Annual Review 2018 - Finantia · 09 FINANTIA GROUP ANNUAL REVIEW 2018 EUR Million 2018 ASSETS Cash...

Annual Review 2018

ANNUAL REVIEW 2018

02

Our Pillars 04

Chairman’s Message 06

Financial Highlights Banco Finantia07

Our Activities 08

Consolidated Balance Sheet and Income Statement Finantipar (Parent Company)

09 Consolidated Balance Sheet and Income Statement

Banco Finantia 10

Corporate Responsibility 12

Corporate Bodies

One more award winning year

WHAT MAKES OUR DIFFERENCE?WE BELIEVE IN THE POWER OF

COMBINING DILIGENCE WITH HARD WORK

WHAT DISTINGUISHES OUR PERFORMANCE?WE EXCEL IN CONSTANTLY REACHING ABOVE

CLIENTS’ EXPECTATIONS

WHAT STANDS OUT IN OUR RESULTS?WE STRIVE TO OFFER OUR SHAREHOLDERS

WHAT SUITS THEIR INTERESTS BEST

MISSION

We recruit, train and develop the most talented professionalsWe create value for our shareholders, while keeping

our institution sound at all times

CULTURE

Exploring new paths every day

Mastering our strategic progress by closely monitoring results

VALUES

Excellence

Independence

Soundness

Integrity

Creativity Leading to above average growth and investment opportunities

Innovation Anticipating most of our clients’ needs

Seeking the best solutions and services Team Work

Sharing responsibilities and rewards

Our Pillars

02 FINANTIA GROUP ANNUAL REVIEW 2018

INDIVIDUALLY OR AS A GROUP, CONCENTRATING OUR FOCUS AND ENERGIES LEAD US TO SUCCESS

Financial conditions were adverse for banking activity, with credit spreads and transaction volumes

one of the highest in the European banking sector, placing Banco Finantia once again considerably

Our challenges remain high, whether in consolidating existing activities or in identifying new products

Our thanks to all who have contributed to the results achieved, especially to all of Finantia Group’s

Finantia Group


Chairman’s Message

INTO OUR FOURTH DECADE, WE ARE PROUD TO CONSISTENTLY CONTRIBUTE

CAREFUL LISTENINGIS OUR COMMON PRACTICE,WHEN WE UNDERTAKE SO MANY NEW CHALLENGES IN TODAY’S FAST-PACED WORLD

€M€


Financial Highlights

Banco Finantia

Finantia – Gestão e Consultoria Financeira

Capital increase with a new shareholder, Complete access to the

interbank money market

Transformation into Finantia – Sociedade

Launch of Finantia Capital and Finantia Corretora

Obtaining banking license

First Strategic Board of the Bank

Organisation of the “First International Conference on Emerging Markets”

IFRSEUR Million 2018

BALANCE SHEET

Total assets 2 027.8

Fixed income and loan portfolio 1 816.8

Customer deposits 900.9

391.2

RESULTS

Net interest Income 60.5

Operating income after impairments and provisions 68.2

38.6

PROFITABILITY (%)

ROE (1) 10.2

ROA (1) 2.1

SOLVENCY (BIS III FULLY LOADED %)

Ratio CET1 21.0

Total Solvency Ratio 21.0

PRODUCTIVITY / EFFICIENCY

34.0

Value per share (EUR)

0.26

Book value 2.61

Average number of shares in circulation (millions) 150

Number of shares at year end (millions) 150

(1) Value Before Tax


M€

Our Activities

WE ARE AN INDEPENDENT BANK, OPERATING IN BOTH NATIONAL

AND INTERNATIONAL FINANCIAL MARKETS, AND CONSISTENTLY GROWING

Admission to the Founder’s Board of the Serralves Foundation

in Porto

20012000 2002

backed securities to the Portuguese market

Beginning of the international expansion

(London, Sao Paulo and New York)

Third place in the league of Eurobond

institutions Banco Finantia Spain

Award “Best Small Investment Bank in

the World”Euromoney award “Best M&A Bank”

PRIVATE BANKING

Investment and Savings SolutionsWide Range of Term Deposits

Secure Home Banking Specialist Portfolio Management

NEW YORK

SAO PAULO

LONDON

MADRID, BARCELONA, VALENCIA

LISBON, PORTO

MALTA

MIAMI

•

•

•••• •

CORPORATE FINANCE

DivestmentsRestructurings

Takeovers & Defenses

CORPORATE BANKING

Debt Raising and Structured FinancingSyndicated Loans

ForfaitingSale & Leasebacks

CAPITAL MARKETS

EurobondsCommercial Paper

Secondary Trading of DebtIPOs & Delistings

Consolidated Balance Sheet and Income Statement

Finantipar (Parent Company)


EUR Million 2018

Net interest income 61.2

Net fee and other operating income 12.8

Impairments and provisions (4.9)

Operating income after impairment and provisions 69.0

Operating expenses (25.0)

44.0

39.9

EUR Million 2018

ASSETS

Cash and banks 120.7

Fixed income and loan portfolio 1 835.3

Other assets 91.2


LIABILITIES

MM takings 11.4


Repos 647.8

Other liabilities 76.8

1 636.8

EQUITY

Share capital, reserves and retained earnings 370.4

39.9

Total shareholders’ equity 410.3

2 047.1

Consolidated Balance Sheet

Consolidated Income Statement

2003 2008 2010

Euromoney award “Best Smaller Bank

in Europe”

Management of a syndicated loan for Akbars Bank Russia

(US$200 million) Total assets exceeding

20 years of Finantia in Portugal and 10 years in

Record placement of about US$3,000 million

companies

Management of a Eurobond issue

for Moscow Narodny Bank

Beginning of the Private Banking activity expansion

Expansion of activity in secondary markets,

with loans from issuers in Portugal, Greece, Ireland

and Central Europe

Consolidated Balance Sheet and Income Statement

Banco Finantia


EUR Million 2018

ASSETS

Cash and banks 120.7

Fixed income and portfolio loan 1 816.8

Other assets 90.3


LIABILITIES

MM takings 11.4


Repos 647.8

Other liabilities 76.5

1 636.6

EQUITY

Share capital, reserves and retained earnings 352.6

38.6

Total shareholder’s equity 391.2

2 027.8

Consolidated Balance Sheet

EUR Million 2018

Net interest income 60.5

Net fee and operating income 12.6

Impairments and provisions (4.9)

Operating income after impairment and provisions 68.2

Operating expenses (24.9)

43.3

38.6

Consolidated Income Statement

2011 20132012 2018

Core Tier I and solvency ratio amongst the best in

Portuguese banking

programmes for Opening of Finantia

Private’s agency in Lisbon

Team building at the Portuguese Association for

Asperger’s Syndrome

Strategic Board Meeting at Palácio da Bolsa

in Porto

Volume of transacted assets in the trade

Conclusion of the deleveraging process

initiated in 2008

“Investment Bank of the Year in Portugal” and

“Private Bank of the Year in Portugal”

SOCIAL RESPONSIBILITY

APSA – Associação Portuguesa do Síndrome de AspergerCAPITI

Mercearia Social Santa Casa da Misericórdia

CULTURAL PATRONAGE

Founding member of Fundação Serralves

EDUCATION

degree in “International Economics and European Studies”Founding member of Fundação Económicas


Corporate Responsibility

IN 2018, WE INCREASED OUR CONTRIBUTION TO VARIOUS SOCIAL

BY SUPPORTING SOCIAL, CULTURAL AND EDUCATIONAL CAUSES, WE PARTICIPATE IN THE BUILDING OF A MORE SUSTAINABLE WORLD

Banco Finantia

Banco Finantia

Banco Finantia

Banco Finantia

Banco Finantia Spain

Banco Finantia

Finantia Malta

Banco Finantia

Banco Finantia

Banco Finantia

Finantia UK

Banco Finantia


Finantipar

Banco Finantia

Finantia USA

Banco Finantia

Banco Finantia

Banco Finantia

Banco Finantia

Finantipar

Finantipar

Banco Finantia

Banco Finantia

Banco Finantia


Finantia UK

Banco Finantia

Banco Finantia

Banco Finantia

Banco Finantia

Finantipar

Finantia Brasil

Banco Finantia


Banco Finantia

Ahmet Iplikci

(1)

António Guerreiro

António Vila-Cova

Armin Eckermann

Carlos Cuervo

Charles-Louis de Laguiche

David Guerreiro

Dominique de Guerre

Duarte Correia de Sá

Eduardo Catroga

Eduardo Costa

Filipe Marques

Hartmut Schott

Igor Souvorov

João Vieira de Almeida

José Archer (1)

Luisa Antas

Manuel Faria Blanc (2)

Marta Eirea

Michael Hamilton

Quoc-Bao Tran

Ricardo Caldeira

Riccardo Orcel

Rui Martinho

Sandra Guerreiro

Sérgio Zappa

Telma Oliveira

Tiago Lopes

Vaga Bartalini

Member Strategic Board


Non Executive Member Board of Directors

Chairman Strategic Board

Non Executive Chairman Board of Directors


Managing Director



Executive Member Board of Directors

Managing Director




Managing Director




Chairman General Assembly


Chairman General Assembly


Secretary General


Chairman Executive Committee






Managing Director

Representative Banco Finantia





Corporate Bodies

(1) Member Audit Committee Banco Finantia(2) Chairman Audit Committee Banco Finantia

Design and production graça abreu design Printing DG3leycol, London

Arranger and Lead Manager

Commercial Paper

Arranger and Lead Manager

Placement Entity

Term Loan Facility

MandatedLead Manager

€110,000,000

Manager

USD 200,000,000Senior Unsecured Term

Loan Facility

Arranger

Senior Unsecured Term Loan Facility

Lead Arranger

solar plants in Portugal and Spain

Financial Advisor

Annual Review 2018 - Finantia · 09 FINANTIA GROUP ANNUAL REVIEW 2018 EUR Million 2018 ASSETS Cash...

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