DOCSLIB.ORG

The Leading Force in Spanish Retail Banking

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Leading Force in Spanish Retail Banking CaixaBank - the leading force in Spanish retail banking Corporate presentation February 2013 Disclaimer The purpose of this presentation is purely informative and the information contained herein is subject to, and must be read in conjunction with, all other publicly available information. In particular, regarding the data provided by third parties, neither CaixaBank, S.A. (“CaixaBank”), nor any of its administrators, directors or employees, is obliged, either explicitly or implicitly, to vouch that these contents are exact, accurate, comprehensive or complete, nor to keep them updated, nor to correct them in the case that any deficiency, error or omission were to be detected. Moreover, in reproducing these contents in any medium, CaixaBank may introduce any changes it deems suitable, may omit partially or completely any of the elements of this document, and in case of any deviation between such a version and this one, assumes no liability for any discrepancy. This document has at no time been submitted to the Comisión Nacional del Mercado de Valores (CNMV – the Spanish Stock Markets regulatory body) for approval or scrutiny. In all cases its contents are regulated by the Spanish law applicable at time of writing, and it is not addressed to any person or legal entity located in any other jurisdiction. For this reason it may not necessarily comply with the prevailing norms or legal requisites as required in other jurisdictions. CaixaBank cautions that this presentation might contain forward-looking statements. While these statements represent our judgment and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. Statements as to historical performance, historical share price or financial accretion are not intended to mean that future performance, future share price or future earnings for any period will necessarily match or exceed those of any prior year. Nothing in this presentation should be construed as a profit forecast. This presentation on no account should be construed as a service of financial analysis or advice, nor does it aim to offer any kind of financial product or service. In particular, it is expressly remarked here that no information herein contained should be taken as a guarantee of future performance or results. In making this presentation available, CaixaBank gives no advice and makes no recommendation to buy, sell or otherwise deal in CaixaBank shares, or any other securities or investment whatsoever. Any person at any time acquiring securities must do so only on the basis of such person’s own judgment as to the merits or the suitability of the securities for its purpose and only on such information as is contained in such public information having taken all such professional or other advice as it considers necessary or appropriate in the circumstances and not in reliance on the information contained in this presentation. Without prejudice to legal requirements, or to any limitations imposed by CaixaBank that may be applicable, permission is hereby expressly refused for any type of use or exploitation of the contents of this presentation, and for any use of the signs, trademarks and logotypes which it contains. This prohibition extends to any kind of reproduction, distribution, transmission to third parties, public communication or conversion into any other medium, for commercial purposes, without the previous express permission of CaixaBank and/or other respective proprietary title holders. Any failure to observe this restriction may constitute a legal offence which may be sanctioned by the prevailing laws in such cases. In so far as it relates to results from investments, this financial information from the CaixaBank Group for FY12 has been prepared mainly on the basis of estimates. 2 CaixaBank 1. CaixaBank overview p. 3 2. Update on acquisitions p. 6 3. The leading force in Spanish retail banking p. 9 4. International banking p. 23 5. Investment diversification p. 27 6. Solid balance sheet p. 29 7. FY12 Results p. 43 8. Strategy & Macro outlook p. 52 9. Final remarks p. 55 10. Appendices p. 57 3 1. CaixaBank overview “la Caixa” Group reorganization - CaixaBank began operations on 1st of July 2011 Former structure Current structure Welfare Banking Business Welfare (including real Projects Projects estate assets) ~ 63%1 100% 79.5% BV2: €23.4 bn (former Criteria, Listed) (Unlisted) (listed) Other industrial Retail Banking & Insurance Insurance companies portfolio International Banking Legacy Real Estate International Banking portfolio portfolio business Industrial portfolio Repsol + Telefonica Identical core-businesses with a more efficient capital structure (1) Including conversion of mandatory convertible bonds I/2011, I/2012 and series B and C of the mandatory convertible bond issued by Banca Cívica (considering the closing price as of 31/12/12 of 2.637 euros). (2) Shareholders equity plus mandatory convertible and/or exchangeable Banca Cívica subordinated bonds classified as subordinated liabilities as of end December 2012. 4 1. CaixaBank overview CaixaBank at a glance . The leading retail franchise in Spain; listed since 1st July 2011 A flagship institution . Competitive position reinforced by acquisitions (BCIV and BdV) . Loans: €223.4 bn . Customer funds: €288.6 bn . ~13 million customers serviced by a segmented business model Ranked 1st in retail . More than 1 out of 5 Spaniards have CaixaBank as their main banking relationship banking in Spain . Multi-channel platform: branches (~6,300); ATMs (~9,500); leader in online and mobile banking . Excellence in customer service and highly-rated brand . Sound risk profile NPL ratio 8.62%; better than sector average (11.38% Nov’12) . Coverage ratio of 60% . Comfortable liquidity position: €53.1 bn Robust financial . Solid capital base: core capital of 11.0% (BIS II) metrics . EBA Core Tier 1 reaches 10.4% 5 As of December 2012 CaixaBank 1. CaixaBank overview 2. Update on acquisitions 3. The leading force in Spanish retail banking 4. International banking 5. Investment diversification 6. Solid balance sheet 7. FY12 Results 8. Strategy & Macro outlook 9. Final remarks 10. Appendices 6 2. Update on acquisitions Execution of M&A transactions is being carried out according to plan 3 Aug 20 Oct 27 Nov 15 Dec Feb Mar Apr Jul • Merger • CAN • CajaSol • Caja • Caja Burgos registration systems systems Canarias systems integration integration systems integration • Operational 9 months integration integration • Acquisition • Closing • I.T. agreement integration 8 months1 . Execution of BCIV IT integrations on track: BCIV integration: 83.4% of 4,400 planned activities • CAN and CajaSol completed. Final IT integration expected have been completed by April’13. BdV acquisition to be managed in parallel with BCIV’s: 83.4% • Closing expected at the end of February (1st January 77.0% 70.9% 92.2% accounting integration) 66.2% 60.4% 81.1% 74.5% • Pre-merger integration committees already in place 68.2% 63.3% 43.4% 58.9% . Strict management of the incorporated franchises: • 27.0% Remapping of sales organization to fit client presence 39.1% • Application of CABK standards from day one, focusing on 24.4% Planned Real profitability and implementation of credit monitoring and recovery procedures Apr-12 Jul-12 Aug-12 Sep-12 Oct-12 Dec-12 Jan-13 Mar-13 7 (1) Estimate of calendar assuming BdV transaction is authorized at expected milestones by all the relevant authorities 2. Update on acquisitions Update on BCIV Financial Impacts . 2012 cost synergies 91% above initial target 191% of 540 Cost synergies being . Measures taken imply 40% achievement of target executed ahead of €540 M cost savings target 270 schedule . €757 M gross restructuring costs already 104 booked1 54 2012 2013E 2014E Reduction in branch network . BCIV branch network optimisation to speed Reorganisation of up following IT integrations, so as to Sept’12 6,631 branch network minimise impact on clients: accelerated Reorganization of CAN network started in Dec’12 6,342 4Q’12 Mar’13 E ~6,000 . Additional fair value adjustments on BCIV loan book and foreclosed assets due Further fair value to the more granular information obtained post IT integrations adjustments on additional granularity Initial Fair Value Additional adjustments Total Fair Value adjustments adjustments €700 M €3,988 M (€450 M loan book, €250 M (€3,668 M loan book, €882 M €3,288 M Foreclosed assets €-562 M other) Foreclosed assets) 8 (1) Of which €512 M have been booked against reserves and €62 M have been included as CapEx for the period CaixaBank 1. CaixaBank overview 2. Update on acquisitions 3. The leading force in Spanish retail banking 4. International banking 5. Investment diversification 6. Solid balance sheet 7. FY12 Results 8. Strategy & Macro outlook 9. Final remarks 10. Appendices 9 3. The leading force in Spanish retail banking The leading retail franchise in Spain Segmented business model sustained by high quality growth ~13 million . Business volume breakdown1: customers As of June 2012 A specialized Wealth Corporate Banking network (2008) Banking 10 200 Corporate Banking Private Business Banking Banking 0.5 9 Business Banking 10% Specialized Affluent SME 8% managers (2009) Banking Banking SME Banking 5% 0.1 1 47% Private Banking2 10% Retail banking (the main pillar) Affluent Banking 20% Individuals Companies (assets managed range, million €) (turnover range, million €) Retail Banking (1) Loans + assets under management (2) Including Wealth Banking 10 3. The leading force in Spanish retail banking Focused on success in critical retail metrics Customer Direct deposit Direct deposit penetration of salaries of pensions 1st 1st 1st 19.9% 21.0% 26.1% 20.3% 20.0% 15.9% 13.6% 14.4% 15.1% 12.3% 12.6% 13.8% 14.1% 14.8% 15.7% 12.5% 12.8% 2006 2011 1H12 06 07 08 09 10 11 2012* 06 07 08 09 10 11 2012* .
Load more

Recommended publications
  • Informe Bancario Anual
    Anexo 5 - Informe bancario anual En cumplimiento de lo dispuesto en el artículo 87 de la Ley 10/2014, de 26 de junio, de ordenación, supervisión y solvencia de entidades de crédito, a partir del 1 de julio de 2014 las entidades de crédito tendrán la obligación de publicar por primera vez, especificando por países donde estén establecidas, determinada información en base consolidada correspondiente al último ejercicio cerrado: En virtud de lo expuesto, se detalla a continuación la información requerida: a) Denominación, naturaleza y ubicación geográfica de la actividad CaixaBank, SA, con NIF A08663619 y domicilio social en Barcelona, Avenida Diagonal, 621, es la entidad surgida del proceso de transformación de Criteria CaixaCorp, SA que culminó con la inscripción de CaixaBank en el Registro de Bancos y Banqueros del Banco de España el día 30 de junio de 2011, y el inicio de su cotización en bolsa, ya como entidad de crédito, desde el día siguiente, 1 de julio de 2011. Asimismo, CaixaBank es el banco a través del cual la Caja de Ahorros y Pensiones de Barcelona ”la Caixa” ejercía su actividad como entidad de crédito de forma indirecta de acuerdo con sus estatutos. En el marco de la entrada en vigor de la Ley 26/2013, de 27 de diciembre de cajas de ahorros y fundaciones bancarias, la Asamblea General Ordinaria de ”la Caixa” aprobó en su reunión celebrada el 22 de mayo de 2014 llevar a cabo la transformación de ”la Caixa” en Fundación Bancaria (en adelante, la Fundación Bancaria ”la Caixa”), que se hizo efectiva el 16 de junio mediante la inscripción en el Registro de Fundaciones.
    [Show full text]
  • Evolución De Los Principales Grupos Bancarios Españoles (2009-2021)
    Evolución de los principales grupos bancarios españoles (2009-2021) Intervenida por BE (sustitución de administadores) Capital controlado por el FROB Integración SIP Constitución del banco 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Integration processes I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Santander Santander Banco Popular Banco Popular Banco Pastor BBVA Caixa Sabadell BBVA Caixa Terrasa Unnim Unnim Banc Caixa Manlleu BBVA Caixa Catalunya Caixa Tarragona Catalunya Caixa Catalunya Banc CX Caixa Manresa La Caixa Caixa Girona La Caixa Caixabank Caja Sol Caja Guadalajara Caja Sol Caixabank Caja Navarra Banca Cívica Caja Burgos Banca Cívica Caixabank Caja Canarias Banco de Valencia Banco de Valencia Caja Madrid Bancaja Caixabank Caja de Ávila Caja Segovia BFA-Bankia Caja La Rioja Caixa Laietana Caja Insular de Canarias Bankia Caja Murcia Caixa Penedés Caja Granada Mare Nostrum Banco Mare Nostrum BMN Sa Nostra Banco Sabadell Banco Guipuzcoano Banco Sabadell Banco Sabadell Caja de Ahorros del Mediterráneo CAM Banco CAM Banco Sabadell Banco Gallego (Grupo NCG) Banco Gallego Bankinter Bankinter Unicaja Caja Jaén Unicaja Unicaja Banco Caja Duero Unicaja Banco Caja España Caja España de Inversiones Banco CEISS Cajastur Unicaja CCM CCM Cajastur Banco Caja Cantabria Liberbank Liberbank Caja Extremadura Caja de Ahorros Inmaculada CAI Caja Círculo Católico de Burgos Caja 3 Banco Grupo Caja 3 Caja Badajoz Ibercaja Banco Ibercaja Ibercaja Banco Kutxa Caja Vital BBK BBK Kutxabank Kutxabank CajaSur CajaSur Banco Etcheverría Caixa Galicia Abanca Caixa Nova Novacaixagalicia NCGBanco Evo Banco C.R.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • Outlooks on Five Spanish Financial Groups and Three European Bank Branches Revised Following Outlook Revision on Spain
    Outlooks On Five Spanish Financial Groups And Three European Bank Branches Revised Following Outlook Revision On Spain Primary Credit Analyst: Elena Iparraguirre, Madrid (34) 91-389-6963; [email protected] Secondary Contacts: Luigi Motti, Madrid (34) 91-788-7234; [email protected] Carlos Cobo, Madrid +34 91 788 72 32; [email protected] Fabio Mostacci, Madrid +34 91 788 72 09; [email protected] Alexander Ekbom, Stockholm (46) 8-440-5911; [email protected] Nigel Greenwood, London (44) 20-7176-7211; [email protected] Thierry Grunspan, Paris (33) 1-4420-6739; [email protected] E.Robert Hansen, CFA, New York (1) 212-438-7402; [email protected] • On Nov. 29, 2013, Standard & Poor's revised the outlook on the long-term sovereign credit rating on Spain to stable from negative. • Spanish banks continue to rebalance their funding profiles. They are reducing their reliance on funding from the ECB and foreign sources, increasing the weight of more stable domestic retail funding in the mix, and sharply reducing the cost of domestic deposits. We expect this trend to continue, particularly in the context of stabilizing sovereign creditworthiness. • We now see a stable trend for industry risk in Spain. We continue to view the trend for economic risk as stable. • We are revising to stable from negative the outlooks on four Spanish banking groups and three branches of European banks, and to positive from stable the outlook on one institution. We are maintaining negative outlooks on six other Spanish banking groups. • In three cases, the stable outlooks reflect the diminishing likelihood of a rating downgrade as risks in the operating environment in Spain are abating.
    [Show full text]
  • Order Execution Policy
    ORDER EXECUTION POLICY 1. Introduction 2. Scope of the policy 3. Application 4. Specific aspects 5. Specific client instructions 6. Execution venues 7. Selection of brokers 8. Records of orders 9. Information to clients 10. Review and assessment of the policy ORDER EXECUTION POLICY 1. INTRODUCTION The law No. 14/2010 relating to the legal regime for banking institutions and the basic administrative regime for entities operating in the financial system sets out the requirements to be complied with by banking institutions when providing organisational and functional investment services for the purpose of protecting the interests of investors. This law sets out the principles laid down in Directive 2004/39/EC of the European Parliament and Council of 21 April 2004, known as "MiFID", relating to financial markets, which sets out the best banking practices through the implementation of steps for the protection of investors. The law also regulates the activities undertaken by financial institutions in relation to investment instruments to ensure that they take all reasonable steps to obtain the best possible result for their clients’ transactions, subject to and taking into account price, the cost of execution, execution speed and the likelihood of executing and settling the order, the size and nature of the order, and any other aspects that may be deemed relevant to the execution of the order. This document summarises the steps that have been taken by Crèdit Andorrà (hereinafter referred to as the "Institution") in relation to the execution of its clients’ orders and which constitute the execution policy of the Institution. 2. SCOPE OF THE POLICY This order execution policy applies to all transactions carried out by the Institution on the client’s behalf.
    [Show full text]
  • UBS Investment Research Post-Crisis Banking
    !"# Global Equity Research Global UBS Investment Research Banks Post-crisis banking Equity Strategy Basel III proposal 17 December 2009 ! Consultation paper www.ubs.com/investmentresearch Today, the Basel Committee for Bank Supervision published a consultation paper on financial regulatory reforms that set out to enhance capital and liquidity standards. The consultation paper is subject to an impact assessment and at this stage lacks definitive quantifications. Philip Finch Analyst ! Key proposals [email protected] Proposed changes to financial regulations include: 1) a capital ratio based on +44-20-7568 3456 common equity and retained earnings (excluding hybrids and DTAs); 2) an Peter Carter introduction of a leverage ratio based on a harmonised definition; 3) a 30-day Analyst liquidity ratio; 4) counter-cyclical buffers; and 5) a new risk weighting to reflect [email protected] counter-party risk. +44 20 7568 4043 ! Potential timeframe The proposed measures are subject to an impact assessment to be carried out in the first half of 2010. Feedback on the consultative documents should be submitted by 16 April 2010. The implementation deadline is year-end 2012, although extended transition arrangements might be permitted. ! Initial conclusion While the proposed framework appears to be robust and comprehensive, regulatory uncertainty will likely persist, given the absence of definitive quantifications, and could continue to weigh on sector growth and risk appetite. As such, we maintain our preference for banks that are well capitalised and strongly funded. Following coverage initiation, we add BAC to our preferred list. This report has been prepared by UBS Limited ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAGE 8.
    [Show full text]
  • M·Bkt'06 Ing V2
    CUBIERTAS DEF INGLES 4/5/07 11:34 Página 1 3,981 ideas 2006 365 days thinking about quality 3,981originators of ideas Business ReportBusiness 2006 Business Report Bankinter SA Paseo de la Castellana, 29 28046 Madrid T. +34 913 397 500 F. +34 913 398 323 Telex. 42760 BANKI E Swift: BKBK ES MM www.bankinter.com ANUAL 1-15-ING.qxd 4/5/07 08:14 Página 1 Business Report 2006 ANUAL 1-15-ING.qxd 4/5/07 08:14 Página 2 Profit before tax Net pre Millions of euros Millions of +19.2% Growth with profitability 265 316 2005 2006 ANUAL 1-15-ING.qxd 4/5/07 08:14 Página 3 Net present value* Millions of euros 2006 2,627 Growth in value 2005 2004 +19.8% 2,192 1,931 *Procedure for calculating the present value of a given number of future cash flows. ANUAL 1-15-ING.qxd 4/5/07 08:14 Página 4 Employees Bankint More Sh talent Now 3,981 A year ago 3,712 +7.3% ANUAL 1-15-ING.qxd 4/5/07 08:14 Página 5 Bankinter Shares Share price appreciation +27.2% Share return up by 29.9% 2006 59.6 2005 46.9 ANUAL 1-15-ING.qxd 4/5/07 08:14 Página 6 Bankinter 2006 Business Report Bankinter 200 Group financial highlights 6 Group financia Group financial highlights 2005 2006 06/05 (%) Balance Sheet (thousands of euros) Share da Total assets 40,786,010 46,075,769 12.97 EPS, Ear Loans and receivables 26,139,388 31,653,807 21.10 DPS, Div Loans and receivables PER, Pric ex-mortgage securitisation 29,408,537 34,416,012 17.03 Price/car Customer funds 27,476,959 32,683,580 18.95 EPS, Ear Off-balance sheet-managed funds 11,066,305 11,499,765 3.92 of which: mutual and pension funds 9,573,018
    [Show full text]
  • Report Expert Merger Caixabank Bankia 23.10.2020
    This English version translation is for information purposes only. In the event of a discrepancy or inconsistency between the Spanish and English language versions of this report, the Spanish language version will prevail. INDEPENDENT EXPERT’S REPORT ON THE JOINT MERGER PLAN BETWEEN CAIXABANK, S.A., AND BANKIA, S.A. 23 October 2020 This English version translation is for information purposes only. In the event of a discrepancy or inconsistency between the Spanish and English language versions of this report, the Spanish language version will prevail. INDEPENDENT EXPERT’S REPORT ON THE JOINT MERGER PLAN BETWEEN CAIXABANK, S.A., AND BANKIA, S.A. 1. INTRODUCTION 2. OBJECTIVES AND SCOPE OF OUR WORK 3. DESCRIPTION OF THE JOINT MERGER PLAN 4. VALUATION METHODS USED TO FIND THE EXCHANGE RATIO 5. PROCEDURES OF OUR WORK 6. SPECIAL VALUATION DIFFICULTIES 7. CONCLUSIONS APPENDIX: JOINT MERGER PLAN APPROVED BY THE BOARDS OF DIRECTORS OF CAIXABANK, S.A., AND BANKIA, S.A. This English version translation is for information purposes only. In the event of a discrepancy or inconsistency between the Spanish and English language versions of this report, the Spanish language version will prevail. INDEPENDENT EXPERT’S REPORT ON THE JOINT MERGER PLAN BETWEEN CAIXABANK, S.A., AND BANKIA, S.A. 2 To the Boards of Directors of Bankia, S.A., and CaixaBank, S.A. 1. INTRODUCTION For the purposes of section 34 of Law 3/2009 of 3 April on structural changes to companies (“Law on Structural Changes to Companies”) and articles 340 and 349 of the Companies Register Regulation, and in accordance with our own appointment to the position of independent expert by Ms Isabel Querol Sancho, registrar in charge of Companies Register Number VI of Valencia, in proceeding number E87/29, we would like to present you with our independent expert’s report on the joint merger plan (“Joint Merger Plan”) between CaixaBank, S.A.
    [Show full text]
  • Análisis 5-Abr.-16 Carteras Modelo Españolas
    Análisis 5-abr.-16 Carteras modelo españolas La siguiente tabla ofrece la evolución de las carteras modelo Evol. C.M. 20-Ibex35 (ene.'96/abr.'16) comparadas con el Ibex 35 del 14-mar-16 al 4-abr-16: 1000% Var. Mes Var. Año Dif año Ibex35 CARTERA 20 VALORES Ibex35 800% C.Mod. Ampliada -6,0% -9,7% 0,2% C.Mod. Media -6,3% -9,7% 0,2% 600% C.Mod. Simplificada -4,7% -5,2% 4,7% 400% IBEX 35 -6,0% -9,9% n/a 200% Las tablas siguientes muestran la evolución de los valores que integran las carteras modelo españolas durante el pasado mes: 0% Cartera modelo ampliada 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 14-marzo 04-abril CM 20 valores: Cambios abril Rbd. x div Rbd. x div C. ampliada Peso % Var.Mes Peso Beta Entran Cambian Peso (1) C. ampl. (1) Salen Telefonica 6 -7,44% 8,1% Telefonica 6 1,36 8,2% Gas Natural +3 Mapfre -3 Lingotes +3 Lingotes Especiales SA2 -0,49% 4,9% Lingotes Especiales5 SA -0,02 4,9% Popular -6 BBVA 7 -12,15% 6,6% BBVA 7 1,09 6,7% Ferrovial +1 Popular 9 -20,11% 3,7% Popular 3 1,49 3,8% Santander -2 Enagas 4 -0,66% 6,1% Enagas 4 0,81 6,0% Amadeus +4 Sabadell -4 CaixaBank 4 -11,30% 6,4% CaixaBank 4 0,99 6,4% Red Eléctrica +1 Inditex +1 ACS 4 2,57% 4,4% ACS 4 1,5 4,5% Iberdrola +1 AENA +1 CIE Automotive SA 8 1,95% 2,2% CIE Automotive SA8 0,75 2,2% CM 20 valores vs Ibex en 2016 Mapfre 3 -9,18% 7,2% Gas Natural 3 0,84 5,8% 10% Cartera Ibex35 Ferrovial 2 1,52% 3,4% Ferrovial 3 0,78 3,4% 5% Santander 7 -16,24% 5,4% Santander 5 1,35 5,5% 0% Banco Sabadell 10 -10,75% 3,2% Banco Sabadell 6 0,86 3,3% -5% Inditex 5
    [Show full text]
  • List of PRA-Regulated Banks
    LIST OF BANKS AS COMPILED BY THE BANK OF ENGLAND AS AT 2nd December 2019 (Amendments to the List of Banks since 31st October 2019 can be found below) Banks incorporated in the United Kingdom ABC International Bank Plc DB UK Bank Limited Access Bank UK Limited, The ADIB (UK) Ltd EFG Private Bank Limited Ahli United Bank (UK) PLC Europe Arab Bank plc AIB Group (UK) Plc Al Rayan Bank PLC FBN Bank (UK) Ltd Aldermore Bank Plc FCE Bank Plc Alliance Trust Savings Limited FCMB Bank (UK) Limited Allica Bank Ltd Alpha Bank London Limited Gatehouse Bank Plc Arbuthnot Latham & Co Limited Ghana International Bank Plc Atom Bank PLC Goldman Sachs International Bank Axis Bank UK Limited Guaranty Trust Bank (UK) Limited Gulf International Bank (UK) Limited Bank and Clients PLC Bank Leumi (UK) plc Habib Bank Zurich Plc Bank Mandiri (Europe) Limited Hampden & Co Plc Bank Of Baroda (UK) Limited Hampshire Trust Bank Plc Bank of Beirut (UK) Ltd Handelsbanken PLC Bank of Ceylon (UK) Ltd Havin Bank Ltd Bank of China (UK) Ltd HBL Bank UK Limited Bank of Ireland (UK) Plc HSBC Bank Plc Bank of London and The Middle East plc HSBC Private Bank (UK) Limited Bank of New York Mellon (International) Limited, The HSBC Trust Company (UK) Ltd Bank of Scotland plc HSBC UK Bank Plc Bank of the Philippine Islands (Europe) PLC Bank Saderat Plc ICBC (London) plc Bank Sepah International Plc ICBC Standard Bank Plc Barclays Bank Plc ICICI Bank UK Plc Barclays Bank UK PLC Investec Bank PLC BFC Bank Limited Itau BBA International PLC Bira Bank Limited BMCE Bank International plc J.P.
    [Show full text]
  • European Npls - FY18 an Overview of the Non-Performing Loan Market
    An Acuris Company Year-End 2018 European NPLs - FY18 An overview of the non-performing loan market Alessia Pirolo Head of NPL Coverage, Debtwire +44 (0) 20 3741 1399 [email protected] Amy Finch Data Journalist, Debtwire +44 (0) 20 3741 1187 [email protected] European NPLs – FY18 An Acuris Company Overview: A Record Year for NPL sales 3-7 Trends by Country Italy 8-13 Spain 14-17 New Entries: Portugal, Greece and Cyprus 18-24 UK and Ireland 25-28 Germany 29-30 Index List of closed deals 31-40 Criteria 41 Authors and contact details 42 2 European NPLs – FY18 An Acuris Company A Record Year for NPL sales The European non-performing loan (NPL) market reached its peak in 2018 with disposal totalling EUR 205.1bn in gross book value (GBV). Debtwire NPL Database tracked 142 transactions. The year just closed has been by far a record, compared with EUR 144bn in 2017 and EUR 107bn in 2016, according to data from Deloitte. The last quarter of 2018 saw a particularly intense pace of activity, given that at the end of the third quarter closed deals totalled EUR 125bn. The most active country was Italy, which totalled half of the total volume of NPL sales. In 2018, 64 NPL sales with a gross book value (GBV) of EUR 103.6bn were tracked in the country, almost half of which were via securitisations within the government’s Garanzia sulla Cartolarizzazione delle Sofferenze (GACS) scheme, which now has only until 6 March 2019 to run. Spain has started to see a slowdown of sales, but still completed a massive EUR 43.2bn in 27 deals.
    [Show full text]
  • Caixabank and Bankia Boards of Directors Approve Merger Plan to Create Spain’S Leading Bank
    CaixaBank and Bankia Boards of Directors approve merger plan to create Spain’s leading bank • The Boards of Directors of both entities have approved the operation, to be executed as a merger by absorption of Bankia by CaixaBank, which must be approved at the General Shareholders’ Meetings. • The agreement consists of an exchange ratio of 0.6845 new CaixaBank ordinary shares for every Bankia share and includes a 20% premium over the exchange ratio at the closing of 3rd September. • The new entity, which will maintain the CaixaBank brand, will be the leading bank in Spain with more than 20 million customers, a 25% and 24% share in loans and deposits respectively, and a diversified and balanced geographic presence. • José Ignacio Goirigolzarri will be the executive chairman of the entity, with Gonzalo Gortázar holding the position of CEO. • José Ignacio Goirigolzarri has remarked with this operation, we will become the leading Spanish bank at a time when it is more necessary than ever to create entities with a significant size, thus contributing to supporting the needs of families and companies, and to reinforcing the strength of the financial system”. "The new entity will continue to carry out the best corporate governance practices". • Gonzalo Gortázar stressed that "the merger will allow us to face the challenges of the next 10 years with greater scale, financial strength and profitability, resulting in greater value for our shareholders, more opportunities for our employees, better service to our clients and a greater capacity to support Spain’s economic recovery." • The Board of Directors will be made up of 15 members, of which 60% will be independent.
    [Show full text]