net Charge-offs/ Average Gross Loans%
Impaired Loans + Foreclosed Assets/ Gross Loans + Foreclosed Assets%
Funding
Loans/ Customer Deposits%
Interbank Assets/ Interbank Liabilities%
Customer Deposits/ Total Funding excl Derivatives%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet
Other off-balance sheet exposure to securitizations
Guarantees
Acceptances and documentary credits reported off-balance sheet
Committed Credit Lines
Other Contingent Liabilities
Total Business Volume
Memo: Total Weighted Risks
Fitch Adjustments to Weighted Risks.
Fitch Adjusted Weighted Risks
Average Balance Sheet
Average Loans
Average Earning Assets
Average Assets
Average Managed Assets Securitized Assets (OBS)
Average Interest-Bearing Liabilities
Average Common equity
Average Equity
Average Customer Deposits
Maturities
Loans & Advances < 3 months
Loans & Advances 3 - 12 Months
Loans and Advances 1 - 5 Years
Loans & Advances > 5 years
Debt Securities < 3 Months
Debt Securities 3 - 12 Months
Debt Securities 1 - 5 Years
Debt Securities > 5 Years
Securities
Trading Assets - Debt Securities (where no issuer breakdown)
Trading Assets - Debt Securities - Governments
Trading Assets - Debt Securities - Banks
Trading Assets - Debt Securities - Corporates
Trading Assets - Debt Securities - Structured
Trading Assets - Equities
Trading Assets - Commodities
Debt Sec. designated at FV through the Income Statement (where no split)
Debt Securities designated at FV through the Income Statement - Governments
Debt Securities designated at FV through the Income Statement - Banks
Debt Securities designated at FV through the Income Statement - Corporates
Debt Securities designated at FV through the Income Statement - Structured
Equity Securities designated at FV through the Income Statement
Loans at FV through the Income Statement
Trading Assets - Other
Total Trading Assets at FV through the Income Statement
AFS Assets - Debt Securities (where no issuer breakdown)
AFS Assets - Government
AFS Assets - Banks
AFS Assets - Corporates
AFS Assets - Structured
AFS Assets - Equities
AFS Assets - Other
Total AFS Assets
HTM - Debt Securities (where no issuer breakdown)
HTM - Government
HTM Assets - Banks
HTM Assets - Corporates
HTM Assets - Structured
Total HTM Debt Securities
Total Debt Securities - Government
Total Debt Securities - Banks
Total Debt Securities - Corporates
Total Debt Securities - Structured
Total Debt Securities - Equities & Other
Number of Employees
Number of Branches
Regulatory Tier I Capital Ratio%
Core Tier 1 Regulatory Capital Ratio%
Regulatory Total Capital Ratio%
Leverage Ratio%
Assets under Management
Assets under Administration
Total Trust Assets
Deposits of Governments and Municipalities
Total Exposure to Central Bank
Government
Related Party Loans
Trust Account Loans
Lease financing
Ratios
Consolidated statements
Assets Quality
Loan Loss Res / Gross Loans
Loan Loss Prov / Net Int Rev
Loan Loss Res / Impaired Loans
Impaired Loans / Gross Loans
NCO / Average Gross Loans
NCO / Net Inc Bef Ln Lss Prov
Impaired Loans / Equity
Unreserved Impaired Loans / Equity
Capital
Tier 1 Ratio
Total Capital Ratio
Equity / Tot Assets
Equity / Net Loans
Equity / Cust & Short Term Funding
Equity / Liabilities
Cap Funds / Tot Assets
Cap Funds / Net Loans
Cap Funds / Dep & ST Funding
Cap Funds / Liabilities
Subord Debt / Cap Funds
Operations
Net Interest Margin
Net Int Rev / Avg Assets
Oth Op Inc / Avg Assets
Non Int Exp / Avg Assets
Pre-Tax Op Inc / Avg Assets
Non Op Items & Taxes / Avg Ast
Return On Avg Assets (ROAA)
Return On Avg Equity (ROAE)
Dividend Pay-Out
Inc Net Of Dist / Avg Equity
Non Op Items / Net Income
Cost To Income Ratio
Recurring Earning Power
Liquidity
Interbank Ratio
Net Loans / Tot Assets
Net Loans / Dep & ST Funding
Net Loans / Tot Dep & Bor
Liquid Assets / Dep & ST Funding
Liquid Assets / Tot Dep & Bor
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Type of share:
ISIN number:
SEDOL number:
Ticker symbol:
Nominal value (EUR):
BETA
Reference index 3:
Ref. index 3 - Beta - 3 months
Ref. index 3 - Beta - 1 month
Ref. index 3 - Beta - 1 year
Ref. index 3 - Correlation coefficient - 3 months
Ref. index 3 - Correlation coefficient - 1 month
Ref. index 3 - Correlation coefficient - 1 year
Reference index 4:
Ref. index 4 - Beta - 3 months
Ref. index 4 - Beta - 1 month
Ref. index 4 - Beta - 1 year
Ref. index 4 - Correlation coefficient - 3 months
Ref. index 4 - Correlation coefficient - 1 month
Ref. index 4 - Correlation coefficient - 1 year
Reference index 5:
Ref. index 5 - Beta - 3 months
Ref. index 5 - Beta - 1 month
Ref. index 5 - Beta - 1 year
Ref. index 5 - Correlation coefficient - 3 months
Ref. index 5 - Correlation coefficient - 1 month
Ref. index 5 - Correlation coefficient - 1 year
Date
1 30/10/2012
2 19/10/2012
3 19/10/2012
4 03/10/2012
5 30/09/2012
6 26/09/2012
7 17/09/2012
8 11/09/2012
9 10/09/2012
10 04/09/2012
11 16/08/2012
12 15/08/2012
13 10/08/2012
14 08/08/2012
15 08/08/2012
16 03/08/2012
17 20/07/2012
18 19/07/2012
19 10/07/2012
20 22/06/2012
21 22/06/2012
22 04/06/2012
23 31/05/2012
24 24/05/2012
25 27/04/2012
26 16/04/2012
27 13/04/2012
28 30/03/2012
29 27/03/2012
30 20/03/2012
31 20/03/2012
32 15/03/2012
33 06/03/2012
34 06/03/2012
35 01/03/2012
36 28/02/2012
37 17/02/2012
38 09/02/2012
39 01/02/2012
40 27/01/2012
41 26/01/2012
42 10/01/2012
43 09/01/2012
44 09/01/2012
45 30/12/2011
46 27/12/2011
47 22/12/2011
48 19/12/2011
49 19/12/2011
50 16/12/2011
Source : Zephyr
1.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
14.
15.
16.
17.
18.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
BvD ID number
Index number
Status
Phone number
Fax number
Web Site Address
nco Central Hispanoamericano - BCH. On August 23, 2007 Banco Santander Central Hispano SA changed its name to Banco Santander SA.
Active Consolidation Code
International Financial Reporting Nickname
Standards (IFRS) Source
mil EUR Release Date
Deloitte Model
Cons., Uncons., Add. Cons. &
Add. Uncons.
962
Commercial Banks
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
731,662.0
750,598.0
18,936.0
345,154.0
70,164.0
114,420.0
158,170.0
2,400.0
1,076,816.0
13,846.0
160,864.0
1,251,526.0
807,513.0
563,692.0
211,979.0
31,842.0
309,112.0
110,403.0
10,187.0
188,522.0
36,470.0
n.a.
15,572.0
82,859.0
1,251,526.0
31,287.0
18,936.0
227,250.0
28,083.0
48,042.0
5,896.0
17,096.0
Unqualified
Original
31/12/2011
12 months
mil EUR
31,215.0
14,290.0
2,113.0
21.0
10,472.0
1,684.0
21,317.0
11,040.0
-5,209.0
7,939.0
1,776.0
6,139.0
45,297.0
3,630.0
13.56
10.91
76,772.0
61,749.0
10,630.0
IFRS
Unqualified
Original
31/12/2011
12 months
mil EUR
46,909.0
13,947.0
394.0
61,250.0
16,819.0
13,216.0
30,035.0
31,215.0
2,113.0
182.0
21.0
392.0
10,472.0
902.0
14,082.0
10,326.0
10,991.0
21,317.0
208.0
24,188.0
11,040.0
3,429.0
9,719.0
n.a.
1,846.0
1,517.0
n.a.
-2,109.0
7,939.0
1,776.0
-24.0
6,139.0
272.0
n.a.
-2,419.0
75.0
4,067.0
788.0
5,351.0
3,630.0
n.a.
n.a.
n.a.
429,477.0
n.a.
321,121.0
18,936.0
731,662.0
750,598.0
31,287.0
n.a.
41,079.0
29,085.0
60,562.0
114,420.0
86,613.0
n.a.
4,155.0
6,840.0
301,675.0
99,756.0
n.a.
n.a.
2,400.0
n.a.
1,076,816.0
96,524.0
n.a.
5,338.0
13,846.0
25,089.0
2,994.0
5,140.0
17,761.0
n.a.
8,018.0
1,251,526.0
155,455.0
143,762.0
264,475.0
563,692.0
91,822.0
120,157.0
31,842.0
807,513.0
165,530.0
17,096.0
0.0
182,626.0
110,403.0
10,187.0
1,110,729.0
n.a.
n.a.
15,572.0
5,101.0
3,073.0
n.a.
42.0
517.0
27,737.0
1,162,771.0
5,896.0
8,708.0
72,188.0
6,445.0
-977.0
-1,358.0
-2,147.0
74,151.0
1,251,526.0
38,532.0
50,188.0
6.34
2.95
5.74
2.77
2.93
1.89
2.93
31.09
47.06
1.73
33.77
1.96
59.82
13.57
0.79
22.37
4.27
1.72
8.57
0.50
5.68
0.33
n.a.
1.08
0.72
6.81
8.87
3.31
10.91
13.56
9.92
5.92
59.13
89.25
n.a.
3.38
2.79
1.75
4.17
2.52
60.52
16.66
1.49
1.44
4.84
133.16
44.74
56.35
n.a.
n.a.
44,510.0
2,978.0
n.a.
554.0
1,299,568.0
565,958.0
n.a.
565,958.0
739,967.3
1,066,782.1
1,231,994.8
n.a.
1,083,981.1
69,856.1
71,619.7
570,055.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
17,096.0
n.a.
6,139.0
n.a.
6,139.0
74,151.0
8,708.0
n.a.
82,859.0
74,151.0
0.0
0.0
25,089.0
2,994.0
5,754.0
1,782.0
0.0
38,532.0
11,656.0
0.0
50,188.0
16,513.7
n.a.
n.a.
n.a.
n.a.
46,909.0
n.a.
n.a.
n.a.
n.a.
n.a.
16,819.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
86,613.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
12,430.0
1,800.0
10,630.0
3,593.0
15,343.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,455.0
n.a.
n.a.
3,781.0
n.a.
n.a.
6,445.0
67,706.0
74,151.0
-977.0
-1,358.0
n.a.
-1,945.0
-4,280.0
-202.0
n.a.
n.a.
72,660.0
68,178.0
n.a.
68,178.0
8,708.0
82,859.0
n.a.
n.a.
n.a.
n.a.
1,570.0
3,630.0
n.a.
5,754.0
n.a.
n.a.
n.a.
n.a.
5,896.0
n.a.
8,708.0
11,656.0
11,656.0
61,749.0
76,772.0
10.91
13.56
565,958.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
301,675.0
n.a.
301,675.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
193,349
n.a.
10.91
9.92
13.56
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Unqualified
31/12/2011
2.52
35.37
60.52
4.17
1.43
61.88
37.76
14.91
10.91
13.56
6.62
11.33
10.26
7.23
8.46
14.47
13.11
9.24
16.15
2.92
2.53
1.16
2.62
1.07
-0.57
0.50
7.50
59.13
3.06
-84.85
46.85
1.96
33.10
58.46
90.61
66.90
28.14
20.78
12): 10,099,072,253
): 58,261,548
2)
Ordinary Shares
ES0113900J37
5705946
SAN
0.50
Bolsa de Madrid
Boerse Berlin
Boerse Duesseldorf
Boerse Frankfurt
Boerse Hamburg
Boerse Hannover
Boerse Munchen
Boerse Stuttgart
Bolsa de Comercio de Buen
Bolsa Mexicana de Valores
Borsa Italiana - MTA (Merc
Budapest Stock Exchange
Euronext Amsterdam
Euronext Lisbon
London Stock Exchange
US Exchange
XETRA
FTSE EUROTOP 100 - NETH
IBEX 35 - SPAIN
PSI - GENERAL - PORTUGA
2012 200
5.95 6.1
6.23 4.8
5.77 5.0
4.72 7.1
4.30 7.3
5.22 8.3
4.95 9.9
5.67 10.5
5.80 10.7
n.a. 10.7
n.a. 11.1
n.a. 11.3
BOLSA DE MADRID)
Date News
30/10/2012 Telefónica successfully completes flotation of Telefónica Germany (deal no.
19/10/2012 Santander and Elavon to form joint venture (deal no. 1601413001)
19/10/2012 CEMEX Latam releases IPO details (deal no. 1601396742)
03/10/2012 ‘Telefónica’s Germany division eyes listing’ (deal no. 1601390898)
30/09/2012 Banco Popular plans to launch rights issue within next few weeks (deal no.
26/09/2012 Banco Santander in Mexico completes IPO: underwriters exercise purchase
17/09/2012 Banco Santander merges Altamira Santander Real Estate with Mesena Serv
no. 1601404003)
11/09/2012 Sagane Inversiones sells Enagás stake through accelerated bookbuilt offer (
10/09/2012 Swissport International completes acquisition of Flightcare (deal no. 160132
04/09/2012 Banco Santander to acquire majirity stake in Taralga Wind Farm from CBD E
16/08/2012 Banco Santander ‘eyes up to USD 4bn from Mexican unit IPO’ (deal no. 160
15/08/2012 InfraRed acquires 3 ground-mounted solar parks (deal no. 1601395339)
10/08/2012 Manchester United lists on NYSE (deal no. 1601277887)
08/08/2012 Banco Santander issues new shares in capital increase (deal no. 160139364
08/08/2012 SMU to hold capital increase (deal no. 1601395051)
03/08/2012 Botín family increase stake in Banco Santander (deal no. 1601392717)
20/07/2012 Vesta lists on Mexico Stock Exchange (deal no. 1601384232)
19/07/2012 Taesa closes public offering (deal no. 1601383811)
10/07/2012 Banco Santander completes capital increase (deal no. 1601386109)
22/06/2012 Banco Santander sells minority stake in Santander Colombia to Corp Group
22/06/2012 CorpBanca acquires majority of Santander Colombia from Banco Santander
04/06/2012 UBP to acquire Santander's Swiss asset management arm (deal no. 160137
31/05/2012 Telefónica plans to sell German division (deal no. 1601374463)
24/05/2012 Banco Santander may sell stake in Banco Santander Brasil: Santander denie
27/04/2012 Enagás to acquire stake in GNL Quintero from BG Group: Half of stake acqu
16/04/2012 Vision Capital acquires Vitopel (deal no. 1601361453)
13/04/2012 Santander Rio withdraws plans of listing on US market (deal no. 160126015
30/03/2012 Banco Santander to carry out capital increase: Number of shares to be issue
27/03/2012 1601412492)
PSA Peugeot announces full subscription of its rights issue (deal no. 160134
20/03/2012 CVC ‘plans Formula One IPO’ (deal no. 1601353794)
20/03/2012 Formula One no immediate plans to list (deal no. 1601353794)
15/03/2012 Isolux Infrastructure withdraws IPO (deal no. 1601294781)
06/03/2012 Peugeot reveals EUR 1bn rights issue details (deal no. 1601347339)
06/03/2012 Lindorff acquires Reintegra Comercial Espãna (deal no. 1601374922)
01/03/2012 Société Air France sells minority stake in Amadeus IT Holding to qualified in
28/02/2012 Banco Santander signed an investment agreement to acquire Zagiel (deal n
17/02/2012 Charles Saunders acquires Good Morning Foods and Good Morning Disposab
09/02/2012 Brasil Travel Turismo e Participações plans IPO: Initial Public Offering withd
01/02/2012 Unicredit completes rights issue (deal no. 1601292194)
27/01/2012 Banco Santander reduces its stake in Ferrovial (deal no. 1601337701)
26/01/2012 Ortiz Construcciones y Proyectos receives funding for its two wind parks in A
10/01/2012 Banco Santander may sell its stake in Banesto (deal no. 1601333347)
09/01/2012 Banco Santander may sell more of its non-core assets (deal no. 160133145
09/01/2012 Banco Santander sells minority stake in Banco Santander (Brasil) (deal no.
30/12/2011 Banco Santander increases capital for preference share buyback (deal no. 1
27/12/2011 Spanish Government authorises CESCE privatisation process: Mapfre favour
22/12/2011 1601328164)
JM McGill acquires Knollbeck Pharmacy (deal no. 1601327394)
19/12/2011 CPFL Comercialização Brasil acquires Jantus (deal no. 1601261467)
19/12/2011 BPM completes rights issue (deal no. 1601270267)
16/12/2011 Fomento de Construcciones y Contratas (deal no. 1601325972)
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2010 31/12/2009
12 months 12 months
mil EUR mil EUR
717,987.9 668,593.0
737,684.9 686,466.0
19,697.0 17,873.0
346,077.7 339,832.5
86,021.4 93,794.6
82,760.0 69,110.1
174,530.0 174,154.8
2,766.3 2,773.0
1,064,065.6 1,008,425.5
11,141.6 8,995.7
142,293.5 93,108.3
1,217,500.7 1,110,529.5
774,965.1 671,337.6
570,723.5 468,282.7
177,235.0 174,342.0
27,006.6 28,712.9
299,895.8 296,650.6
82,723.1 64,710.1
12,302.9 5,442.3
204,869.8 226,498.2
46,065.4 51,138.0
n.a. n.a.
15,659.9 17,532.7
80,914.5 73,870.6
1,217,500.7 1,110,529.5
27,908.0 24,049.0
19,697.0 17,873.0
243,400.0 201,095.0
28,064.3 25,643.5
n.a. n.a.
7,352.0 7,745.0
23,122.6 29,060.0
Unqualified Unqualified
Original Original
31/12/2010 31/12/2009
12 months 12 months
mil EUR mil EUR
29,586.5 26,735.0
13,563.1 13,421.0
1,311.8 2,098.3
70.0 198.0
9,734.1 9,080.2
2,447.2 2,044.5
19,296.2 17,194.0
10,266.9 11,088.0
-1,534.6 -1,286.2
12,051.9 10,587.8
2,923.2 1,206.6
9,101.8 9,412.1
42,997.1 40,016.1
1,270.0 2,297.0
13.10 14.20
9.86 9.97
79,276.0 79,704.0
58,606.0 55,394.0
9,711.7 8,879.9
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2010 31/12/2009
12 months 12 months
mil EUR mil EUR
41,854.1 42,081.9
11,052.7 11,091.1
362.1 436.5
53,268.9 53,609.5
13,445.6 11,810.7
10,236.8 15,063.8
23,682.4 26,874.5
29,586.5 26,735.0
1,311.8 2,098.3
1,223.7 1,127.9
70.0 198.0
377.9 338.9
9,734.1 9,080.2
693.1 437.8
13,410.6 13,281.1
9,329.6 8,450.0
9,966.6 8,744.0
19,296.2 17,194.0
152.5 139.9
23,853.4 22,962.0
10,266.9 11,088.0
1,308.8 2,282.5
12,277.7 9,591.5
0.0 0.0
350.3 1,565.0
576.1 1,390.1
0.0 n.a.
0.0 821.4
12,051.9 10,587.8
2,923.2 1,206.6
-26.9 30.9
9,101.8 9,412.1
-1,894.2 -1,314.0
n.a. n.a.
4,913.2 -8,148.2
-2,168.9 440.3
9,951.9 390.2
921.0 516.0
8,180.8 8,896.1
1,270.0 2,297.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
395,622.0 379,297.0
n.a. n.a.
342,062.9 307,169.0
19,697.0 17,873.0
717,987.9 668,593.0
737,684.9 686,466.0
27,908.0 24,049.0
n.a. n.a.
43,134.8 50,346.7
42,886.6 43,447.9
79,593.3 72,411.0
82,760.0 69,110.1
86,234.8 86,620.5
0.0 0.0
272.9 164.0
8,429.0 14,959.3
300,176.6 286,712.8
99,265.4 82,319.4
n.a. n.a.
n.a. n.a.
2,766.3 2,773.0
n.a. n.a.
1,064,065.6 1,008,425.5
77,785.3 34,889.4
n.a. n.a.
6,285.0 5,789.2
11,141.6 8,995.7
24,622.3 22,865.1
3,442.0 2,778.4
5,483.7 4,827.6
17,088.7 15,827.3
0.0 n.a.
7,586.5 6,131.3
1,217,500.7 1,110,529.5
148,066.3 135,895.0
140,124.7 131,510.9
282,532.5 200,876.8
570,723.5 468,282.7
53,386.1 78,830.5
123,848.9 95,511.5
27,006.6 28,712.9
774,965.1 671,337.6
165,868.7 183,250.2
23,122.6 29,060.0
8,526.5 6,443.0
197,517.8 218,753.2
82,723.1 64,710.1
12,302.9 5,442.3
1,067,508.9 960,243.2
0.0 0.0
n.a. n.a.
15,659.9 17,532.7
4,306.2 3,337.4
4,312.1 3,666.5
0.0 n.a.
n.a. 293.5
10,449.3 16,916.4
26,997.8 26,924.2
1,129,234.2 1,028,913.9
7,352.0 7,745.0
8,668.0 7,000.0
68,665.5 64,831.7
5,896.1 5,204.1
-1,248.9 645.3
1,061.4 -3,851.8
-2,127.6 41.3
72,246.5 66,870.6
1,217,500.7 1,110,529.5
36,853.0 35,302.1
49,153.5 42,674.6
5.80 6.16
2.50 2.68
5.08 5.35
2.29 2.81
2.82 2.67
1.84 1.56
2.82 2.67
31.19 33.19
44.88 42.97
1.63 1.56
34.34 37.75
2.01 2.09
48.53 58.23
17.67 15.77
1.04 0.87
24.26 11.40
3.94 4.09
2.03 1.71
13.10 15.47
0.77 0.85
14.33 0.64
0.84 0.04
n.a. n.a.
1.50 1.68
1.65 0.07
6.09 6.29
8.13 7.60
3.26 3.43
9.86 9.97
13.10 14.20
8.63 8.50
5.93 6.02
13.95 24.40
12.76 588.67
n.a. n.a.
10.84 10.64
9.63 5.80
7.46 8.25
3.78 3.50
2.67 2.60
70.58 74.32
11.37 9.24
1.42 1.62
1.35 1.30
4.60 4.31
129.25 146.59
80.80 63.87
57.95 52.29
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,217,500.7 1,110,529.5
604,885.0 561,684.0
n.a. n.a.
604,885.0 561,684.0
721,536.4 683,507.7
1,049,499.1 1,001,925.1
1,185,225.5 1,101,271.1
n.a. n.a.
1,032,894.4 955,960.4
65,637.8 62,400.6
69,469.0 60,833.5
538,667.7 441,489.8
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
23,122.6 29,060.0
n.a. n.a.
9,101.8 9,412.1
n.a. n.a.
9,101.8 9,412.1
72,246.5 66,870.6
8,668.0 7,000.0
0.0 0.0
80,914.5 73,870.6
72,246.5 66,870.6
0.0 0.0
0.0 0.0
24,622.3 22,865.1
3,442.0 2,778.4
5,547.0 4,203.0
1,782.2 1,722.0
0.0 0.0
36,853.0 35,302.1
12,300.5 7,372.5
0.0 0.0
49,153.5 42,674.6
15,794.1 15,129.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
41,854.1 42,081.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
13,445.6 11,810.7
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
86,234.8 86,620.5
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.0 0.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
10,913.0 9,794.6
1,201.3 914.7
9,711.7 8,879.9
5,112.9 6,245.2
14,584.1 11,627.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
4,165.0 n.a.
n.a. n.a.
n.a. n.a.
6,911.0 n.a.
n.a. n.a.
n.a. n.a.
5,896.1 5,204.1
66,350.4 61,666.5
72,246.5 66,870.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
-2,315.0 n.a.
-2,315.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
66,257.0 n.a.
63,942.0 n.a.
n.a. n.a.
63,942.0 n.a.
8,668.0 7,000.0
80,914.5 73,870.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,270.0 2,297.0
1,270.0 2,297.0
n.a. n.a.
5,547.0 4,203.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
7,265.0 14,745.0
n.a. n.a.
8,668.0 n.a.
12,300.5 7,372.5
12,300.5 7,372.5
58,606.0 55,394.0
79,276.0 79,704.0
9.86 9.97
13.10 14.20
604,885.0 561,684.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
300,176.6 286,712.8
n.a. n.a.
300,176.6 286,712.8
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
178,869 169,460
14,082 13,660
9.86 9.97
8.63 8.50
13.10 14.20
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Unqualified
31/12/2010 31/12/2009
2.67 2.60
34.70 41.47
70.58 74.32
3.78 3.50
1.36 1.35
50.14 43.32
34.49 32.56
10.15 8.36
9.86 9.97
13.10 14.20
6.65 6.65
11.27 11.05
10.44 11.00
7.32 7.39
9.15 9.97
15.51 16.55
14.37 16.49
10.07 11.07
20.76 26.26
2.86 2.74
2.54 2.48
1.17 1.24
2.54 2.62
1.17 1.10
-0.38 -0.23
0.78 0.87
11.76 14.06
13.95 24.41
10.12 10.63
-16.86 -13.67
44.72 42.82
2.05 2.13
48.54 53.80
58.97 60.21
92.65 99.59
68.75 71.80
31.41 29.95
23.31 21.60
,099,072,253
,261,548
dinary Shares
S0113900J37
05946
AN
50
olsa de Madrid
oerse Berlin
oerse Duesseldorf
oerse Frankfurt
oerse Hamburg
oerse Hannover
oerse Munchen
oerse Stuttgart
olsa de Comercio de Buenos Aires
olsa Mexicana de Valores
orsa Italiana - MTA (Mercato Telematico Azionario)
udapest Stock Exchange
ronext Amsterdam
ronext Lisbon
ndon Stock Exchange
S Exchange
ETRA
SE EUROTOP 100 - NETHERLANDS
EX 35 - SPAIN
I - GENERAL - PORTUGAL
10/30/2012
5.77
6.65
3.98
10/30/2012
0.86
-4.80
15.61
-0.45
10.99
-3.37
-0.88
1.19
1.18
1.27
0.94
0.89
0.94
1.22
1.20
1.28
0.95
0.90
0.94
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.42
0.45
0.33
0.32
0.31
no. 1601386109)
Colombia to Corp Group Interhold (deal no. 1601322877)
a from Banco Santander (deal no. 1601322834)
nt arm (deal no. 1601376953)
601374463)
er Brasil: Santander denies sale (deal no. 1601373226)
Group: Half of stake acquired (deal no. 1601346221)
53)
rket (deal no. 1601260154)
mber of shares to be issued in transaction set (deal no.
ts issue (deal no. 1601347339)
4)
601353794)
294781)
no. 1601347339)
no. 1601374922)
IT Holding to qualified investors (deal no. 1601311055)
to acquire Zagiel (deal no. 1601346904)
d Good Morning Disposables (deal no. 1601346592)
tial Public Offering withdrawn (deal no. 1601314931)
194)
al no. 1601337701)
or its two wind parks in Almeria (deal no. 1601337225)
al no. 1601333347)
ets (deal no. 1601331454)
tander (Brasil) (deal no. 1601332359)
hare buyback (deal no. 1601328387)
n process: Mapfre favourite to acquire CESCE (deal no.
601327394)
no. 1601261467)
1601325972)
IFRS
Audited
Original
31/12/2008
12 months
mil EUR
621,660.4
634,126.4
12,466.0
324,840.2
84,020.3
107,916.1
125,996.8
6,907.0
946,500.6
8,501.6
94,629.4
1,049,631.6
592,219.2
378,749.5
88,226.0
125,243.7
331,764.6
95,565.1
3,035.2
233,164.3
47,910.0
n.a.
17,736.3
60,001.5
1,049,631.6
13,994.0
12,466.0
187,902.0
20,623.3
197,048.2
8,673.0
30,200.3
Audited
Original
31/12/2008
12 months
mil EUR
18,724.6
13,530.4
1,199.5
607.3
8,450.5
3,273.1
13,878.0
5,964.4
-1,182.9
11,229.7
1,884.2
9,332.4
31,340.0
2,693.0
13.30
8.75
62,844.0
45,108.0
3,837.9
IFRS
Audited
Original
31/12/2008
12 months
mil EUR
47,057.2
9,150.5
552.8
56,760.5
19,207.4
18,828.5
38,035.9
18,724.6
1,199.5
1,058.9
607.3
251.6
8,450.5
1,047.6
12,615.4
6,963.9
6,914.1
13,878.0
915.0
18,377.0
5,964.4
381.0
12,031.6
n.a.
4,777.9
5,579.8
n.a.
n.a.
11,229.7
1,884.2
-13.1
9,332.4
-1,313.9
n.a.
-8,148.2
440.3
310.6
456.0
8,876.4
2,693.0
n.a.
n.a.
n.a.
347,201.0
n.a.
286,925.4
12,466.0
621,660.4
634,126.4
13,994.0
n.a.
60,223.6
23,796.7
58,100.4
107,916.1
48,920.3
n.a.
1,323.5
17,652.6
257,709.6
43,631.6
n.a.
n.a.
2,905.4
4,001.6
946,500.6
45,781.3
n.a.
5,265.9
8,501.6
18,836.2
1,787.1
2,309.4
14,644.2
n.a.
6,005.3
1,049,631.6
94,773.2
118,709.6
165,266.7
378,749.5
88,226.0
n.a.
125,243.7
592,219.2
194,291.0
30,200.3
n.a.
224,491.3
95,565.1
3,035.2
915,310.8
n.a.
n.a.
17,736.3
2,304.6
3,464.1
n.a.
49.7
16,849.5
25,242.1
980,957.1
8,673.0
7,000.0
58,886.6
2,414.6
79.3
-9,424.9
1,045.9
53,001.5
1,049,631.6
28,497.2
36,333.7
7.98
5.73
6.68
4.64
2.20
1.50
2.20
40.25
44.28
1.46
36.94
1.93
34.53
24.18
1.27
16.78
3.58
2.34
18.76
0.98
0.62
0.03
n.a.
1.82
0.06
5.54
7.07
2.94
8.75
13.30
7.21
5.05
28.86
867.03
n.a.
12.53
14.98
10.45
2.21
1.97
89.08
2.88
1.01
0.65
3.01
167.43
68.26
46.20
n.a.
n.a.
65,323.2
n.a.
123,329.0
8,396.0
1,246,679.8
514,013.0
n.a.
514,013.0
589,790.5
849,944.1
950,887.5
n.a.
819,819.3
50,421.5
49,750.1
335,115.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
30,200.3
n.a.
9,332.4
n.a.
9,332.4
53,001.5
7,000.0
0.0
60,001.5
53,001.5
0.0
0.0
18,836.2
1,787.1
2,181.0
1,700.0
0.0
28,497.2
7,836.5
0.0
36,333.7
12,213.0
n.a.
n.a.
n.a.
n.a.
47,057.2
n.a.
n.a.
n.a.
n.a.
n.a.
19,207.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
145,444.0
n.a.
n.a.
n.a.
n.a.
6,272.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
151,716.0
42,548.0
n.a.
n.a.
n.a.
n.a.
6,373.0
n.a.
48,920.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
12,645.0
n.a.
n.a.
3,837.9
5,784.0
6,682.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
32,100.8
n.a.
27,207.0
n.a.
n.a.
421.2
2,414.6
50,586.9
53,001.5
79.3
-9,424.9
n.a.
1,355.8
-7,989.8
-309.9
n.a.
n.a.
n.a.
-8,299.7
n.a.
-8,299.7
7,000.0
60,001.5
n.a.
n.a.
n.a.
n.a.
2,693.0
2,693.0
n.a.
2,181.0
n.a.
n.a.
n.a.
n.a.
15,673.0
n.a.
n.a.
7,836.5
7,836.5
45,108.0
62,844.0
8.75
13.30
514,013.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,567.0
257,709.6
n.a.
257,709.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
170,961
13,390
8.75
7.21
13.30
n.a.
n.a.
n.a.
n.a.
n.a.
45,781.0
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2008
1.97
31.85
89.08
2.21
0.64
25.09
23.32
2.55
8.75
13.30
5.72
9.65
10.13
6.31
9.42
15.91
16.70
10.40
30.54
2.12
1.91
1.38
2.02
1.27
-0.31
0.95
15.88
28.86
11.30
-12.68
43.03
1.87
95.23
59.23
104.97
70.24
31.73
21.23
2006
11.60
12.01
11.81
12.04
11.04
11.19
11.62
11.87
12.22
13.29
13.44
13.86
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
15,295.1 12,479.8 10,659.
12,277.9 10,119.2 8,748.
2,321.6 1,875.5 1,374.
n.a. n.a. n.a
8,040.2 7,024.2 6,061.
1,916.1 1,219.5 1,312.
12,755.9 11,558.2 10,723.
3,496.1 2,483.9 1,747.
-145.7 438.6 727.
11,175.3 8,995.5 7,663.
2,335.7 2,254.6 1,241.
9,636.2 8,245.8 6,752.
26,978.0 22,053.2 18,632.
IFRS IFRS
Unqualified Unqualified
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
-832.7 341.6 6.
n.a. n.a. n.a
-1,165.4 -526.8 1,222.
-150.7 -24.4 57.
7,487.4 8,036.2 8,039.
520.0 n.a. n.a
9,116.2 8,245.8 6,752.
1,538.0 1,337.0 1,744.
n.a. n.a. n.a
IFRS IFRS
Unqualified Unqualified
31/12/2007 31/12/2006
8.93
9.17
9.20
8.84
9.08
9.40
10.02
9.70
10.71
10.43
10.58
10.93
IFRS IFRS
Unqualified Not Audited
Original Original
31/12/2005 31/12/2004
12 months 12 months
mil EUR mil EUR
435,828.8 369,350.0
443,438.7 376,195.2
7,609.9 6,845.2
303,898.6 246,393.5
57,344.4 64,565.3
31,755.3 24,906.1
166,796.2 108,557.8
48,002.7 48,364.3
739,727.4 615,743.5
9,993.2 10,585.2
59,386.3 38,157.6
809,106.9 664,486.3
479,661.2 400,277.4
270,962.6 243,187.8
57,223.2 49,830.0
151,475.4 107,259.6
202,593.8 142,064.4
31,538.8 28,139.1
26,322.9 8,725.1
144,732.1 105,200.2
64,402.3 60,204.1
n.a. n.a.
19,823.0 18,023.8
42,626.6 43,916.6
809,106.9 664,486.3
4,356.0 4,208.0
7,609.9 6,845.2
163,250.7 124,854.2
16,229.2 15,503.3
144,716.9 106,674.4
8,081.6 n.a.
21,990.7 22,178.2
1,744.2 1,310.7
12.94 13.01
7.88 7.16
53,426.0 44,360.0
32,532.0 24,419.0
1,269.0 620.0
IFRS IFRS
Unqualified Not Audited
Original Original
31/12/2005 31/12/2004
12 months 12 months
mil EUR mil EUR
24,200.2 11,749.9
8,888.4 5,694.5
335.6 389.0
33,424.2 17,833.4
12,975.5 5,865.2
9,789.3 4,406.7
22,764.8 10,271.9
10,659.4 7,561.5
1,374.8 738.6
0.0 0.0
n.a. n.a.
201.5 161.4
6,061.1 4,727.2
335.6 562.3
7,973.0 6,189.5
5,611.3 4,296.2
5,111.8 3,591.5
10,723.1 7,887.7
775.4 567.3
8,684.7 6,430.6
1,747.9 1,595.1
0.0 0.0
6,936.8 4,835.5
n.a. n.a.
2,311.8 831.6
0.0 138.2
n.a. n.a.
-1,584.7 -1,141.7
7,663.9 4,387.2
1,241.8 525.8
330.7 134.8
6,752.8 3,996.2
6.7 1,935.0
n.a. n.a.
1,222.4 -157.4
57.3 -32.9
8,039.2 5,740.9
n.a. n.a.
6,752.8 3,996.2
1,744.2 1,310.7
n.a. n.a.
n.a. n.a.
n.a. n.a.
248,615.0 228,690.0
108,511.0 98,893.1
86,312.7 48,612.1
7,609.9 6,845.2
435,828.8 369,350.0
443,438.7 376,195.2
4,356.0 4,208.0
32,911.0 22,800.0
57,344.4 64,565.3
n.a. n.a.
89,819.8 60,288.9
31,755.3 24,906.1
73,944.9 44,521.3
n.a. n.a.
3,031.5 3,747.6
n.a. n.a.
198,551.5 133,463.9
52,068.7 33,553.9
n.a. n.a.
n.a. n.a.
47,495.2 46,267.1
507.5 2,097.2
739,727.4 615,743.5
16,086.5 0.0
n.a. n.a.
n.a. n.a.
9,993.2 10,585.2
14,018.2 15,090.6
2,211.0 412.7
1,217.6 1,381.7
8,909.4 8,342.2
n.a. n.a.
16,943.6 12,930.4
809,106.9 664,486.3
80,631.2 67,714.7
92,219.5 82,570.0
98,111.9 92,903.1
270,962.6 243,187.8
57,223.2 49,830.0
n.a. n.a.
151,475.4 107,259.6
479,661.2 400,277.4
114,659.8 83,022.0
21,990.7 22,178.2
n.a. n.a.
136,650.5 105,200.2
31,538.8 28,139.1
26,322.9 8,725.1
674,173.4 542,341.8
n.a. n.a.
n.a. n.a.
19,823.0 18,023.8
1,100.6 625.4
2,767.2 2,870.9
n.a. n.a.
8.0 n.a.
44,672.3 42,344.8
15,854.2 14,363.0
758,398.7 620,569.7
8,081.6 n.a.
n.a. 7,416.2
36,676.9 32,670.4
2,848.2 2,085.3
1,941.7 1,935.0
n.a. n.a.
1,159.8 -190.3
42,626.6 36,500.4
809,106.9 664,486.3
n.a. n.a.
n.a. n.a.
6.02 n.a.
4.73 n.a.
5.08 n.a.
3.82 n.a.
1.62 n.a.
1.35 n.a.
1.62 n.a.
42.79 45.01
57.55 57.36
1.48 n.a.
22.00 n.a.
1.20 n.a.
20.13 24.80
17.58 n.a.
0.96 n.a.
16.20 11.98
2.10 1.89
1.68 1.42
17.11 n.a.
0.93 n.a.
20.37 n.a.
1.11 n.a.
n.a. n.a.
1.64 1.17
1.95 1.68
n.a. n.a.
n.a. n.a.
3.04 2.90
7.88 7.16
12.94 13.01
n.a. n.a.
5.27 5.49
25.83 32.80
21.70 22.83
n.a. n.a.
11.75 7.36
21.76 n.a.
17.87 n.a.
0.98 1.12
1.72 1.82
174.70 162.67
-7.63 -7.23
0.43 n.a.
0.32 n.a.
0.98 1.12
163.65 154.69
100.21 129.57
42.16 47.29
n.a. n.a.
n.a. n.a.
48,199.7 31,511.6
n.a. n.a.
77,678.3 63,110.7
18,838.9 12,052.1
953,823.8 771,160.7
412,734.0 340,946.0
n.a. n.a.
412,734.0 340,946.0
402,303.0 n.a.
657,930.0 n.a.
725,620.1 n.a.
n.a. n.a.
595,494.6 n.a.
26,936.3 n.a.
39,468.0 n.a.
274,315.1 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
33,904.0 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
21,990.7 22,178.2
n.a. n.a.
6,752.8 3,996.2
n.a. n.a.
n.a. n.a.
42,626.6 36,500.4
n.a. 7,416.2
n.a. n.a.
n.a. n.a.
42,626.6 36,500.4
n.a. n.a.
n.a. n.a.
14,018.2 15,090.6
2,211.0 412.7
2,361.0 2,211.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
7,287.4 5,806.7
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
24,200.2 11,749.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
12,975.5 5,865.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
81,741.9 55,869.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
8,077.9 4,419.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
26,480.0 17,508.0
n.a. n.a.
116,299.8 77,796.9
9,016.7 10,380.6
59,037.3 26,321.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
5,890.9 7,818.8
n.a. n.a.
73,944.9 44,521.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
59,037.3 26,321.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
13,968.8 12,238.1
n.a. n.a.
n.a. n.a.
1,269.0 620.0
4,235.7 3,684.6
3,374.2 3,160.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
23,497.2 23,497.2
n.a. n.a.
13,179.7 9,173.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,848.2 2,085.3
39,778.4 34,415.1
42,626.6 32,670.4
1,941.7 1,935.0
1,065.0 n.a.
n.a. n.a.
n.a. -32.9
3,006.7 1,902.1
70.4 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
3,077.1 1,902.1
n.a. n.a.
3,077.1 1,902.1
n.a. 7,416.2
42,626.6 43,916.6
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1,744.2 1,310.7
1,744.2 1,310.7
n.a. n.a.
2,361.0 2,211.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
7,287.4 5,806.7
7,287.4 5,806.7
7,287.4 5,806.7
32,532.0 24,419.0
53,426.0 44,360.0
7.88 7.16
12.94 13.01
412,734.0 340,946.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
198,551.5 133,463.9
n.a. n.a.
198,551.5 133,463.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
125,367 132,001
10,201 9,973
7.88 7.16
n.a. n.a.
12.94 13.01
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
16,086.5 8,801.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Unqualified Not Audited
31/12/2005 31/12/2004
1.72 1.82
16.40 21.10
174.70 162.67
0.98 1.12
0.31 0.17
14.93 11.09
10.22 9.58
n.a. n.a.
7.88 7.16
12.94 13.01
5.27 6.61
9.78 11.89
8.89 10.97
5.79 7.34
8.99 9.95
16.68 17.90
15.16 16.51
9.87 11.05
30.25 33.56
1.57 1.23
1.45 1.14
1.19 1.02
1.69 1.43
0.94 0.73
-0.07 -0.15
0.92 0.60
15.61 9.10
25.83 32.80
11.58 6.12
10.77 -11.22
55.25 55.09
1.18 0.97
100.21 129.57
53.87 55.58
90.86 92.27
66.83 71.01
34.04 31.19
25.03 24.00
Banco Bilbao Vizcaya Argentaria SA
Contact details
Established in October 1988 following the merger of Banco de Bilbao and Banco de Vizcaya SA. In 1994, absorbed Banco
Meridional SA. On January 1, 2000 Banco Bilbao Vizcaya, BBV absorbed Argentaria, Caja Postal y Banco Hipotecario SA
and changed its name to Banco Bilbao Vizcaya Argentaria SA. On March 22, 2000 absorbed Banco del Comercio SA and
Banco de Negocios Argentaria. On April 17, 2000 absorbed Banca Catalana SA and Banco de Alicante. On June 17, 2009,
absorbed Banco de Crédito Local de España.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 351,900.0 338,857.0 323,442.0 335,260.0
Gross Loans 361,310.0 348,253.0 332,162.0 342,691.0
Less: Reserves for Impaired Loans/ NPLs 9,410.0 9,396.0 8,720.0 7,431.0
Other Earning Assets 182,302.0 166,473.0 171,883.0 169,412.0
Loans and Advances to Banks 26,107.0 23,637.0 22,239.0 33,856.0
Derivatives 52,127.0 37,268.0 32,873.0 44,779.0
Other Securities 100,662.0 102,401.0 115,108.0 89,014.0
Remaining earning assets 3,406.0 3,167.0 1,663.0 1,763.0
Total Earning Assets 534,202.0 505,330.0 495,325.0 504,672.0
Fixed Assets 5,740.0 5,132.0 5,229.0 5,291.0
Non-Earning Assets 57,746.0 42,276.0 34,511.0 29,909.0
Total Assets 597,688.0 552,738.0 535,065.0 539,872.0
Notes
Impaired Loans (Memo) 15,647.0 15,361.0 15,197.0 8,437.0
Loan Loss Reserves (Memo) 9,701.0 9,660.0 8,963.0 7,852.0
Liquid Assets (Memo) 81,406.0 74,440.0 81,375.0 82,622.0
Intangibles (Memo) 10,386.0 9,590.0 7,248.0 8,439.0
Off Balance Sheet Items 133,670.0 127,015.0 125,900.0 134,849.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 13,722.0 13,849.0 14,325.0 12,133.0
Other Operating Income 8,152.0 7,940.0 7,230.0 7,639.0
Net Gains (Losses) on Trading and Derivatives 1,054.0 643.0 321.0 265.0
Net Gains (Losses) on Assets at FV through Income 4.0 83.0 79.0 -17.0
Statement
Net Fees and Commissions 4,560.0 4,537.0 4,430.0 4,527.0
Remaining Operating Income 2,534.0 2,677.0 2,400.0 2,864.0
Overheads 11,259.0 9,847.0 9,247.0 9,249.0
Loan Loss Provisions 4,201.0 4,563.0 5,199.0 2,797.0
Other -2,644.0 -957.0 -1,373.0 -800.0
Profit before Tax 3,770.0 6,422.0 5,736.0 6,926.0
Tax 285.0 1,427.0 1,141.0 1,541.0
Net Income 3,485.0 4,995.0 4,595.0 5,385.0
Operating Income (Memo) 20,916.0 21,361.0 21,359.0 19,397.0
Net Gains (Losses) on Trading and Derivatives 1,054.0 643.0 321.0 265.0
Net Gains (Losses) on Other Securities 56.0 715.0 492.0 1,080.0
Net Gains (Losses) on Assets at FV through Income 4.0 83.0 79.0 -17.0
Statement
Net Insurance Income 881.0 782.0 720.0 616.0
Net Fees and Commissions 4,560.0 4,537.0 4,430.0 4,527.0
Other Operating Income 639.0 752.0 992.0 793.0
Total Non-Interest Operating Income 7,194.0 7,512.0 7,034.0 7,264.0
Personnel Expenses 5,311.0 4,814.0 4,651.0 4,716.0
Other Operating Expenses 5,948.0 5,033.0 4,596.0 4,533.0
Total Non-Interest Expenses 11,259.0 9,847.0 9,247.0 9,249.0
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans 130,703.0 n.a. n.a. n.a.
Other Consumer/ Retail Loans 14,980.0 135,868.0 126,488.0 n.a.
Corporate & Commercial Loans 13,152.0 150,239.0 177,644.0 n.a.
Other Loans 202,475.0 62,146.0 28,030.0 342,691.0
Less: Reserves for Impaired Loans/ NPLs 9,410.0 9,396.0 8,720.0 7,431.0
Net Loans 351,900.0 338,857.0 323,442.0 335,260.0
Gross Loans 361,310.0 348,253.0 332,162.0 342,691.0
Memo: Impaired Loans included above 15,647.0 15,361.0 15,197.0 8,437.0
Memo: Loans at Fair Value included above n.a. n.a. 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 20,319.0 15,815.0 22,239.0 33,856.0
Reverse Repos and Cash Collateral 5,788.0 7,822.0 n.a. n.a.
Trading Securities and at FV through Income 24,360.0 30,822.0 42,792.0 34,107.0
Derivatives 52,127.0 37,268.0 32,873.0 44,779.0
Available for Sale Securities 58,144.0 56,456.0 63,521.0 47,780.0
Held to Maturity Securities 10,955.0 9,946.0 5,437.0 5,282.0
At-equity Investments in Associates 4,134.0 2,964.0 2,922.0 1,467.0
Other Securities 3,069.0 2,213.0 436.0 378.0
Total Securities 158,577.0 147,491.0 147,981.0 133,793.0
Memo: Government Securities included Above 63,289.0 63,734.0 67,514.0 41,108.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 1,590.0 1,569.0 1,634.0 1,734.0
Insurance Assets 1,816.0 1,598.0 29.0 29.0
Other Earning Assets n.a. n.a. n.a. n.a.
Total Earning Assets 534,202.0 505,330.0 495,325.0 504,672.0
Non-earning Assets
Cash and Due From Banks 30,939.0 19,981.0 16,344.0 14,659.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 4,705.0 3,023.0 1,470.0 327.0
Fixed Assets 5,740.0 5,132.0 5,229.0 5,291.0
Goodwill 8,507.0 8,532.0 6,396.0 7,659.0
Other Intangibles 1,879.0 1,058.0 852.0 780.0
Current Tax Assets 1,509.0 1,113.0 1,187.0 1,266.0
Deferred Tax Assets 6,332.0 5,536.0 5,086.0 5,218.0
Discontinued Operations 229.0 200.0 n.a. n.a.
Other Assets 3,646.0 2,833.0 3,176.0 0.0
Total Assets 597,688.0 552,738.0 535,065.0 539,872.0
Interest-bearing Liabilities
Customer Deposits - Current 73,954.0 58,272.0 53,940.0 48,885.0
Customer Deposits - Savings 46,863.0 50,955.0 50,531.0 46,703.0
Customer Deposits - Term 140,885.0 137,995.0 135,111.0 143,419.0
Total Customer Deposits 261,702.0 247,222.0 239,582.0 239,007.0
Deposits from Banks 35,904.0 40,856.0 32,883.0 38,038.0
Repos and Cash Collateral 53,122.0 44,963.0 32,020.0 32,151.0
Other Deposits and Short-term Borrowings 31,449.0 24,143.0 49,592.0 32,830.0
Total Deposits, Money Market and Short-term 382,177.0 357,184.0 354,077.0 342,026.0
Funding
Senior Debt Maturing after 1 Year 26,606.0 25,176.0 25,906.0 29,738.0
Subordinated Borrowing 10,229.0 10,218.0 10,690.0 11,523.0
Other Funding 47,823.0 46,788.0 44,451.0 54,434.0
Total Long Term Funding 84,658.0 82,182.0 81,047.0 95,695.0
Derivatives 49,402.0 34,828.0 30,308.0 41,535.0
Trading Liabilities 4,611.0 4,046.0 5,197.0 3,733.0
Total Funding 520,848.0 478,240.0 470,629.0 482,989.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. 0.0 0.0 0.0
Credit impairment reserves 291.0 264.0 243.0 421.0
Reserves for Pensions and Other 7,270.0 8,058.0 8,316.0 8,257.0
Current Tax Liabilities 772.0 604.0 539.0 984.0
Deferred Tax Liabilities 1,558.0 1,591.0 1,669.0 1,282.0
Other Deferred Liabilities n.a. 0.0 0.0 0.0
Discontinued Operations n.a. 0.0 0.0 0.0
Insurance Liabilities 9,562.0 9,641.0 7,186.0 660.8
Other Liabilities 12,139.0 9,663.0 8,532.0 13,109.2
Total Liabilities 552,440.0 508,061.0 497,114.0 507,703.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 5,190.0 7,202.0 7,188.0 5,464.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. 0.0 n.a. 0.0
Equity
Equity
Common Equity 40,952.0 36,689.0 29,362.0 26,586.0
Non-controlling Interest 1,893.0 1,556.0 1,463.0 1,049.0
Securities Revaluation Reserves -682.0 333.0 1,951.0 931.0
Foreign Exchange Revaluation Reserves -1,937.0 -978.0 -2,236.0 -2,231.0
Fixed Asset Revaluations and Other Accumulated -168.0 -125.0 223.0 370.0
OCI
Total Equity 40,058.0 37,475.0 30,763.0 26,705.0
Total Liabilities and Equity 597,688.0 552,738.0 535,065.0 539,872.0
Memo: Fitch Core Capital 28,766.0 27,265.0 22,461.5 18,226.0
Memo: Fitch Eligible Capital 33,076.0 31,866.0 27,055.5 20,921.5
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 5.28 4.74 5.34 7.12
Interest Expense on Customer Deposits/ Average 2.13 1.46 1.79 3.97
Customer Deposits%
Interest Income/ Average Earning Assets% 4.75 4.28 4.89 6.55
Interest Expense/ Average Interest-bearing 2.20 1.61 2.07 4.16
Liabilities%
Net Interest Income/ Average Earning Assets% 2.63 2.74 2.89 2.58
Net Int. Inc Less Loan Impairment Charges/ Av. 1.83 1.83 1.84 1.98
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 2.63 2.74 2.89 2.58
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 34.39 35.17 32.93 37.45
Non-Interest Expense/ Gross Revenues% 53.83 46.10 43.29 47.68
Non-Interest Expense/ Average Assets% 1.96 1.78 1.71 1.81
Pre-impairment Op. Profit/ Average Equity% 27.39 36.90 42.02 39.10
Pre-impairment Op. Profit/ Average Total Assets% 1.84 2.16 2.28 2.06
Loans and securities impairment charges/ Pre- 39.76 39.69 44.47 27.95
impairment Op. Profit%
Operating Profit/ Average Equity% 16.50 22.25 23.34 28.18
Operating Profit/ Average Total Assets% 1.11 1.30 1.27 1.48
Taxes/ Pre-tax Profit% 7.56 22.22 19.89 22.25
Pre-Impairment Operating Profit / Risk Weighted 3.21 3.81 4.23 3.66
Assets%
Operating Profit / Risk Weighted Assets% 1.93 2.30 2.35 2.64
Other Profitability Ratios
Net Income/ Average Total Equity% 8.99 15.43 15.69 20.01
Net Income/ Average Total Assets% 0.61 0.90 0.85 1.05
Fitch Comprehensive Income/ Average Total Equity 3.79 13.25 18.65 8.19
%
Fitch Comprehensive Income/ Average Total Assets 0.25 0.77 1.01 0.43
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. 0.85 n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 1.05 1.59 1.58 1.87
Fitch Comprehensive Income/ Risk Weighted 0.44 1.37 1.88 0.77
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 8.70 8.70 7.72 6.34
Fitch Eligible Capital/ Weighted Risks% 10.00 10.17 9.30 7.28
Tangible Common Equity/ Tangible Assets% 5.00 5.13 4.45 3.43
Tier 1 Regulatory Capital Ratio% 10.30 10.54 9.36 7.90
Total Regulatory Capital Ratio% 12.90 13.70 13.55 12.20
Core Tier 1 Regulatory Capital Ratio% n.a. 8.89 7.97 n.a.
Equity/ Total Assets% 6.70 6.78 5.75 4.95
Cash Dividends Paid & Declared/ Net Income% 26.89 32.47 34.25 33.80
Cash Dividend Paid & Declared/ Fitch 63.83 37.84 28.81 82.61
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 6.36 9.00 9.82 13.35
Loan Quality
Growth of Total Assets% 8.13 3.30 -0.89 7.50
Growth of Gross Loans% 5.19 3.41 -3.07 7.76
Impaired Loans(NPLs)/ Gross Loans% 4.33 4.47 4.58 2.46
Reserves for Impaired Loans/ Gross loans% 2.60 2.74 2.63 2.17
Reserves for Impaired Loans/ Impaired Loans% 60.14 61.17 57.38 88.08
Impaired Loans less Reserves for Imp Loans/ Equity 15.57 15.92 21.05 3.77
%
Loan Impairment Charges/ Average Gross Loans% 1.19 1.35 1.53 0.84
Net Charge-offs/ Average Gross Loans% 1.05 1.23 1.07 0.60
Impaired Loans + Foreclosed Assets/ Gross Loans + 5.56 5.31 5.00 2.55
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 138.06 138.94 138.64 143.38
Interbank Assets/ Interbank Liabilities% 56.59 38.71 67.63 89.01
Customer Deposits/ Total Funding excl Derivatives 55.51 55.75 54.41 54.14
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. 392.0 n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. 34,672.0 26,556.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. 5,783.0 5,797.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. 40,455.0 32,353.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. 20,520.0 22,967.0
breakdown)
AFS Assets - Government n.a. n.a. 36,551.0 16,864.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. 6,450.0 7,949.0
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 58,144.0 56,456.0 63,521.0 47,780.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. 1,364.0 1,438.0
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 10.30 10.54 9.36 7.90
Total Capital Ratio 12.90 13.70 13.55 12.20
Equity / Tot Assets 6.70 6.78 5.75 4.95
Equity / Net Loans 11.38 11.06 9.51 7.97
Equity / Cust & Short Term Funding 10.48 10.49 8.69 7.81
Equity / Liabilities 7.39 7.53 6.32 5.38
Cap Funds / Tot Assets 9.28 9.93 9.09 8.09
Cap Funds / Net Loans 15.77 16.20 15.04 13.03
Cap Funds / Dep & ST Funding 14.52 15.37 13.74 12.77
Cap Funds / Liabilities 10.23 11.03 10.00 8.81
Subord Debt / Cap Funds 18.44 18.61 21.98 26.37
Operations
Net Interest Margin 2.64 2.77 2.87 2.54
Net Int Rev / Avg Assets 2.39 2.55 2.67 2.33
Oth Op Inc / Avg Assets 1.42 1.46 1.35 1.47
Non Int Exp / Avg Assets 2.69 2.65 2.69 2.31
Pre-Tax Op Inc / Avg Assets 1.12 1.36 1.32 1.48
Non Op Items & Taxes / Avg Ast -0.51 -0.44 -0.47 -0.45
Return On Avg Assets (ROAA) 0.61 0.92 0.86 1.03
Return On Avg Equity (ROAE) 8.99 14.64 15.99 19.71
Dividend Pay-Out 26.89 32.47 34.26 33.80
Inc Net Of Dist / Avg Equity 6.57 9.89 10.51 13.05
Non Op Items / Net Income -75.87 -19.16 -29.88 -14.86
Cost To Income Ratio 51.47 45.19 42.90 46.78
Recurring Earning Power 1.85 2.20 2.29 2.02
Liquidity
Interbank Ratio 29.33 27.54 34.27 48.24
Net Loans / Tot Assets 58.88 61.31 60.45 62.10
Net Loans / Dep & ST Funding 92.08 94.87 91.35 98.02
Net Loans / Tot Dep & Bor 68.92 72.40 70.32 71.11
Liquid Assets / Dep & ST Funding 21.30 20.84 22.98 24.16
Liquid Assets / Tot Dep & Bor 15.94 15.91 17.69 17.52
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 6.67 8.67 10.72 6.97 13.38 18.11 15.80 12.28
Market price - February 6.73 8.65 9.23 5.50 13.08 17.62 16.24 12.43
Market price - March 5.97 8.27 9.79 5.81 13.26 17.47 16.37 11.94
Market price - April 5.11 8.51 9.60 8.00 14.04 16.78 16.65 11.36
Market price - May 4.60 7.98 8.23 8.29 13.62 17.86 15.37 12.11
Market price - June 5.63 7.95 8.32 8.64 11.57 17.30 15.29 12.13
Market price - July 5.32 7.22 9.99 11.13 11.25 17.24 15.82 13.22
Market price - August 6.07 6.23 9.20 11.97 10.99 16.06 16.96 12.79
Market price - September 6.11 6.18 9.57 11.72 10.90 15.63 17.35 13.87
Market price - October 6.44 6.56 9.13 11.81 8.55 16.51 17.99 13.99
Market price - November n.a. 6.27 6.84 12.12 7.74 16.17 17.35 14.28
Market price - December n.a. 6.68 7.30 12.30 8.23 15.93 17.34 14.34
BETA
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 30/10/2012 Telefónica successfully completes flotation of Telefónica
Germany (deal no. 1601374463)
2 19/10/2012 CEMEX Latam releases IPO details (deal no. 1601396742)
3 11/10/2012 Eroski acquires remaining stake in Caprabo from Botet family
(deal no. 1601410968)
4 03/10/2012 ‘Telefónica’s Germany division eyes listing’ (deal no.
1601390898)
5 01/10/2012 BBVA may be looking for acquisitions (deal no. 1601407689)
6 28/09/2012 BBVA to swap Unnim debt for BBVA shares: acceptance period
closes (deal no. 1601407751)
7 28/09/2012 Seguros Catalana and Inoc complete acquisition of Groupama
Seguros (deal no. 1601356188)
8 26/09/2012 Antena 3 looking to acquire La Sexta: Spanish Advertisers
Association appeals against transaction (deal no. 1601295801)
28 24/05/2012 Banco Bilbao Vizcaya Argentaria may sell AFP BBVA Provida:
Grupo Sura not to bid for BBVA LatAm pension assets (deal no.
1601373237)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
55 55
60 60
absorbed Banco
Hipotecario SA
mercio SA and
June 17, 2009,
pe)
Watch
12.28
12.43
11.94
11.36
12.11
12.13
13.22
12.79
13.87
13.99
14.28
14.34
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
12/2011 ð n.a. n.a.
Contact details
Peer Group
Peer Group Name Commercial Banks Europe (Excl. Eastern Europe)
Size 1,148
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 184,093.8 193,753.4
Gross Loans 192,838.7 201,059.9
Less: Reserves for Impaired Loans/ NPLs 8,744.9 7,306.5
Other Earning Assets 96,846.6 69,133.1
Loans and Advances to Banks 18,190.0 12,436.3
Derivatives 32,964.6 19,310.3
Other Securities 45,464.0 37,154.5
Remaining earning assets 228.0 232.0
Total Earning Assets 280,940.4 262,886.5
Fixed Assets 3,143.0 4,334.1
Non-Earning Assets 18,762.8 15,932.1
Total Assets 302,846.2 283,152.7
Notes
Impaired Loans (Memo) 14,920.9 11,130.7
Loan Loss Reserves (Memo) 9,213.7 7,601.8
Liquid Assets (Memo) 25,914.8 19,811.1
Intangibles (Memo) 222.1 237.3
Off Balance Sheet Items 42,153.2 49,718.4
INCOME STATEMENT
Unqualified Not Audited
Original Original
31/12/2011 31/12/2010
12 months 12 months
mil EUR mil EUR
Net Interest Revenue 2,668.4 3,217.0
Other Operating Income 1,360.4 1,535.0
Net Gains (Losses) on Trading and Derivatives n.a. n.a.
Net Gains (Losses) on Assets at FV through Income 15.6 57.0
Statement
Net Fees and Commissions 1,061.3 1,216.0
Remaining Operating Income 283.5 262.0
Overheads 2,715.1 2,915.0
Loan Loss Provisions 3,114.0 2,034.0
Other -2,506.5 556.0
Profit before Tax -4,306.8 359.0
Tax -1,330.1 3.0
Net Income -2,976.7 356.0
Operating Income (Memo) 3,889.6 4,746.0
Assets
Loans
Residential Mortgage Loans n.a. n.a.
Other Mortgage Loans n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a.
Corporate & Commercial Loans n.a. n.a.
Other Loans 192,838.7 201,059.9
Less: Reserves for Impaired Loans/ NPLs 8,744.9 7,306.5
Net Loans 184,093.8 193,753.4
Gross Loans 192,838.7 201,059.9
Memo: Impaired Loans included above 14,920.9 11,130.7
Memo: Loans at Fair Value included above n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 8,395.5 11,945.5
Reverse Repos and Cash Collateral 9,794.5 490.8
Trading Securities and at FV through Income 1,445.0 869.6
Derivatives 32,964.6 19,310.3
Available for Sale Securities 25,269.2 14,002.1
Held to Maturity Securities 10,893.6 9,086.9
At-equity Investments in Associates 2,349.4 4,119.5
Other Securities 5,506.8 9,076.4
Total Securities 88,223.1 56,955.6
Memo: Government Securities included Above 22,550.7 11,580.8
Memo: Total Securities Pledged n.a. n.a.
Investments in Property n.a. n.a.
Insurance Assets 228.0 232.0
Other Earning Assets n.a. n.a.
Total Earning Assets 280,940.4 262,886.5
Non-earning Assets
Cash and Due From Banks 6,279.8 6,505.2
Memo: Mandatory Reserves included above n.a. n.a.
Foreclosed Real Estate 5,466.4 3,951.2
Fixed Assets 3,143.0 4,334.1
Goodwill 40.8 42.3
Other Intangibles 181.3 195.0
Current Tax Assets 130.3 256.1
Deferred Tax Assets 6,249.9 4,261.0
Discontinued Operations n.a. n.a.
Other Assets 414.3 721.3
Total Assets 302,846.2 283,152.7
Interest-bearing Liabilities
Customer Deposits - Current 17,041.7 18,366.8
Customer Deposits - Savings 27,907.0 28,449.2
Customer Deposits - Term 69,026.2 68,459.5
Total Customer Deposits 113,974.9 115,275.5
Deposits from Banks 16,373.0 18,845.9
Repos and Cash Collateral 32,428.4 11,762.7
Other Deposits and Short-term Borrowings 9,893.6 20,277.2
Total Deposits, Money Market and Short-term Funding 172,669.9 166,161.3
Senior Debt Maturing after 1 Year 83,336.2 82,308.6
Subordinated Borrowing 325.8 301.0
Other Funding n.a. n.a.
Total Long Term Funding 83,662.0 82,609.6
Derivatives 28,904.0 14,555.6
Trading Liabilities n.a. n.a.
Total Funding 285,235.9 263,326.5
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a.
Credit impairment reserves 468.8 295.3
Reserves for Pensions and Other 815.7 2,012.0
Current Tax Liabilities 106.4 117.7
Deferred Tax Liabilities 1,064.3 852.4
Other Deferred Liabilities n.a. n.a.
Discontinued Operations n.a. n.a.
Insurance Liabilities 355.9 357.9
Other Liabilities 2,306.0 2,486.6
Total Liabilities 290,353.0 269,448.4
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt 0.0 0.0
Pref. Shares and Hybrid Capital accounted for as Equity 0.0 0.0
Equity
Common Equity 13,068.4 12,976.2
Non-controlling Interest 128.2 728.1
Securities Revaluation Reserves -527.8 0.0
Foreign Exchange Revaluation Reserves 13.1 n.a.
Fixed Asset Revaluations and Other Accumulated OCI -188.7 n.a.
Total Equity 12,493.2 13,704.3
Total Liabilities and Equity 302,846.2 283,152.7
Memo: Fitch Core Capital 11,034.4 12,231.0
Memo: Fitch Eligible Capital 11,034.4 12,231.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 2.96 n.a.
Interest Expense on Customer Deposits/ Average 2.37 n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 2.83 n.a.
Interest Expense/ Average Interest-bearing Liabilities% 1.84 n.a.
Net Interest Income/ Average Earning Assets% 0.99 n.a.
Net Int. Inc Less Loan Impairment Charges/ Av. Earning -0.17 n.a.
Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average 0.99 n.a.
Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 31.40 32.22
Non-Interest Expense/ Gross Revenues% 69.80 61.42
Non-Interest Expense/ Average Assets% 0.94 n.a.
Pre-impairment Op. Profit/ Average Equity% 9.43 n.a.
Pre-impairment Op. Profit/ Average Total Assets% 0.45 n.a.
Loans and securities impairment charges/ Pre- 256.78 128.96
impairment Op. Profit%
Operating Profit/ Average Equity% -14.78 n.a.
Operating Profit/ Average Total Assets% -0.71 n.a.
Taxes/ Pre-tax Profit% 30.88 0.84
Pre-Impairment Operating Profit / Risk Weighted Assets 0.84 1.09
%
Operating Profit / Risk Weighted Assets% -1.32 -0.31
Other Profitability Ratios
Net Income/ Average Total Equity% -21.36 n.a.
Net Income/ Average Total Assets% -1.03 n.a.
Fitch Comprehensive Income/ Average Total Equity% -21.36 n.a.
Fitch Comprehensive Income/ Average Total Assets% -1.03 n.a.
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -1.91 0.21
Fitch Comprehensive Income/ Risk Weighted Assets% -1.91 0.21
Capitalization
Fitch Core Capital/Weighted Risks% 7.08 7.24
Fitch Eligible Capital/ Weighted Risks% 7.08 7.24
Tangible Common Equity/ Tangible Assets% 4.05 4.76
Tier 1 Regulatory Capital Ratio% 8.10 7.38
Total Regulatory Capital Ratio% 8.50 7.62
Core Tier 1 Regulatory Capital Ratio% 8.30 7.66
Equity/ Total Assets% 4.13 4.84
Cash Dividends Paid & Declared/ Net Income% n.a. n.a.
Cash Dividend Paid & Declared/ Fitch Comprehensive n.a. n.a.
Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -23.83 2.60
Loan Quality
Growth of Total Assets% 6.96 n.a.
Growth of Gross Loans% -4.09 n.a.
Impaired Loans(NPLs)/ Gross Loans% 7.74 5.54
Reserves for Impaired Loans/ Gross loans% 4.53 3.63
Reserves for Impaired Loans/ Impaired Loans% 58.61 65.64
Impaired Loans less Reserves for Imp Loans/ Equity% 49.43 27.91
Loan Impairment Charges/ Average Gross Loans% 1.58 n.a.
Net Charge-offs/ Average Gross Loans% 0.17 n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + 10.28 7.36
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 169.19 174.42
Interbank Assets/ Interbank Liabilities% 51.28 63.39
Customer Deposits/ Total Funding excl Derivatives% 44.46 46.34
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet n.a. n.a.
Other off-balance sheet exposure to securitizations n.a. n.a.
Guarantees 10,373.4 12,054.9
Acceptances and documentary credits reported off- n.a. n.a.
balance sheet
Committed Credit Lines n.a. n.a.
Other Contingent Liabilities 31,779.8 37,663.5
Total Business Volume 344,999.4 332,871.1
Memo: Total Weighted Risks 155,860.0 168,914.0
Fitch Adjustments to Weighted Risks. n.a. n.a.
Fitch Adjusted Weighted Risks 155,860.0 168,914.0
Average Balance Sheet
Average Loans 197,317.1 n.a.
Average Earning Assets 269,666.4 n.a.
Average Assets 289,812.2 n.a.
Average Managed Assets Securitized Assets (OBS) n.a. n.a.
Average Interest-Bearing Liabilities 270,244.5 n.a.
Average Common equity 13,741.6 n.a.
Average Equity 13,936.7 n.a.
Average Customer Deposits 126,075.1 n.a.
Maturities
Loans & Advances < 3 months n.a. n.a.
Loans & Advances 3 - 12 Months n.a. n.a.
Loans and Advances 1 - 5 Years n.a. n.a.
Loans & Advances > 5 years n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a.
Trading Assets - Equities n.a. n.a.
Trading Assets - Commodities n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Governments
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Banks
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Corporates
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Structured
Equity Securities designated at FV through the Income n.a. n.a.
Statement
Loans at FV through the Income Statement n.a. n.a.
Trading Assets - Other n.a. n.a.
Total Trading Assets at FV through the Income Statement n.a. n.a.
Ratios
Capital
Tier 1 Ratio 8.10 7.38
Total Capital Ratio 8.50 7.62
Equity / Tot Assets 4.13 4.84
Equity / Net Loans 6.79 7.07
Equity / Cust & Short Term Funding 7.24 8.25
Equity / Liabilities 4.31 5.09
Cap Funds / Tot Assets 4.23 4.95
Cap Funds / Net Loans 6.96 7.23
Cap Funds / Dep & ST Funding 7.42 8.43
Cap Funds / Liabilities 4.42 5.20
Subord Debt / Cap Funds 2.54 2.15
Operations
Net Interest Margin 0.98 1.22
Net Int Rev / Avg Assets 0.91 1.14
Oth Op Inc / Avg Assets 0.46 0.54
Non Int Exp / Avg Assets 1.99 1.75
Pre-Tax Op Inc / Avg Assets -0.61 -0.07
Non Op Items & Taxes / Avg Ast -0.40 0.20
Return On Avg Assets (ROAA) -1.02 0.13
Return On Avg Equity (ROAE) -22.73 2.60
Dividend Pay-Out n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a.
Non Op Items / Net Income 84.20 156.18
Cost To Income Ratio 67.39 61.34
Recurring Earning Power 0.45 0.65
Liquidity
Interbank Ratio 37.27 40.63
Net Loans / Tot Assets 60.79 68.43
Net Loans / Dep & ST Funding 106.62 116.61
Net Loans / Tot Dep & Bor 64.62 73.66
Liquid Assets / Dep & ST Funding 15.01 11.92
Liquid Assets / Tot Dep & Bor 9.10 7.53
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
BETA
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 28/06/2012 CIBanco to acquire Finanmadrid Mexico from Bankia (deal no.
1601382496)
2 27/06/2012 Aqualandia completes acquisition of majority stake in Terra
Mítica (deal no. 1601145336)
3 22/06/2012 Bankia completes rights issue (deal no. 1601373801)
4 01/06/2012 Bankia Banca Privada to absorb Arcalia Patrimonios (deal no.
1601375503)
5 31/05/2012 FCC may acquire Bankia's stake in Realia Business (deal no.
1601375014)
6 26/05/2012 Iberdrola may take Bankia's stake in the company (deal no.
1601373459)
7 26/05/2012 Bankia and Banco Financiero y de Ahorros looking to sell stake in
International Consolidated Airlines Group (deal no. 1601373444)
8 19/04/2012 Mutua Madrileña sells its stake in Bankia (deal no. 1601362745)
27 12/04/2011 Banco de Sabadell to keep CAM stake in Ribera Salud (deal no.
1601262318)
28 15/03/2011 Bankia appoints IPO advisors (deal no. 1601243155)
29 27/01/2011 Spain ‘planning lottery IPO’ (deal no. 1601241797)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the Operating
Income (memo)
3 80
3 87
m
Watch
Source
N
Source
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
06/2011 - - -
06/2011 - 104.0 113.0
08/2012 - 6.0 14.0
the Operating
Caixabank
Contact details
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 181,939.8 185,221.2
Gross Loans 187,578.0 190,170.3
Less: Reserves for Impaired Loans/ NPLs 5,638.2 4,949.1
Other Earning Assets 74,667.0 74,426.2
Loans and Advances to Banks 5,126.8 8,485.5
Derivatives 15,475.9 11,530.2
Other Securities 53,570.9 53,986.1
Remaining earning assets 493.4 424.4
Total Earning Assets 256,606.8 259,647.4
Fixed Assets 3,027.3 3,468.7
Non-Earning Assets 10,790.5 9,901.2
Total Assets 270,424.6 273,017.3
Notes
Impaired Loans (Memo) 9,486.5 7,134.0
Loan Loss Reserves (Memo) 5,758.0 5,072.0
Liquid Assets (Memo) 9,738.2 12,162.3
Intangibles (Memo) 2,801.6 3,667.2
Off Balance Sheet Items 59,198.8 n.a.
INCOME STATEMENT
Unqualified Not Audited
Original Proforma
31/12/2011 31/12/201
12 months 12 months0
mil EUR mil EUR
Net Interest Revenue 3,546.8 3,878.1
Other Operating Income 3,219.0 2,853.5
Net Gains (Losses) on Trading and Derivatives 94.9 120.5
Net Gains (Losses) on Assets at FV through Income n.a. n.a.
Statement
Net Fees and Commissions 1,561.8 1,406.1
Remaining Operating Income 1,562.3 1,326.9
Overheads 3,596.2 3,504.4
Loan Loss Provisions 2,230.0 2,112.8
Other 219.5 190.6
Profit before Tax 1,159.1 1,305.0
Tax 106.4 93.4
Net Income 1,052.7 1,211.6
Operating Income (Memo) 6,476.9 6,529.0
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a.
Other Mortgage Loans n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a.
Corporate & Commercial Loans n.a. n.a.
Other Loans 187,578.0 190,170.3
Less: Reserves for Impaired Loans/ NPLs 5,638.2 4,949.1
Net Loans 181,939.8 185,221.2
Gross Loans 187,578.0 190,170.3
Memo: Impaired Loans included above 9,486.5 7,134.0
Memo: Loans at Fair Value included above n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 3,953.4 3,108.2
Reverse Repos and Cash Collateral 1,173.4 5,377.3
Trading Securities and at FV through Income 1,899.5 1,233.4
Derivatives 15,475.9 11,530.2
Available for Sale Securities 35,096.9 36,706.0
Held to Maturity Securities 7,784.1 7,389.4
At-equity Investments in Associates 7,256.2 6,868.6
Other Securities 1,534.2 1,788.7
Total Securities 70,220.2 70,893.6
Memo: Government Securities included Above 27,758.3 26,019.8
Memo: Total Securities Pledged n.a. n.a.
Investments in Property 275.4 194.2
Insurance Assets 218.0 230.2
Other Earning Assets n.a. n.a.
Total Earning Assets 256,606.8 259,647.4
Non-earning Assets
Cash and Due From Banks 2,711.9 2,443.4
Memo: Mandatory Reserves included above n.a. n.a.
Foreclosed Real Estate 1,139.7 n.a.
Fixed Assets 3,027.3 3,468.7
Goodwill 2,398.5 2,617.0
Other Intangibles 403.1 1,050.2
Current Tax Assets 474.3 209.1
Deferred Tax Assets 2,262.4 2,137.4
Discontinued Operations 297.4 686.0
Other Assets 1,103.2 758.1
Total Assets 270,424.6 273,017.3
Interest-bearing Liabilities
Customer Deposits - Current n.a. n.a.
Customer Deposits - Savings n.a. n.a.
Customer Deposits - Term 120,791.6 124,812.0
Total Customer Deposits 120,791.6 124,812.0
Deposits from Banks 8,350.9 6,385.5
Repos and Cash Collateral 8,675.8 23,006.2
Other Deposits and Short-term Borrowings 3,168.7 2,926.0
Total Deposits, Money Market and Short-term Funding 140,987.0 157,129.7
Senior Debt Maturing after 1 Year 2,943.0 6,264.2
Subordinated Borrowing 444.4 1,941.1
Other Funding 52,530.4 40,883.2
Total Long Term Funding 55,917.8 49,088.5
Derivatives 14,631.6 10,650.0
Trading Liabilities 1,817.6 744.4
Total Funding 213,354.0 217,612.6
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a.
Credit impairment reserves 119.8 122.9
Reserves for Pensions and Other 2,687.2 2,775.1
Current Tax Liabilities 244.0 115.1
Deferred Tax Liabilities 1,587.0 1,856.1
Other Deferred Liabilities n.a. n.a.
Discontinued Operations n.a. n.a.
Insurance Liabilities 21,969.8 19,989.6
Other Liabilities 4,810.7 5,716.4
Total Liabilities 244,772.5 248,187.8
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt 4,937.6 4,947.6
Pref. Shares and Hybrid Capital accounted for as Equity 1,500.0 n.a.
Equity
Common Equity 19,250.8 18,925.1
Non-controlling Interest 18.9 36.6
Securities Revaluation Reserves 452.4 1,096.5
Foreign Exchange Revaluation Reserves -49.1 41.2
Fixed Asset Revaluations and Other Accumulated OCI -458.5 -217.5
Total Equity 19,214.5 19,881.9
Total Liabilities and Equity 270,424.6 273,017.3
Memo: Fitch Core Capital 15,115.9 15,192.7
Memo: Fitch Eligible Capital 16,615.9 n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.15 n.a.
Interest Expense on Customer Deposits/ Average 1.71 n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.19 n.a.
Interest Expense/ Average Interest-bearing Liabilities% 2.15 n.a.
Net Interest Income/ Average Earning Assets% 1.40 n.a.
Net Int. Inc Less Loan Impairment Charges/ Av. Earning 0.52 n.a.
Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average 1.40 n.a.
Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 45.24 40.60
Non-Interest Expense/ Gross Revenues% 55.52 53.67
Non-Interest Expense/ Average Assets% 1.33 n.a.
Pre-impairment Op. Profit/ Average Equity% 16.04 n.a.
Pre-impairment Op. Profit/ Average Total Assets% 1.17 n.a.
Loans and securities impairment charges/ Pre-impairment 77.89 65.62
Op. Profit%
Operating Profit/ Average Equity% 3.55 n.a.
Operating Profit/ Average Total Assets% 0.26 n.a.
Taxes/ Pre-tax Profit% 9.18 7.16
Pre-Impairment Operating Profit / Risk Weighted Assets% 2.31 2.15
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet n.a. n.a.
Other off-balance sheet exposure to securitizations n.a. n.a.
Guarantees 9,391.8 n.a.
Acceptances and documentary credits reported off- n.a. n.a.
balance sheet
Committed Credit Lines n.a. n.a.
Other Contingent Liabilities 49,807.0 n.a.
Total Business Volume 329,623.4 273,017.3
Memo: Total Weighted Risks 137,354.8 150,419.2
Fitch Adjustments to Weighted Risks. n.a. n.a.
Fitch Adjusted Weighted Risks 137,354.8 150,419.2
Average Balance Sheet
Average Loans 190,341.4 n.a.
Average Earning Assets 254,172.5 n.a.
Average Assets 269,969.9 n.a.
Average Managed Assets Securitized Assets (OBS) n.a. n.a.
Average Interest-Bearing Liabilities 212,056.5 n.a.
Average Common equity 19,301.4 n.a.
Average Equity 19,765.7 n.a.
Average Customer Deposits 130,755.2 n.a.
Maturities
Loans & Advances < 3 months n.a. n.a.
Loans & Advances 3 - 12 Months n.a. n.a.
Loans and Advances 1 - 5 Years n.a. n.a.
Loans & Advances > 5 years n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a.
Trading Assets - Equities n.a. n.a.
Trading Assets - Commodities n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Governments
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Banks
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Corporates
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Structured
Equity Securities designated at FV through the Income n.a. n.a.
Statement
Loans at FV through the Income Statement n.a. n.a.
Trading Assets - Other n.a. n.a.
Total Trading Assets at FV through the Income Statement n.a. n.a.
Ratios
Capital
Tier 1 Ratio 12.80 8.92
Total Capital Ratio 12.80 8.92
Equity / Tot Assets 7.66 7.28
Equity / Net Loans 11.39 10.73
Equity / Cust & Short Term Funding 14.69 12.65
Equity / Liabilities 8.48 8.07
Cap Funds / Tot Assets 9.65 9.81
Cap Funds / Net Loans 14.34 14.45
Cap Funds / Dep & ST Funding 18.51 17.04
Cap Funds / Liabilities 10.68 10.87
Subord Debt / Cap Funds 1.70 7.25
Operations
Net Interest Margin 1.37 1.49
Net Int Rev / Avg Assets 1.31 1.42
Oth Op Inc / Avg Assets 1.19 1.05
Non Int Exp / Avg Assets 2.14 2.06
Pre-Tax Op Inc / Avg Assets 0.35 0.41
Non Op Items & Taxes / Avg Ast 0.04 0.04
Return On Avg Assets (ROAA) 0.39 0.44
Return On Avg Equity (ROAE) 5.19 6.09
Dividend Pay-Out 43.43 n.a.
Inc Net Of Dist / Avg Equity 2.93 n.a.
Non Op Items / Net Income 20.85 15.73
Cost To Income Ratio 53.15 52.06
Recurring Earning Power 1.17 1.18
Liquidity
Interbank Ratio 30.11 28.87
Net Loans / Tot Assets 67.28 67.84
Net Loans / Dep & ST Funding 129.05 117.88
Net Loans / Tot Dep & Bor 85.45 85.88
Liquid Assets / Dep & ST Funding 6.91 7.74
Liquid Assets / Tot Dep & Bor 4.57 5.64
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007
BETA
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 26/10/2012 CaixaBank planning future acquisitions (deal no. 1601415354)
2 28/09/2012 Seguros Catalana and Inoc complete acquisition of Groupama
Seguros (deal no. 1601356188)
3 27/09/2012 CaixaBank merges Buildingcentre and Gestora Estratégica de
Activos Inmobiliarios (deal no. 1601406750)
4 10/09/2012 CaixaBank considering acquisition of Banco Popular Español
(deal no. 1601403253)
5 06/09/2012 Aegon sells stake in Banca Civica Vida to CaixaBank (deal no.
1601400812)
6 13/08/2012 Banco BPI completes capital increase rights issue transaction
(deal no. 1601385941)
7 03/08/2012 CaixaBank completes Banca Cívica acquisition (deal no.
1601325852)
8 02/07/2012 CaixaBank completes sale of Banco BPI stake to Santoro (deal
no. 1601367773)
9 20/04/2012 Caixabank acquires a minority stake in Banco BPI from Itaú
Unibanco Holding (deal no. 1601363476)
10 31/01/2012 CaixaBank to sell Confederación Española de Cajas de Ahorros to
capital investors (deal no. 1601338980)
11 18/01/2012 Aon Gil y Carvajal Coreeduria de Seguros may acquire the
remaining stake in GDS (deal no. 1601335756)
12 18/01/2012 Aon acquires GDS (deal no. 1601317760)
13 15/01/2012 Bankia to merge with Caixabank (deal no. 1601333310)
14 16/12/2011 CaxiaBank sells remaining stake in Adeslas to CaxiaHolding (deal
no. 1601326013)
15 16/12/2011 Goodgrower acquires majority stake in Adeslas (deal no.
1601272483)
16 15/12/2011 Caixabank to issue convertible bonds (deal no. 1601325878)
17 21/11/2011 CaixaBank completes the acquisition of Bankpime's banking
activities (deal no. 1601305069)
18 26/10/2011 Abertis sells majority stake in Saba to Torreal, ProA Capital and
Caixabank (deal no. 1601274861)
19 13/10/2011 Caixabank increases capital (deal no. 1601310468)
20 13/10/2011 Caixabank increases capital (deal no. 1601310476)
21 28/09/2011 LAE delays its IPO (deal no. 1601241797)
22 14/07/2011 Mutua Madrileña completes acquisition of stake in VidaCaixa
Adeslas from Criteria CaixaCorp (deal no. 1601239014)
23 06/07/2011 Avanza acquires Grupo Biduedo (deal no. 1601406405)
24 30/06/2011 Criteria completes restructuring deal (deal no. 1601242144)
25 26/05/2011 La Caixa participates in Servihabitat capital increase (deal no.
1601270114)
26 24/05/2011 Inmobiliaria Carso acquires shares in Criteria (deal no.
1601273182)
27 24/05/2011 Mr Carlos Slim intends to acquire 1 per cent of Criteria (deal no.
1601273194)
28 23/05/2011 Criteria to sell stake in clinic company (deal no. 1601272483)
29 23/05/2011 VidaCaixa to sell Grupo Adeslas to Mutua Madrilena (deal no.
1601254435)
30 12/05/2011 Criteria CaixaCorp to absorb subsidiary (deal no. 1601275333)
Source : Zephyr
Current Directors / Managers / Contacts
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
The banks underlined and displayed in bold blue are available onBANKSCOPE.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
AIXA
00
23
k.com
ope)
nager for more
Watch
Bank information
No of
employees
28,651
26,915
Bank information
Op.
Vari- No of
Revenue
ation employees
Vari-
ation employees
(mil USD)*
ð 3.0 n.a.
ð 65.0 1.0
ð n.a. n.a.
ð n.a. n.a.
ð <0,5 2.0
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð 71.0 120.0
- 3.0 3.0
ð n.a. n.a.
ð n.a. n.a.
ð 4.0 15.0
ð n.a. n.a.
ð 24.0 140.0
- n.a. n.a.
- n.a. n.a.
- n.a. n.a.
ð 2.0 n.a.
ð n.a. n.a.
- 1.0 30.0
- n.a. n.a.
ð n.a. n.a.
- n.a. n.a.
- n.a. n.a.
ö 23.0 143.0
ð 2.0 15.0
ð 9.0 25.0
ð 7,966.0 864.0
ð n.a. n.a.
ð n.a. n.a.
ö 34.0 315.0
- n.a. n.a.
ð n.a. n.a.
ð 10.0 427.0
ð 1.0 n.a.
ð n.a. 2.0
- n.a. n.a.
ð 5,038.0 107.0
ð <0,5 3.0
- n.a. n.a.
ø n.a. n.a.
- n.a. n.a.
ð n.a. n.a.
ð 3.0 n.a.
ð 3.0 n.a.
ð 3.0 n.a.
ð 232.0 2,243.0
ð n.a. 1.0
ö 1,475.0 913.0
ð n.a. n.a.
ò 168.0 91.0
ö 1,333.0 9,494.0
ð n.a. n.a.
ð 2.0 7.0
ð 51.0 64.0
ð n.a. n.a.
ð <0,5 n.a.
ð 88.0 n.a.
ø 283.0 803.0
ø 6.0 39.0
ð 1,136.0 n.a.
ð n.a. 7.0
ð n.a. n.a.
ø 1,640.0 12,238.0
ð 80,873.0 46,575.0
- n.a. n.a.
ð n.a. n.a.
ö 8,866.0 50,452.0
ð 2.0 40.0
ö 84,031.0 291,027.0
- 1,110.0 1,994.0
ð 413.0 706.0
ð 5.0 31.0
ö 7.0 16.0
ð 27,863.0 n.a.
- n.a. n.a.
ð 2,227.0 40.0
ø 5,390.0 11,556.0
- 2.0 n.a.
- 2.0 n.a.
- 2.0 n.a.
ð 3,328.0 21,508.0
ò n.a. n.a.
ð 6.0 30.0
- <0,5 n.a.
- n.a. n.a.
- 23.0 n.a.
ò 771.0 112.0
- 29.0 14.0
Liberbank SA
Contact details
28014 MADRID
SPAIN
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 36,746.1 39,819.6 24,550.8 24,862.5
Gross Loans 39,777.0 42,673.0 25,278.0 25,428.8
Less: Reserves for Impaired Loans/ NPLs 3,030.9 2,853.4 727.2 566.3
Other Earning Assets 9,759.1 9,853.9 7,101.8 6,905.5
Loans and Advances to Banks 768.2 659.3 438.5 776.6
Derivatives 119.5 518.0 168.9 175.9
Other Securities 8,832.9 8,651.3 6,467.0 5,928.1
Remaining earning assets 38.5 25.3 27.4 24.9
Total Earning Assets 46,505.2 49,673.5 31,652.6 31,768.0
Fixed Assets 773.0 923.3 713.7 720.2
Non-Earning Assets 3,568.6 2,643.8 1,395.5 1,163.1
Total Assets 50,846.8 53,240.6 33,761.8 33,651.3
Notes
Impaired Loans (Memo) 6,262.7 4,648.2 984.4 690.5
Loan Loss Reserves (Memo) 3,109.7 2,925.3 750.5 592.2
Liquid Assets (Memo) 1,331.9 797.4 1,089.8 1,443.4
Intangibles (Memo) 128.8 140.4 93.3 82.7
Off Balance Sheet Items 6,027.9 6,681.3 4,458.1 6,052.0
INCOME STATEMENT
Unqualified Not Audited Not Audited Not Audited
Original Proforma Proforma Original
31/12/2011 31/12/2010 31/12/200 31/12/2008
12 months 12 months 9
12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 657.0 875.7 751.1 686.3
Other Operating Income 419.1 345.3 207.1 179.6
Net Gains (Losses) on Trading and Derivatives 12.6 37.0 12.3 -20.6
Net Gains (Losses) on Assets at FV through Income -0.4 -6.2 -0.1 0.5
Statement
Net Fees and Commissions 204.9 190.7 113.3 127.2
Remaining Operating Income 202.0 123.8 81.6 72.5
Overheads 785.9 717.0 421.2 425.7
Loan Loss Provisions 115.4 348.8 313.5 155.4
Other 119.5 123.2 63.0 69.2
Profit before Tax 294.3 278.4 286.5 354.0
Tax -16.8 9.5 31.8 64.3
Net Income 311.1 268.9 254.7 289.7
Operating Income (Memo) 953.2 1,187.1 917.8 847.9
Net Gains (Losses) on Trading and Derivatives 12.6 37.0 12.3 -20.6
Net Gains (Losses) on Other Securities 29.3 43.7 2.7 9.2
Net Gains (Losses) on Assets at FV through Income -0.4 -6.2 -0.1 0.5
Statement
Net Insurance Income 9.3 5.4 4.5 4.5
Net Fees and Commissions 204.9 190.7 113.3 127.2
Other Operating Income 40.5 40.8 34.0 40.8
Total Non-Interest Operating Income 296.2 311.4 166.7 161.6
Personnel Expenses 433.0 443.1 258.0 262.8
Other Operating Expenses 352.9 273.9 163.2 162.9
Total Non-Interest Expenses 785.9 717.0 421.2 425.7
Memo: Net Income after Allocation to Non- 308.5 268.9 254.7 289.7
controlling Interests
Memo: Common Dividends Relating to the Period n.a. n.a. n.a. n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 39,777.0 42,673.0 25,278.0 25,428.8
Less: Reserves for Impaired Loans/ NPLs 3,030.9 2,853.4 727.2 566.3
Net Loans 36,746.1 39,819.6 24,550.8 24,862.5
Gross Loans 39,777.0 42,673.0 25,278.0 25,428.8
Memo: Impaired Loans included above 6,262.7 4,648.2 984.4 690.5
Memo: Loans at Fair Value included above 0.0 0.0 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 677.7 591.4 438.5 776.6
Reverse Repos and Cash Collateral 90.5 67.9 0.0 0.0
Trading Securities and at FV through Income 33.7 55.9 47.0 90.3
Derivatives 119.5 518.0 168.9 175.9
Available for Sale Securities 3,098.6 4,163.0 3,872.8 3,608.8
Held to Maturity Securities 2,801.2 1,264.0 1,139.9 1,011.6
At-equity Investments in Associates 79.5 89.5 57.7 52.3
Other Securities 2,819.9 3,078.9 1,349.6 1,165.1
Total Securities 9,042.9 9,237.2 6,635.9 6,104.0
Memo: Government Securities included Above 2,352.1 1,602.2 1,020.4 874.7
Memo: Total Securities Pledged 1,154.3 2,355.6 1,595.1 2,314.5
Investments in Property 34.4 21.6 25.0 23.3
Insurance Assets 4.1 3.7 2.4 1.6
Other Earning Assets 0.0 0.0 0.0 0.0
Total Earning Assets 46,505.2 49,673.5 31,652.6 31,768.0
Non-earning Assets
Cash and Due From Banks 530.0 635.0 604.3 576.5
Memo: Mandatory Reserves included above n.a. 552.8 n.a. n.a.
Foreclosed Real Estate 1,473.0 577.9 372.3 230.0
Fixed Assets 773.0 923.3 713.7 720.2
Goodwill 67.2 68.6 41.4 40.4
Other Intangibles 61.6 71.8 51.9 42.3
Current Tax Assets 152.3 42.3 29.1 63.8
Deferred Tax Assets 1,044.7 971.3 222.4 174.4
Discontinued Operations 0.0 0.0 0.0 0.0
Other Assets 239.8 276.9 74.1 35.7
Total Assets 50,846.8 53,240.6 33,761.8 33,651.3
Interest-bearing Liabilities
Customer Deposits - Current 9,525.5 13,033.2 3,258.7 3,079.3
Customer Deposits - Savings 3,395.8 1,268.5 6,121.6 5,544.0
Customer Deposits - Term 14,059.3 14,930.7 8,836.7 9,400.7
Total Customer Deposits 26,980.6 29,232.4 18,217.0 18,024.0
Deposits from Banks 405.6 836.8 353.1 368.4
Repos and Cash Collateral 1,134.3 1,542.6 1,088.1 1,784.3
Other Deposits and Short-term Borrowings 304.9 899.6 1,574.4 2,178.8
Total Deposits, Money Market and Short-term 28,825.4 32,511.4 21,232.6 22,355.5
Funding
Senior Debt Maturing after 1 Year 3,238.4 2,892.5 1,490.6 1,035.8
Subordinated Borrowing 747.5 864.5 529.3 380.4
Other Funding 12,785.7 11,827.6 6,441.9 6,261.0
Total Long Term Funding 16,771.6 15,584.6 8,461.8 7,677.2
Derivatives 93.3 123.8 55.3 67.5
Trading Liabilities 439.1 425.8 0.0 0.0
Total Funding 46,129.4 48,645.6 29,749.7 30,100.2
Non-interest Bearing Liabilities
Fair Value Portion of Debt 0.0 0.0 0.0 0.0
Credit impairment reserves 78.8 71.9 23.3 25.9
Reserves for Pensions and Other 317.3 316.8 68.5 87.0
Current Tax Liabilities 3.8 13.5 47.3 39.0
Deferred Tax Liabilities 300.0 342.9 224.2 193.9
Other Deferred Liabilities 0.0 0.0 0.0 0.0
Discontinued Operations 0.0 0.0 0.0 0.0
Insurance Liabilities 110.3 65.4 31.6 6.8
Other Liabilities 715.6 662.2 559.3 466.4
Total Liabilities 47,655.2 50,118.3 30,703.9 30,919.2
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 267.9 282.7 177.9 115.0
Debt
Pref. Shares and Hybrid Capital accounted for as 0.0 0.0 0.0 0.0
Equity
Equity
Common Equity 2,832.1 2,631.1 2,523.3 2,321.3
Non-controlling Interest 192.6 208.5 7.7 6.4
Securities Revaluation Reserves -101.0 0.0 371.5 318.3
Foreign Exchange Revaluation Reserves 0.0 0.0 -23.0 -28.7
Fixed Asset Revaluations and Other Accumulated 0.0 0.0 0.5 -0.2
OCI
Total Equity 2,923.7 2,839.6 2,880.0 2,617.1
Total Liabilities and Equity 50,846.8 53,240.6 33,761.8 33,651.3
Memo: Fitch Core Capital 2,458.0 2,420.3 2,786.7 2,534.4
Memo: Fitch Eligible Capital 2,547.0 2,509.3 2,875.7 2,591.9
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.06 3.63 4.37 5.53
Interest Expense on Customer Deposits/ Average n.a. n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.34 3.79 4.12 5.30
Interest Expense/ Average Interest-bearing 2.02 1.87 1.86 3.29
Liabilities%
Net Interest Income/ Average Earning Assets% 1.36 1.99 2.37 2.24
Net Int. Inc Less Loan Impairment Charges/ Av. 1.12 1.19 1.38 1.74
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.36 1.99 2.37 2.24
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 31.07 26.23 18.16 19.06
Non-Interest Expense/ Gross Revenues% 82.45 60.40 45.89 50.21
Non-Interest Expense/ Average Assets% 1.51 1.52 1.25 1.32
Pre-impairment Op. Profit/ Average Equity% 9.87 16.90 19.54 15.46
Pre-impairment Op. Profit/ Average Total Assets% 0.56 1.07 1.59 1.36
Loans and securities impairment charges/ Pre- 59.41 72.54 57.60 38.71
impairment Op. Profit%
Operating Profit/ Average Equity% 4.00 4.64 8.28 9.47
Operating Profit/ Average Total Assets% 0.23 0.29 0.68 0.83
Taxes/ Pre-tax Profit% -5.71 3.41 11.10 18.16
Pre-Impairment Operating Profit / Risk Weighted 1.05 1.58 2.33 1.79
Assets%
Operating Profit / Risk Weighted Assets% 0.43 0.43 0.99 1.09
Other Profitability Ratios
Net Income/ Average Total Equity% 10.58 9.02 9.27 10.17
Net Income/ Average Total Assets% 0.60 0.57 0.76 0.90
Fitch Comprehensive Income/ Average Total Equity 6.95 9.02 9.27 10.17
%
Fitch Comprehensive Income/ Average Total Assets 0.39 0.57 0.76 0.90
%
Net Income/ Av. Total Assets plus Av. Managed 0.59 0.57 0.75 0.90
Securitized Assets%
Net Income/ Risk Weighted Assets% 1.13 0.84 1.10 1.18
Fitch Comprehensive Income/ Risk Weighted Assets 0.74 0.84 1.10 1.18
%
Capitalization
Fitch Core Capital/Weighted Risks% 8.90 7.57 12.09 10.28
Fitch Eligible Capital/ Weighted Risks% 9.22 7.85 12.47 10.52
Tangible Common Equity/ Tangible Assets% 4.98 4.67 8.28 7.55
Tier 1 Regulatory Capital Ratio% 10.47 8.85 10.60 8.81
Total Regulatory Capital Ratio% 12.68 11.20 14.17 11.79
Core Tier 1 Regulatory Capital Ratio% 10.14 8.30 9.87 8.34
Equity/ Total Assets% 5.75 5.33 8.53 7.78
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. n.a. n.a.
Cash Dividend Paid & Declared/ Fitch n.a. n.a. n.a. n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 10.64 9.47 8.84 11.07
Loan Quality
Growth of Total Assets% -4.50 57.69 0.33 8.60
Growth of Gross Loans% -6.17 67.70 -0.59 5.54
Impaired Loans(NPLs)/ Gross Loans% 15.74 10.96 3.89 2.72
Reserves for Impaired Loans/ Gross loans% 7.62 6.73 2.88 2.23
Reserves for Impaired Loans/ Impaired Loans% 48.40 61.39 73.87 82.01
Impaired Loans less Reserves for Imp Loans/ Equity 110.54 63.21 8.93 4.75
%
Loan Impairment Charges/ Average Gross Loans% 0.28 0.95 1.24 0.63
Net Charge-offs/ Average Gross Loans% 1.42 0.40 0.26 0.10
Impaired Loans + Foreclosed Assets/ Gross Loans + 18.75 12.16 5.29 3.59
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 147.43 145.02 138.76 141.08
Interbank Assets/ Interbank Liabilities% 167.09 70.67 124.19 210.80
Customer Deposits/ Total Funding excl Derivatives% 58.61 60.25 61.35 60.01
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 199.2 307.7 79.3 89.9
Sheet
Other off-balance sheet exposure to securitizations 0.0 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 3,098.6 4,163.0 3,872.8 3,608.8
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.37 2.15 2.37 2.24
Net Int Rev / Avg Assets 1.26 2.01 2.23 2.12
Oth Op Inc / Avg Assets 0.81 0.79 0.61 0.56
Non Int Exp / Avg Assets 1.73 2.45 2.18 1.80
Pre-Tax Op Inc / Avg Assets 0.34 0.36 0.66 0.88
Non Op Items & Taxes / Avg Ast 0.26 0.26 0.09 0.02
Return On Avg Assets (ROAA) 0.60 0.62 0.76 0.90
Return On Avg Equity (ROAE) 10.80 9.40 9.27 10.17
Dividend Pay-Out n.a. n.a. n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a. n.a. n.a.
Non Op Items / Net Income 38.41 45.82 24.74 23.89
Cost To Income Ratio 73.03 58.72 43.96 49.16
Recurring Earning Power 0.56 1.16 1.59 1.36
Liquidity
Interbank Ratio 49.89 27.71 30.43 36.08
Net Loans / Tot Assets 72.27 74.79 72.72 73.88
Net Loans / Dep & ST Funding 127.48 122.48 115.63 111.21
Net Loans / Tot Dep & Bor 80.97 83.34 84.02 83.66
Liquid Assets / Dep & ST Funding 4.62 2.45 5.13 6.46
Liquid Assets / Tot Dep & Bor 2.94 1.67 3.73 4.86
Date News
1 11/10/2012 Liberbank receives shareholder approval for planned IPO (deal
no. 1601411602)
2 11/10/2012 Liberbank looking to carry out convertible bond transaction:
shareholder approval granted (deal no. 1601411795)
3 21/05/2012 Liberbank sells its stake in Amper (deal no. 1601371714)
4 02/05/2012 Ibercaja pulls out of Liberbank/Cajatres merger (deal no.
1601366478)
5 21/03/2012 Liberbank sells half of Liberbank Vida y Pensiones Seguros y
Reaseguros to Aegon (deal no. 1601354680)
6 29/02/2012 Ibercaja may now merge with Cajatres and Liberbank as oppose
to acquisition deal: Liberbank's board approves transaction (deal
no. 1601315289)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
The banks underlined and displayed in bold blue are available onBANKSCOPE.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
Current subsidiaries
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
ntander y
Effibank SA
nager for more
Watch
IFRS
Not Audited
Original
31/12/2007
12 months
mil EUR
23,640.3
24,093.9
453.6
5,789.9
845.1
42.1
4,880.0
22.7
29,430.2
671.0
885.1
30,986.3
20,338.7
16,869.8
613.6
2,855.3
6,503.5
175.3
0.0
6,328.2
974.5
18.3
72.5
3,078.8
30,986.3
150.8
471.9
1,460.1
64.9
7,189.6
115.0
380.5
Not Audited
Original
31/12/2007
12 months
mil EUR
631.8
211.6
1.0
-1.2
112.4
99.4
419.4
106.2
72.4
390.2
90.5
299.7
814.5
n.a.
12.26
7.39
3,335.0
2,010.6
1.6
IFRS
Not Audited
Original
31/12/2007
12 months
mil EUR
1,115.1
77.8
66.9
1,259.8
n.a.
628.0
628.0
631.8
1.0
13.9
-1.2
3.5
112.4
53.1
182.7
256.4
163.0
419.4
28.9
424.0
106.2
3.6
314.2
0.0
77.6
0.0
0.0
-1.6
390.2
90.5
0.0
299.7
n.a.
n.a.
n.a.
n.a.
299.7
n.a.
299.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
24,093.9
453.6
23,640.3
24,093.9
150.8
0.0
845.1
0.0
106.3
42.1
3,770.0
946.4
57.3
0.0
4,922.1
1,018.8
695.5
21.9
0.8
0.0
29,430.2
508.7
n.a.
4.7
671.0
37.4
27.5
26.0
142.6
0.0
138.2
30,986.3
3,265.6
5,637.8
7,966.4
16,869.8
325.3
288.3
2,855.3
20,338.7
3,347.7
380.5
2,485.0
6,213.2
175.3
0.0
26,727.2
0.0
18.3
72.5
47.1
474.6
0.0
0.0
2.7
450.1
27,792.5
115.0
0.0
2,112.2
4.6
966.6
-4.6
0.0
3,078.8
30,986.3
3,013.9
3,071.4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
22.43
51.49
n.a.
n.a.
n.a.
25.90
n.a.
n.a.
23.19
1.56
1.16
n.a.
n.a.
n.a.
n.a.
n.a.
1.10
1.10
11.08
11.29
9.75
7.39
12.26
6.97
9.94
n.a.
n.a.
n.a.
9.73
n.a.
n.a.
0.63
1.88
300.80
-9.84
n.a.
n.a.
0.65
142.82
259.79
63.54
0.0
0.0
1,632.3
12.5
5,544.8
0.0
38,175.9
27,194.5
n.a.
27,194.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
380.5
n.a.
299.7
n.a.
299.7
3,078.8
0.0
n.a.
n.a.
3,078.8
0.0
0.0
37.4
27.5
0.0
0.0
0.0
3,013.9
57.5
0.0
3,071.4
1,291.7
n.a.
n.a.
n.a.
n.a.
1,115.1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,770.0
n.a.
n.a.
n.a.
n.a.
n.a.
946.4
n.a.
n.a.
n.a.
n.a.
n.a.
4.4
2.8
1.6
374.8
78.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4.6
3,074.2
3,078.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.0
3,078.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.0
n.a.
0.0
0.0
0.0
115.0
0.0
0.0
57.5
57.5
2,010.6
3,335.0
7.39
12.26
27,194.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,922.1
695.5
4,226.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,209
591
7.39
6.97
12.26
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Not Audited
31/12/2007
1.96
16.81
312.93
0.63
0.01
0.39
4.90
n.a.
7.39
12.26
9.94
13.02
15.14
11.23
11.54
15.12
17.57
13.04
10.65
2.15
2.04
0.68
1.70
1.03
-0.06
0.97
9.73
n.a.
n.a.
24.16
49.73
1.37
137.73
76.29
116.23
89.73
7.18
5.54
Bank information
No of
employees
1,984
6,230
Bank information
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
- n.a. n.a.
- n.a. n.a.
- 23.0 4.0
- n.a. n.a.
- n.a. n.a.
- 4.0 100.0
- 3,619.0 3,307.0
- 981.0 2,879.0
ð 3,529.0 31,092.0
ð 1,086.0 1,323.0
- 1,117.0 1,389.0
- <0,5 6.0
ò 52.0 n.a.
Banco Popular Espanol SA
Contact details
Bank History :
Established on July 1, 1926. In December 2008, Banco Popular Espanol SA absorbed Banco de Galicia SA, Banco de
Castilla SA, Banco de Crédito Balear SA and Banco de Vasconia SA. In August 2009, Banco Popular Espanol SA absorbed
Banco de Andalucia SA. On July 24, 2012, absorbed Banco Pastor SA.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname POPULCOI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 10/19/2012
Name of the Auditor PricewaterhouseCoopers Model ALLBANKS
Auditores S.L.
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator A+
Peer Group
Peer Group Name Cooperative Banks Europe (Excl. Eastern Europe)
Size 1,761
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 96,771.1 96,032.3 94,956.5 91,701.5
Gross Loans 99,225.1 98,388.7 97,507.8 93,716.6
Less: Reserves for Impaired Loans/ NPLs 2,454.0 2,356.4 2,551.3 2,015.1
Other Earning Assets 25,143.8 25,693.3 24,111.8 11,584.3
Loans and Advances to Banks 3,970.8 6,054.8 7,341.9 4,905.3
Derivatives 2,262.0 2,219.6 2,303.6 1,899.4
Other Securities 18,766.2 17,253.9 14,289.7 3,934.9
Remaining earning assets 144.8 165.0 176.6 844.7
Total Earning Assets 121,914.9 121,725.6 119,068.3 103,285.8
Fixed Assets 689.7 569.4 562.9 1,355.4
Non-Earning Assets 8,321.1 7,844.8 9,658.9 5,734.9
Total Assets 130,925.7 130,139.8 129,290.1 110,376.1
Notes
Impaired Loans (Memo) 7,066.8 5,826.4 5,334.3 2,853.0
Loan Loss Reserves (Memo) 2,521.1 2,438.9 2,727.5 2,196.6
Liquid Assets (Memo) 5,036.7 7,252.5 12,027.6 7,192.3
Intangibles (Memo) 996.0 657.1 487.0 546.6
Off Balance Sheet Items 24,883.1 26,727.1 31,507.7 33,994.4
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 2,095.4 2,461.9 2,830.4 2,559.1
Other Operating Income 931.5 1,059.1 1,075.6 1,139.4
Net Gains (Losses) on Trading and Derivatives 30.1 62.3 37.4 35.2
Net Gains (Losses) on Assets at FV through Income -1.9 -2.2 0.6 -10.2
Statement
Net Fees and Commissions 685.6 746.5 763.4 864.5
Remaining Operating Income 217.7 252.5 274.2 249.9
Overheads 1,432.4 1,372.6 1,336.6 1,358.3
Loan Loss Provisions 940.2 1,106.3 1,520.0 905.2
Other -210.1 -209.6 23.5 26.0
Profit before Tax 444.2 832.5 1,072.9 1,461.0
Tax -39.8 228.1 292.6 390.3
Net Income 484.0 604.4 780.3 1,110.7
Operating Income (Memo) 2,986.9 3,506.6 3,890.6 3,644.8
Net Gains (Losses) on Trading and Derivatives 30.1 62.3 37.4 35.2
Net Gains (Losses) on Other Securities 53.3 85.2 126.0 49.5
Net Gains (Losses) on Assets at FV through Income -1.9 -2.2 0.6 -10.2
Statement
Net Insurance Income 6.6 26.6 19.6 23.2
Net Fees and Commissions 685.6 746.5 763.4 864.5
Other Operating Income 117.8 126.3 113.2 123.5
Total Non-Interest Operating Income 891.5 1,044.7 1,060.2 1,085.7
Personnel Expenses 778.8 784.1 792.1 818.1
Other Operating Expenses 653.6 588.5 544.5 540.2
Total Non-Interest Expenses 1,432.4 1,372.6 1,336.6 1,358.3
Memo: Net Income after Allocation to Non- 479.7 590.1 766.1 1,052.1
controlling Interests
Memo: Common Dividends Relating to the Period 68.4 179.0 409.5 592.9
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 99,225.1 98,388.7 97,507.8 93,716.6
Less: Reserves for Impaired Loans/ NPLs 2,454.0 2,356.4 2,551.3 2,015.1
Net Loans 96,771.1 96,032.3 94,956.5 91,701.5
Gross Loans 99,225.1 98,388.7 97,507.8 93,716.6
Memo: Impaired Loans included above 7,066.8 5,826.4 5,334.3 2,853.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 3,440.4 2,755.9 2,347.4 2,920.6
Reverse Repos and Cash Collateral 530.4 3,298.9 4,994.5 1,984.7
Trading Securities and at FV through Income 543.7 514.9 937.0 427.4
Derivatives 2,262.0 2,219.6 2,303.6 1,899.4
Available for Sale Securities 10,405.7 11,175.6 11,030.1 3,440.4
Held to Maturity Securities 7,568.4 5,394.6 2,266.5 34.9
At-equity Investments in Associates 248.4 168.8 56.1 32.2
Other Securities 0.0 0.0 0.0 0.0
Total Securities 21,558.6 22,772.4 21,587.8 7,819.0
Memo: Government Securities included Above 9,662.7 9,029.9 5,867.9 1,442.4
Memo: Total Securities Pledged 5,382.5 3,197.5 8,269.7 2,805.8
Investments in Property 0.0 0.0 0.0 0.0
Insurance Assets 144.8 165.0 176.6 844.7
Other Earning Assets 0.0 0.0 0.0 0.0
Total Earning Assets 121,914.9 121,725.6 119,068.3 103,285.8
Non-earning Assets
Cash and Due From Banks 522.2 682.8 3,748.7 1,859.6
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 4,027.5 3,688.9 3,979.6 1,660.6
Fixed Assets 689.7 569.4 562.9 1,355.4
Goodwill 884.4 574.4 417.7 486.8
Other Intangibles 111.6 82.7 69.3 59.8
Current Tax Assets 171.1 84.5 34.5 319.5
Deferred Tax Assets 1,041.5 940.9 674.0 507.8
Discontinued Operations 0.0 0.0 0.0 0.0
Other Assets 1,562.8 1,790.6 735.1 840.8
Total Assets 130,925.7 130,139.8 129,290.1 110,376.1
Interest-bearing Liabilities
Customer Deposits - Current 13,457.4 14,326.9 14,628.2 14,447.3
Customer Deposits - Savings 5,829.7 5,817.1 6,090.1 4,806.3
Customer Deposits - Term 38,763.5 38,043.3 31,353.4 25,319.5
Total Customer Deposits 58,050.6 58,187.3 52,071.7 44,573.1
Deposits from Banks 6,237.8 4,397.4 6,880.5 6,884.7
Repos and Cash Collateral 11,009.9 21,980.9 18,458.3 10,427.2
Other Deposits and Short-term Borrowings 7,927.6 3,668.2 11,970.6 13,450.3
Total Deposits, Money Market and Short-term 83,225.9 88,233.8 89,381.1 75,335.3
Funding
Senior Debt Maturing after 1 Year 9,133.6 9,618.2 11,033.8 8,443.8
Subordinated Borrowing 1,247.2 696.5 602.1 328.8
Other Funding 22,162.3 16,031.9 13,376.5 12,358.4
Total Long Term Funding 32,543.1 26,346.6 25,012.4 21,131.0
Derivatives 2,518.3 1,910.6 1,793.0 2,109.4
Trading Liabilities 93.8 142.8 104.2 169.1
Total Funding 118,381.1 116,633.8 116,290.7 98,744.8
Non-interest Bearing Liabilities
Fair Value Portion of Debt 0.0 0.0 0.0 0.0
Credit impairment reserves 67.1 82.5 176.2 181.5
Reserves for Pensions and Other 214.5 259.6 300.6 293.0
Current Tax Liabilities 73.7 84.7 209.6 117.6
Deferred Tax Liabilities 205.9 359.3 182.9 68.1
Other Deferred Liabilities 0.0 0.0 0.0 0.0
Discontinued Operations 0.0 0.0 0.0 0.0
Insurance Liabilities 571.1 1,090.6 1,073.5 931.9
Other Liabilities 1,436.4 1,692.2 1,390.5 1,693.5
Total Liabilities 120,949.8 120,202.7 119,624.0 102,030.4
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 1,587.7 1,684.8 1,218.1 1,288.0
Debt
Pref. Shares and Hybrid Capital accounted for as 685.8 691.3 700.0 0.0
Equity
Equity
Common Equity 8,438.3 8,084.3 7,715.9 6,734.4
Non-controlling Interest 106.0 49.1 47.8 292.5
Securities Revaluation Reserves -912.4 -630.2 -47.1 9.5
Foreign Exchange Revaluation Reserves 36.6 30.4 17.3 24.3
Fixed Asset Revaluations and Other Accumulated 33.9 27.4 14.1 -3.0
OCI
Total Equity 7,702.4 7,561.0 7,748.0 7,057.7
Total Liabilities and Equity 130,925.7 130,139.8 129,290.1 110,376.1
Memo: Fitch Core Capital 6,621.1 6,788.3 7,175.3 6,425.8
Memo: Fitch Eligible Capital 8,326.7 8,572.0 8,484.4 7,069.8
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.40 4.05 5.16 6.81
Interest Expense on Customer Deposits/ Average 2.68 1.74 2.30 3.37
Customer Deposits%
Interest Income/ Average Earning Assets% 3.77 3.48 4.55 6.16
Interest Expense/ Average Interest-bearing 2.12 1.48 2.10 3.89
Liabilities%
Net Interest Income/ Average Earning Assets% 1.72 2.05 2.54 2.50
Net Int. Inc Less Loan Impairment Charges/ Av. 0.95 1.13 1.18 1.61
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.72 2.05 2.54 2.50
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 29.85 29.79 27.25 29.79
Non-Interest Expense/ Gross Revenues% 47.96 39.14 34.35 37.27
Non-Interest Expense/ Average Assets% 1.10 1.06 1.12 1.25
Pre-impairment Op. Profit/ Average Equity% 20.57 27.72 34.59 33.96
Pre-impairment Op. Profit/ Average Total Assets% 1.22 1.67 2.15 2.16
Loans and securities impairment charges/ Pre- 60.43 59.37 68.20 42.65
impairment Op. Profit%
Operating Profit/ Average Equity% 8.14 11.26 11.00 19.47
Operating Profit/ Average Total Assets% 0.48 0.68 0.68 1.24
Taxes/ Pre-tax Profit% -8.96 27.40 27.27 26.71
Pre-Impairment Operating Profit / Risk Weighted 1.80 2.29 2.78 2.54
Assets%
Operating Profit / Risk Weighted Assets% 0.71 0.93 0.88 1.46
Other Profitability Ratios
Net Income/ Average Total Equity% 6.24 7.80 10.50 16.12
Net Income/ Average Total Assets% 0.37 0.47 0.65 1.03
Fitch Comprehensive Income/ Average Total Equity 2.68 0.62 9.65 16.43
%
Fitch Comprehensive Income/ Average Total Assets 0.16 0.04 0.60 1.05
%
Net Income/ Av. Total Assets plus Av. Managed 0.37 0.47 0.65 1.02
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.55 0.64 0.84 1.21
Fitch Comprehensive Income/ Risk Weighted 0.24 0.05 0.77 1.23
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 7.49 7.23 7.75 6.97
Fitch Eligible Capital/ Weighted Risks% 9.42 9.13 9.16 7.67
Tangible Common Equity/ Tangible Assets% 5.14 5.32 5.63 5.93
Tier 1 Regulatory Capital Ratio% 10.00 9.63 9.13 8.26
Total Regulatory Capital Ratio% 10.15 9.66 9.60 9.10
Core Tier 1 Regulatory Capital Ratio% 9.76 9.15 n.a. n.a.
Equity/ Total Assets% 5.88 5.81 5.99 6.39
Cash Dividends Paid & Declared/ Net Income% 14.13 29.62 52.48 53.38
Cash Dividend Paid & Declared/ Fitch 32.88 375.26 57.13 52.38
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 5.40 5.63 4.79 7.34
Loan Quality
Growth of Total Assets% 0.60 0.00 17.14 2.99
Growth of Gross Loans% 1.77 0.00 -0.51 3.95
Impaired Loans(NPLs)/ Gross Loans% 7.60 6.37 5.84 3.11
Reserves for Impaired Loans/ Gross loans% 2.64 2.58 2.79 2.20
Reserves for Impaired Loans/ Impaired Loans% 34.73 40.44 47.83 70.63
Impaired Loans less Reserves for Imp Loans/ Equity 59.89 45.89 35.92 11.87
%
Loan Impairment Charges/ Average Gross Loans% 1.03 1.21 1.66 1.02
Net Charge-offs/ Average Gross Loans% 0.83 1.43 0.92 0.58
Impaired Loans + Foreclosed Assets/ Gross Loans + 11.43 10.01 9.77 4.83
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 160.23 157.08 175.39 205.94
Interbank Assets/ Interbank Liabilities% 55.15 62.67 34.12 42.42
Customer Deposits/ Total Funding excl Derivatives 50.10 50.72 45.48 46.13
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 0.0 1.9 3.9 106.8
Sheet
Other off-balance sheet exposure to securitizations 0.0 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer 293.9 332.3 318.3 49.2
breakdown)
Trading Assets - Debt Securities - Governments 33.9 14.3 n.a. n.a.
Trading Assets - Debt Securities - Banks 98.8 0.7 n.a. n.a.
Trading Assets - Debt Securities - Corporates 7.6 0.0 n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities 137.8 35.0 618.7 378.2
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income 431.7 367.3 937.0 427.4
Statement
AFS Assets - Debt Securities (where no issuer n.a. 4,922.4 4,788.6 1,922.5
breakdown)
AFS Assets - Government 6,358.2 5,881.3 5,821.3 1,389.0
AFS Assets - Banks 2,603.0 2,703.5 n.a. n.a.
AFS Assets - Corporates 899.6 2,218.8 n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities 544.9 371.9 420.1 128.9
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 10,405.7 11,175.6 11,030.1 3,440.4
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 10.00 9.63 9.13 8.26
Total Capital Ratio 10.15 9.66 9.60 9.10
Equity / Tot Assets 6.41 6.34 6.53 6.39
Equity / Net Loans 8.67 8.59 8.90 7.70
Equity / Cust & Short Term Funding 10.08 9.35 9.45 9.37
Equity / Liabilities 7.01 6.91 7.10 6.94
Cap Funds / Tot Assets 8.57 8.17 7.94 7.86
Cap Funds / Net Loans 11.60 11.07 10.81 9.46
Cap Funds / Dep & ST Funding 13.49 12.05 11.49 11.52
Cap Funds / Liabilities 9.38 8.90 8.63 8.53
Subord Debt / Cap Funds 11.11 6.55 5.86 3.79
Operations
Net Interest Margin 1.72 2.05 2.55 2.49
Net Int Rev / Avg Assets 1.61 1.90 2.36 2.35
Oth Op Inc / Avg Assets 0.71 0.82 0.90 1.05
Non Int Exp / Avg Assets 1.82 1.91 2.38 2.08
Pre-Tax Op Inc / Avg Assets 0.50 0.80 0.88 1.32
Non Op Items & Taxes / Avg Ast -0.13 -0.34 -0.23 -0.34
Return On Avg Assets (ROAA) 0.37 0.47 0.65 1.02
Return On Avg Equity (ROAE) 5.82 7.24 10.07 16.21
Dividend Pay-Out 14.13 29.62 52.48 53.38
Inc Net Of Dist / Avg Equity 5.00 5.10 4.78 7.56
Non Op Items / Net Income -43.41 -34.68 3.01 2.34
Cost To Income Ratio 47.32 38.98 34.22 36.73
Recurring Earning Power 1.22 1.66 2.14 2.15
Liquidity
Interbank Ratio 23.02 22.95 28.98 28.34
Net Loans / Tot Assets 73.91 73.79 73.45 83.08
Net Loans / Dep & ST Funding 116.28 108.84 106.24 121.72
Net Loans / Tot Dep & Bor 82.62 82.83 82.08 93.18
Liquid Assets / Dep & ST Funding 6.05 8.22 13.46 9.55
Liquid Assets / Tot Dep & Bor 4.30 6.26 10.40 7.31
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Type of share: Ordinary Shares
ISIN number: ES0113790531
SEDOL number: B0BV6K3
Ticker symbol: POP
Nominal value (EUR): 0.10
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 3.29 4.28 5.31 5.07 9.74 13.85 9.72 9.60
Market price - February 3.08 4.27 4.68 3.57 9.82 14.03 10.61 9.87
Market price - March 2.69 4.05 5.24 4.50 10.85 14.56 11.47 9.41
Market price - April 2.42 4.00 5.15 5.93 10.45 13.76 11.29 9.11
Market price - May 1.63 3.99 4.02 5.91 9.79 14.04 10.78 9.13
Market price - June 1.78 3.88 4.05 5.86 8.29 13.04 10.99 9.42
Market price - July 1.53 3.61 4.98 6.10 6.63 12.48 11.09 9.29
Market price - August 1.81 3.63 4.60 7.23 6.82 12.63 11.55 9.36
Market price - September 1.70 3.48 4.54 6.59 7.82 11.37 12.20 9.56
Market price - October 1.20 3.33 4.54 5.85 6.67 11.37 12.81 9.56
Market price - November n.a. 3.17 3.84 5.43 5.89 11.41 12.52 9.67
Market price - December n.a. 3.52 3.75 4.94 5.73 11.04 12.95 9.72
BETA
Reference index 1: IBEX 35
Ref. index 1 - Beta - 3 months 1.04
Ref. index 1 - Beta - 1 month 1.08
Ref. index 1 - Beta - 1 year 1.10
Ref. index 1 - Correlation coefficient - 3 months 0.64
Ref. index 1 - Correlation coefficient - 1 month 0.55
Ref. index 1 - Correlation coefficient - 1 year 0.73
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
50 03/02/2010 Morton Holdings sells more shares in Banco Popular (deal no.
1601156995)
Source : Zephyr
3. Mr. Roberto Higuera Montejo - Vice Chairman of the Board BoD VI
P002179640 (since 30/05/2008)
- Member, Executive Committee OthBC VI
4. Allianz SE, (Represented by Jan - Director (since 15/12/2008) BoD VI
R. CARENDI)
CVA1661824
5. Mr. Francisco Maria Aparicio Valls - Director (since 18/12/2003) BoD VI
- Secretary of the Board BoD VI
P016083489 - Member, Executive Committee; OthBC VI
Member, Risk Committee
6. Asociación de Directivos BPE - Director (since 27/11/1980) BoD VI
(Represented by Francisco
APARICIO)
CVA1661881
7. Mr. Américo Ferreira Amorim - Director (since 27/05/2003) BoD VI
P002190607
8. Mr. Alain Fradin - Non-Independent Director BoD VI
P039811522 (since 20/12/2011)
9. Mr. Eric Gancedo Holmer - Director (since 20/06/2002) BoD VI
P002179637 - Member, Audit and Control AudC, OthBC VI
Committee
- Member, Compensation RemC VI
Committee
- Member, Appointments NomC VI
Committee
- Member, Corporate Governance CoGoC VI
Committee
- Chairman, Risk Committee OthBC VI
(Comision Delegada de Riesgos);
Member, Conflict of Interest
Committee; Member, Executive
Committee
P016083489
5. Mr. Jaime Jacobo González- - Director of Corporate Finance FinAcc VI
Robatto Fernandez
P010983199
6. Mr. Eutimio Morales López - Comptroller FinAcc VI
P042192710
7. Mr. Fernando Rodríguez Baquero - Director of Technical Resources Oper VI
P103955458
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
70 70
22 93
ular.es
Banco de
ol SA absorbed
ope)
Watch
9.60
9.87
9.41
9.11
9.13
9.42
9.29
9.36
9.56
9.56
9.67
9.72
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
08/2012 - - -
08/2012 - n.a. n.a.
08/2012 - - -
Contact details
Bank History :
Established on December 31, 1881. On June 8, 2001, Banco de Sabadell SA absorbed Solbank SBD SA. In September
2002, absorbed Banco Herrero SA. In April 2003, absorbed Banco de Asturias SA. In December 2004, absorbed Banco
Atlantico SA. In December 2006, Banco de Sabadell SA absorbed Banco Urquijo SA. On June 7, 2012, Banco de Sabadell
SA absorbed Banco Guipuzcoano SA and Banco Urquijo Sabadell Banca Privada SA.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 72,654.0 73,980.8 63,232.9 63,006.2
Gross Loans 74,922.0 76,190.7 65,012.8 64,704.2
Less: Reserves for Impaired Loans/ NPLs 2,268.0 2,209.9 1,779.9 1,698.0
Other Earning Assets 19,932.6 16,525.4 13,356.3 11,101.1
Loans and Advances to Banks 3,628.9 2,744.6 2,545.0 2,623.5
Derivatives 1,855.4 1,633.8 1,788.5 1,787.3
Other Securities 14,285.6 11,963.9 8,813.3 6,462.3
Remaining earning assets 162.7 183.1 209.5 228.0
Total Earning Assets 92,586.6 90,506.2 76,589.2 74,107.3
Fixed Assets 877.9 900.5 962.7 999.9
Non-Earning Assets 6,972.9 5,692.5 5,271.0 5,270.9
Total Assets 100,437.4 97,099.2 82,822.9 80,378.1
Notes
Impaired Loans (Memo) 4,759.3 3,944.4 2,712.4 1,626.9
Loan Loss Reserves (Memo) 2,357.6 2,301.6 1,861.1 1,817.2
Liquid Assets (Memo) 5,337.4 4,327.2 4,567.2 5,153.3
Intangibles (Memo) 1,119.4 840.5 796.6 775.6
Off Balance Sheet Items 20,135.9 24,653.3 24,781.1 26,784.7
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 1,546.1 1,475.4 1,615.2 1,460.0
Other Operating Income 930.7 812.1 733.0 827.0
Net Gains (Losses) on Trading and Derivatives 145.2 81.0 48.9 35.9
Net Gains (Losses) on Assets at FV through Income 0.0 -0.2 0.0 0.0
Statement
Net Fees and Commissions 573.6 516.5 511.2 557.7
Remaining Operating Income 211.9 214.8 172.9 233.4
Overheads 1,333.1 1,240.0 1,232.3 1,172.3
Loan Loss Provisions 512.6 395.9 225.5 570.9
Other -443.6 -187.3 -319.1 -284.0
Profit before Tax 187.5 464.3 571.3 259.8
Tax -48.4 81.4 45.0 12.3
Net Income 235.9 382.9 526.3 675.9
Operating Income (Memo) 2,435.6 2,214.0 2,261.6 2,198.2
Net Gains (Losses) on Trading and Derivatives 145.2 81.0 48.9 35.9
Net Gains (Losses) on Other Securities 39.0 34.2 -10.2 32.0
Net Gains (Losses) on Assets at FV through Income 0.0 -0.2 0.0 0.0
Statement
Net Insurance Income 0.7 0.0 0.1 0.1
Net Fees and Commissions 573.6 516.5 511.2 557.7
Other Operating Income 131.0 107.1 96.4 112.5
Total Non-Interest Operating Income 889.5 738.6 646.4 738.2
Personnel Expenses 742.6 679.7 715.3 651.1
Other Operating Expenses 590.5 560.3 517.0 521.2
Total Non-Interest Expenses 1,333.1 1,240.0 1,232.3 1,172.3
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 74,922.0 76,190.7 65,012.8 64,704.2
Less: Reserves for Impaired Loans/ NPLs 2,268.0 2,209.9 1,779.9 1,698.0
Net Loans 72,654.0 73,980.8 63,232.9 63,006.2
Gross Loans 74,922.0 76,190.7 65,012.8 64,704.2
Memo: Impaired Loans included above 4,759.3 3,944.4 2,712.4 1,626.9
Memo: Loans at Fair Value included above 0.0 0.0 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 2,895.8 1,672.3 1,523.1 1,942.3
Reverse Repos and Cash Collateral 733.1 1,072.3 1,021.9 681.2
Trading Securities and at FV through Income 417.8 329.0 202.0 172.2
Derivatives 1,855.4 1,633.8 1,788.5 1,787.3
Available for Sale Securities 13,268.2 10,830.6 8,031.8 5,759.2
Held to Maturity Securities 0.0 0.0 0.0 0.0
At-equity Investments in Associates 599.6 804.3 579.5 530.9
Other Securities 0.0 0.0 0.0 0.0
Total Securities 16,874.1 14,670.0 11,623.7 8,930.8
Memo: Government Securities included Above 7,939.6 6,421.1 2,668.2 2,506.0
Memo: Total Securities Pledged 5,869.5 6,327.0 4,291.6 3,382.4
Investments in Property 0.0 0.0 0.0 0.0
Insurance Assets 162.7 183.1 209.5 228.0
Other Earning Assets 0.0 0.0 0.0 0.0
Total Earning Assets 92,586.6 90,506.2 76,589.2 74,107.3
Non-earning Assets
Cash and Due From Banks 1,290.7 1,253.6 1,820.2 2,357.6
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 2,892.8 2,014.9 1,544.5 878.6
Fixed Assets 877.9 900.5 962.7 999.9
Goodwill 921.1 757.8 617.5 585.0
Other Intangibles 198.3 82.7 179.1 190.6
Current Tax Assets 411.1 291.6 303.9 235.5
Deferred Tax Assets 997.3 923.1 680.6 879.1
Discontinued Operations 0.0 0.0 0.0 0.0
Other Assets 261.6 368.8 125.2 144.5
Total Assets 100,437.4 97,099.2 82,822.9 80,378.1
Interest-bearing Liabilities
Customer Deposits - Current 15,365.4 15,439.7 14,981.4 13,077.8
Customer Deposits - Savings 3,374.6 2,844.8 n.a. 1,806.0
Customer Deposits - Term 32,906.8 30,058.8 22,325.5 21,458.2
Total Customer Deposits 51,646.8 48,343.3 37,306.9 36,342.0
Deposits from Banks 1,718.7 2,056.6 2,784.4 1,667.1
Repos and Cash Collateral 7,347.2 9,601.9 5,434.7 4,164.6
Other Deposits and Short-term Borrowings 2,279.5 2,027.9 6,002.2 7,604.3
Total Deposits, Money Market and Short-term 62,992.2 62,029.7 51,528.2 49,778.0
Funding
Senior Debt Maturing after 1 Year 7,376.9 8,206.9 6,731.3 7,023.1
Subordinated Borrowing 960.2 1,382.4 941.5 1,343.7
Other Funding 17,887.6 14,697.5 13,260.9 13,144.5
Total Long Term Funding 26,224.7 24,286.8 20,933.7 21,511.3
Derivatives 2,011.4 1,716.5 1,679.9 1,690.0
Trading Liabilities 0.0 0.0 0.0 2.6
Total Funding 91,228.3 88,033.0 74,141.8 72,981.9
Non-interest Bearing Liabilities
Fair Value Portion of Debt 0.0 0.0 0.0 0.0
Credit impairment reserves 89.6 91.7 81.2 119.2
Reserves for Pensions and Other 260.6 276.0 232.1 247.7
Current Tax Liabilities 71.5 87.3 75.4 40.8
Deferred Tax Liabilities 130.7 97.5 102.8 127.5
Other Deferred Liabilities 0.0 0.0 0.0 0.0
Discontinued Operations 0.0 0.0 0.0 0.0
Insurance Liabilities 173.3 177.5 182.2 161.8
Other Liabilities 1,650.1 1,643.5 1,611.8 1,501.1
Total Liabilities 93,604.1 90,406.5 76,427.3 75,180.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 899.2 1,004.2 1,098.2 750.0
Debt
Pref. Shares and Hybrid Capital accounted for as 814.6 818.7 500.0 0.0
Equity
Equity
Common Equity 5,461.5 5,159.7 4,726.3 4,627.2
Non-controlling Interest 47.2 33.9 27.4 14.1
Securities Revaluation Reserves -277.6 -327.5 56.7 -160.4
Foreign Exchange Revaluation Reserves 2.8 1.7 -2.1 0.2
Fixed Asset Revaluations and Other Accumulated -114.4 2.0 -10.9 -33.0
OCI
Total Equity 5,119.5 4,869.8 4,797.4 4,448.1
Total Liabilities and Equity 100,437.4 97,099.2 82,822.9 80,378.1
Memo: Fitch Core Capital 3,827.8 3,874.1 3,866.5 3,564.5
Memo: Fitch Eligible Capital 5,092.0 5,194.9 4,915.6 3,939.5
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.98 3.44 4.44 5.99
Interest Expense on Customer Deposits/ Average 2.17 1.77 2.20 3.51
Customer Deposits%
Interest Income/ Average Earning Assets% 3.80 3.27 4.20 5.96
Interest Expense/ Average Interest-bearing 2.12 1.51 2.13 4.19
Liabilities%
Net Interest Income/ Average Earning Assets% 1.73 1.82 2.13 1.97
Net Int. Inc Less Loan Impairment Charges/ Av. 1.15 1.33 1.84 1.20
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.73 1.82 2.13 1.97
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 36.52 33.36 28.58 33.58
Non-Interest Expense/ Gross Revenues% 54.73 56.01 54.49 53.33
Non-Interest Expense/ Average Assets% 1.38 1.42 1.51 1.47
Pre-impairment Op. Profit/ Average Equity% 22.47 21.09 24.00 24.52
Pre-impairment Op. Profit/ Average Total Assets% 1.18 1.20 1.37 1.40
Loans and securities impairment charges/ Pre- 55.48 48.29 57.76 66.10
impairment Op. Profit%
Operating Profit/ Average Equity% 10.01 10.90 10.14 8.31
Operating Profit/ Average Total Assets% 0.53 0.62 0.58 0.48
Taxes/ Pre-tax Profit% -25.81 17.53 7.88 4.73
Pre-Impairment Operating Profit / Risk Weighted 2.10 1.87 1.94 1.97
Assets%
Operating Profit / Risk Weighted Assets% 0.94 0.96 0.82 0.67
Other Profitability Ratios
Net Income/ Average Total Equity% 4.64 7.71 11.32 14.87
Net Income/ Average Total Assets% 0.24 0.44 0.65 0.85
Fitch Comprehensive Income/ Average Total Equity 3.87 0.15 15.96 10.02
%
Fitch Comprehensive Income/ Average Total Assets 0.20 0.01 0.91 0.57
%
Net Income/ Av. Total Assets plus Av. Managed 0.24 0.44 0.64 0.85
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.43 0.68 0.91 1.20
Fitch Comprehensive Income/ Risk Weighted 0.36 0.01 1.29 0.81
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 7.03 6.90 6.71 6.31
Fitch Eligible Capital/ Weighted Risks% 9.35 9.25 8.53 6.97
Tangible Common Equity/ Tangible Assets% 4.03 4.19 4.88 4.61
Tier 1 Regulatory Capital Ratio% 10.17 9.49 9.04 7.04
Total Regulatory Capital Ratio% 11.02 11.18 10.67 9.57
Core Tier 1 Regulatory Capital Ratio% 9.22 8.42 7.54 6.06
Equity/ Total Assets% 5.10 5.02 5.79 5.53
Cash Dividends Paid & Declared/ Net Income% 29.46 29.69 31.92 49.99
Cash Dividend Paid & Declared/ Fitch 35.32 n.s. 22.64 74.17
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% 29.46 29.69 31.92 49.99
Net Income - Cash Dividends/ Total Equity% 3.25 5.53 7.47 7.60
Loan Quality
Growth of Total Assets% 3.44 17.24 3.04 4.69
Growth of Gross Loans% 0.79 12.37 0.48 2.44
Impaired Loans(NPLs)/ Gross Loans% 6.46 5.40 4.17 2.51
Reserves for Impaired Loans/ Gross loans% 3.08 3.02 2.74 2.62
Reserves for Impaired Loans/ Impaired Loans% 47.65 56.03 65.62 104.37
Impaired Loans less Reserves for Imp Loans/ Equity 48.66 35.62 19.44 -1.60
%
Loan Impairment Charges/ Average Gross Loans% 0.72 0.60 0.35 0.88
Net Charge-offs/ Average Gross Loans% 1.08 0.91 0.20 0.10
Impaired Loans + Foreclosed Assets/ Gross Loans + 10.00 7.94 6.40 3.82
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 142.57 151.12 174.26 178.04
Interbank Assets/ Interbank Liabilities% 168.49 81.31 54.70 116.51
Customer Deposits/ Total Funding excl Derivatives 57.89 56.01 51.48 50.98
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 131.0 209.9 102.9 223.5
Sheet
Other off-balance sheet exposure to securitizations 0.0 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 1,959.5
Total Trading Assets at FV through the Income n.a. n.a. n.a. 1,959.5
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. 5,759.2
Total AFS Assets 13,268.2 10,830.6 8,031.8 5,759.2
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 10.17 9.49 9.04 7.04
Total Capital Ratio 11.02 11.18 10.67 9.57
Equity / Tot Assets 5.91 5.86 6.40 5.53
Equity / Net Loans 8.17 7.69 8.38 7.06
Equity / Cust & Short Term Funding 9.42 9.17 10.28 8.94
Equity / Liabilities 6.41 6.39 7.02 6.02
Cap Funds / Tot Assets 7.76 8.32 8.86 8.14
Cap Funds / Net Loans 10.73 10.92 11.60 10.38
Cap Funds / Dep & ST Funding 12.37 13.02 14.24 13.14
Cap Funds / Liabilities 8.41 9.07 9.72 8.86
Subord Debt / Cap Funds 12.32 17.12 12.83 20.54
Operations
Net Interest Margin 1.69 1.77 2.14 2.00
Net Int Rev / Avg Assets 1.57 1.64 1.98 1.86
Oth Op Inc / Avg Assets 0.94 0.90 0.90 1.05
Non Int Exp / Avg Assets 1.87 1.82 1.79 2.22
Pre-Tax Op Inc / Avg Assets 0.64 0.72 1.09 0.69
Non Op Items & Taxes / Avg Ast -0.40 -0.30 -0.45 -0.38
Return On Avg Assets (ROAA) 0.24 0.43 0.65 0.86
Return On Avg Equity (ROAE) 4.06 6.97 10.80 14.93
Dividend Pay-Out 29.46 29.69 31.92 49.99
Inc Net Of Dist / Avg Equity 2.86 4.90 7.35 7.47
Non Op Items / Net Income -188.05 -48.92 -60.63 -42.02
Cost To Income Ratio 53.82 54.21 52.48 51.26
Recurring Earning Power 1.16 1.16 1.37 1.42
Liquidity
Interbank Ratio 40.03 23.54 30.96 44.99
Net Loans / Tot Assets 72.34 76.19 76.35 78.39
Net Loans / Dep & ST Funding 115.34 119.27 122.72 126.57
Net Loans / Tot Dep & Bor 80.49 85.38 86.38 87.95
Liquid Assets / Dep & ST Funding 8.47 6.98 8.86 10.35
Liquid Assets / Tot Dep & Bor 5.91 4.99 6.24 7.19
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 2.82 3.49 3.86 3.92 6.29 8.83 5.77 4.90
Market price - February 2.43 3.15 3.55 3.28 6.10 8.88 6.33 4.81
Market price - March 2.04 3.09 4.09 3.78 6.95 8.92 6.78 4.83
Market price - April 1.78 2.99 3.82 4.38 6.40 8.34 7.25 4.84
Market price - May 1.32 2.98 3.47 4.52 6.50 8.59 6.80 5.33
Market price - June 1.53 2.85 3.72 4.45 5.37 8.15 6.84 5.34
Market price - July 1.55 2.61 4.36 4.68 5.24 7.95 6.94 5.27
Market price - August 2.30 2.75 3.82 5.26 5.32 7.14 7.13 5.28
Market price - September 2.09 2.69 3.67 5.06 5.45 6.75 7.09 5.32
Market price - October 1.88 2.61 3.50 4.60 5.32 7.00 7.74 5.51
Market price - November n.a. 2.49 2.99 4.24 5.20 7.95 7.51 5.44
Market price - December n.a. 2.93 2.95 3.88 4.85 7.41 8.48 5.54
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 02/08/2012 Banco de Sabadell absorbs Banco CAM (deal no. 1601394114)
2 20/07/2012 Banco Sabadell completes bond conversion (deal no.
1601090829)
3 06/07/2012 Banco Sabadell to sell Dexia Sabadell stake to Dexia Credit (deal
no. 1601385140)
4 25/06/2012 Solvia Development absorbs Solvia Properties (deal no.
1601389653)
5 07/06/2012 Banco de Sabadell completes sale of stake in Banco del Bajío to
Temasek Holdings and Banco del Bajío shareholders (deal no.
1601357286)
38 29/10/2009 Strategic Hotels & Resorts sells Four Seasons Mexico City (deal
no. 1601120264)
39 16/09/2009 Banco Sabadell sells a stake in Antena 3 (deal no. 1601114261)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
92 89
06 06
dell.com
n September
orbed Banco
nco de Sabadell
pe)
Watch
4.90
4.81
4.83
4.84
5.33
5.34
5.27
5.28
5.32
5.51
5.44
5.54
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
Bank History :
In July 2010, Catalunya Caixa was created by the merger of Caja de Ahorros de Cataluña, Caixa d'Estalvis de Tarragona
and Caixa d'Estalvis de Manresa. On October 7, 2011 Catalunya Banc SA acquired banking business of Caixa d'Estalvis
de Catalunya, Tarragona i Manresa.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname CACTM
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 6/1/2012
Types of accounts Cons. & Uncons. Model ALLBANKS
available
BvD indep. indicator U
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 48,411.7 51,704.3
Gross Loans 51,587.1 51,704.3
Less: Reserves for Impaired Loans/ NPLs 3,175.4 n.a.
Other Earning Assets 20,337.3 17,236.8
Loans and Advances to Banks 1,886.7 1,689.9
Derivatives 1,925.5 1,617.3
Other Securities 14,953.3 12,513.5
Remaining earning assets 1,571.8 1,416.1
Total Earning Assets 68,749.0 68,941.1
Fixed Assets 894.0 1,233.7
Non-Earning Assets 7,406.0 6,410.0
Total Assets 77,049.0 76,584.8
Notes
Impaired Loans (Memo) 3,793.6 3,777.4
Loan Loss Reserves (Memo) 3,175.4 n.a.
Liquid Assets (Memo) 2,516.9 2,338.2
Intangibles (Memo) 14.9 10.2
Off Balance Sheet Items 12,708.2 13,376.2
INCOME STATEMENT
Unqualified Unqualified
Original Original
31/12/2011 31/12/201
12 months 6 months0
mil EUR mil EUR
Net Interest Revenue 594.7 325.5
Other Operating Income 563.8 217.6
Net Gains (Losses) on Trading and Derivatives 9.7 -0.4
Net Gains (Losses) on Assets at FV through Income -0.1 13.6
Statement
Net Fees and Commissions 372.4 170.0
Remaining Operating Income 181.8 34.4
Overheads 857.6 481.1
Loan Loss Provisions 1,253.0 3.3
Other -1,049.6 -46.8
Profit before Tax -2,001.7 11.9
Tax -665.4 -5.9
Net Income -1,336.3 17.8
Operating Income (Memo) 1,155.2 544.2
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a.
Other Mortgage Loans n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a.
Corporate & Commercial Loans n.a. n.a.
Other Loans 51,587.1 51,704.3
Less: Reserves for Impaired Loans/ NPLs 3,175.4 n.a.
Net Loans 48,411.7 51,704.3
Gross Loans 51,587.1 51,704.3
Memo: Impaired Loans included above 3,793.6 3,777.4
Memo: Loans at Fair Value included above n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 1,886.7 1,689.9
Reverse Repos and Cash Collateral n.a. n.a.
Trading Securities and at FV through Income 47.7 223.4
Derivatives 1,925.5 1,617.3
Available for Sale Securities 6,068.7 5,403.8
Held to Maturity Securities 3,246.9 1,135.1
At-equity Investments in Associates 450.4 579.3
Other Securities 5,139.6 5,171.9
Total Securities 16,878.8 14,130.8
Memo: Government Securities included Above 6,350.1 2,773.2
Memo: Total Securities Pledged n.a. n.a.
Investments in Property 1,571.8 1,416.1
Insurance Assets n.a. n.a.
Other Earning Assets n.a. n.a.
Total Earning Assets 68,749.0 68,941.1
Non-earning Assets
Cash and Due From Banks 582.5 424.9
Memo: Mandatory Reserves included above n.a. n.a.
Foreclosed Real Estate n.a. n.a.
Fixed Assets 894.0 1,233.7
Goodwill n.a. n.a.
Other Intangibles 14.9 10.2
Current Tax Assets 339.9 608.4
Deferred Tax Assets 1,968.2 922.7
Discontinued Operations n.a. n.a.
Other Assets 4,500.5 4,443.8
Total Assets 77,049.0 76,584.8
Interest-bearing Liabilities
Customer Deposits - Current 9,007.6 9,464.6
Customer Deposits - Savings 853.1 773.4
Customer Deposits - Term 33,426.4 32,120.3
Total Customer Deposits 43,287.1 42,358.3
Deposits from Banks 10,005.2 8,205.8
Repos and Cash Collateral n.a. n.a.
Other Deposits and Short-term Borrowings n.a. n.a.
Total Deposits, Money Market and Short-term Funding 53,292.3 50,564.1
Senior Debt Maturing after 1 Year n.a. n.a.
Subordinated Borrowing 3,240.0 3,277.7
Other Funding 515.3 503.9
Total Long Term Funding 3,755.3 3,781.6
Derivatives 2,125.5 1,773.9
Trading Liabilities 14,612.8 17,013.4
Total Funding 73,785.9 73,133.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a.
Credit impairment reserves n.a. n.a.
Reserves for Pensions and Other 271.0 706.9
Current Tax Liabilities 1.8 15.7
Deferred Tax Liabilities 565.7 467.9
Other Deferred Liabilities n.a. n.a.
Discontinued Operations n.a. n.a.
Insurance Liabilities n.a. n.a.
Other Liabilities 166.0 154.9
Total Liabilities 74,790.4 74,478.4
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt n.a. n.a.
Pref. Shares and Hybrid Capital accounted for as Equity n.a. n.a.
Equity
Common Equity 2,317.6 2,106.0
Non-controlling Interest 7.3 8.9
Securities Revaluation Reserves -38.6 -8.5
Foreign Exchange Revaluation Reserves -27.7 n.a.
Fixed Asset Revaluations and Other Accumulated OCI n.a. n.a.
Total Equity 2,258.6 2,106.4
Total Liabilities and Equity 77,049.0 76,584.8
Memo: Fitch Core Capital 275.5 n.a.
Memo: Fitch Eligible Capital 275.5 n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.26 n.a.
Interest Expense on Customer Deposits/ Average 2.41 n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.51 n.a.
Interest Expense/ Average Interest-bearing Liabilities% 2.48 n.a.
Net Interest Income/ Average Earning Assets% 0.86 n.a.
Net Int. Inc Less Loan Impairment Charges/ Av. Earning -0.96 n.a.
Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average 0.86 n.a.
Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 48.52 40.19
Non-Interest Expense/ Gross Revenues% 74.24 88.40
Non-Interest Expense/ Average Assets% 1.12 n.a.
Pre-impairment Op. Profit/ Average Equity% 13.79 n.a.
Pre-impairment Op. Profit/ Average Total Assets% 0.39 n.a.
Loans and securities impairment charges/ Pre-impairment 420.01 11.29
Op. Profit%
Operating Profit/ Average Equity% -44.12 n.a.
Operating Profit/ Average Total Assets% -1.25 n.a.
Taxes/ Pre-tax Profit% 33.24 -49.58
Pre-Impairment Operating Profit / Risk Weighted Assets% n.a. 0.25
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet n.a. n.a.
Other off-balance sheet exposure to securitizations n.a. n.a.
Guarantees 2,212.4 2,359.9
Acceptances and documentary credits reported off- 79.6 61.4
balance sheet
Committed Credit Lines n.a. n.a.
Other Contingent Liabilities 10,416.2 10,954.9
Total Business Volume 89,757.2 89,961.0
Memo: Total Weighted Risks n.a. 48,595.2
Fitch Adjustments to Weighted Risks. n.a. n.a.
Fitch Adjusted Weighted Risks n.a. 48,595.2
Average Balance Sheet
Average Loans 51,645.7 n.a.
Average Earning Assets 68,845.1 n.a.
Average Assets 76,816.9 n.a.
Average Managed Assets Securitized Assets (OBS) n.a. n.a.
Average Interest-Bearing Liabilities 73,459.5 n.a.
Average Common equity 2,211.8 n.a.
Average Equity 2,182.5 n.a.
Average Customer Deposits 42,822.7 n.a.
Maturities
Loans & Advances < 3 months n.a. 3,329.1
Loans & Advances 3 - 12 Months n.a. 2,988.1
Loans and Advances 1 - 5 Years n.a. 6,471.7
Loans & Advances > 5 years n.a. 38,915.4
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a.
Trading Assets - Equities n.a. n.a.
Trading Assets - Commodities n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Governments
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Banks
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Corporates
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Structured
Equity Securities designated at FV through the Income n.a. n.a.
Statement
Loans at FV through the Income Statement n.a. n.a.
Trading Assets - Other n.a. n.a.
Total Trading Assets at FV through the Income Statement n.a. n.a.
Ratios
Capital
Tier 1 Ratio 9.31 7.44
Total Capital Ratio 12.08 10.70
Equity / Tot Assets 2.93 2.75
Equity / Net Loans 4.67 4.07
Equity / Cust & Short Term Funding 4.24 4.17
Equity / Liabilities 3.16 2.96
Cap Funds / Tot Assets 7.14 7.03
Cap Funds / Net Loans 11.36 10.41
Cap Funds / Dep & ST Funding 10.32 10.65
Cap Funds / Liabilities 7.69 7.56
Subord Debt / Cap Funds 58.92 60.88
Operations
Net Interest Margin 0.86 0.94
Net Int Rev / Avg Assets 0.77 0.85
Oth Op Inc / Avg Assets 0.73 0.57
Non Int Exp / Avg Assets 2.75 1.27
Pre-Tax Op Inc / Avg Assets -1.24 0.15
Non Op Items & Taxes / Avg Ast -0.50 -0.11
Return On Avg Assets (ROAA) -1.74 0.05
Return On Avg Equity (ROAE) -61.23 1.69
Dividend Pay-Out n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a.
Non Op Items / Net Income 78.55 -262.92
Cost To Income Ratio 74.03 88.58
Recurring Earning Power 0.39 0.16
Liquidity
Interbank Ratio 18.86 20.59
Net Loans / Tot Assets 62.83 67.51
Net Loans / Dep & ST Funding 90.84 102.26
Net Loans / Tot Dep & Bor 68.62 74.02
Liquid Assets / Dep & ST Funding 4.72 4.62
Liquid Assets / Tot Dep & Bor 3.57 3.35
Date News
1 17/01/2012 HG Capital acquires a minority stake in Hidrodata (deal no.
1601334189)
2 16/01/2012 Catalunya Caixa may sell its stake in Inmobiliaria Colonial (deal
no. 1601333770)
3 16/01/2012 Catalunya Caixa may sell its stake in Abertis Infraestructuras
(deal no. 1601333777)
4 16/01/2012 Catalunya Caixa may sell its stake in Applus+ Servicios
Tecnológicos (deal no. 1601333786)
5 16/01/2012 Catalunya Caixa sells its stake in Cedinsa Concesionaria (deal no.
1601333719)
6 16/01/2012 Catalunya Caixa may sell its stake in Túnel del Cadí to the
Generalitat de Catalunya (deal no. 1601333734)
7 16/01/2012 Catalunya Caixa may sell its stake in Gas Natural Fenosa (deal
no. 1601333758)
8 11/10/2011 Catalunya Caixa auction suspended (deal no. 1601307384)
9 28/07/2011 CatalunyaCaixa shareholders approve transfer of assets to
Catalunya Banc (deal no. 1601278477)
10 24/03/2011 Catalunya Caixa withdraws IPO (deal no. 1601251614)
11 24/03/2011 Six interested in CatalunyaCaixa (deal no. 1601259475)
12 01/03/2011 CatalunyaCaixa to consider alternatives after requesting funds
from FROB (deal no. 1601257890)
13 01/03/2011 Bank of Spain approves CatalunyaCaixa's plan to recapitalise
(deal no. 1601251620)
14 19/01/2011 CatalunyaCaixa sells stake in Repsol (deal no. 1601253181)
Source : Zephyr
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
0
1
acaixa.com
s de Tarragona
ixa d'Estalvis
nager for more
Watch
Bank information
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
ð n.a. n.a.
- n.a. n.a.
ð n.a. n.a.
ð 37.0 127.0
- 6.0 70.0
ð 27.0 303.0
ð 3.0 1.0
- 1.0 1.0
ð n.a. n.a.
ð 3.0 1.0
- 19.0 n.a.
ð <0,5 2.0
ð 4.0 n.a.
ò 1,567.0 7,293.0
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ö n.a. n.a.
ð 18.0 398.0
ð 30.0 53.0
ð 80,873.0 46,575.0
ø 27,611.0 16,724.0
ø 19.0 64.0
ö 1,117.0 1,389.0
ð <0,5 11.0
ø 117.0 1,262.0
ð 298.0 476.0
ð n.a. n.a.
ø 3.0 23.0
ð 3,619.0 3,307.0
ð 1,018.0 50.0
ð 32.0 270.0
ð 4.0 11.0
ð n.a. n.a.
ð n.a. n.a.
- 1.0 5.0
ð 1.0 14.0
ð <0,5 n.a.
ð n.a. n.a.
ø 10.0 21.0
Caixa de Aforros de Vigo, Ourense e Pontevedra-Caixanova
Contact details
On August 1, 1999, Caja de Ahorros Municipal de Vigo - Caixavigo absorbed Caixa Orense and changed its name to Caja
de Ahorros de Vigo e Ourense - Caixa Vigo e Ourense. In 2000, absorbed Caja de Ahorros Provincial de Pontevedra and
changed its name to Caixa de Aforros de Vigo, Ourense e Pontevedra - Caixanova. In November 2010, Caixa de Aforros
de Vigo, Ourense e Pontevedra merged with Caja de Ahorros de Galicia - Caixa Galicia to form Caixa de Aforros de Galicia
Vigo Ourense e Pontevedra. But Caixa de Aforros de Vigo, Ourense e Pontevedra will be used until 2011 as a commercial
name.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 20,494.8 20,545.5 20,712.3 19,269.1
Gross Loans 20,494.8 21,206.0 21,210.1 19,689.5
Less: Reserves for Impaired Loans/ NPLs n.a. 660.5 497.8 420.4
Other Earning Assets 8,897.2 8,011.8 7,174.2 6,571.4
Loans and Advances to Banks 840.9 1,652.8 1,460.7 873.0
Derivatives 315.5 249.4 149.8 82.9
Other Securities 6,762.9 6,076.6 5,543.4 5,588.8
Remaining earning assets 977.9 33.0 20.3 26.7
Total Earning Assets 29,392.0 28,557.3 27,886.5 25,840.5
Fixed Assets 949.1 1,432.6 1,365.3 791.3
Non-Earning Assets 1,240.5 1,747.6 1,240.9 876.6
Total Assets 31,581.6 31,737.5 30,492.7 27,508.4
Notes
Impaired Loans (Memo) n.a. 1,050.6 658.2 140.9
Loan Loss Reserves (Memo) n.a. 678.6 511.0 420.4
Liquid Assets (Memo) 1,233.3 1,835.5 1,894.5 1,278.4
Intangibles (Memo) 42.4 118.9 124.1 78.7
Off Balance Sheet Items n.a. 4,851.4 5,559.3 6,024.8
INCOME STATEMENT
Unqualified Audited Unqualified Unqualified
Partial Original Original Original
31/12/2010 31/12/2009 31/12/2008 31/12/2007
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue n.a. 524.1 438.2 420.9
Other Operating Income n.a. 225.4 216.1 193.3
Net Gains (Losses) on Trading and Derivatives n.a. 29.5 23.2 12.1
Net Gains (Losses) on Assets at FV through Income n.a. 0.0 -0.6 -1.2
Statement
Net Fees and Commissions n.a. 124.5 121.3 101.4
Remaining Operating Income n.a. 71.4 72.2 81.0
Overheads n.a. 465.1 437.0 392.7
Loan Loss Provisions n.a. 379.9 211.7 110.5
Other n.a. 257.0 185.0 119.0
Profit before Tax n.a. 161.5 190.6 230.0
Tax n.a. 17.4 4.1 37.1
Net Income n.a. 144.1 186.5 192.9
Operating Income (Memo) n.a. 721.9 650.9 591.8
Net Gains (Losses) on Trading and Derivatives n.a. 29.5 23.2 12.1
Net Gains (Losses) on Other Securities n.a. 7.1 35.8 40.7
Net Gains (Losses) on Assets at FV through Income n.a. 0.0 -0.6 -1.2
Statement
Net Insurance Income n.a. 0.0 0.0 0.0
Net Fees and Commissions n.a. 124.5 121.3 101.4
Other Operating Income n.a. 36.7 33.0 17.9
Total Non-Interest Operating Income n.a. 197.8 212.7 170.9
Personnel Expenses n.a. 270.9 251.2 237.9
Other Operating Expenses n.a. 194.2 185.8 154.8
Total Non-Interest Expenses n.a. 465.1 437.0 392.7
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 20,494.8 21,206.0 21,210.1 19,689.5
Less: Reserves for Impaired Loans/ NPLs n.a. 660.5 497.8 420.4
Net Loans 20,494.8 20,545.5 20,712.3 19,269.1
Gross Loans 20,494.8 21,206.0 21,210.1 19,689.5
Memo: Impaired Loans included above n.a. 1,050.6 658.2 140.9
Memo: Loans at Fair Value included above n.a. 0.0 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 840.9 1,652.8 1,460.7 873.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 1.6 11.6 41.0 21.5
Derivatives 315.5 249.4 149.8 82.9
Available for Sale Securities 4,239.8 5,293.9 5,353.5 5,207.9
Held to Maturity Securities 1,905.8 584.0 0.0 0.0
At-equity Investments in Associates 615.7 187.1 148.9 359.4
Other Securities n.a. 0.0 0.0 0.0
Total Securities 7,078.4 6,326.0 5,693.2 5,671.7
Memo: Government Securities included Above n.a. 2,340.7 1,669.6 1,362.1
Memo: Total Securities Pledged n.a. 3,114.5 3,033.7 n.a.
Investments in Property 61.3 33.0 20.3 26.7
Insurance Assets n.a. 0.0 0.0 0.0
Other Earning Assets 916.6 0.0 0.0 0.0
Total Earning Assets 29,392.0 28,557.3 27,886.5 25,840.5
Non-earning Assets
Cash and Due From Banks 390.8 423.2 392.8 383.9
Memo: Mandatory Reserves included above n.a. 252.1 n.a. n.a.
Foreclosed Real Estate n.a. 495.0 154.1 4.4
Fixed Assets 949.1 1,432.6 1,365.3 791.3
Goodwill 10.4 65.5 69.1 52.9
Other Intangibles 32.0 53.4 55.0 25.8
Current Tax Assets 88.7 97.7 79.7 39.1
Deferred Tax Assets 316.8 218.1 211.8 129.9
Discontinued Operations n.a. 0.0 0.0 0.0
Other Assets 401.8 394.7 278.4 240.6
Total Assets 31,581.6 31,737.5 30,492.7 27,508.4
Interest-bearing Liabilities
Customer Deposits - Current n.a. 3,393.9 3,037.0 3,022.0
Customer Deposits - Savings n.a. 3,949.2 3,256.1 3,179.9
Customer Deposits - Term 19,958.5 7,644.1 7,848.1 6,729.8
Total Customer Deposits 19,958.5 14,987.2 14,141.2 12,931.7
Deposits from Banks 4,564.1 748.9 1,422.1 1,409.4
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings n.a. 3,271.1 3,648.0 2,724.8
Total Deposits, Money Market and Short-term 24,522.6 19,007.2 19,211.3 17,065.9
Funding
Senior Debt Maturing after 1 Year 3,492.5 4,294.4 3,460.4 3,187.4
Subordinated Borrowing 1,359.0 673.6 545.7 545.0
Other Funding n.a. 4,467.6 3,800.5 3,426.5
Total Long Term Funding 4,851.5 9,435.6 7,806.6 7,158.9
Derivatives 270.0 260.5 109.8 131.9
Trading Liabilities n.a. 0.0 0.0 0.0
Total Funding 29,644.1 28,703.3 27,127.7 24,356.7
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. 0.0 0.0 0.0
Credit impairment reserves n.a. 18.1 13.2 n.a.
Reserves for Pensions and Other 42.0 57.5 28.9 44.3
Current Tax Liabilities 5.2 3.3 5.2 1.4
Deferred Tax Liabilities 47.0 54.5 60.4 217.7
Other Deferred Liabilities n.a. 0.0 0.0 0.0
Discontinued Operations n.a. 0.0 0.0 0.0
Insurance Liabilities n.a. 0.0 0.0 0.0
Other Liabilities 504.8 658.6 969.0 391.1
Total Liabilities 30,243.1 29,495.3 28,204.4 25,011.2
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. 173.6 448.8 448.8
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. 555.0 425.0 329.4
Equity
Equity
Common Equity 1,199.0 1,374.8 1,277.3 1,160.5
Non-controlling Interest 139.5 205.3 216.1 98.7
Securities Revaluation Reserves n.a. -64.0 -90.0 456.8
Foreign Exchange Revaluation Reserves n.a. -1.1 0.0 0.0
Fixed Asset Revaluations and Other Accumulated n.a. -1.4 11.1 3.0
OCI
Total Equity 1,338.5 1,513.6 1,414.5 1,719.0
Total Liabilities and Equity 31,581.6 31,737.5 30,492.7 27,508.4
Memo: Fitch Core Capital n.a. 1,394.7 1,290.4 1,640.3
Memo: Fitch Eligible Capital n.a. 1,992.4 1,843.4 2,194.1
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% n.a. 4.57 6.14 5.53
Interest Expense on Customer Deposits/ Average n.a. 2.94 3.95 4.59
Customer Deposits%
Interest Income/ Average Earning Assets% n.a. 4.24 5.49 4.92
Interest Expense/ Average Interest-bearing n.a. 2.35 4.01 3.34
Liabilities%
Net Interest Income/ Average Earning Assets% n.a. 1.90 1.65 1.76
Net Int. Inc Less Loan Impairment Charges/ Av. n.a. 0.52 0.85 1.30
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ n.a. 1.90 1.65 1.76
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% n.a. 27.40 32.68 28.88
Non-Interest Expense/ Gross Revenues% n.a. 64.43 67.14 66.36
Non-Interest Expense/ Average Assets% n.a. 1.52 1.53 1.54
Pre-impairment Op. Profit/ Average Equity% n.a. 19.84 13.98 12.94
Pre-impairment Op. Profit/ Average Total Assets% n.a. 0.93 0.76 0.87
Loans and securities impairment charges/ Pre- n.a. 134.99 93.56 49.89
impairment Op. Profit%
Operating Profit/ Average Equity% n.a. -6.94 0.90 6.49
Operating Profit/ Average Total Assets% n.a. -0.33 0.05 0.43
Taxes/ Pre-tax Profit% n.a. 10.77 2.15 16.13
Pre-Impairment Operating Profit / Risk Weighted n.a. 1.23 0.86 0.96
Assets%
Operating Profit / Risk Weighted Assets% n.a. -0.43 0.06 0.48
Other Profitability Ratios
Net Income/ Average Total Equity% n.a. 10.05 12.00 11.27
Net Income/ Average Total Assets% n.a. 0.47 0.65 0.76
Fitch Comprehensive Income/ Average Total Equity -15.44 11.29 -22.29 1.17
%
Fitch Comprehensive Income/ Average Total Assets -0.69 0.53 -1.21 0.08
%
Net Income/ Av. Total Assets plus Av. Managed n.a. 0.47 n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% n.a. 0.63 0.74 0.84
Fitch Comprehensive Income/ Risk Weighted Assets n.a. 0.70 -1.37 0.09
%
Capitalization
Fitch Core Capital/Weighted Risks% n.a. 6.05 5.11 7.12
Fitch Eligible Capital/ Weighted Risks% n.a. 8.65 7.30 9.53
Tangible Common Equity/ Tangible Assets% 3.14 4.41 4.25 5.98
Tier 1 Regulatory Capital Ratio% n.a. 8.31 6.37 6.20
Total Regulatory Capital Ratio% n.a. 12.49 11.08 11.40
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% 4.24 4.77 4.64 6.25
Cash Dividends Paid & Declared/ Net Income% n.a. 18.46 25.90 25.92
Cash Dividend Paid & Declared/ Fitch n.a. 16.43 -13.94 250.00
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% n.a. 7.76 9.77 8.31
Loan Quality
Growth of Total Assets% -0.49 4.08 10.85 22.21
Growth of Gross Loans% -3.35 -0.02 7.72 23.19
Impaired Loans(NPLs)/ Gross Loans% n.a. 4.95 3.10 0.72
Reserves for Impaired Loans/ Gross loans% n.a. 3.11 2.35 2.14
Reserves for Impaired Loans/ Impaired Loans% n.a. 62.87 75.63 298.37
Impaired Loans less Reserves for Imp Loans/ Equity n.a. 25.77 11.34 -16.26
%
Loan Impairment Charges/ Average Gross Loans% n.a. 1.80 1.05 0.61
Net Charge-offs/ Average Gross Loans% n.a. 0.88 0.47 0.08
Impaired Loans + Foreclosed Assets/ Gross Loans + n.a. 7.12 3.80 0.74
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 102.69 141.49 149.99 152.26
Interbank Assets/ Interbank Liabilities% 18.42 190.08 97.74 61.94
Customer Deposits/ Total Funding excl Derivatives% 67.95 52.69 52.34 53.38
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. 40.4 n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. 9.9 n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. 0.1 25.3 1.2
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. 10.0 25.3 1.2
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. 1,984.3 1,075.6
breakdown)
AFS Assets - Government n.a. n.a. 1,653.8 1,362.1
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. 1,663.2 1,715.4 2,770.2
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 4,239.8 5,293.9 5,353.5 5,207.9
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio n.a. 8.31 6.37 6.20
Total Capital Ratio n.a. 12.49 11.08 11.40
Equity / Tot Assets 4.24 6.52 6.03 7.45
Equity / Net Loans 6.53 10.07 8.88 10.63
Equity / Cust & Short Term Funding 5.46 10.88 9.58 12.00
Equity / Liabilities 4.63 7.18 6.65 8.37
Cap Funds / Tot Assets 8.54 9.19 9.29 11.06
Cap Funds / Net Loans 13.16 14.19 13.68 15.79
Cap Funds / Dep & ST Funding 11.00 15.34 14.75 17.83
Cap Funds / Liabilities 9.34 10.12 10.25 12.43
Subord Debt / Cap Funds 50.38 23.10 19.26 17.92
Operations
Net Interest Margin n.a. 1.86 1.63 1.79
Net Int Rev / Avg Assets n.a. 1.68 1.51 1.68
Oth Op Inc / Avg Assets n.a. 0.72 0.75 0.77
Non Int Exp / Avg Assets n.a. 2.72 2.24 2.01
Pre-Tax Op Inc / Avg Assets n.a. -0.31 0.02 0.44
Non Op Items & Taxes / Avg Ast n.a. 0.77 0.62 0.33
Return On Avg Assets (ROAA) n.a. 0.46 0.64 0.77
Return On Avg Equity (ROAE) n.a. 7.37 9.59 9.53
Dividend Pay-Out n.a. 18.46 25.90 25.92
Inc Net Of Dist / Avg Equity n.a. 6.01 7.11 7.06
Non Op Items / Net Income n.a. 178.35 99.20 61.69
Cost To Income Ratio n.a. 62.06 66.79 63.94
Recurring Earning Power n.a. 0.91 0.75 0.89
Liquidity
Interbank Ratio 18.42 220.70 102.71 61.94
Net Loans / Tot Assets 64.90 64.74 67.93 70.05
Net Loans / Dep & ST Funding 83.58 108.09 107.81 112.91
Net Loans / Tot Dep & Bor 72.46 73.30 77.92 80.92
Liquid Assets / Dep & ST Funding 5.03 9.66 9.86 7.49
Liquid Assets / Tot Dep & Bor 4.36 6.55 7.13 5.37
13 17/12/2009 Caixanova and Banco Gallego may sell Elecnor stake (deal no.
1601144957)
14 11/11/2009 Three banks in merger talks to create Spain's third biggest bank
(deal no. 1601133937)
15 06/11/2009 Caser y Caixanova form alliance (deal no. 1601132418)
16 15/07/2009 Sacyr sells a stake in Itinere (deal no. 1601093975)
17 15/05/2009 Netaccede Group is created (deal no. 1601078134)
18 27/02/2009 Caixanova acquires stake in Union Fenosa (deal no. 1601057873)
30 14/09/2007 Repsol's CLH stake sale in the pipeline (deal no. 574329)
31 18/04/2007 Caixanova acquires stake in Compañía Logística de Hidrocarburos
(deal no. 531647)
32 17/04/2007 Caixanova increases stake in Sacyr Vallehermoso (deal no.
531812)
33 17/04/2007 Sacyr Vallehermoso acquires remaining stake in Itinere
Infraestructuras (deal no. 428361)
34 10/04/2007 Caixanova announces 5 per cent stake in Banco Pastor (deal no.
530934)
35 24/03/2007 Caixanova acquires stake in Banco Pastor (deal no. 526208)
36 19/03/2007 Caixanova acquires a stake in Brisa (deal no. 523959)
37 13/03/2007 Martinsa carries out capital increase (deal no. 522928)
38 02/02/2007 Caixanova increases stake in GAM (deal no. 513423)
39 24/01/2007 Investors acquires shares in General de Alquiler de Maquinaria
(deal no. 478289)
40 24/01/2007 Caixanova acquires China Aviation Oil's stake in CLH (deal no.
308959)
41 22/01/2007 SEPI rejects Hijos de J Barreras offer for Astilleros Fene (deal no.
509433)
42 09/01/2007 Inversiones Losan announces financing round (deal no. 504819)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
ger)
)
82 00
82 38
go e Ourense
name to Caja
ntevedra and
xa de Aforros
orros de Galicia
s a commercial
ager for more
Watch
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
ð <0,5 2.0
ð n.a. n.a.
ð 6.0 3.0
Banco Mare Nostrum SA-BMN
Contact details
Bank History :
On December 22, 2010, Banco Mare Nostrum SA was created by Caja de Ahorros de Murcia - Cajamurcia;Caja General
de Ahorros de Granada - La General; Caja de Ahorros y Monte de Piedad de las Baleares - Sa Nostra and Caja de
Ahorros del Penedés.
Status Active Consolidation Code C1
Accounting Standards International Financial Nickname NOSTICI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 10/18/2012
Name of the Auditor Deloitte, S.L. Model ALLBANKS
BvD indep. indicator C+
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 47,109.4 48,433.4 51,336.7 53,874.6
Gross Loans 49,217.0 51,227.7 52,793.8 55,173.8
Less: Reserves for Impaired Loans/ NPLs 2,107.6 2,794.3 1,457.1 1,299.2
Other Earning Assets 13,763.0 15,102.0 16,147.8 14,898.8
Loans and Advances to Banks 1,555.4 1,575.8 3,249.8 2,180.0
Derivatives 926.1 829.6 749.2 581.2
Other Securities 11,026.3 12,340.8 11,931.6 11,979.5
Remaining earning assets 255.2 355.8 217.2 158.1
Total Earning Assets 60,872.4 63,535.4 67,484.5 68,773.4
Fixed Assets 1,240.8 1,398.1 1,497.6 1,401.2
Non-Earning Assets 5,087.4 4,925.9 4,073.3 3,050.6
Total Assets 67,200.6 69,859.4 73,055.4 73,225.2
INCOME STATEMENT
Unqualified Unqualified Audited Audited
Original Original Proforma Proforma
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 717.8 929.4 1,208.7 1,241.1
Other Operating Income 383.2 432.4 490.1 494.6
Net Gains (Losses) on Trading and Derivatives 17.8 26.5 45.3 3.4
Net Gains (Losses) on Assets at FV through Income 0.1 0.8 0.9 -8.4
Statement
Net Fees and Commissions 254.2 251.6 224.9 244.7
Remaining Operating Income 111.1 153.5 219.0 254.9
Overheads 845.1 901.8 935.4 934.2
Loan Loss Provisions 33.4 151.5 383.8 398.7
Other -127.6 -208.6 -123.4 74.7
Profit before Tax 94.9 99.9 256.2 477.5
Tax 13.3 -6.6 28.6 86.1
Net Income 81.6 106.5 227.6 391.4
Operating Income (Memo) 1,099.7 1,341.6 1,611.0 1,587.7
Net Gains (Losses) on Trading and Derivatives 17.8 26.5 45.3 3.4
Net Gains (Losses) on Other Securities 28.4 25.2 40.1 67.7
Net Gains (Losses) on Assets at FV through Income 0.1 0.8 0.9 -8.4
Statement
Net Insurance Income 4.9 35.9 27.4 -8.1
Net Fees and Commissions 254.2 251.6 224.9 244.7
Other Operating Income 76.5 72.2 63.7 47.3
Total Non-Interest Operating Income 381.9 412.2 402.3 346.6
Personnel Expenses 507.7 546.0 556.9 545.5
Other Operating Expenses 337.4 355.8 378.5 388.7
Total Non-Interest Expenses 845.1 901.8 935.4 934.2
Memo: Net Income after Allocation to Non- 81.8 106.5 226.9 390.3
controlling Interests
Memo: Common Dividends Relating to the Period n.a. n.a. n.a. n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 49,217.0 51,227.7 52,793.8 55,173.8
Less: Reserves for Impaired Loans/ NPLs 2,107.6 2,794.3 1,457.1 1,299.2
Net Loans 47,109.4 48,433.4 51,336.7 53,874.6
Gross Loans 49,217.0 51,227.7 52,793.8 55,173.8
Memo: Impaired Loans included above 3,453.7 2,863.9 2,561.9 1,707.3
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 1,460.3 1,125.0 3,249.8 2,180.0
Reverse Repos and Cash Collateral 95.1 450.8 n.a. n.a.
Trading Securities and at FV through Income 20.3 39.5 160.3 84.5
Derivatives 926.1 829.6 749.2 581.2
Available for Sale Securities 3,275.8 5,061.6 7,404.3 6,453.5
Held to Maturity Securities 1,973.4 364.5 79.6 1,006.3
At-equity Investments in Associates 583.1 665.9 231.9 292.9
Other Securities 5,173.7 6,209.3 4,055.5 4,142.3
Total Securities 12,047.5 13,621.2 12,680.8 12,560.7
Memo: Government Securities included Above 3,151.0 2,971.5 1,885.5 1,715.8
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. 97.0 121.3 121.5
Insurance Assets 255.2 258.8 95.9 36.6
Other Earning Assets n.a. 0.0 0.0 0.0
Total Earning Assets 60,872.4 63,535.4 67,484.5 68,773.4
Non-earning Assets
Cash and Due From Banks 954.4 776.9 892.8 1,145.9
Memo: Mandatory Reserves included above 652.5 474.8 n.a. n.a.
Foreclosed Real Estate 2,224.4 1,977.0 1,811.3 682.7
Fixed Assets 1,240.8 1,398.1 1,497.6 1,401.2
Goodwill n.a. 142.7 4.2 3.4
Other Intangibles 69.3 66.8 106.9 100.0
Current Tax Assets 36.1 147.4 153.3 81.6
Deferred Tax Assets 1,396.7 1,294.1 490.2 461.8
Discontinued Operations 0.0 0.0 0.0 0.0
Other Assets 406.5 521.0 614.6 575.2
Total Assets 67,200.6 69,859.4 73,055.4 73,225.2
Interest-bearing Liabilities
Customer Deposits - Current 11,244.6 6,235.1 8,927.2 8,410.3
Customer Deposits - Savings n.a. 5,262.1 4,127.4 3,927.2
Customer Deposits - Term 20,724.6 21,114.8 20,183.9 18,573.9
Total Customer Deposits 31,969.2 32,612.0 33,238.5 30,911.4
Deposits from Banks 784.0 901.5 1,642.0 2,262.7
Repos and Cash Collateral 2,550.3 3,480.1 3,451.6 3,667.9
Other Deposits and Short-term Borrowings 349.4 1,411.7 3,829.6 7,056.7
Total Deposits, Money Market and Short-term 35,652.9 38,405.3 42,161.7 43,898.7
Funding
Senior Debt Maturing after 1 Year 23,766.4 5,911.3 20,972.5 19,850.8
Subordinated Borrowing 1,168.6 1,210.8 1,390.0 1,159.9
Other Funding n.a. 17,321.1 655.4 411.5
Total Long Term Funding 24,935.0 24,443.2 23,017.9 21,422.2
Derivatives 380.3 370.9 397.4 354.7
Trading Liabilities n.a. 0.0 127.1 2.5
Total Funding 60,968.2 63,219.4 65,704.1 65,678.1
Non-interest Bearing Liabilities
Fair Value Portion of Debt 0.0 0.0 0.0 0.0
Credit impairment reserves 32.7 16.7 20.2 25.4
Reserves for Pensions and Other 273.0 402.2 260.4 225.0
Current Tax Liabilities 11.8 15.5 30.5 60.6
Deferred Tax Liabilities 390.9 495.7 174.2 203.1
Other Deferred Liabilities n.a. 0.0 0.0 0.0
Discontinued Operations n.a. 0.0 0.0 0.0
Insurance Liabilities n.a. 31.5 724.4 1,449.4
Other Liabilities 663.2 729.9 1,022.8 1,011.9
Total Liabilities 62,339.8 64,910.9 67,936.6 68,653.5
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 2,240.4 2,273.0 1,255.4 817.9
Debt
Pref. Shares and Hybrid Capital accounted for as 235.2 0.0 0.0 0.0
Equity
Equity
Common Equity 2,432.8 2,667.9 3,854.9 3,766.3
Non-controlling Interest 3.5 7.6 17.1 16.9
Securities Revaluation Reserves -80.9 0.0 -0.6 -29.5
Foreign Exchange Revaluation Reserves 0.6 0.0 0.2 0.0
Fixed Asset Revaluations and Other Accumulated 29.2 0.0 -8.2 0.1
OCI
Total Equity 2,385.2 2,675.5 3,863.4 3,753.8
Total Liabilities and Equity 67,200.6 69,859.4 73,055.4 73,225.2
Memo: Fitch Core Capital 2,097.5 2,413.5 3,752.3 3,650.4
Memo: Fitch Eligible Capital 3,784.0 3,881.5 4,305.0 3,984.4
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.66 3.62 4.92 5.98
Interest Expense on Customer Deposits/ Average 4.00 3.68 4.71 5.68
Customer Deposits%
Interest Income/ Average Earning Assets% 3.74 3.42 4.53 5.63
Interest Expense/ Average Interest-bearing 2.59 2.03 2.86 3.98
Liabilities%
Net Interest Income/ Average Earning Assets% 1.16 1.42 1.77 1.86
Net Int. Inc Less Loan Impairment Charges/ Av. 1.10 1.18 1.21 1.26
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.16 1.42 1.77 1.86
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 34.73 30.72 24.97 21.83
Non-Interest Expense/ Gross Revenues% 76.85 67.22 58.06 58.84
Non-Interest Expense/ Average Assets% 1.24 1.26 1.28 1.32
Pre-impairment Op. Profit/ Average Equity% 9.69 13.25 20.04 20.54
Pre-impairment Op. Profit/ Average Total Assets% 0.37 0.64 1.04 1.13
Loans and securities impairment charges/ Pre- 19.62 43.00 53.63 49.49
impairment Op. Profit%
Operating Profit/ Average Equity% 7.79 7.55 9.29 10.37
Operating Profit/ Average Total Assets% 0.30 0.37 0.48 0.57
Taxes/ Pre-tax Profit% 14.01 -6.61 11.16 18.03
Pre-Impairment Operating Profit / Risk Weighted 0.68 1.16 1.67 1.69
Assets%
Operating Profit / Risk Weighted Assets% 0.54 0.66 0.77 0.85
Other Profitability Ratios
Net Income/ Average Total Equity% 3.09 3.07 5.98 10.03
Net Income/ Average Total Assets% 0.12 0.15 0.31 0.55
Fitch Comprehensive Income/ Average Total Equity 1.08 3.07 6.46 -4.32
%
Fitch Comprehensive Income/ Average Total Assets 0.04 0.15 0.34 -0.24
%
Net Income/ Av. Total Assets plus Av. Managed n.a. 0.15 0.31 0.55
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.22 0.27 0.50 0.83
Fitch Comprehensive Income/ Risk Weighted Assets 0.08 0.27 0.54 -0.36
%
Capitalization
Fitch Core Capital/Weighted Risks% 5.54 6.06 8.20 7.71
Fitch Eligible Capital/ Weighted Risks% 10.00 9.75 9.40 8.42
Tangible Common Equity/ Tangible Assets% 3.20 3.52 5.14 4.99
Tier 1 Regulatory Capital Ratio% 11.86 11.10 9.60 8.30
Total Regulatory Capital Ratio% 14.90 14.74 14.20 12.10
Core Tier 1 Regulatory Capital Ratio% 9.80 8.40 n.a. n.a.
Equity/ Total Assets% 3.55 3.83 5.29 5.13
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. n.a. n.a.
Cash Dividend Paid & Declared/ Fitch n.a. n.a. n.a. n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 3.42 3.98 5.89 10.43
Loan Quality
Growth of Total Assets% -3.81 -4.37 -0.23 6.45
Growth of Gross Loans% -3.93 -2.97 -4.31 5.21
Impaired Loans(NPLs)/ Gross Loans% 7.02 5.59 4.85 3.09
Reserves for Impaired Loans/ Gross loans% 4.28 5.45 2.76 2.35
Reserves for Impaired Loans/ Impaired Loans% 61.02 97.57 56.88 76.10
Impaired Loans less Reserves for Imp Loans/ Equity 56.44 2.60 28.60 10.87
%
Loan Impairment Charges/ Average Gross Loans% 0.07 0.29 0.71 0.74
Net Charge-offs/ Average Gross Loans% 0.65 1.07 0.09 0.14
Impaired Loans + Foreclosed Assets/ Gross Loans + 11.04 9.10 8.01 4.28
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 153.95 157.08 158.83 178.49
Interbank Assets/ Interbank Liabilities% 186.26 124.79 197.92 96.35
Customer Deposits/ Total Funding excl Derivatives% 52.76 51.89 50.90 47.32
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. 207.9 134.4 164.2
Sheet
Other off-balance sheet exposure to securitizations n.a. 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. 4.9 n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. 5.8 n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. 0.0 n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. 0.0 n.a. n.a.
Trading Assets - Equities n.a. 25.8 n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. 25.8 n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. 2,665.5 n.a. n.a.
AFS Assets - Banks n.a. 578.6 n.a. n.a.
AFS Assets - Corporates n.a. 657.0 n.a. n.a.
AFS Assets - Structured n.a. 0.0 n.a. n.a.
AFS Assets - Equities n.a. 1,160.4 n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 3,275.8 5,061.6 7,404.3 6,453.5
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.15 1.42 1.77 1.81
Net Int Rev / Avg Assets 1.05 1.30 1.65 1.70
Oth Op Inc / Avg Assets 0.56 0.61 0.67 0.68
Non Int Exp / Avg Assets 1.28 1.47 1.80 1.82
Pre-Tax Op Inc / Avg Assets 0.33 0.43 0.52 0.55
Non Op Items & Taxes / Avg Ast -0.21 -0.28 -0.21 -0.02
Return On Avg Assets (ROAA) 0.12 0.15 0.31 0.54
Return On Avg Equity (ROAE) 3.08 3.26 5.98 10.43
Dividend Pay-Out n.a. n.a. n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a. n.a. n.a.
Non Op Items / Net Income -156.37 -195.87 -54.22 19.09
Cost To Income Ratio 76.76 66.22 55.06 53.82
Recurring Earning Power 0.37 0.64 1.04 1.10
Liquidity
Interbank Ratio 46.65 35.96 63.80 36.76
Net Loans / Tot Assets 70.10 69.33 70.27 73.57
Net Loans / Dep & ST Funding 132.13 126.11 121.76 122.73
Net Loans / Tot Dep & Bor 78.78 78.11 79.82 83.50
Liquid Assets / Dep & ST Funding 5.27 4.99 10.21 7.77
Liquid Assets / Tot Dep & Bor 3.14 3.09 6.69 5.29
Date News
1 04/09/2012 Banco Popular may acquire Banco Mare Nostrum (deal no.
1601399658)
2 24/07/2012 Viajes Cajamurcia absorbs Viajes Caja Granada (deal no.
1601393281)
3 24/07/2012 Gestió Integral d’Assessorament i Tramitació de Serveis absorbs
La General Servicios LGS (deal no. 1601393981)
4 24/07/2012 Corporación Empresarial CajaMurcia absorbs Corporación Caja
de Granada (deal no. 1601394005)
5 24/07/2012 BMN Mediación Operador de Banca-Seguros Vinculado absorbs
Sa Nostra Mediación Operador de Banca-Seguros Vinculado and
Caja Granada Mediación Operador de Banca-Seguros Vinculado
(deal no. 1601394068)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
The Global Ultimate Owner for this bank could not be defined (due to mutual ownerships or equal percentages of
ownership in the upward path leading to the GUO).
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
Level
Coun Direct Total Source Date of
Subsidiary name of Status
- try (%) (%) ident. info.
own.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
03
68
n.es
;Caja General
Caja de
ager for more
Watch
ntages of
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
PICO DE SAN PEDRO 2 TRES CANTOS Phone number +34 (91) 806 94 69
Fax number +34 (91) 339 75 40
28046 MADRID Web Site Address www.bankinter.es
SPAIN
Bank History :
Established on June 4, 1965.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname BANKINCI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 10/16/2012
Types of accounts Cons., Uncons., Add. Cons. Model ALLBANKS
available & Add. Uncons.
BvD indep. indicator A+
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 45,388.0 42,525.5 39,883.6 40,896.6
Gross Loans 46,153.5 43,386.7 40,667.5 41,593.0
Less: Reserves for Impaired Loans/ NPLs 765.5 861.2 783.9 696.4
Other Earning Assets 12,320.8 10,068.0 12,602.0 11,442.5
Loans and Advances to Banks 1,779.4 1,601.5 3,786.1 3,197.3
Derivatives 675.0 685.8 821.3 877.0
Other Securities 9,857.3 7,770.4 7,981.1 7,368.2
Remaining earning assets 9.1 10.3 13.5 0.0
Total Earning Assets 57,708.8 52,593.5 52,485.6 52,339.1
Fixed Assets 466.9 456.6 452.6 391.8
Non-Earning Assets 1,315.7 1,101.9 1,529.3 738.7
Total Assets 59,491.4 54,152.0 54,467.5 53,469.6
Notes
Impaired Loans (Memo) 1,498.3 1,316.9 1,080.9 597.2
Loan Loss Reserves (Memo) 786.1 883.5 813.6 730.4
Liquid Assets (Memo) 4,094.2 3,196.9 7,271.0 5,149.1
Intangibles (Memo) 338.0 358.2 377.0 13.9
Off Balance Sheet Items 12,904.8 13,105.0 13,191.7 12,639.8
INCOME STATEMENT
Unqualified Unqualified Audited Not Audited
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 559.2 564.5 803.5 681.0
Other Operating Income 526.1 532.2 477.2 404.1
Net Gains (Losses) on Trading and Derivatives 11.9 16.8 65.4 47.1
Net Gains (Losses) on Assets at FV through Income 0.1 10.8 1.0 -15.3
Statement
Net Fees and Commissions 198.9 195.5 202.2 226.0
Remaining Operating Income 315.2 309.1 208.6 146.3
Overheads 671.8 679.1 667.9 562.5
Loan Loss Provisions 156.2 216.3 218.7 186.2
Other -17.2 3.9 -48.2 0.4
Profit before Tax 240.1 205.2 345.9 336.8
Tax 58.9 54.5 91.5 84.5
Net Income 181.2 150.7 254.4 252.3
Operating Income (Memo) 1,070.6 1,085.7 1,264.5 1,039.2
Net Gains (Losses) on Trading and Derivatives 11.9 16.8 65.4 47.1
Net Gains (Losses) on Other Securities 1.2 14.5 -2.9 4.2
Net Gains (Losses) on Assets at FV through Income 0.1 10.8 1.0 -15.3
Statement
Net Insurance Income 231.5 207.2 144.9 0.0
Net Fees and Commissions 198.9 195.5 202.2 226.0
Other Operating Income 67.8 76.4 50.4 96.2
Total Non-Interest Operating Income 511.4 521.2 461.0 358.2
Personnel Expenses 330.0 332.9 325.0 260.9
Other Operating Expenses 341.8 346.2 342.9 301.6
Total Non-Interest Expenses 671.8 679.1 667.9 562.5
Memo: Net Income after Allocation to Non- 181.2 150.7 254.4 252.3
controlling Interests
Memo: Common Dividends Relating to the Period 58.5 74.5 136.0 120.3
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. 25,712.0 n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. 16,141.0 n.a. n.a.
Other Loans 46,153.5 1,533.7 40,667.5 41,593.0
Less: Reserves for Impaired Loans/ NPLs 765.5 861.2 783.9 696.4
Net Loans 45,388.0 42,525.5 39,883.6 40,896.6
Gross Loans 46,153.5 43,386.7 40,667.5 41,593.0
Memo: Impaired Loans included above 1,498.3 1,316.9 1,080.9 597.2
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 1,042.3 772.3 3,786.1 3,197.3
Reverse Repos and Cash Collateral 737.1 829.2 n.a. n.a.
Trading Securities and at FV through Income 1,902.0 1,399.0 2,979.6 1,569.7
Derivatives 675.0 685.8 821.3 877.0
Available for Sale Securities 4,776.1 3,100.2 3,345.1 5,601.3
Held to Maturity Securities 3,150.9 3,241.6 1,621.7 0.0
At-equity Investments in Associates 28.3 29.6 34.7 197.2
Other Securities n.a. n.a. 0.0 0.0
Total Securities 11,269.4 9,285.4 8,802.4 8,245.2
Memo: Government Securities included Above 6,604.0 4,198.4 4,217.3 4,678.1
Memo: Total Securities Pledged 4,843.0 3,982.9 4,142.4 4,894.9
Investments in Property n.a. n.a. 0.0 0.0
Insurance Assets 9.1 10.3 13.5 0.0
Other Earning Assets n.a. n.a. 0.0 0.0
Total Earning Assets 57,708.8 52,593.5 52,485.6 52,339.1
Non-earning Assets
Cash and Due From Banks 412.8 196.4 505.3 382.1
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 308.5 271.5 261.0 54.0
Fixed Assets 466.9 456.6 452.6 391.8
Goodwill 161.8 161.8 161.8 0.0
Other Intangibles 176.2 196.4 215.2 13.9
Current Tax Assets 55.7 70.6 104.4 24.5
Deferred Tax Assets 103.5 93.8 141.7 192.8
Discontinued Operations n.a. n.a. 0.0 0.0
Other Assets 97.2 111.4 139.9 71.4
Total Assets 59,491.4 54,152.0 54,467.5 53,469.6
Interest-bearing Liabilities
Customer Deposits - Current 7,754.0 9,074.9 9,737.8 8,231.5
Customer Deposits - Savings 2,869.5 463.7 343.8 437.7
Customer Deposits - Term 9,378.2 9,764.7 6,798.5 8,618.7
Total Customer Deposits 20,001.7 19,303.3 16,880.1 17,287.9
Deposits from Banks 1,352.0 941.6 1,748.0 1,862.7
Repos and Cash Collateral 7,412.3 6,482.4 8,808.2 n.a.
Other Deposits and Short-term Borrowings 9,690.2 4,518.3 5,520.0 17,885.7
Total Deposits, Money Market and Short-term 38,456.2 31,245.6 32,956.3 37,036.3
Funding
Senior Debt Maturing after 1 Year 12,856.9 15,678.8 14,660.1 3,528.2
Subordinated Borrowing 787.5 770.3 769.3 518.5
Other Funding n.a. n.a. n.a. 8,044.3
Total Long Term Funding 13,644.4 16,449.1 15,429.4 12,091.0
Derivatives 926.0 894.6 676.9 796.7
Trading Liabilities 1,503.3 1,089.3 879.3 161.8
Total Funding 54,529.9 49,678.6 49,941.9 50,085.8
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. 0.0 0.0
Credit impairment reserves 20.6 22.3 29.7 34.0
Reserves for Pensions and Other 43.5 48.8 46.2 101.6
Current Tax Liabilities 70.6 41.8 65.1 34.3
Deferred Tax Liabilities 119.0 142.1 163.7 68.7
Other Deferred Liabilities n.a. n.a. 0.0 0.0
Discontinued Operations n.a. n.a. 0.0 0.0
Insurance Liabilities 642.8 654.9 625.6 0.0
Other Liabilities 807.4 635.5 663.9 831.5
Total Liabilities 56,233.8 51,224.0 51,536.1 51,155.9
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 170.6 348.3 348.5 348.7
Debt
Pref. Shares and Hybrid Capital accounted for as 404.8 n.a. 0.0 0.0
Equity
Equity
Common Equity 2,713.8 2,602.5 2,553.0 1,963.4
Non-controlling Interest n.a. n.a. 0.0 0.0
Securities Revaluation Reserves -29.2 -23.0 29.8 1.5
Foreign Exchange Revaluation Reserves 0.2 0.2 0.1 0.0
Fixed Asset Revaluations and Other Accumulated -2.6 n.a. 0.0 0.1
OCI
Total Equity 2,682.2 2,579.7 2,582.9 1,965.0
Total Liabilities and Equity 59,491.4 54,152.0 54,467.5 53,469.6
Memo: Fitch Core Capital 2,277.9 2,155.2 2,136.2 1,951.1
Memo: Fitch Eligible Capital 2,768.0 2,329.4 2,484.7 2,299.8
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 2.75 2.32 3.63 5.22
Interest Expense on Customer Deposits/ Average 2.10 1.39 1.78 4.19
Customer Deposits%
Interest Income/ Average Earning Assets% 2.97 2.28 3.19 5.25
Interest Expense/ Average Interest-bearing 2.08 1.29 1.74 4.04
Liabilities%
Net Interest Income/ Average Earning Assets% 1.00 1.06 1.52 1.37
Net Int. Inc Less Loan Impairment Charges/ Av. 0.72 0.65 1.11 1.00
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.00 1.06 1.52 1.37
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 47.77 48.01 36.46 34.47
Non-Interest Expense/ Gross Revenues% 62.75 62.55 52.82 54.13
Non-Interest Expense/ Average Assets% 1.17 1.23 1.23 1.11
Pre-impairment Op. Profit/ Average Equity% 15.65 16.03 26.39 28.24
Pre-impairment Op. Profit/ Average Total Assets% 0.72 0.76 1.13 1.03
Loans and securities impairment charges/ Pre- 38.26 51.89 35.98 36.93
impairment Op. Profit%
Operating Profit/ Average Equity% 9.66 7.71 16.89 17.81
Operating Profit/ Average Total Assets% 0.44 0.36 0.72 0.65
Taxes/ Pre-tax Profit% 24.53 26.56 26.45 25.09
Pre-Impairment Operating Profit / Risk Weighted 1.45 1.35 2.02 1.87
Assets%
Operating Profit / Risk Weighted Assets% 0.90 0.65 1.29 1.18
Other Profitability Ratios
Net Income/ Average Total Equity% 6.86 5.79 10.96 13.63
Net Income/ Average Total Assets% 0.32 0.27 0.47 0.50
Fitch Comprehensive Income/ Average Total Equity 6.62 3.77 12.17 15.48
%
Fitch Comprehensive Income/ Average Total Assets 0.30 0.18 0.52 0.56
%
Net Income/ Av. Total Assets plus Av. Managed 0.31 0.27 0.45 0.48
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.64 0.49 0.84 0.90
Fitch Comprehensive Income/ Risk Weighted 0.62 0.32 0.93 1.03
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 8.01 6.96 7.03 6.99
Fitch Eligible Capital/ Weighted Risks% 9.73 7.52 8.17 8.29
Tangible Common Equity/ Tangible Assets% 3.79 4.13 4.08 3.65
Tier 1 Regulatory Capital Ratio% 9.36 7.31 7.52 7.35
Total Regulatory Capital Ratio% 11.67 9.59 10.39 10.13
Core Tier 1 Regulatory Capital Ratio% n.a. 6.18 n.a. n.a.
Equity/ Total Assets% 4.51 4.76 4.74 3.67
Cash Dividends Paid & Declared/ Net Income% 32.28 49.44 53.46 47.68
Cash Dividend Paid & Declared/ Fitch 33.43 75.94 48.11 42.00
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 4.57 2.95 4.58 6.72
Loan Quality
Growth of Total Assets% 9.86 -0.58 1.87 7.70
Growth of Gross Loans% 6.38 6.70 -2.24 9.02
Impaired Loans(NPLs)/ Gross Loans% 3.25 3.04 2.66 1.44
Reserves for Impaired Loans/ Gross loans% 1.66 1.98 1.93 1.67
Reserves for Impaired Loans/ Impaired Loans% 51.09 65.40 72.52 116.61
Impaired Loans less Reserves for Imp Loans/ Equity 27.32 17.66 11.50 -5.05
%
Loan Impairment Charges/ Average Gross Loans% 0.36 0.51 0.54 0.47
Net Charge-offs/ Average Gross Loans% 0.11 0.22 0.12 0.06
Impaired Loans + Foreclosed Assets/ Gross Loans + 3.89 3.64 3.28 1.56
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 230.75 224.76 240.88 240.59
Interbank Assets/ Interbank Liabilities% 77.09 82.02 34.07 15.24
Customer Deposits/ Total Funding excl Derivatives 37.31 39.57 34.26 35.07
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 1,256.3 1,485.4 1,718.6 2,002.4
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. 2,852.9 1,516.9
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates 0.0 n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. 126.7 52.7
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. 2,979.6 1,560.5
Statement
AFS Assets - Debt Securities (where no issuer n.a. 1,931.7 1,985.7 2,131.4
breakdown)
AFS Assets - Government n.a. 1,030.2 1,268.5 3,409.8
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. 138.3 90.9 60.1
AFS Assets - Other n.a. 0.0 0.0 0.0
Total AFS Assets 4,776.1 3,100.2 3,345.1 5,601.3
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. 932.6 0.0
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.01 1.07 1.53 1.36
Net Int Rev / Avg Assets 0.98 1.04 1.49 1.32
Oth Op Inc / Avg Assets 0.93 0.98 0.88 0.78
Non Int Exp / Avg Assets 1.46 1.65 1.64 1.45
Pre-Tax Op Inc / Avg Assets 0.45 0.37 0.73 0.65
Non Op Items & Taxes / Avg Ast -0.13 -0.09 -0.26 -0.16
Return On Avg Assets (ROAA) 0.32 0.28 0.47 0.49
Return On Avg Equity (ROAE) 6.40 5.84 11.19 13.60
Dividend Pay-Out 32.29 49.44 53.46 47.68
Inc Net Of Dist / Avg Equity 4.33 2.95 5.21 7.12
Non Op Items / Net Income -9.49 2.59 -18.95 0.16
Cost To Income Ratio 61.90 61.92 52.15 51.84
Recurring Earning Power 0.73 0.77 1.14 1.01
Liquidity
Interbank Ratio 20.30 21.57 35.87 171.65
Net Loans / Tot Assets 76.29 78.53 73.23 76.49
Net Loans / Dep & ST Funding 118.03 136.10 121.02 110.42
Net Loans / Tot Dep & Bor 84.46 86.95 81.11 82.51
Liquid Assets / Dep & ST Funding 10.65 10.23 22.06 13.90
Liquid Assets / Tot Dep & Bor 7.62 6.54 14.79 10.39
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006 2005
Market price - January 5.12 4.92 6.39 6.69 10.22 12.08 9.40 7.80
Market price - February 4.64 4.72 5.92 6.42 9.68 11.08 10.46 7.95
Market price - March 3.93 4.78 6.08 7.87 9.92 12.11 11.25 7.88
Market price - April 3.36 4.97 5.47 8.88 9.74 12.62 10.86 7.40
Market price - May 2.47 4.69 4.63 8.59 9.22 13.62 10.40 8.13
Market price - June 2.72 4.62 4.96 8.31 7.14 13.11 9.95 8.35
Market price - July 2.63 4.25 5.69 7.87 6.03 12.54 10.26 8.50
Market price - August 2.99 4.05 5.06 9.15 7.18 11.13 10.46 8.06
Market price - September 3.38 4.09 5.03 8.52 8.65 9.98 11.05 8.53
Market price - October 3.05 4.45 4.73 7.09 8.27 10.12 11.78 9.45
Market price - November n.a. 4.17 3.85 7.05 6.66 14.18 11.38 9.22
Market price - December n.a. 4.75 4.11 7.06 6.23 12.39 11.77 9.25
BETA
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 29/08/2012 Crédit Agricole may divest Bankinter stake (deal no.
1601398068)
2 18/07/2012 New Bankinter shares to being trading on August 13th (deal no.
1601388145)
3 07/02/2012 Bankinter and Mapfre create a new joint venture (deal no.
1601340951)
4 15/04/2011 Bankinter completes placing of convertible bonds (deal no.
1601253239)
5 23/03/2011 Bankinter to offer shareholders scrip dividend (deal no.
1601257375)
6 14/03/2011 Gala Fund Management funds and Grupo Talden acquire Neo
Sky from Iberdrola (deal no. 1601238576)
7 21/12/2010 Cartival increases stake in Bankinter (deal no. 1601225054)
8 01/12/2010 Altia completes IPO (deal no. 1601088220)
9 12/11/2010 New Bankinter CEO increases stake (deal no. 1601230493)
10 30/07/2010 Cartival to acquire Bankinter shares (deal no. 1601208358)
11 30/07/2010 Cartival to acquire Bankinter shares (deal no. 1601208360)
12 21/07/2010 Línea Directa denies possibility of a sale by Bankinter (deal no.
1601204677)
13 23/04/2010 Bankinter may make acquisitions (deal no. 1601181060)
14 15/02/2010 TT International acquires further Bankinter shares (deal no.
1601160451)
15 12/02/2010 TT International acquires further Bankinter shares (deal no.
1601160076)
16 11/02/2010 TT International acquires Bankinter shares (deal no.
1601159659)
17 08/02/2010 TT International acquires more Bankinter shares (deal no.
1601158234)
18 05/02/2010 TT International acquires Bankinter shares (deal no.
1601158130)
19 02/02/2010 Marshall Wace continues to sell Bankinter shares (deal no.
1601156642)
20 29/01/2010 Marshall Wace continues to offload Bankinter shares (deal no.
1601155770)
21 28/01/2010 Marshall Wace offloads more Bankinter shares (deal no.
1601155359)
22 27/01/2010 Marshall Wace sells Bankinter shares (deal no. 1601154954)
23 22/01/2010 Marshall Wace sells Bankinter shares (deal no. 1601153406)
24 23/10/2009 Caja Madrid sells a stake in Bankinter (deal no. 1601127627)
25 24/09/2009 Caja Madrid reduces stake in Bankinter (deal no. 1601118569)
35 06/03/2008 Credit Agricole increases its stake in Bankinter (deal no. 595559)
Source : Zephyr
P066333393
3. Mrs. Marta Prieto - Personnel Manager HR VI
P066333394
4. Mr. Juan Álvarez - Senior Marketing Executive MarkAdv VI
P042179664
5. Alfonso Alfaro Llovera - Organisation Manager Oper VI
P002222755 (Corporate Madrid)
6. Luis Fernando Azcona López - Organisation Manager (Northern Oper VI
P066333370 Spain)
7. Antonio Berdiel Bitrian - Organisation Manager (Navarra- Oper VI
P066333339 Aragon-Rioja-Soria)
8. Mrs. Carmen Casado - Private Banking Project Manager Oper VI
P066333405
9. Juan Manuel Castaño Escudero - Organisation Manager (Castile Oper VI
P066333315 and Leon la Mancha-
Extremadura)
10. Joaquín Da Silva Castaño - Organisation Manager (North- Oper VI
P066333348 Western Spain)
11. Sebastián Alvarado Díaz-Agero - Organisation Manager (Las Oper VI
P069045929 Palmas)
12. José Luis Dionisio Cervantes - Organisation Manager (Eastern Oper VI
P066333318 Spain)
13. Antonio Fayos Crespo - Organisation Manager Oper VI
P087648983 (Catalonia)
14. Mr. Ángel González Migaraya - Manager of Madrid Main Officer Oper VI
P097925935
15. Eduardo Ozaita Vega - Organisation Manager Oper VI
P005905806 (Andalusia)
16. Lucas Peinado Mataix - Organisation Manager (Balearic Oper VI
P066333314 Islands)
17. José Pérez Jiménez - Organisation Manager (Tenerife) Oper VI
P104212485
18. Mr. José Luis Vega Riestra - Organisation Manager (Madrid Oper VI
P066333319 East)
19. Mr. Juan Jesus Villasante Cerro - Organisation Manager (Madrid Oper VI
P043061386 West)
20. Mrs. Gema Cordero - Risk Model Unit Manager OthDep VI
P066333398
21. Mrs. Ángeles Ramos - Regulatory Capital Unit Manager OthDep VI
P066333406
22. Mrs. Yolanda Sanz - Senior Image and Brand OthDep VI
P066333409 Manager Executive
23. Jaime Hernández Marcos - Investor Relations OthDep VI
P066333390
24. Mrs. Alejandra Marrupe - Quality Consultant OthDep VI
P066333391
25. Mrs. Gloria Ortiz Portero - Investor Relations OthDep VI
P042215568
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
54. SANSEI YUSOKI CO., LTD. via its funds JP - 0.31 1 - FS 06/2012
55. JAZZTEL P.L.C. via its funds GB - 0.29 1 - FS 06/2012
56. VUELING AIRLINES, S.A. via its funds ES - 0.27 1 - FS 06/2012
57. DONNER METALS LTD via its funds CA - 0.26 1 - FS 06/2012
58. FOMENTO DE CONSTRUCCIONES Y ES - 0.26 1 - FS 06/2012
CONTRATAS SA via its funds
59. ABENGOA S.A. via its funds ES - 0.24 1 - FS 06/2012
60. ADVEO GROUP INTERNATIONAL, S.A. via ES - 0.24 1 - FS 03/2012
its funds
61. CEMENTOS PORTLAND VALDERRIVAS S.A. ES - 0.24 1 - FS 03/2012
via its funds
62. PROMOTORA DE INFORMACIONES SA ES - 0.24 1 - FS 06/2012
(PRISA) via its funds
63. TECNICAS REUNIDAS, S.A. via its funds ES - 0.24 1 - FS 06/2012
64. GENERAL DE ALQUILER DE MAQUINARIA ES - 0.23 1 - FS 06/2012
SA via its funds
65. LET'S GOWEX, S.A. via its funds ES - 0.23 1 - FS 03/2012
66. PAPELES Y CARTONES DE EUROPA S.A. via ES - 0.23 1 - FS 06/2012
its funds
67. ACERINOX SA via its funds ES - 0.22 1 - FS 06/2012
68. FUKUDA DENSHI CO LTD via its funds JP - 0.22 1 - FS 06/2012
69. WATABE WEDDING CORPORATION via its JP - 0.22 1 - FS 06/2012
funds
70. AFRICAN QUEEN MINES LTD via its funds CA - 0.21 1 - FS 06/2012
71. KYOTO KIMONO YUZEN CO LTD via its JP - 0.21 1 - FS 06/2012
funds
72. FAES FARMA SA via its funds ES - 0.20 1 - FS 06/2012
73. URANIUM PARTICIPATION CORPORATION CA - 0.20 1 - FS 06/2012
via its funds
74. ADOLFO DOMINGUEZ S.A. via its funds ES - 0.19 1 - FS 03/2012
75. ENAGAS, S.A. via its funds ES - 0.19 1 - FS 06/2012
76. MEDIASET ESPAÑA COMUNICACION, S.A. ES - 0.19 1 - FS 06/2012
via its funds
77. STERLING ENERGY PLC via its funds GB - 0.19 1 - FS 04/2012
78. GAMESA CORPORACION TECNOLOGICA SA ES - 0.18 1 - FS 06/2012
via its funds
79. MEDIKIT CO., LTD. via its funds JP - 0.18 1 - FS 06/2012
80. MIQUEL Y COSTAS & MIQUEL SA - MCM via ES - 0.18 1 - FS 03/2012
its funds
81. ENCE ENERGIA Y CELULOSA S.A. via its ES - 0.17 1 - FS 06/2012
funds
82. GRUPO TAVEX, S.A. via its funds ES - 0.17 1 - FS 03/2012
83. TSURUMI MANUFACTURING CO LTD via its JP - 0.17 1 - FS 06/2012
funds
84. THOMAS COOK GROUP PLC via its funds GB - 0.16 1 - FS 08/2012
85. SALAMANDER ENERGY PLC via its funds GB - 0.15 1 - FS 03/2012
86. AMADEUS IT HOLDING, S.A. via its funds ES - 0.14 1 - FS 06/2012
87. EXCELSIOR MINING CORP. via its funds CA - 0.14 1 - FS 06/2012
88. VIDRALA SA via its funds ES - 0.14 1 - FS 06/2012
89. IBERPAPEL GESTION S.A. via its funds ES - 0.13 1 - FS 06/2012
90. SOTOGRANDE S.A. via its funds ES - 0.13 1 - FS 06/2012
91. TUBACEX S.A. via its funds ES - 0.13 1 - FS 06/2012
92. LABORATORIOS FARMACEUTICOS ROVI SA ES - 0.12 1 - FS 06/2012
via its funds
93. SACYR VALLEHERMOSO, S.A. via its funds ES - 0.11 1 - FS 06/2012
94. GRUPO AMPER SA via its funds ES - 0.10 1 - FS 03/2012
95. STRATHMORE MINERALS CORP. via its CA - 0.10 1 - FS 06/2012
funds
96. FRIA LUZ DEL DIA AIE ES - n.a. 1 - IP 03/2012
97. GRUPO INDUSTRIAL CATENSA, SA ES - n.a. 1 - IP 08/2012
98. INMOBILIARIA COLONIAL, S.A. ES - n.a. 1 - IP 09/2011
99. MOBIPAY ESPAÑA SA ES - n.a. 1 - IP 03/2012
100. SOCIEDAD ESPAÑOLA DE SISTEMAS DE ES - n.a. 1 - IP 03/2012
PAGO, SA
First 100 out of 101 subsidiaries.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
94 69
75 40
.es
pe)
ager for more
Watch
7.80
7.95
7.88
7.40
8.13
8.35
8.50
8.06
8.53
9.45
9.22
9.25
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
Pza San Marcelo 5, (Ed Botines de Gaudi) Phone number +34 98 7292500
Fax number +34 98 7231026
24002 LEON
SPAIN
Bank History :
In October 2010, Caja Espana de Inversiones Salamanca y Soria Caja de Ahorros y Monte de Piedad was created by the
merger of Caja Espana de Inversiones - Caja Espana and Caja de Ahorros de Salamanca y Soria - Caja Duero.
Status Active Consolidation Code C1
Accounting Standards International Financial Nickname ESPSORC
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 10/4/2012
BvD indep. indicator U Model ALLBANKS
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 25,374.0 26,787.5
Gross Loans 26,631.1 28,433.2
Less: Reserves for Impaired Loans/ NPLs 1,257.1 1,645.7
Other Earning Assets 12,914.5 15,784.0
Loans and Advances to Banks 866.0 286.4
Derivatives 243.3 258.1
Other Securities 11,551.8 15,039.2
Remaining earning assets 253.4 200.3
Total Earning Assets 38,288.5 42,571.5
Fixed Assets 668.2 788.7
Non-Earning Assets 3,380.1 2,350.4
Total Assets 42,336.8 45,710.6
INCOME STATEMENT
Unqualified Unqualified
Original Original
31/12/2011 31/12/201
12 months 12 months 0
mil EUR mil EUR
Net Interest Revenue 481.1 452.1
Other Operating Income 196.0 326.1
Net Gains (Losses) on Trading and Derivatives 3.2 4.6
Net Gains (Losses) on Assets at FV through Income 0.0 0.0
Statement
Net Fees and Commissions 138.2 108.9
Remaining Operating Income 54.6 212.6
Overheads 401.8 430.1
Loan Loss Provisions 61.5 38.9
Other -189.1 -254.7
Profit before Tax 24.7 54.5
Tax -4.4 5.7
Net Income 28.7 47.1
Operating Income (Memo) 685.1 777.0
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a.
Other Mortgage Loans n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a.
Corporate & Commercial Loans n.a. n.a.
Other Loans 26,631.1 28,433.2
Less: Reserves for Impaired Loans/ NPLs 1,257.1 1,645.7
Net Loans 25,374.0 26,787.5
Gross Loans 26,631.1 28,433.2
Memo: Impaired Loans included above 2,123.0 2,736.6
Memo: Loans at Fair Value included above n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 866.0 286.4
Reverse Repos and Cash Collateral n.a. 0.0
Trading Securities and at FV through Income 67.5 33.1
Derivatives 243.3 258.1
Available for Sale Securities 3,268.1 5,448.3
Held to Maturity Securities 5,508.0 5,898.4
At-equity Investments in Associates 329.1 244.6
Other Securities 2,379.1 3,414.8
Total Securities 11,795.1 15,297.3
Memo: Government Securities included Above 5,497.7 6,730.4
Memo: Total Securities Pledged n.a. n.a.
Investments in Property 247.5 194.7
Insurance Assets 5.9 5.6
Other Earning Assets n.a. n.a.
Total Earning Assets 38,288.5 42,571.5
Non-earning Assets
Cash and Due From Banks 787.1 416.8
Memo: Mandatory Reserves included above n.a. n.a.
Foreclosed Real Estate 1,278.8 727.0
Fixed Assets 668.2 788.7
Goodwill 0.4 89.7
Other Intangibles 1.5 0.9
Current Tax Assets 75.8 37.6
Deferred Tax Assets 863.5 716.5
Discontinued Operations 15.9 48.4
Other Assets 357.1 313.5
Total Assets 42,336.8 45,710.6
Interest-bearing Liabilities
Customer Deposits - Current 4,254.2 3,804.5
Customer Deposits - Savings 5,631.1 5,891.3
Customer Deposits - Term 20,545.7 10,825.1
Total Customer Deposits 30,431.0 20,520.9
Deposits from Banks 1,457.6 747.4
Repos and Cash Collateral n.a. 5,355.0
Other Deposits and Short-term Borrowings 3,498.4 3,824.2
Total Deposits, Money Market and Short-term Funding 35,387.0 30,447.5
Senior Debt Maturing after 1 Year n.a. 1,710.6
Subordinated Borrowing 1,966.0 996.0
Other Funding n.a. 8,824.4
Total Long Term Funding 1,966.0 11,531.0
Derivatives 52.9 160.0
Trading Liabilities n.a. n.a.
Total Funding 37,405.9 42,138.5
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a.
Credit impairment reserves n.a. n.a.
Reserves for Pensions and Other 226.1 343.7
Current Tax Liabilities 4.3 6.9
Deferred Tax Liabilities 110.4 137.5
Other Deferred Liabilities n.a. n.a.
Discontinued Operations 37.1 40.1
Insurance Liabilities 31.8 28.4
Other Liabilities 209.0 287.5
Total Liabilities 38,024.6 42,982.6
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as Debt 2,880.0 1,003.2
Pref. Shares and Hybrid Capital accounted for as Equity n.a. n.a.
Equity
Common Equity 1,516.3 1,802.3
Non-controlling Interest -0.5 0.9
Securities Revaluation Reserves -83.6 -62.5
Foreign Exchange Revaluation Reserves n.a. -1.1
Fixed Asset Revaluations and Other Accumulated OCI n.a. -14.8
Total Equity 1,432.2 1,724.8
Total Liabilities and Equity 42,336.8 45,710.6
Memo: Fitch Core Capital 1,086.7 n.a.
Memo: Fitch Eligible Capital 1,552.4 n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.05 n.a.
Interest Expense on Customer Deposits/ Average 2.67 n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.29 n.a.
Interest Expense/ Average Interest-bearing Liabilities% 2.12 n.a.
Net Interest Income/ Average Earning Assets% 1.19 n.a.
Net Int. Inc Less Loan Impairment Charges/ Av. Earning 1.04 n.a.
Assets%
Net Interest Inc Less Preferred Stock Dividend/ Average 1.19 n.a.
Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 29.78 41.81
Non-Interest Expense/ Gross Revenues% 58.65 55.35
Non-Interest Expense/ Average Assets% 0.91 n.a.
Pre-impairment Op. Profit/ Average Equity% 16.80 n.a.
Pre-impairment Op. Profit/ Average Total Assets% 0.62 n.a.
Loans and securities impairment charges/ Pre-impairment 36.00 12.09
Op. Profit%
Operating Profit/ Average Equity% 10.75 n.a.
Operating Profit/ Average Total Assets% 0.40 n.a.
Taxes/ Pre-tax Profit% -17.81 10.46
Pre-Impairment Operating Profit / Risk Weighted Assets% n.a. 1.38
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance Sheet n.a. n.a.
Other off-balance sheet exposure to securitizations n.a. n.a.
Guarantees 982.1 1,138.1
Acceptances and documentary credits reported off- n.a. n.a.
balance sheet
Committed Credit Lines n.a. n.a.
Other Contingent Liabilities 3,303.5 3,711.8
Total Business Volume 46,622.4 50,560.5
Memo: Total Weighted Risks n.a. 25,250.8
Fitch Adjustments to Weighted Risks. n.a. n.a.
Fitch Adjusted Weighted Risks n.a. 25,250.8
Average Balance Sheet
Average Loans 27,787.6 n.a.
Average Earning Assets 40,509.9 n.a.
Average Assets 44,083.8 n.a.
Average Managed Assets Securitized Assets (OBS) n.a. n.a.
Average Interest-Bearing Liabilities 40,054.7 n.a.
Average Common equity 1,718.9 n.a.
Average Equity 1,639.0 n.a.
Average Customer Deposits 24,734.9 n.a.
Maturities
Loans & Advances < 3 months n.a. n.a.
Loans & Advances 3 - 12 Months n.a. n.a.
Loans and Advances 1 - 5 Years n.a. n.a.
Loans & Advances > 5 years n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a.
Trading Assets - Equities n.a. n.a.
Trading Assets - Commodities n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Governments
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Banks
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Corporates
Debt Securities designated at FV through the Income n.a. n.a.
Statement - Structured
Equity Securities designated at FV through the Income n.a. n.a.
Statement
Loans at FV through the Income Statement n.a. n.a.
Trading Assets - Other n.a. n.a.
Total Trading Assets at FV through the Income Statement n.a. n.a.
Ratios
Capital
Tier 1 Ratio n.a. 10.12
Total Capital Ratio n.a. 14.63
Equity / Tot Assets 3.38 3.77
Equity / Net Loans 5.64 6.44
Equity / Cust & Short Term Funding 4.05 5.67
Equity / Liabilities 3.97 4.11
Cap Funds / Tot Assets 14.83 8.15
Cap Funds / Net Loans 24.74 13.90
Cap Funds / Dep & ST Funding 17.74 12.23
Cap Funds / Liabilities 17.41 8.87
Subord Debt / Cap Funds 31.32 26.75
Operations
Net Interest Margin 1.19 1.06
Net Int Rev / Avg Assets 1.09 0.99
Oth Op Inc / Avg Assets 0.45 0.71
Non Int Exp / Avg Assets 1.05 1.03
Pre-Tax Op Inc / Avg Assets 0.49 0.68
Non Op Items & Taxes / Avg Ast -0.42 -0.57
Return On Avg Assets (ROAA) 0.07 0.10
Return On Avg Equity (ROAE) 1.82 2.73
Dividend Pay-Out n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a.
Non Op Items / Net Income -658.89 -540.76
Cost To Income Ratio 59.34 55.27
Recurring Earning Power 0.63 0.76
Liquidity
Interbank Ratio 59.41 4.69
Net Loans / Tot Assets 59.93 58.60
Net Loans / Dep & ST Funding 71.70 87.98
Net Loans / Tot Dep & Bor 71.60 65.11
Liquid Assets / Dep & ST Funding 4.86 2.42
Liquid Assets / Tot Dep & Bor 4.86 1.79
Date News
1 14/03/2012 Loomis acquires Efectivox (deal no. 1601328179)
2 08/09/2011 Unicaja plans to go ahead with Caja España-Duero merger (deal
no. 1601315279)
3 05/09/2011 Caja España de Inversiones approves the creation of Banco de
Caja España de Inversiones (deal no. 1601254214)
4 29/07/2011 Caja España-Duero to transfer all or part of business into new
bank (deal no. 1601259778)
5 29/04/2011 Caja España-Duero to transfer stake in Madrigal to new bank to
be created with Unicaja (deal no. 1601267235)
6 15/03/2011 Banco Mare Nostrum and Caja España-Caja Duero merger
negotiations end (deal no. 1601251599)
7 11/02/2011 Caja Duero-Espana considering floating (deal no. 1601253968)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
iedad-Caja
00
26
created by the
uero.
nager for more
Watch
Bank information
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
- n.a. n.a.
- n.a. n.a.
ð n.a. n.a.
- <0,5 n.a.
ð 1.0 n.a.
- 139.0 97.0
- n.a. n.a.
ð - -
ð n.a. n.a.
ð 4.0 1.0
- n.a. n.a.
- 164.0 16.0
ð 27.0 70.0
ð 3.0 180.0
ö 8.0 n.a.
- 747.0 1,801.0
ð 3.0 23.0
ø 144.0 25.0
- n.a. n.a.
ð n.a. n.a.
ð 94.0 438.0
- 1.0 2.0
ð n.a. n.a.
ð 117.0 1,262.0
- <0,5 8.0
ö 32.0 270.0
- 29.0 2.0
ø 895.0 2,494.0
- 7.0 8.0
ð 2,380.0 4,822.0
- 8.0 25.0
ð n.a. n.a.
ð 9.0 29.0
ð 20.0 380.0
ð 2.0 28.0
ð 371.0 9.0
ø 87.0 50.0
- 66.0 200.0
ø 3.0 8.0
ð <0,5 1.0
ð 3,619.0 3,307.0
ð n.a. n.a.
ð 18.0 398.0
ð 173.0 538.0
ð n.a. n.a.
ð 28.0 161.0
ð n.a. n.a.
ð - -
ð 41,791.0 31,885.0
ð n.a. n.a.
ð 38.0 n.a.
- 239.0 256.0
- 13.0 n.a.
ð 1.0 n.a.
ð n.a. 9.0
ð 2.0 3.0
ø 1.0 15.0
ð n.a. n.a.
- 1.0 7.0
Banca Cívica SA
Contact details
Bank History :
On June 18, 2010, Banca Cívica SA was established by Monte de Piedad y Caja de Ahorros San Fernando de Guadalajara,
Huelva, Jerez y Sevilla; Caja de Ahorros y Monte de Piedad de Navarra - Caja Navarra; Caja General de Ahorros de
Canarias - Caja Canarias and Caja de Ahorros Municipal de Burgos. On August 06, 2011, Banca Cívica SA was absorbed
by Caixabank.
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 49,366.2 50,312.9 53,576.9 55,554.0
Gross Loans 52,069.2 53,708.6 55,285.7 56,998.6
Less: Reserves for Impaired Loans/ NPLs 2,703.0 3,395.7 1,708.8 1,444.6
Other Earning Assets 15,556.2 14,708.2 15,932.4 13,988.2
Loans and Advances to Banks 2,015.7 2,042.0 2,013.3 2,247.6
Derivatives 788.7 784.6 683.4 498.8
Other Securities 12,562.1 11,745.7 12,944.1 11,155.2
Remaining earning assets 189.7 135.9 291.6 86.6
Total Earning Assets 64,922.4 65,021.1 69,509.3 69,542.2
Fixed Assets 1,317.7 1,413.4 1,662.7 1,705.9
Non-Earning Assets 5,587.0 4,939.3 4,765.9 2,705.4
Total Assets 71,827.1 71,373.8 75,937.9 73,953.5
Notes
Impaired Loans (Memo) 4,104.5 3,082.5 2,817.9 2,114.1
Loan Loss Reserves (Memo) 2,751.1 3,505.5 1,708.8 1,444.6
Liquid Assets (Memo) 3,153.4 3,016.2 4,549.9 3,507.0
Intangibles (Memo) 59.7 4.4 142.9 123.0
Off Balance Sheet Items 6,152.2 7,073.3 9,315.8 10,395.6
INCOME STATEMENT
Unqualified Audited Audited Not Audited
Original Proforma Proforma Proforma
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 786.3 1,106.6 1,415.3 1,366.2
Other Operating Income 566.8 472.3 434.4 393.6
Net Gains (Losses) on Trading and Derivatives 42.2 28.5 48.9 -25.8
Net Gains (Losses) on Assets at FV through Income 0.2 0.1 0.3 -1.0
Statement
Net Fees and Commissions 326.4 307.8 317.7 332.7
Remaining Operating Income 198.0 135.9 67.5 87.7
Overheads 1,094.3 1,104.1 1,096.2 1,078.2
Loan Loss Provisions 11.4 0.0 572.9 501.6
Other -13.9 -303.8 123.9 330.9
Profit before Tax 233.5 171.0 304.5 510.9
Tax 49.9 -22.0 -10.8 59.1
Net Income 183.6 193.0 315.3 451.8
Operating Income (Memo) 1,382.2 1,577.1 1,885.8 1,742.0
Net Gains (Losses) on Trading and Derivatives 42.2 28.5 48.9 -25.8
Net Gains (Losses) on Other Securities 77.8 41.5 36.5 16.7
Net Gains (Losses) on Assets at FV through Income 0.2 0.1 0.3 -1.0
Statement
Net Insurance Income n.a. n.a. 0.4 -0.1
Net Fees and Commissions 326.4 307.8 317.7 332.7
Other Operating Income 149.3 92.6 66.7 53.3
Total Non-Interest Operating Income 595.9 470.5 470.5 375.8
Personnel Expenses 630.8 644.0 655.0 659.3
Other Operating Expenses 463.5 460.1 441.2 418.9
Total Non-Interest Expenses 1,094.3 1,104.1 1,096.2 1,078.2
Memo: Net Income after Allocation to Non- 183.5 196.2 313.7 451.7
controlling Interests
Memo: Common Dividends Relating to the Period 18.0 n.a. n.a. n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 52,069.2 53,708.6 55,285.7 56,998.6
Less: Reserves for Impaired Loans/ NPLs 2,703.0 3,395.7 1,708.8 1,444.6
Net Loans 49,366.2 50,312.9 53,576.9 55,554.0
Gross Loans 52,069.2 53,708.6 55,285.7 56,998.6
Memo: Impaired Loans included above 4,104.5 3,082.5 2,817.9 2,114.1
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 2,010.9 1,784.9 2,013.3 2,247.6
Reverse Repos and Cash Collateral 4.8 257.1 n.a. n.a.
Trading Securities and at FV through Income 257.3 65.8 58.0 8.9
Derivatives 788.7 784.6 683.4 498.8
Available for Sale Securities 6,964.3 7,066.5 8,892.8 7,938.5
Held to Maturity Securities 1,294.2 806.1 2,369.9 2,406.4
At-equity Investments in Associates 347.2 327.0 516.5 439.3
Other Securities 3,699.1 3,480.3 1,106.9 362.1
Total Securities 13,355.6 12,787.4 13,627.5 11,654.0
Memo: Government Securities included Above 4,442.5 3,045.0 2,436.2 n.a.
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 189.7 135.6 289.6 85.8
Insurance Assets 0.0 0.3 0.9 0.8
Other Earning Assets n.a. n.a. 1.1 n.a.
Total Earning Assets 64,922.4 65,021.1 69,509.3 69,542.2
Non-earning Assets
Cash and Due From Banks 880.4 908.4 2,478.6 1,250.5
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 1,968.2 1,428.1 864.6 197.2
Fixed Assets 1,317.7 1,413.4 1,662.7 1,705.9
Goodwill 29.8 0.0 29.4 24.9
Other Intangibles 29.9 4.4 113.5 98.1
Current Tax Assets 107.3 154.9 113.6 78.3
Deferred Tax Assets 2,046.6 1,653.2 532.0 537.0
Discontinued Operations 91.2 n.a. n.a. n.a.
Other Assets 433.6 790.3 634.2 519.4
Total Assets 71,827.1 71,373.8 75,937.9 73,953.5
Interest-bearing Liabilities
Customer Deposits - Current 7,947.1 8,458.4 36,361.2 35,809.4
Customer Deposits - Savings 6,205.8 6,371.3 n.a. n.a.
Customer Deposits - Term 21,545.0 20,906.2 n.a. n.a.
Total Customer Deposits 35,697.9 35,735.9 36,361.2 35,809.4
Deposits from Banks 2,647.1 3.9 1,470.1 1,262.2
Repos and Cash Collateral 4,311.3 5,724.4 4,949.3 5,960.4
Other Deposits and Short-term Borrowings 846.2 642.0 1,419.0 3,133.4
Total Deposits, Money Market and Short-term 43,502.5 42,106.2 44,199.6 46,165.4
Funding
Senior Debt Maturing after 1 Year 4,223.2 7,184.3 7,583.6 4,997.3
Subordinated Borrowing 1,139.9 1,053.2 1,287.6 950.7
Other Funding 16,081.3 14,932.0 15,027.5 14,724.3
Total Long Term Funding 21,444.4 23,169.5 23,898.7 20,672.3
Derivatives 404.5 295.7 238.2 206.7
Trading Liabilities n.a. 8.7 n.a. n.a.
Total Funding 65,351.4 65,580.1 68,336.5 67,044.4
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves 48.1 109.8 n.a. n.a.
Reserves for Pensions and Other 414.7 604.4 417.4 372.8
Current Tax Liabilities 26.9 81.0 91.6 63.8
Deferred Tax Liabilities 530.4 333.5 257.8 275.8
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. 43.9 13.0 16.5
Other Liabilities 678.8 903.8 814.8 826.0
Total Liabilities 67,050.3 67,656.5 69,931.1 68,599.3
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 1,901.0 922.1 354.8 220.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. 536.9 287.0
Equity
Equity
Common Equity 3,012.2 2,765.3 4,922.8 4,743.6
Non-controlling Interest 2.3 26.8 28.0 33.0
Securities Revaluation Reserves -126.2 11.4 181.8 81.5
Foreign Exchange Revaluation Reserves -0.1 0.0 n.a. n.a.
Fixed Asset Revaluations and Other Accumulated -12.4 -8.3 -17.5 -10.9
OCI
Total Equity 2,875.8 2,795.2 5,115.1 4,847.2
Total Liabilities and Equity 71,827.1 71,373.8 75,937.9 73,953.5
Memo: Fitch Core Capital 2,356.6 2,752.7 4,958.0 4,717.5
Memo: Fitch Eligible Capital 3,333.6 3,114.7 5,765.8 4,717.5
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.45 n.a. n.a. n.a.
Interest Expense on Customer Deposits/ Average 3.34 n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.54 3.37 4.38 10.23
Interest Expense/ Average Interest-bearing 2.32 1.75 2.41 6.95
Liabilities%
Net Interest Income/ Average Earning Assets% 1.21 1.64 2.04 3.70
Net Int. Inc Less Loan Impairment Charges/ Av. 1.19 1.64 1.21 2.34
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.21 1.64 2.04 3.70
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 43.11 29.83 24.95 21.57
Non-Interest Expense/ Gross Revenues% 79.17 70.01 58.13 61.89
Non-Interest Expense/ Average Assets% 1.52 1.52 1.46 2.77
Pre-impairment Op. Profit/ Average Equity% 8.88 12.43 15.13 21.37
Pre-impairment Op. Profit/ Average Total Assets% 0.36 0.65 1.01 1.75
Loans and securities impairment charges/ Pre- 10.16 0.00 82.00 79.75
impairment Op. Profit%
Operating Profit/ Average Equity% 7.98 12.43 2.72 4.33
Operating Profit/ Average Total Assets% 0.32 0.65 0.18 0.36
Taxes/ Pre-tax Profit% 21.37 -12.87 -3.55 11.57
Pre-Impairment Operating Profit / Risk Weighted 0.60 1.03 1.47 1.30
Assets%
Operating Profit / Risk Weighted Assets% 0.54 1.03 0.26 0.26
Other Profitability Ratios
Net Income/ Average Total Equity% 6.30 5.05 6.33 14.17
Net Income/ Average Total Assets% 0.26 0.27 0.42 1.16
Fitch Comprehensive Income/ Average Total Equity 1.43 0.98 6.33 14.17
%
Fitch Comprehensive Income/ Average Total Assets 0.06 0.05 0.42 1.16
%
Net Income/ Av. Total Assets plus Av. Managed n.a. 0.27 n.a. 1.16
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.43 0.42 0.61 0.86
Fitch Comprehensive Income/ Risk Weighted Assets 0.10 0.08 0.61 0.86
%
Capitalization
Fitch Core Capital/Weighted Risks% 5.47 5.97 9.67 9.00
Fitch Eligible Capital/ Weighted Risks% 7.74 6.76 18.72 15.09
Tangible Common Equity/ Tangible Assets% 3.30 3.89 6.54 6.39
Tier 1 Regulatory Capital Ratio% 11.00 7.45 9.83 8.57
Total Regulatory Capital Ratio% 12.89 9.79 13.61 11.87
Core Tier 1 Regulatory Capital Ratio% 9.01 8.06 n.a. n.a.
Equity/ Total Assets% 4.00 3.92 6.74 6.55
Cash Dividends Paid & Declared/ Net Income% 9.80 n.a. n.a. n.a.
Cash Dividend Paid & Declared/ Fitch 43.06 n.a. n.a. n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 5.76 6.90 6.16 9.32
Loan Quality
Growth of Total Assets% 0.64 -6.01 2.68 n.a.
Growth of Gross Loans% -3.05 -2.85 -3.01 n.a.
Impaired Loans(NPLs)/ Gross Loans% 7.88 5.74 5.10 3.71
Reserves for Impaired Loans/ Gross loans% 5.19 6.32 3.09 2.53
Reserves for Impaired Loans/ Impaired Loans% 65.85 110.16 60.64 68.33
Impaired Loans less Reserves for Imp Loans/ Equity 48.73 -11.20 21.68 13.81
%
Loan Impairment Charges/ Average Gross Loans% 0.02 0.00 1.02 1.65
Net Charge-offs/ Average Gross Loans% n.a. 0.89 0.40 0.74
Impaired Loans + Foreclosed Assets/ Gross Loans + 11.24 8.18 6.56 4.04
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 145.86 150.29 152.05 159.17
Interbank Assets/ Interbank Liabilities% 75.97 n.s. 136.95 178.07
Customer Deposits/ Total Funding excl Derivatives% 54.96 54.74 53.40 53.58
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 6,964.3 7,066.5 8,892.8 7,938.5
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.21 1.65 2.04 1.97
Net Int Rev / Avg Assets 1.10 1.50 1.89 1.85
Oth Op Inc / Avg Assets 0.79 0.64 0.58 0.53
Non Int Exp / Avg Assets 1.54 1.50 2.23 2.14
Pre-Tax Op Inc / Avg Assets 0.35 0.65 0.24 0.24
Non Op Items & Taxes / Avg Ast -0.09 -0.38 0.18 0.37
Return On Avg Assets (ROAA) 0.26 0.26 0.42 0.61
Return On Avg Equity (ROAE) 6.48 4.57 5.85 8.80
Dividend Pay-Out 9.80 n.a. n.a. n.a.
Inc Net Of Dist / Avg Equity 5.84 n.a. n.a. n.a.
Non Op Items / Net Income -7.57 -157.41 39.30 73.24
Cost To Income Ratio 80.87 69.93 59.26 61.27
Recurring Earning Power 0.36 0.65 1.01 0.92
Liquidity
Interbank Ratio 28.97 35.65 31.36 31.12
Net Loans / Tot Assets 68.73 70.49 70.55 75.12
Net Loans / Dep & ST Funding 113.48 119.49 121.22 120.34
Net Loans / Tot Dep & Bor 76.88 77.97 79.91 84.05
Liquid Assets / Dep & ST Funding 7.25 7.16 10.29 7.60
Liquid Assets / Tot Dep & Bor 4.91 4.67 6.79 5.31
All figures have been adjusted based on the Stock split/Dividend ratio.
This company has been delisted since 06/08/2012 (takeover by Caixabank)
General information
Security information
BETA
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 03/08/2012 CaixaBank completes Banca Cívica acquisition (deal no.
1601325852)
2 31/05/2012 Banca Cívica issues convertible bonds (deal no. 1601375060)
3 20/04/2012 Bolton Group International acquires a stake in Luis Calvo Sanz
(deal no. 1601363500)
4 14/03/2012 Loomis acquires Efectivox (deal no. 1601328179)
5 30/12/2011 Banco Cívica and Banco Mare Nostrum acquire a stake in Deoleo
(deal no. 1601331153)
6 17/11/2011 Banca Cívica may sell its stake in Calvo Conservas (deal no.
1601334200)
7 21/07/2011 Banca Civica completes IPO (deal no. 1601190536)
8 21/06/2011 Banca Cívica completes incorporation of the 4 Caja's assets (deal
no. 1601228195)
9 03/06/2011 Banca Civica to sell some branches to raise funds (deal no.
1601276867)
10 28/02/2011 Banca Cívica sells stake in AC Hotels (deal no. 1601253777)
11 11/02/2011 FROB subscribes to preferred shares in Banca Cívica (deal no.
1601246495)
12 08/02/2011 Banca Cívica completes preferred share issue (deal no.
1601240826)
13 07/12/2010 Mr Ramchand Bhavnani in talks with Banca Civica (deal no.
1601253432)
14 23/07/2010 JC Flowers backs Banca Cívica (deal no. 1601205363)
15 23/07/2010 JC Flowers reconsidering Banca Civica investment (deal no.
1601210612)
16 18/06/2010 Caja Navarra, Caja Canarias and Caja de Burgos form Banca
Cívica (deal no. 1601151606)
17 21/05/2010 Banca Cívica for IPO (deal no. 1601190536)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
09
98
de Guadalajara,
horros de
was absorbed
ager for more
Watch
revious and
Caja de Ahorros y Monte de Piedad de Zaragoza, Aragon y Rioja-Ibercaja
Contact details
Bank History :
Established in 1876. On October 1, 2011 Ibercaja Banco SAU acquired banking business of Caja de Ahorros y Monte de
Piedad de Zaragoza, Aragon y Rioja.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname CAJZARCI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 6/6/2012
Types of accounts Cons., Uncons., Add. Cons. Model ALLBANKS
available & Add. Uncons.
BvD indep. indicator U
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 33,035.7 33,016.5 33,356.3 32,371.7
Gross Loans 33,844.2 33,776.2 34,212.5 33,083.9
Less: Reserves for Impaired Loans/ NPLs 808.5 759.7 856.2 712.2
Other Earning Assets 9,641.2 9,796.1 8,221.5 7,004.6
Loans and Advances to Banks n.a. 1,058.9 796.6 442.1
Derivatives 763.7 501.5 464.5 356.1
Other Securities 8,753.3 8,111.1 6,854.5 6,106.3
Remaining earning assets 124.2 124.6 105.9 100.1
Total Earning Assets 42,676.9 42,812.6 41,577.8 39,376.3
Fixed Assets 686.9 713.2 729.0 688.5
Non-Earning Assets 1,873.3 1,463.0 2,384.2 4,001.6
Total Assets 45,237.1 44,988.8 44,691.0 44,066.4
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 510.7 548.0 694.2 667.8
Other Operating Income 319.5 298.1 299.5 293.1
Net Gains (Losses) on Trading and Derivatives 3.5 4.8 11.7 -6.1
Net Gains (Losses) on Assets at FV through Income 46.1 36.0 40.6 0.7
Statement
Net Fees and Commissions 231.2 229.2 204.6 208.4
Remaining Operating Income 38.7 28.1 42.6 90.1
Overheads 489.8 519.7 600.8 556.1
Loan Loss Provisions 214.2 103.6 173.8 153.8
Other -56.6 -89.3 -37.6 23.0
Profit before Tax 69.6 133.5 181.5 274.0
Tax 12.8 32.3 38.5 54.2
Net Income 56.8 101.2 143.0 219.8
Operating Income (Memo) 838.7 865.7 1,014.4 963.4
Net Gains (Losses) on Trading and Derivatives 3.5 4.8 11.7 -6.1
Net Gains (Losses) on Other Securities -4.3 5.0 23.7 55.7
Net Gains (Losses) on Assets at FV through Income 46.1 36.0 40.6 0.7
Statement
Net Insurance Income 1.0 -1.1 -0.5 1.3
Net Fees and Commissions 231.2 229.2 204.6 208.4
Other Operating Income 50.5 43.8 40.1 35.6
Total Non-Interest Operating Income 328.0 317.7 320.2 295.6
Personnel Expenses 327.9 326.2 319.8 322.7
Other Operating Expenses 161.9 193.5 281.0 233.4
Total Non-Interest Expenses 489.8 519.7 600.8 556.1
Memo: Net Income after Allocation to Non- 56.8 103.6 143.7 219.7
controlling Interests
Memo: Common Dividends Relating to the Period n.a. n.a. n.a. n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 33,844.2 33,776.2 34,212.5 33,083.9
Less: Reserves for Impaired Loans/ NPLs 808.5 759.7 856.2 712.2
Net Loans 33,035.7 33,016.5 33,356.3 32,371.7
Gross Loans 33,844.2 33,776.2 34,212.5 33,083.9
Memo: Impaired Loans included above 1,369.7 1,240.1 1,145.5 719.4
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks n.a. 511.5 796.6 442.1
Reverse Repos and Cash Collateral n.a. 547.4 n.a. n.a.
Trading Securities and at FV through Income 126.0 130.3 143.5 92.6
Derivatives 763.7 501.5 464.5 356.1
Available for Sale Securities 6,163.9 5,832.8 4,609.3 3,904.1
Held to Maturity Securities 2,247.6 1,718.4 1,605.1 1,612.2
At-equity Investments in Associates 214.8 222.2 244.3 175.6
Other Securities 1.0 207.4 252.3 321.8
Total Securities 9,517.0 9,160.0 7,319.0 6,462.4
Memo: Government Securities included Above n.a. 3,314.3 1,271.3 1,012.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 123.7 123.9 105.3 100.1
Insurance Assets 0.5 0.7 0.6 0.0
Other Earning Assets n.a. 0.0 0.0 0.0
Total Earning Assets 42,676.9 42,812.6 41,577.8 39,376.3
Non-earning Assets
Cash and Due From Banks 527.9 427.0 1,404.6 3,323.7
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 625.9 673.0 385.8 187.0
Fixed Assets 686.9 713.2 729.0 688.5
Goodwill n.a. n.a. 0.0 0.0
Other Intangibles 18.4 25.3 29.5 27.9
Current Tax Assets 20.4 13.8 35.2 58.7
Deferred Tax Assets 320.7 251.5 226.3 224.7
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 360.0 72.4 302.8 179.6
Total Assets 45,237.1 44,988.8 44,691.0 44,066.4
Interest-bearing Liabilities
Customer Deposits - Current 5,868.3 6,809.5 6,226.7 5,622.6
Customer Deposits - Savings 3,375.1 3,392.6 3,438.9 2,646.3
Customer Deposits - Term 13,022.2 13,046.2 13,364.9 13,936.8
Total Customer Deposits 22,265.6 23,248.3 23,030.5 22,205.7
Deposits from Banks 1,224.5 1,143.4 1,289.9 1,017.6
Repos and Cash Collateral 1,636.8 1,913.4 n.a. n.a.
Other Deposits and Short-term Borrowings 687.3 223.7 1,491.2 2,411.7
Total Deposits, Money Market and Short-term 25,814.2 26,528.8 25,811.6 25,635.0
Funding
Senior Debt Maturing after 1 Year 10,581.0 10,245.6 10,681.3 11,026.9
Subordinated Borrowing 627.2 626.2 625.7 691.9
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 11,208.2 10,871.8 11,307.0 11,718.8
Derivatives 235.5 196.0 133.7 141.8
Trading Liabilities n.a. n.a. 0.0 0.0
Total Funding 37,257.9 37,596.6 37,252.3 37,495.6
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves 8.2 9.8 22.0 29.1
Reserves for Pensions and Other 154.4 241.1 339.7 301.3
Current Tax Liabilities 35.4 23.6 10.2 12.7
Deferred Tax Liabilities 128.4 137.5 146.0 104.3
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 4,405.0 3,686.8 3,580.8 3,064.6
Other Liabilities 389.8 413.1 485.8 388.9
Total Liabilities 42,379.1 42,108.5 41,836.8 41,396.5
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. 0.0 0.0 0.0
Debt
Pref. Shares and Hybrid Capital accounted for as 150.0 150.0 150.0 150.0
Equity
Equity
Common Equity 2,751.4 2,718.5 2,591.2 2,523.3
Non-controlling Interest 6.5 5.8 10.5 6.7
Securities Revaluation Reserves -49.9 6.0 102.5 -10.1
Foreign Exchange Revaluation Reserves n.a. n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. n.a.
OCI
Total Equity 2,708.0 2,730.3 2,704.2 2,519.9
Total Liabilities and Equity 45,237.1 44,988.8 44,691.0 44,066.4
Memo: Fitch Core Capital 2,497.3 2,705.0 2,674.7 2,492.0
Memo: Fitch Eligible Capital 2,497.3 2,780.0 2,824.7 2,642.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 2.77 2.43 3.89 5.51
Interest Expense on Customer Deposits/ Average 2.37 2.32 2.90 3.90
Customer Deposits%
Interest Income/ Average Earning Assets% 2.94 2.63 3.95 5.46
Interest Expense/ Average Interest-bearing 1.98 1.51 2.42 4.17
Liabilities%
Net Interest Income/ Average Earning Assets% 1.20 1.29 1.72 1.65
Net Int. Inc Less Loan Impairment Charges/ Av. 0.70 1.05 1.29 1.27
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.20 1.29 1.72 1.65
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 39.11 36.70 31.57 30.68
Non-Interest Expense/ Gross Revenues% 58.40 60.03 59.23 57.72
Non-Interest Expense/ Average Assets% 1.09 1.16 1.36 1.28
Pre-impairment Op. Profit/ Average Equity% 12.44 12.06 15.11 15.68
Pre-impairment Op. Profit/ Average Total Assets% 0.76 0.73 0.89 0.93
Loans and securities impairment charges/ Pre- 72.65 37.81 47.80 44.76
impairment Op. Profit%
Operating Profit/ Average Equity% 3.40 7.50 7.89 8.66
Operating Profit/ Average Total Assets% 0.21 0.45 0.46 0.51
Taxes/ Pre-tax Profit% 18.39 24.19 21.21 19.78
Pre-Impairment Operating Profit / Risk Weighted 1.52 1.37 1.55 1.61
Assets%
Operating Profit / Risk Weighted Assets% 0.41 0.85 0.81 0.89
Other Profitability Ratios
Net Income/ Average Total Equity% 2.08 3.74 5.50 8.51
Net Income/ Average Total Assets% 0.13 0.23 0.32 0.50
Fitch Comprehensive Income/ Average Total Equity 0.28 2.43 8.75 -2.67
%
Fitch Comprehensive Income/ Average Total Assets 0.02 0.15 0.52 -0.16
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.25 0.43 0.56 0.88
Fitch Comprehensive Income/ Risk Weighted Assets 0.03 0.28 0.90 -0.27
%
Capitalization
Fitch Core Capital/Weighted Risks% 11.12 11.38 10.52 9.94
Fitch Eligible Capital/ Weighted Risks% 11.12 11.69 11.11 10.54
Tangible Common Equity/ Tangible Assets% 5.95 6.02 5.99 5.66
Tier 1 Regulatory Capital Ratio% 11.01 10.30 9.32 8.87
Total Regulatory Capital Ratio% 14.30 14.25 13.52 13.29
Core Tier 1 Regulatory Capital Ratio% 10.91 9.67 8.73 n.a.
Equity/ Total Assets% 5.99 6.07 6.05 5.72
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. n.a. n.a.
Cash Dividend Paid & Declared/ Fitch n.a. n.a. n.a. n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 2.10 3.71 5.29 8.72
Loan Quality
Growth of Total Assets% 0.55 0.67 1.42 2.46
Growth of Gross Loans% 0.20 -1.28 3.41 4.65
Impaired Loans(NPLs)/ Gross Loans% 4.05 3.67 3.35 2.17
Reserves for Impaired Loans/ Gross loans% 2.39 2.25 2.50 2.15
Reserves for Impaired Loans/ Impaired Loans% 59.03 61.26 74.74 99.00
Impaired Loans less Reserves for Imp Loans/ Equity 20.72 17.60 10.70 0.29
%
Loan Impairment Charges/ Average Gross Loans% 0.64 0.30 0.52 0.48
Net Charge-offs/ Average Gross Loans% -0.65 n.a. n.a. n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + 5.79 5.55 4.43 2.72
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 152.00 145.28 148.55 148.99
Interbank Assets/ Interbank Liabilities% n.a. 4.66 61.76 43.45
Customer Deposits/ Total Funding excl Derivatives% 60.14 62.16 62.05 59.45
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 12.9
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. 12.9
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 2,188.6
breakdown)
AFS Assets - Government n.a. n.a. n.a. 1,175.1
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 540.4
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 6,163.9 5,832.8 4,609.3 3,904.1
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 350.3
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.20 1.30 1.72 1.68
Net Int Rev / Avg Assets 1.13 1.22 1.56 1.53
Oth Op Inc / Avg Assets 0.71 0.67 0.68 0.67
Non Int Exp / Avg Assets 1.56 1.39 1.75 1.63
Pre-Tax Op Inc / Avg Assets 0.28 0.50 0.49 0.58
Non Op Items & Taxes / Avg Ast -0.15 -0.27 -0.17 -0.07
Return On Avg Assets (ROAA) 0.13 0.23 0.32 0.51
Return On Avg Equity (ROAE) 1.98 3.53 5.18 8.04
Dividend Pay-Out n.a. n.a. n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a. n.a. n.a.
Non Op Items / Net Income -99.65 -88.24 -26.29 10.46
Cost To Income Ratio 59.00 61.42 60.46 57.87
Recurring Earning Power 0.76 0.73 0.89 0.93
Liquidity
Interbank Ratio n.a. 34.64 61.76 43.45
Net Loans / Tot Assets 73.03 73.39 74.64 73.46
Net Loans / Dep & ST Funding 127.98 124.46 129.23 126.28
Net Loans / Tot Dep & Bor 90.19 89.31 91.07 87.96
Liquid Assets / Dep & ST Funding 2.53 6.09 9.08 15.05
Liquid Assets / Tot Dep & Bor 1.79 4.37 6.40 10.48
Date News
1 29/02/2012 Ibercaja may now merge with Cajatres and Liberbank as oppose
to acquisition deal: Liberbank's board approves transaction (deal
no. 1601315289)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
Level
Coun Direct Total Source Date of
Subsidiary name of Status
- try (%) (%) ident. info.
own.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
76 76
18 47
s
os y Monte de
ager for more
Watch
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
09/2011 ð - -
09/2011 ö - -
Contact details
Bank History :
Established on March 18, 1991 as the result of the merger between Monte de Piedad y Caja de Ahorros de Ronda, Monte
de Piedad y Caja de Ahorros de Almeria, Caja de Ahorros y Monte Piedad de Cadiz, Caja de Ahorros Provincial de Malaga,
Caja de Ahorros y Prestamos de Antequena. In June 2010, Unicaja - Montes de Piedad y Caja de Ahorros de Ronda,
Cadiz, Almeria, Malaga Y Antequera merged with Caja Provincial de Ahorros de Jaén to form Montes de Piedad y Caja de
Ahorros de Ronda, Cadiz, Almeria, Malaga, Antequera y Jaen..
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 21,859.6 22,250.5 23,052.0 24,025.0
Gross Loans 22,723.5 23,297.0 24,028.7 24,865.3
Less: Reserves for Impaired Loans/ NPLs 863.9 1,046.5 976.7 840.3
Other Earning Assets 13,290.3 9,656.5 8,508.2 6,194.3
Loans and Advances to Banks 5,398.0 1,797.9 1,560.3 1,547.1
Derivatives 671.2 420.8 321.0 244.8
Other Securities 7,099.0 7,248.6 6,456.4 4,272.7
Remaining earning assets 122.1 189.2 170.5 129.7
Total Earning Assets 35,149.9 31,907.0 31,560.2 30,219.3
Fixed Assets 622.9 714.3 729.9 750.3
Non-Earning Assets 2,382.6 1,722.5 1,894.8 1,186.1
Total Assets 38,155.4 34,343.8 34,184.9 32,155.7
Notes
Impaired Loans (Memo) 1,297.2 661.3 755.2 553.1
Loan Loss Reserves (Memo) 863.9 1,046.5 976.7 840.3
Liquid Assets (Memo) 6,154.2 2,178.5 2,624.6 2,120.5
Intangibles (Memo) 46.2 48.2 49.8 50.0
Off Balance Sheet Items n.a. 3,886.8 4,635.6 6,025.8
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 544.1 697.7 801.0 714.4
Other Operating Income 181.2 201.8 208.2 210.8
Net Gains (Losses) on Trading and Derivatives 1.0 0.3 3.8 0.5
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Fees and Commissions 127.8 124.0 126.4 134.2
Remaining Operating Income 52.4 77.5 78.0 76.1
Overheads 465.5 506.5 480.6 480.8
Loan Loss Provisions 55.9 206.0 342.4 259.9
Other -82.6 -31.0 44.9 153.3
Profit before Tax 121.3 156.0 231.1 337.8
Tax 15.8 4.8 26.3 51.7
Net Income 105.5 151.2 204.8 286.1
Operating Income (Memo) 703.1 853.3 954.8 871.1
Net Gains (Losses) on Trading and Derivatives 1.0 0.3 3.8 0.5
Net Gains (Losses) on Other Securities 8.3 11.4 13.5 4.6
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions 127.8 124.0 126.4 134.2
Other Operating Income 21.9 19.9 10.1 17.4
Total Non-Interest Operating Income 159.0 155.6 153.8 156.7
Personnel Expenses 283.1 303.6 288.7 286.3
Other Operating Expenses 182.4 202.9 191.9 194.5
Total Non-Interest Expenses 465.5 506.5 480.6 480.8
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 22,723.5 23,297.0 24,028.7 24,865.3
Less: Reserves for Impaired Loans/ NPLs 863.9 1,046.5 976.7 840.3
Net Loans 21,859.6 22,250.5 23,052.0 24,025.0
Gross Loans 22,723.5 23,297.0 24,028.7 24,865.3
Memo: Impaired Loans included above 1,297.2 661.3 755.2 553.1
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 2,429.7 890.8 657.6 1,176.0
Reverse Repos and Cash Collateral 2,968.3 907.1 902.7 371.1
Trading Securities and at FV through Income 48.3 43.7 135.5 63.9
Derivatives 671.2 420.8 321.0 244.8
Available for Sale Securities 4,595.7 5,798.6 5,080.8 4,045.7
Held to Maturity Securities 1,132.2 0.0 0.0 n.a.
At-equity Investments in Associates 354.7 368.4 211.4 163.1
Other Securities 968.1 1,037.9 1,028.7 n.a.
Total Securities 10,738.5 8,576.5 7,680.1 4,888.6
Memo: Government Securities included Above n.a. n.a. 1,537.4 1,029.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. 65.1 42.7 n.a.
Insurance Assets 122.1 124.1 127.8 129.7
Other Earning Assets n.a. n.a. n.a. n.a.
Total Earning Assets 35,149.9 31,907.0 31,560.2 30,219.3
Non-earning Assets
Cash and Due From Banks 707.9 336.9 928.8 509.5
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 928.4 689.3 448.6 272.0
Fixed Assets 622.9 714.3 729.9 750.3
Goodwill 42.0 43.9 45.8 47.7
Other Intangibles 4.2 4.3 4.0 2.3
Current Tax Assets 13.5 70.3 19.4 42.7
Deferred Tax Assets 421.6 413.9 310.9 244.7
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 265.0 163.9 137.3 67.2
Total Assets 38,155.4 34,343.8 34,184.9 32,155.7
Interest-bearing Liabilities
Customer Deposits - Current n.a. n.a. 3,501.5 3,775.3
Customer Deposits - Savings n.a. n.a. 4,703.8 4,448.8
Customer Deposits - Term 15,495.5 15,687.8 6,794.5 7,387.2
Total Customer Deposits 15,495.5 15,687.8 14,999.8 15,611.3
Deposits from Banks 446.6 384.3 291.7 145.4
Repos and Cash Collateral 4,510.1 3,547.6 2,698.2 2,435.2
Other Deposits and Short-term Borrowings 275.8 160.1 1,244.0 1,198.1
Total Deposits, Money Market and Short-term 20,728.0 19,779.8 19,233.7 19,390.0
Funding
Senior Debt Maturing after 1 Year 932.0 1,219.2 1,926.8 1,498.7
Subordinated Borrowing 233.6 257.3 237.6 237.2
Other Funding 12,384.2 9,153.1 8,593.9 7,213.9
Total Long Term Funding 13,549.8 10,629.6 10,758.3 8,949.8
Derivatives 56.3 53.2 39.2 22.9
Trading Liabilities n.a. n.a. n.a. n.a.
Total Funding 34,334.1 30,462.6 30,031.2 28,362.7
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 343.1 312.7 323.9 314.6
Current Tax Liabilities 9.6 36.1 41.5 20.9
Deferred Tax Liabilities 61.9 70.0 161.0 159.1
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 7.7 8.4 8.8 8.7
Other Liabilities 853.0 800.8 710.7 565.8
Total Liabilities 35,609.4 31,690.6 31,277.1 29,431.8
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. 0.0 0.0 0.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. 0.0 0.0 0.0
Equity
Equity
Common Equity 2,628.2 2,788.3 2,824.1 2,657.8
Non-controlling Interest 3.6 0.3 0.3 0.0
Securities Revaluation Reserves -43.6 -103.1 89.3 62.9
Foreign Exchange Revaluation Reserves n.a. -3.2 -11.2 -12.5
Fixed Asset Revaluations and Other Accumulated -42.2 -29.1 5.3 15.7
OCI
Total Equity 2,546.0 2,653.2 2,907.8 2,723.9
Total Liabilities and Equity 38,155.4 34,343.8 34,184.9 32,155.7
Memo: Fitch Core Capital 2,418.8 2,557.1 2,799.3 2,429.2
Memo: Fitch Eligible Capital 2,418.8 2,557.1 2,799.3 2,429.2
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.52 3.66 4.92 6.02
Interest Expense on Customer Deposits/ Average 2.83 2.35 3.33 4.16
Customer Deposits%
Interest Income/ Average Earning Assets% 3.33 3.46 4.59 5.66
Interest Expense/ Average Interest-bearing 1.76 1.33 2.14 3.61
Liabilities%
Net Interest Income/ Average Earning Assets% 1.63 2.20 2.58 2.33
Net Int. Inc Less Loan Impairment Charges/ Av. 1.46 1.55 1.48 1.48
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.63 2.20 2.58 2.33
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 22.61 18.24 16.11 17.99
Non-Interest Expense/ Gross Revenues% 66.21 59.36 50.34 55.19
Non-Interest Expense/ Average Assets% 1.29 1.48 1.44 1.48
Pre-impairment Op. Profit/ Average Equity% 9.82 13.83 18.78 14.84
Pre-impairment Op. Profit/ Average Total Assets% 0.72 1.15 1.59 1.36
Loans and securities impairment charges/ Pre- 35.64 55.65 71.96 64.58
impairment Op. Profit%
Operating Profit/ Average Equity% 6.32 6.14 5.27 5.26
Operating Profit/ Average Total Assets% 0.46 0.51 0.44 0.48
Taxes/ Pre-tax Profit% 13.03 3.08 11.38 15.30
Pre-Impairment Operating Profit / Risk Weighted 1.34 1.96 2.49 2.02
Assets%
Operating Profit / Risk Weighted Assets% 0.86 0.87 0.70 0.72
Other Profitability Ratios
Net Income/ Average Total Equity% 3.99 5.32 7.28 9.56
Net Income/ Average Total Assets% 0.29 0.44 0.61 0.88
Fitch Comprehensive Income/ Average Total Equity 3.99 -2.18 9.01 -15.25
%
Fitch Comprehensive Income/ Average Total Assets 0.29 -0.18 0.76 -1.40
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.54 0.75 0.96 1.30
Fitch Comprehensive Income/ Risk Weighted Assets 0.54 -0.31 1.19 -2.07
%
Capitalization
Fitch Core Capital/Weighted Risks% 12.46 12.74 13.18 11.04
Fitch Eligible Capital/ Weighted Risks% 12.46 12.74 13.18 11.04
Tangible Common Equity/ Tangible Assets% 6.56 7.60 8.37 7.62
Tier 1 Regulatory Capital Ratio% 13.60 13.00 11.93 10.23
Total Regulatory Capital Ratio% 14.15 15.08 14.86 13.21
Core Tier 1 Regulatory Capital Ratio% 13.60 13.00 n.a. n.a.
Equity/ Total Assets% 6.67 7.73 8.51 8.47
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. 17.09 17.48
Cash Dividend Paid & Declared/ Fitch Comprehensive n.a. n.a. 13.81 -10.95
Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 4.14 5.70 5.84 8.67
Loan Quality
Growth of Total Assets% 11.10 0.46 6.31 -2.10
Growth of Gross Loans% -2.46 -3.05 -3.36 1.66
Impaired Loans(NPLs)/ Gross Loans% 5.71 2.84 3.14 2.22
Reserves for Impaired Loans/ Gross loans% 3.80 4.49 4.06 3.38
Reserves for Impaired Loans/ Impaired Loans% 66.60 158.25 129.33 151.93
Impaired Loans less Reserves for Imp Loans/ Equity 17.02 -14.52 -7.62 -10.54
%
Loan Impairment Charges/ Average Gross Loans% 0.23 0.87 1.38 1.06
Net Charge-offs/ Average Gross Loans% 0.34 0.74 0.40 0.51
Impaired Loans + Foreclosed Assets/ Gross Loans + 9.41 5.63 4.92 3.28
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 146.65 148.50 160.19 159.28
Interbank Assets/ Interbank Liabilities% 544.04 231.80 225.44 808.80
Customer Deposits/ Total Funding excl Derivatives% 45.21 51.59 50.01 55.09
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 61.9
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 2.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the Income n.a. n.a. n.a. n.a.
Statement - Governments
Debt Securities designated at FV through the Income n.a. n.a. n.a. n.a.
Statement - Banks
Debt Securities designated at FV through the Income n.a. n.a. n.a. n.a.
Statement - Corporates
Debt Securities designated at FV through the Income n.a. n.a. n.a. n.a.
Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. 63.9
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. 2,191.0 1,400.3
breakdown)
AFS Assets - Government n.a. n.a. 1,506.4 1,029.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. 1,383.4 1,616.4
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 4,595.7 5,798.6 5,080.8 4,045.7
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 13.60 13.00 11.93 10.23
Total Capital Ratio 14.15 15.08 14.86 13.21
Equity / Tot Assets 6.67 7.73 8.51 8.47
Equity / Net Loans 11.65 11.92 12.61 11.34
Equity / Cust & Short Term Funding 12.28 13.41 15.12 14.05
Equity / Liabilities 7.20 8.44 9.37 9.33
Cap Funds / Tot Assets 7.29 8.48 9.20 9.21
Cap Funds / Net Loans 12.72 13.08 13.65 12.33
Cap Funds / Dep & ST Funding 13.41 14.72 16.35 15.27
Cap Funds / Liabilities 7.86 9.26 10.13 10.14
Subord Debt / Cap Funds 8.40 8.84 7.55 8.01
Operations
Net Interest Margin 1.62 2.20 2.59 2.34
Net Int Rev / Avg Assets 1.50 2.04 2.42 2.20
Oth Op Inc / Avg Assets 0.50 0.59 0.63 0.65
Non Int Exp / Avg Assets 1.44 2.08 2.48 2.28
Pre-Tax Op Inc / Avg Assets 0.56 0.55 0.56 0.57
Non Op Items & Taxes / Avg Ast -0.27 -0.10 0.06 0.31
Return On Avg Assets (ROAA) 0.29 0.44 0.62 0.88
Return On Avg Equity (ROAE) 4.06 5.44 7.27 9.63
Dividend Pay-Out n.a. n.a. 17.09 17.48
Inc Net Of Dist / Avg Equity n.a. n.a. 6.03 7.95
Non Op Items / Net Income -78.29 -20.50 21.92 53.58
Cost To Income Ratio 64.18 56.31 47.62 51.97
Recurring Earning Power 0.72 1.15 1.59 1.37
Liquidity
Interbank Ratio 108.90 45.73 52.19 59.95
Net Loans / Tot Assets 57.29 64.79 67.43 74.72
Net Loans / Dep & ST Funding 105.46 112.49 119.85 123.90
Net Loans / Tot Dep & Bor 64.10 73.66 77.37 85.42
Liquid Assets / Dep & ST Funding 29.69 11.01 13.65 10.94
Liquid Assets / Tot Dep & Bor 18.05 7.21 8.81 7.54
15 13/07/2009 Unicaja and Caja de Jaen merger receives approval (deal no.
1601095076)
16 18/06/2009 Unicaja acquires shares in Iberdrola (deal no. 1601090382)
17 29/04/2009 France Telecom increases its stake in France Telecom España
(deal no. 1601075443)
18 02/03/2009 Caja Castilla La Mancha and Unicaja to merge (deal no.
1601051699)
19 24/02/2009 Unicaja acquires stake in Abertis (deal no. 1601055011)
20 08/01/2009 Unicaja acquires a minority stake in Iberdrola (deal no.
1601042867)
21 06/08/2008 Inveryal could sell minority stake in Reyal Urbis (deal no.
1601007483)
22 06/08/2008 Inveryal to sell minority stake in Reyal Urbis (deal no.
1601007484)
23 06/08/2008 Inveryal acquires minority stake in Reyal Urbis (deal no.
1601007468)
24 06/08/2008 Inveryal could sell minority stake in Reyal Urbis (deal no.
1601007477)
25 20/06/2008 Ficosa completes its capital increase operation (deal no. 640436)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
498086
ed (merger)
06/2010)
5) 213 80 00
5) 213 81 31
Report
2012
KS
urope)
Watch
Contact details
Bank History :
Established in 1776. On July 24, 2012, Banco Pastor SA was absorbed by Banco Popular Espanol SA.
Status Dissolved (merger) Consolidation Code C2
(since 24/07/2012) Nickname PASTORCI
Accounting Standards International Financial Source Annual Report
Reporting Standards (IFRS) Release Date 4/20/2012
Accounts published in mil EUR Model ALLBANKS
Name of the Auditor PricewaterhouseCoopers
Auditores S.L.
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator -
Peer Group
Peer Group Name Commercial Banks Europe (Excl. Eastern Europe)
Size 1,148
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 20,932.5 21,652.1 20,385.1 20,788.0
Gross Loans 21,650.1 22,401.5 21,179.8 21,262.0
Less: Reserves for Impaired Loans/ NPLs 717.6 749.4 794.7 474.0
Other Earning Assets 6,408.3 6,735.4 9,319.0 4,238.1
Loans and Advances to Banks 320.0 847.6 1,633.0 752.7
Derivatives 294.9 257.4 211.7 167.9
Other Securities 5,743.9 5,576.3 7,438.1 3,280.1
Remaining earning assets 49.5 54.1 36.2 37.4
Total Earning Assets 27,340.8 28,387.5 29,704.1 25,026.1
Fixed Assets 138.8 153.8 169.6 377.0
Non-Earning Assets 2,896.3 2,593.4 2,451.5 1,718.2
Total Assets 30,375.9 31,134.7 32,325.2 27,121.3
Notes
Impaired Loans (Memo) 1,807.3 1,543.5 1,512.4 999.3
Loan Loss Reserves (Memo) 724.8 766.1 823.2 489.1
Liquid Assets (Memo) 951.4 1,823.2 5,421.8 2,664.9
Intangibles (Memo) 66.5 59.4 23.3 18.6
Off Balance Sheet Items 4,447.6 5,511.2 6,316.8 4,627.9
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 427.1 473.4 539.4 547.7
Other Operating Income 176.2 231.8 221.8 241.6
Net Gains (Losses) on Trading and Derivatives 31.1 44.2 14.5 43.9
Net Gains (Losses) on Assets at FV through Income 0.1 -2.0 0.0 0.0
Statement
Net Fees and Commissions 94.7 126.8 151.9 163.3
Remaining Operating Income 50.3 62.8 55.4 34.4
Overheads 391.8 391.6 380.1 371.9
Loan Loss Provisions 117.8 283.4 588.2 229.2
Other -32.6 20.2 335.2 32.7
Profit before Tax 61.1 50.4 128.1 220.9
Tax 9.0 -12.4 25.5 57.2
Net Income 52.1 62.8 102.6 163.7
Operating Income (Memo) 589.7 690.0 748.4 780.4
Net Gains (Losses) on Trading and Derivatives 31.1 44.2 14.5 43.9
Net Gains (Losses) on Other Securities 13.3 22.5 3.5 1.9
Net Gains (Losses) on Assets at FV through Income 0.1 -2.0 0.0 0.0
Statement
Net Insurance Income 0.0 0.0 1.2 1.2
Net Fees and Commissions 94.7 126.8 151.9 163.3
Other Operating Income 23.4 25.1 37.9 22.4
Total Non-Interest Operating Income 162.6 216.6 209.0 232.7
Personnel Expenses 233.6 233.8 234.3 240.7
Other Operating Expenses 158.2 157.8 145.8 131.2
Total Non-Interest Expenses 391.8 391.6 380.1 371.9
Memo: Net Income after Allocation to Non- 51.9 62.1 101.1 164.1
controlling Interests
Memo: Common Dividends Relating to the Period 6.0 7.1 15.7 41.7
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 21,650.1 22,401.5 21,179.8 21,262.0
Less: Reserves for Impaired Loans/ NPLs 717.6 749.4 794.7 474.0
Net Loans 20,932.5 21,652.1 20,385.1 20,788.0
Gross Loans 21,650.1 22,401.5 21,179.8 21,262.0
Memo: Impaired Loans included above 1,807.3 1,543.5 1,512.4 999.3
Memo: Loans at Fair Value included above 0.0 0.0 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 320.0 361.3 308.4 358.0
Reverse Repos and Cash Collateral 0.0 486.3 1,324.6 394.7
Trading Securities and at FV through Income 199.2 691.8 3,330.9 1,432.9
Derivatives 294.9 257.4 211.7 167.9
Available for Sale Securities 2,542.1 1,749.8 2,704.5 1,600.9
Held to Maturity Securities 2,079.1 2,031.7 755.0 196.5
At-equity Investments in Associates 66.7 68.9 33.1 49.8
Other Securities 856.8 1,034.1 614.6 0.0
Total Securities 6,038.8 6,320.0 8,974.4 3,842.7
Memo: Government Securities included Above 2,891.7 1,907.2 2,374.6 1,845.2
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 27.9 28.7 31.5 30.9
Insurance Assets 21.6 25.4 4.7 6.5
Other Earning Assets 0.0 0.0 0.0 0.0
Total Earning Assets 27,340.8 28,387.5 29,704.1 25,026.1
Non-earning Assets
Cash and Due From Banks 432.2 283.8 457.9 479.3
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 1,704.0 1,529.9 1,238.9 446.1
Fixed Assets 138.8 153.8 169.6 377.0
Goodwill 37.5 33.9 2.6 2.6
Other Intangibles 29.0 25.5 20.7 16.0
Current Tax Assets 32.5 54.3 45.9 93.8
Deferred Tax Assets 250.4 225.6 182.0 136.0
Discontinued Operations 0.0 0.0 0.0 0.0
Other Assets 410.7 440.4 503.5 544.4
Total Assets 30,375.9 31,134.7 32,325.2 27,121.3
Interest-bearing Liabilities
Customer Deposits - Current 2,463.6 2,813.5 2,895.0 5,342.3
Customer Deposits - Savings 1,327.0 1,310.5 1,338.6 1,186.6
Customer Deposits - Term 10,713.5 9,986.9 9,449.6 6,801.3
Total Customer Deposits 14,504.1 14,110.9 13,683.2 13,330.2
Deposits from Banks 583.5 774.6 1,144.1 1,214.0
Repos and Cash Collateral 2,865.6 1,442.2 3,152.8 193.1
Other Deposits and Short-term Borrowings 118.5 4,212.6 3,495.5 3,290.6
Total Deposits, Money Market and Short-term 18,071.7 20,540.3 21,475.6 18,027.9
Funding
Senior Debt Maturing after 1 Year 2,146.3 2,280.6 1,339.0 946.7
Subordinated Borrowing 0.0 0.0 0.0 0.0
Other Funding 7,464.9 5,632.6 6,465.3 5,076.3
Total Long Term Funding 9,611.2 7,913.2 7,804.3 6,023.0
Derivatives 228.3 145.8 164.0 165.5
Trading Liabilities 0.0 0.0 0.0 0.0
Total Funding 27,911.2 28,599.3 29,443.9 24,216.4
Non-interest Bearing Liabilities
Fair Value Portion of Debt 0.0 0.0 0.0 0.0
Credit impairment reserves 7.2 16.7 28.5 15.1
Reserves for Pensions and Other 67.3 88.8 102.4 126.5
Current Tax Liabilities 3.5 1.4 8.2 5.1
Deferred Tax Liabilities 18.8 14.2 23.7 105.5
Other Deferred Liabilities 0.0 0.0 0.0 0.0
Discontinued Operations 0.0 0.0 0.0 0.0
Insurance Liabilities 2.5 2.8 143.1 120.7
Other Liabilities 289.8 306.4 370.7 471.7
Total Liabilities 28,300.3 29,029.6 30,120.5 25,061.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 353.0 499.0 594.5 552.8
Debt
Pref. Shares and Hybrid Capital accounted for as 244.3 0.0 0.0 0.0
Equity
Equity
Common Equity 1,509.3 1,479.6 1,429.6 1,369.6
Non-controlling Interest 19.2 170.8 170.9 27.4
Securities Revaluation Reserves -50.2 -44.3 9.7 110.5
Foreign Exchange Revaluation Reserves 0.0 0.0 0.0 0.0
Fixed Asset Revaluations and Other Accumulated 0.0 0.0 0.0 0.0
OCI
Total Equity 1,478.3 1,606.1 1,610.2 1,507.5
Total Liabilities and Equity 30,375.9 31,134.7 32,325.2 27,121.3
Memo: Fitch Core Capital 1,337.4 1,502.6 1,586.9 1,488.9
Memo: Fitch Eligible Capital 1,731.3 1,702.4 1,711.9 1,702.9
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.82 3.63 4.67 7.20
Interest Expense on Customer Deposits/ Average n.a. n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.70 3.24 4.25 6.13
Interest Expense/ Average Interest-bearing 2.17 1.62 2.29 4.14
Liabilities%
Net Interest Income/ Average Earning Assets% 1.52 1.62 1.99 2.15
Net Int. Inc Less Loan Impairment Charges/ Av. 1.10 0.65 -0.18 1.25
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.52 1.62 1.99 2.15
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 27.57 31.39 27.93 29.82
Non-Interest Expense/ Gross Revenues% 66.44 56.75 50.79 47.66
Non-Interest Expense/ Average Assets% 1.28 1.22 1.29 1.37
Pre-impairment Op. Profit/ Average Equity% 13.12 19.41 24.71 26.95
Pre-impairment Op. Profit/ Average Total Assets% 0.69 0.98 1.29 1.53
Loans and securities impairment charges/ Pre- 59.10 90.50 158.57 58.70
impairment Op. Profit%
Operating Profit/ Average Equity% 5.37 1.84 -14.47 11.13
Operating Profit/ Average Total Assets% 0.28 0.09 -0.76 0.63
Taxes/ Pre-tax Profit% 14.73 -24.60 19.91 25.89
Pre-Impairment Operating Profit / Risk Weighted 1.16 1.70 2.04 2.11
Assets%
Operating Profit / Risk Weighted Assets% 0.47 0.16 -1.19 0.87
Other Profitability Ratios
Net Income/ Average Total Equity% 3.23 3.89 6.65 10.57
Net Income/ Average Total Assets% 0.17 0.20 0.35 0.60
Fitch Comprehensive Income/ Average Total Equity 2.85 0.56 0.12 3.79
%
Fitch Comprehensive Income/ Average Total Assets 0.15 0.03 0.01 0.22
%
Net Income/ Av. Total Assets plus Av. Managed 0.16 0.18 0.32 n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.29 0.34 0.55 0.83
Fitch Comprehensive Income/ Risk Weighted Assets 0.25 0.05 0.01 0.30
%
Capitalization
Fitch Core Capital/Weighted Risks% 7.32 8.16 8.48 7.54
Fitch Eligible Capital/ Weighted Risks% 9.48 9.25 9.15 8.62
Tangible Common Equity/ Tangible Assets% 4.44 4.86 4.91 5.49
Tier 1 Regulatory Capital Ratio% 10.82 10.63 10.55 7.46
Total Regulatory Capital Ratio% 11.13 11.59 12.47 10.56
Core Tier 1 Regulatory Capital Ratio% 9.20 8.49 8.31 n.a.
Equity/ Total Assets% 4.87 5.16 4.98 5.56
Cash Dividends Paid & Declared/ Net Income% 11.52 11.31 15.30 25.47
Cash Dividend Paid & Declared/ Fitch 13.04 78.89 872.22 71.04
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 3.12 3.47 5.40 8.09
Loan Quality
Growth of Total Assets% -2.44 -3.68 19.19 7.09
Growth of Gross Loans% -3.18 5.57 -0.39 1.69
Impaired Loans(NPLs)/ Gross Loans% 8.35 6.90 7.14 4.70
Reserves for Impaired Loans/ Gross loans% 3.31 3.35 3.75 2.23
Reserves for Impaired Loans/ Impaired Loans% 39.71 48.55 52.55 47.43
Impaired Loans less Reserves for Imp Loans/ Equity 73.71 49.44 44.57 34.85
%
Loan Impairment Charges/ Average Gross Loans% 0.54 1.30 2.80 1.07
Net Charge-offs/ Average Gross Loans% 0.67 1.22 n.a. n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + 15.04 12.86 12.27 6.66
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 149.27 158.46 154.79 159.50
Interbank Assets/ Interbank Liabilities% 54.84 46.64 26.96 29.49
Customer Deposits/ Total Funding excl Derivatives% 52.39 49.59 46.73 55.42
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 1,776.0 1,998.9 2,338.0 n.a.
Sheet
Other off-balance sheet exposure to securitizations 0.0 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 440.2
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 6.2
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. 446.4
Statement
AFS Assets - Debt Securities (where no issuer n.a. 1,630.7 2,012.9 n.a.
breakdown)
AFS Assets - Government n.a. 66.2 48.6 1,208.5
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. 52.9 102.9 392.4
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 2,542.1 1,749.8 2,704.5 1,600.9
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity 0.0 0.0 0.0 0.0
Ratios
Capital
Tier 1 Ratio 10.82 10.63 10.55 7.46
Total Capital Ratio 11.13 11.59 12.47 10.56
Equity / Tot Assets 5.67 5.16 4.98 5.56
Equity / Net Loans 8.23 7.42 7.90 7.25
Equity / Cust & Short Term Funding 9.53 7.82 7.50 8.36
Equity / Liabilities 6.09 5.53 5.35 6.02
Cap Funds / Tot Assets 6.83 6.76 6.82 7.60
Cap Funds / Net Loans 9.92 9.72 10.82 9.91
Cap Funds / Dep & ST Funding 11.49 10.25 10.27 11.43
Cap Funds / Liabilities 7.33 7.25 7.32 8.22
Subord Debt / Cap Funds 0.00 0.00 0.00 0.00
Operations
Net Interest Margin 1.53 1.63 1.97 2.26
Net Int Rev / Avg Assets 1.39 1.49 1.82 2.09
Oth Op Inc / Avg Assets 0.57 0.73 0.75 0.92
Non Int Exp / Avg Assets 1.66 2.13 3.26 2.29
Pre-Tax Op Inc / Avg Assets 0.31 0.10 -0.70 0.72
Non Op Items & Taxes / Avg Ast -0.14 0.10 1.04 -0.09
Return On Avg Assets (ROAA) 0.17 0.20 0.35 0.62
Return On Avg Equity (ROAE) 3.13 3.91 6.58 10.64
Dividend Pay-Out 11.52 11.31 15.30 25.47
Inc Net Of Dist / Avg Equity 2.77 3.46 5.58 7.93
Non Op Items / Net Income -62.57 32.17 326.71 19.98
Cost To Income Ratio 64.94 55.53 49.93 47.12
Recurring Earning Power 0.69 0.99 1.28 1.59
Liquidity
Interbank Ratio 9.28 38.24 38.00 53.49
Net Loans / Tot Assets 68.91 69.54 63.06 76.65
Net Loans / Dep & ST Funding 115.83 105.41 94.92 115.31
Net Loans / Tot Dep & Bor 75.00 75.71 69.23 85.84
Liquid Assets / Dep & ST Funding 5.27 8.88 25.25 14.78
Liquid Assets / Tot Dep & Bor 3.41 6.38 18.41 11.01
All figures have been adjusted based on the Stock split/Dividend ratio.
This company has been delisted since 12/03/2012 (takeover by Banco Popular Espanol SA)
General information
Security information
Date News
1 12/03/2012 Banco Pastor has been delisted (deal no. 1601306996)
2 10/10/2011 Banco Popular to buy Pastor: report (deal no. 1601306996)
3 07/10/2011 Banco Popular to buy Pastor: report (deal no. 1601239571)
4 13/09/2011 Financiere Tesalia acquires Banco Pastor shares from Casa
Grande (deal no. 1601284521)
5 13/09/2011 Financiere Tesalia acquires Banco Pastor shares from Casa
Grande (deal no. 1601284517)
6 24/05/2011 Banco Pastor completes capital increase (deal no. 1601261225)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
This company is inactive and therefore has no subsidiaries.
ger)
012)
61 11
44 43
pe)
Watch
Contact details
Bank History :
Established in 1907.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname BBKCI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 6/11/2012
Name of the Auditor Deloitte S.L. Model ALLBANKS
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator U
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 31,899.8 21,601.1 21,178.2 20,978.2
Gross Loans 33,853.6 22,230.5 21,728.7 21,453.9
Less: Reserves for Impaired Loans/ NPLs 1,953.8 629.4 550.5 475.7
Other Earning Assets 6,507.6 6,030.1 6,436.9 7,110.8
Loans and Advances to Banks 533.0 289.0 669.6 1,106.5
Derivatives 598.9 300.0 223.3 136.8
Other Securities 5,190.6 5,375.0 5,470.1 5,803.6
Remaining earning assets 185.1 66.1 73.9 63.9
Total Earning Assets 38,407.4 27,631.2 27,615.1 28,089.0
Fixed Assets 758.7 451.9 458.9 482.3
Non-Earning Assets 3,403.8 1,028.4 1,732.4 1,095.5
Total Assets 42,569.9 29,111.5 29,806.4 29,666.8
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 640.6 514.2 601.4 548.4
Other Operating Income 357.6 295.2 256.6 297.9
Net Gains (Losses) on Trading and Derivatives -12.9 -35.6 12.6 -10.2
Net Gains (Losses) on Assets at FV through Income 0.2 0.0 0.0 0.0
Statement
Net Fees and Commissions 207.9 147.4 133.5 127.3
Remaining Operating Income 162.4 183.4 110.5 180.8
Overheads 558.6 338.4 344.8 342.6
Loan Loss Provisions 160.4 112.8 158.1 144.6
Other -66.9 -124.5 -80.4 -32.2
Profit before Tax 212.3 233.7 274.7 326.9
Tax -13.9 -28.7 -18.0 -14.8
Net Income 226.2 262.4 292.7 341.7
Operating Income (Memo) 935.6 782.3 829.7 791.8
Net Gains (Losses) on Trading and Derivatives -12.9 -35.6 12.6 -10.2
Net Gains (Losses) on Other Securities 52.2 99.5 69.9 93.7
Net Gains (Losses) on Assets at FV through Income 0.2 0.0 0.0 0.0
Statement
Net Insurance Income 2.9 0.0 0.0 0.0
Net Fees and Commissions 207.9 147.4 133.5 127.3
Other Operating Income 44.7 56.8 12.3 32.6
Total Non-Interest Operating Income 295.0 268.1 228.3 243.4
Personnel Expenses 350.6 207.0 213.5 214.6
Other Operating Expenses 208.0 131.4 131.3 128.0
Total Non-Interest Expenses 558.6 338.4 344.8 342.6
Memo: Net Income after Allocation to Non- 220.2 257.8 288.7 338.7
controlling Interests
Memo: Common Dividends Relating to the Period 59.7 69.5 80.0 n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 33,853.6 22,230.5 21,728.7 21,453.9
Less: Reserves for Impaired Loans/ NPLs 1,953.8 629.4 550.5 475.7
Net Loans 31,899.8 21,601.1 21,178.2 20,978.2
Gross Loans 33,853.6 22,230.5 21,728.7 21,453.9
Memo: Impaired Loans included above 3,033.7 571.9 545.7 469.7
Memo: Loans at Fair Value included above 0.0 0.0 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 533.0 289.0 669.6 1,106.5
Reverse Repos and Cash Collateral 0.0 0.0 0.0 0.0
Trading Securities and at FV through Income 108.8 104.2 72.3 54.8
Derivatives 598.9 300.0 223.3 136.8
Available for Sale Securities 4,599.6 4,799.4 4,984.2 5,385.9
Held to Maturity Securities 0.0 0.0 0.0 0.0
At-equity Investments in Associates 482.2 471.4 413.6 362.9
Other Securities 0.0 0.0 0.0 0.0
Total Securities 5,789.5 5,675.0 5,693.4 5,940.4
Memo: Government Securities included Above 1,173.0 1,587.7 1,409.8 1,812.8
Memo: Total Securities Pledged 944.5 1,453.2 1,247.4 1,726.1
Investments in Property 90.2 66.1 73.9 63.9
Insurance Assets 89.8 0.0 0.0 0.0
Other Earning Assets 5.1 0.0 0.0 0.0
Total Earning Assets 38,407.4 27,631.2 27,615.1 28,089.0
Non-earning Assets
Cash and Due From Banks 508.4 208.9 887.6 459.2
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 924.8 541.3 542.8 433.6
Fixed Assets 758.7 451.9 458.9 482.3
Goodwill 301.5 0.0 63.1 0.6
Other Intangibles 1.9 0.0 4.5 8.4
Current Tax Assets 46.3 27.3 14.5 5.2
Deferred Tax Assets 1,015.8 234.1 198.3 159.8
Discontinued Operations 0.0 0.0 0.0 0.0
Other Assets 605.1 16.8 21.6 28.7
Total Assets 42,569.9 29,111.5 29,806.4 29,666.8
Interest-bearing Liabilities
Customer Deposits - Current 3,555.3 2,271.3 2,251.1 2,054.1
Customer Deposits - Savings 7,811.2 6,175.4 5,811.0 5,492.9
Customer Deposits - Term 11,455.5 6,286.6 6,421.8 7,147.1
Total Customer Deposits 22,822.0 14,733.3 14,483.9 14,694.1
Deposits from Banks 1,709.0 708.8 326.9 440.5
Repos and Cash Collateral 1,311.7 1,794.7 2,601.5 3,660.6
Other Deposits and Short-term Borrowings 402.9 1,356.0 2,178.0 2,009.1
Total Deposits, Money Market and Short-term 26,245.6 18,592.8 19,590.3 20,804.3
Funding
Senior Debt Maturing after 1 Year 1,579.3 503.5 14.0 29.4
Subordinated Borrowing 434.7 533.2 1,001.4 1,002.3
Other Funding 8,762.1 4,438.0 3,813.2 2,721.0
Total Long Term Funding 10,776.1 5,474.7 4,828.6 3,752.7
Derivatives 128.2 121.3 184.3 69.8
Trading Liabilities 0.0 0.0 0.0 0.0
Total Funding 37,149.9 24,188.8 24,603.2 24,626.8
Non-interest Bearing Liabilities
Fair Value Portion of Debt 0.0 0.0 0.0 0.0
Credit impairment reserves 76.6 22.2 28.8 32.0
Reserves for Pensions and Other 404.2 139.1 162.9 150.8
Current Tax Liabilities 20.1 22.9 6.9 20.8
Deferred Tax Liabilities 251.4 267.6 402.6 389.0
Other Deferred Liabilities 0.0 0.0 0.0 0.0
Discontinued Operations 0.0 0.0 0.0 0.0
Insurance Liabilities 0.0 0.0 0.0 0.0
Other Liabilities 684.1 492.5 478.6 533.5
Total Liabilities 38,586.3 25,133.1 25,683.0 25,752.9
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 150.0 0.0 0.0 0.0
Debt
Pref. Shares and Hybrid Capital accounted for as 0.0 0.0 0.0 0.0
Equity
Equity
Common Equity 3,523.7 3,381.1 3,199.4 3,002.7
Non-controlling Interest 35.9 31.4 30.3 45.1
Securities Revaluation Reserves 273.9 581.7 962.3 861.1
Foreign Exchange Revaluation Reserves 0.0 0.0 0.0 0.0
Fixed Asset Revaluations and Other Accumulated 0.1 -15.8 -68.6 5.0
OCI
Total Equity 3,833.6 3,978.4 4,123.4 3,913.9
Total Liabilities and Equity 42,569.9 29,111.5 29,806.4 29,666.8
Memo: Fitch Core Capital 3,023.0 3,831.3 3,928.4 3,763.7
Memo: Fitch Eligible Capital 3,098.9 3,831.3 3,928.4 3,763.7
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.13 2.30 3.76 5.48
Interest Expense on Customer Deposits/ Average 2.49 n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.45 2.75 3.69 5.03
Interest Expense/ Average Interest-bearing 1.81 1.00 1.73 3.56
Liabilities%
Net Interest Income/ Average Earning Assets% 1.74 1.86 2.15 1.99
Net Int. Inc Less Loan Impairment Charges/ Av. 1.31 1.45 1.59 1.46
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.74 1.86 2.15 1.99
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 31.53 34.27 27.52 30.74
Non-Interest Expense/ Gross Revenues% 59.71 43.26 41.56 43.27
Non-Interest Expense/ Average Assets% 1.38 1.15 1.16 1.17
Pre-impairment Op. Profit/ Average Equity% 11.10 11.68 12.89 11.72
Pre-impairment Op. Profit/ Average Total Assets% 1.09 1.61 1.72 1.72
Loans and securities impairment charges/ Pre- 40.67 31.53 36.96 30.65
impairment Op. Profit%
Operating Profit/ Average Equity% 6.58 8.00 8.12 8.13
Operating Profit/ Average Total Assets% 0.64 1.10 1.08 1.20
Taxes/ Pre-tax Profit% -6.55 -12.28 -6.55 -4.53
Pre-Impairment Operating Profit / Risk Weighted 1.55 2.45 2.67 2.60
Assets%
Operating Profit / Risk Weighted Assets% 0.92 1.68 1.68 1.81
Other Profitability Ratios
Net Income/ Average Total Equity% 5.71 6.51 7.35 7.95
Net Income/ Average Total Assets% 0.56 0.89 0.98 1.17
Fitch Comprehensive Income/ Average Total Equity -2.03 -1.23 8.04 -20.80
%
Fitch Comprehensive Income/ Average Total Assets -0.20 -0.17 1.07 -3.06
%
Net Income/ Av. Total Assets plus Av. Managed 0.56 0.89 0.98 1.17
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.80 1.36 1.52 1.77
Fitch Comprehensive Income/ Risk Weighted Assets -0.28 -0.26 1.67 -4.62
%
Capitalization
Fitch Core Capital/Weighted Risks% 10.65 19.93 20.46 19.45
Fitch Eligible Capital/ Weighted Risks% 10.92 19.93 20.46 19.45
Tangible Common Equity/ Tangible Assets% 7.30 13.29 13.32 12.81
Tier 1 Regulatory Capital Ratio% 11.44 16.66 14.60 14.00
Total Regulatory Capital Ratio% 14.26 21.53 22.20 21.50
Core Tier 1 Regulatory Capital Ratio% 10.91 16.66 14.60 14.00
Equity/ Total Assets% 9.01 13.67 13.83 13.19
Cash Dividends Paid & Declared/ Net Income% 26.39 26.49 27.33 n.a.
Cash Dividend Paid & Declared/ Fitch -74.16 -140.40 24.98 n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. 26.49 27.33 n.a.
Net Income - Cash Dividends/ Total Equity% 4.34 4.85 5.16 8.73
Loan Quality
Growth of Total Assets% 46.23 -2.33 0.47 1.95
Growth of Gross Loans% 52.28 2.31 1.28 6.98
Impaired Loans(NPLs)/ Gross Loans% 8.96 2.57 2.51 2.19
Reserves for Impaired Loans/ Gross loans% 5.77 2.83 2.53 2.22
Reserves for Impaired Loans/ Impaired Loans% 64.40 110.05 100.88 101.28
Impaired Loans less Reserves for Imp Loans/ Equity 28.17 -1.45 -0.12 -0.15
%
Loan Impairment Charges/ Average Gross Loans% 0.51 0.51 0.73 0.70
Net Charge-offs/ Average Gross Loans% 0.92 0.06 0.04 -0.01
Impaired Loans + Foreclosed Assets/ Gross Loans + 11.38 4.89 4.89 4.13
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 148.34 150.89 150.02 146.00
Interbank Assets/ Interbank Liabilities% 31.19 40.77 204.83 251.19
Customer Deposits/ Total Funding excl Derivatives% 61.64 61.22 59.31 59.84
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 26.9 19.8 24.8 30.1
Sheet
Other off-balance sheet exposure to securitizations 0.0 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. 104.2 72.3 48.3
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 6.5
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. 104.2 72.3 54.8
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 602.1
breakdown)
AFS Assets - Government n.a. 1,587.7 1,409.8 1,231.6
AFS Assets - Banks n.a. 84.3 36.6 n.a.
AFS Assets - Corporates n.a. -5.1 18.4 n.a.
AFS Assets - Structured n.a. 0.0 0.0 0.0
AFS Assets - Equities n.a. 3,109.3 3,499.4 3,552.3
AFS Assets - Other n.a. 23.2 20.0 n.a.
Total AFS Assets 4,599.6 4,799.4 4,984.2 5,385.9
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.94 1.86 2.16 1.97
Net Int Rev / Avg Assets 1.79 1.75 2.02 1.87
Oth Op Inc / Avg Assets 1.00 1.00 0.86 1.01
Non Int Exp / Avg Assets 2.01 1.53 1.69 1.66
Pre-Tax Op Inc / Avg Assets 0.78 1.22 1.19 1.22
Non Op Items & Taxes / Avg Ast -0.15 -0.33 -0.21 -0.06
Return On Avg Assets (ROAA) 0.63 0.89 0.98 1.16
Return On Avg Equity (ROAE) 5.79 6.48 7.28 7.80
Dividend Pay-Out 26.39 26.49 27.33 n.a.
Inc Net Of Dist / Avg Equity 4.26 4.76 5.29 n.a.
Non Op Items / Net Income -29.58 -47.45 -27.47 -9.42
Cost To Income Ratio 55.96 41.81 40.19 40.48
Recurring Earning Power 1.23 1.60 1.73 1.71
Liquidity
Interbank Ratio 17.65 11.54 22.87 26.98
Net Loans / Tot Assets 74.94 74.20 71.05 70.71
Net Loans / Dep & ST Funding 121.54 116.18 108.11 100.84
Net Loans / Tot Dep & Bor 86.88 91.32 89.73 88.80
Liquid Assets / Dep & ST Funding 4.38 3.24 8.32 7.79
Liquid Assets / Tot Dep & Bor 3.13 2.55 6.90 6.86
Date News
1 06/10/2012 Trilantic and Investindustrial agree to acquire Euskaltel stake
(deal no. 1601334773)
2 12/03/2012 Minority shareholders still looking to sell Itinere stake (deal no.
1601350839)
3 19/12/2011 BBK, Caja Vital and Kutxa sells Servatas to Tecnitasa (deal no.
1601255907)
4 13/12/2011 Caja de Crédito de Los Ingenieros acquires a stake in Norbolsa
(deal no. 1601325064)
5 19/09/2011 BBK approves integration of assets in new entity with Kutxa and
Caja Vital (deal no. 1601286390)
6 11/08/2011 BBK and Caja Vital create new banking entity (deal no.
1601286391)
7 03/05/2011 ArcelorMittal buys stake in ACB (deal no. 1601268122)
8 29/03/2011 Basque government acquires Alokabide (deal no. 1601258711)
Source : Zephyr
Controlling shareholders
BvD Independence Indicator: U
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
70 00
72 08
nager for more
Watch
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
- 1,885.0 6,259.0
ð n.a. 3.0
ð 3.0 16.0
ð 22.0 n.a.
ð 29.0 32.0
ð n.a. n.a.
- n.a. n.a.
ð n.a. n.a.
ð 3.0 10.0
ø n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ö - -
ö 455.0 400.0
ð n.a. n.a.
- 2.0 2.0
ð n.a. n.a.
ð 441.0 812.0
ø 4.0 15.0
ð 6.0 42.0
ð 514.0 22.0
ð 2.0 17.0
ð 17.0 132.0
ð 1.0 13.0
ð 6.0 42.0
ð 44.0 328.0
ð 19.0 100.0
ð 710.0 475.0
ð n.a. n.a.
ø n.a. n.a.
ø 41,791.0 31,885.0
ð 19.0 54.0
- 1,273.0 1,006.0
ð n.a. n.a.
ð 266.0 1,911.0
ð 8.0 25.0
- n.a. n.a.
ð 73.0 66.0
ð 39.0 126.0
ð <0,5 n.a.
ð 2,132.0 1,776.0
ð 48.0 71.0
ð 638.0 1,876.0
ð 304.0 158.0
ö 6,884.0 23,374.0
ð 3,385.0 6,033.0
- n.a. n.a.
ð n.a. n.a.
- n.a. n.a.
ø 12.0 82.0
ð - -
ð 6.0 25.0
ð 26.0 190.0
ð n.a. n.a.
- 38.0 n.a.
ø 13.0 n.a.
ø 2.0 16.0
ø 10.0 21.0
- n.a. n.a.
ð 7.0 8.0
Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastian-Kutxa
Contact details
Bank History :
Established in 1896 as Caja de Ahorros Provincial de Guipuzcoa. In 1990, its name changed to Caja de Ahorros y Monte
de Piedad de Gipuzkoa y San Sebastian - Kutxa.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname GIPUZCI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 8/27/2012
Name of the Auditor Ernst & Young Model ALLBANKS
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator U
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 15,449.9 15,682.6 15,719.5 16,061.6
Gross Loans 15,990.7 16,070.2 16,113.3 16,340.7
Less: Reserves for Impaired Loans/ NPLs 540.8 387.6 393.8 279.1
Other Earning Assets 2,308.1 2,737.9 2,710.7 2,737.3
Loans and Advances to Banks 169.8 163.7 148.0 430.2
Derivatives 69.1 161.2 184.1 120.2
Other Securities 1,997.7 1,969.6 2,352.0 2,161.4
Remaining earning assets 71.5 443.4 26.6 25.5
Total Earning Assets 17,758.0 18,420.5 18,430.2 18,798.9
Fixed Assets 589.0 637.2 782.5 762.2
Non-Earning Assets 1,669.1 1,793.6 1,860.6 1,704.7
Total Assets 20,016.1 20,851.3 21,073.3 21,265.8
Notes
Impaired Loans (Memo) 999.1 862.3 755.3 338.5
Loan Loss Reserves (Memo) 549.6 395.5 408.4 295.0
Liquid Assets (Memo) 569.6 590.8 620.0 942.4
Intangibles (Memo) 77.7 91.5 79.5 42.1
Off Balance Sheet Items 2,083.0 2,423.0 3,531.1 3,549.1
INCOME STATEMENT
Unqualified Audit n.a. Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 227.5 298.5 327.0 311.1
Other Operating Income 189.8 208.7 195.7 131.6
Net Gains (Losses) on Trading and Derivatives 18.5 14.0 47.2 -7.2
Net Gains (Losses) on Assets at FV through Income -27.5 -16.6 6.6 1.7
Statement
Net Fees and Commissions 115.7 112.0 102.6 105.7
Remaining Operating Income 83.1 99.3 39.3 31.4
Overheads 307.9 325.7 296.3 301.2
Loan Loss Provisions 125.2 96.9 138.6 -32.1
Other 27.1 -80.3 -75.8 -107.2
Profit before Tax 11.3 4.3 12.0 66.4
Tax 0.9 -21.2 -38.3 -44.9
Net Income 10.4 25.5 50.3 111.3
Operating Income (Memo) 349.9 441.8 524.4 439.1
Net Gains (Losses) on Trading and Derivatives 18.5 14.0 47.2 -7.2
Net Gains (Losses) on Other Securities 7.4 23.6 30.7 12.2
Net Gains (Losses) on Assets at FV through Income -27.5 -16.6 6.6 1.7
Statement
Net Insurance Income 0.0 0.0 0.0 0.0
Net Fees and Commissions 115.7 112.0 102.6 105.7
Other Operating Income 8.3 10.3 10.3 15.6
Total Non-Interest Operating Income 122.4 143.3 197.4 128.0
Personnel Expenses 162.9 174.5 174.9 174.8
Other Operating Expenses 145.0 151.2 121.4 126.4
Total Non-Interest Expenses 307.9 325.7 296.3 301.2
Memo: Net Income after Allocation to Non- 10.2 25.1 50.1 110.7
controlling Interests
Memo: Common Dividends Relating to the Period n.a. 25.0 29.9 39.4
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 15,990.7 16,070.2 16,113.3 16,340.7
Less: Reserves for Impaired Loans/ NPLs 540.8 387.6 393.8 279.1
Net Loans 15,449.9 15,682.6 15,719.5 16,061.6
Gross Loans 15,990.7 16,070.2 16,113.3 16,340.7
Memo: Impaired Loans included above 999.1 862.3 755.3 338.5
Memo: Loans at Fair Value included above 0.0 0.0 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 169.8 93.6 148.0 430.2
Reverse Repos and Cash Collateral 0.0 70.1 0.0 n.a.
Trading Securities and at FV through Income 113.8 141.8 170.5 162.9
Derivatives 69.1 161.2 184.1 120.2
Available for Sale Securities 750.6 866.1 1,066.4 936.9
Held to Maturity Securities 677.0 509.2 794.0 799.8
At-equity Investments in Associates 456.3 452.5 321.1 261.8
Other Securities 0.0 0.0 0.0 0.0
Total Securities 2,066.8 2,200.9 2,536.1 2,281.6
Memo: Government Securities included Above n.a. 854.6 1,028.2 913.7
Memo: Total Securities Pledged 687.9 484.2 794.0 830.7
Investments in Property 71.5 75.9 26.6 25.5
Insurance Assets 0.0 0.0 0.0 0.0
Other Earning Assets n.a. 367.5 0.0 0.0
Total Earning Assets 17,758.0 18,420.5 18,430.2 18,798.9
Non-earning Assets
Cash and Due From Banks 286.0 285.3 301.5 349.3
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 428.0 407.2 458.7 120.3
Fixed Assets 589.0 637.2 782.5 762.2
Goodwill 50.0 64.5 49.7 15.0
Other Intangibles 27.7 27.0 29.8 27.1
Current Tax Assets 152.4 74.1 99.2 122.6
Deferred Tax Assets 198.5 258.1 214.3 204.5
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 526.5 677.4 707.4 865.9
Total Assets 20,016.1 20,851.3 21,073.3 21,265.8
Interest-bearing Liabilities
Customer Deposits - Current 4,888.6 4,870.4 4,996.0 4,117.7
Customer Deposits - Savings 81.8 710.7 759.2 n.a.
Customer Deposits - Term 7,610.1 6,738.2 6,883.7 9,756.6
Total Customer Deposits 12,580.5 12,319.3 12,638.9 13,874.3
Deposits from Banks 453.5 639.0 462.9 558.2
Repos and Cash Collateral 708.6 865.3 1,147.0 776.0
Other Deposits and Short-term Borrowings 29.0 723.6 843.1 0.0
Total Deposits, Money Market and Short-term 13,771.6 14,547.2 15,091.9 15,208.5
Funding
Senior Debt Maturing after 1 Year 0.0 0.0 58.0 68.0
Subordinated Borrowing 0.8 0.0 2.3 1.4
Other Funding 3,903.1 3,317.5 2,883.0 3,090.5
Total Long Term Funding 3,903.9 3,317.5 2,943.3 3,159.9
Derivatives 78.7 74.7 59.9 60.9
Trading Liabilities 0.0 0.0 0.0 0.0
Total Funding 17,754.2 17,939.4 18,095.1 18,429.3
Non-interest Bearing Liabilities
Fair Value Portion of Debt 0.0 0.0 0.0 0.0
Credit impairment reserves 8.8 7.9 14.6 15.9
Reserves for Pensions and Other 107.1 61.5 58.8 41.4
Current Tax Liabilities 12.9 12.8 39.7 81.5
Deferred Tax Liabilities 18.4 14.8 50.6 21.4
Other Deferred Liabilities 0.0 0.0 0.0 0.0
Discontinued Operations 0.0 321.7 0.0 0.0
Insurance Liabilities 0.0 0.0 0.0 0.0
Other Liabilities 293.7 409.3 523.9 501.7
Total Liabilities 18,195.1 18,767.4 18,782.7 19,091.2
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 0.0 0.0 0.0 0.0
Debt
Pref. Shares and Hybrid Capital accounted for as 0.0 0.0 0.0 0.0
Equity
Equity
Common Equity 1,990.0 2,187.2 2,206.5 2,221.6
Non-controlling Interest 0.9 0.9 0.9 0.4
Securities Revaluation Reserves -165.7 -105.3 82.3 -43.0
Foreign Exchange Revaluation Reserves 1.1 1.1 0.9 -4.4
Fixed Asset Revaluations and Other Accumulated -5.3 0.0 0.0 0.0
OCI
Total Equity 1,821.0 2,083.9 2,290.6 2,174.6
Total Liabilities and Equity 20,016.1 20,851.3 21,073.3 21,265.8
Memo: Fitch Core Capital 1,729.2 1,969.9 2,194.0 2,132.5
Memo: Fitch Eligible Capital 1,729.2 1,969.9 2,194.0 2,132.5
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.16 2.69 4.08 5.26
Interest Expense on Customer Deposits/ Average n.a. n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 2.83 2.73 4.00 5.15
Interest Expense/ Average Interest-bearing 1.61 1.13 2.29 3.71
Liabilities%
Net Interest Income/ Average Earning Assets% 1.25 1.61 1.75 1.63
Net Int. Inc Less Loan Impairment Charges/ Av. 0.56 1.09 1.01 1.80
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.25 1.61 1.75 1.63
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 34.98 32.44 37.64 29.15
Non-Interest Expense/ Gross Revenues% 88.00 73.72 56.50 68.59
Non-Interest Expense/ Average Assets% 1.50 1.55 1.39 1.42
Pre-impairment Op. Profit/ Average Equity% 5.47 8.35 10.07 6.01
Pre-impairment Op. Profit/ Average Total Assets% 0.53 0.86 1.06 0.67
Loans and securities impairment charges/ Pre- 116.45 51.13 101.06 47.14
impairment Op. Profit%
Operating Profit/ Average Equity% -0.90 4.08 -0.11 3.18
Operating Profit/ Average Total Assets% -0.09 0.42 -0.01 0.35
Taxes/ Pre-tax Profit% 7.96 -493.02 -319.17 -67.62
Pre-Impairment Operating Profit / Risk Weighted 0.84 1.23 1.40 0.91
Assets%
Operating Profit / Risk Weighted Assets% -0.14 0.60 -0.01 0.48
Other Profitability Ratios
Net Income/ Average Total Equity% 0.52 1.17 2.24 4.73
Net Income/ Average Total Assets% 0.05 0.12 0.24 0.52
Fitch Comprehensive Income/ Average Total Equity 0.52 -7.47 7.90 -12.68
%
Fitch Comprehensive Income/ Average Total Assets 0.05 -0.77 0.83 -1.41
%
Net Income/ Av. Total Assets plus Av. Managed 0.05 0.12 0.24 0.52
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.08 0.17 0.31 0.71
Fitch Comprehensive Income/ Risk Weighted Assets 0.08 -1.10 1.10 -1.92
%
Capitalization
Fitch Core Capital/Weighted Risks% 13.32 13.37 13.60 13.68
Fitch Eligible Capital/ Weighted Risks% 13.32 13.37 13.60 13.68
Tangible Common Equity/ Tangible Assets% 8.74 9.56 10.52 10.05
Tier 1 Regulatory Capital Ratio% 13.24 13.13 13.01 13.42
Total Regulatory Capital Ratio% 13.43 13.58 14.44 14.58
Core Tier 1 Regulatory Capital Ratio% 13.24 13.13 13.01 13.42
Equity/ Total Assets% 9.10 9.99 10.87 10.23
Cash Dividends Paid & Declared/ Net Income% n.a. 98.04 59.44 35.40
Cash Dividend Paid & Declared/ Fitch n.a. -15.39 16.84 -13.19
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. 98.04 59.44 35.40
Net Income - Cash Dividends/ Total Equity% 0.57 0.02 0.89 3.31
Loan Quality
Growth of Total Assets% -4.01 -1.05 -0.91 2.02
Growth of Gross Loans% -0.49 -0.21 -1.45 3.90
Impaired Loans(NPLs)/ Gross Loans% 6.25 5.37 4.69 2.07
Reserves for Impaired Loans/ Gross loans% 3.38 2.41 2.45 1.71
Reserves for Impaired Loans/ Impaired Loans% 54.13 44.95 52.14 82.45
Impaired Loans less Reserves for Imp Loans/ Equity 25.17 22.78 15.78 2.73
%
Loan Impairment Charges/ Average Gross Loans% 0.78 0.60 0.86 -0.20
Net Charge-offs/ Average Gross Loans% 0.03 0.47 0.15 0.15
Impaired Loans + Foreclosed Assets/ Gross Loans + 8.69 7.70 7.33 2.79
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 127.11 130.45 127.42 117.78
Interbank Assets/ Interbank Liabilities% 37.44 14.65 31.97 77.07
Customer Deposits/ Total Funding excl Derivatives% 71.17 68.96 70.08 75.53
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 0.0 0.0 0.0 0.0
Sheet
Other off-balance sheet exposure to securitizations 0.0 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. 141.8 158.5 148.9
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. 0.0 12.0 14.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. 141.8 170.5 14.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 58.6
breakdown)
AFS Assets - Government n.a. 345.5 234.2 113.9
AFS Assets - Banks n.a. 152.3 116.9 n.a.
AFS Assets - Corporates n.a. 14.1 23.4 n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. 354.3 691.9 764.4
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 750.6 866.1 1,066.4 936.9
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 62.4
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.26 1.62 1.76 1.63
Net Int Rev / Avg Assets 1.11 1.42 1.55 1.48
Oth Op Inc / Avg Assets 0.93 1.00 0.92 0.63
Non Int Exp / Avg Assets 2.12 2.02 2.05 1.28
Pre-Tax Op Inc / Avg Assets -0.08 0.40 0.42 0.82
Non Op Items & Taxes / Avg Ast 0.13 -0.28 -0.18 -0.30
Return On Avg Assets (ROAA) 0.05 0.12 0.24 0.53
Return On Avg Equity (ROAE) 0.53 1.17 2.25 4.68
Dividend Pay-Out n.a. 98.04 59.44 35.40
Inc Net Of Dist / Avg Equity n.a. 0.02 0.91 3.02
Non Op Items / Net Income 260.58 -314.90 -150.70 -96.32
Cost To Income Ratio 73.78 64.22 56.69 68.04
Recurring Earning Power 0.54 0.87 1.07 0.67
Liquidity
Interbank Ratio 14.61 10.88 9.19 32.24
Net Loans / Tot Assets 77.19 75.21 74.59 75.53
Net Loans / Dep & ST Funding 112.19 107.81 104.16 105.61
Net Loans / Tot Dep & Bor 87.03 87.42 86.88 87.16
Liquid Assets / Dep & ST Funding 4.14 4.06 4.11 6.20
Liquid Assets / Tot Dep & Bor 3.21 3.29 3.43 5.11
Date News
1 27/06/2012 Kutxabank Gestión acquires Kutxagest and Vitalgestión (deal no.
1601382006)
2 19/12/2011 BBK, Caja Vital and Kutxa sells Servatas to Tecnitasa (deal no.
1601255907)
3 19/09/2011 BBK approves integration of assets in new entity with Kutxa and
Caja Vital (deal no. 1601286390)
4 11/08/2011 BBK and Caja Vital create new banking entity (deal no.
1601286391)
5 20/07/2011 Kutxa completes sale of Banco de Madrid to Banca Privada
D'Andorra (deal no. 1601168568)
6 29/03/2011 Basque government acquires Alokabide (deal no. 1601258711)
Source : Zephyr
Current Directors / Managers / Contacts
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
10 00
40 03
horros y Monte
nager for more
Watch
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
- n.a. n.a.
ñ n.a. n.a.
ð n.a. n.a.
- n.a. n.a.
- n.a. n.a.
- n.a. n.a.
- n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð 6.0 5.0
ð n.a. n.a.
- n.a. n.a.
- 23.0 33.0
ð n.a. n.a.
ð <0,5 n.a.
ð 1.0 1.0
ð 1.0 n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð <0,5 n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð 2.0 n.a.
ð n.a. n.a.
ñ n.a. n.a.
ñ n.a. n.a.
ñ <0,5 n.a.
ö 1.0 n.a.
ñ <0,5 n.a.
ñ n.a. n.a.
ö 2.0 n.a.
ð n.a. n.a.
ð 18.0 n.a.
ð 1.0 n.a.
- n.a. n.a.
ð 24.0 n.a.
- n.a. n.a.
ð 11.0 7.0
ð 3.0 23.0
- n.a. n.a.
ð <0,5 1.0
ö 11.0 40.0
ð n.a. n.a.
ø n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð 7.0 2.0
ø 2,240.0 6,926.0
ð 2.0 17.0
ø - -
ö n.a. n.a.
ö 1,772.0 13,584.0
ø 465.0 1,263.0
ö 117.0 1,262.0
ö 8.0 25.0
ð 231.0 668.0
ð <0,5 n.a.
ð 48.0 71.0
ø 12.0 82.0
- n.a. n.a.
- n.a. n.a.
ð 6.0 25.0
- n.a. 400.0
ø 351.0 2,000.0
ð n.a. n.a.
ø 13.0 n.a.
ø 2.0 16.0
ð 7.0 8.0
Banco Grupo Cajatres SA-Caja 3
Contact details
Bank History :
On December 22,2010, Banco Grupo Cajatres SA was created by Caja de Ahorros de la Inmaculada de Aragon, Caja de
Ahorros y Monte de Piedad del Circulo Católico de Obreros de Burgos and Monte de Piedad y Caja General de Ahorros de
Badajoz.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname CTRESI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 9/14/2012
Types of accounts Cons. & Uncons. Model ALLBANKS
available
BvD indep. indicator B+
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 13,217.9 13,506.8 14,380.9 14,825.2
Gross Loans 14,130.7 14,393.9 14,892.3 15,225.1
Less: Reserves for Impaired Loans/ NPLs 912.8 887.1 511.4 399.9
Other Earning Assets 5,563.0 5,471.4 5,280.8 3,555.8
Loans and Advances to Banks 720.8 549.0 548.5 606.2
Derivatives 222.8 182.0 176.3 170.2
Other Securities 4,470.0 4,560.7 4,512.5 2,770.3
Remaining earning assets 149.4 179.7 43.5 9.1
Total Earning Assets 18,780.9 18,978.2 19,661.7 18,381.0
Fixed Assets 595.0 586.6 665.1 730.5
Non-Earning Assets 1,348.8 1,198.2 1,067.2 865.0
Total Assets 20,724.7 20,763.0 21,394.0 19,976.5
Notes
Impaired Loans (Memo) 1,393.7 912.1 703.4 357.4
Loan Loss Reserves (Memo) 912.8 887.1 511.4 399.9
Liquid Assets (Memo) 978.3 841.4 1,075.5 1,109.3
Intangibles (Memo) 23.3 20.2 28.4 40.6
Off Balance Sheet Items n.a. n.a. n.a. n.a.
INCOME STATEMENT
Not Audited Qualified Audit n.a. Audit n.a.
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 276.4 311.7 423.9 442.7
Other Operating Income 172.5 221.7 36.1 58.8
Net Gains (Losses) on Trading and Derivatives 63.7 80.4 2.0 -6.6
Net Gains (Losses) on Assets at FV through Income n.a. n.a. 0.8 -1.6
Statement
Net Fees and Commissions 65.5 77.7 66.3 78.2
Remaining Operating Income 43.3 63.6 -33.0 -11.2
Overheads 292.5 283.3 274.5 291.0
Loan Loss Provisions 45.1 146.1 141.7 94.7
Other -87.9 -70.1 -10.7 5.4
Profit before Tax 23.4 33.9 33.1 121.2
Tax 8.1 5.5 -5.0 20.6
Net Income 15.3 28.4 26.2 80.5
Operating Income (Memo) 442.6 534.7 525.9 528.0
Net Gains (Losses) on Trading and Derivatives 63.7 80.4 2.0 -6.6
Net Gains (Losses) on Other Securities 18.4 62.3 13.7 10.9
Net Gains (Losses) on Assets at FV through Income n.a. n.a. 0.8 -1.6
Statement
Net Insurance Income -16.9 -16.4 -18.4 -17.6
Net Fees and Commissions 65.5 77.7 66.3 78.2
Other Operating Income 35.5 19.0 37.6 22.0
Total Non-Interest Operating Income 166.2 223.0 102.0 85.3
Personnel Expenses 167.9 173.7 172.4 176.2
Other Operating Expenses 124.6 109.6 102.1 114.8
Total Non-Interest Expenses 292.5 283.3 274.5 291.0
Memo: Net Income after Allocation to Non- 15.3 28.4 26.2 80.5
controlling Interests
Memo: Common Dividends Relating to the Period n.a. n.a. n.a. n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. 970.9 1,011.0
Other Mortgage Loans n.a. n.a. 0.0 0.0
Other Consumer/ Retail Loans n.a. n.a. 131.7 3,791.2
Corporate & Commercial Loans n.a. n.a. 2,514.2 7,442.3
Other Loans 14,130.7 14,393.9 11,275.5 2,980.6
Less: Reserves for Impaired Loans/ NPLs 912.8 887.1 511.4 399.9
Net Loans 13,217.9 13,506.8 14,380.9 14,825.2
Gross Loans 14,130.7 14,393.9 14,892.3 15,225.1
Memo: Impaired Loans included above 1,393.7 912.1 703.4 357.4
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 720.8 549.0 548.5 606.2
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 9.4 10.2 28.6 26.1
Derivatives 222.8 182.0 176.3 170.2
Available for Sale Securities 3,272.1 3,261.6 2,308.6 2,384.4
Held to Maturity Securities 32.8 n.a. 965.2 156.2
At-equity Investments in Associates 102.3 133.5 184.8 203.6
Other Securities 1,053.4 1,155.4 1,025.3 0.0
Total Securities 4,692.8 4,742.7 4,688.8 2,940.5
Memo: Government Securities included Above 478.1 n.a. 782.0 320.6
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 148.2 178.7 41.8 1.3
Insurance Assets 1.2 1.0 1.7 1.5
Other Earning Assets n.a. n.a. 0.0 6.3
Total Earning Assets 18,780.9 18,978.2 19,661.7 18,381.0
Non-earning Assets
Cash and Due From Banks 248.1 282.2 498.4 477.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 524.0 367.7 228.9 94.6
Fixed Assets 595.0 586.6 665.1 730.5
Goodwill 9.1 9.1 12.0 17.9
Other Intangibles 14.2 11.1 16.4 22.7
Current Tax Assets 57.9 38.7 23.8 21.7
Deferred Tax Assets 393.7 387.9 151.0 159.0
Discontinued Operations n.a. n.a. 0.0 0.0
Other Assets 101.8 101.5 136.7 72.1
Total Assets 20,724.7 20,763.0 21,394.0 19,976.5
Interest-bearing Liabilities
Customer Deposits - Current 5,090.5 5,090.3 3,407.0 3,374.5
Customer Deposits - Savings n.a. n.a. 1,804.3 1,683.2
Customer Deposits - Term 7,975.3 8,206.0 7,808.3 7,810.4
Total Customer Deposits 13,065.8 13,296.3 13,019.6 12,868.1
Deposits from Banks 560.9 168.0 560.2 182.2
Repos and Cash Collateral 470.9 318.0 n.a. n.a.
Other Deposits and Short-term Borrowings 8.0 746.3 841.4 770.6
Total Deposits, Money Market and Short-term 14,105.6 14,528.6 14,421.2 13,820.9
Funding
Senior Debt Maturing after 1 Year 3,575.1 3,224.2 3,439.3 2,768.9
Subordinated Borrowing 405.8 434.9 438.5 439.2
Other Funding n.a. n.a. 0.0 10.0
Total Long Term Funding 3,980.9 3,659.1 3,877.8 3,218.1
Derivatives 79.3 81.1 115.7 43.0
Trading Liabilities n.a. n.a. 15.0 0.0
Total Funding 18,165.8 18,268.8 18,429.7 17,082.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt 9.4 10.2 0.0 0.0
Credit impairment reserves n.a. n.a. 0.0 0.0
Reserves for Pensions and Other 72.8 108.2 110.0 93.6
Current Tax Liabilities 12.2 5.8 11.1 11.5
Deferred Tax Liabilities 127.3 118.2 104.7 98.7
Other Deferred Liabilities n.a. n.a. 0.0 0.0
Discontinued Operations n.a. n.a. 0.0 0.0
Insurance Liabilities 852.2 758.9 791.2 656.0
Other Liabilities 280.1 256.6 283.4 377.0
Total Liabilities 19,519.8 19,526.7 19,730.1 18,318.8
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. 0.0 0.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. 0.0 0.0
Equity
Equity
Common Equity 1,225.0 1,234.9 1,652.1 1,660.1
Non-controlling Interest 1.4 1.4 2.9 2.0
Securities Revaluation Reserves -10.9 n.a. 27.0 -10.4
Foreign Exchange Revaluation Reserves n.a. n.a. 0.5 0.0
Fixed Asset Revaluations and Other Accumulated -10.6 n.a. -18.6 6.0
OCI
Total Equity 1,204.9 1,236.3 1,663.9 1,657.7
Total Liabilities and Equity 20,724.7 20,763.0 21,394.0 19,976.5
Memo: Fitch Core Capital 1,140.3 1,185.0 1,589.2 1,617.1
Memo: Fitch Eligible Capital 1,140.3 1,185.0 1,589.2 1,617.1
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.17 3.28 4.58 5.85
Interest Expense on Customer Deposits/ Average 2.74 2.57 3.06 3.90
Customer Deposits%
Interest Income/ Average Earning Assets% 3.58 3.44 4.36 5.57
Interest Expense/ Average Interest-bearing 2.18 1.95 2.28 3.36
Liabilities%
Net Interest Income/ Average Earning Assets% 1.47 1.61 2.23 2.46
Net Int. Inc Less Loan Impairment Charges/ Av. 1.23 0.86 1.48 1.93
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.47 1.61 2.23 2.46
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 37.55 41.71 19.40 16.16
Non-Interest Expense/ Gross Revenues% 66.09 52.98 52.20 55.11
Non-Interest Expense/ Average Assets% 1.42 1.35 1.33 1.49
Pre-impairment Op. Profit/ Average Equity% 12.71 16.20 11.17 12.44
Pre-impairment Op. Profit/ Average Total Assets% 0.76 1.19 0.90 1.08
Loans and securities impairment charges/ Pre- 37.47 58.26 85.82 49.12
impairment Op. Profit%
Operating Profit/ Average Equity% 7.95 6.76 1.58 6.33
Operating Profit/ Average Total Assets% 0.47 0.50 0.13 0.55
Taxes/ Pre-tax Profit% 34.62 16.22 -15.11 17.00
Pre-Impairment Operating Profit / Risk Weighted 1.23 1.86 1.24 1.38
Assets%
Operating Profit / Risk Weighted Assets% 0.77 0.78 0.18 0.70
Other Profitability Ratios
Net Income/ Average Total Equity% 1.24 1.84 1.58 4.76
Net Income/ Average Total Assets% 0.07 0.13 0.13 0.41
Fitch Comprehensive Income/ Average Total Equity 1.24 1.84 3.83 -0.98
%
Fitch Comprehensive Income/ Average Total Assets 0.07 0.13 0.31 -0.08
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.12 0.21 0.17 0.53
Fitch Comprehensive Income/ Risk Weighted Assets 0.12 0.21 0.42 -0.11
%
Capitalization
Fitch Core Capital/Weighted Risks% 8.95 8.80 10.60 10.62
Fitch Eligible Capital/ Weighted Risks% 8.95 8.80 10.60 10.62
Tangible Common Equity/ Tangible Assets% 5.71 5.86 7.65 8.11
Tier 1 Regulatory Capital Ratio% 9.18 8.64 9.14 8.85
Total Regulatory Capital Ratio% n.a. 11.54 13.49 13.61
Core Tier 1 Regulatory Capital Ratio% 9.02 8.64 n.a. n.a.
Equity/ Total Assets% 5.81 5.95 7.78 8.30
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. n.a. n.a.
Cash Dividend Paid & Declared/ Fitch n.a. n.a. n.a. n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 1.27 2.30 1.57 4.86
Loan Quality
Growth of Total Assets% -0.18 -2.95 7.10 14.37
Growth of Gross Loans% -1.83 -3.35 -2.19 20.20
Impaired Loans(NPLs)/ Gross Loans% 9.86 6.34 4.72 2.35
Reserves for Impaired Loans/ Gross loans% 6.46 6.16 3.43 2.63
Reserves for Impaired Loans/ Impaired Loans% 65.49 97.26 72.70 111.89
Impaired Loans less Reserves for Imp Loans/ Equity 39.91 2.02 11.54 -2.56
%
Loan Impairment Charges/ Average Gross Loans% 0.32 1.00 0.94 0.64
Net Charge-offs/ Average Gross Loans% 0.31 0.97 0.06 0.04
Impaired Loans + Foreclosed Assets/ Gross Loans + 13.09 8.67 6.17 2.95
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 108.15 108.25 114.38 118.32
Interbank Assets/ Interbank Liabilities% 128.51 326.79 97.91 332.71
Customer Deposits/ Total Funding excl Derivatives% 72.24 73.11 71.09 75.52
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 3,272.1 3,261.6 2,308.6 2,384.4
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.46 1.61 2.23 2.46
Net Int Rev / Avg Assets 1.33 1.48 2.05 2.27
Oth Op Inc / Avg Assets 0.83 1.05 0.18 0.30
Non Int Exp / Avg Assets 1.63 2.04 2.01 1.97
Pre-Tax Op Inc / Avg Assets 0.54 0.49 0.21 0.59
Non Op Items & Taxes / Avg Ast -0.46 -0.36 -0.03 -0.08
Return On Avg Assets (ROAA) 0.07 0.14 0.13 0.41
Return On Avg Equity (ROAE) 1.25 1.96 1.58 4.76
Dividend Pay-Out n.a. n.a. n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a. n.a. n.a.
Non Op Items / Net Income -574.51 -246.83 -40.84 6.71
Cost To Income Ratio 65.16 53.11 59.67 58.03
Recurring Earning Power 0.75 1.19 0.90 1.08
Liquidity
Interbank Ratio 69.86 112.96 97.91 332.71
Net Loans / Tot Assets 63.78 65.05 67.22 74.21
Net Loans / Dep & ST Funding 93.71 92.97 99.72 107.27
Net Loans / Tot Dep & Bor 74.43 75.74 79.93 89.08
Liquid Assets / Dep & ST Funding 6.94 5.79 7.46 8.03
Liquid Assets / Tot Dep & Bor 5.51 4.72 5.98 6.67
Date News
1 02/05/2012 Ibercaja pulls out of Liberbank/Cajatres merger (deal no.
1601366478)
2 29/02/2012 Ibercaja may now merge with Cajatres and Liberbank as oppose
to acquisition deal: Liberbank's board approves transaction (deal
no. 1601315289)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
00
06
ragon, Caja de
l de Ahorros de
nager for more
Watch
IFRS IFRS
Audit n.a. Audit n.a.
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
13,971.7 12,425.7
14,284.5 12,666.9
312.8 241.2
3,712.0 3,771.3
1,140.8 1,846.9
41.4 46.7
2,512.1 1,874.3
17.7 3.4
17,683.7 16,197.0
624.0 584.2
808.0 684.6
19,115.7 17,465.8
13,376.5 12,591.7
11,920.8 11,086.6
201.3 675.1
1,254.4 830.0
2,971.4 2,324.3
94.8 53.2
0.0 0.0
2,876.6 2,271.1
976.9 872.7
0.0 0.0
64.9 79.9
1,726.0 1,597.2
19,115.7 17,465.8
169.4 70.9
312.8 241.2
1,672.7 2,152.1
26.5 61.4
n.a. n.a.
0.0 0.0
439.1 316.5
80.6 76.3
59.8 53.0
286.0 269.7
65.7 43.6
7.8 22.9
209.7 187.5
43.3 44.1
166.4 143.4
526.7 458.7
n.a. n.a.
13.64 13.47
8.46 8.27
2,159.2 1,929.0
1,339.7 1,184.5
1.5 1.3
IFRS IFRS
Audit n.a. Audit n.a.
Original Original
31/12/2007 31/12/2006
12 months 12 months
mil EUR mil EUR
739.7 518.9
61.2 56.1
16.6 18.4
817.5 593.4
372.6 246.3
33.4 3.6
406.0 249.9
411.5 343.5
2.2 4.7
10.9 13.4
-0.5 0.4
4.9 2.4
80.6 76.3
17.1 18.0
115.2 115.2
174.3 163.4
111.7 106.3
286.0 269.7
26.9 19.2
267.6 208.2
65.7 43.6
3.7 1.0
198.2 163.6
0.0 0.0
24.9 15.9
17.3 0.0
0.0 0.0
3.9 8.0
209.7 187.5
43.3 44.1
0.0 0.0
166.4 143.4
7.1 15.5
0.0 0.0
0.0 0.0
0.0 0.0
173.5 158.9
n.a. n.a.
166.4 143.4
n.a. n.a.
n.a. n.a.
1,012.8 927.1
0.0 0.0
3,711.2 3,859.2
6,615.1 5,228.5
2,945.4 2,652.1
312.8 241.2
13,971.7 12,425.7
14,284.5 12,666.9
169.4 70.9
n.a. n.a.
1,140.8 1,846.9
n.a. n.a.
45.2 51.3
41.4 46.7
2,132.2 1,643.5
141.7 70.3
193.0 109.2
0.0 0.0
2,553.5 1,921.0
497.1 455.8
n.a. n.a.
1.4 1.4
14.1 0.9
2.2 1.1
17,683.7 16,197.0
486.7 253.9
n.a. n.a.
3.3 1.0
624.0 584.2
12.3 47.7
14.2 13.7
7.4 10.7
97.8 86.1
0.0 0.0
186.3 271.5
19,115.7 17,465.8
3,982.7 4,120.3
1,682.7 1,724.4
6,255.4 5,241.9
11,920.8 11,086.6
201.3 675.1
n.a. n.a.
1,254.4 830.0
13,376.5 12,591.7
2,437.5 1,954.6
439.1 316.5
0.0 0.0
2,876.6 2,271.1
94.8 53.2
0.0 0.0
16,347.9 14,916.0
0.0 0.0
0.0 0.0
64.9 79.9
12.2 14.9
119.2 108.5
0.0 0.0
0.0 0.0
542.9 461.9
302.6 287.4
17,389.7 15,868.6
0.0 0.0
0.0 0.0
1,635.7 1,512.8
2.3 4.6
86.7 79.6
0.0 0.0
1.3 0.2
1,726.0 1,597.2
19,115.7 17,465.8
1,699.5 1,535.8
1,699.5 1,535.8
5.49 n.a.
3.24 n.a.
4.83 n.a.
2.60 n.a.
2.43 n.a.
2.04 n.a.
2.43 n.a.
21.87 25.11
54.30 58.80
1.56 n.a.
16.10 n.a.
1.46 n.a.
25.93 21.42
11.93 n.a.
1.08 n.a.
20.65 23.52
1.68 1.45
1.25 1.14
10.01 n.a.
0.91 n.a.
10.44 n.a.
0.95 n.a.
n.a. n.a.
1.05 1.00
1.09 1.11
10.70 10.73
10.70 10.73
8.90 8.82
8.46 8.27
13.64 13.47
n.a. n.a.
9.03 9.14
n.a. n.a.
n.a. n.a.
n.a. n.a.
9.64 8.98
9.45 n.a.
12.77 n.a.
1.19 0.56
2.19 1.90
184.65 340.20
-8.31 -10.66
0.49 n.a.
0.01 n.a.
1.21 0.57
119.83 114.25
566.72 273.57
73.34 74.59
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
19,115.7 17,465.8
15,882.3 14,315.4
n.a. n.a.
15,882.3 14,315.4
13,475.7 n.a.
16,940.4 n.a.
18,290.8 n.a.
n.a. n.a.
15,632.0 n.a.
1,574.3 n.a.
1,661.6 n.a.
11,503.7 n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
439.1 316.5
n.a. n.a.
166.4 143.4
n.a. n.a.
166.4 143.4
1,726.0 1,597.2
0.0 0.0
n.a. n.a.
n.a. n.a.
1,726.0 1,597.2
0.0 0.0
0.0 0.0
12.3 47.7
14.2 13.7
0.0 0.0
0.0 0.0
0.0 0.0
1,699.5 1,535.8
0.0 0.0
0.0 0.0
1,699.5 1,535.8
728.4 658.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
739.7 518.9
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
372.6 246.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,132.2 1,643.5
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
141.7 70.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
1.5 n.a.
0.0 n.a.
1.5 1.3
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2.3 4.6
1,723.7 1,592.6
1,726.0 1,597.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.0 0.0
1,726.0 1,597.2
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
0.0 0.0
1,339.7 1,184.5
2,159.2 1,929.0
8.46 8.27
13.64 13.47
15,882.3 14,315.4
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
2,553.5 1,921.0
n.a. n.a.
2,553.5 1,921.0
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
8.46 8.27
n.a. n.a.
13.64 13.47
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
IFRS IFRS
Audit n.a. Audit n.a.
31/12/2007 31/12/2006
2.19 1.90
15.97 12.69
184.65 340.20
1.19 0.56
0.01 0.01
0.65 0.70
9.82 4.44
n.a. n.a.
8.46 8.27
13.64 13.47
9.03 9.15
12.35 12.85
12.90 12.69
10.18 10.27
11.33 10.96
15.50 15.40
16.19 15.20
12.77 12.31
20.28 16.54
2.43 2.12
2.25 1.97
0.78 0.77
1.92 1.79
1.10 0.94
-0.19 -0.12
0.91 0.82
10.01 8.98
n.a. n.a.
n.a. n.a.
4.69 15.97
51.66 56.43
1.46 1.19
566.72 273.57
73.09 71.14
104.45 98.68
87.82 85.11
12.51 17.09
10.51 14.74
Bank information
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
- n.a. n.a.
- 1.0 2.0
- 2.0 4.0
- 9.0 11.0
- 3.0 13.0
- n.a. n.a.
- 1.0 7.0
- n.a. n.a.
- n.a. n.a.
- n.a. n.a.
- 1.0 8.0
- 2.0 3.0
- 351.0 2,000.0
ð 24.0 187.0
- 30.0 28.0
Banca March SA
Contact details
Bank History :
Established in April 1926.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname MARCHCI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 6/12/2012
Name of the Auditor Deloitte S.L. Model ALLBANKS
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator B+
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 7,933.8 7,939.1 8,084.8 8,157.9
Gross Loans 8,210.4 8,195.8 8,319.8 8,351.1
Less: Reserves for Impaired Loans/ NPLs 276.6 256.7 235.0 193.2
Other Earning Assets 4,394.6 4,053.9 3,640.4 3,331.3
Loans and Advances to Banks 742.1 594.2 616.6 717.5
Derivatives 264.1 125.4 115.5 60.5
Other Securities 3,387.9 3,333.7 2,907.7 2,552.3
Remaining earning assets 0.5 0.6 0.6 1.0
Total Earning Assets 12,328.4 11,993.0 11,725.2 11,489.2
Fixed Assets 308.8 322.0 332.6 344.3
Non-Earning Assets 567.0 460.7 473.9 447.8
Total Assets 13,204.2 12,775.7 12,531.7 12,281.3
INCOME STATEMENT
Audited Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/200 31/12/2008
12 months 12 months 12 months9 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 133.5 140.6 144.4 150.1
Other Operating Income 359.2 496.5 320.4 534.5
Net Gains (Losses) on Trading and Derivatives -2.9 -0.8 26.5 3.1
Net Gains (Losses) on Assets at FV through Income n.a. n.a. 0.0 0.0
Statement
Net Fees and Commissions 82.5 73.2 70.4 72.9
Remaining Operating Income 279.6 424.1 223.5 458.5
Overheads 219.1 188.9 184.8 182.1
Loan Loss Provisions 73.0 71.0 163.5 40.2
Other 170.4 -9.8 305.8 -25.6
Profit before Tax 371.0 367.4 422.3 436.7
Tax 28.7 -40.2 6.9 14.8
Net Income 342.3 407.6 415.4 421.9
Operating Income (Memo) 245.5 260.3 245.8 238.5
Net Gains (Losses) on Trading and Derivatives -2.9 -0.8 26.5 3.1
Net Gains (Losses) on Other Securities 1.0 16.3 0.1 4.6
Net Gains (Losses) on Assets at FV through Income n.a. n.a. 0.0 0.0
Statement
Net Insurance Income -0.2 0.7 0.8 2.7
Net Fees and Commissions 82.5 73.2 70.4 72.9
Other Operating Income 31.6 30.3 3.6 5.1
Total Non-Interest Operating Income 112.0 119.7 101.4 88.4
Personnel Expenses 107.6 106.1 107.1 109.5
Other Operating Expenses 111.5 82.8 77.7 72.6
Total Non-Interest Expenses 219.1 188.9 184.8 182.1
Memo: Net Income after Allocation to Non- 72.4 136.1 154.2 168.1
controlling Interests
Memo: Common Dividends Relating to the Period 6.0 6.0 6.0 15.5
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 8,210.4 8,195.8 8,319.8 8,351.1
Less: Reserves for Impaired Loans/ NPLs 276.6 256.7 235.0 193.2
Net Loans 7,933.8 7,939.1 8,084.8 8,157.9
Gross Loans 8,210.4 8,195.8 8,319.8 8,351.1
Memo: Impaired Loans included above 347.1 328.8 251.2 146.9
Memo: Loans at Fair Value included above n.a. n.a. 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 742.1 537.8 387.9 610.7
Reverse Repos and Cash Collateral n.a. 56.4 228.7 106.8
Trading Securities and at FV through Income 1.8 25.4 22.5 6.0
Derivatives 264.1 125.4 115.5 60.5
Available for Sale Securities 846.8 353.4 208.8 234.7
Held to Maturity Securities 31.0 20.9 22.3 20.0
At-equity Investments in Associates 2,508.3 2,934.0 2,654.1 2,291.6
Other Securities n.a. n.a. 0.0 0.0
Total Securities 3,652.0 3,515.5 3,251.9 2,719.6
Memo: Government Securities included Above 24.7 39.0 29.6 61.0
Memo: Total Securities Pledged 96.6 41.7 51.3 62.5
Investments in Property n.a. n.a. 0.0 0.0
Insurance Assets 0.5 0.6 0.6 1.0
Other Earning Assets n.a. n.a. 0.0 0.0
Total Earning Assets 12,328.4 11,993.0 11,725.2 11,489.2
Non-earning Assets
Cash and Due From Banks 197.4 168.5 176.8 194.8
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 153.5 101.2 64.2 12.1
Fixed Assets 308.8 322.0 332.6 344.3
Goodwill 9.1 9.1 148.2 148.2
Other Intangibles 4.1 4.0 3.7 3.1
Current Tax Assets 36.5 8.7 7.7 6.2
Deferred Tax Assets 134.4 150.5 57.5 59.7
Discontinued Operations n.a. n.a. 0.0 0.0
Other Assets 32.0 18.7 15.8 23.7
Total Assets 13,204.2 12,775.7 12,531.7 12,281.3
Interest-bearing Liabilities
Customer Deposits - Current 1,679.8 1,791.1 1,625.1 1,677.1
Customer Deposits - Savings n.a. n.a. 0.0 0.0
Customer Deposits - Term 5,549.9 5,107.2 4,790.5 3,863.1
Total Customer Deposits 7,229.7 6,898.3 6,415.6 5,540.2
Deposits from Banks 1,146.1 1,174.4 1,226.7 641.9
Repos and Cash Collateral 96.8 72.5 74.2 100.5
Other Deposits and Short-term Borrowings 492.3 456.2 734.2 1,160.2
Total Deposits, Money Market and Short-term 8,964.9 8,601.4 8,450.7 7,442.8
Funding
Senior Debt Maturing after 1 Year 232.6 282.2 378.3 161.2
Subordinated Borrowing n.a. n.a. 0.0 0.0
Other Funding 88.7 69.9 66.5 1,304.1
Total Long Term Funding 321.3 352.1 444.8 1,465.3
Derivatives 110.1 23.2 29.9 54.1
Trading Liabilities n.a. n.a. 0.0 0.0
Total Funding 9,396.3 8,976.7 8,925.4 8,962.2
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. 0.0 0.0
Credit impairment reserves 10.9 9.0 11.8 12.1
Reserves for Pensions and Other 46.6 28.8 32.6 50.1
Current Tax Liabilities 5.3 4.4 5.7 6.0
Deferred Tax Liabilities 58.1 64.7 19.3 19.2
Other Deferred Liabilities n.a. n.a. 0.0 0.0
Discontinued Operations n.a. n.a. 0.0 0.0
Insurance Liabilities 195.6 153.8 111.4 71.2
Other Liabilities 116.7 113.2 181.0 150.2
Total Liabilities 9,829.5 9,350.6 9,287.2 9,271.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. 0.0 0.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. 0.0 0.0
Equity
Equity
Common Equity 1,614.6 1,638.9 1,605.3 1,469.5
Non-controlling Interest 1,773.0 1,799.1 1,757.9 1,639.9
Securities Revaluation Reserves -12.7 -12.6 -118.4 -98.7
Foreign Exchange Revaluation Reserves -0.2 -0.3 -0.3 -0.4
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. n.a.
OCI
Total Equity 3,374.7 3,425.1 3,244.5 3,010.3
Total Liabilities and Equity 13,204.2 12,775.7 12,531.7 12,281.3
Memo: Fitch Core Capital 3,285.2 n.a. 2,212.7 2,007.3
Memo: Fitch Eligible Capital 3,285.2 n.a. 2,212.7 2,007.3
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.63 3.21 4.00 5.82
Interest Expense on Customer Deposits/ Average 2.57 2.32 2.92 4.71
Customer Deposits%
Interest Income/ Average Earning Assets% 2.78 2.45 3.02 4.44
Interest Expense/ Average Interest-bearing 2.23 1.66 2.31 4.06
Liabilities%
Net Interest Income/ Average Earning Assets% 1.10 1.20 1.24 1.32
Net Int. Inc Less Loan Impairment Charges/ Av. 0.50 0.59 -0.16 0.97
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.10 1.20 1.24 1.32
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 45.62 45.99 41.25 37.06
Non-Interest Expense/ Gross Revenues% 89.25 72.57 75.18 76.35
Non-Interest Expense/ Average Assets% 1.69 1.50 1.49 1.50
Pre-impairment Op. Profit/ Average Equity% 8.05 13.64 8.95 16.19
Pre-impairment Op. Profit/ Average Total Assets% 2.11 3.57 2.26 4.14
Loans and securities impairment charges/ Pre- 26.68 15.95 59.11 13.67
impairment Op. Profit%
Operating Profit/ Average Equity% 5.90 11.46 3.66 13.98
Operating Profit/ Average Total Assets% 1.54 3.00 0.92 3.58
Taxes/ Pre-tax Profit% 7.74 -10.94 1.63 3.39
Pre-Impairment Operating Profit / Risk Weighted n.a. 5.05 2.95 5.38
Assets%
Operating Profit / Risk Weighted Assets% n.a. 4.24 1.21 4.65
Other Profitability Ratios
Net Income/ Average Total Equity% 10.07 12.40 13.28 13.60
Net Income/ Average Total Assets% 2.64 3.24 3.35 3.48
Fitch Comprehensive Income/ Average Total Equity 6.54 12.03 12.65 10.50
%
Fitch Comprehensive Income/ Average Total Assets 1.71 3.14 3.19 2.69
%
Net Income/ Av. Total Assets plus Av. Managed 2.63 3.23 3.33 3.45
Securitized Assets%
Net Income/ Risk Weighted Assets% n.a. 4.59 4.37 4.52
Fitch Comprehensive Income/ Risk Weighted Assets n.a. 4.45 4.17 3.49
%
Capitalization
Fitch Core Capital/Weighted Risks% n.a. n.a. 23.30 21.50
Fitch Eligible Capital/ Weighted Risks% n.a. n.a. 23.30 21.50
Tangible Common Equity/ Tangible Assets% 25.05 26.73 24.98 23.57
Tier 1 Regulatory Capital Ratio% n.a. 22.40 19.75 17.10
Total Regulatory Capital Ratio% n.a. 22.40 19.75 17.10
Core Tier 1 Regulatory Capital Ratio% n.a. 22.40 n.a. n.a.
Equity/ Total Assets% 25.56 26.81 25.89 24.51
Cash Dividends Paid & Declared/ Net Income% 1.75 1.47 1.44 3.67
Cash Dividend Paid & Declared/ Fitch 2.70 1.52 1.52 4.76
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. 1.44 3.67
Net Income - Cash Dividends/ Total Equity% 9.97 11.73 12.62 13.50
Loan Quality
Growth of Total Assets% 3.35 1.95 2.04 2.46
Growth of Gross Loans% 0.18 -1.49 -0.37 8.15
Impaired Loans(NPLs)/ Gross Loans% 4.23 4.01 3.02 1.76
Reserves for Impaired Loans/ Gross loans% 3.37 3.13 2.82 2.31
Reserves for Impaired Loans/ Impaired Loans% 79.69 78.07 93.55 131.52
Impaired Loans less Reserves for Imp Loans/ Equity 2.09 2.11 0.50 -1.54
%
Loan Impairment Charges/ Average Gross Loans% 0.89 0.86 1.96 0.50
Net Charge-offs/ Average Gross Loans% 0.96 0.47 1.29 0.06
Impaired Loans + Foreclosed Assets/ Gross Loans + 5.99 5.18 3.76 1.90
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 113.56 118.81 129.68 150.74
Interbank Assets/ Interbank Liabilities% 64.75 45.79 31.62 95.14
Customer Deposits/ Total Funding excl Derivatives% 77.85 77.05 72.12 62.19
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 46.3 52.8 62.2 72.5
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 846.8 353.4 208.8 234.7
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. 0.0 0.0
Ratios
Operations
Net Interest Margin 1.10 1.19 1.24 1.32
Net Int Rev / Avg Assets 1.03 1.11 1.16 1.24
Oth Op Inc / Avg Assets 2.77 3.92 2.58 4.41
Non Int Exp / Avg Assets 2.25 2.05 2.81 1.83
Pre-Tax Op Inc / Avg Assets 1.54 2.98 0.94 3.81
Non Op Items & Taxes / Avg Ast 1.09 0.24 2.41 -0.33
Return On Avg Assets (ROAA) 2.64 3.22 3.35 3.48
Return On Avg Equity (ROAE) 10.07 12.22 13.28 13.60
Dividend Pay-Out 1.75 1.47 1.44 3.67
Inc Net Of Dist / Avg Equity 9.89 12.04 13.09 13.10
Non Op Items / Net Income 49.78 -2.40 73.62 -6.07
Cost To Income Ratio 44.47 29.65 39.76 26.60
Recurring Earning Power 2.11 3.54 2.26 4.14
Liquidity
Interbank Ratio 59.71 47.65 47.40 96.65
Net Loans / Tot Assets 60.09 62.14 64.52 66.43
Net Loans / Dep & ST Funding 88.50 92.30 95.67 109.61
Net Loans / Tot Dep & Bor 84.44 88.44 90.58 91.03
Liquid Assets / Dep & ST Funding 10.50 9.16 9.66 12.34
Liquid Assets / Tot Dep & Bor 10.02 8.78 9.14 10.25
Date News
1 06/07/2012 Cartera Bellver acquires Sigma Diversificación (deal no.
1601384891)
2 13/06/2012 Banca March to acquire a stake in Consulnor (deal no.
1601378229)
3 31/05/2011 Banca March to acquire controlling stake in 360 Corporate (deal
no. 1601274651)
4 12/02/2010 Arta Capital to take minority stake in Mecalux (deal no.
1601165327)
5 14/01/2009 Banca March increases its stake in ACS (deal no. 1601043078)
6 09/07/2008 Cartera Industrial REA holds rights issue (deal no. 1601001147)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
91 00
92 44
rch.es
ope)
nager for more
Watch
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
- n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð <0,5 n.a.
ð n.a. n.a.
ð 88.0 9.0
- 1.0 10.0
ö n.a. n.a.
- n.a. n.a.
ö n.a. n.a.
ð 20.0 54.0
ö n.a. n.a.
- n.a. n.a.
ö 6,094.0 7,431.0
ø 37,511.0 164,923.0
ö 31.0 155.0
ð 86.0 343.0
- 3,529.0 31,092.0
ö 3,649.0 2,680.0
ø 5.0 25.0
- 2,380.0 4,822.0
ð 8.0 n.a.
- 2.0 20.0
ò 22.0 110.0
- n.a. n.a.
ø 10.0 21.0
Caja de Ahorros de Vitoria y Alava-Caja Vital
Contact details
Bank History :
Established on June 18,1990.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname VITALIC
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 6/5/2012
Name of the Auditor PricewaterhouseCoopers Model ALLBANKS
Auditores S.L.
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator U
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 6,440.9 6,529.3 6,555.6 6,504.5
Gross Loans 6,587.1 6,678.9 6,692.0 6,635.5
Less: Reserves for Impaired Loans/ NPLs 146.2 149.6 136.4 131.0
Other Earning Assets 1,352.1 1,597.8 2,211.7 1,815.7
Loans and Advances to Banks 181.6 230.2 810.2 331.5
Derivatives 102.7 84.6 72.0 55.2
Other Securities 1,037.1 1,233.7 1,223.3 1,332.1
Remaining earning assets 30.7 49.3 106.2 96.9
Total Earning Assets 7,793.0 8,127.1 8,767.3 8,320.2
Fixed Assets 131.4 141.4 142.6 147.4
Non-Earning Assets 440.5 375.1 342.0 258.6
Total Assets 8,364.9 8,643.6 9,251.9 8,726.2
Notes
Impaired Loans (Memo) 328.1 267.9 209.2 122.0
Loan Loss Reserves (Memo) 147.6 150.8 138.1 134.3
Liquid Assets (Memo) 302.0 339.5 933.7 485.1
Intangibles (Memo) 2.5 2.9 3.0 2.2
Off Balance Sheet Items 877.7 1,133.0 1,507.4 1,663.4
INCOME STATEMENT
Unqualified Not Audited Unqualified Audited
Original Original Original Partial
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 102.6 92.2 129.9 144.1
Other Operating Income 71.7 60.6 51.0 54.6
Net Gains (Losses) on Trading and Derivatives 0.6 -0.4 1.9 1.5
Net Gains (Losses) on Assets at FV through Income 0.0 0.0 0.0 0.0
Statement
Net Fees and Commissions 41.4 40.4 38.9 38.7
Remaining Operating Income 29.7 20.6 10.2 14.4
Overheads 114.3 110.3 109.3 106.9
Loan Loss Provisions 29.7 42.9 6.4 27.6
Other -18.5 36.7 10.5 23.7
Profit before Tax 11.8 36.3 75.7 87.9
Tax -2.9 -2.3 7.3 11.9
Net Income 14.7 38.6 68.4 76.0
Operating Income (Memo) 171.5 155.8 187.6 196.4
Net Gains (Losses) on Trading and Derivatives 0.6 -0.4 1.9 1.5
Net Gains (Losses) on Other Securities 8.6 5.4 3.0 1.9
Net Gains (Losses) on Assets at FV through Income 0.0 0.0 0.0 0.0
Statement
Net Insurance Income 0.0 0.0 0.0 0.0
Net Fees and Commissions 41.4 40.4 38.9 38.7
Other Operating Income 18.3 18.2 13.9 10.2
Total Non-Interest Operating Income 68.9 63.6 57.7 52.3
Personnel Expenses 62.0 61.7 60.5 60.0
Other Operating Expenses 52.3 48.6 48.8 46.9
Total Non-Interest Expenses 114.3 110.3 109.3 106.9
Memo: Net Income after Allocation to Non- 14.8 38.2 67.6 75.4
controlling Interests
Memo: Common Dividends Relating to the Period 7.5 11.1 18.4 20.6
Memo: Preferred Dividends Related to the Period 0.0 0.0 0.0 n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. 3,051.8 2,975.1 3,316.6
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. 670.6 707.7 194.8
Corporate & Commercial Loans n.a. 2,784.6 2,826.6 2,492.1
Other Loans 6,587.1 171.9 182.6 632.0
Less: Reserves for Impaired Loans/ NPLs 146.2 149.6 136.4 131.0
Net Loans 6,440.9 6,529.3 6,555.6 6,504.5
Gross Loans 6,587.1 6,678.9 6,692.0 6,635.5
Memo: Impaired Loans included above 328.1 267.9 209.2 122.0
Memo: Loans at Fair Value included above 0.0 0.0 0.0 0.0
Other Earning Assets
Loans and Advances to Banks 181.6 230.2 810.2 331.5
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 0.0 9.8 22.5 13.2
Derivatives 102.7 84.6 72.0 55.2
Available for Sale Securities 983.2 1,182.8 1,158.8 1,282.0
Held to Maturity Securities 0.0 0.0 0.0 0.0
At-equity Investments in Associates 53.9 41.1 42.0 36.9
Other Securities 0.0 0.0 0.0 0.0
Total Securities 1,139.8 1,318.3 1,295.3 1,387.3
Memo: Government Securities included Above 362.8 434.7 432.8 669.7
Memo: Total Securities Pledged 244.5 296.4 508.8 606.0
Investments in Property 30.7 49.3 103.8 96.9
Insurance Assets 0.0 0.0 0.0 0.0
Other Earning Assets 0.0 0.0 2.4 0.0
Total Earning Assets 7,793.0 8,127.1 8,767.3 8,320.2
Non-earning Assets
Cash and Due From Banks 120.4 99.5 101.0 140.4
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 278.5 237.4 205.9 75.1
Fixed Assets 131.4 141.4 142.6 147.4
Goodwill 0.0 0.0 0.0 0.0
Other Intangibles 2.5 2.9 3.0 2.2
Current Tax Assets 8.7 9.3 4.1 9.7
Deferred Tax Assets 29.1 18.3 17.8 13.5
Discontinued Operations 0.0 0.0 0.0 0.0
Other Assets 1.3 7.7 10.2 17.7
Total Assets 8,364.9 8,643.6 9,251.9 8,726.2
Interest-bearing Liabilities
Customer Deposits - Current 722.0 1,296.0 1,321.9 1,244.1
Customer Deposits - Savings 1,480.3 1,204.9 1,166.8 1,023.5
Customer Deposits - Term 2,366.6 2,238.1 2,189.7 2,290.9
Total Customer Deposits 4,568.9 4,739.0 4,678.4 4,558.5
Deposits from Banks 194.0 49.7 46.0 27.3
Repos and Cash Collateral 217.9 287.0 657.4 765.0
Other Deposits and Short-term Borrowings 229.0 223.3 435.8 215.3
Total Deposits, Money Market and Short-term 5,209.8 5,299.0 5,817.6 5,566.1
Funding
Senior Debt Maturing after 1 Year 465.7 688.4 963.4 952.9
Subordinated Borrowing 0.0 0.0 8.3 8.3
Other Funding 1,641.7 1,577.4 1,361.3 1,205.3
Total Long Term Funding 2,107.4 2,265.8 2,333.0 2,166.5
Derivatives 28.5 26.9 22.6 26.3
Trading Liabilities 0.0 0.0 0.0 0.0
Total Funding 7,345.7 7,591.7 8,173.2 7,758.9
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. 0.0 0.0 0.0
Credit impairment reserves 1.4 1.2 1.7 3.3
Reserves for Pensions and Other 16.0 16.1 23.1 22.3
Current Tax Liabilities 4.7 6.0 11.8 13.1
Deferred Tax Liabilities 26.5 26.9 32.3 30.9
Other Deferred Liabilities n.a. 0.0 0.0 0.0
Discontinued Operations n.a. 0.0 0.0 0.0
Insurance Liabilities n.a. 0.0 0.0 0.0
Other Liabilities 142.1 158.1 155.9 96.1
Total Liabilities 7,536.4 7,800.0 8,398.0 7,924.6
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 0.0 0.0 0.0 0.0
Debt
Pref. Shares and Hybrid Capital accounted for as 0.0 0.0 0.0 0.0
Equity
Equity
Common Equity 815.5 811.9 792.1 745.1
Non-controlling Interest 0.7 0.8 4.8 4.4
Securities Revaluation Reserves 11.3 30.0 56.3 53.0
Foreign Exchange Revaluation Reserves 0.0 0.0 0.0 0.0
Fixed Asset Revaluations and Other Accumulated 1.0 0.9 0.7 -0.9
OCI
Total Equity 828.5 843.6 853.9 801.6
Total Liabilities and Equity 8,364.9 8,643.6 9,251.9 8,726.2
Memo: Fitch Core Capital 813.2 831.6 844.4 794.3
Memo: Fitch Eligible Capital 813.2 831.6 844.4 794.3
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 2.97 2.48 3.82 5.52
Interest Expense on Customer Deposits/ Average 2.52 n.a. n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 3.03 2.49 3.62 5.23
Interest Expense/ Average Interest-bearing 1.87 1.50 2.22 3.70
Liabilities%
Net Interest Income/ Average Earning Assets% 1.27 1.09 1.55 1.81
Net Int. Inc Less Loan Impairment Charges/ Av. 0.90 0.58 1.47 1.46
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.27 1.09 1.55 1.81
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 40.17 40.82 30.76 26.63
Non-Interest Expense/ Gross Revenues% 66.65 70.80 58.26 54.43
Non-Interest Expense/ Average Assets% 1.33 1.23 1.23 1.28
Pre-impairment Op. Profit/ Average Equity% 7.12 5.03 8.78 11.70
Pre-impairment Op. Profit/ Average Total Assets% 0.70 0.48 0.81 1.10
Loans and securities impairment charges/ Pre- 54.50 99.06 6.84 32.35
impairment Op. Profit%
Operating Profit/ Average Equity% 3.24 0.05 8.18 7.91
Operating Profit/ Average Total Assets% 0.32 0.00 0.75 0.74
Taxes/ Pre-tax Profit% -24.58 -6.34 9.64 13.54
Pre-Impairment Operating Profit / Risk Weighted 1.05 0.76 1.08 1.39
Assets%
Operating Profit / Risk Weighted Assets% 0.48 0.01 1.00 0.94
Other Profitability Ratios
Net Income/ Average Total Equity% 1.74 4.57 8.39 9.68
Net Income/ Average Total Assets% 0.17 0.43 0.77 0.91
Fitch Comprehensive Income/ Average Total Equity 0.46 1.49 8.65 3.85
%
Fitch Comprehensive Income/ Average Total Assets 0.05 0.14 0.80 0.36
%
Net Income/ Av. Total Assets plus Av. Managed 0.17 0.43 0.77 0.91
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.26 0.69 1.03 1.15
Fitch Comprehensive Income/ Risk Weighted Assets 0.07 0.23 1.06 0.46
%
Capitalization
Fitch Core Capital/Weighted Risks% 14.26 14.89 12.69 12.03
Fitch Eligible Capital/ Weighted Risks% 14.26 14.89 12.69 12.03
Tangible Common Equity/ Tangible Assets% 9.74 9.63 9.14 9.11
Tier 1 Regulatory Capital Ratio% 13.52 12.51 11.35 10.69
Total Regulatory Capital Ratio% 14.27 13.82 12.97 12.88
Core Tier 1 Regulatory Capital Ratio% 13.52 12.51 11.35 10.69
Equity/ Total Assets% 9.90 9.76 9.23 9.19
Cash Dividends Paid & Declared/ Net Income% 51.02 28.76 26.90 27.11
Cash Dividend Paid & Declared/ Fitch 192.31 88.10 26.10 68.21
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. 28.76 26.90 n.a.
Net Income - Cash Dividends/ Total Equity% 0.87 3.26 5.86 6.91
Loan Quality
Growth of Total Assets% -3.22 -6.57 6.02 8.04
Growth of Gross Loans% -1.37 -0.20 0.85 7.41
Impaired Loans(NPLs)/ Gross Loans% 4.98 4.01 3.13 1.84
Reserves for Impaired Loans/ Gross loans% 2.22 2.24 2.04 1.97
Reserves for Impaired Loans/ Impaired Loans% 44.56 55.84 65.20 107.38
Impaired Loans less Reserves for Imp Loans/ Equity 21.96 14.02 8.53 -1.12
%
Loan Impairment Charges/ Average Gross Loans% 0.45 0.64 0.10 0.43
Net Charge-offs/ Average Gross Loans% 0.50 0.43 0.02 0.16
Impaired Loans + Foreclosed Assets/ Gross Loans + 8.84 7.31 6.02 2.94
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 144.17 140.93 143.04 145.56
Interbank Assets/ Interbank Liabilities% 93.61 463.18 n.s. n.s.
Customer Deposits/ Total Funding excl Derivatives% 62.44 62.65 57.40 58.95
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 35.0 21.6 24.2 27.4
Sheet
Other off-balance sheet exposure to securitizations 0.0 0.0 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 0.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. 9.8 22.5 13.2
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. 9.8 22.5 13.2
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. 434.7 432.8 669.7
AFS Assets - Banks n.a. 12.0 60.2 56.6
AFS Assets - Corporates n.a. 496.8 423.2 282.2
AFS Assets - Structured n.a. 0.0 0.0 0.0
AFS Assets - Equities n.a. 216.2 212.8 235.4
AFS Assets - Other n.a. 23.1 29.8 38.1
Total AFS Assets 983.2 1,182.8 1,158.8 1,282.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.29 1.09 1.52 1.79
Net Int Rev / Avg Assets 1.21 1.03 1.45 1.72
Oth Op Inc / Avg Assets 0.84 0.68 0.57 0.65
Non Int Exp / Avg Assets 1.69 1.71 1.29 1.60
Pre-Tax Op Inc / Avg Assets 0.36 0.00 0.73 0.76
Non Op Items & Taxes / Avg Ast -0.18 0.44 0.04 0.14
Return On Avg Assets (ROAA) 0.17 0.43 0.76 0.91
Return On Avg Equity (ROAE) 1.76 4.55 8.26 9.54
Dividend Pay-Out 51.02 28.76 26.90 27.11
Inc Net Of Dist / Avg Equity 0.86 3.24 6.04 6.96
Non Op Items / Net Income -125.85 95.08 15.35 31.18
Cost To Income Ratio 65.58 72.19 60.42 53.80
Recurring Earning Power 0.71 0.48 0.80 1.09
Liquidity
Interbank Ratio 44.09 68.37 115.18 41.84
Net Loans / Tot Assets 77.00 75.54 70.86 74.54
Net Loans / Dep & ST Funding 123.63 123.22 112.69 116.86
Net Loans / Tot Dep & Bor 87.68 86.01 80.29 83.92
Liquid Assets / Dep & ST Funding 5.80 6.41 16.05 8.72
Liquid Assets / Tot Dep & Bor 4.11 4.47 11.44 6.26
Date News
1 27/06/2012 Kutxabank Gestión acquires Kutxagest and Vitalgestión (deal no.
1601382006)
2 19/12/2011 BBK, Caja Vital and Kutxa sells Servatas to Tecnitasa (deal no.
1601255907)
3 13/12/2011 Caja de Crédito de Los Ingenieros acquires a stake in Norbolsa
(deal no. 1601325064)
4 19/09/2011 BBK approves integration of assets in new entity with Kutxa and
Caja Vital (deal no. 1601286390)
5 11/08/2011 BBK and Caja Vital create new banking entity (deal no.
1601286391)
6 29/03/2011 Basque government acquires Alokabide (deal no. 1601258711)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
20 00
20 28
es
nager for more
Watch
Vari-
ation
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð 1.0 n.a.
ð n.a. n.a.
ø n.a. n.a.
ð 8.0 n.a.
ð n.a. 1.0
ð 3.0 23.0
ð - -
ð n.a. n.a.
ð 6.0 25.0
ð n.a. n.a.
ö <0,5 n.a.
ð n.a. n.a.
ð 3.0 10.0
ð <0,5 1.0
ð n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð - -
ð 7.0 103.0
ð 2.0 17.0
ð 117.0 1,262.0
ð n.a. n.a.
ö 6.0 42.0
ð 123.0 583.0
ö 7.0 8.0
ð 8.0 25.0
ð n.a. n.a.
ö 8.0 n.a.
ð <0,5 n.a.
ð 652.0 40.0
ð 48.0 71.0
ð 80,873.0 46,575.0
ð 9,577.0 31,857.0
- n.a. n.a.
ò n.a. n.a.
ð 8.0 28.0
ð <0,5 n.a.
- n.a. n.a.
ø 12.0 82.0
ð - -
ð n.a. n.a.
ø 39.0 391.0
ø 41,791.0 31,885.0
ð 351.0 2,000.0
ð n.a. n.a.
ð <0,5 1.0
ø 13.0 n.a.
ø 2.0 16.0
ø 11.0 40.0
Caja de Ahorros y Monte de Piedad de Ontinyent - Caixa Ontinyent
Contact details
Bank History :
Established in 1884.
Status Active Consolidation Code U1
Accounting Standards International Financial Nickname ONTI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 7/9/2012
Types of accounts Uncons. & Add. Uncons. Model ALLBANKS
available
BvD indep. indicator U
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 731.8 773.9 820.2 859.2
Gross Loans 763.0 801.3 845.0 878.4
Less: Reserves for Impaired Loans/ NPLs 31.2 27.4 24.8 19.2
Other Earning Assets 122.6 111.2 108.6 69.5
Loans and Advances to Banks 28.9 4.4 8.4 3.9
Derivatives 15.6 11.7 10.0 6.2
Other Securities 75.8 93.0 87.5 56.6
Remaining earning assets 2.3 2.1 2.7 2.8
Total Earning Assets 854.4 885.1 928.8 928.7
Fixed Assets 24.3 25.3 26.4 24.8
Non-Earning Assets 35.9 21.4 25.2 26.6
Total Assets 914.6 931.8 980.4 980.1
INCOME STATEMENT
Unqualified Unqualified Unqualified Audited
Original Restated Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 17.0 20.5 23.4 24.1
Other Operating Income 7.1 13.0 8.1 6.5
Net Gains (Losses) on Trading and Derivatives -0.4 0.3 0.5 -1.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. 0.0 0.0
Statement
Net Fees and Commissions 6.1 5.7 5.5 5.4
Remaining Operating Income 1.4 7.0 2.1 2.1
Overheads 17.5 19.1 20.1 20.6
Loan Loss Provisions 5.0 8.4 5.8 2.9
Other -0.3 -1.2 -0.1 -0.3
Profit before Tax 1.3 4.8 5.5 6.8
Tax 0.1 0.9 0.9 1.4
Net Income 1.0 3.6 4.5 5.4
Operating Income (Memo) 24.1 33.5 31.5 30.6
Net Gains (Losses) on Trading and Derivatives -0.4 0.3 0.5 -1.0
Net Gains (Losses) on Other Securities 0.3 1.0 0.1 0.5
Net Gains (Losses) on Assets at FV through Income n.a. n.a. 0.0 0.0
Statement
Net Insurance Income n.a. n.a. 0.0 0.0
Net Fees and Commissions 6.1 5.7 5.5 5.4
Other Operating Income 1.1 6.0 2.0 1.6
Total Non-Interest Operating Income 7.1 13.0 8.1 6.5
Personnel Expenses 11.7 12.6 12.8 12.7
Other Operating Expenses 5.8 6.5 7.3 7.9
Total Non-Interest Expenses 17.5 19.1 20.1 20.6
Memo: Net Income after Allocation to Non- 1.0 3.6 4.5 5.4
controlling Interests
Memo: Common Dividends Relating to the Period n.a. n.a. n.a. n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 763.0 801.3 845.0 878.4
Less: Reserves for Impaired Loans/ NPLs 31.2 27.4 24.8 19.2
Net Loans 731.8 773.9 820.2 859.2
Gross Loans 763.0 801.3 845.0 878.4
Memo: Impaired Loans included above 39.3 33.9 28.9 19.7
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 28.9 4.4 8.4 3.9
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income n.a. n.a. 0.0 0.0
Derivatives 15.6 11.7 10.0 6.2
Available for Sale Securities 47.5 25.8 20.6 15.7
Held to Maturity Securities 25.9 66.2 65.8 39.8
At-equity Investments in Associates 2.4 1.0 1.1 1.1
Other Securities n.a. n.a. 0.0 0.0
Total Securities 91.4 104.7 97.5 62.8
Memo: Government Securities included Above 25.6 6.1 n.a. n.a.
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 2.3 2.1 2.7 2.8
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. n.a. n.a. n.a.
Total Earning Assets 854.4 885.1 928.8 928.7
Non-earning Assets
Cash and Due From Banks 20.4 8.8 15.4 17.2
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 6.2 4.6 0.8 0.3
Fixed Assets 24.3 25.3 26.4 24.8
Goodwill n.a. n.a. 0.0 0.0
Other Intangibles 0.0 0.1 0.2 0.3
Current Tax Assets 0.3 0.3 0.3 0.2
Deferred Tax Assets 8.4 6.9 5.7 5.9
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 0.6 0.7 2.8 2.7
Total Assets 914.6 931.8 980.4 980.1
Interest-bearing Liabilities
Customer Deposits - Current 141.7 132.2 137.9 123.2
Customer Deposits - Savings 146.5 144.8 144.4 132.6
Customer Deposits - Term 321.4 309.3 368.2 395.8
Total Customer Deposits 609.6 586.3 650.5 651.6
Deposits from Banks 19.7 27.9 24.6 19.2
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 16.0 10.0 10.0 43.0
Total Deposits, Money Market and Short-term 645.3 624.2 685.1 713.8
Funding
Senior Debt Maturing after 1 Year 155.0 195.0 195.0 170.0
Subordinated Borrowing 12.0 12.1 12.0 12.1
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 167.0 207.1 207.0 182.1
Derivatives 1.0 1.1 1.5 2.8
Trading Liabilities n.a. n.a. n.a. n.a.
Total Funding 813.3 832.4 893.6 898.7
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves 0.7 1.9 1.9 1.8
Reserves for Pensions and Other 3.2 3.0 3.1 3.3
Current Tax Liabilities 0.7 0.8 0.6 0.3
Deferred Tax Liabilities 1.8 1.4 1.4 1.5
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a. n.a.
Other Liabilities 27.0 24.4 14.0 13.9
Total Liabilities 846.7 863.9 914.6 919.5
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 7.0 7.0 7.0 7.1
Debt
Pref. Shares and Hybrid Capital accounted for as 0.0 0.0 0.0 0.0
Equity
Equity
Common Equity 63.6 63.1 60.7 57.8
Non-controlling Interest n.a. n.a. n.a. n.a.
Securities Revaluation Reserves -2.7 -2.2 -1.9 -4.3
Foreign Exchange Revaluation Reserves n.a. n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. n.a.
OCI
Total Equity 60.9 60.9 58.8 53.5
Total Liabilities and Equity 914.6 931.8 980.4 980.1
Memo: Fitch Core Capital 54.3 55.3 58.6 53.2
Memo: Fitch Eligible Capital 61.3 62.3 65.6 60.3
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.61 3.67 5.00 5.92
Interest Expense on Customer Deposits/ Average 2.80 2.74 3.50 3.65
Customer Deposits%
Interest Income/ Average Earning Assets% 3.61 3.62 4.86 5.91
Interest Expense/ Average Interest-bearing 1.76 1.43 2.42 3.34
Liabilities%
Net Interest Income/ Average Earning Assets% 1.96 2.26 2.51 2.71
Net Int. Inc Less Loan Impairment Charges/ Av. 1.38 1.33 1.89 2.38
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.96 2.26 2.51 2.71
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 29.46 38.81 25.71 21.24
Non-Interest Expense/ Gross Revenues% 72.61 57.01 63.81 67.32
Non-Interest Expense/ Average Assets% 1.90 1.99 2.03 2.20
Pre-impairment Op. Profit/ Average Equity% 10.75 24.04 20.43 18.35
Pre-impairment Op. Profit/ Average Total Assets% 0.72 1.50 1.15 1.07
Loans and securities impairment charges/ Pre- 71.21 62.50 49.12 32.00
impairment Op. Profit%
Operating Profit/ Average Equity% 3.09 9.02 10.39 12.48
Operating Profit/ Average Total Assets% 0.21 0.56 0.59 0.73
Taxes/ Pre-tax Profit% 7.69 18.75 16.36 20.59
Pre-Impairment Operating Profit / Risk Weighted n.a. n.a. n.a. n.a.
Assets%
Operating Profit / Risk Weighted Assets% n.a. n.a. n.a. n.a.
Other Profitability Ratios
Net Income/ Average Total Equity% 1.63 6.01 8.06 9.91
Net Income/ Average Total Assets% 0.11 0.38 0.46 0.58
Fitch Comprehensive Income/ Average Total Equity 0.65 5.51 12.37 2.02
%
Fitch Comprehensive Income/ Average Total Assets 0.04 0.34 0.70 0.12
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. 0.46 0.58
Securitized Assets%
Net Income/ Risk Weighted Assets% n.a. n.a. n.a. n.a.
Fitch Comprehensive Income/ Risk Weighted Assets n.a. n.a. n.a. n.a.
%
Capitalization
Fitch Core Capital/Weighted Risks% n.a. n.a. n.a. n.a.
Fitch Eligible Capital/ Weighted Risks% n.a. n.a. n.a. n.a.
Tangible Common Equity/ Tangible Assets% 5.98 5.97 5.98 5.43
Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Total Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% 6.66 6.54 6.00 5.46
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. n.a. n.a.
Cash Dividend Paid & Declared/ Fitch n.a. n.a. n.a. n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 1.64 5.91 7.65 10.09
Loan Quality
Growth of Total Assets% -1.85 -4.96 0.03 8.36
Growth of Gross Loans% -4.78 -5.17 -3.80 7.17
Impaired Loans(NPLs)/ Gross Loans% 5.15 4.23 3.42 2.24
Reserves for Impaired Loans/ Gross loans% 4.09 3.42 2.93 2.19
Reserves for Impaired Loans/ Impaired Loans% 79.39 80.83 85.81 97.46
Impaired Loans less Reserves for Imp Loans/ Equity 13.30 10.67 6.97 0.93
%
Loan Impairment Charges/ Average Gross Loans% 0.64 1.02 0.67 0.34
Net Charge-offs/ Average Gross Loans% -0.32 0.12 0.01 0.04
Impaired Loans + Foreclosed Assets/ Gross Loans + 5.92 4.78 3.51 2.28
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 125.16 136.67 129.90 134.81
Interbank Assets/ Interbank Liabilities% 146.70 15.77 34.15 20.31
Customer Deposits/ Total Funding excl Derivatives% 75.05 70.53 72.92 72.73
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. 0.0 0.0
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. 0.0 0.0
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 7.2
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 8.6
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 47.5 25.8 20.6 15.7
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 39.8
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.96 2.26 2.52 2.69
Net Int Rev / Avg Assets 1.84 2.14 2.39 2.56
Oth Op Inc / Avg Assets 0.77 1.36 0.83 0.69
Non Int Exp / Avg Assets 2.44 2.88 2.64 2.49
Pre-Tax Op Inc / Avg Assets 0.17 0.63 0.57 0.75
Non Op Items & Taxes / Avg Ast -0.04 -0.22 -0.10 -0.18
Return On Avg Assets (ROAA) 0.11 0.38 0.46 0.57
Return On Avg Equity (ROAE) 1.64 6.02 8.01 10.02
Dividend Pay-Out n.a. n.a. n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a. n.a. n.a.
Non Op Items / Net Income -30.00 -33.33 -2.22 -5.56
Cost To Income Ratio 72.61 57.02 63.81 67.32
Recurring Earning Power 0.72 1.51 1.16 1.06
Liquidity
Interbank Ratio 146.70 15.77 34.15 20.31
Net Loans / Tot Assets 80.01 83.05 83.66 87.67
Net Loans / Dep & ST Funding 113.41 123.98 119.72 120.37
Net Loans / Tot Dep & Bor 91.33 94.34 93.04 96.91
Liquid Assets / Dep & ST Funding 7.64 2.12 3.47 2.96
Liquid Assets / Tot Dep & Bor 6.15 1.61 2.70 2.38
Date News
1 07/01/2010 Caixa Ontinyent may merge with Bancaja or CAM (deal no.
1601148494)
Source : Zephyr
Current Directors / Managers / Contacts
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
91 00
91 60
nyent.es
nager for more
Watch
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
ð n.a. n.a.
ð <0,5 n.a.
- n.a. n.a.
ð 1.0 17.0
ð 1.0 7.0
ö n.a. 1.0
ð 8.0 90.0
ö 7.0 8.0
ð 8.0 25.0
ø 24.0 88.0
ð n.a. n.a.
ð 117.0 1,262.0
ø 13.0 n.a.
Colonya, Caixa d'Estalvis de Pollensa
Contact details
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 288.6 281.2 273.9
Gross Loans 296.5 288.4 273.9
Less: Reserves for Impaired Loans/ NPLs 7.9 7.2 n.a.
Other Earning Assets 47.3 49.9 28.6
Loans and Advances to Banks 1.9 1.5 2.3
Derivatives 0.6 1.1 0.1
Other Securities 39.6 43.5 26.1
Remaining earning assets 5.2 3.8 0.1
Total Earning Assets 335.9 331.1 302.5
Fixed Assets 11.6 12.0 15.4
Non-Earning Assets 5.8 7.5 9.3
Total Assets 353.3 350.6 327.2
Notes
Impaired Loans (Memo) 10.7 8.1 n.a.
Loan Loss Reserves (Memo) 7.9 7.2 n.a.
Liquid Assets (Memo) 5.2 6.5 9.1
Intangibles (Memo) 1.0 1.0 0.8
Off Balance Sheet Items 25.6 23.1 n.a.
INCOME STATEMENT
Unqualified Audited Audited
Original Original Preliminary
31/12/2011 31/12/2010 31/12/2008
12 months 12 months 12 months
mil EUR mil EUR mil EUR
Net Interest Revenue 7.6 8.4 9.8
Other Operating Income 2.4 3.3 2.0
Net Gains (Losses) on Trading and Derivatives n.a. 0.0 0.0
Net Gains (Losses) on Assets at FV through Income 0.0 n.a. n.a.
Statement
Net Fees and Commissions 2.0 1.9 1.2
Remaining Operating Income 0.4 1.4 0.8
Overheads 7.3 7.5 7.6
Loan Loss Provisions 1.0 0.9 1.2
Other -0.2 0.0 -0.3
Profit before Tax 1.5 3.3 2.7
Tax 0.4 0.8 0.5
Net Income 1.1 2.5 2.1
Operating Income (Memo) 10.0 11.7 11.8
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a.
Other Loans 296.5 288.4 273.9
Less: Reserves for Impaired Loans/ NPLs 7.9 7.2 n.a.
Net Loans 288.6 281.2 273.9
Gross Loans 296.5 288.4 273.9
Memo: Impaired Loans included above 10.7 8.1 n.a.
Memo: Loans at Fair Value included above n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 1.9 1.5 2.3
Reverse Repos and Cash Collateral n.a. n.a. n.a.
Trading Securities and at FV through Income n.a. n.a. n.a.
Derivatives 0.6 1.1 0.1
Available for Sale Securities 0.8 1.0 0.6
Held to Maturity Securities 19.5 23.2 25.5
At-equity Investments in Associates n.a. n.a. n.a.
Other Securities 19.3 19.3 n.a.
Total Securities 40.2 44.6 26.2
Memo: Government Securities included Above n.a. n.a. n.a.
Memo: Total Securities Pledged n.a. n.a. n.a.
Investments in Property 2.7 2.6 n.a.
Insurance Assets n.a. n.a. n.a.
Other Earning Assets 2.5 1.2 0.1
Total Earning Assets 335.9 331.1 302.5
Non-earning Assets
Cash and Due From Banks 3.3 5.0 6.8
Memo: Mandatory Reserves included above n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a.
Fixed Assets 11.6 12.0 15.4
Goodwill n.a. n.a. 0.0
Other Intangibles 1.0 1.0 0.8
Current Tax Assets 0.1 0.0 0.0
Deferred Tax Assets 1.4 1.4 1.6
Discontinued Operations n.a. n.a. n.a.
Other Assets 0.0 0.1 0.1
Total Assets 353.3 350.6 327.2
Interest-bearing Liabilities
Customer Deposits - Current 50.7 53.3 250.6
Customer Deposits - Savings 45.1 44.2 n.a.
Customer Deposits - Term 199.5 193.4 n.a.
Total Customer Deposits 295.3 290.9 250.6
Deposits from Banks 21.5 22.3 44.8
Repos and Cash Collateral n.a. n.a. n.a.
Other Deposits and Short-term Borrowings n.a. n.a. n.a.
Total Deposits, Money Market and Short-term 316.8 313.2 295.4
Funding
Senior Debt Maturing after 1 Year n.a. n.a. n.a.
Subordinated Borrowing n.a. n.a. n.a.
Other Funding n.a. n.a. n.a.
Total Long Term Funding n.a. n.a. n.a.
Derivatives 0.6 1.1 n.a.
Trading Liabilities n.a. n.a. n.a.
Total Funding 317.4 314.3 295.4
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a.
Reserves for Pensions and Other 0.8 0.8 0.9
Current Tax Liabilities 0.3 0.7 0.6
Deferred Tax Liabilities 2.6 2.6 2.7
Other Deferred Liabilities n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a.
Insurance Liabilities n.a. n.a. n.a.
Other Liabilities 4.4 5.1 4.0
Total Liabilities 325.5 323.5 303.6
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. n.a.
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. n.a.
Equity
Equity
Common Equity 27.8 27.1 23.6
Non-controlling Interest n.a. n.a. n.a.
Securities Revaluation Reserves n.a. n.a. n.a.
Foreign Exchange Revaluation Reserves n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated OCI n.a. n.a. n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.38 n.a. n.a.
Interest Expense on Customer Deposits/ Average 2.39 n.a. n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 4.53 n.a. n.a.
Interest Expense/ Average Interest-bearing 2.37 n.a. n.a.
Liabilities%
Net Interest Income/ Average Earning Assets% 2.28 n.a. n.a.
Net Int. Inc Less Loan Impairment Charges/ Av. 1.98 n.a. n.a.
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 2.28 n.a. n.a.
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 24.00 28.21 16.95
Non-Interest Expense/ Gross Revenues% 73.00 64.10 64.41
Non-Interest Expense/ Average Assets% 2.07 n.a. n.a.
Pre-impairment Op. Profit/ Average Equity% 9.82 n.a. n.a.
Pre-impairment Op. Profit/ Average Total Assets% 0.77 n.a. n.a.
Loans and securities impairment charges/ Pre- 37.04 21.43 28.57
impairment Op. Profit%
Operating Profit/ Average Equity% 6.18 n.a. n.a.
Operating Profit/ Average Total Assets% 0.48 n.a. n.a.
Taxes/ Pre-tax Profit% 26.67 24.24 18.52
Pre-Impairment Operating Profit / Risk Weighted n.a. n.a. n.a.
Assets%
Operating Profit / Risk Weighted Assets% n.a. n.a. n.a.
Other Profitability Ratios
Net Income/ Average Total Equity% 4.00 n.a. n.a.
Net Income/ Average Total Assets% 0.31 n.a. n.a.
Fitch Comprehensive Income/ Average Total Equity% 4.00 n.a. n.a.
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the Income n.a. n.a. n.a.
Statement - Governments
Debt Securities designated at FV through the Income n.a. n.a. n.a.
Statement - Banks
Debt Securities designated at FV through the Income n.a. n.a. n.a.
Statement - Corporates
Debt Securities designated at FV through the Income n.a. n.a. n.a.
Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a.
Total AFS Assets 0.8 1.0 0.6
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 2.28 2.65 3.24
Net Int Rev / Avg Assets 2.16 2.48 3.00
Oth Op Inc / Avg Assets 0.68 0.97 0.61
Non Int Exp / Avg Assets 2.36 2.48 2.69
Pre-Tax Op Inc / Avg Assets 0.48 0.97 0.92
Non Op Items & Taxes / Avg Ast -0.17 -0.24 -0.24
Return On Avg Assets (ROAA) 0.31 0.74 0.64
Return On Avg Equity (ROAE) 4.01 9.86 8.90
Dividend Pay-Out n.a. n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a. n.a.
Non Op Items / Net Income -18.18 0.00 -14.29
Cost To Income Ratio 73.00 64.10 64.41
Recurring Earning Power 0.77 1.24 1.28
Liquidity
Interbank Ratio 8.84 6.73 5.13
Net Loans / Tot Assets 81.69 80.21 83.71
Net Loans / Dep & ST Funding 91.10 89.78 92.72
Net Loans / Tot Dep & Bor 90.93 89.47 n.a.
Liquid Assets / Dep & ST Funding 1.64 2.08 3.08
Liquid Assets / Tot Dep & Bor 1.64 2.07 n.a.
There are no mergers & acquisitions deals available for this bank.
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
01 62
04 09
es
d'Estalvis de
ager for more
Watch
Bank information
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
ð 2.0 3.0
ð n.a. n.a.
ð 19.0 n.a.
ð 8.0 25.0
ö 7.0 8.0
ð 3.0 59.0
ð 117.0 1,262.0
ø 13.0 n.a.
ð 1.0 7.0
ð 2.0 3.0
Caja de Ahorros del Mediterraneo CAM
Contact details
Bank History :
Established in 1877. On December 31, 1998, Caja de Ahorros del Mediterraneo absorbed Abbey National Bank SAE.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname CAAMI
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 10/11/2012
Name of the Auditor KPMG Model ALLBANKS
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator D
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BB 01/10/2012
Banking sector rating BB 01/10/2012 Stable
Global summary
Assets
Loans 50,730.0 52,896.3 58,495.1 58,330.6
Gross Loans 53,487.9 54,746.9 59,685.5 59,152.0
Less: Reserves for Impaired Loans/ NPLs 2,757.9 1,850.6 1,190.4 821.4
Other Earning Assets 16,788.1 16,569.9 12,923.4 11,983.7
Loans and Advances to Banks 1,737.7 2,849.8 1,010.2 1,459.6
Derivatives 648.2 942.8 736.2 388.8
Other Securities 14,402.2 12,777.3 11,177.0 10,135.3
Remaining earning assets 0.0 0.0 0.0 0.0
Total Earning Assets 67,518.1 69,466.2 71,418.5 70,314.3
Fixed Assets 888.6 899.5 1,090.2 812.3
Non-Earning Assets 6,071.7 5,166.4 2,963.9 1,744.0
Total Assets 74,478.4 75,532.1 75,472.6 72,870.6
Notes
Impaired Loans (Memo) 4,858.1 2,686.6 2,377.7 408.6
Loan Loss Reserves (Memo) 2,829.0 1,898.8 1,228.3 821.4
Liquid Assets (Memo) 2,516.9 3,633.5 2,070.1 2,309.5
Intangibles (Memo) 240.4 322.4 167.9 97.5
Off Balance Sheet Items 7,537.1 10,888.5 10,575.9 12,328.6
INCOME STATEMENT
Not Audited Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2010 31/12/2009 31/12/2008 31/12/2007
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 908.8 1,639.8 1,292.4 1,060.0
Other Operating Income 323.5 598.7 314.5 518.7
Net Gains (Losses) on Trading and Derivatives 9.5 183.7 -51.0 18.7
Net Gains (Losses) on Assets at FV through Income -10.6 -10.2 -23.2 -1.9
Statement
Net Fees and Commissions 168.2 165.1 192.8 191.3
Remaining Operating Income 156.4 260.1 195.9 310.6
Overheads 745.2 880.4 815.6 724.6
Loan Loss Provisions 199.7 846.5 981.8 573.4
Other -86.2 -189.4 577.6 322.2
Profit before Tax 201.2 322.2 387.1 602.9
Tax -43.0 56.8 -45.2 163.2
Net Income 244.2 265.4 432.3 439.7
Operating Income (Memo) 1,232.3 2,183.4 1,527.0 1,519.0
Net Gains (Losses) on Trading and Derivatives 9.5 183.7 -51.0 18.7
Net Gains (Losses) on Other Securities 68.3 4.5 20.6 50.7
Net Gains (Losses) on Assets at FV through Income -10.6 -10.2 -23.2 -1.9
Statement
Net Insurance Income n.a. -3.3 -6.9 104.8
Net Fees and Commissions 168.2 165.1 192.8 191.3
Other Operating Income 88.1 203.8 102.3 95.4
Total Non-Interest Operating Income 323.5 543.6 234.6 459.0
Personnel Expenses 433.5 493.7 483.4 421.7
Other Operating Expenses 311.7 386.7 332.2 302.9
Total Non-Interest Expenses 745.2 880.4 815.6 724.6
Memo: Net Income after Allocation to Non- 244.2 203.4 390.3 385.8
controlling Interests
Memo: Common Dividends Relating to the Period n.a. 54.8 67.2 57.8
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 53,487.9 54,746.9 59,685.5 59,152.0
Less: Reserves for Impaired Loans/ NPLs 2,757.9 1,850.6 1,190.4 821.4
Net Loans 50,730.0 52,896.3 58,495.1 58,330.6
Gross Loans 53,487.9 54,746.9 59,685.5 59,152.0
Memo: Impaired Loans included above 4,858.1 2,686.6 2,377.7 408.6
Memo: Loans at Fair Value included above 0.0 0.0 n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 1,737.7 2,722.0 970.1 1,459.6
Reverse Repos and Cash Collateral 0.0 127.8 40.1 n.a.
Trading Securities and at FV through Income 80.4 109.8 188.5 63.2
Derivatives 648.2 942.8 736.2 388.8
Available for Sale Securities 8,950.1 7,321.0 7,159.6 8,608.4
Held to Maturity Securities 4,215.5 3,959.8 3,542.9 1,141.6
At-equity Investments in Associates 360.5 258.5 286.0 322.1
Other Securities 795.7 1,128.2 0.0 0.0
Total Securities 15,050.4 13,847.9 11,953.3 10,524.1
Memo: Government Securities included Above 5,064.8 3,677.2 3,018.7 3,004.8
Memo: Total Securities Pledged 5,499.0 3,267.2 3,282.7 n.a.
Investments in Property 0.0 0.0 0.0 0.0
Insurance Assets 0.0 0.0 0.0 0.0
Other Earning Assets 0.0 0.0 0.0 0.0
Total Earning Assets 67,518.1 69,466.2 71,418.5 70,314.3
Non-earning Assets
Cash and Due From Banks 698.8 673.9 871.4 786.7
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate 3,370.1 2,688.5 847.0 35.7
Fixed Assets 888.6 899.5 1,090.2 812.3
Goodwill 0.0 116.8 22.9 22.2
Other Intangibles 240.4 205.6 145.0 75.3
Current Tax Assets 58.0 99.0 74.9 3.8
Deferred Tax Assets 1,543.1 925.6 937.4 626.0
Discontinued Operations 0.0 0.0 0.0 0.0
Other Assets 161.3 457.0 65.3 194.3
Total Assets 74,478.4 75,532.1 75,472.6 72,870.6
Interest-bearing Liabilities
Customer Deposits - Current 8,102.8 10,384.0 10,138.2 11,064.2
Customer Deposits - Savings 1,450.8 n.a. n.a. n.a.
Customer Deposits - Term 16,828.0 16,183.1 14,207.0 11,671.7
Total Customer Deposits 26,381.6 26,567.1 24,345.2 22,735.9
Deposits from Banks 4,612.4 1,736.7 704.8 3,460.9
Repos and Cash Collateral 5,145.2 3,339.7 4,147.6 n.a.
Other Deposits and Short-term Borrowings 3,431.5 2,806.7 6,520.7 6,062.7
Total Deposits, Money Market and Short-term 39,570.7 34,450.2 35,718.3 32,259.5
Funding
Senior Debt Maturing after 1 Year 8,501.5 12,975.7 11,381.8 30,143.3
Subordinated Borrowing 367.2 773.6 945.2 959.8
Other Funding 16,960.2 17,423.5 18,925.4 n.a.
Total Long Term Funding 25,828.9 31,172.8 31,252.4 31,103.1
Derivatives 387.5 365.8 505.8 607.5
Trading Liabilities 0.0 0.0 0.0 0.0
Total Funding 65,787.1 65,988.8 67,476.5 63,970.1
Non-interest Bearing Liabilities
Fair Value Portion of Debt 0.0 0.0 0.0 0.0
Credit impairment reserves 71.1 48.2 37.9 n.a.
Reserves for Pensions and Other 333.3 214.2 182.4 272.0
Current Tax Liabilities 20.0 67.0 72.1 107.0
Deferred Tax Liabilities 434.8 173.8 202.3 481.8
Other Deferred Liabilities 0.0 0.0 0.0 0.0
Discontinued Operations 0.0 0.0 0.0 0.0
Insurance Liabilities 2,565.7 2,490.2 2,229.8 2,372.7
Other Liabilities 961.2 1,046.0 847.3 873.4
Total Liabilities 70,173.2 70,028.2 71,048.3 68,077.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 1,734.2 1,698.1 848.1 848.1
Debt
Pref. Shares and Hybrid Capital accounted for as 0.0 0.0 0.0 0.0
Equity
Equity
Common Equity 1,954.3 3,352.9 3,341.1 2,759.6
Non-controlling Interest 616.7 596.5 593.5 576.5
Securities Revaluation Reserves 0.0 -143.6 -360.9 627.9
Foreign Exchange Revaluation Reserves 0.0 0.0 0.0 0.0
Fixed Asset Revaluations and Other Accumulated 0.0 0.0 2.5 -18.5
OCI
Total Equity 2,571.0 3,805.8 3,576.2 3,945.5
Total Liabilities and Equity 74,478.4 75,532.1 75,472.6 72,870.6
Memo: Fitch Core Capital 2,330.6 3,483.4 3,408.3 3,848.0
Memo: Fitch Eligible Capital 3,029.7 4,182.5 4,106.4 4,546.1
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% n.a. 5.19 6.17 5.47
Interest Expense on Customer Deposits/ Average n.a. 5.40 6.29 6.62
Customer Deposits%
Interest Income/ Average Earning Assets% 3.41 5.30 5.88 4.82
Interest Expense/ Average Interest-bearing 2.17 3.11 4.39 3.58
Liabilities%
Net Interest Income/ Average Earning Assets% 1.34 2.35 1.82 1.59
Net Int. Inc Less Loan Impairment Charges/ Av. 1.04 1.14 0.44 0.73
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.34 2.35 1.82 1.59
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 26.25 24.90 15.36 30.22
Non-Interest Expense/ Gross Revenues% 60.47 40.32 53.41 47.70
Non-Interest Expense/ Average Assets% 1.00 1.18 1.10 1.05
Pre-impairment Op. Profit/ Average Equity% 14.10 37.39 21.60 22.83
Pre-impairment Op. Profit/ Average Total Assets% 0.65 1.82 1.07 1.24
Loans and securities impairment charges/ Pre- 44.16 64.52 129.36 67.13
impairment Op. Profit%
Operating Profit/ Average Equity% 7.88 13.26 -6.34 7.50
Operating Profit/ Average Total Assets% 0.37 0.64 -0.31 0.41
Taxes/ Pre-tax Profit% -21.37 17.63 -11.68 27.07
Pre-Impairment Operating Profit / Risk Weighted 1.01 2.63 1.55 1.75
Assets%
Operating Profit / Risk Weighted Assets% 0.56 0.93 -0.45 0.58
Other Profitability Ratios
Net Income/ Average Total Equity% 7.07 7.31 11.80 11.75
Net Income/ Average Total Assets% 0.33 0.35 0.59 0.64
Fitch Comprehensive Income/ Average Total Equity 7.07 13.38 -14.61 5.74
%
Fitch Comprehensive Income/ Average Total Assets 0.33 0.65 -0.73 0.31
%
Net Income/ Av. Total Assets plus Av. Managed 0.31 0.34 0.58 n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.51 0.51 0.85 0.90
Fitch Comprehensive Income/ Risk Weighted 0.51 0.94 -1.05 0.44
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 4.83 6.75 6.67 7.91
Fitch Eligible Capital/ Weighted Risks% 6.28 8.11 8.04 9.34
Tangible Common Equity/ Tangible Assets% 3.14 4.63 4.53 5.29
Tier 1 Regulatory Capital Ratio% n.a. 9.12 7.60 7.34
Total Regulatory Capital Ratio% n.a. 11.97 10.50 11.68
Core Tier 1 Regulatory Capital Ratio% 3.82 6.41 n.a. n.a.
Equity/ Total Assets% 3.45 5.04 4.74 5.41
Cash Dividends Paid & Declared/ Net Income% n.a. 20.65 15.54 13.15
Cash Dividend Paid & Declared/ Fitch n.a. 11.28 -12.55 26.91
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 9.50 5.53 10.21 9.68
Loan Quality
Growth of Total Assets% -1.40 0.08 3.57 17.07
Growth of Gross Loans% -2.30 -8.27 0.90 18.28
Impaired Loans(NPLs)/ Gross Loans% 9.08 4.91 3.98 0.69
Reserves for Impaired Loans/ Gross loans% 5.16 3.38 1.99 1.39
Reserves for Impaired Loans/ Impaired Loans% 56.77 68.88 50.07 201.03
Impaired Loans less Reserves for Imp Loans/ Equity 81.69 21.97 33.20 -10.46
%
Loan Impairment Charges/ Average Gross Loans% 0.37 1.50 1.64 1.04
Net Charge-offs/ Average Gross Loans% 0.89 0.55 1.03 1.13
Impaired Loans + Foreclosed Assets/ Gross Loans 14.47 9.36 5.33 0.75
+ Foreclosed Assets%
Funding
Loans/ Customer Deposits% 202.75 206.07 245.16 260.17
Interbank Assets/ Interbank Liabilities% 37.67 156.73 137.64 42.17
Customer Deposits/ Total Funding excl Derivatives 40.34 40.48 36.35 35.88
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance 1,619.8 3,805.9 1,067.4 n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. 0.0 0.0 n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. 51.5 21.7
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. 1.2 1.1
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. 52.7 22.8
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. 3,502.9 3,021.9
breakdown)
AFS Assets - Government n.a. n.a. 1,950.7 2,153.4
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. 1,706.0 3,433.1
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 8,950.1 7,321.0 7,159.6 8,608.4
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. 2,474.9 292.2
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.33 2.33 1.82 1.63
Net Int Rev / Avg Assets 1.21 2.17 1.74 1.57
Oth Op Inc / Avg Assets 0.43 0.79 0.42 0.77
Non Int Exp / Avg Assets 1.26 2.29 2.42 1.92
Pre-Tax Op Inc / Avg Assets 0.38 0.68 -0.26 0.42
Non Op Items & Taxes / Avg Ast -0.06 -0.33 0.84 0.24
Return On Avg Assets (ROAA) 0.33 0.35 0.58 0.65
Return On Avg Equity (ROAE) 7.66 7.19 11.50 10.82
Dividend Pay-Out n.a. 20.65 15.55 13.15
Inc Net Of Dist / Avg Equity n.a. 5.71 9.71 9.40
Non Op Items / Net Income -35.30 -71.36 133.61 73.28
Cost To Income Ratio 60.47 39.33 50.76 45.90
Recurring Earning Power 0.65 1.80 1.07 1.26
Liquidity
Interbank Ratio 17.81 56.14 20.82 42.17
Net Loans / Tot Assets 68.11 70.03 77.51 80.05
Net Loans / Dep & ST Funding 128.20 153.54 163.77 180.82
Net Loans / Tot Dep & Bor 77.55 81.11 87.92 92.57
Liquid Assets / Dep & ST Funding 6.36 10.55 5.80 7.16
Liquid Assets / Tot Dep & Bor 3.85 5.57 3.11 3.67
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
BETA
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 27/06/2012 Aqualandia completes acquisition of majority stake in Terra
Mítica (deal no. 1601145336)
2 18/01/2012 CAM looking to sell its stake in Meliá Hotels International (deal
no. 1601334811)
3 31/10/2011 FCC acquires remaining stake in Enerstar (deal no.
1601313244)
4 24/08/2011 FinanceCom to acquire a stake in BMCE Bank (deal no.
1601295422)
5 22/07/2011 CAM approves restructuring process (deal no. 1601257922)
6 22/07/2011 CAM passes restructuring plan (deal no. 1601264251)
7 14/07/2011 JC Flowers withdraws CAM offer (deal no. 1601285586)
8 03/06/2011 CAM to sell some branches to improve its financial situation
(deal no. 1601276882)
9 12/05/2011 CAM completes acquisition of Banco Base (deal no.
1601262517)
10 12/04/2011 Banco de Sabadell to keep CAM stake in Ribera Salud (deal no.
1601262318)
11 04/04/2011 Caja Mediterráneo may sell assets to meet solvency
requirements (deal no. 1601266621)
12 30/03/2011 Banco Base takeover of CAM withdrawn as Caja Cantabria, Caja
Extremadura and Cajastur abandon SIP project (deal no.
1601262516)
43 19/11/2007 Godosa and CAM form joint venture (deal no. 595068)
44 29/06/2007 CAM announces investment in Geminis Activos (deal no.
554559)
45 20/06/2007 Caja de Ahorros del Mediterráneo acquires stake in Banco
Guayaquil (deal no. 443557)
46 07/05/2007 Tremon's IPO cancelled (deal no. 536702)
47 19/04/2007 CAM increases stake in Sol Meliá (deal no. 532406)
48 18/04/2007 Caja Mediterraneo acquires a stake in BMCE Bank (deal no.
531137)
49 17/01/2007 CAM sells Metrovacesa stake (deal no. 507908)
50 05/12/2006 Bancaja sells Ribera Salud stake (deal no. 497561)
Source : Zephyr
P039806931
6. Mr. Aniceto Benito Núñez - Board Member BoD VI
P002179834 - Member of the General OthBC VI
Assembly; Member, Alicante
Regional Board
(since 02/02/2007)
6.
- Member of the General OthBC VI
Assembly; Member, Alicante
Regional Board
(since 02/02/2007)
7. Mr. Juan Bernal Roldán - Board Member BoD VI
P114906502 - Chairman, Investment OthBC VI
Committee
- Vice Chairman, Murcia Regional OthBC VI
Board
8. Mrs. Pilar Aurora Cáceres - Board Member BoD VI
González (since 02/02/2010)
P071727389 - Member, Executive Committee ExeB VI
- Member of the General OthBC VI
Assembly; Member, Valencia
Regional Board
(since 02/02/2010)
9. Mr. Pere Joan Devesa Martínez - Board Member BoD VI
P042140957 (since 02/02/2010)
- Member of the General OthBC VI
Assembly (since 02/02/2010)
10. Mr. José Enrique Garrigós Ibáñez - Board Member BoD VI
(since 02/02/2010)
P042245469 - Member, Executive Committee ExeB VI
- Member, Remuneration RemC VI
Committee
- Member of the General OthBC VI
Assembly (since 02/02/2010)
11. Mr. Roberto López Abad - Board Member BoD VI
P039806929
12. Mrs. Susana Maestre González - Board Member BoD VI
P104010976 (since 02/02/2010)
- Member, Investment OthBC VI
Committee; Member, Alicante
Regional Board; Member of the
General Assembly
(since 02/02/2010)
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
The banks underlined and displayed in bold blue are available onBANKSCOPE.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
Level
Coun Direct Total Source Date of
Subsidiary name of Status
- try (%) (%) ident. info.
own.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
50 00
50 44
Bank SAE.
nager for more
Watch
No of
employees
10,675
n.a.
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
08/2012 ð - -
12/2010 ð n.a. n.a.
08/2012 ð 7.0 n.a.
12/2010 ð n.a. n.a.
03/2012 ð n.a. n.a.
09/2011 ð 14.0 147.0
Contact details
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating A 01/10/2012 Stable
Global summary
Assets
Loans 60,331.0 56,834.0 52,992.0 51,709.0
Gross Loans 60,700.0 57,177.0 53,123.0 51,846.0
Less: Reserves for Impaired Loans/ NPLs 369.0 343.0 131.0 137.0
Other Earning Assets 23,286.0 21,757.0 20,585.0 17,454.0
Loans and Advances to Banks 1,104.0 1,121.0 1,982.0 2,450.0
Derivatives 3,307.0 1,933.0 1,423.0 1,470.0
Other Securities 8,664.0 7,567.0 7,292.0 5,304.0
Remaining earning assets 10,211.0 11,136.0 9,888.0 8,230.0
Total Earning Assets 83,617.0 78,591.0 73,577.0 69,163.0
Fixed Assets 702.0 716.0 761.0 762.0
Non-Earning Assets 7,586.0 4,662.0 6,092.0 5,820.0
Total Assets 91,905.0 83,969.0 80,430.0 75,745.0
Notes
Impaired Loans (Memo) 440.0 479.0 354.0 292.0
Loan Loss Reserves (Memo) 369.0 343.0 131.0 137.0
Liquid Assets (Memo) 5,761.0 3,268.0 6,480.0 8,156.0
Intangibles (Memo) 1,169.0 1,159.0 1,179.0 1,211.0
Off Balance Sheet Items 13,915.0 12,597.0 12,645.0 11,016.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Preliminary Original Original Original
31/12/2011 31/12/2010 31/12/200 31/12/2008
12 months 12 months 12 months 9 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 1,057.0 933.0 1,061.0 1,180.0
Other Operating Income 1,110.0 1,240.0 972.0 620.0
Net Gains (Losses) on Trading and Derivatives 16.0 41.0 105.0 -44.0
Net Gains (Losses) on Assets at FV through Income 25.0 6.0 7.0 -82.0
Statement
Net Fees and Commissions 574.0 563.0 496.0 433.0
Remaining Operating Income 495.0 630.0 364.0 313.0
Overheads 1,365.0 1,286.0 1,248.0 1,238.0
Loan Loss Provisions 101.0 149.0 179.0 58.0
Other -176.0 -163.0 -142.0 -132.0
Profit before Tax 525.0 575.0 464.0 372.0
Tax 89.0 135.0 126.0 151.0
Net Income 436.0 440.0 338.0 221.0
Operating Income (Memo) 2,163.0 2,171.0 2,032.0 1,799.0
Net Gains (Losses) on Trading and Derivatives 16.0 41.0 105.0 -44.0
Net Gains (Losses) on Other Securities n.a. 28.0 -25.0 -9.0
Net Gains (Losses) on Assets at FV through Income 25.0 6.0 7.0 -82.0
Statement
Net Insurance Income 384.0 482.0 276.0 206.0
Net Fees and Commissions 574.0 563.0 496.0 433.0
Other Operating Income 107.0 118.0 112.0 115.0
Total Non-Interest Operating Income 1,106.0 1,238.0 971.0 619.0
Personnel Expenses 696.0 643.0 622.0 598.0
Other Operating Expenses 669.0 643.0 626.0 640.0
Total Non-Interest Expenses 1,365.0 1,286.0 1,248.0 1,238.0
Memo: Net Income after Allocation to Non- 436.0 440.0 338.0 221.0
controlling Interests
Memo: Common Dividends Relating to the Period n.a. n.a. n.a. n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 60,700.0 57,177.0 53,123.0 51,846.0
Less: Reserves for Impaired Loans/ NPLs 369.0 343.0 131.0 137.0
Net Loans 60,331.0 56,834.0 52,992.0 51,709.0
Gross Loans 60,700.0 57,177.0 53,123.0 51,846.0
Memo: Impaired Loans included above 440.0 479.0 354.0 292.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 1,104.0 1,121.0 1,982.0 2,450.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 281.0 519.0 1,263.0 3,313.0
Derivatives 3,307.0 1,933.0 1,423.0 1,470.0
Available for Sale Securities n.a. 6,032.0 4,849.0 776.0
Held to Maturity Securities n.a. 978.0 1,163.0 1,198.0
At-equity Investments in Associates 40.0 38.0 17.0 17.0
Other Securities 8,343.0 n.a. n.a. n.a.
Total Securities 11,971.0 9,500.0 8,715.0 6,774.0
Memo: Government Securities included Above n.a. 348.0 324.0 761.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. 428.0 456.0 467.0
Insurance Assets 10,211.0 10,708.0 9,432.0 7,763.0
Other Earning Assets n.a. n.a. n.a. 0.0
Total Earning Assets 83,617.0 78,591.0 73,577.0 69,163.0
Non-earning Assets
Cash and Due From Banks 4,376.0 1,628.0 3,235.0 2,393.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 702.0 716.0 761.0 762.0
Goodwill 632.0 630.0 630.0 630.0
Other Intangibles 537.0 529.0 549.0 581.0
Current Tax Assets 158.0 35.0 32.0 62.0
Deferred Tax Assets n.a. 90.0 76.0 341.0
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 1,883.0 1,750.0 1,570.0 1,813.0
Total Assets 91,905.0 83,969.0 80,430.0 75,745.0
Interest-bearing Liabilities
Customer Deposits - Current 45,974.0 28,190.0 27,142.0 23,472.0
Customer Deposits - Savings n.a. n.a. n.a. n.a.
Customer Deposits - Term n.a. 11,015.0 10,464.0 13,609.0
Total Customer Deposits 45,974.0 39,205.0 37,606.0 37,081.0
Deposits from Banks 1,783.0 1,696.0 2,174.0 693.0
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 8,183.0 9,622.0 10,549.0 10,322.0
Total Deposits, Money Market and Short-term 55,940.0 50,523.0 50,329.0 48,096.0
Funding
Senior Debt Maturing after 1 Year 11,822.0 9,955.0 9,395.0 7,842.0
Subordinated Borrowing 931.0 956.0 1,028.0 1,082.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 12,753.0 10,911.0 10,423.0 8,924.0
Derivatives 3,232.0 1,951.0 1,360.0 1,567.0
Trading Liabilities 1.0 0.0 71.0 139.0
Total Funding 71,926.0 63,385.0 62,183.0 58,726.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other n.a. n.a. n.a. n.a.
Current Tax Liabilities n.a. 34.0 33.0 7.0
Deferred Tax Liabilities 834.0 981.0 893.0 963.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 9,440.0 9,640.0 8,459.0 7,651.0
Other Liabilities 2,839.0 2,334.0 1,831.0 2,391.0
Total Liabilities 85,039.0 76,374.0 73,399.0 69,738.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 624.0 869.0 844.0 792.0
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. 0.0 0.0 n.a.
Equity
Equity
Common Equity 6,437.0 6,608.0 6,241.0 5,771.0
Non-controlling Interest 3.0 n.a. n.a. 0.0
Securities Revaluation Reserves -198.0 118.0 -54.0 -556.0
Foreign Exchange Revaluation Reserves n.a. n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. 0.0
OCI
Total Equity 6,242.0 6,726.0 6,187.0 5,215.0
Total Liabilities and Equity 91,905.0 83,969.0 80,430.0 75,745.0
Memo: Fitch Core Capital 3,586.0 4,074.0 3,579.0 2,595.0
Memo: Fitch Eligible Capital 4,210.0 4,943.0 4,423.0 3,387.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 2.72 2.29 3.28 5.62
Interest Expense on Customer Deposits/ Average 0.95 0.70 1.27 2.94
Customer Deposits%
Interest Income/ Average Earning Assets% 4.08 3.17 4.31 7.33
Interest Expense/ Average Interest-bearing 3.37 2.36 3.38 6.84
Liabilities%
Net Interest Income/ Average Earning Assets% 1.30 1.22 1.48 1.78
Net Int. Inc Less Loan Impairment Charges/ Av. 1.17 1.02 1.23 1.69
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.30 1.22 1.48 1.78
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 51.13 57.02 47.79 34.41
Non-Interest Expense/ Gross Revenues% 63.11 59.24 61.42 68.82
Non-Interest Expense/ Average Assets% 1.55 1.55 1.61 1.72
Pre-impairment Op. Profit/ Average Equity% 12.26 13.73 13.85 10.27
Pre-impairment Op. Profit/ Average Total Assets% 0.91 1.07 1.01 0.78
Loans and securities impairment charges/ Pre- 12.59 16.80 22.80 10.32
impairment Op. Profit%
Operating Profit/ Average Equity% 10.72 11.43 10.69 9.21
Operating Profit/ Average Total Assets% 0.80 0.89 0.78 0.70
Taxes/ Pre-tax Profit% 16.95 23.48 27.16 40.59
Pre-Impairment Operating Profit / Risk Weighted 2.36 2.08 1.89 1.45
Assets%
Operating Profit / Risk Weighted Assets% 2.06 1.73 1.46 1.30
Other Profitability Ratios
Net Income/ Average Total Equity% 6.67 6.81 5.96 4.04
Net Income/ Average Total Assets% 0.50 0.53 0.44 0.31
Fitch Comprehensive Income/ Average Total Equity 0.44 9.40 14.81 -5.92
%
Fitch Comprehensive Income/ Average Total Assets 0.03 0.73 1.08 -0.45
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 1.28 1.03 0.81 0.57
Fitch Comprehensive Income/ Risk Weighted Assets 0.09 1.42 2.02 -0.84
%
Capitalization
Fitch Core Capital/Weighted Risks% 10.54 9.53 8.63 6.70
Fitch Eligible Capital/ Weighted Risks% 12.37 11.57 10.66 8.74
Tangible Common Equity/ Tangible Assets% 5.59 6.72 6.32 5.37
Tier 1 Regulatory Capital Ratio% 14.00 12.80 12.60 12.60
Total Regulatory Capital Ratio% 14.00 12.80 12.60 12.70
Core Tier 1 Regulatory Capital Ratio% 14.00 n.a. n.a. n.a.
Equity/ Total Assets% 6.79 8.01 7.69 6.88
Cash Dividends Paid & Declared/ Net Income% n.a. n.a. n.a. n.a.
Cash Dividend Paid & Declared/ Fitch n.a. n.a. n.a. n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 6.98 6.54 5.46 4.24
Loan Quality
Growth of Total Assets% 9.45 4.40 6.19 15.26
Growth of Gross Loans% 6.16 7.63 2.46 15.48
Impaired Loans(NPLs)/ Gross Loans% 0.72 0.84 0.67 0.56
Reserves for Impaired Loans/ Gross loans% 0.61 0.60 0.25 0.26
Reserves for Impaired Loans/ Impaired Loans% 83.86 71.61 37.01 46.92
Impaired Loans less Reserves for Imp Loans/ Equity 1.14 2.02 3.60 2.97
%
Loan Impairment Charges/ Average Gross Loans% 0.17 0.27 0.34 0.12
Net Charge-offs/ Average Gross Loans% n.a. n.a. n.a. n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + 0.72 0.84 0.67 0.56
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 132.03 145.84 141.26 139.82
Interbank Assets/ Interbank Liabilities% 61.92 66.10 91.17 353.54
Customer Deposits/ Total Funding excl Derivatives% 66.93 63.82 61.83 64.87
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 3,225.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 45.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. 3,270.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 493.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 326.0
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets n.a. 6,032.0 4,849.0 776.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 1,198.0
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Operations
Net Interest Margin 1.30 1.23 1.49 1.81
Net Int Rev / Avg Assets 1.20 1.14 1.36 1.67
Oth Op Inc / Avg Assets 1.26 1.51 1.25 0.88
Non Int Exp / Avg Assets 1.67 1.75 1.83 1.83
Pre-Tax Op Inc / Avg Assets 0.80 0.90 0.78 0.71
Non Op Items & Taxes / Avg Ast -0.30 -0.36 -0.34 -0.40
Return On Avg Assets (ROAA) 0.50 0.54 0.43 0.31
Return On Avg Equity (ROAE) 6.72 6.82 5.93 4.07
Dividend Pay-Out n.a. n.a. n.a. n.a.
Inc Net Of Dist / Avg Equity n.a. n.a. n.a. n.a.
Non Op Items / Net Income -40.37 -37.05 -42.01 -59.73
Cost To Income Ratio 62.99 59.18 61.39 68.78
Recurring Earning Power 0.91 1.08 1.01 0.80
Liquidity
Interbank Ratio 61.92 66.10 91.17 353.54
Net Loans / Tot Assets 65.65 67.69 65.89 68.27
Net Loans / Dep & ST Funding 107.85 112.49 105.29 107.51
Net Loans / Tot Dep & Bor 84.98 91.04 86.65 89.70
Liquid Assets / Dep & ST Funding 10.30 6.47 12.88 16.96
Liquid Assets / Tot Dep & Bor 8.12 5.24 10.60 14.15
Date News
1 31/08/2012 OP-Pohjola has completed the acquisition of Skandia Life Finland
(deal no. 1601326868)
2 28/06/2012 OP-Pohjola Group Central Cooperative sells shares in Bank of
Georgia (deal no. 1601382999)
3 04/05/2012 OP-Pohjola Group Central Cooperative sells shares Bank of
Georgia (deal no. 1601368012)
4 27/04/2012 Finnish banks and retailers consider auctioning off Luottokunta:
Kauppalehti (deal no. 1601364880)
5 29/02/2012 OP-Pohjola osk acquires shares in Bank of Georgia Holdings
(deal no. 1601347958)
6 26/01/2012 Four bidders are interested in Luottokunta (deal no.
1601364880)
7 20/12/2011 Ovenia Group has acquired majority stake in Arenna (deal no.
1601328593)
8 05/05/2011 OP-Pohjola-ryhmä has increased its stake in Pohjola Pankki (deal
no. 1601268325)
9 23/02/2010 OP-Pohjola Group has increased stake in PKC Group (deal no.
1601163297)
10 22/02/2010 OP-Pohjola Group has increased stake in Huhtamäki (deal no.
1601162866)
11 22/01/2010 OP Pohjola Group has decreased stake in Tieto (deal no.
1601154405)
12 15/01/2010 OP-Pohjola-ryhmä has decreased stake in Huhtamäki (deal no.
1601152160)
13 11/12/2009 OP-Pohjola Group has increased stake in Huhtamäki (deal no.
1601145185)
14 30/07/2009 OP-Pohjola Group has decreased its stake in Lassila & Tikanoja
(deal no. 1601102273)
15 12/05/2009 OP-Pohjola-ryhmä has increased its stake in Lassila & Tikanoja
(deal no. 1601076815)
16 10/11/2008 OP-Pohjola-ryhmä has increased its stake in TietoEnator (deal
no. 1601029471)
17 09/09/2008 Finnish banks to merge (deal no. 1601064603)
18 04/04/2008 Osuuspankkikeskus Osk has acquired a minority stake in F-
Secure Oyj (deal no. 631719)
19 11/12/2007 Osuuspankkikeskus Osk decreases stake in Sysopendigia (deal
no. 601117)
20 05/12/2007 Osuuspankkikeskus Osk decreases stake in Ixonos (deal no.
599737)
21 18/05/2007 Osuuspankkikeskus Osk increases stake in Ixonos (deal no.
539070)
22 11/05/2007 Osuuspankkikeskus Osk increases stake in Sysopendigia (deal
no. 537195)
23 08/12/2006 Osuuspankkikeskus Osk decreases stake in Cramo (deal no.
498821)
24 05/12/2006 Osuuspankkikeskus Osk increases stake in Cramo (deal no.
497929)
25 10/10/2006 Osuuspankkikeskus Osk decreases stake in SysOpen Digia (deal
no. 483453)
26 05/10/2006 Osuuspankkikeskus Osk increases stake in SysOpen Digia (deal
no. 483444)
27 14/07/2006 GMT Communications Partners to acquire Suomen Asiakastieto
(deal no. 456833)
28 16/06/2006 Osuuspankkikeskus Osk decreases stake in HK Ruokatalo Group
(deal no. 452168)
29 06/06/2006 Osuuspankkikeskus Osk decreases stake in Finnlines (deal no.
448403)
30 11/05/2006 Osuuspankkikeskus Osk decreases stake in SysOpen Digia (deal
no. 442300)
31 13/04/2006 Osuuspankkikeskus Osk decreases stake in Tecnomen (deal no.
437169)
32 31/03/2006 Osuuspankkikeskus Osk decreases stake in Efore (deal no.
431997)
33 30/03/2006 Osuuspankkikeskus Osk to acquire remaining stake in OP-
Asuntoluottopankki (deal no. 431555)
34 13/03/2006 Osuuspankkikeskus Osk increases stake in SysOpen Digia (deal
no. 426697)
35 23/02/2006 Osuuspankkikeskus Osk increases stake in Finnlines (deal no.
421686)
36 19/01/2006 Osuuspankkikeskus Osk acquires Pohjolan Systeemipalvelu (deal
no. 376988)
37 12/09/2005 Osuuspankkikeskus Osk to acquire Henkivakuutusosakeyhtiö
Pohjola (deal no. 376969)
38 12/09/2005 Osuuspankkikeskus Osk to acquire Pohjola Rahastoyhtiö (deal
no. 376980)
39 12/09/2005 Osuuspankkikeskus Osk to acquire Okopankki (deal no. 377007)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
Level
Coun Direct Total Source Date of Vari-
Subsidiary name of Status
- try (%) (%) ident. info. ation
own.
Level
Coun Direct Total Source Date of Vari-
Subsidiary name of Status
- try (%) (%) ident. info. ation
own.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
2 010
2 36 46
.com
Group Central
rope)
anager for more
Watch
No of
employees
n.a.
13,229
Bank information
Op.
Vari-
ation
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
ð 131.0 n.a.
- <0,5 n.a.
- n.a. n.a.
- <0,5 n.a.
- <0,5 n.a.
- n.a. n.a.
ð 19.0 5.0
ñ 460.0 1,461.0
- n.a. n.a.
ð n.a. n.a.
ð n.a. n.a.
ð <0,5 n.a.
ð n.a. n.a.
ð 2.0 n.a.
ð <0,5 n.a.
ð n.a. n.a.
ð n.a. n.a.
ø 2,469.0 n.a.
- n.a. n.a.
ö 1,273.0 3,380.0
- n.a. n.a.
ð <0,5 n.a.
ø 69.0 101.0
ð 73.0 31.0
ö 7.0 n.a.
ð n.a. n.a.
ð 191.0 878.0
ø 2,669.0 12,739.0
ø 2,377.0 18,123.0
ø 109.0 754.0
- <0,5 6.0
ð 30.0 7.0
- n.a. n.a.
- n.a. n.a.
- n.a. n.a.
- n.a. n.a.
- n.a. n.a.
BNP Paribas
Contact details
Established on May 4, 1966 as a result of the merger between Banque Nationale pour le Commerce et l' Industrie and
Comptoir National d'Escompte de Paris. In 1993, the bank was privatised. In 1997, absorbed Banque Nationale de Paris
Norge A/S. In September 1999, absorbed Banque de la Cité. In May 2000 (effective as of January 1, 2000) BNP
absorbed BNP Finance and Paribas SA and changed its name to BNP Paribas. In 2006, BNP Paribas acquired BNL Group.
On December 28, 2007, absorbed Banco Exelbank SA. In 2012, absorbed Banque de Bretagne.
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 664,413.0 668,163.0 652,900.0 494,401.0
Gross Loans 692,371.0 694,834.0 678,269.0 508,699.0
Less: Reserves for Impaired Loans/ NPLs 27,958.0 26,671.0 25,369.0 14,298.0
Other Earning Assets 1,101,162.0 1,168,482.0 1,200,603.0 1,423,874.0
Loans and Advances to Banks 204,052.0 290,192.0 323,643.0 69,153.0
Derivatives 461,667.0 353,223.0 368,657.0 571,475.0
Other Securities 422,752.0 512,740.0 496,431.0 772,795.0
Remaining earning assets 12,691.0 12,327.0 11,872.0 10,451.0
Total Earning Assets 1,765,575.0 1,836,645.0 1,853,503.0 1,918,275.0
Fixed Assets 18,278.0 17,125.0 17,056.0 14,807.0
Non-Earning Assets 181,430.0 144,388.0 187,139.0 142,469.0
Total Assets 1,965,283.0 1,998,158.0 2,057,698.0 2,075,551.0
Notes
Impaired Loans (Memo) 43,696.0 42,100.0 38,380.0 18,990.0
Loan Loss Reserves (Memo) 27,958.0 26,671.0 25,369.0 14,298.0
Liquid Assets (Memo) 477,668.0 597,971.0 635,941.0 733,723.0
Intangibles (Memo) 13,878.0 13,822.0 13,178.0 12,728.0
Off Balance Sheet Items 359,394.0 417,294.0 378,414.0 306,708.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 24,434.0 24,490.0 21,509.0 14,136.0
Other Operating Income 16,760.0 19,295.0 19,435.0 12,496.0
Net Gains (Losses) on Trading and Derivatives 842.0 4,585.0 6,085.0 -10,978.0
Net Gains (Losses) on Assets at FV through Income 1,701.0 429.0 753.0 13,078.0
Statement
Net Fees and Commissions 8,419.0 8,486.0 7,467.0 5,859.0
Remaining Operating Income 5,798.0 5,795.0 5,130.0 4,537.0
Overheads 26,116.0 26,517.0 23,340.0 18,400.0
Loan Loss Provisions 3,556.0 4,921.0 7,818.0 3,783.0
Other -1,871.0 673.0 -786.0 -525.0
Profit before Tax 9,651.0 13,020.0 9,000.0 3,924.0
Tax 2,757.0 3,856.0 2,526.0 472.0
Net Income 6,894.0 9,164.0 6,474.0 3,452.0
Operating Income (Memo) 41,194.0 43,785.0 40,944.0 26,632.0
Net Gains (Losses) on Trading and Derivatives 842.0 4,585.0 6,085.0 -10,978.0
Net Gains (Losses) on Other Securities -173.0 22.0 -52.0 -325.0
Net Gains (Losses) on Assets at FV through Income 1,701.0 429.0 753.0 13,078.0
Statement
Net Insurance Income 3,645.0 3,409.0 3,081.0 3,130.0
Net Fees and Commissions 8,419.0 8,486.0 7,467.0 5,859.0
Other Operating Income 2,326.0 2,364.0 2,101.0 1,732.0
Total Non-Interest Operating Income 16,760.0 19,295.0 19,435.0 12,496.0
Personnel Expenses 15,003.0 15,110.0 13,998.0 10,227.0
Other Operating Expenses 11,113.0 11,407.0 9,342.0 8,173.0
Total Non-Interest Expenses 26,116.0 26,517.0 23,340.0 18,400.0
Memo: Net Income after Allocation to Non- 6,050.0 7,843.0 5,832.0 3,021.0
controlling Interests
Memo: Common Dividends Relating to the Period 1,449.0 2,517.0 1,778.0 1,043.5
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 692,371.0 694,834.0 678,269.0 508,699.0
Less: Reserves for Impaired Loans/ NPLs 27,958.0 26,671.0 25,369.0 14,298.0
Net Loans 664,413.0 668,163.0 652,900.0 494,401.0
Gross Loans 692,371.0 694,834.0 678,269.0 508,699.0
Memo: Impaired Loans included above 43,696.0 42,100.0 38,380.0 18,990.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 46,522.0 55,632.0 88,920.0 69,153.0
Reverse Repos and Cash Collateral 157,530.0 234,560.0 234,723.0 n.a.
Trading Securities and at FV through Income 215,234.0 274,211.0 256,222.0 625,351.0
Derivatives 461,667.0 353,223.0 368,657.0 571,475.0
Available for Sale Securities 192,468.0 219,958.0 221,425.0 130,725.0
Held to Maturity Securities 10,576.0 13,773.0 14,023.0 14,076.0
At-equity Investments in Associates 4,474.0 4,798.0 4,761.0 2,643.0
Other Securities n.a. n.a. n.a. n.a.
Total Securities 1,041,949.0 1,100,523.0 1,099,811.0 1,344,270.0
Memo: Government Securities included Above 220,617.0 272,205.0 256,178.0 215,320.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 11,444.0 12,327.0 11,872.0 9,920.0
Insurance Assets 1,247.0 n.a. 0.0 531.0
Other Earning Assets n.a. n.a. 0.0 0.0
Total Earning Assets 1,765,575.0 1,836,645.0 1,853,503.0 1,918,275.0
Non-earning Assets
Cash and Due From Banks 58,382.0 33,568.0 56,076.0 39,219.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 18,278.0 17,125.0 17,056.0 14,807.0
Goodwill 11,406.0 11,324.0 10,979.0 10,918.0
Other Intangibles 2,472.0 2,498.0 2,199.0 1,810.0
Current Tax Assets 2,227.0 2,315.0 2,067.0 2,036.0
Deferred Tax Assets 9,343.0 9,242.0 10,050.0 4,019.0
Discontinued Operations n.a. n.a. 0.0 0.0
Other Assets 97,600.0 85,441.0 105,768.0 84,467.0
Total Assets 1,965,283.0 1,998,158.0 2,057,698.0 2,075,551.0
Interest-bearing Liabilities
Customer Deposits - Current 254,530.0 262,358.0 260,962.0 198,926.0
Customer Deposits - Savings 54,538.0 49,610.0 46,342.0 42,226.0
Customer Deposits - Term 214,056.0 241,409.0 234,506.0 172,803.0
Total Customer Deposits 523,124.0 553,377.0 541,810.0 413,955.0
Deposits from Banks 138,863.0 170,108.0 226,206.0 187,234.0
Repos and Cash Collateral 206,058.0 250,898.0 272,386.0 n.a.
Other Deposits and Short-term Borrowings 96,101.0 157,753.0 166,660.0 129,506.0
Total Deposits, Money Market and Short-term 964,146.0 1,132,136.0 1,207,062.0 730,695.0
Funding
Senior Debt Maturing after 1 Year 99,672.0 98,651.0 96,597.0 83,443.0
Subordinated Borrowing 22,076.0 27,858.0 31,813.0 18,323.0
Other Funding n.a. n.a. n.a. 0.0
Total Long Term Funding 121,748.0 126,509.0 128,410.0 101,766.0
Derivatives 461,798.0 353,972.0 364,260.0 551,206.0
Trading Liabilities 103,572.0 105,408.0 88,060.0 454,327.0
Total Funding 1,651,264.0 1,718,025.0 1,787,792.0 1,837,994.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 10,480.0 10,311.0 10,464.0 4,388.0
Current Tax Liabilities 1,893.0 2,104.0 2,669.0 2,166.0
Deferred Tax Liabilities 1,596.0 1,641.0 2,093.0 1,805.0
Other Deferred Liabilities n.a. n.a. 0.0 0.0
Discontinued Operations n.a. n.a. 0.0 0.0
Insurance Liabilities 133,058.0 114,918.0 101,555.0 86,514.0
Other Liabilities 81,366.0 65,530.0 72,781.0 83,716.0
Total Liabilities 1,879,657.0 1,912,529.0 1,977,354.0 2,016,583.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. 0.0 0.0
Debt
Pref. Shares and Hybrid Capital accounted for as 8,656.0 9,921.0 10,284.0 12,769.0
Equity
Equity
Common Equity 69,948.0 66,434.0 60,281.0 44,237.0
Non-controlling Interest 8,861.0 9,105.0 8,604.0 3,492.0
Securities Revaluation Reserves -2,196.0 -14.0 2,161.0 -568.0
Foreign Exchange Revaluation Reserves -445.0 n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated 802.0 183.0 -986.0 -962.0
OCI
Total Equity 76,970.0 75,708.0 70,060.0 46,199.0
Total Liabilities and Equity 1,965,283.0 1,998,158.0 2,057,698.0 2,075,551.0
Memo: Fitch Core Capital 54,470.0 54,343.0 50,112.0 n.a.
Memo: Fitch Eligible Capital 54,470.0 54,343.0 59,276.5 n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.25 4.30 4.62 5.92
Interest Expense on Customer Deposits/ Average 1.61 1.49 1.67 2.99
Customer Deposits%
Interest Income/ Average Earning Assets% 2.67 2.52 2.41 3.43
Interest Expense/ Average Interest-bearing 1.39 1.29 1.36 2.78
Liabilities%
Net Interest Income/ Average Earning Assets% 1.37 1.29 1.10 0.82
Net Int. Inc Less Loan Impairment Charges/ Av. 1.17 1.03 0.70 0.60
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.37 1.29 1.10 0.82
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 40.69 44.07 47.47 46.92
Non-Interest Expense/ Gross Revenues% 63.40 60.56 57.00 69.09
Non-Interest Expense/ Average Assets% 1.33 1.26 1.09 0.99
Pre-impairment Op. Profit/ Average Equity% 19.72 23.66 30.03 17.19
Pre-impairment Op. Profit/ Average Total Assets% 0.77 0.82 0.82 0.44
Loans and securities impairment charges/ Pre- 45.08 27.81 47.54 69.87
impairment Op. Profit%
Operating Profit/ Average Equity% 10.83 17.08 15.75 5.18
Operating Profit/ Average Total Assets% 0.42 0.59 0.43 0.13
Taxes/ Pre-tax Profit% 28.57 29.62 28.07 12.03
Pre-Impairment Operating Profit / Risk Weighted 2.46 2.88 2.84 1.54
Assets%
Operating Profit / Risk Weighted Assets% 1.35 2.08 1.49 0.46
Other Profitability Ratios
Net Income/ Average Total Equity% 9.01 12.55 11.04 7.21
Net Income/ Average Total Assets% 0.35 0.44 0.30 0.19
Fitch Comprehensive Income/ Average Total Equity 6.73 11.07 15.66 -2.82
%
Fitch Comprehensive Income/ Average Total Assets 0.26 0.39 0.43 -0.07
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 1.12 1.53 1.04 0.65
Fitch Comprehensive Income/ Risk Weighted 0.84 1.35 1.48 -0.25
Assets%
Capitalization
Fitch Core Capital/Weighted Risks% 8.88 9.05 8.07 n.a.
Fitch Eligible Capital/ Weighted Risks% 8.88 9.05 9.55 n.a.
Tangible Common Equity/ Tangible Assets% 3.09 2.98 2.62 1.57
Tier 1 Regulatory Capital Ratio% 11.60 11.40 10.10 7.80
Total Regulatory Capital Ratio% 14.00 14.70 14.19 11.10
Core Tier 1 Regulatory Capital Ratio% 9.60 9.20 8.00 n.a.
Equity/ Total Assets% 3.92 3.79 3.40 2.23
Cash Dividends Paid & Declared/ Net Income% 21.02 27.47 27.46 30.23
Cash Dividend Paid & Declared/ Fitch 28.16 31.15 19.37 -77.30
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 7.07 8.78 6.70 5.21
Loan Quality
Growth of Total Assets% -1.65 -2.89 -0.86 22.49
Growth of Gross Loans% 2.07 0.01 28.25 11.17
Impaired Loans(NPLs)/ Gross Loans% 6.31 6.21 5.88 3.73
Reserves for Impaired Loans/ Gross loans% 4.04 3.93 3.89 2.81
Reserves for Impaired Loans/ Impaired Loans% 63.98 63.35 66.10 75.29
Impaired Loans less Reserves for Imp Loans/ Equity 20.45 20.38 18.57 10.16
%
Loan Impairment Charges/ Average Gross Loans% 0.52 0.73 1.29 0.79
Net Charge-offs/ Average Gross Loans% 0.57 0.48 0.54 -0.01
Impaired Loans + Foreclosed Assets/ Gross Loans + 6.31 6.21 5.88 3.73
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 132.35 122.58 120.41 126.27
Interbank Assets/ Interbank Liabilities% 36.53 28.54 34.16 38.46
Customer Deposits/ Total Funding excl Derivatives 43.98 40.57 38.06 32.17
%
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 11.60 11.40 10.10 7.80
Total Capital Ratio 14.00 14.70 14.19 11.10
Equity / Tot Assets 4.36 4.29 3.91 2.84
Equity / Net Loans 12.89 12.82 12.31 11.93
Equity / Cust & Short Term Funding 8.88 7.56 6.66 8.07
Equity / Liabilities 4.61 4.54 4.13 2.95
Cap Funds / Tot Assets 5.48 5.68 5.45 3.72
Cap Funds / Net Loans 16.21 16.99 17.18 15.63
Cap Funds / Dep & ST Funding 11.17 10.02 9.29 10.58
Cap Funds / Liabilities 5.80 6.02 5.77 3.87
Subord Debt / Cap Funds 20.50 24.55 28.37 23.71
Operations
Net Interest Margin 1.36 1.33 1.14 0.81
Net Int Rev / Avg Assets 1.23 1.21 1.04 0.75
Oth Op Inc / Avg Assets 0.85 0.95 0.94 0.66
Non Int Exp / Avg Assets 1.50 1.55 1.51 1.18
Pre-Tax Op Inc / Avg Assets 0.58 0.61 0.47 0.24
Non Op Items & Taxes / Avg Ast -0.23 -0.16 -0.16 -0.05
Return On Avg Assets (ROAA) 0.35 0.45 0.31 0.18
Return On Avg Equity (ROAE) 8.05 11.04 9.29 5.83
Dividend Pay-Out 21.02 27.47 27.46 30.23
Inc Net Of Dist / Avg Equity 6.36 8.01 6.74 4.07
Non Op Items / Net Income -27.14 7.34 -12.14 -15.21
Cost To Income Ratio 63.40 60.56 57.01 69.09
Recurring Earning Power 0.76 0.85 0.85 0.44
Liquidity
Interbank Ratio 59.16 68.93 64.91 36.93
Net Loans / Tot Assets 33.81 33.44 31.73 23.82
Net Loans / Dep & ST Funding 68.91 59.02 54.09 67.66
Net Loans / Tot Dep & Bor 40.78 39.53 37.18 27.17
Liquid Assets / Dep & ST Funding 49.54 52.82 52.69 100.41
Liquid Assets / Tot Dep & Bor 29.32 35.38 36.22 40.32
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Boerse Hamburg
Boerse Hannover
Boerse Munchen
Boerse Stuttgart
Borsa Italiana - MTA (Mercato Telematico Azionario)
Budapest Stock Exchange
London Stock Exchange
US Exchange
XETRA
Stock index information: CAC 40 - FRANCE
CAC ALL-TRADABLE - FRANCE
FTSE EUROTOP 100 - NETHERLANDS
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006
Market price - January 32.37 54.60 52.15 30.01 65.83 85.55 72.83
Market price - February 36.63 56.58 53.13 25.99 59.57 78.94 77.05
Market price - March 35.58 51.61 56.86 31.12 63.89 78.19 76.65
Market price - April 30.35 53.43 52.13 40.25 69.25 85.65 74.90
Market price - May 25.73 54.22 46.29 48.75 66.34 90.18 72.80
Market price - June 30.33 53.23 44.77 46.25 57.54 88.36 74.85
Market price - July 30.17 45.47 52.71 51.15 63.80 81.73 76.20
Market price - August 34.56 35.87 49.37 56.17 61.48 77.42 82.95
Market price - September 36.98 30.05 52.17 54.60 66.08 76.74 84.85
Market price - October 38.81 32.85 52.55 51.45 56.00 76.09 86.15
Market price - November n.a. 29.47 45.60 55.00 43.33 77.15 81.35
Market price - December n.a. 30.35 47.61 55.90 30.25 74.22 82.65
BETA
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
This bank is the Global UO of the Corporate Group.
See the Current shareholders report section for other shareholders.
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
Level
Coun Direct Total Source Date of
Subsidiary name of Status
- try (%) (%) ident. info.
own.
53. BNP PARIBAS ASSET MANAGEMENT INC US 100.00 100.00 1 UO+ IP 09/2012
54. BNP PARIBAS ASSET MANAGEMENT INDIA IN 100.00 100.00 1 UO+ RM 12/2011
PRIVATE LTD
55. BNP PARIBAS ASSET MANAGEMENT SAS ES 100.00 100.00 1 UO+ IP 09/2012
SUCURSAL EN ESPANA.
56. BNP PARIBAS BANK NV NL 100.00 100.00 1 UO+ IP 10/2012
57. BNP PARIBAS BDDI PARTICIPATIONS FR 100.00 100.00 1 UO+ IP 09/2012
58. BNP PARIBAS CAPITAL SG 100.00 100.00 1 UO+ IP 09/2012
59. BNP PARIBAS CAPITAL CORPORATION (EX US 100.00 100.00 1 UO+ RM 12/2011
- FORTIS CAPITAL CORPORATION)
60. BNP PARIBAS CAPITAL LIMITED HK 100.00 100.00 1 UO+ IP 09/2012
61. BNP PARIBAS CAPITAL MARKETS GB 100.00 100.00 1 UO+ IP 09/2012
62. BNP PARIBAS CAPITAL SERVICES INC CA 100.00 100.00 1 UO+ RM 12/2011
63. BNP PARIBAS CAPSTAR PARTNERS INC US 100.00 100.00 1 UO+ IP 09/2012
64. BNP PARIBAS COMMODITIES FUTURES US 100.00 100.00 1 UO+ IP 09/2012
65. BNP PARIBAS COMMODITY FUTURES GB 100.00 100.00 1 UO+ IP 09/2012
LIMITED
66. BNP PARIBAS COMMODITY FUTUTES LT US 100.00 100.00 1 UO+ IP 09/2012
67. BNP PARIBAS DE REASSURANCE LU 100.00 100.00 1 UO+ IP 09/2012
68. BNP PARIBAS DEVELOPPEMENT FR 100.00 100.00 1 UO+ IP 09/2012
69. BNP PARIBAS EMISSIONS- UND DE 100.00 100.00 1 UO+ IP 01/2012
HANDELSGESELLSCHAFT MBH
70. BNP PARIBAS ENERGY TRADING US 100.00 100.00 1 UO+ RM 12/2011
HOLDINGS, INC
71. BNP PARIBAS ENERGY TRADING LLC US 100.00 100.00 1 UO+ RM 12/2011
72. BNP PARIBAS FACTOR FR 100.00 100.00 1 UO+ IP 09/2012
73. BNP PARIBAS FINANCE (HONG KONG) HK 100.00 100.00 1 UO+ IP 09/2012
74. BNP PARIBAS FINANCIAL SERVICES LLC US 100.00 100.00 1 UO+ RM 12/2011
75. BNP PARIBAS FORTIS YATIRIMLAR TR 100.00 100.00 1 UO+ IP 09/2012
76. BNP PARIBAS FUTURES (HONG KONG) HK 100.00 100.00 1 UO+ RM 12/2011
77. BNP PARIBAS HOME LOAN SFH FR 100.00 100.00 1 UO+ IP 09/2012
78. BNP PARIBAS IMMOBILIER PROMOTION FR 100.00 100.00 1 UO+ RM 12/2011
IMMOBILIER D'ENTREPRISE
79. BNP PARIBAS IMMOBILIER PROMOTION FR 100.00 100.00 1 UO+ RM 12/2011
SUD OUEST
80. BNP PARIBAS IMMOBILIER RESIDENTIEL FR 100.00 100.00 1 UO+ RM 12/2011
PROMOTION ILE DE FRANCE
81. BNP PARIBAS IMMOBILIER RESIDENTIEL FR 100.00 100.00 1 UO+ RM 12/2011
PROMOTION MEDITERRANEE
82. BNP PARIBAS IMMOBILIER RESIDENTIEL FR 100.00 100.00 1 UO+ RM 12/2011
PROMOTION RHONE ALPES
83. BNP PARIBAS IMMOBILIER RESIDENTIEL FR 100.00 100.00 1 UO+ RM 12/2011
RESIDENCES SERVICES CLIENTS
84. BNP PARIBAS IMMOBILIER RESIDENTIEL FR 100.00 100.00 1 UO+ RM 12/2011
RESIDENCES SERVICES SOFIANE
85. BNP PARIBAS IMMOBILIER RESIDENTIEL FR 100.00 100.00 1 UO+ RM 12/2011
TRANSACTION & CONSEIL
86. BNP PARIBAS IMMOBILIER RESIDENTIEL FR 100.00 100.00 1 UO+ RM 12/2011
V2I
87. BNP PARIBAS IMMOBILIER RÉSIDENTIEL FR 100.00 100.00 1 UO+ RM 12/2011
RÉSIDENCES SERVICES BSA (EX BSA
IMMOBILIER)
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
42449
40 14 45 46
40 14 55 95
pparibas.com
Report
12
KS
rn Europe)
Watch
2006 2005
72.83 54.92
77.05 54.37
76.65 54.23
74.90 50.50
72.80 54.23
74.85 56.26
76.20 59.19
82.95 58.49
84.85 62.76
86.15 62.76
81.35 66.68
82.65 67.82
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
ank it is the
Crédit Agricole S.A.
Contact details
Peer Group
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 399,379.0 383,246.0 362,348.0 346,973.0
Gross Loans 415,815.0 397,263.0 374,413.0 356,388.0
Less: Reserves for Impaired Loans/ NPLs 16,436.0 14,017.0 12,065.0 9,415.0
Other Earning Assets 1,175,666.0 1,068,844.0 1,046,092.0 1,190,567.0
Loans and Advances to Banks 379,841.0 363,843.0 338,420.0 382,776.0
Derivatives 41,861.0 23,525.0 23,117.0 12,945.0
Other Securities 751,282.0 678,825.0 681,897.0 790,635.0
Remaining earning assets 2,682.0 2,651.0 2,658.0 4,211.0
Total Earning Assets 1,575,045.0 1,452,090.0 1,408,440.0 1,537,540.0
Fixed Assets 5,170.0 5,202.0 5,043.0 4,675.0
Non-Earning Assets 143,393.0 136,237.0 143,859.0 111,005.0
Total Assets 1,723,608.0 1,593,529.0 1,557,342.0 1,653,220.0
Notes
Impaired Loans (Memo) n.a. n.a. n.a. n.a.
Loan Loss Reserves (Memo) 16,436.0 14,017.0 12,065.0 9,415.0
Liquid Assets (Memo) 898,571.0 806,824.0 800,179.0 1,017,683.0
Intangibles (Memo) 19,396.0 20,703.0 21,125.0 21,026.0
Off Balance Sheet Items 235,617.0 161,087.0 153,019.0 256,671.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 16,682.0 15,885.0 15,006.0 13,088.0
Other Operating Income 4,101.0 4,244.0 2,936.0 3,736.0
Net Gains (Losses) on Trading and Derivatives n.a. n.a. n.a. n.a.
Net Gains (Losses) on Assets at FV through Income -679.0 1,981.0 4,751.0 -8,162.0
Statement
Net Fees and Commissions 4,672.0 4,896.0 4,776.0 4,398.0
Remaining Operating Income 108.0 -2,633.0 -6,591.0 7,500.0
Overheads 13,612.0 13,187.0 12,182.0 12,735.0
Loan Loss Provisions 5,657.0 3,777.0 4,689.0 3,065.0
Other -1,700.0 -557.0 428.0 148.0
Profit before Tax -186.0 2,608.0 1,499.0 1,172.0
Tax 1,026.0 877.0 211.0 -66.0
Net Income -1,198.0 1,752.0 1,446.0 1,266.0
Operating Income (Memo) 20,783.0 20,129.0 17,942.0 15,956.0
Net Gains (Losses) on Trading and Derivatives n.a. n.a. n.a. n.a.
Net Gains (Losses) on Other Securities -4,456.0 2,475.0 -412.0 -1,443.0
Net Gains (Losses) on Assets at FV through Income -679.0 1,981.0 4,751.0 -8,162.0
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions 4,672.0 4,896.0 4,776.0 4,398.0
Other Operating Income 4,564.0 -5,108.0 -6,179.0 8,075.0
Total Non-Interest Operating Income 4,101.0 4,244.0 2,936.0 2,868.0
Personnel Expenses 7,824.0 7,567.0 6,892.0 7,119.0
Other Operating Expenses 5,788.0 5,620.0 5,290.0 5,616.0
Total Non-Interest Expenses 13,612.0 13,187.0 12,182.0 12,735.0
Memo: Net Income after Allocation to Non- -1,470.0 1,263.0 1,125.0 1,024.0
controlling Interests
Memo: Common Dividends Relating to the Period 1,079.0 1,044.0 n.a. n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 415,815.0 397,263.0 374,413.0 356,388.0
Less: Reserves for Impaired Loans/ NPLs 16,436.0 14,017.0 12,065.0 9,415.0
Net Loans 399,379.0 383,246.0 362,348.0 346,973.0
Gross Loans 415,815.0 397,263.0 374,413.0 356,388.0
Memo: Impaired Loans included above n.a. n.a. n.a. n.a.
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 379,841.0 363,843.0 338,420.0 382,776.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 490,263.0 413,656.0 427,027.0 633,205.0
Derivatives 41,861.0 23,525.0 23,117.0 12,945.0
Available for Sale Securities 227,390.0 225,757.0 213,558.0 117,719.0
Held to Maturity Securities 15,343.0 21,301.0 21,286.0 18,550.0
At-equity Investments in Associates 18,286.0 18,111.0 20,026.0 21,161.0
Other Securities n.a. n.a. n.a. n.a.
Total Securities 793,143.0 702,350.0 705,014.0 803,580.0
Memo: Government Securities included Above 70,711.0 108,109.0 106,424.6 71,797.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 2,682.0 2,651.0 2,658.0 2,629.0
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. n.a. n.a. 1,582.0
Total Earning Assets 1,575,045.0 1,452,090.0 1,408,440.0 1,537,540.0
Non-earning Assets
Cash and Due From Banks 28,467.0 29,325.0 34,732.0 1,702.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 5,170.0 5,202.0 5,043.0 4,675.0
Goodwill 17,528.0 18,960.0 19,432.0 19,614.0
Other Intangibles 1,868.0 1,743.0 1,693.0 1,412.0
Current Tax Assets 3,136.0 2,511.0 1,079.0 1,167.0
Deferred Tax Assets 5,095.0 5,220.0 5,005.0 4,178.0
Discontinued Operations 260.0 1,581.0 598.0 n.a.
Other Assets 87,039.0 76,897.0 81,320.0 82,932.0
Total Assets 1,723,608.0 1,593,529.0 1,557,342.0 1,653,220.0
Liabilities and Equity
Interest-bearing Liabilities
Customer Deposits - Current 303,992.0 287,140.0 257,662.0 220,255.0
Customer Deposits - Savings 221,644.0 214,220.0 206,418.0 194,639.0
Customer Deposits - Term n.a. n.a. n.a. n.a.
Total Customer Deposits 525,636.0 501,360.0 464,080.0 414,894.0
Deposits from Banks 172,792.0 155,338.0 135,672.0 181,011.0
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings n.a. n.a. n.a. n.a.
Total Deposits, Money Market and Short-term 698,428.0 656,698.0 599,752.0 595,905.0
Funding
Senior Debt Maturing after 1 Year 148,320.0 170,337.0 179,370.0 682,983.0
Subordinated Borrowing 21,612.0 38,486.0 38,482.0 34,871.0
Other Funding n.a. n.a. 366,319.0 n.a.
Total Long Term Funding 169,932.0 208,823.0 584,171.0 717,854.0
Derivatives 34,605.0 25,619.0 24,543.0 16,327.0
Trading Liabilities 439,680.0 343,586.0 n.a. n.a.
Total Funding 1,342,645.0 1,234,726.0 1,208,466.0 1,330,086.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 4,798.0 4,492.0 4,898.0 5,211.0
Current Tax Liabilities 2,998.0 1,233.0 1,212.0 1,298.0
Deferred Tax Liabilities 1,757.0 1,220.0 218.0 142.0
Other Deferred Liabilities n.a. n.a. n.a. 2,109.0
Discontinued Operations 39.0 1,472.0 582.0 1,506.0
Insurance Liabilities 230,883.0 230,881.0 214,455.0 194,861.0
Other Liabilities 79,026.0 67,356.0 75,547.0 70,671.0
Total Liabilities 1,662,146.0 1,541,380.0 1,505,378.0 1,605,884.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 12,170.0 n.a. n.a. n.a.
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. n.a. n.a.
Equity
Equity
Common Equity 42,797.0 45,667.0 44,325.0 43,128.0
Non-controlling Interest 6,495.0 6,482.0 6,507.0 5,605.0
Securities Revaluation Reserves n.a. n.a. 1,132.0 -1,627.0
Foreign Exchange Revaluation Reserves n.a. n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. 230.0
OCI
Total Equity 49,292.0 52,149.0 51,964.0 47,336.0
Total Liabilities and Equity 1,723,608.0 1,593,529.0 1,557,342.0 1,653,220.0
Memo: Fitch Core Capital 24,801.0 n.a. n.a. n.a.
Memo: Fitch Eligible Capital 24,801.0 n.a. n.a. n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.81 3.71 3.20 11.17
Interest Expense on Customer Deposits/ Average 1.58 1.36 1.55 5.90
Customer Deposits%
Interest Income/ Average Earning Assets% 2.42 2.22 2.46 3.44
Interest Expense/ Average Interest-bearing 1.55 1.35 1.65 2.94
Liabilities%
Net Interest Income/ Average Earning Assets% 1.12 1.06 1.02 0.94
Net Int. Inc Less Loan Impairment Charges/ Av. 0.74 0.81 0.70 0.72
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.12 1.06 1.02 0.94
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 19.73 21.08 16.36 17.97
Non-Interest Expense/ Gross Revenues% 65.50 65.51 67.90 79.81
Non-Interest Expense/ Average Assets% 0.83 0.79 0.75 0.84
Pre-impairment Op. Profit/ Average Equity% 13.77 13.14 11.66 9.07
Pre-impairment Op. Profit/ Average Total Assets% 0.44 0.42 0.36 0.27
Loans and securities impairment charges/ Pre- 78.89 54.41 81.41 74.96
impairment Op. Profit%
Operating Profit/ Average Equity% 2.91 5.99 2.17 2.27
Operating Profit/ Average Total Assets% 0.09 0.19 0.07 0.07
Taxes/ Pre-tax Profit% -551.61 33.63 14.08 -5.63
Pre-Impairment Operating Profit / Risk Weighted 2.15 1.87 n.a. n.a.
Assets%
Operating Profit / Risk Weighted Assets% 0.45 0.85 n.a. n.a.
Other Profitability Ratios
Net Income/ Average Total Equity% -2.30 3.32 2.93 2.81
Net Income/ Average Total Assets% -0.07 0.11 0.09 0.08
Fitch Comprehensive Income/ Average Total Equity -2.30 3.32 8.51 -5.90
%
Fitch Comprehensive Income/ Average Total Assets -0.07 0.11 0.26 -0.18
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -0.36 0.47 n.a. n.a.
Fitch Comprehensive Income/ Risk Weighted Assets -0.36 0.47 n.a. n.a.
%
Capitalization
Fitch Core Capital/Weighted Risks% 7.43 n.a. n.a. n.a.
Fitch Eligible Capital/ Weighted Risks% 7.43 n.a. n.a. n.a.
Tangible Common Equity/ Tangible Assets% 1.46 1.67 1.69 1.36
Tier 1 Regulatory Capital Ratio% 11.20 10.60 9.50 8.60
Total Regulatory Capital Ratio% 13.40 12.80 9.80 9.40
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% 2.86 3.27 3.34 2.86
Cash Dividends Paid & Declared/ Net Income% -90.07 59.59 n.a. n.a.
Cash Dividend Paid & Declared/ Fitch -90.07 59.59 n.a. n.a.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -4.62 1.36 2.78 2.67
Loan Quality
Growth of Total Assets% 8.16 2.32 -5.80 16.90
Growth of Gross Loans% 4.67 6.10 5.06 15.27
Impaired Loans(NPLs)/ Gross Loans% n.a. n.a. n.a. n.a.
Reserves for Impaired Loans/ Gross loans% 3.95 3.53 3.22 2.64
Reserves for Impaired Loans/ Impaired Loans% n.a. n.a. n.a. n.a.
Impaired Loans less Reserves for Imp Loans/ Equity n.a. n.a. n.a. n.a.
%
Loan Impairment Charges/ Average Gross Loans% 1.41 0.97 1.05 0.92
Net Charge-offs/ Average Gross Loans% -0.78 n.a. n.a. n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + n.a. n.a. n.a. n.a.
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 79.11 79.24 80.68 85.90
Interbank Assets/ Interbank Liabilities% 219.83 234.23 249.44 211.47
Customer Deposits/ Total Funding excl Derivatives% 40.19 41.47 39.20 31.58
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 100,605.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 16,961.0
AFS Assets - Other n.a. n.a. n.a. 153.0
Total AFS Assets 227,390.0 225,757.0 213,558.0 117,719.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 1,629.0
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 11.20 10.60 9.50 8.60
Total Capital Ratio 13.40 12.80 9.80 9.40
Equity / Tot Assets 2.86 3.27 3.34 2.86
Equity / Net Loans 12.34 13.61 14.34 13.64
Equity / Cust & Short Term Funding 7.06 7.94 8.66 7.94
Equity / Liabilities 3.01 3.47 3.54 3.01
Cap Funds / Tot Assets 4.82 5.69 5.81 4.97
Cap Funds / Net Loans 20.80 23.65 24.96 23.69
Cap Funds / Dep & ST Funding 11.89 13.80 15.08 13.80
Cap Funds / Liabilities 5.06 6.03 6.17 5.23
Subord Debt / Cap Funds 26.02 42.46 42.55 42.42
Operations
Net Interest Margin 1.10 1.11 1.02 0.92
Net Int Rev / Avg Assets 1.01 1.01 0.94 0.85
Oth Op Inc / Avg Assets 0.25 0.27 0.18 0.24
Non Int Exp / Avg Assets 1.16 1.08 1.05 1.03
Pre-Tax Op Inc / Avg Assets 0.09 0.20 0.07 0.07
Non Op Items & Taxes / Avg Ast -0.16 -0.09 0.01 0.01
Return On Avg Assets (ROAA) -0.07 0.11 0.09 0.08
Return On Avg Equity (ROAE) -2.36 3.37 2.91 2.70
Dividend Pay-Out -90.07 59.59 n.a. n.a.
Inc Net Of Dist / Avg Equity -4.49 1.36 n.a. n.a.
Non Op Items / Net Income 141.90 -31.79 29.60 11.69
Cost To Income Ratio 65.50 65.51 67.90 75.70
Recurring Earning Power 0.43 0.44 0.36 0.27
Liquidity
Interbank Ratio 219.83 234.23 249.44 211.47
Net Loans / Tot Assets 23.17 24.05 23.27 20.99
Net Loans / Dep & ST Funding 57.18 58.36 60.42 58.23
Net Loans / Tot Dep & Bor 30.23 32.04 30.97 26.79
Liquid Assets / Dep & ST Funding 128.66 122.86 133.42 170.78
Liquid Assets / Tot Dep & Bor 68.02 67.45 68.39 78.57
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006
Market price - January 4.71 10.79 11.44 9.54 20.49 32.86 29.05
Market price - February 4.81 12.72 10.92 7.79 18.04 30.16 30.66
Market price - March 4.66 11.58 12.96 8.31 19.60 29.19 32.11
Market price - April 3.88 11.24 10.82 11.20 21.65 31.08 31.94
Market price - May 2.89 10.62 8.88 10.33 17.01 30.68 29.09
Market price - June 3.47 10.37 8.64 8.88 12.98 30.19 29.75
Market price - July 3.49 8.62 10.51 10.02 13.77 28.35 31.47
Market price - August 4.64 6.82 9.95 12.92 14.52 27.70 31.71
Market price - September 5.37 5.23 11.47 14.28 13.41 27.05 34.64
Market price - October 5.81 5.68 11.78 13.11 11.24 27.29 33.31
Market price - November n.a. 4.75 9.44 13.78 8.72 24.02 31.97
Market price - December n.a. 4.36 9.50 12.36 8.00 23.07 31.86
BETA
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 05/11/2012 Russian Railways signs contract to acquire Gefco majority stake
(deal no. 1601368430)
2 22/10/2012 Enseignes Hode in buy-out (deal no. 1601414043)
3 19/10/2012 EFG Financial Products lists on Swiss Stock Exchange (deal no.
1601309631)
4 17/10/2012 Alpha Bank to acquire Emporiki from Crédit Agricole (deal no.
1601411131)
5 15/10/2012 Secmeplast in MBI (deal no. 1601414460)
6 11/10/2012 Realogy Holdings completes IPO (deal no. 1601376923)
7 09/10/2012 Vivendi mulls sale of Maroc Tel: Reuters (deal no. 1601286145)
22 30/05/2012 Loc Maria acquires stake in Traou Mad (deal no. 1601375063)
23 21/05/2012 Credit Agricole has acquired Korporatyvnyy ta Investytsiynyy
Bank Kredi Ahrikol (deal no. 1601346650)
24 03/05/2012 Crédit Agricole interested in Véolia Transdev stake (deal no.
1601367993)
25 18/04/2012 AREM in institutional buy-out (deal no. 1601365027)
26 12/04/2012 Crédit Agricole increases its stake in Banco Espírito Santo (deal
no. 1601360701)
27 11/04/2012 Banco Espírito Santo acquires the remaining stake in BES Vida
from Crédit Agricole (deal no. 1601360495)
28 29/03/2012 Coller Capital completes acquisition of Crédit Agricole Private
Equity which becomes Omnes Capital (deal no. 1601326395)
29 15/03/2012 Vermandoise de Sucreries is delisted (deal no. 1601305685)
30 12/03/2012 Sophem receives funding (deal no. 1601351884)
31 09/03/2012 ALCEN divest Maison Du Decolletage Et Du Pivotage in MBO (deal
no. 1601352024)
32 01/03/2012 GT2I acquired in MBO (deal no. 1601351990)
33 24/02/2012 Kredi Ahrikol Bank to acquire Korporatyvnyy ta Investytsiynyy
Bank Kredi Ahrikol (deal no. 1601346656)
34 31/01/2012 Groupe Pascal Secula Developpement acquires Artmann and
Lazar-Levieux (deal no. 1601353849)
35 09/01/2012 Cristal Union offer for Vermandoise de Sucreries approved by
competition authority (deal no. 1601305678)
36 04/01/2012 Emporiki Bank receives new capital injection from Crédit Agricole
(deal no. 1601329925)
37 09/11/2011 Spartan Capital Holdings acquired Polkomtel (deal no.
1601070783)
38 04/11/2011 AXA sells majority stake in Skyrock (deal no. 1601314713)
39 31/10/2011 Sud Cereales acquires stake in Péris Montariol (deal no.
1601319685)
40 20/10/2011 Groupe Climater acquired by private equity investors (deal no.
1601310574)
41 06/10/2011 Two investors have acquired Banco Suquia (deal no.
1601308337)
42 22/09/2011 Société Générale reportedly planning sale of 2 units (deal no.
1601303943)
43 14/09/2011 Emporiki is delisted (deal no. 1601273299)
44 30/08/2011 Banco Popolare won't sell its stake in Agos Ducato to Crédit
Agricole (deal no. 1601246769)
45 04/08/2011 Dufry acquires Interbaires (deal no. 1601172587)
46 04/08/2011 Dufry acquires airport retail ops in Latin America and a wholesale
platform (deal no. 1601290931)
47 16/07/2011 Vivendi may sell a majority stake in Maroc Télécom (deal no.
1601286145)
48 14/07/2011 Lactalis completes offer for Parmalat (deal no. 1601266083)
49 22/06/2011 Mr Solorz-Zak and Mr Ruta sell stake in Cyfrowy Polsat via
subsidiaries (deal no. 1601280479)
50 14/06/2011 Shareholders rumoured to sell Tokyo Star Bank (deal no.
1633038415)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
*: For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
*: For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
34 98
21 12
ricole-sa.fr
Watch
2005
22.85
22.41
20.97
20.01
21.07
20.96
22.61
21.60
24.40
24.45
25.69
26.61
Bank information
No of
employees
n.a.
87,451
Op.
Date of Vari-
info. ation
Op.
Vari- No of
Revenue
ation employees
(mil USD)*
Contact details
75013 PARIS
FRANCE
Peer Group
Peer Group Name Cooperative Banks Europe (Excl. Eastern Europe)
Size 1,761
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 245,247.0 260,415.0 118,658.0 127,487.0
Gross Loans 249,655.0 265,031.0 122,618.0 127,487.0
Less: Reserves for Impaired Loans/ NPLs 4,408.0 4,616.0 3,960.0 n.a.
Other Earning Assets 487,280.0 415,846.0 431,636.0 509,499.0
Loans and Advances to Banks 167,086.0 183,307.0 191,197.0 154,170.0
Derivatives 132,724.0 93,250.0 100,286.0 778.0
Other Securities 186,031.0 137,943.0 139,210.0 353,495.0
Remaining earning assets 1,439.0 1,346.0 943.0 1,056.0
Total Earning Assets 732,527.0 676,261.0 550,294.0 636,986.0
Fixed Assets 1,301.0 1,177.0 849.0 933.0
Non-Earning Assets 61,900.0 63,979.0 52,705.0 52,484.0
Total Assets 795,728.0 741,417.0 603,848.0 690,403.0
Notes
Impaired Loans (Memo) 9,031.0 9,013.0 6,760.0 n.a.
Loan Loss Reserves (Memo) 4,408.0 4,616.0 3,960.0 n.a.
Liquid Assets (Memo) 296,312.0 280,819.0 283,080.0 466,618.0
Intangibles (Memo) 3,862.0 5,115.0 4,082.0 4,590.0
Off Balance Sheet Items 363,877.0 312,099.0 281,627.0 n.a.
INCOME STATEMENT
Unqualified Unqualified Unqualified Audited
Original Original Original Proforma
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 3,825.0 3,421.0 4,698.0 1,914.0
Other Operating Income 5,285.0 5,846.0 1,803.0 2,098.0
Net Gains (Losses) on Trading and Derivatives n.a. n.a. n.a. n.a.
Net Gains (Losses) on Assets at FV through Income 1,130.0 2,354.0 -271.0 -2,446.0
Statement
Net Fees and Commissions 2,673.0 2,857.0 2,382.0 3,094.0
Remaining Operating Income 1,482.0 635.0 -308.0 1,450.0
Overheads 6,594.0 6,908.0 5,682.0 5,942.0
Loan Loss Provisions 419.0 515.0 2,174.0 1,884.0
Other -918.0 585.0 -393.0 643.0
Profit before Tax 1,179.0 2,429.0 -1,748.0 -3,171.0
Tax 344.0 413.0 -1,185.0 -606.0
Net Income 835.0 2,016.0 -563.0 -2,565.0
Operating Income (Memo) 9,110.0 9,267.0 6,501.0 4,012.0
Net Gains (Losses) on Trading and Derivatives n.a. n.a. n.a. n.a.
Net Gains (Losses) on Other Securities 138.0 -213.0 -297.0 -340.0
Net Gains (Losses) on Assets at FV through Income 1,130.0 2,354.0 -271.0 -2,446.0
Statement
Net Insurance Income n.a. n.a. n.a. n.a.
Net Fees and Commissions 2,673.0 2,857.0 2,382.0 3,094.0
Other Operating Income 1,344.0 848.0 -11.0 1,790.0
Total Non-Interest Operating Income 5,285.0 5,846.0 1,803.0 2,098.0
Personnel Expenses 3,818.0 3,973.0 3,151.0 n.a.
Other Operating Expenses 2,776.0 2,935.0 2,531.0 5,942.0
Total Non-Interest Expenses 6,594.0 6,908.0 5,682.0 5,942.0
Memo: Net Income after Allocation to Non- 402.0 1,565.0 -1,057.0 -1,796.0
controlling Interests
Memo: Common Dividends Relating to the Period 104.0 105.0 5.0 n.a.
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans n.a. n.a. n.a. n.a.
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans n.a. n.a. n.a. n.a.
Corporate & Commercial Loans n.a. n.a. n.a. n.a.
Other Loans 249,655.0 265,031.0 122,618.0 127,487.0
Less: Reserves for Impaired Loans/ NPLs 4,408.0 4,616.0 3,960.0 n.a.
Net Loans 245,247.0 260,415.0 118,658.0 127,487.0
Gross Loans 249,655.0 265,031.0 122,618.0 127,487.0
Memo: Impaired Loans included above 9,031.0 9,013.0 6,760.0 n.a.
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 167,086.0 183,307.0 191,197.0 154,170.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 117,548.0 77,769.0 83,128.0 298,594.0
Derivatives 132,724.0 93,250.0 100,286.0 778.0
Available for Sale Securities 51,335.0 41,374.0 39,637.0 37,723.0
Held to Maturity Securities 4,626.0 6,151.0 5,485.0 6,411.0
At-equity Investments in Associates 12,522.0 12,649.0 10,960.0 9,842.0
Other Securities n.a. n.a. n.a. 925.0
Total Securities 318,755.0 231,193.0 239,496.0 354,273.0
Memo: Government Securities included Above 25,525.0 9,887.0 21,542.0 n.a.
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 1,439.0 1,303.0 943.0 1,056.0
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets n.a. 43.0 n.a. n.a.
Total Earning Assets 732,527.0 676,261.0 550,294.0 636,986.0
Non-earning Assets
Cash and Due From Banks 11,678.0 19,743.0 8,755.0 13,854.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 1,301.0 1,177.0 849.0 933.0
Goodwill 2,948.0 3,624.0 3,279.0 3,787.0
Other Intangibles 914.0 1,491.0 803.0 803.0
Current Tax Assets 1,119.0 879.0 344.0 408.0
Deferred Tax Assets 3,540.0 3,855.0 3,691.0 2,772.0
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 41,701.0 34,387.0 35,833.0 30,860.0
Total Assets 795,728.0 741,417.0 603,848.0 690,403.0
Interest-bearing Liabilities
Customer Deposits - Current 28,748.0 32,073.0 19,965.0 n.a.
Customer Deposits - Savings 2,645.0 2,603.0 2,627.0 n.a.
Customer Deposits - Term 29,819.0 42,770.0 33,488.0 68,349.0
Total Customer Deposits 61,212.0 77,446.0 56,080.0 68,349.0
Deposits from Banks 162,811.0 154,053.0 151,409.0 139,452.0
Repos and Cash Collateral 88,272.0 n.a. n.a. n.a.
Other Deposits and Short-term Borrowings n.a. 33,406.0 31,778.0 n.a.
Total Deposits, Money Market and Short-term 312,295.0 264,905.0 239,267.0 207,801.0
Funding
Senior Debt Maturing after 1 Year 234,212.0 264,328.0 149,335.0 275,912.0
Subordinated Borrowing 12,195.0 14,298.0 14,620.0 21,802.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 246,407.0 278,626.0 163,955.0 297,714.0
Derivatives 126,047.0 88,585.0 101,602.0 97,259.0
Trading Liabilities 4,424.0 5,209.0 7,205.0 n.a.
Total Funding 689,173.0 637,325.0 512,029.0 602,774.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 2,026.0 1,993.0 1,803.0 1,678.0
Current Tax Liabilities 454.0 461.0 216.0 152.0
Deferred Tax Liabilities 377.0 789.0 319.0 706.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 41,656.0 40,502.0 37,114.0 34,070.0
Other Liabilities 34,347.0 29,278.0 23,897.0 31,664.0
Total Liabilities 768,033.0 710,348.0 575,378.0 671,044.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. n.a. n.a.
Debt
Pref. Shares and Hybrid Capital accounted for as n.a. 1,200.0 3,000.0 n.a.
Equity
Equity
Common Equity 22,157.0 24,129.0 20,226.0 14,263.0
Non-controlling Interest 6,124.0 5,923.0 5,303.0 5,096.0
Securities Revaluation Reserves -704.0 -201.0 111.0 n.a.
Foreign Exchange Revaluation Reserves 118.0 18.0 -170.0 n.a.
Fixed Asset Revaluations and Other Accumulated n.a. n.a. n.a. n.a.
OCI
Total Equity 27,695.0 29,869.0 25,470.0 19,359.0
Total Liabilities and Equity 795,728.0 741,417.0 603,848.0 690,403.0
Memo: Fitch Core Capital 20,293.0 n.a. n.a. n.a.
Memo: Fitch Eligible Capital 20,293.0 n.a. n.a. n.a.
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.07 3.62 2.48 n.a.
Interest Expense on Customer Deposits/ Average 1.26 0.89 0.83 n.a.
Customer Deposits%
Interest Income/ Average Earning Assets% 2.67 2.70 2.34 n.a.
Interest Expense/ Average Interest-bearing 2.26 2.29 1.65 n.a.
Liabilities%
Net Interest Income/ Average Earning Assets% 0.54 0.56 0.79 n.a.
Net Int. Inc Less Loan Impairment Charges/ Av. 0.48 0.47 0.43 n.a.
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 0.54 0.56 0.79 n.a.
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 58.01 63.08 27.73 52.29
Non-Interest Expense/ Gross Revenues% 72.38 74.54 87.40 148.11
Non-Interest Expense/ Average Assets% 0.86 1.03 0.88 n.a.
Pre-impairment Op. Profit/ Average Equity% 8.74 8.53 3.65 n.a.
Pre-impairment Op. Profit/ Average Total Assets% 0.33 0.35 0.13 n.a.
Loans and securities impairment charges/ Pre- 66.41 22.30 340.42 -97.62
impairment Op. Profit%
Operating Profit/ Average Equity% 2.94 6.62 -8.78 n.a.
Operating Profit/ Average Total Assets% 0.11 0.27 -0.30 n.a.
Taxes/ Pre-tax Profit% 29.18 17.00 67.79 19.11
Pre-Impairment Operating Profit / Risk Weighted n.a. n.a. n.a. n.a.
Assets%
Operating Profit / Risk Weighted Assets% n.a. n.a. n.a. n.a.
Other Profitability Ratios
Net Income/ Average Total Equity% 2.90 7.29 -2.51 n.a.
Net Income/ Average Total Assets% 0.11 0.30 -0.09 n.a.
Fitch Comprehensive Income/ Average Total Equity 1.43 6.64 0.81 n.a.
%
Fitch Comprehensive Income/ Average Total Assets 0.05 0.27 0.03 n.a.
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% n.a. n.a. n.a. n.a.
Fitch Comprehensive Income/ Risk Weighted Assets n.a. n.a. n.a. n.a.
%
Capitalization
Fitch Core Capital/Weighted Risks% n.a. n.a. n.a. n.a.
Fitch Eligible Capital/ Weighted Risks% n.a. n.a. n.a. n.a.
Tangible Common Equity/ Tangible Assets% 2.57 2.85 2.97 2.15
Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Total Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% 3.48 4.03 4.22 2.80
Cash Dividends Paid & Declared/ Net Income% 12.46 5.21 -0.89 n.a.
Cash Dividend Paid & Declared/ Fitch Comprehensive 25.18 5.72 2.75 n.a.
Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 2.64 6.40 -2.23 -13.25
Loan Quality
Growth of Total Assets% 7.33 22.78 -12.54 n.a.
Growth of Gross Loans% -5.80 116.14 -3.82 n.a.
Impaired Loans(NPLs)/ Gross Loans% 3.62 3.40 5.51 n.a.
Reserves for Impaired Loans/ Gross loans% 1.77 1.74 3.23 n.a.
Reserves for Impaired Loans/ Impaired Loans% 48.81 51.21 58.58 n.a.
Impaired Loans less Reserves for Imp Loans/ Equity 16.69 14.72 10.99 n.a.
%
Loan Impairment Charges/ Average Gross Loans% 0.16 0.27 1.74 n.a.
Net Charge-offs/ Average Gross Loans% n.a. n.a. n.a. n.a.
Impaired Loans + Foreclosed Assets/ Gross Loans + 3.62 3.40 5.51 n.a.
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 407.85 342.21 218.65 186.52
Interbank Assets/ Interbank Liabilities% 102.63 118.99 126.28 110.55
Customer Deposits/ Total Funding excl Derivatives% 10.87 14.11 13.66 13.52
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the Income n.a. n.a. n.a. n.a.
Statement - Governments
Debt Securities designated at FV through the Income n.a. n.a. n.a. n.a.
Statement - Banks
Debt Securities designated at FV through the Income n.a. n.a. n.a. n.a.
Statement - Corporates
Debt Securities designated at FV through the Income n.a. n.a. n.a. n.a.
Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 51,335.0 41,374.0 39,637.0 37,723.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio n.a. n.a. n.a. n.a.
Total Capital Ratio n.a. n.a. n.a. n.a.
Equity / Tot Assets 3.48 4.19 4.72 2.80
Equity / Net Loans 11.29 11.93 23.99 15.19
Equity / Cust & Short Term Funding 8.87 11.73 11.90 9.32
Equity / Liabilities 3.66 4.46 5.08 2.98
Cap Funds / Tot Assets 5.01 6.12 7.14 5.96
Cap Funds / Net Loans 16.27 17.42 36.31 32.29
Cap Funds / Dep & ST Funding 12.77 17.13 18.01 19.81
Cap Funds / Liabilities 5.28 6.52 7.68 6.34
Subord Debt / Cap Funds 30.57 31.52 33.93 52.97
Operations
Net Interest Margin 0.54 0.56 0.79 0.30
Net Int Rev / Avg Assets 0.50 0.51 0.73 0.28
Oth Op Inc / Avg Assets 0.69 0.87 0.28 0.30
Non Int Exp / Avg Assets 0.91 1.10 1.21 1.13
Pre-Tax Op Inc / Avg Assets 0.27 0.27 -0.21 -0.55
Non Op Items & Taxes / Avg Ast -0.16 0.03 0.12 0.18
Return On Avg Assets (ROAA) 0.11 0.30 -0.09 -0.37
Return On Avg Equity (ROAE) 2.84 6.77 -2.35 -13.25
Dividend Pay-Out 12.46 5.21 -0.89 n.a.
Inc Net Of Dist / Avg Equity 2.49 6.42 -2.38 n.a.
Non Op Items / Net Income -109.94 29.02 69.81 -25.07
Cost To Income Ratio 72.38 74.54 87.40 148.11
Recurring Earning Power 0.33 0.35 0.13 -0.28
Liquidity
Interbank Ratio 66.55 118.99 126.28 110.55
Net Loans / Tot Assets 30.82 35.12 19.65 18.47
Net Loans / Dep & ST Funding 78.53 98.31 49.59 61.35
Net Loans / Tot Dep & Bor 36.23 41.80 23.86 21.94
Liquid Assets / Dep & ST Funding 94.88 106.01 118.31 224.55
Liquid Assets / Tot Dep & Bor 43.77 45.07 56.91 80.32
Date News
1 16/04/2012 Banque Centrale Populaire may hold an additional private
placement (deal no. 1601361822)
2 13/04/2012 BPCE to acquire stake in Natixis Financement (deal no.
1601361180)
3 15/02/2012 Sberbank completes acquisition of Volksbank International (deal
no. 1601262614)
4 06/02/2012 Plebac in management buy-out (deal no. 1601346247)
5 26/07/2011 BPCE sells Foncia stake to Bridgepoint and Eurazeo (deal no.
1601162609)
6 10/05/2011 Foncia deal is imminent, would-be buyer says (deal no.
1601162609)
7 22/09/2010 BPCE completes SMC sale (deal no. 1601162055)
8 05/08/2010 BPCE to absorb Caisse d'Epargne Partications and Banques
Populaires Participations (deal no. 1601392451)
9 15/06/2010 Crédit du Nord bids for SMC (deal no. 1601162055)
10 25/03/2010 QIB and BPCE plan joint venture (deal no. 1601172650)
11 25/03/2010 BPCE may be eying ÖVAG's stake in Volksbank International
(deal no. 1601173081)
12 04/03/2010 BPCE plans investment portfolio sale (deal no. 1601167469)
13 25/02/2010 BPCE pursues small takeover opportunities (deal no.
1601163400)
14 30/09/2009 Groupe BPCE to acquire Natixis Algérie (deal no. 1601105733)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
This bank is the Global UO of the Corporate Group.
See the Current shareholders report section for other shareholders.
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
*: For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
Caisses
articipations to
ope)
Watch
IFRS
Audited
Proforma
31/12/2008
12 months
mil EUR
127,487.0
127,487.0
n.a.
509,499.0
154,170.0
778.0
353,495.0
1,056.0
636,986.0
933.0
52,484.0
690,403.0
207,801.0
68,349.0
139,452.0
n.a.
394,973.0
97,259.0
n.a.
297,714.0
66,592.0
n.a.
1,678.0
19,359.0
690,403.0
n.a.
n.a.
466,618.0
4,590.0
n.a.
n.a.
21,802.0
Audited
Proforma
31/12/2008
12 months
mil EUR
1,914.0
2,098.0
n.a.
-2,446.0
3,094.0
1,450.0
5,942.0
1,884.0
643.0
-3,171.0
-606.0
-2,565.0
4,012.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
Proforma
31/12/2008
12 months
mil EUR
n.a.
22,820.0
n.a.
22,820.0
n.a.
20,906.0
20,906.0
1,914.0
n.a.
-340.0
-2,446.0
n.a.
3,094.0
1,790.0
2,098.0
n.a.
5,942.0
5,942.0
n.a.
-1,930.0
1,884.0
n.a.
-3,814.0
388.0
n.a.
n.a.
n.a.
255.0
-3,171.0
-606.0
n.a.
-2,565.0
n.a.
n.a.
n.a.
n.a.
-2,565.0
-769.0
-1,796.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
127,487.0
n.a.
127,487.0
127,487.0
n.a.
n.a.
154,170.0
n.a.
298,594.0
778.0
37,723.0
6,411.0
9,842.0
925.0
354,273.0
n.a.
n.a.
1,056.0
n.a.
n.a.
636,986.0
13,854.0
n.a.
n.a.
933.0
3,787.0
803.0
408.0
2,772.0
n.a.
30,860.0
690,403.0
n.a.
n.a.
68,349.0
68,349.0
139,452.0
n.a.
n.a.
207,801.0
275,912.0
21,802.0
n.a.
297,714.0
97,259.0
n.a.
602,774.0
n.a.
n.a.
1,678.0
152.0
706.0
n.a.
n.a.
34,070.0
31,664.0
671,044.0
n.a.
n.a.
14,263.0
5,096.0
n.a.
n.a.
n.a.
19,359.0
690,403.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
52.29
148.11
n.a.
n.a.
n.a.
-97.62
n.a.
n.a.
19.11
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2.15
n.a.
n.a.
n.a.
2.80
n.a.
n.a.
n.a.
-13.25
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
186.52
110.55
13.52
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
690,403.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
21,802.0
n.a.
-2,565.0
n.a.
n.a.
19,359.0
n.a.
n.a.
n.a.
19,359.0
n.a.
n.a.
3,787.0
803.0
2,066.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
37,723.0
n.a.
n.a.
n.a.
n.a.
n.a.
6,411.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
5,096.0
14,263.0
19,359.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
19,359.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
354,273.0
n.a.
354,273.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
IFRS
Audited
31/12/2008
n.a.
98.43
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2.80
15.19
9.32
2.98
5.96
32.29
19.81
6.34
52.97
0.30
0.28
0.30
1.13
-0.55
0.18
-0.37
-13.25
n.a.
n.a.
-25.07
148.11
-0.28
110.55
18.47
61.35
21.94
224.55
80.32
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
Bank History :
Established on May 4, 1864 as Société Générale pour favoriser le Développement du Commerce et de l'Industrie en
France S.A. In 1983, its name changed to Société Générale. In 1996 absorbed Société de Banque du Nord, Société de
Banque Midi-Pyrénées, Société de Banque de Normandie, Société de Banque de Provence - Banque de Provence and
Société de Banque de Bourgogne -Banque de Bourgogne SBB. In May 2000, the banking activities of SOGENAL (Groupe
Société Génerale) were transferred to Société Général, with a retroactive effect to January 1, 2001. On January 2, 2003
absorbed Crédit immobilier général CIG.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating A 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 382,524.0 388,100.0 366,456.0 379,175.0
Gross Loans 399,287.0 403,393.0 379,078.0 388,383.0
Less: Reserves for Impaired Loans/ NPLs 16,763.0 15,293.0 12,622.0 9,208.0
Other Earning Assets 666,303.0 655,257.0 575,192.0 656,907.0
Loans and Advances to Banks 114,360.0 95,295.0 82,402.0 77,588.0
Derivatives 254,345.0 198,919.0 182,780.0 317,996.0
Other Securities 295,363.0 359,975.0 309,690.0 258,299.0
Remaining earning assets 2,235.0 1,068.0 320.0 3,024.0
Total Earning Assets 1,048,827.0 1,043,357.0 941,648.0 1,036,082.0
Fixed Assets 15,158.0 14,288.0 13,631.0 13,595.0
Non-Earning Assets 117,387.0 74,427.0 68,422.0 80,326.0
Total Assets 1,181,372.0 1,132,072.0 1,023,701.0 1,130,003.0
Notes
Impaired Loans (Memo) 27,710.0 26,408.0 23,829.0 14,669.0
Loan Loss Reserves (Memo) 16,763.0 15,293.0 12,622.0 9,208.0
Liquid Assets (Memo) 325,481.0 361,665.0 311,930.0 265,552.0
Intangibles (Memo) 8,652.0 8,955.0 8,160.0 8,090.0
Off Balance Sheet Items 228,839.0 262,006.0 228,899.0 231,931.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 12,627.0 12,288.0 11,964.0 8,414.0
Other Operating Income 11,833.0 13,703.0 10,486.0 12,749.0
Net Gains (Losses) on Trading and Derivatives 3,780.0 4,871.0 1,656.0 4,589.0
Net Gains (Losses) on Assets at FV through Income -522.0 43.0 66.0 -353.0
Statement
Net Fees and Commissions 7,179.0 7,485.0 7,812.0 7,415.0
Remaining Operating Income 1,396.0 1,304.0 952.0 1,098.0
Overheads 17,036.0 16,545.0 15,766.0 15,528.0
Loan Loss Provisions 3,015.0 3,464.0 4,450.0 2,460.0
Other -298.0 -138.0 -1,434.0 833.0
Profit before Tax 4,111.0 5,844.0 800.0 4,008.0
Tax 1,323.0 1,542.0 -308.0 1,235.0
Net Income 2,788.0 4,302.0 1,108.0 2,773.0
Operating Income (Memo) 24,460.0 25,991.0 22,450.0 21,163.0
Net Gains (Losses) on Trading and Derivatives 3,780.0 4,871.0 1,656.0 4,589.0
Net Gains (Losses) on Other Securities -2.0 33.0 -55.0 -169.0
Net Gains (Losses) on Assets at FV through Income -522.0 43.0 66.0 -353.0
Statement
Net Insurance Income 752.0 676.0 542.0 527.0
Net Fees and Commissions 7,179.0 7,485.0 7,812.0 7,415.0
Other Operating Income 646.0 595.0 465.0 740.0
Total Non-Interest Operating Income 11,833.0 13,703.0 10,486.0 12,749.0
Personnel Expenses 9,666.0 9,559.0 9,157.0 8,616.0
Other Operating Expenses 7,370.0 6,986.0 6,609.0 6,912.0
Total Non-Interest Expenses 17,036.0 16,545.0 15,766.0 15,528.0
Memo: Net Income after Allocation to Non- 2,385.0 3,917.0 678.0 2,010.0
controlling Interests
Memo: Common Dividends Relating to the Period 1,770.0 1,726.0 642.0 1,172.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans 104,528.0 99,305.0 89,204.0 85,810.0
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans 233,437.0 32,187.0 31,187.0 32,307.0
Corporate & Commercial Loans n.a. 156,737.0 144,265.0 140,240.0
Other Loans 61,322.0 115,164.0 114,422.0 130,026.0
Less: Reserves for Impaired Loans/ NPLs 16,763.0 15,293.0 12,622.0 9,208.0
Net Loans 382,524.0 388,100.0 366,456.0 379,175.0
Gross Loans 399,287.0 403,393.0 379,078.0 388,383.0
Memo: Impaired Loans included above 27,710.0 26,408.0 23,829.0 14,669.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 37,481.0 42,391.0 41,071.0 44,179.0
Reverse Repos and Cash Collateral 76,879.0 52,904.0 41,331.0 33,409.0
Trading Securities and at FV through Income 167,158.0 252,289.0 215,134.0 174,219.0
Derivatives 254,345.0 198,919.0 182,780.0 317,996.0
Available for Sale Securities 124,738.0 103,836.0 90,433.0 81,723.0
Held to Maturity Securities 1,453.0 1,882.0 2,122.0 2,172.0
At-equity Investments in Associates 2,014.0 1,968.0 2,001.0 185.0
Other Securities n.a. n.a. n.a. n.a.
Total Securities 626,587.0 611,798.0 533,801.0 609,704.0
Memo: Government Securities included Above n.a. 72,939.0 60,105.0 46,137.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. n.a. n.a. n.a.
Insurance Assets 2,235.0 1,068.0 320.0 3,024.0
Other Earning Assets n.a. n.a. n.a. n.a.
Total Earning Assets 1,048,827.0 1,043,357.0 941,648.0 1,036,082.0
Non-earning Assets
Cash and Due From Banks 43,963.0 14,081.0 14,394.0 13,745.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 15,158.0 14,288.0 13,631.0 13,595.0
Goodwill 6,973.0 7,431.0 6,620.0 6,530.0
Other Intangibles 1,679.0 1,524.0 1,540.0 1,560.0
Current Tax Assets 648.0 578.0 553.0 1,724.0
Deferred Tax Assets 4,582.0 4,867.0 4,940.0 2,950.0
Discontinued Operations 429.0 64.0 375.0 37.0
Other Assets 59,113.0 45,882.0 40,000.0 53,780.0
Total Assets 1,181,372.0 1,132,072.0 1,023,701.0 1,130,003.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.82 4.56 4.83 6.20
Interest Expense on Customer Deposits/ Average 2.43 2.05 2.44 3.98
Customer Deposits%
Interest Income/ Average Earning Assets% 3.10 2.81 3.14 4.01
Interest Expense/ Average Interest-bearing 2.08 1.77 2.10 3.49
Liabilities%
Net Interest Income/ Average Earning Assets% 1.19 1.21 1.22 0.83
Net Int. Inc Less Loan Impairment Charges/ Av. 0.91 0.87 0.76 0.59
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.19 1.21 1.22 0.83
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 48.38 52.72 46.71 60.24
Non-Interest Expense/ Gross Revenues% 69.65 63.66 70.23 73.37
Non-Interest Expense/ Average Assets% 1.45 1.49 1.47 1.42
Pre-impairment Op. Profit/ Average Equity% 15.64 21.75 19.00 17.95
Pre-impairment Op. Profit/ Average Total Assets% 0.63 0.85 0.62 0.52
Loans and securities impairment charges/ Pre- 58.32 44.04 87.49 47.12
impairment Op. Profit%
Operating Profit/ Average Equity% 6.52 12.17 2.38 9.49
Operating Profit/ Average Total Assets% 0.26 0.48 0.08 0.27
Taxes/ Pre-tax Profit% 32.18 26.39 -38.50 30.81
Pre-Impairment Operating Profit / Risk Weighted 2.13 2.75 2.06 n.a.
Assets%
Operating Profit / Risk Weighted Assets% 0.89 1.54 0.26 n.a.
Other Profitability Ratios
Net Income/ Average Total Equity% 5.87 9.91 3.15 8.83
Net Income/ Average Total Assets% 0.24 0.39 0.10 0.25
Fitch Comprehensive Income/ Average Total Equity 4.79 11.86 5.67 -0.08
%
Fitch Comprehensive Income/ Average Total Assets 0.19 0.46 0.19 0.00
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 0.80 1.25 0.34 n.a.
Fitch Comprehensive Income/ Risk Weighted Assets 0.65 1.50 0.61 n.a.
%
Capitalization
Fitch Core Capital/Weighted Risks% 6.89 6.12 6.41 n.a.
Fitch Eligible Capital/ Weighted Risks% 6.89 6.29 8.60 6.61
Tangible Common Equity/ Tangible Assets% 3.14 2.69 2.64 2.02
Tier 1 Regulatory Capital Ratio% 10.70 10.56 10.70 8.43
Total Regulatory Capital Ratio% 11.90 12.09 12.96 11.19
Core Tier 1 Regulatory Capital Ratio% 9.00 8.50 8.40 n.a.
Equity/ Total Assets% 3.85 3.84 3.81 2.95
Cash Dividends Paid & Declared/ Net Income% 63.49 40.12 57.94 42.26
Cash Dividend Paid & Declared/ Fitch 77.84 33.51 32.21 n.s.
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 2.24 5.93 1.19 4.80
Loan Quality
Growth of Total Assets% 4.35 10.59 -9.41 5.43
Growth of Gross Loans% -1.02 6.41 -2.40 19.10
Impaired Loans(NPLs)/ Gross Loans% 6.94 6.55 6.29 3.78
Reserves for Impaired Loans/ Gross loans% 4.20 3.79 3.33 2.37
Reserves for Impaired Loans/ Impaired Loans% 60.49 57.91 52.97 62.77
Impaired Loans less Reserves for Imp Loans/ Equity 24.08 25.59 28.74 16.37
%
Loan Impairment Charges/ Average Gross Loans% 0.75 0.88 1.16 0.69
Net Charge-offs/ Average Gross Loans% 0.78 n.a. n.a. 0.00
Impaired Loans + Foreclosed Assets/ Gross Loans + 6.94 6.55 6.29 3.78
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 138.11 129.86 135.77 147.10
Interbank Assets/ Interbank Liabilities% 41.63 65.73 53.11 41.08
Customer Deposits/ Total Funding excl Derivatives% 39.75 42.28 41.99 40.61
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 77,057.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 42,275.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 30,834.0
Total Trading Assets at FV through the Income n.a. n.a. n.a. 150,166.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 64,830.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. 12,972.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 19,120.0
AFS Assets - Other n.a. n.a. n.a. 11,300.0
Total AFS Assets 124,738.0 103,836.0 90,433.0 81,723.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 597.0
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 10.70 10.56 10.70 8.43
Total Capital Ratio 11.90 12.09 12.96 11.19
Equity / Tot Assets 4.33 4.50 4.58 3.62
Equity / Net Loans 13.36 13.14 12.78 10.78
Equity / Cust & Short Term Funding 9.32 8.86 8.73 7.86
Equity / Liabilities 4.57 4.77 4.86 3.80
Cap Funds / Tot Assets 5.22 5.57 5.80 4.85
Cap Funds / Net Loans 16.12 16.23 16.21 14.45
Cap Funds / Dep & ST Funding 11.24 10.95 11.07 10.54
Cap Funds / Liabilities 5.51 5.89 6.16 5.10
Subord Debt / Cap Funds 17.10 19.09 21.14 25.40
Operations
Net Interest Margin 1.21 1.24 1.21 0.83
Net Int Rev / Avg Assets 1.09 1.14 1.11 0.76
Oth Op Inc / Avg Assets 1.02 1.27 0.97 1.16
Non Int Exp / Avg Assets 1.73 1.86 1.88 1.63
Pre-Tax Op Inc / Avg Assets 0.38 0.56 0.21 0.29
Non Op Items & Taxes / Avg Ast -0.14 -0.16 -0.11 -0.04
Return On Avg Assets (ROAA) 0.24 0.40 0.10 0.25
Return On Avg Equity (ROAE) 5.46 8.80 2.53 7.69
Dividend Pay-Out 63.49 40.12 57.94 42.27
Inc Net Of Dist / Avg Equity 1.99 5.27 1.06 4.44
Non Op Items / Net Income -10.69 -3.21 -129.42 30.04
Cost To Income Ratio 69.65 63.66 70.23 73.37
Recurring Earning Power 0.64 0.88 0.62 0.51
Liquidity
Interbank Ratio 56.28 59.11 54.69 47.99
Net Loans / Tot Assets 32.38 34.28 35.80 33.56
Net Loans / Dep & ST Funding 69.71 67.46 68.27 72.90
Net Loans / Tot Dep & Bor 39.47 41.86 43.82 40.07
Liquid Assets / Dep & ST Funding 59.32 62.86 58.11 51.06
Liquid Assets / Tot Dep & Bor 33.58 39.01 37.30 28.06
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007 2006
Market price - January 20.37 47.23 42.21 32.95 83.20 135.50 108.00
Market price - February 24.25 50.95 40.40 24.96 71.10 127.34 118.14
Market price - March 21.97 45.85 46.56 29.50 62.02 129.37 123.31
Market price - April 17.86 45.16 40.40 39.17 75.16 156.50 120.32
Market price - May 16.06 41.24 35.05 41.00 66.80 144.79 119.43
Market price - June 18.41 40.92 34.30 38.88 55.29 137.53 114.26
Market price - July 18.01 34.74 44.24 45.05 59.84 127.44 116.05
Market price - August 21.05 23.36 40.18 56.21 66.10 118.37 125.19
Market price - September 22.10 20.00 42.25 55.00 62.00 117.68 124.70
Market price - October 24.53 21.10 43.03 45.38 42.17 115.86 130.20
Market price - November n.a. 18.08 35.71 46.89 33.38 105.58 126.50
Market price - December n.a. 17.21 40.22 48.95 36.00 98.93 128.60
BETA
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 13/11/2012 Weather Investments II acquires La Mancha Resources (deal no.
1601352530)
2 12/11/2012 Qatar National Bank may fully acquire National Societe General
Bank in a PTO (deal no. 1601419814)
3 10/11/2012 Banco Popular announces rights issue details (deal no.
1601407254)
4 24/10/2012 Shinhan Bank looking to acquire SGVF (deal no. 1633102115)
5 23/10/2012 Tikehau to acquire majority stake in Salvepar from Société
Générale (deal no. 1601413969)
6 23/10/2012 Tikehau to file takeover for Salvepar (deal no. 1601413983)
7 22/10/2012 Paris Cash Holding in OBO (deal no. 1601414247)
8 22/10/2012 Eurofeu acquired in second MBO (deal no. 1601414281)
9 19/10/2012 Geniki summons to EGM (deal no. 1601384886)
10 17/10/2012 Laredo Petroleum Holdings completes secondary offering of
shares held by Warburg Pincus (deal no. 1601409881)
11 12/10/2012 Rubis conducts private placing with Société Générale (deal no.
1601411476)
12 03/10/2012 In'Tech acquired by management, TCR Capital and Arkéa (deal
no. 1601411253)
13 02/10/2012 Alstom plans capital increase for Russian investment (deal no.
1601407611)
14 01/10/2012 Alstom completes private placing (deal no. 1601407611)
15 27/09/2012 Mr Vladimir Koshelev has acquired majority stake in KB Rosbank-
Volga (deal no. 1601415149)
16 21/09/2012 Karat might be sold to Bel (deal no. 1601405570)
17 17/09/2012 IntercontinentalExchange to acquire APX-Endex' gas trading
division (deal no. 1601403148)
18 11/09/2012 New private equity owner for Unipex (deal no. 1601401585)
19 10/09/2012 AXA Private Equity agrees to sell Groupe Unipex to IK Investment
Partners (deal no. 1601401585)
20 10/09/2012 Initiative & Finance take majority stake in Fil Rouge MBI (deal no.
1601403130)
21 31/08/2012 Société Générale in talks to sell Egypt division (deal no.
1601398922)
22 31/08/2012 Owens & Minor completes acquistion of Movianto (deal no.
1601333401)
23 29/08/2012 Société Générale planning to sell Geniki Bank (deal no.
1601384886)
24 28/08/2012 Toyota Tsusho launches offer for remainder of CFAO (deal no.
1601389972)
25 28/08/2012 Toyota Tsusho announces offer for remaining shares in CFAO
(deal no. 1601389972)
26 21/08/2012 Société Générale looking to sell PEMA (deal no. 1601396437)
27 14/08/2012 Penta Group will acquire Lekarny Lloyds and Gehe Pharma (deal
no. 1601394927)
28 11/08/2012 Innimmo Financial Services acquired CrediBul from SG Finance
(deal no. 1601394763)
29 10/08/2012 Carlyle Group teams with management to buy TCW from SocGen
(deal no. 1601321041)
30 09/08/2012 Société Générale to sell TCW Group to Carlyle Group (deal no.
1601321041)
31 03/08/2012 Rubis completes private placing (deal no. 1601392708)
32 02/08/2012 Toyota Tsusho acquires stake in CFAO and is looking to make an
offer for remaining shares in CFAO (deal no. 1601389968)
33 02/08/2012 21 Centrale Partners completes acquisition of majority stake in
Cléor (deal no. 1601370401)
34 31/07/2012 Lion Capital completes acquisition of Afflelou (deal no.
1601357346)
35 26/07/2012 Toyota Tsusho buying shares in CFAO (deal no. 1601389968)
36 26/07/2012 Microwave Vision secures funding from Oséo, Société Générale
and CIC (deal no. 1601390469)
37 25/07/2012 Owens & Minor acquiring Movianto (deal no. 1601333401)
38 23/07/2012 Omnes Capital, Mr Eric Beaudru and Mr Antoine de Miramon
acquire Unafinance in Management buy-in transaction (deal no.
1601389356)
Source : Zephyr
2. Mr. Diony Lebot - Chief Executive Officer for Euro SenMan RE, WW
P014141940 region, Corporate and
Investment Banking; Deputy
Head of Coverage and
Investment Banking and Chief
Executive Officer for Western
Europe - Corp (since 2012)
5. Mr. Craig Overlander - Chief Executive Officer for SenMan RE, WW
P086216878 Western Europe, Corporate and
Investment Banking; Chief
Executive Officer of Societe
Generale Americas, Chief
Executive Officer for Western
Europe - C (since 2012)
8. Mr. Ian James Fisher - Head of Corporate & Investment SenMan WW
P014141937 Banking and Group Country Head
for the United Kingdom
9. Mr. Donato Gonzalez-Sanchez - Group Country Head for Spain SenMan WW
P041344012 and Portugal
- Chief Country Officer for Spain OthDep RE, WW
and Portugal, Head of Corporate
& Investment Banking Activities
In S (since 01/01/2011)
10. Mr. Laurent Goutard - Head of Societe Generale Retail SenMan WW
P039816494 Banking in France
- Head of Retail Banking Network Sales RE
In France and Head of Societe
Generale French Distribution
Network, M (since 09/2011)
- Head of the Societe Generale OthDep WW
French Network
11. Mrs. Caroline Guillaumin - Head of Group Communication, SenMan RE, WW
P016590600 Member of the Executive
Committee and Group
Management Committee
(since 01/01/2010)
15. Mr. Hikaru Ogata - Chief Executive Officer for the SenMan WW
P070431842 Asia Pacific Region, Corporate &
Investment Banking Asia Pacific
16. Mr. Jean-Luc A. J. Parer - Head of International Retail SenMan RE, WW
P014141945 Banking, Member of the
Executive Committee and Group
Management Committ
(since 03/09/2012)
- Head of International Retail OthDep WW
Banking
17. Mr. Jacques Ripoll - Head of Global Investment SenMan RE, WW
P014141959 Management and Services,
Member of the Executive
Committee and Group Manag
(since 07/09/2009)
- Head of Global Investment OthDep WW
Management and Services
(since 2009)
18. Mr. Séverin Cabannes - Deputy Chief Executive Officer, SenMan RE, WW
P055223357 Member of the Executive
Committee and Group
Management Committee
(since 05/2008)
19. Mr. Jean-François Sammarcelli - Deputy Chief Executive Officer - SenMan RE, WW
P014141969 French Retail Banking, Member
of the Executive Committee and
Group (since 01/01/2010)
20. Mr. Bernardo Sanchez Incera - Deputy Chief Executive Officer, SenMan RE, WW
P047115581 Member of the Executive
Committee and Group
Management Committee
(since 01/01/2010)
23. Mr. Bertrand Badré - Chief Financial Officer, Member FinAcc RE, SC, WW
of the Executive Committee and
Group Management Committee
(since 01/2012)
23. - Chief Financial Officer, Member FinAcc RE, SC, WW
P008288772 of the Executive Committee and
Group Management Committee
(since 01/2012)
24. Mrs. Véronique de La Bachelerie - Chief Financial Officer of Societe FinAcc RE
P051749874 Generale Retail Bank In France,
Member of the Group
Management Co
(since 01/01/2011)
30. Mr. Patrick Claude Maurice - Deputy Head of International HR, Sales RE
Renouvin Retail Banking Responsible for
P014141958 Resources, Member of the Group
Managemen (since 06/2008)
44. Mr. Benoit Ottenwaelter - Group Chief Risk Officer, Member OthDep RE, WW
P132207606 of the Executive Committee and
Group Management Committee
(since 02/2009)
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
*: For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
52 16
38 28
om
dustrie en
, Société de
ovence and
ENAL (Groupe
nuary 2, 2003
ope)
Watch
2005
75.91
79.29
79.64
76.41
79.34
83.61
89.67
86.99
94.34
94.64
100.45
103.24
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
Peer Group
Peer Group Name Bank Holding Companies Europe (Excl. Eastern Europe)
Size 178
Bank ratings (as at 14/11/2012)
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BBB 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 515,606.0 555,260.0 728,393.0 874,722.0
Gross Loans 535,366.0 573,315.0 745,519.0 885,611.0
Less: Reserves for Impaired Loans/ NPLs 19,760.0 18,055.0 17,126.0 10,889.0
Other Earning Assets 849,430.0 783,048.0 836,905.0 1,446,335.0
Loans and Advances to Banks 83,310.0 100,518.0 91,753.0 138,197.0
Derivatives 529,618.0 427,077.0 441,454.0 992,559.0
Other Securities 224,263.0 239,678.0 286,782.0 293,879.0
Remaining earning assets 12,239.0 15,775.0 16,916.0 21,700.0
Total Earning Assets 1,365,036.0 1,338,308.0 1,565,298.0 2,321,057.0
Fixed Assets 7,400.0 12,373.0 14,514.0 15,081.0
Non-Earning Assets 134,431.0 102,895.0 116,674.0 65,514.0
Total Assets 1,506,867.0 1,453,576.0 1,696,486.0 2,401,652.0
Notes
Impaired Loans (Memo) 40,845.0 38,598.0 38,249.0 21,261.0
Loan Loss Reserves (Memo) 19,760.0 18,055.0 17,126.0 10,889.0
Liquid Assets (Memo) 271,509.0 277,002.0 274,734.0 291,460.0
Intangibles (Memo) 14,858.0 14,448.0 17,847.0 20,049.0
Off Balance Sheet Items 278,819.0 314,300.0 342,607.0 433,261.0
INCOME STATEMENT
Audited Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil GBP mil GBP mil GBP mil GBP
Net Interest Revenue 12,679.0 14,209.0 13,388.0 15,482.0
Other Operating Income 11,414.0 12,074.0 11,440.0 354.0
Net Gains (Losses) on Trading and Derivatives 2,701.0 4,517.0 3,761.0 -9,025.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Fees and Commissions 4,924.0 5,982.0 5,948.0 6,411.0
Remaining Operating Income 3,789.0 1,575.0 1,731.0 2,968.0
Overheads 17,085.0 18,218.0 19,202.0 18,154.0
Loan Loss Provisions 7,241.0 9,144.0 13,090.0 7,439.0
Other -533.0 680.0 4,817.0 -15,934.0
Profit before Tax -766.0 -399.0 -2,647.0 -25,691.0
Tax 1,250.0 634.0 -429.0 -2,167.0
Net Income -1,969.0 -1,666.0 -2,323.0 -34,542.0
Operating Income (Memo) 24,093.0 26,283.0 24,828.0 15,836.0
Net Gains (Losses) on Trading and Derivatives 2,701.0 4,517.0 3,761.0 -9,025.0
Net Gains (Losses) on Other Securities n.a. n.a. n.a. n.a.
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Insurance Income 1,288.0 345.0 909.0 1,792.0
Net Fees and Commissions 4,924.0 5,982.0 5,948.0 6,411.0
Other Operating Income 2,501.0 1,230.0 822.0 1,176.0
Total Non-Interest Operating Income 11,414.0 12,074.0 11,440.0 354.0
Personnel Expenses 8,678.0 9,671.0 9,993.0 8,898.0
Other Operating Expenses 8,407.0 8,547.0 9,209.0 9,256.0
Total Non-Interest Expenses 17,085.0 18,218.0 19,202.0 18,154.0
Memo: Net Income after Allocation to Non- -1,997.0 -1,125.0 -3,607.0 -24,306.0
controlling Interests
Memo: Common Dividends Relating to the Period n.a. 0.0 0.0 2,312.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans 143,611.0 146,501.0 140,907.0 139,391.0
Other Mortgage Loans 86,221.0 102,138.0 114,186.0 123,526.0
Other Consumer/ Retail Loans 32,623.0 37,472.0 41,671.0 51,070.0
Corporate & Commercial Loans 210,626.0 233,583.0 405,493.0 525,942.0
Other Loans 62,285.0 53,621.0 43,262.0 45,682.0
Less: Reserves for Impaired Loans/ NPLs 19,760.0 18,055.0 17,126.0 10,889.0
Net Loans 515,606.0 555,260.0 728,393.0 874,722.0
Gross Loans 535,366.0 573,315.0 745,519.0 885,611.0
Memo: Impaired Loans included above 40,845.0 38,598.0 38,249.0 21,261.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 43,870.0 57,911.0 56,656.0 79,426.0
Reverse Repos and Cash Collateral 39,440.0 42,607.0 35,097.0 58,771.0
Trading Securities and at FV through Income 108,930.0 119,470.0 130,720.0 140,863.0
Derivatives 529,618.0 427,077.0 441,454.0 992,559.0
Available for Sale Securities 109,274.0 113,129.0 146,191.0 140,031.0
Held to Maturity Securities 6,059.0 7,079.0 9,871.0 12,985.0
At-equity Investments in Associates n.a. n.a. n.a. n.a.
Other Securities n.a. n.a. n.a. n.a.
Total Securities 793,321.0 709,362.0 763,333.0 1,345,209.0
Memo: Government Securities included Above 125,543.0 123,940.0 146,857.0 105,779.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 4,468.0 4,170.0 4,883.0 3,868.0
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets 7,771.0 11,605.0 12,033.0 17,832.0
Total Earning Assets 1,365,036.0 1,338,308.0 1,565,298.0 2,321,057.0
Non-earning Assets
Cash and Due From Banks 79,269.0 57,014.0 52,261.0 12,400.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 7,400.0 12,373.0 14,514.0 15,081.0
Goodwill n.a. n.a. 14,264.0 15,562.0
Other Intangibles 14,858.0 14,448.0 3,583.0 4,487.0
Current Tax Assets n.a. n.a. n.a. n.a.
Deferred Tax Assets 3,878.0 6,373.0 7,039.0 7,082.0
Discontinued Operations 25,450.0 12,484.0 18,542.0 1,581.0
Other Assets 10,976.0 12,576.0 20,985.0 24,402.0
Total Assets 1,506,867.0 1,453,576.0 1,696,486.0 2,401,652.0
Interest-bearing Liabilities
Customer Deposits - Current 502,955.0 510,693.0 614,202.0 639,512.0
Customer Deposits - Savings n.a. n.a. n.a. n.a.
Customer Deposits - Term n.a. n.a. n.a. n.a.
Total Customer Deposits 502,955.0 510,693.0 614,202.0 639,512.0
Deposits from Banks 69,113.0 98,790.0 142,144.0 258,044.0
Repos and Cash Collateral 39,691.0 n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 68,889.0 94,048.0 136,901.0 174,507.0
Total Deposits, Money Market and Short-term 680,648.0 703,531.0 893,247.0 1,072,063.0
Funding
Senior Debt Maturing after 1 Year 93,732.0 124,324.0 130,667.0 125,782.0
Subordinated Borrowing 21,537.0 22,273.0 32,761.0 41,859.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 115,269.0 146,597.0 163,428.0 167,641.0
Derivatives 523,983.0 423,967.0 424,141.0 971,364.0
Trading Liabilities 48,516.0 54,109.0 50,876.0 54,277.0
Total Funding 1,368,416.0 1,328,204.0 1,531,692.0 2,265,345.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 2,239.0 2,288.0 2,963.0 2,032.0
Current Tax Liabilities n.a. n.a. n.a. 585.0
Deferred Tax Liabilities 1,945.0 2,142.0 2,811.0 4,165.0
Other Deferred Liabilities n.a. n.a. n.a. 7,640.0
Discontinued Operations 23,995.0 9,428.0 18,890.0 n.a.
Insurance Liabilities 6,312.0 6,794.0 10,281.0 9,976.0
Other Liabilities 23,125.0 23,089.0 30,327.0 24,116.0
Total Liabilities 1,426,032.0 1,371,945.0 1,596,964.0 2,313,859.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 4,782.0 4,780.0 4,891.0 7,295.0
Debt
Pref. Shares and Hybrid Capital accounted for as 5,292.0 5,292.0 8,502.0 16,743.0
Equity
Equity
Common Equity 66,388.0 68,437.0 68,407.0 41,839.0
Non-controlling Interest 686.0 1,171.0 16,239.0 19,798.0
Securities Revaluation Reserves -957.0 -2,037.0 -1,755.0 -3,561.0
Foreign Exchange Revaluation Reserves 4,775.0 5,138.0 4,528.0 6,385.0
Fixed Asset Revaluations and Other Accumulated -131.0 -1,150.0 -1,290.0 -706.0
OCI
Total Equity 70,761.0 71,559.0 86,129.0 63,755.0
Total Liabilities and Equity 1,506,867.0 1,453,576.0 1,696,486.0 2,401,652.0
Memo: Fitch Core Capital 33,195.0 31,662.0 27,125.0 10,985.0
Memo: Fitch Eligible Capital 38,232.0 36,698.0 35,364.0 15,692.8
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.20 3.11 3.12 5.20
Interest Expense on Customer Deposits/ Average 0.68 0.71 1.01 2.80
Customer Deposits%
Interest Income/ Average Earning Assets% 1.57 2.35 2.52 3.21
Interest Expense/ Average Interest-bearing 0.64 0.96 1.12 2.06
Liabilities%
Net Interest Income/ Average Earning Assets% 0.93 1.47 1.28 1.18
Net Int. Inc Less Loan Impairment Charges/ Av. 0.40 0.52 0.03 0.61
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 0.93 1.47 1.28 1.18
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 47.37 45.94 46.08 2.24
Non-Interest Expense/ Gross Revenues% 70.91 69.31 77.34 114.64
Non-Interest Expense/ Average Assets% 1.15 1.09 0.95 0.89
Pre-impairment Op. Profit/ Average Equity% 9.81 10.49 9.82 -3.96
Pre-impairment Op. Profit/ Average Total Assets% 0.47 0.48 0.28 -0.11
Loans and securities impairment charges/ Pre- 124.27 114.77 247.05 -320.92
impairment Op. Profit%
Operating Profit/ Average Equity% -2.38 -1.55 -14.44 -16.67
Operating Profit/ Average Total Assets% -0.11 -0.07 -0.41 -0.48
Taxes/ Pre-tax Profit% -163.19 -158.90 16.21 8.43
Pre-Impairment Operating Profit / Risk Weighted 1.60 1.73 1.04 -0.33
Assets%
Operating Profit / Risk Weighted Assets% -0.39 -0.26 -1.53 -1.40
Other Profitability Ratios
Net Income/ Average Total Equity% -2.76 -2.17 -4.05 -59.00
Net Income/ Average Total Assets% -0.13 -0.10 -0.11 -1.69
Fitch Comprehensive Income/ Average Total Equity -1.09 -0.87 -10.75 -46.94
%
Fitch Comprehensive Income/ Average Total Assets -0.05 -0.04 -0.30 -1.35
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -0.45 -0.36 -0.43 -4.96
Fitch Comprehensive Income/ Risk Weighted Assets -0.18 -0.14 -1.14 -3.95
%
Capitalization
Fitch Core Capital/Weighted Risks% 7.56 6.80 5.01 1.58
Fitch Eligible Capital/ Weighted Risks% 8.71 7.88 6.54 2.26
Tangible Common Equity/ Tangible Assets% 3.50 3.71 3.77 1.64
Tier 1 Regulatory Capital Ratio% 13.00 12.90 14.10 10.00
Total Regulatory Capital Ratio% 13.80 14.00 16.10 14.10
Core Tier 1 Regulatory Capital Ratio% 10.60 10.70 11.00 6.60
Equity/ Total Assets% 4.70 4.92 5.08 2.65
Cash Dividends Paid & Declared/ Net Income% n.a. 0.00 0.00 -6.69
Cash Dividend Paid & Declared/ Fitch n.a. 0.00 0.00 -8.41
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -2.78 -2.33 -2.70 -57.81
Loan Quality
Growth of Total Assets% 3.67 -14.32 -29.36 26.37
Growth of Gross Loans% -6.62 -23.10 -15.82 5.97
Impaired Loans(NPLs)/ Gross Loans% 7.63 6.73 5.13 2.40
Reserves for Impaired Loans/ Gross loans% 3.69 3.15 2.30 1.23
Reserves for Impaired Loans/ Impaired Loans% 48.38 46.78 44.78 51.22
Impaired Loans less Reserves for Imp Loans/ Equity 29.80 28.71 24.52 16.27
%
Loan Impairment Charges/ Average Gross Loans% 1.29 1.46 1.84 1.04
Net Charge-offs/ Average Gross Loans% 0.71 0.90 0.87 0.40
Impaired Loans + Foreclosed Assets/ Gross Loans + 7.63 6.73 5.13 2.40
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 106.44 112.26 121.38 138.48
Interbank Assets/ Interbank Liabilities% 63.48 58.62 39.86 30.78
Customer Deposits/ Total Funding excl Derivatives% 59.56 56.48 55.46 49.42
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. 98,869.0 111,413.0 116,280.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. 64,277.0 68,705.0 52,750.0
Trading Assets - Debt Securities - Banks n.a. 5,778.0 6,103.0 11,021.0
Trading Assets - Debt Securities - Corporates n.a. 6,590.0 6,892.0 11,057.0
Trading Assets - Debt Securities - Structured n.a. 21,988.0 28,820.0 39,879.0
Trading Assets - Equities n.a. 19,186.0 11,318.0 17,054.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. 402.0 2,409.0 4,972.0
Statement (where no split)
Debt Securities designated at FV through the n.a. 263.0 510.0 3,067.0
Income Statement - Governments
Debt Securities designated at FV through the n.a. 3.0 418.0 89.0
Income Statement - Banks
Debt Securities designated at FV through the n.a. 16.0 1,087.0 1,580.0
Income Statement - Corporates
Debt Securities designated at FV through the n.a. 119.0 394.0 236.0
Income Statement - Structured
Equity Securities designated at FV through the n.a. 1,013.0 2,083.0 2,101.0
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. 237.0 913.0 456.0
Total Trading Assets at FV through the Income n.a. 119,707.0 128,136.0 140,863.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. 111,130.0 125,382.0 132,856.0
breakdown)
AFS Assets - Government n.a. 59,389.0 64,866.0 49,962.0
AFS Assets - Banks n.a. 7,198.0 7,472.0 13,139.0
AFS Assets - Corporates n.a. 2,011.0 2,550.0 5,400.0
AFS Assets - Structured n.a. 42,515.0 50,464.0 62,067.0
AFS Assets - Equities n.a. 1,999.0 2,559.0 7,175.0
AFS Assets - Other n.a. 17.0 30.0 2,288.0
Total AFS Assets 109,274.0 113,129.0 146,191.0 140,031.0
HTM - Debt Securities (where no issuer breakdown) n.a. 7,079.0 9,871.0 12,985.0
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 13.00 12.90 14.10 10.00
Total Capital Ratio 13.80 14.00 16.10 14.10
Equity / Tot Assets 5.05 5.29 5.58 3.35
Equity / Net Loans 14.75 13.84 12.99 9.20
Equity / Cust & Short Term Funding 11.17 10.92 10.59 7.51
Equity / Liabilities 5.42 5.69 6.05 3.54
Cap Funds / Tot Assets 6.79 7.15 7.80 5.40
Cap Funds / Net Loans 19.86 18.71 18.16 14.82
Cap Funds / Dep & ST Funding 15.04 14.77 14.81 12.09
Cap Funds / Liabilities 7.29 7.70 8.46 5.71
Subord Debt / Cap Funds 21.04 21.44 24.77 32.29
Operations
Net Interest Margin 0.94 0.98 0.69 0.76
Net Int Rev / Avg Assets 0.86 0.90 0.65 0.72
Oth Op Inc / Avg Assets 0.77 0.77 0.56 0.02
Non Int Exp / Avg Assets 1.64 1.74 1.58 1.19
Pre-Tax Op Inc / Avg Assets -0.02 -0.07 -0.36 -0.45
Non Op Items & Taxes / Avg Ast -0.12 0.00 0.26 -0.64
Return On Avg Assets (ROAA) -0.13 -0.11 -0.11 -1.61
Return On Avg Equity (ROAE) -2.58 -1.94 -2.65 -40.18
Dividend Pay-Out n.a. 0.00 0.00 -6.69
Inc Net Of Dist / Avg Equity n.a. -1.94 -2.65 -42.87
Non Op Items / Net Income 27.07 -40.82 -207.36 46.13
Cost To Income Ratio 70.91 69.32 77.34 114.64
Recurring Earning Power 0.47 0.51 0.28 -0.11
Liquidity
Interbank Ratio 76.57 101.75 64.55 53.56
Net Loans / Tot Assets 34.22 38.20 42.94 36.42
Net Loans / Dep & ST Funding 75.75 78.93 81.54 81.59
Net Loans / Tot Dep & Bor 38.28 42.52 48.59 39.34
Liquid Assets / Dep & ST Funding 39.89 39.37 30.76 27.19
Liquid Assets / Tot Dep & Bor 20.16 21.21 18.33 13.11
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (GBP) 2012 2011 2010 2009 2008 2007
BETA
Date News
1 05/11/2012 Viewpoint subject to MBO (deal no. 1601417672)
2 26/10/2012 Selden acquires Jeyes Group Professional Cleaning Brand (deal
no. 1601415137)
3 19/10/2012 Seadrill Partners lists on NYSE (deal no. 1601384240)
4 12/10/2012 Santander withdraws offer for Royal Bank of Scotland's UK-based
branch business (deal no. 1601112347)
5 11/10/2012 Over allotment option exercised in Direct Line IPO (deal no.
1601312462)
6 14/09/2012 Royal Bank of Scotland new shares submitted to trading (deal no.
1601401552)
7 11/09/2012 Teekay Offshore Partners prices public offering (deal no.
1601402118)
8 05/09/2012 Teekay LNG Partners prices public offering (deal no. 1601400733)
38 01/05/2012 RBS M&A business to be spun off: report (deal no. 1601333177)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
6 85 55
7 61 40
n Europe)
ager for more
Watch
No of
employees
-
146,800
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
Bank History :
Established in 1991. On December 31, 1999 absorbed Republic New York Corporation.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname HSBCIFRS
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil USD Release Date 11/9/2012
Name of the Auditor KPMG Audit Plc Model ALLBANKS
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator A+
Peer Group
Peer Group Name Bank Holding Companies Europe (Excl. Eastern Europe)
Size 178
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BBB 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 940,429.0 958,366.0 896,231.0 932,868.0
Gross Loans 957,940.0 978,449.0 921,773.0 956,777.0
Less: Reserves for Impaired Loans/ NPLs 17,511.0 20,083.0 25,542.0 23,909.0
Other Earning Assets 1,379,605.0 1,318,972.0 1,300,443.0 1,441,735.0
Loans and Advances to Banks 189,195.0 214,343.0 186,176.0 159,769.0
Derivatives 346,379.0 260,757.0 250,886.0 494,876.0
Other Securities 802,672.0 840,016.0 858,194.0 782,992.0
Remaining earning assets 41,359.0 3,856.0 5,187.0 4,098.0
Total Earning Assets 2,320,034.0 2,277,338.0 2,196,674.0 2,374,603.0
Fixed Assets 10,865.0 11,521.0 13,802.0 14,025.0
Non-Earning Assets 224,680.0 165,830.0 153,976.0 138,837.0
Total Assets 2,555,579.0 2,454,689.0 2,364,452.0 2,527,465.0
Notes
Impaired Loans (Memo) 41,584.0 46,871.0 30,606.0 25,352.0
Loan Loss Reserves (Memo) 17,511.0 20,083.0 25,542.0 23,909.0
Liquid Assets (Memo) 701,326.0 692,603.0 722,856.0 683,385.0
Intangibles (Memo) 29,034.0 29,922.0 29,994.0 27,357.0
Off Balance Sheet Items 730,835.0 673,836.0 633,625.0 695,978.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Restated Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil USD mil USD mil USD mil USD
Net Interest Revenue 40,811.0 39,553.0 40,856.0 42,835.0
Other Operating Income 30,800.0 31,274.0 33,639.0 31,961.0
Net Gains (Losses) on Trading and Derivatives 6,506.0 7,210.0 9,863.0 6,560.0
Net Gains (Losses) on Assets at FV through Income -494.0 1,283.0 3,002.0 -2,250.0
Statement
Net Fees and Commissions 17,160.0 17,355.0 17,664.0 20,024.0
Remaining Operating Income 7,628.0 5,426.0 3,110.0 7,627.0
Overheads 40,225.0 37,688.0 34,395.0 38,535.0
Loan Loss Provisions 11,505.0 13,548.0 24,942.0 24,937.0
Other 1,991.0 -554.0 -8,079.0 -2,017.0
Profit before Tax 21,872.0 19,037.0 7,079.0 9,307.0
Tax 3,928.0 4,846.0 385.0 2,809.0
Net Income 17,944.0 14,191.0 6,694.0 6,498.0
Operating Income (Memo) 68,347.0 68,310.0 72,714.0 73,135.0
Net Gains (Losses) on Trading and Derivatives 6,506.0 7,210.0 9,863.0 6,560.0
Net Gains (Losses) on Other Securities 907.0 968.0 520.0 197.0
Net Gains (Losses) on Assets at FV through Income -494.0 1,283.0 3,002.0 -2,250.0
Statement
Net Insurance Income 1,691.0 -621.0 -1,979.0 3,961.0
Net Fees and Commissions 17,160.0 17,355.0 17,664.0 20,024.0
Other Operating Income 1,766.0 2,562.0 2,788.0 1,808.0
Total Non-Interest Operating Income 27,536.0 28,757.0 31,858.0 30,300.0
Personnel Expenses 21,166.0 19,836.0 18,468.0 20,792.0
Other Operating Expenses 19,059.0 17,852.0 15,927.0 17,743.0
Total Non-Interest Expenses 40,225.0 37,688.0 34,395.0 38,535.0
Memo: Net Income after Allocation to Non- 16,797.0 13,159.0 5,834.0 5,728.0
controlling Interests
Memo: Common Dividends Relating to the Period 7,344.0 5,937.0 5,370.0 11,119.0
Memo: Preferred Dividends Related to the Period 573.0 413.0 269.0 182.0
Balance Sheet
Assets
Loans
Residential Mortgage Loans 278,963.0 268,681.0 260,669.0 243,337.0
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans 114,662.0 156,639.0 173,537.0 196,890.0
Corporate & Commercial Loans 472,816.0 445,512.0 383,090.0 407,474.0
Other Loans 91,499.0 107,617.0 104,477.0 109,076.0
Less: Reserves for Impaired Loans/ NPLs 17,511.0 20,083.0 25,542.0 23,909.0
Net Loans 940,429.0 958,366.0 896,231.0 932,868.0
Gross Loans 957,940.0 978,449.0 921,773.0 956,777.0
Memo: Impaired Loans included above 41,584.0 46,871.0 30,606.0 25,352.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 189,195.0 214,343.0 186,176.0 159,769.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 382,229.0 420,877.0 476,025.0 471,220.0
Derivatives 346,379.0 260,757.0 250,886.0 494,876.0
Available for Sale Securities 378,845.0 381,256.0 351,531.0 286,222.0
Held to Maturity Securities 21,199.0 20,685.0 17,627.0 14,013.0
At-equity Investments in Associates 20,399.0 17,198.0 13,011.0 11,537.0
Other Securities n.a. n.a. n.a. n.a.
Total Securities 1,149,051.0 1,100,773.0 1,109,080.0 1,277,868.0
Memo: Government Securities included Above 154,147.0 n.a. 313,980.0 199,223.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. n.a. n.a. n.a.
Insurance Assets 1,801.0 1,865.0 2,069.0 2,023.0
Other Earning Assets 39,558.0 1,991.0 3,118.0 2,075.0
Total Earning Assets 2,320,034.0 2,277,338.0 2,196,674.0 2,374,603.0
Non-earning Assets
Cash and Due From Banks 129,902.0 57,383.0 60,655.0 52,396.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 10,865.0 11,521.0 13,802.0 14,025.0
Goodwill 21,338.0 22,406.0 23,241.0 21,855.0
Other Intangibles 7,696.0 7,516.0 6,753.0 5,502.0
Current Tax Assets 1,061.0 1,096.0 2,937.0 2,552.0
Deferred Tax Assets 7,726.0 7,011.0 8,620.0 7,011.0
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 56,957.0 70,418.0 51,770.0 49,521.0
Total Assets 2,555,579.0 2,454,689.0 2,364,452.0 2,527,465.0
Interest-bearing Liabilities
Customer Deposits - Current 1,254,442.0 1,234,252.0 1,165,620.0 1,115,327.0
Customer Deposits - Savings n.a. n.a. n.a. n.a.
Customer Deposits - Term n.a. n.a. n.a. n.a.
Total Customer Deposits 1,254,442.0 1,234,252.0 1,165,620.0 1,115,327.0
Deposits from Banks 121,567.0 117,247.0 130,606.0 137,316.0
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 95,051.0 92,623.0 111,918.0 122,452.0
Total Deposits, Money Market and Short-term 1,471,060.0 1,444,122.0 1,408,144.0 1,375,095.0
Funding
Senior Debt Maturing after 1 Year 109,081.0 105,396.0 101,514.0 130,388.0
Subordinated Borrowing 43,046.0 47,704.0 44,073.0 44,934.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 152,127.0 153,100.0 145,587.0 175,322.0
Derivatives 345,380.0 258,665.0 247,646.0 487,060.0
Trading Liabilities 265,192.0 300,703.0 268,130.0 247,652.0
Total Funding 2,233,759.0 2,156,590.0 2,069,507.0 2,285,129.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. -2,506.0 -6,919.0
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 6,990.0 3,856.0 6,967.0 5,618.0
Current Tax Liabilities 2,117.0 1,804.0 2,140.0 1,822.0
Deferred Tax Liabilities 1,518.0 1,093.0 1,837.0 1,855.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 61,259.0 70,309.0 53,707.0 43,683.0
Other Liabilities 74,672.0 56,624.0 86,301.0 87,832.0
Total Liabilities 2,380,315.0 2,290,276.0 2,217,953.0 2,419,020.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 9,171.0 9,498.0 10,838.0 8,216.0
Debt
Pref. Shares and Hybrid Capital accounted for as 8,563.0 4,859.0 4,830.0 4,544.0
Equity
Equity
Common Equity 129,259.0 118,365.0 103,930.0 95,205.0
Non-controlling Interest 4,656.0 4,522.0 4,665.0 4,227.0
Securities Revaluation Reserves -3,361.0 -4,077.0 -9,965.0 -20,550.0
Foreign Exchange Revaluation Reserves -237.0 2,468.0 2,994.0 -1,843.0
Fixed Asset Revaluations and Other Accumulated 27,213.0 28,778.0 29,207.0 18,646.0
OCI
Total Equity 157,530.0 150,056.0 130,831.0 95,685.0
Total Liabilities and Equity 2,555,579.0 2,454,689.0 2,364,452.0 2,527,465.0
Memo: Fitch Core Capital 112,029.0 106,635.0 87,642.0 52,747.0
Memo: Fitch Eligible Capital 112,029.0 106,635.0 87,642.0 52,747.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.55 4.71 5.12 6.81
Interest Expense on Customer Deposits/ Average 1.76 1.60 1.86 4.33
Customer Deposits%
Interest Income/ Average Earning Assets% 2.65 2.61 2.73 3.93
Interest Expense/ Average Interest-bearing 0.99 0.89 0.98 2.19
Liabilities%
Net Interest Income/ Average Earning Assets% 1.72 1.77 1.79 1.84
Net Int. Inc Less Loan Impairment Charges/ Av. 1.23 1.16 0.70 0.77
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.69 1.75 1.78 1.83
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 40.29 42.10 43.81 41.43
Non-Interest Expense/ Gross Revenues% 58.85 55.17 47.30 52.69
Non-Interest Expense/ Average Assets% 1.55 1.56 1.41 1.56
Pre-impairment Op. Profit/ Average Equity% 19.80 23.92 34.64 30.44
Pre-impairment Op. Profit/ Average Total Assets% 1.21 1.37 1.64 1.46
Loans and securities impairment charges/ Pre- 38.64 42.36 66.05 68.77
impairment Op. Profit%
Operating Profit/ Average Equity% 12.15 13.79 11.76 9.51
Operating Profit/ Average Total Assets% 0.74 0.79 0.56 0.46
Taxes/ Pre-tax Profit% 17.96 25.46 5.44 30.18
Pre-Impairment Operating Profit / Risk Weighted 2.59 3.00 3.54 3.16
Assets%
Operating Profit / Risk Weighted Assets% 1.59 1.73 1.20 0.99
Other Profitability Ratios
Net Income/ Average Total Equity% 11.32 10.24 5.78 5.45
Net Income/ Average Total Assets% 0.69 0.59 0.27 0.26
Fitch Comprehensive Income/ Average Total Equity 11.32 13.88 17.97 -22.50
%
Fitch Comprehensive Income/ Average Total Assets 0.69 0.80 0.85 -1.08
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. 0.27 0.26
Securitized Assets%
Net Income/ Risk Weighted Assets% 1.48 1.29 0.59 0.57
Fitch Comprehensive Income/ Risk Weighted Assets 1.48 1.74 1.84 -2.33
%
Capitalization
Fitch Core Capital/Weighted Risks% 9.26 9.67 7.73 4.59
Fitch Eligible Capital/ Weighted Risks% 9.26 9.67 7.73 4.59
Tangible Common Equity/ Tangible Assets% 4.79 4.95 4.31 2.72
Tier 1 Regulatory Capital Ratio% 11.54 12.10 10.80 8.30
Total Regulatory Capital Ratio% 14.10 15.20 13.70 11.40
Core Tier 1 Regulatory Capital Ratio% 10.10 10.50 9.40 n.a.
Equity/ Total Assets% 6.16 6.11 5.53 3.79
Cash Dividends Paid & Declared/ Net Income% 44.12 44.75 84.24 173.92
Cash Dividend Paid & Declared/ Fitch 44.12 33.01 27.11 -42.17
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 6.37 5.23 0.81 -5.02
Loan Quality
Growth of Total Assets% 4.11 3.82 -6.45 7.36
Growth of Gross Loans% -2.10 6.15 -3.66 -4.40
Impaired Loans(NPLs)/ Gross Loans% 4.34 4.79 3.32 2.65
Reserves for Impaired Loans/ Gross loans% 1.83 2.05 2.77 2.50
Reserves for Impaired Loans/ Impaired Loans% 42.11 42.85 83.45 94.31
Impaired Loans less Reserves for Imp Loans/ Equity 15.28 17.85 3.87 1.51
%
Loan Impairment Charges/ Average Gross Loans% 1.16 1.44 2.64 2.47
Net Charge-offs/ Average Gross Loans% 1.11 1.95 2.54 1.70
Impaired Loans + Foreclosed Assets/ Gross Loans + 4.34 4.79 3.32 2.65
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 76.36 79.27 79.08 85.78
Interbank Assets/ Interbank Liabilities% 155.63 182.81 142.55 116.35
Customer Deposits/ Total Funding excl Derivatives% 66.43 65.03 63.98 62.03
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. 11,100.0 14,100.0
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 247,435.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 21,878.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 173,374.0
Total Trading Assets at FV through the Income n.a. n.a. n.a. 442,687.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 237,944.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. 41,027.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 7,251.0
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 378,845.0 381,256.0 351,531.0 286,222.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. 14,013.0
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 11.54 12.10 10.80 8.30
Total Capital Ratio 14.10 15.20 13.70 11.40
Equity / Tot Assets 6.50 6.31 5.74 3.97
Equity / Net Loans 17.66 16.16 15.14 10.74
Equity / Cust & Short Term Funding 11.29 10.73 9.63 7.29
Equity / Liabilities 7.11 6.91 6.24 4.22
Cap Funds / Tot Assets 8.54 8.64 8.06 6.07
Cap Funds / Net Loans 23.21 22.13 21.26 16.44
Cap Funds / Dep & ST Funding 14.84 14.69 13.53 11.15
Cap Funds / Liabilities 9.34 9.46 8.77 6.46
Subord Debt / Cap Funds 19.72 22.49 23.13 29.30
Operations
Net Interest Margin 1.78 1.77 1.79 1.87
Net Int Rev / Avg Assets 1.63 1.64 1.67 1.76
Oth Op Inc / Avg Assets 1.23 1.30 1.38 1.31
Non Int Exp / Avg Assets 2.07 2.13 2.43 2.60
Pre-Tax Op Inc / Avg Assets 0.79 0.81 0.62 0.46
Non Op Items & Taxes / Avg Ast -0.08 -0.22 -0.35 -0.20
Return On Avg Assets (ROAA) 0.72 0.59 0.27 0.27
Return On Avg Equity (ROAE) 11.18 9.77 5.68 5.52
Dividend Pay-Out 40.93 41.84 80.22 171.11
Inc Net Of Dist / Avg Equity 6.60 5.68 1.12 -3.92
Non Op Items / Net Income 11.10 -3.90 -120.69 -31.04
Cost To Income Ratio 56.17 53.21 46.17 51.52
Recurring Earning Power 1.25 1.38 1.64 1.49
Liquidity
Interbank Ratio 155.63 182.81 142.55 116.35
Net Loans / Tot Assets 36.80 39.04 37.90 36.91
Net Loans / Dep & ST Funding 63.93 66.36 63.65 67.84
Net Loans / Tot Dep & Bor 42.93 45.44 44.25 41.64
Liquid Assets / Dep & ST Funding 47.68 47.96 51.33 49.70
Liquid Assets / Tot Dep & Bor 32.01 32.84 35.69 30.51
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (GBP) 2012 2011 2010 2009 2008 2007 2006
Market price - January 5.30 6.81 6.77 5.43 7.52 9.25 9.34
Market price - February 5.55 6.78 7.20 4.91 7.66 8.91 9.74
Market price - March 5.55 6.41 6.68 3.95 8.30 8.90 9.65
Market price - April 5.55 6.55 6.68 4.81 8.80 9.28 9.48
Market price - May 5.10 6.35 6.28 5.57 8.53 9.34 9.30
Market price - June 5.61 6.18 6.15 5.03 7.76 9.15 9.52
Market price - July 5.34 5.95 6.46 6.06 8.39 9.14 9.71
Market price - August 5.47 5.37 6.44 6.72 8.66 8.97 9.53
Market price - September 5.73 4.97 6.45 7.16 9.01 9.05 9.75
Market price - October 6.09 5.45 6.49 6.74 7.62 9.51 9.94
Market price - November n.a. 4.95 6.48 7.07 7.15 8.30 9.38
Market price - December n.a. 4.91 6.51 7.09 6.62 8.42 9.31
BETA
Date News
1 10/11/2012 Banco Popular announces rights issue details (deal no.
1601407254)
2 23/10/2012 Experian to up holding in Serasa (deal no. 1601413890)
3 23/10/2012 Experian to increase stake in Serasa: shareholder meeting to be
held in November (deal no. 1601413890)
4 17/10/2012 HSBC acquires shares in Genel Energy (deal no. 1601412790)
5 17/10/2012 Crédito Real lists on BMV (deal no. 1601406163)
6 12/10/2012 Telefónica continuing sale process of Atento: Definitive
agreement signed with Bain Capital (deal no. 1601354127)
7 11/10/2012 Palletower subject to management buy out (deal no.
1601410807)
8 03/10/2012 TAV Havalimanlari Holding fully acquires Havaalanlari Yer
Hizmetleri (deal no. 1601397683)
9 20/09/2012 Crest Nicholson may float (deal no. 1601405324)
10 12/09/2012 Talanx withdraws planned IPO (deal no. 1601268520)
11 11/09/2012 Saudi Airlines business selects advisor for IPO: Reuters (deal no.
1601401510)
12 10/09/2012 Saudi Ground Services Company may hold a planned IPO (deal
no. 1601401510)
13 04/09/2012 Stadium Group acquires IGT Industries (deal no. 1601245471)
37 26/04/2012 Couche-Tard adjusts offer price for Statoil Fuel & Retail's and the
first offer is consequently withdrawn (deal no. 1601362170)
38 18/04/2012 Alimentation Couche-Tard makes offer for Statoil Fuel & Retail
(deal no. 1601362170)
39 17/04/2012 Seed Developments bought by MBI Team (deal no. 1601362941)
40 17/04/2012 Haitong Securities fixes its offer price on HKEX (deal no.
1633031194)
41 11/04/2012 Really Useful Theatres sells Palace theatre London to Nimax
Theatres (deal no. 1601362438)
42 26/03/2012 Cinven completes acquisition of CPA Global (deal no.
1601322893)
43 26/03/2012 Ziggo completes IPO (deal no. 1601200525)
44 21/03/2012 Telefonica could divest call centre division on second attempt: El
Confidencial (deal no. 1601354127)
45 21/03/2012 Talanx ‘may list in first half of 2012’ (deal no. 1601268520)
46 19/03/2012 HSBC Holdings may sell its retail unit in Mauritius (deal no.
1601355088)
47 27/02/2012 Mr S T Gulliver acquires shares in HSBC Holdings (deal no.
1601347393)
48 27/02/2012 HSBC Holdings seeks acquisitions in Turkey (deal no.
1601346794)
49 27/02/2012 Mr S Assaf acquires shares in HSBC Holdings (deal no.
1601347359)
50 24/02/2012 HSBC Holdings shares admitted to trading (deal no. 1601345490)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
1 8888
0 0501
m
n Europe)
Watch
8.79
8.68
8.37
8.36
8.68
8.90
9.23
8.93
9.17
8.89
9.26
9.33
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
Peer Group
Peer Group Name Bank Holding Companies Europe (Excl. Eastern Europe)
Size 178
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BBB 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 431,934.0 427,942.0 420,224.0 461,815.0
Gross Loans 442,486.0 440,326.0 430,959.0 468,338.0
Less: Reserves for Impaired Loans/ NPLs 10,552.0 12,384.0 10,735.0 6,523.0
Other Earning Assets 999,937.0 941,254.0 853,791.0 1,536,711.0
Loans and Advances to Banks 202,923.0 244,955.0 186,159.0 179,756.0
Derivatives 538,964.0 420,319.0 416,815.0 984,802.0
Other Securities 256,748.0 274,551.0 249,560.0 305,496.0
Remaining earning assets 1,302.0 1,429.0 1,257.0 66,657.0
Total Earning Assets 1,431,871.0 1,369,196.0 1,274,015.0 1,998,526.0
Fixed Assets 7,166.0 6,140.0 5,626.0 4,674.0
Non-Earning Assets 124,490.0 114,309.0 99,288.0 49,780.0
Total Assets 1,563,527.0 1,489,645.0 1,378,929.0 2,052,980.0
Notes
Impaired Loans (Memo) 29,519.0 40,045.0 22,388.0 15,700.0
Loan Loss Reserves (Memo) 10,552.0 12,384.0 10,735.0 6,523.0
Liquid Assets (Memo) 497,647.0 551,508.0 460,297.0 449,954.0
Intangibles (Memo) 7,846.0 8,697.0 8,795.0 10,402.0
Off Balance Sheet Items 264,527.0 302,459.0 260,049.0 326,835.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil GBP mil GBP mil GBP mil GBP
Net Interest Revenue 12,330.0 12,639.0 11,924.0 11,665.0
Other Operating Income 17,314.0 18,468.0 17,804.0 7,861.0
Net Gains (Losses) on Trading and Derivatives 4,952.0 7,687.0 8,821.0 -324.0
Net Gains (Losses) on Assets at FV through Income 287.0 274.0 -208.0 33.0
Statement
Net Fees and Commissions 8,622.0 8,871.0 8,418.0 6,491.0
Remaining Operating Income 3,453.0 1,636.0 773.0 1,661.0
Overheads 19,777.0 19,971.0 16,715.0 13,391.0
Loan Loss Provisions 3,802.0 5,625.0 7,358.0 4,913.0
Other -186.0 554.0 -1,070.0 3,914.0
Profit before Tax 5,879.0 6,065.0 4,585.0 5,136.0
Tax 1,928.0 1,516.0 1,074.0 453.0
Net Income 3,951.0 4,549.0 10,288.0 5,287.0
Operating Income (Memo) 29,584.0 31,049.0 29,694.0 19,512.0
Net Gains (Losses) on Trading and Derivatives 4,952.0 7,687.0 8,821.0 -324.0
Net Gains (Losses) on Other Securities 1,889.0 1,087.0 258.0 451.0
Net Gains (Losses) on Assets at FV through Income 287.0 274.0 -208.0 33.0
Statement
Net Insurance Income 335.0 373.0 341.0 853.0
Net Fees and Commissions 8,622.0 8,871.0 8,418.0 6,491.0
Other Operating Income 1,169.0 118.0 140.0 343.0
Total Non-Interest Operating Income 17,254.0 18,410.0 17,770.0 7,847.0
Personnel Expenses 11,407.0 11,916.0 9,948.0 7,204.0
Other Operating Expenses 8,370.0 8,055.0 6,767.0 6,187.0
Total Non-Interest Expenses 19,777.0 19,971.0 16,715.0 13,391.0
Memo: Net Income after Allocation to Non- 3,007.0 3,564.0 9,393.0 4,382.0
controlling Interests
Memo: Common Dividends Relating to the Period 660.0 543.0 113.0 3,047.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans 171,272.0 168,055.0 149,099.0 135,384.0
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans 64,492.0 46,688.0 40,575.0 53,087.0
Corporate & Commercial Loans 206,722.0 225,583.0 241,285.0 274,566.0
Other Loans n.a. n.a. n.a. 5,301.0
Less: Reserves for Impaired Loans/ NPLs 10,552.0 12,384.0 10,735.0 6,523.0
Net Loans 431,934.0 427,942.0 420,224.0 461,815.0
Gross Loans 442,486.0 440,326.0 430,959.0 468,338.0
Memo: Impaired Loans included above 29,519.0 40,045.0 22,388.0 15,700.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 49,258.0 39,183.0 42,728.0 49,402.0
Reverse Repos and Cash Collateral 153,665.0 205,772.0 143,431.0 130,354.0
Trading Securities and at FV through Income 187,830.0 208,923.0 192,655.0 240,179.0
Derivatives 538,964.0 420,319.0 416,815.0 984,802.0
Available for Sale Securities 68,491.0 65,110.0 56,483.0 64,976.0
Held to Maturity Securities n.a. n.a. n.a. n.a.
At-equity Investments in Associates 427.0 518.0 422.0 341.0
Other Securities n.a. n.a. n.a. n.a.
Total Securities 949,377.0 900,642.0 809,806.0 1,420,652.0
Memo: Government Securities included Above 117,489.0 107,922.0 88,083.0 82,428.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. n.a. n.a. n.a.
Insurance Assets 1,302.0 1,429.0 1,257.0 66,657.0
Other Earning Assets n.a. n.a. n.a. 0.0
Total Earning Assets 1,431,871.0 1,369,196.0 1,274,015.0 1,998,526.0
Non-earning Assets
Cash and Due From Banks 106,894.0 97,630.0 81,483.0 30,019.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 7,166.0 6,140.0 5,626.0 4,674.0
Goodwill 5,305.0 6,219.0 6,232.0 7,625.0
Other Intangibles 2,541.0 2,478.0 2,563.0 2,777.0
Current Tax Assets 374.0 196.0 349.0 389.0
Deferred Tax Assets 3,010.0 2,517.0 2,303.0 2,668.0
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 6,366.0 5,269.0 6,358.0 6,302.0
Total Assets 1,563,527.0 1,489,645.0 1,378,929.0 2,052,980.0
Interest-bearing Liabilities
Customer Deposits - Current 366,032.0 345,788.0 322,429.0 335,505.0
Customer Deposits - Savings n.a. n.a. n.a. n.a.
Customer Deposits - Term n.a. n.a. n.a. n.a.
Total Customer Deposits 366,032.0 345,788.0 322,429.0 335,505.0
Deposits from Banks 92,085.0 79,296.0 77,912.0 116,545.0
Repos and Cash Collateral 207,292.0 225,534.0 198,781.0 182,285.0
Other Deposits and Short-term Borrowings n.a. n.a. n.a. n.a.
Total Deposits, Money Market and Short-term 665,409.0 650,618.0 599,122.0 634,335.0
Funding
Senior Debt Maturing after 1 Year 220,413.0 254,973.0 222,444.0 228,109.0
Subordinated Borrowing 24,340.0 27,453.0 24,799.0 28,756.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 244,753.0 282,426.0 247,243.0 256,865.0
Derivatives 527,910.0 405,516.0 403,416.0 968,072.0
Trading Liabilities 45,887.0 72,693.0 51,252.0 59,474.0
Total Funding 1,483,959.0 1,411,253.0 1,301,033.0 1,918,746.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt -2,680.0 -621.0 -340.0 -1,650.0
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other 1,850.0 1,312.0 1,359.0 1,892.0
Current Tax Liabilities 1,397.0 646.0 992.0 1,216.0
Deferred Tax Liabilities 695.0 514.0 470.0 304.0
Other Deferred Liabilities n.a. n.a. n.a. n.a.
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 1,681.0 1,947.0 3,819.0 71,335.0
Other Liabilities 10,899.0 11,286.0 12,101.0 12,640.0
Total Liabilities 1,497,801.0 1,426,337.0 1,319,434.0 2,004,483.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as 530.0 1,046.0 1,017.0 1,086.0
Debt
Pref. Shares and Hybrid Capital accounted for as 6,515.0 7,937.0 8,850.0 12,127.0
Equity
Equity
Common Equity 52,774.0 49,704.0 45,520.0 30,173.0
Non-controlling Interest 3,092.0 3,467.0 2,351.0 2,318.0
Securities Revaluation Reserves 25.0 -1,355.0 -110.0 -1,190.0
Foreign Exchange Revaluation Reserves 1,348.0 2,357.0 1,615.0 2,840.0
Fixed Asset Revaluations and Other Accumulated 1,442.0 152.0 252.0 1,143.0
OCI
Total Equity 58,681.0 54,325.0 49,628.0 35,284.0
Total Liabilities and Equity 1,563,527.0 1,489,645.0 1,378,929.0 2,052,980.0
Memo: Fitch Core Capital 43,508.0 38,284.0 33,857.0 20,165.0
Memo: Fitch Eligible Capital 48,338.0 45,014.5 41,530.5 28,807.1
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 3.96 4.08 4.31 5.25
Interest Expense on Customer Deposits/ Average 0.80 0.52 1.03 2.43
Customer Deposits%
Interest Income/ Average Earning Assets% 1.49 1.47 1.35 1.86
Interest Expense/ Average Interest-bearing 0.60 0.55 0.61 1.17
Liabilities%
Net Interest Income/ Average Earning Assets% 0.88 0.92 0.76 0.77
Net Int. Inc Less Loan Impairment Charges/ Av. 0.61 0.51 0.29 0.45
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 0.88 0.92 0.76 0.77
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 58.32 59.29 59.84 40.22
Non-Interest Expense/ Gross Revenues% 66.85 64.32 56.29 68.63
Non-Interest Expense/ Average Assets% 1.31 1.34 1.01 0.86
Pre-impairment Op. Profit/ Average Equity% 17.63 21.37 31.25 21.75
Pre-impairment Op. Profit/ Average Total Assets% 0.65 0.75 0.78 0.40
Loans and securities impairment charges/ Pre- 56.78 50.93 62.02 88.33
impairment Op. Profit%
Operating Profit/ Average Equity% 7.62 10.49 11.87 2.54
Operating Profit/ Average Total Assets% 0.28 0.37 0.30 0.05
Taxes/ Pre-tax Profit% 32.79 25.00 23.42 8.82
Pre-Impairment Operating Profit / Risk Weighted 2.52 2.80 3.40 1.42
Assets%
Operating Profit / Risk Weighted Assets% 1.09 1.37 1.29 0.17
Other Profitability Ratios
Net Income/ Average Total Equity% 7.06 8.73 24.71 18.75
Net Income/ Average Total Assets% 0.26 0.31 0.62 0.34
Fitch Comprehensive Income/ Average Total Equity 8.77 8.66 25.80 26.01
%
Fitch Comprehensive Income/ Average Total Assets 0.32 0.30 0.65 0.47
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% 1.01 1.14 2.69 1.22
Fitch Comprehensive Income/ Risk Weighted Assets 1.25 1.13 2.81 1.69
%
Capitalization
Fitch Core Capital/Weighted Risks% 11.13 9.62 8.85 4.66
Fitch Eligible Capital/ Weighted Risks% 12.36 11.31 10.85 6.65
Tangible Common Equity/ Tangible Assets% 3.08 3.08 2.91 1.14
Tier 1 Regulatory Capital Ratio% 12.90 13.50 13.00 8.60
Total Regulatory Capital Ratio% 16.40 16.90 16.60 13.60
Core Tier 1 Regulatory Capital Ratio% 11.00 10.80 10.00 n.a.
Equity/ Total Assets% 3.75 3.65 3.60 1.72
Cash Dividends Paid & Declared/ Net Income% 16.70 11.94 1.10 57.63
Cash Dividend Paid & Declared/ Fitch 13.45 12.03 1.05 41.53
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 5.61 7.37 20.50 6.35
Loan Quality
Growth of Total Assets% 4.96 8.03 -32.83 67.27
Growth of Gross Loans% 0.49 2.17 -7.98 34.13
Impaired Loans(NPLs)/ Gross Loans% 6.67 9.09 5.19 3.35
Reserves for Impaired Loans/ Gross loans% 2.38 2.81 2.49 1.39
Reserves for Impaired Loans/ Impaired Loans% 35.75 30.93 47.95 41.55
Impaired Loans less Reserves for Imp Loans/ Equity 32.32 50.92 23.48 26.01
%
Loan Impairment Charges/ Average Gross Loans% 0.85 1.27 1.67 1.09
Net Charge-offs/ Average Gross Loans% 1.10 0.93 0.73 0.61
Impaired Loans + Foreclosed Assets/ Gross Loans + 6.67 9.09 5.19 3.35
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 120.89 127.34 133.66 139.59
Interbank Assets/ Interbank Liabilities% 53.49 49.41 54.84 42.39
Customer Deposits/ Total Funding excl Derivatives% 38.29 34.38 35.92 35.29
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 148,686.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. 30,535.0
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. 1,872.0
Total Trading Assets at FV through the Income n.a. n.a. n.a. 181,093.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 68,491.0 65,110.0 56,483.0 64,976.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 12.90 13.50 13.00 8.60
Total Capital Ratio 16.40 16.90 16.60 13.60
Equity / Tot Assets 4.17 4.18 4.24 2.31
Equity / Net Loans 15.09 14.55 13.92 10.27
Equity / Cust & Short Term Funding 9.80 9.57 9.76 7.47
Equity / Liabilities 4.43 4.45 4.52 2.40
Cap Funds / Tot Assets 5.76 6.09 6.11 3.76
Cap Funds / Net Loans 20.85 21.21 20.06 16.73
Cap Funds / Dep & ST Funding 13.54 13.95 14.07 12.18
Cap Funds / Liabilities 6.11 6.49 6.51 3.91
Subord Debt / Cap Funds 27.03 30.25 29.42 37.22
Operations
Net Interest Margin 0.88 0.96 0.73 0.73
Net Int Rev / Avg Assets 0.81 0.88 0.70 0.71
Oth Op Inc / Avg Assets 1.13 1.29 1.04 0.48
Non Int Exp / Avg Assets 1.55 1.79 1.40 1.12
Pre-Tax Op Inc / Avg Assets 0.40 0.38 0.33 0.08
Non Op Items & Taxes / Avg Ast -0.14 -0.07 -0.13 0.21
Return On Avg Assets (ROAA) 0.26 0.32 0.60 0.32
Return On Avg Equity (ROAE) 6.20 7.54 19.43 13.24
Dividend Pay-Out 16.71 11.94 1.10 57.63
Inc Net Of Dist / Avg Equity 5.16 6.64 19.22 5.61
Non Op Items / Net Income -4.71 12.18 -10.40 74.03
Cost To Income Ratio 66.72 64.20 56.23 68.58
Recurring Earning Power 0.65 0.78 0.76 0.37
Liquidity
Interbank Ratio 67.78 80.36 67.28 60.15
Net Loans / Tot Assets 27.63 28.73 30.48 22.50
Net Loans / Dep & ST Funding 64.91 65.78 70.14 72.80
Net Loans / Tot Dep & Bor 29.59 30.93 32.93 24.44
Liquid Assets / Dep & ST Funding 74.79 84.77 76.83 70.93
Liquid Assets / Tot Dep & Bor 34.09 39.86 36.07 23.81
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (GBP) 2012 2011 2010 2009 2008 2007 2006
Market price - January 2.13 2.94 2.71 1.06 4.70 7.40 6.01
Market price - February 2.45 3.20 3.13 0.93 4.77 7.40 6.69
Market price - March 2.35 2.78 3.60 1.48 4.53 7.21 6.74
Market price - April 2.18 2.82 3.38 2.82 4.57 7.28 6.85
Market price - May 1.76 2.77 3.05 2.98 3.75 7.22 6.18
Market price - June 1.63 2.56 2.71 2.83 2.92 6.96 6.15
Market price - July 1.68 2.23 3.33 3.02 3.38 6.99 6.28
Market price - August 1.83 1.71 3.02 3.80 3.53 6.14 6.58
Market price - September 2.15 1.61 3.00 3.70 3.27 5.96 6.74
Market price - October 2.28 1.95 2.75 3.22 1.79 6.04 7.08
Market price - November n.a. 1.80 2.56 2.92 1.69 5.63 6.81
Market price - December n.a. 1.76 2.62 2.76 1.53 5.04 7.30
BETA
Date News
1 12/11/2012 MarkWest Energy Partners announces public offering (deal no.
1601419869)
2 09/11/2012 Element Financial increases private placement (deal no.
1601419340)
3 09/11/2012 Element Financial to acquire CoActiv Capital Partners (deal no.
1601419349)
4 09/11/2012 Canada Pension Plan Investment Board acquires Tomkins' air
distribution unit (deal no. 1601404898)
5 08/11/2012 PVR Partners prices public offering (deal no. 1601419225)
6 07/11/2012 iStar Financial commences offering of convertible loan notes (deal
no. 1601418410)
7 07/11/2012 Legacy Reserves announces public offering (deal no.
1601418722)
8 06/11/2012 Ms Cheryl Holden acquires Glenthorne Care Home from Ms
Valerie Tyler (deal no. 1601418254)
9 06/11/2012 Borealis Infrastructure to acquire stake in EDP Renováveis' US
wind farms (deal no. 1601418183)
10 05/11/2012 Armstrong World Industries prices public offering of existing
shares (deal no. 1601418071)
11 05/11/2012 Platinum Equity completes acquisition of BWAY Parent Company
from Madison Dearborn Partners (deal no. 1601408173)
19 25/10/2012 Acadia Realty Trust prices public offering (deal no. 1601415009)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
* : For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
9 5000
com
n Europe)
ager for more
Watch
5.82
5.65
5.41
5.37
5.22
5.56
5.57
5.53
5.73
5.60
5.91
6.11
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
Established in November 1995. In November 2008, Lloyds TSB Group Plc changed its name to Lloyds Banking Group Plc.
Peer Group Name Bank Holding Companies Europe (Excl. Eastern Europe)
Size 178
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
EIU Rating Date Action/Direction Outlook Watch
Overall country rating BBB 01/10/2012
Banking sector rating BBB 01/10/2012 Stable
Global summary
Assets
Loans 565,638.0 592,597.0 626,969.0 242,735.0
Gross Loans 584,370.0 610,970.0 641,770.0 246,304.0
Less: Reserves for Impaired Loans/ NPLs 18,732.0 18,373.0 14,801.0 3,569.0
Other Earning Assets 302,559.0 320,261.0 326,475.0 175,883.0
Loans and Advances to Banks 32,606.0 30,272.0 35,361.0 41,704.0
Derivatives 66,013.0 50,777.0 49,928.0 28,884.0
Other Securities 66,458.0 77,778.0 78,519.0 100,771.0
Remaining earning assets 137,482.0 161,434.0 162,667.0 4,524.0
Total Earning Assets 868,197.0 912,858.0 953,444.0 418,618.0
Fixed Assets 7,673.0 8,190.0 9,224.0 2,965.0
Non-Earning Assets 94,676.0 70,526.0 64,587.0 14,450.0
Total Assets 970,546.0 991,574.0 1,027,255.0 436,033.0
Notes
Impaired Loans (Memo) 60,269.0 64,606.0 58,833.0 8,542.0
Loan Loss Reserves (Memo) 18,732.0 18,373.0 14,801.0 3,569.0
Liquid Assets (Memo) 115,356.0 96,244.0 107,372.0 91,776.0
Intangibles (Memo) 5,212.0 5,512.0 6,103.0 2,453.0
Off Balance Sheet Items 109,453.0 121,477.0 134,691.0 88,161.0
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil GBP mil GBP mil GBP mil GBP
Net Interest Revenue 12,698.0 12,546.0 9,026.0 7,718.0
Other Operating Income 8,073.0 12,410.0 12,754.0 2,154.0
Net Gains (Losses) on Trading and Derivatives -368.0 15,724.0 19,098.0 -9,186.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Fees and Commissions 3,544.0 3,310.0 3,211.0 2,537.0
Remaining Operating Income 4,897.0 -6,624.0 -9,555.0 8,803.0
Overheads 13,050.0 13,270.0 15,984.0 6,183.0
Loan Loss Provisions 8,069.0 10,771.0 16,028.0 2,876.0
Other -3,194.0 -634.0 11,274.0 -6.0
Profit before Tax -3,542.0 281.0 1,042.0 807.0
Tax -828.0 539.0 -1,911.0 -38.0
Net Income -2,714.0 -258.0 2,953.0 845.0
Operating Income (Memo) 20,771.0 24,956.0 21,780.0 9,872.0
Net Gains (Losses) on Trading and Derivatives -368.0 15,724.0 19,098.0 -9,186.0
Net Gains (Losses) on Other Securities n.a. n.a. n.a. n.a.
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Insurance Income 2,129.0 -10,940.0 -13,547.0 8,271.0
Net Fees and Commissions 3,544.0 3,310.0 3,211.0 2,537.0
Other Operating Income 2,768.0 4,316.0 3,992.0 532.0
Total Non-Interest Operating Income 8,073.0 12,410.0 12,754.0 2,154.0
Personnel Expenses 6,166.0 5,622.0 6,675.0 2,931.0
Other Operating Expenses 6,884.0 7,648.0 9,309.0 3,252.0
Total Non-Interest Expenses 13,050.0 13,270.0 15,984.0 6,183.0
Memo: Net Income after Allocation to Non- -2,787.0 -320.0 2,827.0 819.0
controlling Interests
Memo: Common Dividends Relating to the Period 50.0 47.0 0.0 2,042.0
Memo: Preferred Dividends Related to the Period n.a. n.a. n.a. n.a.
Balance Sheet
Assets
Loans
Residential Mortgage Loans 348,210.0 356,261.0 362,667.0 114,643.0
Other Mortgage Loans 75,474.0 86,167.0 94,650.0 n.a.
Other Consumer/ Retail Loans 30,014.0 36,967.0 42,958.0 25,318.0
Corporate & Commercial Loans 117,096.0 116,076.0 123,478.0 96,428.0
Other Loans 13,576.0 15,499.0 18,017.0 9,915.0
Less: Reserves for Impaired Loans/ NPLs 18,732.0 18,373.0 14,801.0 3,569.0
Net Loans 565,638.0 592,597.0 626,969.0 242,735.0
Gross Loans 584,370.0 610,970.0 641,770.0 246,304.0
Memo: Impaired Loans included above 60,269.0 64,606.0 58,833.0 8,542.0
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 32,606.0 30,272.0 35,361.0 41,704.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 20,620.0 26,489.0 31,438.0 45,064.0
Derivatives 66,013.0 50,777.0 49,928.0 28,884.0
Available for Sale Securities 37,406.0 42,955.0 46,602.0 55,707.0
Held to Maturity Securities 8,098.0 7,905.0 n.a. n.a.
At-equity Investments in Associates 334.0 429.0 479.0 n.a.
Other Securities n.a. n.a. n.a. n.a.
Total Securities 132,471.0 128,555.0 128,447.0 129,655.0
Memo: Government Securities included Above 58,727.0 18,649.0 8,700.0 3,282.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 6,122.0 5,997.0 4,757.0 2,631.0
Insurance Assets 118,890.0 129,702.0 125,258.0 1,893.0
Other Earning Assets 12,470.0 25,735.0 32,652.0 0.0
Total Earning Assets 868,197.0 912,858.0 953,444.0 418,618.0
Non-earning Assets
Cash and Due From Banks 62,130.0 39,483.0 40,573.0 5,008.0
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 7,673.0 8,190.0 9,224.0 2,965.0
Goodwill 2,016.0 2,016.0 2,016.0 2,256.0
Other Intangibles 3,196.0 3,496.0 4,087.0 197.0
Current Tax Assets 434.0 621.0 680.0 300.0
Deferred Tax Assets 4,496.0 4,164.0 5,006.0 833.0
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 22,404.0 20,746.0 12,225.0 5,856.0
Total Assets 970,546.0 991,574.0 1,027,255.0 436,033.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 4.02 4.13 4.78 6.83
Interest Expense on Customer Deposits/ Average 1.51 1.32 1.31 2.92
Customer Deposits%
Interest Income/ Average Earning Assets% 2.98 3.14 3.63 4.76
Interest Expense/ Average Interest-bearing 1.65 1.95 2.65 3.03
Liabilities%
Net Interest Income/ Average Earning Assets% 1.44 1.34 1.16 2.09
Net Int. Inc Less Loan Impairment Charges/ Av. 0.52 0.19 -0.90 1.31
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 1.44 1.34 1.16 2.09
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 38.87 49.73 58.56 21.82
Non-Interest Expense/ Gross Revenues% 62.83 53.17 73.39 62.63
Non-Interest Expense/ Average Assets% 1.33 1.31 1.90 1.60
Pre-impairment Op. Profit/ Average Equity% 16.81 25.28 19.57 33.33
Pre-impairment Op. Profit/ Average Total Assets% 0.79 1.15 0.69 0.96
Loans and securities impairment charges/ Pre- 104.83 93.72 287.66 78.12
impairment Op. Profit%
Operating Profit/ Average Equity% -0.81 1.59 -36.73 7.29
Operating Profit/ Average Total Assets% -0.04 0.07 -1.29 0.21
Taxes/ Pre-tax Profit% 23.38 191.81 -183.40 -4.71
Pre-Impairment Operating Profit / Risk Weighted 2.19 2.88 1.17 2.16
Assets%
Operating Profit / Risk Weighted Assets% -0.11 0.18 -2.20 0.47
Other Profitability Ratios
Net Income/ Average Total Equity% -5.91 -0.56 9.97 7.63
Net Income/ Average Total Assets% -0.28 -0.03 0.35 0.22
Fitch Comprehensive Income/ Average Total Equity -1.03 0.04 15.85 11.25
%
Fitch Comprehensive Income/ Average Total Assets -0.05 0.00 0.56 0.32
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -0.77 -0.06 0.60 0.50
Fitch Comprehensive Income/ Risk Weighted Assets -0.13 0.00 0.95 0.73
%
Capitalization
Fitch Core Capital/Weighted Risks% 6.81 5.93 5.91 n.a.
Fitch Eligible Capital/ Weighted Risks% 7.67 6.65 6.85 n.a.
Tangible Common Equity/ Tangible Assets% 3.84 3.79 3.25 1.48
Tier 1 Regulatory Capital Ratio% 12.50 11.60 9.60 8.00
Total Regulatory Capital Ratio% 15.60 15.20 12.40 11.20
Core Tier 1 Regulatory Capital Ratio% 10.80 10.20 8.10 5.60
Equity/ Total Assets% 4.80 4.73 4.29 2.22
Cash Dividends Paid & Declared/ Net Income% -1.84 -18.22 0.00 241.66
Cash Dividend Paid & Declared/ Fitch -10.59 235.00 0.00 164.02
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% -5.93 -0.65 6.70 -12.34
Loan Quality
Growth of Total Assets% -2.12 -3.47 135.59 23.40
Growth of Gross Loans% -4.35 -4.80 160.56 16.06
Impaired Loans(NPLs)/ Gross Loans% 10.31 10.57 9.17 3.47
Reserves for Impaired Loans/ Gross loans% 3.21 3.01 2.31 1.45
Reserves for Impaired Loans/ Impaired Loans% 31.08 28.44 25.16 41.78
Impaired Loans less Reserves for Imp Loans/ Equity 89.15 98.57 99.83 51.27
%
Loan Impairment Charges/ Average Gross Loans% 1.36 1.71 3.06 1.25
Net Charge-offs/ Average Gross Loans% 1.19 1.09 0.78 0.65
Impaired Loans + Foreclosed Assets/ Gross Loans + 10.31 10.57 9.17 3.47
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 141.18 155.21 157.78 144.09
Interbank Assets/ Interbank Liabilities% 81.90 60.11 42.89 62.22
Customer Deposits/ Total Funding excl Derivatives% 55.30 50.00 48.88 48.57
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. n.a.
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. n.a.
breakdown)
AFS Assets - Government n.a. n.a. n.a. n.a.
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. n.a.
AFS Assets - Other n.a. n.a. n.a. n.a.
Total AFS Assets 37,406.0 42,955.0 46,602.0 55,707.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 12.50 11.60 9.60 8.00
Total Capital Ratio 15.60 15.20 12.40 11.20
Equity / Tot Assets 4.80 4.73 4.29 2.22
Equity / Net Loans 8.24 7.92 7.04 4.00
Equity / Cust & Short Term Funding 8.69 8.47 7.39 4.08
Equity / Liabilities 5.24 5.16 4.65 2.37
Cap Funds / Tot Assets 8.42 8.38 7.67 6.18
Cap Funds / Net Loans 14.44 14.03 12.57 11.11
Cap Funds / Dep & ST Funding 15.23 15.01 13.21 11.33
Cap Funds / Liabilities 9.19 9.15 8.31 6.59
Subord Debt / Cap Funds 42.96 43.58 44.05 64.02
Operations
Net Interest Margin 1.43 1.34 1.32 2.04
Net Int Rev / Avg Assets 1.29 1.24 1.23 1.96
Oth Op Inc / Avg Assets 0.82 1.23 1.74 0.55
Non Int Exp / Avg Assets 2.15 2.38 4.38 2.30
Pre-Tax Op Inc / Avg Assets -0.04 0.09 -1.40 0.21
Non Op Items & Taxes / Avg Ast -0.24 -0.12 1.80 0.01
Return On Avg Assets (ROAA) -0.28 -0.03 0.40 0.21
Return On Avg Equity (ROAE) -5.81 -0.57 10.98 7.64
Dividend Pay-Out -1.84 -18.22 0.00 241.66
Inc Net Of Dist / Avg Equity -5.91 -0.67 10.98 -10.82
Non Op Items / Net Income 117.69 245.74 381.78 -0.71
Cost To Income Ratio 62.83 53.17 73.39 62.63
Recurring Earning Power 0.79 1.16 0.79 0.94
Liquidity
Interbank Ratio 81.90 60.11 42.89 62.22
Net Loans / Tot Assets 58.28 59.76 61.03 55.67
Net Loans / Dep & ST Funding 105.47 106.96 105.03 102.01
Net Loans / Tot Dep & Bor 73.31 74.72 74.84 67.14
Liquid Assets / Dep & ST Funding 21.51 17.37 17.99 38.57
Liquid Assets / Tot Dep & Bor 14.95 12.13 12.82 25.38
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (GBP) 2012 2011 2010 2009 2008 2007 2006
Market price - January 0.31 0.63 0.51 0.88 4.27 5.67 4.97
Market price - February 0.35 0.62 0.53 0.57 4.42 5.60 5.40
Market price - March 0.34 0.58 0.63 0.69 4.40 5.46 5.37
Market price - April 0.31 0.59 0.66 1.09 4.22 5.67 5.20
Market price - May 0.25 0.52 0.57 0.68 3.75 5.61 4.91
Market price - June 0.31 0.49 0.54 0.70 3.03 5.42 5.19
Market price - July 0.30 0.43 0.69 0.85 2.88 5.44 5.26
Market price - August 0.33 0.34 0.69 1.11 2.96 5.32 5.09
Market price - September 0.39 0.35 0.74 1.04 2.21 5.29 5.26
Market price - October 0.41 0.32 0.69 0.87 1.93 5.32 5.46
Market price - November n.a. 0.25 0.60 0.55 1.64 4.83 5.27
Market price - December n.a. 0.26 0.66 0.51 1.23 4.60 5.58
BETA
Date News
1 05/11/2012 ‘Lloyds to shed wealth arm stake’ (deal no. 1601264606)
2 23/10/2012 Banque de Luxembourg acquires Lloyds Banking Group's
Luxembourgish private banking operations (deal no.
1601413863)
33 16/01/2012 Lloyds Banking Group injects capital into its subsidiary Lloyds
Bank International (deal no. 1601333288)
34 31/12/2011 Lloyds sells stake in EasyCar (deal no. 1601361486)
35 13/12/2011 Mr David Waldock and Ms Sharon Waldock acquire Honicknowle
Fish and Chip Shop (deal no. 1601327352)
36 09/12/2011 NCP set to announce debt for equity swap (deal no. 1601324201)
37 05/12/2011 Lloyds Banking may exit David Lloyd: report (deal no.
1601322088)
38 24/11/2011 Aegon completes sale of its Guardian buinesses to Cinven (deal
no. 1601288901)
39 23/11/2011 Lloyds sells shares in Thomas Cook (deal no. 1601319539)
40 04/11/2011 Lafarge sells gypsum business to Etex (deal no. 1601240210)
41 24/10/2011 Lloyds may carry out an IPO on Project Verde (deal no.
1601320319)
42 10/10/2011 Sala merges with EDM Group (deal no. 1601307153)
43 03/10/2011 Morrisons mulls garden centre offer: Mail on Sunday (deal no.
1601283049)
44 23/09/2011 Ryan Specialty Group completes acquisition of Jubilee Group
Holdings (deal no. 1601276504)
45 16/09/2011 Hunting Energy Services completes acquisition of TSI Acquisition
Holdings from Riverstone and Carlyle (deal no. 1601264901)
46 17/08/2011 Lloyds TSB Group to sell Nantwich branch (deal no. 1601293908)
47 05/08/2011 Hunting to rebuild North America presence with Titan (deal no.
1601264901)
48 29/07/2011 ‘Buyer sought for Robert Dyas’ (deal no. 1601289223)
49 28/07/2011 Aegon touts Guardian for sale: Reuters (deal no. 1601288901)
Source : Zephyr
7. Mr. António Mota de Sousa Horta - Group Chief Executive Officer, BoD RE
Osório Executive Director
P100473779 (since 09/01/2012)
8. Sir David Geoffrey Manning - Director (since 01/05/2008) BoD RT
P056610601
9. Mr. T. Timothy Ryan Jr. - Independent Non-Executive BoD DB, JO, RE,
P014140092 Director (since 03/2009) RT, WW
10. Mr. Martin Anthony Scicluna - Independent Non-Executive BoD DB, JO, RE,
P003693147 Director (since 01/09/2008) RT, VI, WW
11. Mr. Anthony Watson - Non Executive Director - Non- BoD DB, JO, RT,
P056129640 Exec Contact (since 04/2009) VI, WW
12. Miss Sara Vivienne Weller - Independent Non-Executive BoD DB, RE, RT,
P004810392 Director (since 01/02/2012) VI, WW
13. Miss Margaret Ann Coltman - Company Secretary BoD RT
P045248058 (since 09/05/2008)
14. Miss Claire Anne Davies - Company Secretary BoD DB, RT
P006320174 (since 01/08/2012)
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
Watch
2005
4.84
4.78
4.66
4.37
4.42
4.61
4.70
4.45
4.56
4.51
4.59
4.77
Source Bank information
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
08/2011 ø - -
Contact details
Established on October 10, 1997 as EFG Eurobank SA through the merger of Euromerchant Bank SA and Interbank of
Greece SA. On March 12, 1999 absorbed Bank of Athens. On October 5, 1999 absorbed Bank of Crete - Cretabank. On
September 7, 2000, absorbed Ergobank SA and changed its name to EFG Eurobank Ergasias SA. In March 2002,
absorbed TELESIS Investment Bank S.A.. On August 3, 2012, EFG Eurobank Ergasias SA changed its name to Eurobank
Ergasias SA.
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Capital Intelligence Rating Date Action/Direction Outlook Watch
Long-Term Foreign Currency Rating BB- 01/08/2012 Negative
Short-Term Foreign Currency Rating B 01/08/2012 Negative
Financial Strength Rating BB- 01/08/2012 Negative
Support Rating 4 01/08/2012
Global summary
Assets
Loans 48,094.0 56,268.0 55,837.0 55,878.0
Gross Loans 51,491.0 58,597.0 57,579.0 57,288.0
Less: Reserves for Impaired Loans/ NPLs 3,397.0 2,329.0 1,742.0 1,410.0
Other Earning Assets 20,700.0 23,858.0 22,163.0 19,379.0
Loans and Advances to Banks 6,988.0 5,159.0 4,784.0 4,613.0
Derivatives 1,818.0 1,440.0 1,224.0 1,518.0
Other Securities 11,894.0 17,259.0 16,155.0 13,248.0
Remaining earning assets 0.0 0.0 0.0 0.0
Total Earning Assets 68,794.0 80,126.0 78,000.0 75,257.0
Fixed Assets 1,304.0 1,237.0 1,252.0 1,231.0
Non-Earning Assets 6,724.0 5,825.0 5,017.0 5,714.0
Total Assets 76,822.0 87,188.0 84,269.0 82,202.0
Notes
Impaired Loans (Memo) 7,898.0 6,124.0 4,189.0 2,227.7
Loan Loss Reserves (Memo) 3,397.0 2,329.0 1,742.0 1,410.0
Liquid Assets (Memo) 8,515.0 9,403.0 8,731.0 9,666.0
Intangibles (Memo) 465.0 734.0 710.0 731.0
Off Balance Sheet Items 2,400.0 n.a. n.a. n.a.
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 2,045.0 2,261.0 2,350.0 2,405.0
Other Operating Income 280.0 663.0 696.0 865.0
Net Gains (Losses) on Trading and Derivatives -51.0 79.0 97.0 172.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Fees and Commissions 292.0 404.0 418.0 543.0
Remaining Operating Income 39.0 180.0 181.0 150.0
Overheads 1,198.0 1,426.0 1,471.0 1,566.0
Loan Loss Provisions 1,333.0 1,362.0 1,177.0 886.0
Other -6,749.0 n.a. 0.0 0.0
Profit before Tax -6,955.0 136.0 398.0 818.0
Tax -1,316.0 52.0 82.0 141.0
Net Income -5,496.0 84.0 316.0 677.0
Operating Income (Memo) 2,326.0 2,924.0 3,041.0 3,277.0
Net Gains (Losses) on Trading and Derivatives -51.0 79.0 97.0 172.0
Net Gains (Losses) on Other Securities -19.0 87.0 74.0 47.0
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Insurance Income 30.0 37.0 48.0 46.0
Net Fees and Commissions 292.0 404.0 418.0 543.0
Other Operating Income 29.0 56.0 54.0 64.0
Total Non-Interest Operating Income 281.0 663.0 691.0 872.0
Personnel Expenses 674.0 772.0 793.0 828.0
Other Operating Expenses 524.0 654.0 678.0 738.0
Total Non-Interest Expenses 1,198.0 1,426.0 1,471.0 1,566.0
Memo: Net Income after Allocation to Non- -5,508.0 68.0 305.0 652.0
controlling Interests
Memo: Common Dividends Relating to the Period 0.0 0.0 0.0 0.0
Memo: Preferred Dividends Related to the Period 124.0 95.0 37.0 39.0
Balance Sheet
Assets
Loans
Residential Mortgage Loans 14,029.0 17,119.0 15,412.0 14,884.0
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans 7,048.0 8,926.0 10,306.0 11,738.0
Corporate & Commercial Loans 30,414.0 32,552.0 31,861.0 30,666.0
Other Loans n.a. 0.0 0.0 0.0
Less: Reserves for Impaired Loans/ NPLs 3,397.0 2,329.0 1,742.0 1,410.0
Net Loans 48,094.0 56,268.0 55,837.0 55,878.0
Gross Loans 51,491.0 58,597.0 57,579.0 57,288.0
Memo: Impaired Loans included above 7,898.0 6,124.0 4,189.0 2,227.7
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 6,988.0 5,159.0 4,784.0 4,613.0
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 503.0 638.0 868.0 1,012.0
Derivatives 1,818.0 1,440.0 1,224.0 1,518.0
Available for Sale Securities 3,185.0 3,369.0 6,955.0 9,148.0
Held to Maturity Securities 2,206.0 3,429.0 3,625.0 3,052.0
At-equity Investments in Associates 8.0 58.0 44.0 36.0
Other Securities 5,992.0 9,765.0 4,663.0 n.a.
Total Securities 13,712.0 18,699.0 17,379.0 14,766.0
Memo: Government Securities included Above 9,624.0 13,677.0 12,080.0 7,407.0
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property n.a. n.a. n.a. n.a.
Insurance Assets n.a. n.a. n.a. n.a.
Other Earning Assets 0.0 0.0 0.0 0.0
Total Earning Assets 68,794.0 80,126.0 78,000.0 75,257.0
Non-earning Assets
Cash and Due From Banks 3,286.0 3,606.0 3,079.0 4,041.0
Memo: Mandatory Reserves included above 2,262.0 n.a. n.a. n.a.
Foreclosed Real Estate 369.0 272.0 164.0 n.a.
Fixed Assets 1,304.0 1,237.0 1,252.0 1,231.0
Goodwill 299.0 533.0 533.0 573.0
Other Intangibles 166.0 201.0 177.0 158.0
Current Tax Assets n.a. n.a. n.a. n.a.
Deferred Tax Assets 1,726.0 503.0 389.0 249.0
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 878.0 710.0 675.0 693.0
Total Assets 76,822.0 87,188.0 84,269.0 82,202.0
Interest-bearing Liabilities
Customer Deposits - Current 10,045.0 13,804.0 15,665.0 13,445.0
Customer Deposits - Savings n.a. n.a. n.a. n.a.
Customer Deposits - Term 22,414.0 30,631.0 31,143.0 29,042.0
Total Customer Deposits 32,459.0 44,435.0 46,808.0 42,487.0
Deposits from Banks 1,043.0 1,144.0 2,258.0 2,792.0
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 34,888.0 25,480.0 17,470.0 16,183.0
Total Deposits, Money Market and Short-term 68,390.0 71,059.0 66,536.0 61,462.0
Funding
Senior Debt Maturing after 1 Year 2,371.0 4,894.0 6,925.0 10,591.0
Subordinated Borrowing 300.0 495.0 460.0 885.0
Other Funding n.a. n.a. n.a. n.a.
Total Long Term Funding 2,671.0 5,389.0 7,385.0 11,476.0
Derivatives 3,013.0 2,681.0 2,274.0 3,077.0
Trading Liabilities 18.0 58.0 25.0 n.a.
Total Funding 74,092.0 79,187.0 76,220.0 76,015.0
Non-interest Bearing Liabilities
Fair Value Portion of Debt n.a. n.a. n.a. n.a.
Credit impairment reserves n.a. n.a. n.a. n.a.
Reserves for Pensions and Other n.a. n.a. n.a. n.a.
Current Tax Liabilities n.a. n.a. n.a. n.a.
Deferred Tax Liabilities 18.0 16.0 14.0 21.0
Other Deferred Liabilities 75.0 119.0 109.0 138.0
Discontinued Operations n.a. n.a. n.a. n.a.
Insurance Liabilities 1,069.0 972.0 749.0 n.a.
Other Liabilities 693.0 800.0 863.0 1,405.0
Total Liabilities 75,947.0 81,094.0 77,955.0 77,579.0
Hybrid Capital
Pref. Shares and Hybrid Capital accounted for as n.a. n.a. n.a. n.a.
Debt
Pref. Shares and Hybrid Capital accounted for as 1,695.0 1,741.0 1,741.0 705.0
Equity
Equity
Common Equity -675.0 5,022.0 5,066.0 4,316.0
Non-controlling Interest 278.0 322.0 275.0 331.0
Securities Revaluation Reserves -640.0 -991.0 -768.0 -729.0
Foreign Exchange Revaluation Reserves 217.0 n.a. n.a. n.a.
Fixed Asset Revaluations and Other Accumulated n.a. 0.0 0.0 0.0
OCI
Total Equity -820.0 4,353.0 4,573.0 3,918.0
Total Liabilities and Equity 76,822.0 87,188.0 84,269.0 82,202.0
Memo: Fitch Core Capital -3,011.0 3,116.0 3,951.0 3,075.0
Memo: Fitch Eligible Capital -3,351.4 3,511.5 4,742.0 3,780.0
Summary Analytics
Profitability Ratios
Interest Ratios
Interest Income on Loans/ Average Gross Loans% 5.85 5.68 6.54 12.89
Interest Expense on Customer Deposits/ Average 3.00 2.67 3.06 11.22
Customer Deposits%
Interest Income/ Average Earning Assets% 7.12 6.69 7.79 10.75
Interest Expense/ Average Interest-bearing 4.34 3.92 4.79 7.39
Liabilities%
Net Interest Income/ Average Earning Assets% 2.75 2.84 3.05 3.44
Net Int. Inc Less Loan Impairment Charges/ Av. 0.96 1.13 1.52 2.17
Earning Assets%
Net Interest Inc Less Preferred Stock Dividend/ 2.58 2.72 3.00 3.39
Average Earning Assets%
Other Operating Profitability Ratios
Non-Interest Income/ Gross Revenues% 12.08 22.67 22.72 26.61
Non-Interest Expense/ Gross Revenues% 51.50 48.77 48.37 47.79
Non-Interest Expense/ Average Assets% 1.47 1.66 1.76 2.06
Pre-impairment Op. Profit/ Average Equity% 36.59 34.09 36.70 39.83
Pre-impairment Op. Profit/ Average Total Assets% 1.38 1.74 1.89 2.25
Loans and securities impairment charges/ Pre- 672.67 90.92 74.73 52.00
impairment Op. Profit%
Operating Profit/ Average Equity% -209.55 3.10 9.27 19.12
Operating Profit/ Average Total Assets% -7.91 0.16 0.48 1.08
Taxes/ Pre-tax Profit% 18.92 38.24 20.60 17.24
Pre-Impairment Operating Profit / Risk Weighted 2.58 3.12 3.29 3.50
Assets%
Operating Profit / Risk Weighted Assets% -14.79 0.28 0.83 1.68
Other Profitability Ratios
Net Income/ Average Total Equity% -178.44 1.91 7.36 15.82
Net Income/ Average Total Assets% -6.73 0.10 0.38 0.89
Fitch Comprehensive Income/ Average Total Equity -163.99 -3.25 6.76 -3.32
%
Fitch Comprehensive Income/ Average Total Assets -6.19 -0.17 0.35 -0.19
%
Net Income/ Av. Total Assets plus Av. Managed n.a. n.a. n.a. n.a.
Securitized Assets%
Net Income/ Risk Weighted Assets% -12.59 0.18 0.66 1.39
Fitch Comprehensive Income/ Risk Weighted Assets -11.57 -0.30 0.61 -0.29
%
Capitalization
Fitch Core Capital/Weighted Risks% -6.90 6.50 8.26 6.31
Fitch Eligible Capital/ Weighted Risks% -7.68 3.66 4.96 3.88
Tangible Common Equity/ Tangible Assets% -4.03 3.63 4.72 3.78
Tier 1 Regulatory Capital Ratio% 11.50 10.60 11.50 8.00
Total Regulatory Capital Ratio% 12.00 11.70 12.70 10.40
Core Tier 1 Regulatory Capital Ratio% n.a. n.a. n.a. n.a.
Equity/ Total Assets% -1.07 4.99 5.43 4.77
Cash Dividends Paid & Declared/ Net Income% -2.26 113.10 11.71 5.76
Cash Dividend Paid & Declared/ Fitch -2.45 -66.43 12.76 -27.46
Comprehensive Income%
Cash Dividends & Share Repurchase/Net Income% n.a. n.a. n.a. n.a.
Net Income - Cash Dividends/ Total Equity% 685.37 -0.25 6.10 16.28
Loan Quality
Growth of Total Assets% -11.89 3.46 2.51 20.20
Growth of Gross Loans% -12.13 1.77 0.51 22.75
Impaired Loans(NPLs)/ Gross Loans% 15.34 10.45 7.28 3.89
Reserves for Impaired Loans/ Gross loans% 6.60 3.97 3.03 2.46
Reserves for Impaired Loans/ Impaired Loans% 43.01 38.03 41.59 63.29
Impaired Loans less Reserves for Imp Loans/ Equity -548.90 87.18 53.51 20.87
%
Loan Impairment Charges/ Average Gross Loans% 2.49 2.34 2.07 1.68
Net Charge-offs/ Average Gross Loans% 0.25 1.16 1.37 0.95
Impaired Loans + Foreclosed Assets/ Gross Loans + 15.94 10.86 7.54 3.89
Foreclosed Assets%
Funding
Loans/ Customer Deposits% 158.63 131.87 123.01 134.84
Interbank Assets/ Interbank Liabilities% 669.99 450.96 211.87 165.22
Customer Deposits/ Total Funding excl Derivatives% 45.67 58.08 63.30 58.25
Reference Data
Off-balance Sheet Items
Managed Securitized Assets Reported Off-Balance n.a. n.a. n.a. n.a.
Sheet
Other off-balance sheet exposure to securitizations n.a. n.a. n.a. n.a.
Memo: Interest Income on Impaired Financial Assets n.a. n.a. n.a. n.a.
Securities
Trading Assets - Debt Securities (where no issuer n.a. n.a. n.a. 607.0
breakdown)
Trading Assets - Debt Securities - Governments n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Banks n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Corporates n.a. n.a. n.a. n.a.
Trading Assets - Debt Securities - Structured n.a. n.a. n.a. n.a.
Trading Assets - Equities n.a. n.a. n.a. n.a.
Trading Assets - Commodities n.a. n.a. n.a. n.a.
Debt Sec. designated at FV through the Income n.a. n.a. n.a. n.a.
Statement (where no split)
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Governments
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Banks
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Corporates
Debt Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement - Structured
Equity Securities designated at FV through the n.a. n.a. n.a. n.a.
Income Statement
Loans at FV through the Income Statement n.a. n.a. n.a. n.a.
Trading Assets - Other n.a. n.a. n.a. n.a.
Total Trading Assets at FV through the Income n.a. n.a. n.a. 607.0
Statement
AFS Assets - Debt Securities (where no issuer n.a. n.a. n.a. 836.0
breakdown)
AFS Assets - Government n.a. n.a. n.a. 4,037.0
AFS Assets - Banks n.a. n.a. n.a. n.a.
AFS Assets - Corporates n.a. n.a. n.a. n.a.
AFS Assets - Structured n.a. n.a. n.a. n.a.
AFS Assets - Equities n.a. n.a. n.a. 416.0
AFS Assets - Other n.a. n.a. n.a. 3,859.0
Total AFS Assets 3,185.0 3,369.0 6,955.0 9,148.0
HTM - Debt Securities (where no issuer breakdown) n.a. n.a. n.a. n.a.
Other Non-loss Absorbing Items Reported in Equity n.a. n.a. n.a. n.a.
Ratios
Capital
Tier 1 Ratio 11.50 10.60 11.50 8.00
Total Capital Ratio 12.00 11.70 12.70 10.40
Equity / Tot Assets 1.14 6.99 7.49 5.62
Equity / Net Loans 1.82 10.83 11.31 8.27
Equity / Cust & Short Term Funding 1.28 8.58 9.49 7.52
Equity / Liabilities 1.16 7.56 8.15 6.03
Cap Funds / Tot Assets 1.53 7.56 8.04 6.70
Cap Funds / Net Loans 2.44 11.71 12.13 9.86
Cap Funds / Dep & ST Funding 1.72 9.27 10.18 8.96
Cap Funds / Liabilities 1.55 8.18 8.74 7.18
Subord Debt / Cap Funds 25.53 7.51 6.79 16.07
Operations
Net Interest Margin 2.75 2.86 3.07 3.48
Net Int Rev / Avg Assets 2.49 2.64 2.82 3.19
Oth Op Inc / Avg Assets 0.34 0.77 0.84 1.15
Non Int Exp / Avg Assets 3.09 3.25 3.18 3.26
Pre-Tax Op Inc / Avg Assets -0.25 n.a. 0.48 1.09
Non Op Items & Taxes / Avg Ast -6.63 -0.06 -0.10 -0.19
Return On Avg Assets (ROAA) -6.70 0.10 0.38 0.90
Return On Avg Equity (ROAE) -157.73 1.35 5.78 13.56
Dividend Pay-Out 0.00 0.00 0.00 0.00
Inc Net Of Dist / Avg Equity -157.73 1.35 5.78 13.56
Non Op Items / Net Income 122.80 n.a. 0.00 0.00
Cost To Income Ratio 51.53 48.77 48.29 47.89
Recurring Earning Power 1.37 1.75 1.89 2.26
Liquidity
Interbank Ratio 669.99 450.96 211.87 165.22
Net Loans / Tot Assets 62.60 64.54 66.26 67.98
Net Loans / Dep & ST Funding 70.32 79.19 83.92 90.92
Net Loans / Tot Dep & Bor 65.18 71.50 73.70 74.38
Liquid Assets / Dep & ST Funding 12.45 13.23 13.12 15.73
Liquid Assets / Tot Dep & Bor 11.54 11.95 11.53 12.87
All figures have been adjusted based on the Stock split/Dividend ratio.
General information
Security information
Market price - Year (EUR) 2012 2011 2010 2009 2008 2007
BETA
Reference index 2:
Ref. index 2 - Beta - 3 months n.a.
Ref. index 2 - Beta - 1 month n.a.
Ref. index 2 - Beta - 1 year n.a.
Ref. index 2 - Correlation coefficient - 3 months n.a.
Ref. index 2 - Correlation coefficient - 1 month n.a.
Ref. index 2 - Correlation coefficient - 1 year n.a.
Reference index 3:
Ref. index 3 - Beta - 3 months n.a.
Ref. index 3 - Beta - 1 month n.a.
Ref. index 3 - Beta - 1 year n.a.
Ref. index 3 - Correlation coefficient - 3 months n.a.
Ref. index 3 - Correlation coefficient - 1 month n.a.
Ref. index 3 - Correlation coefficient - 1 year n.a.
Reference index 4:
Ref. index 4 - Beta - 3 months n.a.
Ref. index 4 - Beta - 1 month n.a.
Ref. index 4 - Beta - 1 year n.a.
Ref. index 4 - Correlation coefficient - 3 months n.a.
Ref. index 4 - Correlation coefficient - 1 month n.a.
Ref. index 4 - Correlation coefficient - 1 year n.a.
Reference index 5:
Ref. index 5 - Beta - 3 months n.a.
Ref. index 5 - Beta - 1 month n.a.
Ref. index 5 - Beta - 1 year n.a.
Ref. index 5 - Correlation coefficient - 3 months n.a.
Ref. index 5 - Correlation coefficient - 1 month n.a.
Ref. index 5 - Correlation coefficient - 1 year n.a.
Date News
1 06/10/2012 Burgan Bank to acquire a majority stake in Eurobank Tekfen,
receives regulatory approval (deal no. 1601285799)
2 05/10/2012 National Bank of Greece seeks shareholder approval of Eurobank
takeover (deal no. 1601409233)
3 09/08/2012 Greek banks vie for Credit Agricole’s Emporiki unit (deal no.
1601383264)
4 23/07/2012 EFG Group to sell shares in EFG Eurobank to members of the
Latsis family and John S. Latsis Public Benefit Foundation (deal
no. 1601390510)
Source : Zephyr
Controlling shareholders
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
This bank is the Global UO of the Corporate Group.
See the Current shareholders report section for other shareholders.
Current subsidiaries
The banks underlined and displayed in bold blue are available onBANKSCOPE.
The banks underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source
Level
Coun Direct Total Source Date of
Subsidiary name of Status
- try (%) (%) ident. info.
own.
40. IMO PROPERTY INVESTMENTS SOFIA n.a. 100.00 100.00 1 UO+ IP 06/2012
E.A.D.
41. IMO PROPERTY INVESTMENTS SOFIA BG 100.00 100.00 1 UO+ RM 12/2011
E.A.D.
42. IMO RELA EAD BG 100.00 100.00 1 UO+ RM 12/2011
43. IMO RILA E.A.D. n.a. 100.00 100.00 1 UO+ IP 06/2012
44. IMO-II PROPERTY INVESTMENTS S.A. n.a. 100.00 100.00 1 UO+ IP 06/2012
45. NEU II PROPERTY HOLDINGS LTD CY 100.00 100.00 1 UO+ RM 12/2011
46. NEU III PROPERTY HOLDINGS LTD CY 100.00 100.00 1 UO+ RM 12/2011
47. NEU PROPERTY HOLDINGS LIMITED CY 100.00 100.00 1 UO+ RM 12/2011
48. POLBANK EFG S.A. PL 100.00 100.00 1 UO+ IP 09/2011
49. BERBERIS INVESTMENT LTD GB - 100.00 1 UO+ RM 12/2011
50. BULGARIAN RETAIL SERVICES AD BG - 100.00 1 UO+ RM 12/2011
51. EFG AUTO LEASING EOOD BG - 100.00 1 UO+ RM 12/2011
52. EFG EUROBANK FINANCE SA RO - 100.00 1 UO+ RM 12/2011
53. EFG EUROBANK SECURITIES SA RO - 100.00 1 UO RM 12/2011
54. EFG EUROLIFE ASIGURARI DE VIATA SA RO - 100.00 1 UO+ RM 12/2011
55. EFG EUROLIFE ASIGURARI GENERALE SA RO - 100.00 1 UO+ RM 12/2011
56. EFG IT SHARED SERVICES SA RO - 100.00 1 UO+ RM 12/2011
57. EFG LEASING IFN SA RO - 100.00 1 UO+ RM 12/2011
58. EFG NEW EUROPE FUNDING II B.V. NL - 100.00 1 UO RM 12/2011
59. EFG RETAIL SERVICES IFN SA RO - 100.00 1 UO+ RM 12/2011
60. EUROBANK EFG HOLDING ( LUXEMBOURG ) LU - 100.00 1 UO+ RM 12/2011
SA
61. EUROCREDIT RETAIL SERVICES LTD CY - 100.00 1 UO+ RM 12/2010
62. IMO PROPERTY INVESTMENTS RS - 100.00 1 UO+ RM 12/2011
63. IMO-II PROPERTY INVESTMENTS SA RO - 100.00 1 UO+ RM 12/2011
64. OPEN 24 S.A. GR - 100.00 1 UO+ RM 12/2011
65. EFG LEASING AD BEOGRAD RS 99.99 n.a. 1 UO+ RM 12/2011
66. EUROBANK EFG A.D. BEOGRAD RS 99.98 n.a. 1 UO+ RM 12/2011
67. PUBLIC J.S.C. UNIVERSAL BANK GR 99.96 n.a. 1 UO+ RM 12/2011
68. GLOBAL FUND MANAGEMENT S.A. GR 99.50 n.a. 1 UO+ RM 12/2011
69. EFG FINANSAL KIRALAMA A S TR - 99.26 1 UO RM 12/2011
70. EFG ISTANBUL MENKUL DEGERLER AS TR - 99.26 1 UO RM 12/2011
71. EFG ISTANBUL PORTFOLY YONETIMI A.S. n.a. 99.26 n.a. 1 UO+ IP 06/2012
72. EFG ISTANBUL PORTFOY YONETIMI AS TR 99.26 n.a. 1 UO+ RM 12/2011
73. EUROBANK TEKFEN TR - 99.26 1 UO+ RM 12/2011
74. BE - BUSINESS EXCHANGES S.A. GR 98.01 n.a. 1 UO+ RM 12/2011
75. BANCPOST SA RO 94.00 n.a. 1 UO IP 01/2012
76. BANCPOST SA RO 93.78 n.a. 1 UO RS 12/2011
77. EFG EUROBANK PROPERTY SERVICES SA RO 80.00 n.a. 1 UO RM 12/2011
78. EFG PROPERTY SERVICES RS 80.00 n.a. 1 UO RM 12/2011
79. EFG PROPERTY SERVICES SOFIA AD BG 80.00 n.a. 1 UO RM 12/2011
80. FEMION LTD CY 66.67 n.a. 1 UO RM 12/2011
81. ELIADE TOWER SA RO - 55.94 1 UO RM 12/2011
82. EUROBANK PROPERTIES S.A. REAL ESTATE GR 55.94 n.a. 1 UO RM 12/2011
INVESTMENT COMPANY
83. RECO REAL PROPERTY RS - 55.94 1 UO RM 12/2011
84. RETAIL DEVELOPMENT SA RO - 55.94 1 UO RM 12/2011
85. SEFERCO DEVELOPMENT SA RO - 55.94 1 UO RM 12/2011
86. TAVROS PROTYPI ANAPTYXI S.A. GR - 55.92 1 UO RM 12/2010
87. EUROBANK EFG STEDIONICA AD BEOGRAD RS 55.80 n.a. 1 UO RS 12/2011
*: For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the
Operating Income (memo)
70 00
38 66
.gr
nterbank of
etabank. On
2002,
e to Eurobank
pe)
Watch
Watch
Watch
Op.
Date of Vari- No of
Revenue
info. ation employees
(mil USD)*
Contact details
Bank History :
Established in 1841. In August 1998, National Bank of Greece SA absorbed National Mortgage Bank of Greece SA. In
December 2002, absorbed National Investment Bank for Industrial Development SA - ETEBA.
Status Active Consolidation Code C2
Accounting Standards International Financial Nickname NBGCIFRS
Reporting Standards (IFRS) Source Annual Report
Accounts published in mil EUR Release Date 6/13/2012
Name of the Auditor Sol S.A./ Deloitte & Touche Model ALLBANKS
Types of accounts Cons., Uncons., Add. Cons.
available & Add. Uncons.
BvD indep. indicator B+
Peer Group
Peer Group Name Commercial Banks Europe (Excl. Eastern Europe)
Size 1,148
Your access does not allow you to download some of the data. Please contact your local BvD account manager for more
information.
Capital Intelligence Rating Date Action/Direction Outlook Watch
Long-Term Foreign Currency Rating bb- 01/08/2012 Negative
Short-Term Foreign Currency Rating b 01/08/2012 Negative
Financial Strength Rating bb- 01/08/2012 Negative
Support Rating 3 01/08/2012
Global summary
Assets
Loans 65,793.2 71,542.9 69,132.6 67,676.4
Gross Loans 72,912.8 75,104.5 71,591.8 69,296.8
Less: Reserves for Impaired Loans/ NPLs 7,119.6 3,561.6 2,459.2 1,620.4
Other Earning Assets 28,496.8 33,958.8 32,598.6 22,430.1
Loans and Advances to Banks 4,635.8 3,321.5 3,707.9 2,490.1
Derivatives 3,748.8 1,731.2 1,875.9 1,590.3
Other Securities 19,116.6 27,848.9 26,043.9 17,377.0
Remaining earning assets 995.6 1,057.2 970.9 972.7
Total Earning Assets 94,290.0 105,501.7 101,731.2 90,106.5
Fixed Assets 2,022.7 2,070.4 2,099.2 1,982.7
Non-Earning Assets 10,557.3 13,172.5 9,563.8 9,749.4
Total Assets 106,870.0 120,744.6 113,394.2 101,838.6
Notes
Impaired Loans (Memo) 20,828.7 6,870.0 4,941.5 2,987.9
Loan Loss Reserves (Memo) 7,119.6 3,561.6 2,459.2 1,620.4
Liquid Assets (Memo) 11,400.7 12,575.1 12,026.9 8,927.6
Intangibles (Memo) 2,136.9 2,560.2 2,486.9 2,474.2
Off Balance Sheet Items 21,239.5 25,433.5 26,463.5 n.a.
INCOME STATEMENT
Unqualified Unqualified Unqualified Unqualified
Original Original Original Original
31/12/2011 31/12/2010 31/12/2009 31/12/2008
12 months 12 months 12 months 12 months
mil EUR mil EUR mil EUR mil EUR
Net Interest Revenue 3,842.8 4,148.0 3,949.1 3,602.0
Other Operating Income 530.3 493.1 1,137.5 1,275.9
Net Gains (Losses) on Trading and Derivatives 41.8 -135.7 304.7 397.9
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Fees and Commissions 493.8 609.9 686.4 772.1
Remaining Operating Income -5.3 18.9 146.4 105.9
Overheads 2,570.9 2,553.2 2,530.0 2,422.4
Loan Loss Provisions 2,704.0 1,365.0 1,041.0 513.3
Other -12,518.3 -85.3 -263.6 -5.2
Profit before Tax -13,420.1 637.6 1,252.0 1,937.0
Tax -1,095.2 197.2 288.7 352.1
Net Income -12,324.9 440.4 963.3 1,584.9
Operating Income (Memo) 4,371.9 4,639.5 5,086.5 4,906.8
Net Gains (Losses) on Trading and Derivatives 41.8 -135.7 304.7 397.9
Net Gains (Losses) on Other Securities -69.5 -2.6 133.1 10.3
Net Gains (Losses) on Assets at FV through Income n.a. n.a. n.a. n.a.
Statement
Net Insurance Income 146.7 75.8 95.6 122.9
Net Fees and Commissions 493.8 609.9 686.4 772.1
Other Operating Income -83.7 -55.9 -82.4 1.6
Total Non-Interest Operating Income 529.1 491.5 1,137.4 1,304.8
Personnel Expenses 1,616.4 1,530.5 1,577.5 1,447.7
Other Operating Expenses 954.5 1,022.7 952.5 974.7
Total Non-Interest Expenses 2,570.9 2,553.2 2,530.0 2,422.4
Memo: Net Income after Allocation to Non- -12,344.0 399.0 947.0 1,546.0
controlling Interests
Memo: Common Dividends Relating to the Period 0.0 0.0 0.0 0.0
Memo: Preferred Dividends Related to the Period n.a. 42.2 42.2 32.7
Balance Sheet
Assets
Loans
Residential Mortgage Loans 24,078.5 25,565.7 24,481.9 22,278.7
Other Mortgage Loans n.a. n.a. n.a. n.a.
Other Consumer/ Retail Loans 14,023.7 13,342.9 12,291.3 11,017.4
Corporate & Commercial Loans 34,810.6 36,195.9 34,818.6 36,000.7
Other Loans 0.0 0.0 0.0 0.0
Less: Reserves for Impaired Loans/ NPLs 7,119.6 3,561.6 2,459.2 1,620.4
Net Loans 65,793.2 71,542.9 69,132.6 67,676.4
Gross Loans 72,912.8 75,104.5 71,591.8 69,296.8
Memo: Impaired Loans included above 20,828.7 6,870.0 4,941.5 2,987.9
Memo: Loans at Fair Value included above n.a. n.a. n.a. n.a.
Other Earning Assets
Loans and Advances to Banks 4,635.8 3,321.5 3,707.9 2,490.1
Reverse Repos and Cash Collateral n.a. n.a. n.a. n.a.
Trading Securities and at FV through Income 2,682.7 1,723.1 4,066.1 2,292.1
Derivatives 3,748.8 1,731.2 1,875.9 1,590.3
Available for Sale Securities 4,509.2 7,924.4 14,337.7 9,488.1
Held to Maturity Securities 1,023.7 3,626.3 99.6 141.1
At-equity Investments in Associates 42.5 39.4 42.7 55.7
Other Securities 10,858.5 14,535.7 7,497.8 5,400.0
Total Securities 22,865.4 29,580.1 27,919.8 18,967.3
Memo: Government Securities included Above 11,253.2 17,980.3 16,140.7 7,209.4
Memo: Total Securities Pledged n.a. n.a. n.a. n.a.
Investments in Property 274.5 213.2 164.9 148.1
Insurance Assets 700.6 822.1 806.0 707.7
Other Earning Assets 20.5 21.9 0.0 116.9
Total Earning Assets 94,290.0 105,501.7 101,731.2 90,106.5
Non-earning Assets
Cash and Due From Banks 4,082.2 7,530.5 4,252.9 4,145.4
Memo: Mandatory Reserves included above n.a. n.a. n.a. n.a.
Foreclosed Real Estate n.a. n.a. n.a. n.a.
Fixed Assets 2,022.7 2,070.4 2,099.2 1,982.7
Goodwill 1,738.6 2,099.5 2,045.4 2,037.9
Other Intangibles 398.3 460.7 441.5 436.3
Current Tax Assets 242.4 136.7 189.5 113.9
Deferred Tax Assets 1,309.6 470.7 174.2 774.2
Discontinued Operations n.a. n.a. n.a. n.a.
Other Assets 2,786.2 2,474.4 2,460.3 2,241.7
Total Assets 106,870.0 120,744.6 113,394.2 101,838.6
Interest-bearing Liabilities
Customer Deposits - Current 7,452.2 6,871.5 7,821.2 67,507.9
Customer Deposits - Savings 19,297.5 23,294.1 25,146.6 n.a.
Customer Deposits - Term 32,793.8 37,873.4 38,226.7 149.0
Total Customer Deposits 59,543.5 68,039.0 71,194.5 67,656.9
Deposits from Banks 2,609.4 5,492.5 10,600.5 14,840.0
Repos and Cash Collateral n.a. n.a. n.a. n.a.
Other Deposits and Short-term Borrowings 31,498.8 24,406.2 11,042.8 n.a.
Total Deposits, Money Market and Short-term 93,651.7 97,937.7 92,837.8 82,496.9
Funding
Senior Debt Maturing after 1 Year 2,996.6 3,868.6 2,982.6 3,426.6
Subordinated Borrowing 443.3 563.5 102.1 310.0
Other Funding