31/03/2012 overview. 2 net operating earnings and roe nis millions
TRANSCRIPT
31/03/2012 Overview
2
Net Operating Earnings and ROENIS Millions
Statements of income I/2012- I/2011 NIS Millions
I/2012I/2011Gross change
The net change
Net interest income5355152015
Expenses (income) for credit losses (0.19% provision rate)31(36)6744
Net interest income after expenses for credit losses504551(47)(30)
Total non-interest income403480(77)(50)
Of which: income (expenses) non-interest*5685(29)(19)
Commissions (decrease stems mainly from decreses in customers activity in the capital markets)
343388(45)(29)
Other Income 47(3)(2)
Total operating and other expenses700740(40)(26)
Of which: salaries and related expenses (including losses appointed time compensation)
418447(29)(18)
Holding and depreciation on buildings and equipment 11110921
Amortization and impairment of intangible assets414011
Other expenses130144(14)(10)
Profit before tax207291(84)(54)
Provision for taxes on income73120
Bank’s share of profit of associates1315(2)
Net earnings142181(39)
ROE9.9%13.5%
Core (Tier 1) capital ratio (end of period)8.81%8.11%
* Including decrease in income from stock investments of 24 NIS Millions.
3
I/2012I/2011
Operating & Other Expenses (NIS Millions)
29-
2+
14-
40-
4
Efficiency Ratio: Total Income to Total Expenses
Operating Expenses
%Adjusted Operating Expenses / Total Income*
*Expenses excluding severance pay fund effects, special provisions ; Net interest income excluding gains/losses from sale and writedown of available for sale bonds, hedging of volatility in provision for taxes , interest income charged on problem loans and effect of reconciliations to fair value of ALM derivatives ; Operating income excluding dividend, realization or decline in value of shares and severance pay fund gains. 5
Total income
operating expenses
%Operating Expenses / Total Income
Total income
Deposits from the Public81.7 NIS Billion
Deposits to Credit Ratio
Liquid Assets to Deposits Ratio
Capital Adequacy Basel II
Tier 1 Capital Adequacy36.2מזה: עסקי ומסחרי 15.1 צרכני 14.8 משכנתאות
Credit tothe Public66.1 NIS Billion
Gov. & Bank Deposits1.75 NIS Billion
8.81%
123.7%
32.3%
42.1%Of capital available for Investments
State of Israel Bonds: 8.5 NIS Billion
Deposits-Bank of Israel:15.5 NIS Billion
Sovereigns Bonds: 0.75 NIS Billion
Deposits in Banks: 2.4 NIS Billion
Banks Bonds: 1.64 NIS Billion
NIS+foreign Corporate Bonds:0.9 NIS BillionStructure Products, Hedge Funds & Stocks:0.8 NIS Billion
Market Risks in VAR Terms: (0.03) NIS Billion
Capital Notes5.16 NIS Billion
Capital available for Investments4.0 NIS Billion
13.58%
11.04% ,מסך האשראיכנגד נכסים נזילים
FIBI Strategic Assets & liabilities structure NIS Millions
6
Total Assets, Deposits & Credit NIS Billions
Credit to the public
Public Deposits
EquityAssets
7
Credit to the public NIS Millions
8
Development of housing credit portfolio (end of period)
Credit to the public by operating segmentsDevelopment of the annual average in consumer credit (annual average)
Change in % compared to
31.03.11 31.12.1131.03.12 31.03.1131.12.11
6.6%2.0%27,65928,91229,477Total private clients
7.5%1.0%13,80614,70214,847Of which: Mortgage
6.3%( (0.2%12,56113,38713,357Commercial + small business
0.9%2.5%23,03122,67923,238business
4.5%1.7%63,25164,97866,073Total Credit to the public
The average asset mix of the dominant
group is personal and private sectors
9
20062012/I
Personal and private sectors (including mortgages) are 45.9% in I/2012 from the total assets .
compared to 43.3% in I/2011, and to 30.5% 2006.
Change compared to
31.12.11
31.12.1131.03.12
Total Total
((2171,4451,228Damaged credit risk
42432474Low credit risk
35))1,029994Credit risk under special supervision
(210)2,9062,696Total credit risk problem
Breakdown of credit for problem debts NIS Millions 31.03.12
10
Provision for Doubtful Debts to Credit to the Public Ratio
Other 4 Leading Banks FIBI
11* Beginning in 2011, all collection on problem debts is shown as Expenses for credit losses instead of earnings
from financing operations
Composition of Total Proprietary Trading Book
VolumeI/2012
VolumeIV/2011
Composition 2012/I
Composition 2011/IV
Government bonds & Secured by Government bonds
9,2659,25975%78%
State of Israel bonds92%91%
Commercial Banks bonds1,6591,24214%10%
Shares5425564%5%
Other 8818157%7%
Of which: Fx Corporate Bonds
180137
Of which: NIS Corporate Bonds
701678
Total12,34711,872100%100%
NIS Millions
NIS Millions
Government bonds & Secured by Government bonds
75%
Total
Spain86
Italy78
Portugal0
Greece0
Ireland0
NIS Millions
12
PIIGS proprietary trading book exposure
14.30%14.57%
13.42%
Capital Adequacy Ratio Basel II
Tier 2
FIBI Tier 1
4 top Banks in Israel*
*
*
***
**
-1.3
-1.8 -1.8
1.06-
1.72-
0.75-
%
13
-0.8 0.19-
Core capital adequacy target in accordance with the commissioner of banks
Changes in Net Profit - Subsidiaries NIS Millions
I/2012
Percent change
relative to I/2011
ROECore (Tier 1) capital ratio
23.49.9%10.6%8.77%
12.6(24.1%)11.9%14.5%
10.914.7%13.1%12.4%
10.38.4%11.3%13.59%
14