LIBERBANK 24th February, 2016
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Latest trend. Key HighlightsOperating profit
Net Interest Income grows +5% YoY in line with stated guidance. The customer spread widens up 17bp YoY and 7bp QoQ.
Fees improve in the quarter. Further room to increase in the future.
Costs remain under control. The target is to reduce the cost base through branch network optimization and backoffice centralization in a newly created subsidiary.
Business trends
Continued positive trend in new production (+57% vs 4Q14), focused on corporates and mortgages.
Loan book close to stabilisation. Corporate and consumer loan books increase in the quarter.
Asset quality
The stock of NPLs (exc APS) falls 11.2% in the last 12 months.
High collateralisation, above sector average.
Solvency and liquidity
The CET1 ratio stands at 13.7% and 11.7% under phased-in and fully loaded Basel III criteria, not including capital gains.
First dividend payment done in October, Eur 41m in cash and shares.
The LtD ratio remains at 89%.
1. Commercial Activity
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Results analysis
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Asset Quality
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Liquidity and Fixed Income portfolio
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Solvency
- Appendix
Liberbank SA issued this content on 24 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 February 2016 11:22:14 UTC
Original Document: https://corporativo.liberbank.es/system/wilson_cms/documents/documents/000/001/330/original/Presentación_de_resultados_del_cuarto_trimestre_2015.pdf?1456312665
