Presentation for Investors

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PRESENTATION, November 2015
Contents
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Basic informations about Slovenia and Abanka
Highlights and key strategic priorities
History and Bank Profile
Financials
Contacts
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Republic of Slovenia
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Capital and largest city: Ljubljana
Area: 20,273 km2
Population: cca. 2 million
GDP (2014): 37,303 mio EUR
Real GDP growth (2014): 3.0 %
GDP per capita (2014): 18,093 EUR
Real GDP per capita growth (2014): 2.9 %
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COUNTRY RATINGS
• Fitch: BBB+; positive outlook
• Moody’s: Baa3; stable
outlook
• S&P: A-; positive outlook
Main macroeconomic indicators
2014
2015
2016
2017
Real GDP growth in %
3.0
2.7
2.3
2.3
Rate of registered unemployment in %
13.1
12.3
11.8
11.1
Inflation (year average) in %
0.2
-0.4
0.8
1.4
Source: UMAR, Autum forecast of economic trends 2015 (September 2015)
Identity Card
Abanka d.d.
• Registered office: Slovenska cesta 58, 1517 Ljubljana
• Transaction account: SI56 0100 0000 0500 021
• BIC: ABANSI2X
• Tax number: 68297530
• VAT identification number: SI68297530
• Registration number: 5026024
• Total Equity as at 30.06.2015:
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EUR 303,325,000
Phone: +386 (1) 47-18-100
Fax: +386 (1) 43-25-165
Web address: http://www.abanka.si
E-mail: [email protected]
Management Board:
– Jože Lenič, MSc (President of the Management Board)
– Aleksander Vozel, MSc (Member of the Management Board)
Shareholder Structure: Republic of Slovenia 100%
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Contents
1.
2.
3.
4.
5.
Basic informations about Slovenia and Abanka
Highlights and key strategic priorities
History and Bank Profile
Financials
Contacts
4
General information and key financials
As at 30.6.2015 in EUR thousand
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Total assets:
Loans to non-banking sector:
Liabilities from non-banking sector:
L/D ratio
CAR:
Interest margin:
Net profit:
Market share (Total Assets):
Number of branches:
Number of Employees:
2,481,430
1.071,802
1.791.063
0,60
20,7%
1,60%
5,948
6,7%
40
832
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Project of the year in 2015 – merger with
Banka Celje – key strategic priorities
Key strategic priorities of the merged bank:
• to increase the attractiveness of the bank to investors and obtain the
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relevant credit rating
to strengthen the cooperation with retail and SME segment
operation with key major customers with a focus on selling a
comprehensive range of banking products
quick and effective deployment of advanced technology and
process solutions
the most preferred employer in the industry
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Ratings
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ABANKA RATINGS
Credit rating
agency
FITCH
Moody's
Capital
Intelligence
Rating date Credit risk Credit risk
rating: longrating:
term
short-term
May 2015
June
2015
October
2014
BBB3
BB-
Financial
strength
rating
bb(viability)
caa1
Non-Prime
(BCA)
B
B
B+
Outlook
stable
stable
stable
Contents
1.
2.
3.
4.
5.
Basic informations about Slovenia and Abanka
Highlights and key strategic priorities
History and Bank Profile
Financials
Contacts
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Abanka d.d. – a Bank with Tradition
Abanka was
founded in 1955
as a subsidiary of
the ex Jugoslav
bank for foreign
trade, later known
as JUGOBANKA
1955
Subsidiary
Jugobanka
Ljubljana was the
first bank in
Slovenia
conducted
international
business
From December
1989 independent
bank named
ABANKA d.d.,
Ljubljana
31st December
2002 merger by
acquisition of
Banka Vipa,
consequently
renamed into
Abanka Vipa d.d.
Listed on
Ljubljana Stock
Exchange since
October 2008
1989
Recapitalization
of the bank by the
Republic of
Slovenia;
preparation of the
restructuring plan
of the bank for the
period 2014 –
2018
2002
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On 13th August
2014 European
Commission
authorises state
aid for Abanka
In October 2014
completition of
the increase in
Abanka’s capital
and transfer of
claims to the
BAMC.
On 16th
December 2014
European
Commission has
concluded that
joint restructuring
plan of Abanka
Vipa d.d. and
Banka Celje d.d.
is in line with EU
state aid rules.
2008
2013 2014
Abanka d.d. – a Bank with Tradition
On 20th May 20015
signing of Merger
Agreement of Banka
Celje with Abanka
On 18th June 2015
Slovenian Competition
Protection Agency
issued the Decision
regarding the
compliance of
concentration with
competition rules
2015
On 8th September
2015 the Bank of
Slovenia granted an
authorisation for the
merger of Banka Celje
with Abanka
On 5th October 2015
merger by acquisition
of Banka Celje by
Abanka
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Universal Bank
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Services
Approach
Abanka is an universal bank that provides all banking
and other financial services
Extensive
network
of 68 branches
throughout
Slovenia
Traditional banking
E-banking
Bankassurance
services
Advisory
services
&
personal
approach
Investment banking
Products & Services
Commercial banking
Treasury and
Investment Banking
Bank assurance
products
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• Strong brand recognition in corporate, SME and
retail banking
• Modern financial instruments (e-banking, cards
etc.)
• Extensive network through branches and ATMs
•Fixed income products (primary and secondary
market)
•Wide range of derivative products
•Currency trading
•Equity & precious metals brokerage
•Corporate finance advisory
• Strategic partnership with Zavarovalnica Triglav,
the biggest Slovenian insurance company
• Wide range of insurance products
“To offer the very best financial services through long-term partner relationships,
excellence in operations, concern for security and continuous development.”
Organisational Structure
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DIVISIONAL ORGANISATION OF THE BANK ENABLES EFFICIENT MANAGEMENT AND
REGULAR DEVELOPMENT OF THE PRODUCTS AND SERVICES FOR THE CUSTOMERS
Management Board
Internal audit
Compliance
Personnel and
Organisation
Legal
Custody and
Administrative
Services
Corporate
Banking
Division
Retail Banking
and Small
Business
Division
Financial
Markets
Division
Risk
Management
Division
Finance
Division
Information
Technology
Division
Back-Office
Operations
Division
Contents
1.
2.
3.
4.
5.
Basic informations about Slovenia and Abanka
Highlights and key strategic priorities
History and Bank Profile
Financials
Contacts
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Financial Highlights (2014)
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Abanka Group (audited and consolidated data)
EUR thousands
STATEMENT OF FINANCIAL POSITION
Total assets
Total deposits from non-bank customers
Total loans to non-bank customers
Loans from banks and the central bank
Total equity
EUR thousands
INCOME STATEMENT
Net interest income
Net non-interest income
Labour costs, general and administration costs
Depreciation
Impairments and provisions
Profit or loss before taxes from ordinary operations
Corporate income tax from ordinary operations
Net profit or loss
As at 31.12.2014:
CAR=18.8%
31 Dec., 2014
31 Dec., 2013
Index 12.14/12.13
2,602,426
1,836,210
1,067,190
295,151
300,382
3,048,403
1,886,057
1,809,717
823,586
212,139
85.4
97.3
58.9
35.8
141.6
2014
2013
Index 12.14/12.13
55,928
(37,924)
(47,002)
(6,348)
(153,907)
(189,253)
1,178
(188,075)
54,099
138,809
(54,068)
(5,774)
(410,935)
(277,869)
(28,644)
(306,513)
103.4
86.9
109.9
37.5
68.1
61.3
Financial Highlights (1H 2015)
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Abanka (unaudited and unconsolidated data)
EUR thousands
STATEMENT OF FINANCIAL POSITION
Total assets
Total deposits from non-bank customers
Total loans to non-bank customers
Total equity
30 June 2015
31 Dec., 2014
Index 6.15/12.14
2,480,861
1,784,279
1,054,055
303,325
2,602,426
1,836,210
1,067,190
300,382
95.3
97.1
98.7
100.9
Jan.-June 2015
Jan.-June 2014
Index 6.15/6.14
21,192
26,218
(21,516)
(3,231)
(12,698)
9,965
(4,017)
5,948
30,707
16,320
(22,364)
(3,134)
(20,411)
1.118
(571)
547
69
160.6
96.2
103.1
62.2
891.3
703.5
1,087.4
EUR thousands
INCOME STATEMENT
Net interest income
Net non-interest income
Labour costs, general and administration costs
Depreciation
Impairments and provisions
Profit or loss from ordinary operations before tax
Corporate income tax on ordinary operations
Net profit/(loss)
As at 30.06.2015:
CAR=20.7%
Contents
1.
2.
3.
4.
5.
Basic informations about Slovenia and Abanka
Highlights and key strategic priorities
History and Bank Profile
Financials
Contacts
17
Contacts
Financial Markets
Mr. Boštjan Herič, Executive Director of Financial Markets
tel.: +386 1 47 18 461
e-mail: [email protected]
Financial Institutions
Mrs. Maja Domitrovič, Director of Financial Institutions
tel.: +386 1 47 18 071
e-mail: [email protected]
Mr. Štefan Volk, Expert Advisor
tel.: +386 1 47 18 435
e-mail: [email protected]
Mrs. Simona Cilenšek, Expert Advisor
tel.: +386 1 47 18 060
e-mail: [email protected]
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Contacts
Mrs. Bernarda Aljančič, Financial Institutions Specialist
tel.: +386 1 47 18 061
e-mail: [email protected]
Treasury
Mr. Jure Gedrih, Director of Treasury
tel.: +386 1 47 18 212
e-mail: [email protected]
Mrs. Dominika Pintar, Head of Liquidity and Trading
tel.: +386 1 47 18 213
e-mail: [email protected]
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