0809-001-112 Relatorio ING.Qxd

Total Page:16

File Type:pdf, Size:1020Kb

0809-001-112 Relatorio ING.Qxd Banco BPI 1st Half 2009 This page was intentionally left blank. Report This page was intentionally left blank. Index REPORT Leading business indicators 4 Introduction 5 Governing bodies 7 Shareholders 8 Financial structure and business 9 Distribution channels 12 Human resources 13 Background to operations 14 Domestic commercial banking 22 Bancassurance 29 Asset Management 30 Investment banking 33 Private Equity 37 International banking activity 38 Financial review 41 Risk management 76 Rating 109 Banco BPI shares 110 FINANCIAL STATEMENTS AND NOTES Consolidated financial statements 113 Notes to the consolidated financial statements 119 Declaration 265 Audit Report issued by the Auditor registered with the CMVM 266 Leading business indicators (Consolidated figures in millions of euro, except where indicated otherwise) 30 Jun. 08 30 Jun. 09 Δ% Net total assets 39 745.2 43 531.8 9.5% Assets under management2 12 293.0 10 075.0 (18.0%) Business volume3 66 123.8 67 802.6 2.5% Loans to Customers (gross) and guarantees4 33 599.1 33 472.7 (0.4%) Total Customer resources 32 524.7 34 329.9 5.6% Business volume3 per Employee5 (thousands of euro) 6 999 7 200 2.9% Net operating revenue 529.4 565.7 6.9% Net operating revenue (1st half 2008 adjusted)1 602.4 565.7 (6.1%) Net operating revenue per Employee5 (thousands of euro) 56 60 6.6% Net operating revenue per Employee (1st half 2008 adjusted)1 64 60 (6.4%) Operating costs / Net operating revenue6 64.6% 61.4% Operating costs / Net operating revenue (1st half 2008 adjusted)1 56.7% 61.4% Net profit 9.1 89.0 880.2% Net profit (1st half 2008 adjusted)1 167.5 89.0 (46.9%) Adjusted data per share (euro)7 Net profit7 0.01 0.10 768.2% Net profit (1st half 2008 adjusted)1 0.21 0.10 (52.9%) Book value7 1.89 1.89 0.2% Weighted average no. of shares (in millions)7 791.4 893.5 12.9% Return on average total assets (ROA) 0.05% 0.6% ROA (1st half 2008 adjusted)1 0.9% 0.6% Return on Shareholders’ equity (ROE)8 1.1% 9.1% ROE (1st half 2008 adjusted)1 20.9% 9.1% Loans in arrears for more than 90 days / Customer loans 1.1% 1.7% Loan impairments (in the balance sheet) / Customer loans 1.4% 1.6% Loan impairments, deducted from recovery of loans written off (income statement) / Customer loans 0.18% 0.37% Cover of pension obligation 104.7% 99.4% Shareholders’ Equity9 1 680.5 1 687.8 0.4% Ratio of own funds requirements10 11.2% 11.4% Tier I10 7.6% 8.9% Core Tier I10, 11 6.7% 8.1% Closing price (euro) 2.64 1.82 (30.9%) Stock market capitalisation at period end 2 371.5 1 638.0 (30.9%) Retail branches12 (number) 828 876 5.8% Corporate and institutional centres network13 (number) 58 64 10.3% BPI Group staff complement14 (number) 9 448 9 417 (0.3%) 1) Banco BPI’s 1st half 2008 consolidated net profit includes two negative non-recurrent impacts (after taxes): (i) loss on the sale of the shares in Table 1 Banco Comercial Português (BCP) and impairment charges set aside on the BCP investment of 157.4 M.€; and (ii) costs with early retirements of 1.1 M.€. Excluding these non-recurrent impacts, the net profit from the domestic activity in the 1st half 2008 was 109.1 M.€ (vs. -49.4 M.€, as reported) and the consolidated net profit was 167.5 M.€ (vs. 9.1 M.€ as reported). The above table presents the indicators relating to efficiency, profitability, earnings and earnings per share after eliminating the abovementioned impacts. 2) Unit trust (mutual) funds, Retirement Savings Plans (PPR) and Equities Savings Plans (PPA), capitalisation insurance, guaranteed-capital and limited-risk bonds, assets under discretionary management and advisory mandates of Private Banking Clients and institutional Clients and assets of pension funds under management (including the Group’s staff pension funds). 3) Loans, guarantees and total Customer resources. 4) To ensure comparability, securitised mortgage loans written off from the balance sheet were added back (gross balance of 1 081 M.€ in June 2008, 989 M.€ at the end of 2008 and 943 M.€ in June 2009). 5) Number of Employees of the companies which are consolidated in full. 6) Personnel costs (excluding costs with early-retirements), outside supplies and services, depreciation and amortisation as percentage of net operating revenue. 7) Corresponds to net profit and shareholders’ equity (excluding minority interests) divided by the weighted average number of shares (end-of-semester number in the case of the indicator “book value per share”), with the number of shares adjusted by the capital increase which took place in June 2008. 8) In the ROE calculation, the average Shareholders' equity (excluding minority interests) was taken into account and the revaluation reserves were excluded. 9) Excludes minority interests. 10) Calculated in accordance with Bank of Portugal rules governing minimum own funds requirements. 11) Core capital corresponds to basis own funds, before deductions relating to equity interests in credit institutions and insurance undertakings, and excludes preference shares. 12) Includes traditional branches, housing shops, investment centres and automatic shops in Portugal, branches in Angola, investment centres in Angola and branches in Paris. 13) Distribution network specialising in serving companies, 1 Project Finance centre, Institutionals, the branch in Madrid and corporate centres in Angola. 14) Group staff complement in the domestic activity and in the international activity. Includes term Employees and temporary workers, and excludes bursaries. 4 Banco BPI | 1st half 2009 report Introduction BPI’s activity in the 1st half of 2009 was conducted In the 12 months ended 30 June 2009, BPI was able, in against one of the most gruelling international backdrops a particularly adverse economic context, to ensure high in living memory for the banking business. capitalisation levels, to maintain a comfortable level of resources and liquidity, to reduce and control risk levels The effects of the international global financial crisis and to strengthen Customer relations. which erupted in the 2nd half of 2007 and intensified during the course of 2008, remained present in the 1st Capital. As concerns capital, at the end of June 2009 six months of 2009, having experienced a critical period BPI had a total ratio of 11.4%, which corresponds to between September 2008 and March 2009 with the ratios for Tier I capital of 8.9% and core Tier I capital of significant deterioration in credit market conditions (fruit 8.1%. of a widespread loss of confidence) and the steep plunge in the equity markets. Liquidity. On the liquidity front, the Bank presents a comfortable situation: The drop in global economic activity since the outbreak of the crisis was extraordinarily swift and far-reaching, ᭿ Customer resources continued to represent the principal leading to the biggest drop in the world economy’s gross source of funding. The strong expansion in on-balance domestic product since World War II. As a very open sheet Customer resources has fully funded the increase economy to trade flows with its community partners, the in lending, not only in domestic operations but also in Portuguese economy strongly reverberated the European international activity; economy’s slowdown. The Bank of Portugal’s most recent forecasts point to a 3.5% fall in Portuguese GDP in ᭿ In banking activity in Angola, BFA boasts an extremely 2009, the biggest of the last 35 years, and a contraction liquid balance sheet: the Customer loans / on-balance of 0.6% in 2010. Private consumption and investment sheet resources ratio stood at 34%; recorded a sharp drop – which translated into a significant contraction in demand for credit –, ᭿ Total potentially-available financial resources at the end unemployment in the economy rose and interest rates of June totalled 5.9 Bi.€, corresponding to the sum of: sank to historically-low levels, all of which resulted in a challenging economic landscape for the banking industry. ᭿ assets eligible for funding at the European Central Bank available for immediate use of 4.2 Bi.€; The economic scenario in Angola was also less favourable in the first six months of 2009. Angola’s economy, which ᭿ potential issue guaranteed by the Portuguese State of had managed to remain virtually immune to the 1.7 Bi.€; international financial turmoil, ended up being affected by the current global economic situation via the fall in the oil ᭿ this sum exceeds the volume of medium and long-term price and the cutback in OPEC production quotas. The fall debt repayments to be made by the end of 2013 of 5.3 in exports gave rise to increased pressure on the balance of Bi.€; payments current account and to an expressive decline in foreign exchange reserves, thus forcing the Angolan ᭿ BPI did not resort to the issue of the State-backed government to act with a view to cooling domestic demand. debt. The lower exports and the deceleration in the robustness of domestic activity were responsible for the Angolan Finance Ministry revising downwards the economic growth projection for 2009, while international organisations’ forecasts point to a real drop GDP in 2009, with a probable upswing in growth expected to occur in 2010. Report | Leading business indicators and Introduction 5 Risks. The Bank’s non-performing loan ratios present a For their part, the positive effects of the measures good relative level despite the increase in risk levels in adopted by the Bank reflected themselves in a slower the economy, at the same time as cover for overdue loans and/or incomplete manner: the adjustment of credit is adequate.
Recommended publications
  • Editorial by Nicolás Smirnoff
    WWW.PRENSARIO.TV WWW.PRENSARIO.TV //// EDITORIAL BY NICOLÁS SMIRNOFF CEE: ups & downs at the new digital era Central & Eastern Europe is going forward through the new digital era with its own tips. The region has suffered a deep crisis from 2008 to 2017- 2018, with many economies Prensario just standing up. This has International meant rare investment pow- er and long-term plans, but at the same time the change ©2018 EDITORIAL PRENSARIO SRL PAYMENTS TO THE ORDER OF moves fast and comparing to EDITORIAL PRENSARIO SRL other territories, CEE shows OR BY CREDIT CARD. REGISTRO NACIONAL DE DERECHO strong digital poles and de- DE AUTOR Nº 10878 velopment appeals. Argentina: In favor, most of the biggest broadcast- OTT platforms? It is what main broadcasters Las Casas 3535 ers are group of channels that include many of the world are doing, to compete better in CP: 1238 the new converged market and to generate Buenos Aires, Argentina countries, so it is easier to set up cross region- Tel: (+54-11) 4924-7908 al plans and to generate high-scale moves. proper synergies. If content business moves Fax: (+54-11) 4925-2507 On the opposite, there are many different to franchise management, it is important to USA: languages and audiences, so it is difficult to be flexible enough to any formula. 12307 SW 133 Court - Suite #1432 spread solutions that work to every context. This Natpe Budapest? It promises to be bet- Miami, Florida 33186-USA Phone: (305) 890-1813 Russia is a big Internet pole and now it is ter than last ones, with the region going up Email: info@prensario.com also a big production hub for international and the need of pushing more and more col- Website: www.prensario.tv companies setting up studios or coproduc- laborations.
    [Show full text]
  • Órgão Oficial Da República De Angola
    Sexta-feira, 29 de Junho de 2018 I Série – N.º 94 DIÁRIO DA REPÚBLICA ÓRGÃO OFICIAL DA REPÚBLICA DE ANGOLA Preço deste número - Kz: 1.780,00 !"#$% $% &"''()*"+#+&-$.% /0('% "[&-$2.% /0('% ASSINATURA [%*'( "%#(%&$#$%2-+H$%*0:2-&$#$%+")%7-'-")% '(2$3-4$% $% $++&-"% (% $))-+$30'$)% #"% E7-'-"% Ano #$%9(*:2-&$%MC9%(%JC9%) '-(% %#(%TUR%VXCOO%(%*$'$% #$% 9(*:2-&$F.% #(4(% )('% #-'-<-#$% % >?*'(+)$% K)%3')%) '-()% %CCCC CCC CCC CCC CCC CCC% TUR%PMM%VWWCXO $% NC9% ) '-(% TUR% WXCOO.% $&'()&-#"% #"% '()*(&3-4"% @$&-"+$2% A% BCDC.% (?% E0$+#$.% 90$% F(+'-/0(% #(% K%MC9%) '-(% %CCCC CCC CCC CCC CCC CCC% TUR%NPM%JVOCOO -?*")3"%#"%)(2".%#(*(+#(+#"%$%*0:2-&$ "%#$% G$'4$2H"% +C:% J.% G-#$#(%K23$.% G$-L$% D")3$2% MNOP.% QQQC-?*'(+)$+$&-"+$2C<"4C$"% A% B+#C% 3(2(<CR% K%JC9%) '-(% %CCCC CCC CCC CCC CCC CCC% TUR%MZW%MXOCOO NC9%) '-(%#(%#(*)-3"%*' 4-"%$%(_(&30$'%+$%3()"0A E>?*'(+)$FC K%NC9%) '-(% %CCCC CCC CCC CCC CCC CCC% TUR%MXO%MMMCOO '$'-$%#$%>?*'(+)$%@$&-"+$2%A%BC%DC SUMÁRIO ARTIGO 1.º (Aprovação) É aprovado o Plano de Desenvolvimento Nacional 2018- Presidente da República BCBB1'&$",*'&*'(3"4"$/"'D"-3"/*'53"4%!"$-%&)'"'!")"'(&3/"' Decreto Presidencial n.º 158/18: integrante. Aprova o Plano de Desenvolvimento Nacional 2018-2022. ARTIGO 2.º Decreto Presidencial n.º 159/18: (Dúvidas e omissões) Nomeia Elisa Rangel Nunes para o cargo de Juíza Conselheira do Tribunal de Contas, Joaquim Mande para o cargo de Juiz Conselheiro do Tribunal As dúvidas e omissões resultantes da interpretação e apli- de Contas e Rigoberto Kambovo para o cargo de Juiz Conselheiro cação do presente Diploma são resolvidas pelo Presidente da do Tribunal de Contas. República. ARTIGO 3.º PRESIDENTE DA REPÚBLICA (Entrada em vigor) O presente Decreto Presidencial entra em vigor na data da sua publicação.
    [Show full text]
  • TV-Sat Magazyn Maj 2021.Pdf
    01_new.qxd 21-04-25 11:50 Page 1 02_Eutelsat.qxd 21-04-25 11:50 Page 2 C M Y B strona 2 03_04_stopka.qxd 21-04-25 12:03 Page 3 NASZE SPRAWY Nowa stacja naziemna w ofercie TVP ANTENA HD (dawniej SILVER TV), nowa stacja naziemna z portfolio MWE Networks, w ofercie Biura Reklamy TVP. Nadawca wybra³ TVP do sprze- da¿y czasu reklamowego, sponsoringu i akcji niestandardowych. Start stacji planowany jest na 1 maja. ANTENA HD jest now¹ stacj¹, powsta³¹ w wyniku konkursu na zagospo- darowanie wygas³ej koncesji stacji ATM Rozrywka. Dziêki otrzymanej koncesji na nadawanie na MUX-1 stacja bêdzie mieæ ogólnopolski zasiêg. ANTENA HD, znana wczeœniej pod robocz¹ nazw¹ SILVER TV, jest od- Najnowocześniejszy powiedzi¹ na rosn¹c¹ si³ê zakupow¹ osób po 50. roku ¿ycia. Jest to stacja filmo- wo-rozrywkowa z licznymi elementami lifestylowymi i edukacyjnymi. wóz transmisyjny Sony „Wybór Biura Reklamy TVP jako brokera dla kana³u ANTENA HD by³ dla nas oczywisty – to jedyne biuro reklamy telewizyjnej w Polsce, które przy w Polsacie ka¿dej kampanii reklamowej bierze pod uwagê widowniê 50+. Jestem bardzo Polsat rozwija nowoczesne technologie produkcyjne i transmisyjne. Dziêki zadowolony ze wspó³pracy z Biurem Reklamy TVP i cieszê siê, ¿e dziêki sta- temu bêdzie mo¿na przygotowaæ jeszcze wiêcej najlepszych i najatrakcyjniej- bilnym przychodom reklamowym mo¿emy rozwijaæ prawdziwie polsk¹ i nieza- szych treœci i programów dla widzów w Polsce, które mo¿na bêdzie ogl¹daæ le¿n¹ grupê medialn¹, która ju¿ nied³ugo bêdzie te¿ nadawa³a ogólnopolski ka- w dowolnie wybrany przez siebie sposób – czy to w telewizji, czy przez Internet.
    [Show full text]
  • § 313 HGB Version 1 Final EN 20210201 Pohler.Xlsx
    Summary of share property according to § 313 (2) HGB, consolidated financial statements of Deutschen Telekom AG at date December 31, 2020 Seq. No. Name and place of Business Via Indirectly Directly Total nominal value Currency Note 1. Included companies 1. ALDA Wireless Holdings LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 2. APC Realty and Equipment Co., LLC, Overland Park, Kansas City 1.306. 100,00% 1 USD 3. ATI Sub, LLC, Overland Park, Kansas City 1.38. 100,00% 1 USD 4. American Telecasting Development, LLC, Overland Park, Kansas City 1.38. 100,00% 1 USD 5. American Telecasting of Anchorage, LLC, Overland Park, Kansas City 1.312. 100,00% 1 USD 6. American Telecasting of Columbus, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 7. American Telecasting of Denver, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 8. American Telecasting of Fort Collins, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 9. American Telecasting of Fort Myers, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 10. American Telecasting of Green Bay, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 11. American Telecasting of Lansing, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 12. American Telecasting of Lincoln, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 13. American Telecasting of Little Rock, LLC, Overland Park, Kansas City 1.312. 100,00% 1 USD 14. American Telecasting of Louisville, LLC, Overland Park, Kansas City 1.46.
    [Show full text]
  • DEZEMBRO 2010 Centro De Documentação E Informação
    DEZEMBRO 2010 Centro de Documentação e Informação O Extracto de notícias é um serviço do Centro de Documentação da DW (CEDOC) situado nas instalações da DW em Luanda. Redação O Centro foi criado em Agosto de 2003 com o objectivo de facilitar Helga Silveira a recolha, armazenamento, acesso e disseminação de informação sobre desenvol-vimento socio-economico do País. Conselho de Ediçao Allan Cain, Joyce Jose, Através da monitoria dos projectos da DW, estudos, pesquisas e outras Jose Tiago, Gelson Gaspar formas de recolha de informação, o Centro armazena uma quantidade e Massomba Dominique considerável de documentos entre relatórios, artigos, mapas e livros. A informação é arquivada física e eletronicamente, e está disponível Editado por para consulta para as entidades interessadas. Além da recolha e arma- Development Workshop – Angola zenamento de informação, o Centro tem a missão da disseminação de informação por vários meios. Um dos produtos principais do Endereço Centro é o Extracto de notícias. Este Jornal monitora a imprensa Rua Rei Katyavala 113, nacional e extrai artigos de interesse para os leitores com actividades C.P. 3360, Luanda – Angola de interesse no âmbito do desenvolvimento do País. O jornal traz artigos categorizados nos seguintes grupos principais: Telefone 1. Redução da Pobreza e Economia +(244 2) 448371 / 77 / 66 2. Microfinanças 3. Mercado Informal Email 4. OGE investimens públicos e transparência cedoc.dwang@angonet.org 5. Governação descentralização e cidadania 6. Urbanismo e habitação Com apoio de 7. Terra NORAD, Embaixada da Noruega 8. Serviços básicos e LUPP (Programa de Redução 9. Género e Violência a Pobreza Urbana de Luanda) 10.
    [Show full text]
  • By Sister Mary Certrude Schuckman, S.P. a Thesis Submitted to The
    THE PLACE OIl CATHOLIC CULTURE IN THE Dl!."Vhl..OPMENT 0)' EAkLY INDIANA By Sister Mary Certrude Schuckman, S.P. A Thesis submitted to the Faculty of the Graduate School, Marquette University in Partial Fulfillment of the Require­ ments for the Degree of Master of Arts Milwaukee, Wisconsin January, 1952 PREFACE Recogaition of tbe lelislative assistance afforded territorial Indi­ ana and continued throup the inceptive phase of atatehood to the JIliddle of the nineteenth century is meticulously recorded in textbooks, mono­ graphs, and ltate reports. Occasional Mention or secondary acknowledg­ ment of the vitalizing influence of the Catholic Church durin« this peri­ od of development is unbiasedly proffered by some authors, but a minute survey of her beneficent service is not recorded. The purpose of the present study is to a.certain by _ana of c_par­ ison the mea lure of influence exerted by Catholic and civic groups in the acquisition of the dearee of culture embodied in educational facilities, literary endeavors, and benevolent organizations. The period chosen gives aaple evidence of tae Iradual intelration of old world and colonial American culture which ..de Indiana one of the first centers of civilization in the middlewest. The writer is sincerely grateful to Reverend Mother Marie Helene, Superior General of the Sister. of Providence, who bas permitted this in­ vestigation and shown a personal interest in its coapilation. She wishes also to thank Reverend Raphael N. Hamilton, S.J., for his direction and critical asaiatance, and Doctors Herbert W. Rice and Frank L. Kle.ent for their e.uraination of the manuscript.
    [Show full text]
  • Economic Analysis and Regulatory Principles
    ERG (09) 17 Report on Next Generation Access - Economic Analysis and Regulatory Principles June 2009 I ERG (09) 17 Table of contents List of figures III A Introduction 1 B Summary of Country Case Studies 3 C Economic Analysis in light of Factual NGA Developments 5 C.1 General principles 6 C.2 Business case studies 7 C.3 Regulatory implications of NGA economics 8 C.4 Economic and Social Value of NGA 10 D Analysis of Regulatory Decisions and Principles 11 D.1 Market definition and analysis 11 D.2 Access obligations and the ladder of investment 12 D.3 Price control measures including assessment of investment risk 15 D.4 Regulatory/Competition law treatment of joint projects 23 D.5 Symmetric regulation 23 D.6 Procedural steps during the migration period 25 E Overall assessment 30 Annex 1: NGA - Country Case Study Updates 34 Annex 2: Table on NGA Factual Development 188 Annex 3: Table of Price Control Measurements 203 Literature 207 II ERG (09) 17 List of figures Figure 1: NGA ladder of investment 14 III ERG (09) 17 A. Introduction This ERG Report “Next Generation Access – Economic Analysis and Regulatory Principles” is a follow up document of the October 2007 Common Position on NGA (ERG CP NGA)1 looking at the economic and regulatory analysis in light of ongoing roll-out, the draft NGA Recommen- dation and more recent economic studies including the ERG Statement on the development of NGN Access, ERG (08) 68, December 2008. It is a report examining the latest evidence on NGA roll-out strategies (including cable) as well as regulatory approaches being announced or implemented across Europe by ERG members since the adoption of the ERG CP NGA to ensure that the original conclusions remain valid and fit-for purpose for national regulators to follow and take account of the latest develop- ments.
    [Show full text]
  • Nn Hellas Rfp 2016 Nn/Ds/Digital Agency Selection
    NN HELLAS RFP 2016 NN/DS/DIGITAL AGENCY SELECTION 12/2016 COMPANY DATA Reprise media: Digital Marketing unit & member of IPG Mediabrands Short presentation OWNERSHIP: THE INTERPUBLIC GROUP (NYSE: IPG) IN CURRENT FORM IN GREECE SINCE 1995 WHOLLY OWNED, SOX COMPLIANT, TRANSPARENT IN 2014 ABSORBED “ALL THINGS WEB”, THE TOP DIGITAL MEDIA AGENCY CREATED BY DIMITRIS MANIATIS IN 2009 3 REPRISEMEDIA IS POWERED BY Humans Partners Experience Technology REPRISE MEDIA HUMANS Paid search experts + Organic search experts + Social media experts + Data & Analytics experts + Engineers + Digital account managers + Designers + Research = 21 diverse digital marketing experts & a world wide network REPRISE MEDIA EXPERIENCE Strong Google Partner & Yandex expert Direct relationship with Facebook REPRISE MEDIA EXPERIENCE 3 GOLD IAB MiXX Awards in 2015 Best Direct Response & Lead Generation Cross Media Integration Best Product Launch Most awarded agency in the competition! 4 Social Media Awards Silver – Best Social Media Strategy for Sales for Louis Cruises Bronze – Best Use of Instagram for YES! Hotels in 2014 & 2015 Bronze – Best Use of Social Media in the Travel/ Leisure industry for Celestyal Cruises Services PAID SEARCH, DISPLAY, VIDEO – PPC CAMPAIGN MANAGEMENT ORGANIC SEARCH – SEO (SEARCH ENGINE OPTIMIZATION) PAID SOCIAL SOCIAL CONTENT & COMMUNITY MANAGEMENT ANALYTICS & REPORTING EMAIL MARKETING CREATIVE PRODUCTION & COPYWRITING PROFESSIONAL SERVICES (DEVELOPMENT) COMPETITIVE REPORTING 8 CLIENT PORTFOLIO Indicative List of Clients BANK OF PIRAEUS MEDIAMARKT BDSWISS.COM FXTM.COM (FOREX TIME) ΑΒ VASILOPOULOS (AHOLD DELHAIZE GROUP) L’ OREAL GROUP JOHNSON & JOHNSON COSMOTE (JUMPING FISH & COSMOTETV) PEOPLEPERHOUR.COM LEASEPLAN DELIVERAS.GR 10 References Company Legal Name Contact Position Email Phone AB Βασιλόπουλος ΑΛΦΑ - ΒΗΤΑ ΒΑΣΙΛΟΠΟΥΛΟΣ Α.Ε.
    [Show full text]
  • GAİN Desteklenen TV Cihazları 1
    GAİN Desteklenen TV Cihazları Üretici Model adı Model kodu Ekran Boyutu 1&1 1&1 Puck diw362_1u1 1920x1080 1&1 DIW387-1&1 diw387_1u1 1920x1080 3BBTV TBBTV01 TBBTV01 1920x1080 A1 ADT-3 adt3 1920x1080 ACT ACT4K1007 IPBox 1920x1080 ALBADEEL B725U ikebukuro 1280x720 ALBADEEL B725050U samseong 1920x1080 ANAM ANAM seocho 1920x1080 ANDRINO Andrino bangbae 1920x1080 ASTECH Senegal tamachi 1280x720 ASTECH Senegal yeongdeungpo 1920x1080 AT&T AT&T TV c71kw200 1920x1080 AT&T AT&T TV c71kw400 1920x1080 AT&T AT&T TV c71kw400-4gb 1080x1920 AXSTV AXSTV130 SEI130PTS 1280x720 AXSTV AXSTV530 SEI530PTS 1920x1080 Aconatic Android TV R1 1280x720 Aconatic Android TV R2 1920x1080 Aconatic ACONATIC bangbae 1920x1080 Aeon CommunicationAE1020 (IN) AE1020 1920x1080 AirTV DV8535 DV8535 1920x1080 AirTV AirTV Mini kunlun 1920x1080 Airtel HP2707 AirtelOTTBox 1080x1920 Airtel SH960S-AT ganesa 1920x1080 Airtel XStream Smart Box hsw4026atl 1920x1080 Aiwa Aiwa KSTB6043 1920x1080 Aiwa AW-LED32G7K ikebukuro 1280x720 Aiwa AW-LED50X6FL samseong 1920x1080 Aiwa AIWA 2K TV shinagawa 1280x720 Aiwa AFL0065S sindorim 1920x1080 Akari AX-115ATV DV8035 1280x720 Akari AX-117ATV DV8219 1920x1080 1 Akino laoshan-Akino laoshan 1920x1080 Algar GIU6770 GIU6770 1920x1080 Alhafidh Android TV R1 1280x720 Alhafidh Android TV R2 1920x1080 AllView ALLVIEW 4K TV SW4H_FF 1920x1080 AllView ALLVIEW bangbae 1920x1080 AllView Allview komagome 1280x720 AllView Allview 2K TV shinagawa 1280x720 Alpha Alpha 43G7NUA samseong 1920x1080 Aminocom Amigo7x Amigo7x 1920x1080 Aminocom Amigo7xESP Amigo7xESP 1920x1080
    [Show full text]
  • Banco BPI 2008 This Page Was Intentionally Left Blank
    Banco BPI 2008 This page was intentionally left blank. Report This page was intentionally left blank. Index REPORT Leading business indicators 4 Introduction 6 Governing Bodies 11 Historical milestones 12 Highlights 14 The identity of BPI 16 Financial structure and business 17 Distribution channels 20 The BPI Brand 24 Social responsibility 27 Human resources 33 Technology 37 Background to operations 41 Domestic Commercial Banking 53 Bancassurance 72 Asset Management 73 Investment Banking 79 Private Equity 84 International Commercial Banking 85 Financial review 90 Risk management 143 Rating 177 Proposed appropriation of net profit 179 Final acknowledgements 180 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES Consolidated financial statements 181 Notes to the consolidated financial statements 191 Statement from the Board of Directors 316 Legal certification of accounts and audit report 317 Report and opinion of the Supervisory Board 319 THE BPI GROUP’S CORPORATE GOVERNANCE REPORT BPI Group’s Corporate Governance report 321 Appendices 422 ANNEXES Definitions, acronyms and abbreviations 444 Glossary 446 Formulary 449 Methodological notes 451 General index 452 Index of figures, tables, charts and “boxes” 456 Thematic index 458 Miscellaneous information 459 Leading business indicators (Consolidated figures in millions of euros, except where indicated otherwise) 2004 2005 2006 2007 2008 07/08 2008 07/08 Δ% adjusted1 Δ% Net total assets 24 010 30 159 35 565 40 546 43 003 6.1% Assets under management 2, F 9 671 14 339 15 184 15 884 12 665 (20.3%) Business
    [Show full text]
  • TO SURVIVE OR THRIVE? Domestic Payments Innovation in the Pandemic DOMESTICCONTENTS SCHEMES PROSPECTS
    DOMESTIC PAYMENT SCHEMES JURY 2021 TO SURVIVE OR THRIVE? Domestic Payments Innovation in the Pandemic DOMESTICCONTENTS SCHEMES PROSPECTS Forewords 03 Executive Summary 04 The Jury 06 The Changing World of Domestic Payments 07 Systemic Innovation 13 The Pandemic Strikes 15 Effect on Innovation 18 Future Prospects 20 Additional information 25 3 Domestic Payments Schemes Jury 2021 FOREWORDS It is great to see John Chaplin Many domestic payment systems are embracing these continuing to dedicate time innovations and setting themselves on a new trajectory. and effort to the Payment The recently issued G20 cross-border payments roadmap Innovation Jury and Chris also refers to the role that well-functioning domestic Hamilton now joining this effort. payment systems and their international linkages can have on improving cross-border payments. At the same This pandemic brought out in time this crisis has also challenged the domestic payment stark relief the fundamental systems in their ability to handle a rapid surge in usage, the role of digital payments in the effectiveness of their business continuity plans and ability functioning of the economy. A to handle increasing sophistication of cyber threats and recent McKinsey report showed social engineering attacks. that countries with greater adoption of digital payments, a well-functioning payments This edition discusses the dual theme of how the domestic market and good ID infrastructure were able to respond payment systems are handling the crisis and how they are to the crisis faster and with greater ambition. Regulators navigating the rapid shifts underway. I am sure the insights across the world took several measures to enable presented in this report will be useful for the various the smooth functioning and fostering usage of digital stakeholders following the developments in the domestic payments.
    [Show full text]
  • Report Annual 2015
    ANNUAL REPORT2015 ANNUAL REPORT MILLENNIUM ANGOLA 2015 CONTENTS ANNUAL REPORT2015 2015r"//6"-3&1035rContents 5 CONTENTS 5 Message of the Chief Executive Officer 6 Main Highlights 7 Key Indicators 8 Executive Committee 9 Shareholder Structure and Governing Bodies 10 Economic Environment 20 Regulatory Changes to the Financial System 24 Business Summary 38 Distribution Network 46 Financial Statements 51 Notes to the Financial Statements 93 Proposed Appropriation of Net Income 94 Independent Auditors' Report 96 Opinion of the Supervisory Board on the Account of 2015 #BODP.JMMFOOJVN"OHPMB 4" MESSAGE OF THE CHIEF EXECUTIVE OFFICER ANNUAL REPORT2015 2015r"//6"-3&1035r.FTTBHFPGUIF$IJFG&YFDVUJWF0GàDFS 7 MESSAGE OF THE CHIEF EXECUTIVE OFFICER Throughout 2015 and in the wake of the constraints of the economic context of 2014, the Angolan economy was severely affected by the sharply declining price of the barrel of oil in international markets and, consequently, by the lack of foreign currency to fund imports, on which Angola is heavily dependent. This scenario has made it very clear that there is an imperative need for economic diversification, in order to facilitate the business environment and attract direct investment towards other activity sectors, outside the petroleum sector, which shall boost the Angolan economy in the medium term. The fall in the price of oil significantly reduced fiscal revenue and the obtaining of foreign currency. This evolution particularly constrained private consumption and public investment, and contributed to the GDP growth rate having shifted from 4.8% in 2014, to 3.5% in 2015, according to IMF forecasts. In this environment, the kwanza devalued sharply and the inflation rate exceeded 14%, imposing the need for a more restrictive monetary policy.
    [Show full text]