CAIXABANK, S.A. 29th January, 2016
Disclaimer
The purpose of this presentation is purely informative and the information contained herein is subject to, and must be read in conjunction with, all other publicly available information. In particular, regarding the data provided by third parties, neither CaixaBank, S.A. ("CaixaBank"), nor any of its administrators, directors or employees, is obliged, either explicitly or implicitly, to vouch that these contents are exact, accurate, comprehensive or complete, nor to keep them updated, nor to correct them in the case that any deficiency, error or omission were to be detected. Moreover, in reproducing these contents in any medium, CaixaBank may introduce any changes it deems suitable, may omit partially or completely any of the elements of this document, and in case of any deviation between such a version and this one, assumes no liability for any discrepancy.
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Statements as to historical performance, historical share price or financial accretion are not intended to mean that future performance, future share price or future earnings for any period will necessarily match or exceed those of any prior year. Nothing in this presentation should be construed as a profit forecast.
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In so far as it relates to results from investments, this financial information from CaixaBank Group for FY 2015 has been prepared mainly on the basis of estimates.
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FY 2015 Highlights
Major progress in market position and financial results
NII up 4.8% yoy in line with stated guidance
Strong fee performance of +10.3% yoy driven by sustained AuM growth
Recurring like-for-like cost reduction of -1.2% yoy as cost synergies feed through
CoR falls to 73 bps (below 80 bps guidance)
Net income up 31.4% yoy despite 4Q one-offs
1
Core income growth and lower provisioning support the bottom line
Market shares
Payroll deposits
Consumer lending
+1.82 pp yoy
+0.89 pp yoy
Mutual funds +2.59 pp yoy
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L/T savings1
+1.59 pp yoy
New lending growing by 27%2
Leading the digital banking revolution with launch of mobile-only imaginBank
Seizing further market share on competitive strengths
NPLs down by c.25% in 12 months with a steep decline in 4Q
NPL ratio falls to 7.9% with improvement across all segments
NPL coverage of 56% above sector average
High RE disposal activity as 4Q sales break even for the first time
3
Strong CET1 FL ratio at 11.6% within target range (11%-12%)
SREP disclosure3 at 9.31% reinforces capital cushion and dividend payment ability
Disposal of BRS and the BEA/GFI sale agreement leads to early achievement of a key
strategic objective
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Strong capital position while delivering early on key strategic targets(1) Savings insurance plus pensions plans (2) Ex CIB, 2015 vs. 2014
Including additional requirements for O-SII from Jan-1st 2016. SREP requirement as of Dec'15: 9.25% 3
FY 2015 Results
BEA/GFI disposal agreement
Commercial activity
Financial results
Asset quality
Liquidity & Solvency
Final remarks
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CaixaBank SA issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 07:03:31 UTC
Original Document: http://www.caixabank.com/StaticFiles/pdfs/160129_HR_ FY15Webcast_ven.pdf
