Banco Itaú S.A. Conference Call First Quarter of 2001 Income Statement Itaú Consolidated R$ Million 1st Quarter of 4th Quarter of 1st Quarter of Variation (%) Mar/01 x Mar/00 Net.
Download ReportTranscript Banco Itaú S.A. Conference Call First Quarter of 2001 Income Statement Itaú Consolidated R$ Million 1st Quarter of 4th Quarter of 1st Quarter of Variation (%) Mar/01 x Mar/00 Net.
Banco Itaú S.A.
Conference Call First Quarter of 2001
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Itaú Consolidated
Income Statement
Net Interest Margin Provision for Loan Losses Banking Service Fees Salaries, Employee Benefits and Other Adm. Expenses Recurrent Net Income 1 st Quarter of 2001 1,465 (234) 982 (1,402) 651 4 th Quarter of 2000 1,633 (294) 958 (1,539) 620 1 st Quarter of 2000
R$ Million
Variation (%) Mar/01 x Mar/00 1,102 (151) 802 (1,153) 365 32.9
55.0
22.4
21.6
78.4
EPS (per thousand shares) Recurrent ROE Annualized Recurrent ROA Annualized 5.51
44.0% 3.5% 5.03
42.9% 3.6% 3.10
26.1% 2.7% 77.7
2
Credit Operations
Itaú Consolidated
03/31/2001 Individuals Small and Medium-Sized Companies Corporate Mortgage Credit Cards 5,404 2,049 17,370 3,101 2,007 TOTAL 29,931 12/31/2000 03/31/2000
R$ Million
Variation (%) Mar/01 x Mar/00 4,486 2,115 15,216 3,305 2,130 27,253 3,016 1,214 11,680 2,889 1,442 20,241 79.2
68.8
48.7
7.3
39.2
47.9
3
Provision for Loan Losses
Itaú Consolidated
Expenses for the Provision for Loan Losses 1 st Quarter of 2001 234 RISK LEVEL BALANCE Dec 31,00 New Contracts CREDIT PORTFOLIO Risk Level Transfer Settlement 4 th Quarter of 2000 294 TOTAL
R$ Million
Variation -20,2 % WRITE-OFF BALANCE Mar 31,01
D E F G AA A B C H Excess
TOTAL
28 70 52 145 82 212 135 707 603
2,033
10 18 16 39 4 42 2 18
151
(0) (2) (3) (31) (4) (3) 2 202 27
186
(5) (12) (11) (30) (5) (17) (4) (18)
(103)
5 3 2 (21) (5) 22 (1) 203 27
234
(231) -
(231)
33 73 54 123 77 234 134 679 630
2,036 Note that R$ 151 million of total expense refers to Contracts (new operations), R$ 62 million of which refer to levels F, G and H and are basically formed by composition of debts.
4
Non Accrual Loans Ratio
(1)
(%)
1.5
1.0
0.5
0.0
6.0
5.5
5.0
4.5
4.0
3.5
3.0
2.5
2.0
3.74% 3.77% 4.45% 3.66% 4.21% 3.55% (2) Jun/00 Sep/00 Dec/00 Mar/01
(1) Loans Overdue for more than 60 days and without generation of revenues on the accrual method / Credit Operations of Conglomerated. (2) Including the effect of the credit operations from Banestado.
5
Funding
Itaú Consolidated
Deposits Borrowings and on-Lendings Money Market repurchase commitments and Acceptances and Debentures 03/31/2001 27.2
8.6
13.4
12/31/2000 27.9
6.9
14.1
Total (Balance Sheet) Mutual Funds and Portfolio under Management Total of Funding 49.2
44.4
93.6
48.9
42.0
90.9
R$ Billion
03/31/2000 22.1
5.5
7.4
Variation (%) Mar/01 x Mar/00 23.1
56.4
81.1
35.0
34.1
69.1
40.6
30.2
35.5
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Quantities
Itaú Consolidated
Branches and CSBs Current and Savings Accounts (million) Credit Cards (million) Customers -Home & Office Banking (million) Products per Customer – Banco Itaú
• Individuals • Business
03/31/2001 2,997 19.0
3.5
1.6
5.0
4.6
12/31/2000 2,995 17.1
3.3
1.4
03/31/2000 2,518 16.8
2.4
1.2
5.0
4.4
4.7
3.6
7
Fair Market Value
Itaú Consolidated
Excess Provision for Loan Losses 03/31/2001 630 12/31/2000 603
R$ Million
03/31/2000 625 Variation (%) Mar/01 x Mar/00 0.8
Excess Provision for Securities Other Unrealized Gain 655 861 746 902 746 864 -12.2
-0.3
Total 2,146 2,251 2,235 -4.0
If taken into consideration all excess provisions, other unrealized gains and Tax Credits not accounted for, the BIS ratio would be 17.8% .
8
Net Foreign Exchange Position
Foreign Investments Net value of assets and liabilities in foreign currency, including derivatives
Net Foreign Exchange Position Mar 31, 2001
4,045
Dec 31, 2000
R$ Million
Mar 31, 2000
3,708 2,626 (1,673)
2,372
(1,252)
2,456
14
2,639
9
Results of Foreign Investments
R$ Million
1 ST Quarter of 2001
Foreign Exchange Variation on Investments Abroad Effect from Foreign Exchange Risk Management on Inv. Abroad
Results Abroad
Funding Expenses (DI)
Management Margin - Investiments Abroad
The effects of exchange variation on foreign investments are distributed in the Statement of Income according to the nature of the corresponding accounts.
Variation
US$
Date
09/30/00 12/31/00 03/31/01
Exchange Rate
1.8437
1.9554
2.1616
6.1% 10.6% 374 (87)
287
(133)
154
10
Efficiency Ratio
58.4% 56.6% 56.3% 59.7% 54.7% 1st Q.00 2nd Q.00 3rd Q.00 4th Q.00 1st Q.01
(Salaries and Benefits Expenses + Other Administrative Expenses)
Efficiency Ratio =
(Net Income from Financial Operations + Provision for Loan Losses + Banking Service Fees + Capitalization, Insurance and Pension Plan Premiums - Variations in Technical Provisions of Capitalization, Insurance and Pension Plans - Insurance Claims - Selling Expenses Pension Plan Benefit Expenses - Other Operating Expenses + Other Operating Income) 11
Itaú Buen Ayre
ASSETS Current Assets and Long-Term Assets
Cash and Cash Equivalents Securities Loans Provisions Other Credits Other Assets
Permanent BALANCE SHEETS Pesos 144
21 88 (20) 42 12
70 1 ST Q./01 US$ 540
101 25 266 (13) 161 0
Total 684
122 25 354 (32) 203 12
70 4 TH Q./00 Total 675
97 24 397 (34) 178 14
70
US$ Million
1 ST Q./00 Total 686
78 82 407 (40) 145 15
75 Total Assets 214 540 753 745 761 LIABILITIES Current Liabilities and Long-Term Liabilities
Deposits Other Liabilities - Financial Other Liabilities
Stockholders’ Equity
Capital and Reserves Previous Results
Total Liabilities 220
175 26 19
147
148 (1)
386
296 90 0
-
-
367 RELEVANT DATA 386 606
471 116 20
147
148 (1)
753 597
475 102 20
148
181 (32)
745 613
463 131 19
147
156 (8)
761
Net Distribution Branches CSBs Automated Teller Machines Active Customers (thousand) Employees
Q./01
84 29 328 162 1,417
Q./00
90 26 339 156 1,433
Q./00
94 22 352 150 1,655 12
Relevant Events
Operational
Small Companies Unit specialized structure to small companies (annual sales between R$ 500 thousand and R$ 4 million); Strategic Partnership Itaú – AOL launched in January 2001; has reached more than 100 thousand customers ; Cost Reduction Program Special Committee (CRPC) and support from specialized consulting firm.
13
Relevant Events - Banestado
•
Net Income was R$ 2.6 million in the 1st Quarter of 2001;
• Increase in the number of clients - from 457,000 in Dec/00 to 516,000
in Mar/01;
• The number of Automated Teller Machines (ATMs) reached 457, an
increase of 5%;
•Reduction of 891 employees in the quarter, reaching 6,691 in March
2001;
•Spontaneous Lay-off Program (started on 01/03/01):
- 38% of acceptance among the employees. R$ 312 million provisioned in December 2000 .
14
Relevant Events
Corporative
•
Strategic Cooperation Itaú - la Caixa
•la Caixa increased its shareholdings, from 1% to 3%; • 1 member in the Administrative Council, 1 member in the International Advisory
Committee and 1 Managing Director (increase of relationship with spanish companies);
•
Corporate Governance
• Itaubanco Internal Controls Committee
– April 30, 1999;
•
Fiscal Council Sozin Furuguem (highly qualified professionals with acknowledged experience in the capital markets); – April 24, 2000 - Gustavo Loyola, Iran Siqueira Lima and Alberto
•
Changes in the Administrative Council – April 23, 2001 – strenghtening with the new members - Pérsio Arida and Roberto Teixeira da Costa (remarkable and proeminent professionals with no previous relationship with the company).
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