brochura financeira.cdr

PARECER DO CONSELHO FISCAL
Corporate Brochure
How can BAI enhance your success?
Corporate Brochure
PARECER DO CONSELHO FISCAL
Table of Contents
Background
Vision and Mission
Our Values
Governing Bodies
References
Shareholders
Financial Statements and Performance Indicators
Graphs: Leading Indicators
Products and Services
Corporate, Institutional and Investment Banking
Contacts
04
05
06
07
10
12
13
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PARECER DO CONSELHO FISCAL
Background
Founded on November 14th 1996, BAI is today a dynamic bank using the
most up-to-date technology.
We give special attention to a more efficient and personalized market
approach, and we work to become an essential partner in your business.
We are actively engaged in providing an attentive service to Individual
Customers and offering innovating solutions to support SMEs (Small and
Medium Enterprises) while keeping ourselves as an undeniable reference
among Corporate Organizations.
A team of dedicated and expert professionals ensures our presence in the
national and international market.
With 66 branches in Angola, BAI is also present in Portugal, through BAI
Europa, in Cabo Verde, through BAI Cabo Verde, S. Tomé e Príncipe and
Brazil through partnerships that ensure BAI businesses.
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PARECER DO CONSELHO FISCAL
Vision and Mission
Our Vision
To be an Angolan Financial Group distinguished in the markets where it
operates for its solidity, dynamism and value creation for its stakeholders.
Our Mission
Integrated development of business competences that lead to the
formation of sustainable partnerships in harmony with best internationally
recommended practices for the financial sector.
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PARECER DO CONSELHO FISCAL
Our Values
Respect
Customer Orientation
Transparency
Professionalism
Ethical Conduct
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PARECER DO CONSELHO FISCAL
Governing Bodies
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PARECER DO CONSELHO FISCAL
Governing Bodies
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PARECER DO CONSELHO FISCAL
Governing Bodies
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PARECER DO CONSELHO FISCAL
References
Auditor
Ernst & Young (Portugal) from FY 1999 thru 2005
PricewaterhouseCoopers (Angola) since FY 2006
Member of SWIFT network since 2000 (BAIPAOLU)
Certified as Bank nº. 1 rated 98.05% for Southern and Eastern Africa in 2004 by American Express for
SWIFT straight through processing
First Angolan bank to be licensed by VISA in 2006 to provide credit cards services to the Angolan market
Considered Best Bank in Angola in 2008 by the Banker
Correspondent banking arrangements with:
In US$
American Express Bank Ltd
HSBC USA
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PARECER DO CONSELHO FISCAL
References
In EUR
KBC Bank
Commerzbank Frankfurt
BHF Bank
Byblos Bank Europe SA
Banco BAI Europa
In ZAR
Standard Bank
Commerzbank South Africa
HSBC Johannesburg
Website
www.bancobai.ao
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PARECER DO CONSELHO FISCAL
Shareholders
2008
%
# of Shares
Paid in Capital
(USD)
Sonangol - Sociedade Nacional de Combustíveis, UEE
8,50
378 250
3 782 500
Arcinella Assets
7,00
311 500
3 115 000
Sforza Properties
6,50
289 250
2 892 500
Amer - Com International
5,42
241 190
2 411 900
Dabas Management Limited
5,00
222 500
2 225 000
Mário Abílio R.M. Palhares
5,00
222 500
2 225 000
Theodore Jameson Giletti
5,00
222 500
2 225 000
A.B.L. Limited
5,00
222 500
2 225 000
Lobina Anstalt
5,00
222 500
2 225 000
Others
47,58
2 117 310
21 173 100
100,00
4 450 000
44 500 000
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PARECER DO CONSELHO FISCAL
Financial Statements and Performance Indicators
USD Thousands
Accounts
2008
2007
2006
2005
2004
2003
Interest Income
278 236
148 537
85 274
62 557
36 278
34 551
Interest Expense
(90 231)
(34 385)
(31 183)
(19 738)
(6 570)
(5 232)
Net Interest Income
188 005
114 152
54 091
42 819
29 708
29 319
Commission Income
57 398
28 583
20 132
18 648
14 439
8 214
Profits on Financial Operations
73 316
51 287
33 158
20 092
18 974
31 647
6 820
7 620
3 843
3 561
6 154
3 956
Comission Expense
(4 065)
(2 074)
(1 760)
(2 588)
(1 226)
(368)
Additional Margin
131 532
85 416
55 373
39 781
38 456
43 449
Banking Revenue
319 537
199 569
109 464
82 600
68 164
72 768
Personnel Costs
(35 154)
(21 750)
(18 766)
(13 369)
(10 680)
(8 341)
Other Oper. Income
Third Party Supplies and Services
(41 828)
(23 629)
(18 067)
(16 612)
(13 511)
(9 423)
DDA
(11 196)
(8 182)
(6 708)
(5 266)
(3 815)
(2 080)
Provisions
(47 535)
(28 775)
(3 330)
(12 149)
(4 302)
(16 250)
Duties and Taxes
(654)
(468)
(448)
(446)
(368)
(211)
Others Expenses
(1 937)
(1 159)
(1 468)
(1 316)
(1 147)
(1 278)
186 158
115 604
60 678
33 442
34 340
35 185
Operating Income
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PARECER DO CONSELHO FISCAL
Financial Statements and Performance Indicators
USD Thousands
Accounts
Extraordinary Results
2008
2007
2006
2005
2004
2003
(32)
(1 036)
(1 967)
(4 139)
2 005
(918)
183 138
114 568
58 711
37 581
36 345
34 267
Profits Before Conversion
Effects
(498)
2 494
43
4 216
(643)
(2 283)
Income Before Taxes
182 640
117 062
58 754
41 797
35 702
31 984
Provision for Industrial Tax
(17 001)
(38 956)
(14 672)
(14 745)
(14 656)
(11 774)
Net Income
165 639
78 106
44 082
27 052
21 046
20 210
Forex Loss
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PARECER DO CONSELHO FISCAL
Financial Statements and Performance Indicators
USD Thousands
Assets
2007
2006
2005
2004
1 019 556
504 585
254 781
190 864
122 696
69 383
518 851
225 091
286 875
202 865
64 862
167 236
Loans to FI
2 208 363
1 330 437
933 015
323 737
250 144
152 608
Customers Loans
1 754 356
835 370
421 265
283 557
231 230
168 518
Bonds
1 788 586
570 415
289 222
173 590
60 293
31 957
59 254
30 171
25 193
22 514
26 033
23 868
9 838
4 854
2 201
1 927
1 681
962
169 042
103 559
71 737
67 834
60 655
35 698
Cash & Dep. W/ CB
Deposits w/ FI
Equity Holdings
Intangible Fixed Ass.
Tangible Ass. & Works in Progress
2008
2003
Other Assets
32 682
5 753
2 877
2 948
4 072
3 922
Accruals & Deferrals
64 619
39 640
22 710
12 954
12 447
4 715
7 625 147
3 649 875
2 309 876
1 282 789
831 114
658 868
0
12 596
14 947
0
0
446
Other Deposits
5 001 150
2 825 594
1 652 985
996 030
496 708
475 737
Responsabilities for Securities
Total Assests
Liabilities
Deposits from FI
1 842 789
437 039
406 069
89 888
134 897
31 596
Others Liabilities
39 000
20 584
18 381
43 652
25 815
24 969
Creditors
55 611
63 071
37 500
35 261
25 825
22 844
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Financial Statements and Performance Indicators
USD Thousands
Assets
2008
2007
2006
2005
2004
2003
Accruals & Deferrals
77 583
21 154
16 577
13 871
59 170
17 551
Provisions
83 366
42 532
17 583
17 270
12 217
8 267
44 500
44 500
44 500
32 500
32 500
32 500
3 967
2 405
0
0
0
0
300 056
93 819
54 146
27 555
19 137
8 598
12 071
9 060
3 691
296
7 364
16 150
(585)
(585)
(585)
(585)
(564)
0
Equity Funds
Share Capital
Funds
Legal and Free Reserves
Re-expression Effect Reserves
Other Reserves
Profits and Loss
Total Liab. & Equity
165 639
78 106
44 082
27 052
21 046
20 210
7 625 147
3 649 875
2 309 876
1 282 789
834 114
658 868
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PARECER DO CONSELHO FISCAL
Financial Statements and Performance Indicators
Key Indicators 2008 - 2003
2008
2007
2006
2005
2004
2003
Activity (US $ Million)
Total Net Assets
7 625
3 650
2 310
1 283
831
659
Net Customers Loans
1 526
835
121
284
231
169
guaranties)
682
344
134
116
86
79
Total Credit
Signature Credit (Doc. Credit &
1 793 297
1 180
556
399
317
248
Deposits
5 001
2 826
1 653
996
197
176
Debt Securities in Issue
1 843
437
106
90
135
32
Equity Funds
526
227
146
87
79
77
Net Banking Product
320
198
108
81
68
73
General Overheads
88
54
44
35
28
20
Net Income
Shares (’000)
166
78
44
27
21
20
0
4 450
4 450
3 250
3 250
3 250
Operational
1 089
771
585
461
453
302
Nr. of Branches
60
42
35
29
22
17
Nr. of Accounts
188 696
127 856
83 926
55 190
49 980
38
27,6%
27%
40%
44%
41%
29,3%
Workforce
Cost to Income Ratio
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PARECER DO CONSELHO FISCAL
Financial Statements and Performance Indicators
Key Indicators 2008 - 2003
2008
2007
2006
2005
2004
2003
Productivity
173
166
143
120
110
125
7
5
4
3
2
2 182
1.16%
1.47%
1.88%
2.75%
3%
3.00%
Earnings per Share (EPS)
37.2
17.6
9.9
8.3
6.5
6.2
Return on Equity (ROAE)
44%
42%
38%
33%
27%
35%
Return on Assets (ROAA)
3%
2.6%
2.5%
2.6%
2.8%
3%
Inco. Before Taxes to Equity Funds
48.5%
62.7%
50.5%
45.3%
46%
42%
Capital Adequacy (Eq. to WRA)
15.7%
11.9%
12.3%
9.6%
10%
12%
Nr. of Customers to Employees
Net Assets/Number of Employees
Overheads/Net Assets
Profitability
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PARECER DO CONSELHO FISCAL
Graphs: Leading Indicators
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PARECER DO CONSELHO FISCAL
Products and Services
Corporate Banking
Investment Banking
Retail Banking
Trade Finance: issue and receipt of
payment orders, opening and
confirmation of Letters of Credit (at
sight, at term and stand-by), banking
guarantees
Project finance: designing and
structuring of debt & equity finance
forgreenfield and expansion projects;
venture capital solutions
Loans: wage loans, car loans, house
loans, student loans, loans to
executives (Top 150)
Treasury Product: overdrafts, working
capital accounts, application of funds
on overnights
Structured finance: structuring of and
participation in finance syndicates
securitized by capital market
instruments
Savings accounts: youth savings
account, house saving account
Loans: short, medium- and long-term
loans, investment loans
Corporate finance: economic, financial
and asset valuations, auditings,
preparation of business plans,
restructuring and privatization studies
Term deposits and financial
investments: 3-year term deposit BAI
Classic; BAI guaranteed securities
pegged to central bank bills and int´l
money market paper)
Current accounts: expense-free
accounts, wage accounts
Banking services: opening of interest-bearing accounts, debit accounts by cheques and ATM cards, issuing and certifying of
cheques, intrabanking transfers and interbanking transfers (local and offshore), standing payment instructions (water,
electricity, telephone bills), purchase and sale of foreign currency cheques and traveller-cheques, purchase and sale of
banknotes and hard-currency, processing and payment of wages, transport and collection of funds, debit and credit cards
(Mastercard, Visa), cash advances against VISA, Diners, Euro and Matercard credit cards, Internet Banking
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PARECER DO CONSELHO FISCAL
Corporate, Institutional and Investment Banking
Integrated
Logistic
Service
Overdraft Facility
- Angola USD 15.000.000,00
Adviser, Arranger and Lender
Confirmed Asset Backed Facility
- Angola USD 14.600.000,00
Adviser, Arranger and Lender
Confirmed Asset Backed Facility
- Angola USD 50.000.000,00
Co- leader, Local Arranger and Lender
Acquisition of Equipment for Expansion of Mobile
Telephone Network
- Angola USD 20.000.000,00
Financial Upgrade of GSM Network
- Angola USD 10.000.000,00
Adviser, Arranger and Lender
Syndicated Loan
- Angola USD 12.500.000,00
Arranger and Lender
Adviser, Arranger and Lender
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PARECER DO CONSELHO FISCAL
Corporate, Institutional and Investment Banking
Ministério das Finanças
Housing Syndicated Loan
Nova Vida Project
- Angola -
Syndicated Loan to Finance Sonangol
Current Budget
(USD150.000.000)
USD 50.000.000,00
Ministério das Finanças
Bridge Facility
- Angola USD 25.000.000,00
USD 55.000.000,00
Arranger and Lender
Co-Lender and Arranger
Co- leader, Local Arranger and Lender
Ministério das Finanças
Ministério das Finanças
Ministério das Finanças
Line of Credit BAI – AKA Export Credit
Agency: Hermes
Beneficiaries: EPAL, INEA
Syndication Loan for the Modernization
of TAAG Boeing Fleet
Beneficiary: TAAG
(USD 200.000.00)
Syndication Loan for Treasury Bonds (USD
400.000.00)
USD 51.000.000,00
Agent and Arranger
USD 50.000.000,00
USD 80.000.000,00
Advisor, Co-Leader and Co-Arranger
Advisor, Leader and Co-Arranger
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Corporate, Institutional and Investment Banking
Ministério das Finanças
Syndication and Underwriting for Treasury
Bonds – Public Investments Program
(USD 400.000.000,00)
Structured Loan for Construction of
Luanda Medical Center
USD 30.000.000,00
USD 80.000.000,00
Ministério das Finanças
Housing Sydicated Loan Nova Vida Project
Phase II
(USD 157.000.000.00)
USD 18.000.000,00
Underwriter
2007
Lenders
2007
Lender
2006
Finance the Acquisition of Celular Telephone
Equipment
Finance the Construction of the New
Logistical and Services Center in Soyo
Syndication and Underwriting for Treasury
Bonds
Phase I
(USD 1.000.000.000.00)
Ministério das Finanças
USD 10.000.000,00
Lender
USD 15.000.000,00
USD 398.000.000,00
Lender
Underwriter
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Corporate, Institutional and Investment Banking
Syndicated Loan
Ministry os Transportation
Aquisition of fleet of buses
Structured Loan for Upgrading Terminal 2
USD 92.000.000,00
Leader
2008
USD 213.955.193,00
Lender
2008
USD 45.000.000,00
Lenders
2008
Glopartner, Lda
Project Finance structure for a Real – Estate
project
- Angola -
USD 20.000.000,00
Lender
2008
Confirmed Asset Backed
Facility
- Angola -
Ministry of Transportation
Ministry of Finance
Production of School Books
USD 10.000.000,00
AKZ 11,800.000,00
Lender
2008
Lender
2009
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Contacts
Banco Africano de Investimentos, S.A
Rua Major Kanhangulo 34, Luanda – Angola
Caixa Postal 6022
Tel.: +244(222) 693800/693899
Fax: +244(222) 335486
Corporate, Investment and Financial Markets
David M. Carvalho
[email protected]
Investment Banking Manager
Tel.: +244(222) 693800/693899
Tel.: +244(222) 693804 (direct)
Victor Cardoso
[email protected]
Financial Markets Manager
Tel.: +244(222) 693800/693899
Tel.: +244(222) 693815 (direct)
Jorge Almeida
[email protected]
Corporate & Institutional Manager
Tel.: +244(222) 693800/693899
Tel.: +244(222) 693816 (direct)
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