If You Choose to Sail Upon the Seas of Banking, Build Your Bank As You Would Your Boat, with the Strength to Sail Safely Through Any Storm.”
“If you choose to sail upon the seas of banking, build your bank as you would your boat, with the strength to sail safely through any storm.” Jacob Safra (1891 – 1963) This page was intentionally left blank. Safra National Bank of New York Safra Securities LLC Safra National Bank of New York, Annual Report 2019 | 3 Financial Highlights 2019 2018 Consolidated income statements US$ 000 US$ 000 Net interest income 118,025 143,855 Non-interest income 120,338 106,735 Non-interest expenses (133,552) (130,445) Operating income 104,811 120,145 Net income 78,999 92,998 12.31.2019 12.31.2018 Consolidated balance sheets US$ 000 US$ 000 Total assets 8,296,257 8,174,780 Investments 4,841,280 4,619,120 Loans 2,877,858 3,058,974 Deposits 6,281,170 6,086,215 Equity 943,698 864,328 12.31.2019 12.31.2018 Client assets US$ million US$ million Total client assets 23,138 20,745 2019 2018 Ratios % % Capital Ratio 19.8% 17.7% Cost-income ratio 56.0% 52.1% Note: Consolidated figures include the accounts of Safra National Bank of New York and its wholly owned subsidiaries Safra Securities LLC and 3050 Aventura Owner, LLC. 4 | Safra National Bank of New York, Annual Report 2019 Financial Highlights Total Equity as of 12.31.2019 (US$ million) 670 805 864 944 2016 2017 2018 2019 On-Balance Sheet Assets as of 12.31.2019 (US$ million) 7,462 8,203 8,175 8,296 2016 2017 2018 2019 Total Client Assets as of 12.31.2019 (US$ million) 16,413 20,734 20,745 23,138 2016 2017 2018 2019 Safra National Bank of New York, Annual Report 2019 | 5 ARCTIC OCEAN Longyearbyen Qaanaaq
[Show full text]