1 hansabank’s q1 2001 financial results. 2 highlights: q1 2001 group ltb privatisation agreement...
TRANSCRIPT
1
HANSABANK’s
Q1 2001
FINANCIAL RESULTS
2
Highlights: Q1 2001
Group LTB privatisation agreement signed on April 23Total revenues up by 24.3% compared to Q1 2000Operating expenses up by 23.4%Net profit up by 25.8%, EPS 1.3 eurosCost-income ratio at 46.7% (46.2% in Q1 2000)ROE improved to 27.1% (from 25.4% in Q1 2000)Total capital adequacy 16.8%
Hansabank 243,000 hanza.net usersEstonia Share of transfers through electronic channels over 90%
Retail mortgage portfolio: +46% to EUR 166 million
Hansa Capital Loan growth yoy 63.2%Net profit growth yoy 52.6%Cost-income ratio 27.1%Net risk cost at 0.33% of the average portfolio.
3
Highlights: Q1 2001
Hansabank New corporate investment projects worth EUR 42 million,Markets improvement in asset quality.
Largest capital raiser in the Baltics: EUR 64 million ofequity and debt transactions.Largest custodian, assets EUR 2.2 billionLargest asset manager, EUR 109 million, 30% growth during Q1 2001
Hansabanka ROE at 16.3%(Latvia) Deposits up 66.9% yoy
30,300 hanza.net users
Hansabankas Deposits at EUR 85.3 million(Lithuania) Loans at EUR 43.2 million
2,400 hanza.net users
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Income Statement
EUR in millions Q1 2001 Q1 2000 Change
Net interest income 36.9 27.4 34.7%
Non-interest income 24.3 21.8 11.2%
Total revenues 61.2 49.2 24.3%
Operating expenses 32.0 25.9 23.4%
Provisions, net 2.1 2.2 -5.0%
Profit before tax 27.1 21.1 28.8%
Net profit 26.2 20.8 25.8%
ROE 27.1% 25.4%
Cost-income ratio 46.7% 46.2%
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Revenues
EUR in millions Q1 2001 Q1 2000 Change
Net interest income 36.9 27.4 34.7%
Fees and commissions, net 13.7 10.9 26.0%
Income from financial operations 7.6 9.4 -19.7%
Other income 3.0 1.5 97.5%
Total revenue 61.2 49.2 24.3%
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Expenses
EUR in millions Q1 2001 Q1 2000 Change
Personnel expenses 13.1 9.9 32.2%
IT expenses 1.9 1.3 42.7%
Administrative expenses 6.0 5.7 5.4%
Other expenses 6.3 5.2 20.6%
Depreciation 4.7 3.8 24.0%
Total operating expenses 32.0 25.9 23.4%
Provisions, net 2.1 2.2 -5.0%
Other income/(expense), net 0.1 0.0
Tax and minority interest 0.9 0.2
Net profit 26.1 20.8 25.8%
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Net Profit by Business Units
26.20.2(0.1)1.67.6
8.4
8.5
0
5
10
15
20
25
30
HansapankEstonia
Hansa Capital HansabankMarkets
Hansabanka Hansabankas GroupTreasury
Group
EU
R in m
illi
ons
These numbers represent the results of business units, not legal entitities
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Balance Sheet
EUR in millions Mar 01 Mar 00 Change
Loans 1,854 1,303 42.3%
Deposits 1,946 1,375 41.5%
Shareholders’ equity 405 339 19.5%
Total assets 3,104 2,215 39.9%
Assets under management 108 69 23.4%
Risk-weighted assets 2,250 1,642 37.0%
Tier I capital adequacy 15.8% 17.5%
Total capital adequacy 16.8% 19.2%
ROA 3.5% 3.8%
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Net Profit and Total Assets
Net Profit Total Assets
20.826.2
0
10
20
30
Q1 00 Q1 01
EU
R in
mil
lion
s
2.23.1
0
1
2
3
4
03.00 03.01
EU
R in
bil
lion
s
10
Strategical Ratios
ROE NIM
25.4% 27.1%
0%
10%
20%
30%
Q1 00 Q1 01
%
5.0% 4.9%
0%
10%
Q1 00 Q1 01
%
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Cost / Income Ratio
Non-interest Margin
Strategical Ratios (continued)
46.2% 46.7%
0%
10%
20%
30%
40%
50%
Q1 00 Q1 01
%
-0.2%
-0.6%
-1.0%
-0.5%
0.0%Q1 00 Q1 01
%
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Risk Management
EUR in millions Mar 01 Mar 00 Change
Loans 1,854 1,303 42.3%
Loan loss reserve (LLR) 45 41 8.6%
LLR / Loans 2.40% 3.15%
Loan write-offs 5.6 3.0 86.7%
Loan recoveries 5.7 1.6 256.3%
Loans overdue more than 60 days (NPL) 11.8 20.8 -43.3%
NPL / Loans 0.65% 1.60%
Net risk cost* 0.00% 0.44%
* (write offs – recoveries) / average loans
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Shareholder Value Statement
Mar 01 Mar 00 Change
Share price (EUR) 8.5 8.9 -4%
Market capitalisation (EUR mil) 672 701 -29
EPS (EUR) 1.3 1.1 26%
P/E 6.4 8.4
P/B 1.7 2.1
Daily turnover (incl. OTC) (EUR mil) 0.91 1.73
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EVA by business units
EUR in millions Q1 2001 Q1 2000
Hansapank Estonia 7.6 10.9
Hansabanka -0.2 0.5
Hansabankas -0.6 -1.0
Hansa Capital 4.6 0.6
Hansabank Markets 5.2 1.2
Group Treasury -1.6 -2.3
Group total 15.0 9.9