DOCSLIB.ORG

True Potential

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
True Potential Annual Report 2013 Helping a Nation Realize its TRUE POTENTIAL ANNUAL REPORT 2013 I The Alexandria Stock Exchange, established in 1883, served as a hub of the city’s financial community and has been an engine of economic growth ever since. CONTENTS CIB: AN INTRODUCTION Our History 02 What We Do 02 A Snapshot Of Our Businesses 03 Key Financial Highlights 04 Key Facts 05 A Strategy that Delivers 06 Chairman’s Note 08 Board of Directors’ Report 10 2013 IN REVIEW Institutional Banking 22 Global Customer Relations 30 Consumer and Business Banking 32 COO Area 38 Risk Group 44 Compliance 52 Internal Audit 53 STRATEGic SUbsiDIARIES CI Capital Holding 56 Egypt Factors 58 Commercial International Life Insurance Company 59 CORPLEASE 59 Falcon Group 60 CORPORATE GOVERNANCE 64 EXECUTIVE MANAGEMENT 68 COMMUNITY DEVELOPMENT CIB Foundation 72 Sustainability at CIB 76 FINANciaL STATEMENTS 88 II ANNUAL REPORT 2013 ANNUAL REPORT 2013 1 CIB: AN INTRODUCTION CIB: AN INTRODUCTION A master-planned city, Port Said was—and is—home to beautifully designed buildings and grand promenades, lending an air of respectability to the commercial activity that allowed the city to thrive. OUR HISTORY WHAT WE DO A SNAPshOT OF OUR BUSINEssES CIB was established in 1975 as Chase National Bank, a joint Commercial International Bank (CIB) is the leading private Corporate Banking ment last year. We offer a wide array of consumer banking venture between Chase Manhattan Bank and National Bank sector bank in Egypt, offering a broad range of financial Widely recognized as the preeminent corporate bank in products, including: of Egypt (NBE). In 1987, Chase divested its ownership stake products and services to its customers, which include en- Egypt, CIB aspires to become one of the best banks in the • Personal Loans: Focusing on employees of our corpo- due to a shift in international strategy, and the stake was ac- terprises of all sizes, institutions, households and high-net- region, serving industry-leading corporate clients as well as rate banking clients and offering secured overdrafts and quired by NBE, at which point the Bank adopted the name worth (HNW) individuals. small and medium-sized businesses. trade products. Commercial International Bank. In addition to traditional asset and liability products, CIB of- • Auto Loans: Positioned to actively support this growing Over time, NBE decreased its participation in CIB, which fers wealth management, securitization, direct investment and Debt Capital Markets market in the coming years. eventually dropped to 19% in 2006, when a consortium led by treasury services, all delivered through client-centric teams. CIB’s global product knowledge, local expertise and capital re- • Deposit Accounts: Offering a wide range of account types Ripplewood Holdings acquired NBE’s remaining stake. In July The Bank also owns a number of subsidiaries, including CI sources make the Bank an industry leader in project finance, to serve our clients’ deposit and savings needs, including 2009, Actis, an emerging market private equity specialist, ac- Capital (which offers asset management, investment bank- syndicated loans and structured finance in Egypt. CIB’s project tailored accounts for minors, youth and senior citizens, quired 50% of the stake held by the Ripplewood Consortium. ing, brokerage and research services), Commercial Interna- finance and syndicated loans teams provide large borrowers with as well as certificates of deposit and care accounts. This is Five months later, in December 2009, Actis became the single tional Life Insurance Company, the Falcon Group, Egypt Fac- better market access and greater ease and speed of execution. in addition to our standard range of current, savings and largest shareholder in CIB with a 9.09% stake after Ripplewood tors, and CORPLEASE. time deposit accounts. sold its remaining share of 4.7% on the open market. The emer- CIB strives to provide clients with superior financial so- Global Transactional Services (GTS) • Residential Property Finance: Providing loans to fi- gence of Actis as the predominant shareholder marked a suc- lutions to meet all of their financial needs. This enables the The Global Transactional Services (GTS) Group serves as a nance home purchases, residential construction and re- cessful transition in the Bank’s strategic partnership. Bank to maintain its leadership position in the market, while key group within CIB and oversees cash management, trade furbishment and finishing. providing a stimulating work environment for staff and gen- and global securities services. • Credit and Debit Cards: Offering a broad range of credit, erating outstanding value for shareholders. debit and prepaid cards. Treasury and Capital Markets Services CIB delivers world class service in the areas of cash and Wealth Management liquidity management, capital markets, foreign exchange CIB offers a wide array of investment products and services and derivatives. to the largest number of affluent clients in Egypt. Direct Investment Investment Banking Services CIB actively participates in select direct investment opportu- Through CI Capital, CIB offers existing and prospective cli- nities in Egypt and across the region. ents a full suite of investment banking products and services, including investment banking, advisory and execution, asset Consumer Banking management, brokerage and equity research. CI Capital of- CIB recorded considerable growth in 2013 as it continued to fers both deep and broad market knowledge and expertise; build a full-service, world-class consumer bank, as under- the firm is consistently ranked as a leading brokerage house scored by the ability to serve clients in a challenging environ- serving local and international clients in Egypt. 2 ANNUAL REPORT 2013 ANNUAL REPORT 2013 3 CIB: AN INTRODUCTION CIB: AN INTRODUCTION KEY FINANCIAL HIGHLIGHTS KEY FACTS FY 13 FY 12 FY 11 FY 10 Consoli- Consoli- Consoli- Consoli- FY 13 FY 12 FY 11 FY 10 FY 09 FY 08 FY 07 FY 06 FY 05 dated dated dated dated Our #1 Bank in terms of: Common Share Information Per Share Earning Per Share (EPS) * 2.76 3.53 2.43 3 2.63 4.89 3.73 3.64 2.77 Dividends (DPS) 1.0 1.25 1 1 1.5 1 1 1 1 Book Value (BV/No of Share) 13.46 18.94 15.03 14.59 23.75 19.25 20.93 15.59 19.44 PROFItaBILITY Share Price (EGP)** 5,490 achieving High 45.4 39.8 47.4 79.49 59.7 93.4 95 79 63.5 employees serve some Low 27.4 21.1 18.5 33.75 29.5 27.87 53.61 42.11 39.91 571,407 active customers EGP 3 billion in net Closing 32.6 34.6 18.7 47.4 54.68 37.2 91.77 57.87 58.68 income Shares Outstanding 900.2 597.2 593.5 590.1 292.5 292.5 195 195 130 (millions) Market Capitalization 29,330 20,646 11,098 27,973 15,994 10,881 17,895 11,285 7,628 (EGP millions) Value Measures Price to Earnings Multiple (P/E) 11.8 9.8 7.7 15.8 20.8 7.6 24.6 15.9 21.2 Dividend Yield 3.07% 3.62% 5.35% 2.11% 2.74% 2.69% 1.09% 1.73% 2.60% REVenUE (based on closing share price) EGP Dividend Payout Ratio 34.4% 31.36% 33.90% 27.60% 24.60% 18.10% 15.80% 27.50% 21.30% among all Egyptian private Market Value to Book Value Ratio 2.42 1.83 1.24 3.25 2.3 1.93 4.39 3.71 3.02 sector banks with EGP 6.98 Financial Results (EGP millions) billion in total revenues Net Operating Income 6,976 5,344 3,934 3,952 6,482 5,108 3,837 3,727 3,173 3,200 2,288 1,741 1,450 bn Provision for Credit Losses - 916 610 321 6 916 610 321 6 9 346 193 176 197 113.8 Specific in total assets Provision for Credit Losses - 49 57 18 167 General Total Provisions 916 610 321 6 916 610 321 6 9 395 250 193 364 Net WORTH Non Interest Expense 1,884 1,653 1,557 1,562 1,727 1,445 1,337 1,188 1,041 950 636 668 474 Net Profits 3,006 2,226 1,615 2,021 2,615 2,203 1,749 2,141 1,784 1,615 1,233 802 610 among all Financial Measures Egyptian private 26.52% 30.93% 39.58% 39.52% 26.11% 28.29% 34.84% 31.87% 32.80% 29.69% 27.82% 38.38% 32.72% Cost : Income sector banks Return on Average Common 26.46% 22.79% 18.69% 28.66% 22.33% 21.77% 20.96% 30.47% 31.18% 36.31% 37.95% 31.58% 29.30% Equity (ROAE)*** Net Interest Margin (NII/average 5.36% 4.74% 3.71% 3.62% 3.81% 3.54% 3.12% 3.06% 3.50% interest earning assets) Return on Average Assets (ROAA) 2.89% 2.48% 2.01% 2.89% 2.51% 2.45% 2.18% 3.08% 2.94% 3.08% 2.90% 2.37% 2.09% Regular Workforce Headcount 5,490 5,181 4,867 4,755 5,193 4,867 4,517 4,360 4,162 3,809 3,132 2,477 2,301 90,725 Balance Sheet and Off Balance Internet banking subscribers Sheet Information (EGP millions) MARKet Cash Resources and Securities 16,413 16,140 18,990 16,325 16,646 16,764 19,821 16,854 16,125 14,473 21,573 13,061 10,537 CapItaLIZatION (Non Governmental) Net Loans and Acceptances 41,866 41,877 41,065 35,175 41,970 41,877 41,065 35,175 27,443 26,330 20,479 17,465 14,039 in the Egyptian banking Assets 113,607 94,014 85,506 75,425 113,752 94,405 85,628 75,093 64,063 57,128 47,664 37,422 30,390 sector Deposits 96,846 78,729 71,468 63,364 96,940 78,835 71,574 63,480 54,843 48,938 39,515 31,600 24,870 Common Shareholders Equity 11,960 10,822 8,712 8,567 12,115 11,311 8,921 8,609 6,946 5,631 4,081 3,040 2,527 Average Assets 103,782 89,760 80,480 69,840 104,079 90,017 80,361 69,578 60,595 52,396 42,543 33,906 29,183 Average Interest Earning Assets 94,672 80,063 70,913 62,007 94,605 79,834 70,549 61,624 53,431 44,602 36,603 29,277 25,619 Over Average Common Shareholders 11,362 9,767 8,640 7,800 11,713 10,116 8,765 7,777 6,288 4,856 3,560 2,784 2,325 Equity Balance Sheet Quality Measures LOAN AND DepOSIT Equity to Risk-Weighted Assets 17.07% 16.50% 15.79% 17.63% 17.29% 17.30% 16.11% 17.71% 17.01% 15.19% 13.70% 14.14% 13.83%
Load more

Recommended publications
  • Annual Report
    Annual Report 2006–2007 Group of Thirty 30 Group of Thirty, Washington, DC Copies of this paper are available from: Group of Thirty 1726 M Street, N.W., Suite 200 Washington, DC 20036 Tel.: (202) 331-2472, Fax (202) 785-9423 E-mail: [email protected] WWW: http://www.group30.org Annual Report 2006–2007 Published by Group of Thirty© Washington, DC 2008 Table of Contents I. Introduction ..................................................................................... 5 II. The Group of Thirty Membership ................................................... 7 III. The Work of the Group of Thirty in FY2006 and FY2007 ........... 13 Plenary Sessions .......................................................................... 13 International Banking Seminars ................................................. 13 Study Group Activities ................................................................ 14 Publications ................................................................................. 16 IV. The Finances of the Group .......................................................... 19 Annex 1. Past Membership of the Group of Thirty .......................... 31 Annex 2. Schedule of Meetings and Seminars: .............................. 33 Annex 3. International Banking Seminars ...................................... 35 Annex 4. Plenary Sessions ............................................................... 37 Annex 5. The Group of Thirty (G30) Study on Reinsurance and International Financial Markets ............................................
    [Show full text]
  • TAKARÉK SZÁRMAZTATOTT BEFEKTETÉSI ALAP Tájékoztató És Kezelési Szabályzat
    DIÓFA ALAPKEZELŐ ZRT. TAKARÉK SZÁRMAZTATOTT BEFEKTETÉSI ALAP Tájékoztató és Kezelési Szabályzat Közzététel időpontja: 2018. május. 2. Hatálybalépés időpontja: 2018. június 1. Tartalom Tájékoztató ...................................................................................................................................... 11 A Tájékoztatóban és Kezelési Szabályzatban használt fogalmak, rövidítések ...................................................11 I. A befektetési alapra vonatkozó információk .................................................................................................20 1. A befektetési alap alapadatai .............................................................................................................................20 1.1. A befektetési alap neve ..............................................................................................................................20 1.2. A befektetési alap rövid neve ....................................................................................................................20 1.3. A befektetési alap székhelye ......................................................................................................................20 1.4. A befektetési alapkezelő neve ...................................................................................................................20 1.5. A letétkezelő neve .......................................................................................................................................20 1.6. A forgalmazó
    [Show full text]
  • Bad Bank Resolutions and Bank Lending by Michael Brei, Leonardo Gambacorta, Marcella Lucchetta and Bruno Maria Parigi
    BIS Working Papers No 837 Bad bank resolutions and bank lending by Michael Brei, Leonardo Gambacorta, Marcella Lucchetta and Bruno Maria Parigi Monetary and Economic Department January 2020 JEL classification: E44, G01, G21 Keywords: bad banks, resolutions, lending, non-performing loans, rescue packages, recapitalisations BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank. The papers are on subjects of topical interest and are technical in character. The views expressed in them are those of their authors and not necessarily the views of the BIS. This publication is available on the BIS website (www.bis.org). © Bank for International Settlements 2020. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISSN 1020-0959 (print) ISSN 1682-7678 (online) Bad bank resolutions and bank lending Michael Brei∗, Leonardo Gambacorta♦, Marcella Lucchetta♠ and Bruno Maria Parigi♣ Abstract The paper investigates whether impaired asset segregation tools, otherwise known as bad banks, and recapitalisation lead to a recovery in the originating banks’ lending and a reduction in non-performing loans (NPLs). Results are based on a novel data set covering 135 banks from 15 European banking systems over the period 2000–16. The main finding is that bad bank segregations are effective in cleaning up balance sheets and promoting bank lending only if they combine recapitalisation with asset segregation. Used in isolation, neither tool will suffice to spur lending and reduce future NPLs. Exploiting the heterogeneity in asset segregation events, we find that asset segregation is more effective when: (i) asset purchases are funded privately; (ii) smaller shares of the originating bank’s assets are segregated; and (iii) asset segregation occurs in countries with more efficient legal systems.
    [Show full text]
  • Building the #1 Bank in Europe on Solid Fundamentals and Values
    Building the #1 Bank in Europe on Solid Fundamentals and Values A Strong Bank for ISP 2018-2021 Business Plan a Digital World February 6, 2018 MIL-BVA362-03032014-90141/VR Disclaimer This presentation includes certain forward looking statements, projections, objectives and estimates reflecting the current views of the management of the Company with respect to future events. Forward looking statements, projections, objectives, estimates and forecasts are generally identifiable by the use of the words “may,” “will,” “should,” “plan,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “project,” “goal” or “target” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts, including, without limitation, those regarding the Company’s future financial position and results of operations, strategy, plans, objectives, goals and targets and future developments in the markets where the Company participates or is seeking to participate. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements as a prediction of actual results. The Group’s ability to achieve its projected objectives or results is dependent on many factors which are outside management’s control. Actual results may differ materially from (and be more negative than) those projected or implied in the forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results and is based on certain key assumptions. All forward-looking statements included herein are based on information available to the Company as of the date hereof.
    [Show full text]
  • Updated As of 01/06/2017 Changes Highlighted in Yellow
    NEW QUARTER TOTAL PDship per Previous Quarter Firm Legal Entity Holding Dealership AT BE BG CZ DE DK ES FI FR GR HU IE IT LV LT NL PL PT RO SE SI SK UK Current Quarter Changes Bank March 2016) ABLV Bank ABLV Bank, AS 1 bank customer bank customer 0 Abanka Vipa Abanka Vipa d.d. 1 bank customer bank customer 0 ABN Amro ABN Amro Bank N.V. 3 bank inter dealer bank inter dealer 0 Alpha Bank Alpha Bank S.A. 1 bank customer bank customer 0 Allianz Group Allianz Bank Bulgaria AD 1 bank customer bank customer 0 Banca IMI Banca IMI S.p.A. 3 bank inter dealer bank inter dealer 0 Banca Transilvania Banca Transilvania 1 bank customer bank customer 0 Banco BPI Banco BPI + 1 bank customer bank customer 0 Banco Comercial Português Millenniumbcp + 1 bank customer bank customer 0 Banco Cooperativo Español Banco Cooperativo Español S.A. + 1 bank customer bank customer 0 Banco Santander S.A. + Banco Santander / Santander Group Santander Global Banking & Markets UK 6 bank inter dealer bank inter dealer 0 Bank Zachodni WBK S.A. Bank Millennium Bank Millennium S.A. 1 bank customer bank customer 0 Bankhaus Lampe Bankhaus Lampe KG 1 bank customer bank customer 0 Bankia Bankia S.A.U. 1 bank customer bank customer 0 Bankinter Bankinter S.A. 1 bank customer bank customer 0 Bank of America Merrill Lynch Merrill Lynch International 9 bank inter dealer bank inter dealer 0 Barclays Barclays Bank PLC + 17 bank inter dealer bank inter dealer 0 Bayerische Landesbank Bayerische Landesbank 1 bank customer bank customer 0 BAWAG P.S.K.
    [Show full text]
  • List of Market Makers and Authorised Primary Dealers Who Are Using the Exemption Under the Regulation on Short Selling and Credit Default Swaps
    Last update 11 August 2021 List of market makers and authorised primary dealers who are using the exemption under the Regulation on short selling and credit default swaps According to Article 17(13) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (the SSR), ESMA shall publish and keep up to date on its website a list of market makers and authorised primary dealers who are using the exemption under the Short Selling Regulation (SSR). The data provided in this list have been compiled from notifications of Member States’ competent authorities to ESMA under Article 17(12) of the SSR. Among the EEA countries, the SSR is applicable in Norway as of 1 January 2017. It will be applicable in the other EEA countries (Iceland and Liechtenstein) upon implementation of the Regulation under the EEA agreement. Austria Italy Belgium Latvia Bulgaria Lithuania Croatia Luxembourg Cyprus Malta Czech Republic The Netherlands Denmark Norway Estonia Poland Finland Portugal France Romania Germany Slovakia Greece Slovenia Hungary Spain Ireland Sweden Last update 11 August 2021 Austria Market makers Name of the notifying Name of the informing CA: ID code* (e.g. BIC): person: FMA ERSTE GROUP BANK AG GIBAATWW FMA OBERBANK AG OBKLAT2L FMA RAIFFEISEN CENTROBANK AG CENBATWW Authorised primary dealers Name of the informing CA: Name of the notifying person: ID code* (e.g. BIC): FMA BARCLAYS BANK PLC BARCGB22 BAWAG P.S.K. BANK FÜR ARBEIT UND WIRTSCHAFT FMA BAWAATWW UND ÖSTERREICHISCHE POSTSPARKASSE AG FMA BNP PARIBAS S.A.
    [Show full text]
  • Credit Agricole SA’S Var (99% - 1 Day) Is Computed Into Account the Impact of Diversification Between the Group’S Various Entities
    WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY FEBRUARY 2021 CREDIT UPDATE Disclaimer This document has been prepared by Crédit Agricole S.A. on the basis of proprietary information and is available on its website (https://www.credit-agricole.com/finance/finance/espace- investisseurs/dette). It may not be reproduced by any person, or be forwarded or distributed to any person unless so authorised by Crédit Agricole S.A.. Failure to comply with this directive may result in a violation of applicable laws. None of Crédit Agricole S.A. or its affiliates, advisers, dealers or representatives takes any responsibility for the use of these materials by any person. This document does not constitute regulated financial information on Crédit Agricole S.A. and Crédit Agricole Group. Regulatory financial information comprises the periodic financial results presentations, the financial reports, the registration document and the updates thereto, which are available on Crédit Agricole S.A.’s website (https://www.credit- agricole.com/en/finance/finance/financial-publications). Some of, but not all, the data presented in this document is derived from the aforementioned regulatory financial information. Save for the data that has been directly extracted from publications which have been reviewed by the Statutory auditors of Crédit Agricole S.A., the information contained in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of Crédit Agricole S.A. or its affiliates, advisers, dealers or representatives, or any other person, shall have any liability whatsoever (in negligence or otherwise) for any loss arising from any use of this document or its contents or otherwise arising in connection with this document.
    [Show full text]
  • Press Release
    PRESS RELEASE 25 February 2020 Public Joint Stock Company “Mining and Metallurgical Company “NORILSK NICKEL” (PJSC “MMC “Norilsk Nickel”, “Nornickel” or the “Company”) NORNICKEL SIGNED A SYNDICATED LOAN FACILITY AGREEMENT FOR UP TO USD 4,150 MILLION Moscow - On 20th of February 2020 PJSC MMC Norilsk Nickel signed an agreement to amend the terms and conditions of the existing syndicated loan facility signed in December 2017 with a group of international banks in the amount of USD 2,500 million, increasing the funding limit to USD 4,150 million, while reducing the interest rate and significantly increasing the loan maturity. Taking advantage of the prevailing favorable market conditions, the company achieved advantageous terms for its syndicated loan, which generated significant demand from a number of American, European and Asian banks. The funds will be used by Nornickel during the availability period until the 4th quarter of 2020 to refinance the company’s current debt, as well as to finance capital expenditure and for general corporate purposes. Sergey Malyshev, a Senior Vice President and Chief Financial Officer of Nornickel commented: “The new syndicated facility will allow to continue further optimization of the company's debt portfolio by eliminating refinancing risk and lowering the average cost of funds. One of the advantages of this loan is a structure consisting of several tranches, which allows refinancing of the existing USD 2.5 billion of debt and provides a guaranteed source of competitive funding to repay Norilsk Nickel's debt, including the issue of Eurobonds due in October 2020 and the financing of the company’s investment program.
    [Show full text]
  • Debt Restructuring and NPL Resolution Workshop
    Debt Restructuring and NPL Resolution Workshop Magyar Nemzeti Bank 3 March 2015, Budapest Organised by Magyar Nemzeti Bank and European Bank for Reconstruction and Development Participant List Name Position Organisation Adastra Business Josef Rajko Engagement Manager Consulting Marton Eorsi Associate Allen&Overy Károly Fóti Counsel Allen&Overy Csilla Győri Associate Allen&Overy Andrew MacCallum Managing Director Alvarez and Marsal Ajay Rawal Managing Director Alvarez and Marsal Association of Andras Botos Secretary General Hungarian Mortgage Banks Plavcic Ilija Managing Director for CEE B2 Kapital Director CEEMEA Credit Bank of America Watt Simon Trading and Structuring Merrill Lynch Andrea Zanotti Analyst Bank of Italy Banking Head of Corporate Adrienn Berta Association/CIB Collection Bank Hungary Banking Zoltán Csordás Director Association/CIB Bank Hungary Banking Senior Credit Restructuring Bianka Pósa Association/Erste Manager Bank Hungary Nyrt. Prabby Mann Analyst BlackRock Solutions Jerome Finkel Director BlackRock Solutions Head of Workout Legal Gabor Barna CIB Bank Ltd. Services Head of Corporate Adrienn Berta CIB Bank Ltd. Collection Pal Simák Chairman and CEO CIB Bank Ltd. CMS Cameron Erika Papp Partner Mckenna LLp Vice President Head of Dmitry Zadvornov DDM Group AG origination Balázs Bíró Director, Advisory Deloitte Jonathan Daniel Director Deloitte Albert Marton Manager Deloitte Senior Banker, EBRD Elena Dimanina Restructuring, M&S Noel Edison Director, Financial EBRD Institutions Anna Engström Consultant EBRD Michalis Senior
    [Show full text]
  • CIB BANK LTD. and Its Subsidiaries
    CIB BANK LTD. and its subsidiaries Consolidated financial statements prepared in accordance with International Financial Reporting Standards as adopted by EU for the year ended 31 December 2019 with the report of the Independent Auditor CIB Bank Ltd. and its subsidiaries Contents of the consolidated financial statement for the year ended 31 December Contents Report of the independent auditor Consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2019 Consolidated statement of financial position as at 31 December 2019 Consolidated statement of changes in shareholders’ equity for the year ended 31 December 2019 Consolidated statement of cash flow for the year ended 31 December 2019 Notes to the consolidated financial statements Part A – Accounting policies Note (1) Corporate information Note (2) Statement of compliance Note (3) Basis of measurement and consolidation Note (4) Changes in accounting policies and disclosures Note (5) Significant accounting policies 5.1 Foreign currency transactions 5.2 Financial instruments 5.2.1 Date of recognition 5.2.2 Initial measurement 5.2.3 Measurement categories of financial assets and liabilities 5.2.4 Business model assessment 5.2.5 The SPPI test 5.2.6 Fair values 5.2.7 Loans to banks 5.2.8 Loans to customers 5.2.9 Derivatives financial instruments and hedge accounting 5.2.10 Debt securities at FVOCI 5.2.11 Equity instruments at FVOCI 5.2.12 Deposits from bank and customers 5.2.13 Financial assets at fair value through profit or loss 5.2.14 Financial assets measured mandatorily at fair value through profit or loss 5.2.15 Derecognition of financial instruments 5.2.16 Impairment of financial assets 5.2.17 Offsetting financial assets and liabilities 5.3 Cash and cash equivalents 5.4 Securities lending and borrowing 5.5 Repurchase and reverse repurchase agreements 5.6 Finance lease receivables 5.7 Intangible assets, property, and equipment 2 CIB Bank Ltd.
    [Show full text]
  • Unicreditgroup.Eu ENVIRONMENTAL IMPACT CALCULATOR by Choosing to Print the Supplement to the 2015 Integrated Report on 100% Recycled and Ecolabel Certifi Ed (No
    2015 Integrated Report Supplement unicreditgroup.eu ENVIRONMENTAL IMPACT CALCULATOR By choosing to print the Supplement to the 2015 Integrated Report on 100% recycled and Ecolabel certifi ed (no. FR/011/003) paper, UniCredit has avoided: 47 kg 7 kg CO2e of landfill greenhouse gases 973 90 KWh 76 kg litres of water of energy of wood This document is a supplement to UniCredit Integrated Report Source: Carbon footprint data evaluated by Labelia Conseil in accordance with the Bilan Carbone® methodology. Calculations are based on a comparison between the recycled paper used versus a virgin fibre paper according to the latest European BREF data (virgin fibre paper) available. Results are obtained according to technical as of December 31, 2015 that ensures coverage of the indicators and quantitative information and subject to modification. data required by GRI Guidelines (version G4). Supplement - Index Introduction Determination and distribution of Value Added 2 Main partnerships and affiliations 4 Selection of 2015 awards 8 Our Purpose & Identity Governance 10 Risk Management and Compliance 22 Our Business Environment Stakeholder Engagement 40 Our Sustainable Strategy Human Capital 42 Social and Relationship Capital 58 Natural Capital 66 UniCredit • 2015 Integrated Report 1 OUR PURPOSE OUR BUSINESS OUR SUSTAINABLE INTRODUCTION & IDENTITY ENVIRONMENT STRATEGY Determination Main Selection and distribution partnerships of 2015 Determination and distribution of Value Added of Value Added and affiliations awards (€/000) Item 2015 2014 Item 2015
    [Show full text]
  • Euroclear Bank Participants List
    Euroclear Bank Participants List Participant Name BIC Code Participant Code AARGAUISCHE KANTONALBANK KBAGCH22XXX 92304 AB SVENSK EXPORTKREDIT SEKXSESSXXX 97147 ABAXBANK SPA ICBBITMMXXX 27431 ABBEY NATIONAL TREASURY SERVICES PL ANTSGB2LXXX 21391 ABBEY NATIONAL TREASURY SERVICES PL ANTSGB2LXXX 24587 ABBEY NATIONAL TREASURY SERVICES PL ANTSGB2LXXX 90281 ABLV BANK AS AIZKLV22XXX 18576 ABN AMRO BANK (SWITZERLAND) AG UBPGCHZ8XXX 12180 ABN AMRO BANK N.V. (FORMERLY FBN) FTSBNL2RXXX 12826 ABN AMRO BANK N.V. (FORMERLY FBN) FTSBNL2RXXX 12827 ABN AMRO BANK NV ABNAJESHXXX 13030 ABN AMRO BANK NV ABNANL2AXXX 90105 ABN AMRO BANK NV, RODERVELTLAAN ABNABE2AIPCXXX 93170 ABN AMRO GLOBAL CUSTODY NV n.a. 21900 ABN AMRO GLOBAL CUSTODY NV n.a. 24936 ABN AMRO GLOBAL CUSTODY SERVICES N. FTSBNL2RXXX 10937 ABN AMRO GLOBAL CUSTODY SERVICES N. FTSBNL2RXXX 11963 ABN AMRO GLOBAL CUSTODY SERVICES N. FTSBNL2RXXX 14447 ABN AMRO GLOBAL CUSTODY SERVICES N. FTSBNL2RXXX 14448 ABN AMRO GLOBAL CUSTODY SERVICES N. FTSBNL2RXXX 94763 ABN AMRO GLOBAL CUSTODY SERVICES N. FTSBNL2RXXX 97465 ABSA BANK LTD ABSAZAJJXXX 18440 ABU DHABI COMMERCIAL BANK PJSC ADCBAEAATRYXXX 15438 ABU DHABI INVESTMENT COMPANY ADICAEAAXXX 93301 ADAM & COMPANY PLC ADAGGB2SXXX 13446 ADAM & COMPANY PLC ADAGGB2SXXX 13458 ADAM & COMPANY PLC ADAGGB2SXXX 13460 1 ADAM & COMPANY PLC ADAGGB2SXXX 13504 ADAM & COMPANY PLC ADAGGB2SXXX 13576 ADAM & COMPANY PLC ADAGGB2SXXX 13638 ADAM & COMPANY PLC ADAGGB2SXXX 13641 ADAM & COMPANY PLC ADAGGB2SXXX 13646 ADM INVESTOR SERVICES INTERNATIONAL n.a. 10123 AFRICAN DEVELOPMENT BANK
    [Show full text]