Transcript CORPORATIVE PRESENTATION in brief Goal To give you an overview of Coopenae and the market in which we operate.

CORPORATIVE PRESENTATION in brief
Goal
To give you an overview of
Coopenae and the market in
which we operate.
CORPORATIVE PRESENTATION in brief
Plan of the presentation
COOPENAE – relevant information
Background. General aspects of the
country and our Banking System
III. Main figures of the Company
IV. Conclusion
I.
II.
Questions
CORPORATIVE PRESENTATION in brief
Brief history of Coopenae
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Was founded in 1966.
1983, started the process of specialization as a financial
institution.
1994, began being supervised by SUGEF.
1999, successfully overcame the crisis in the cooperative
sector.
2001, started leading the market and reached a market
share of 12% (at this time 23%).
2004, the target market was expanded.
2005, began issuing mortgages.
2008, insurance market and homebanking
2009, Net - Coopenae
CORPORATIVE PRESENTATION in brief
Relevant figures
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Total assets (june 2012), $780 million.
More than 83,000 associates.
Wide range of competitive products, almost
equal to banks.
426 employees.
Biggest cooperative in Central America
5th cooperative in Latin America
CORPORATIVE PRESENTATION in brief
Organizational Chart
Delegate
Assembly
Board of
directors
CEO
Vice CEO
CCO
Collect
Department
Housing loan
Department
CMO
Branches
CIO
CHRO
CFO
Savings
Department
Treasury
Department
CAE
Accounts
Department
CORPORATIVE PRESENTATION in brief
Mission
Best option. Increase the quality of life of our
associates.
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Everyone on the staff must work hard and believe in
their integral development as a human being.
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We will do our job day by day as professionals, with
excellence in customer service, sensitivity and
generating trust with the management of the company.
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CORPORATIVE PRESENTATION in brief
VISIÓN Vision
We will be a leading
cooperative and a model
in the global context,
where the most important
goal (WIG) is the full
satisfaction of the
associates as both
owners and clients.
CORPORATIVE PRESENTATION in brief
We do the same business
differently
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Ability to generate trust (clients, partners
and staff)
We believe in the cooperative model – it is
in our DNA
We generate and distribute wealth not
poverty
Benefits to the associate: Social profits +
better interest rates + dividend per share
Long term vision versus short term decision
making
CORPORATIVE PRESENTATION in brief
We do the same business
differently
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Leadership style
Governance
Social responsibility
Planned succession for all important
positions
Cooperation with other credit unions
Advertising (word of mouth and
sponsorships)
Customer service
CORPORATIVE PRESENTATION in brief
Customer Service
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Warm relationship
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Speed of service
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Financial advice to our clients
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Presence all around the country
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High levels of satisfaction
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Highly trained personnel
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R&D as a philosophy
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Mutual loyalty between us and
our clients
CORPORATIVE PRESENTATION in brief
Staff motivation
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High level training
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High salaries
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Supportive environment
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Harmony of principles and values
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Incentives
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Very low turnover of staff
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Loyalty
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Succession plans
CORPORATIVE PRESENTATION in brief
Background information of
Costa Rica
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Population, approximately 4.5 million
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Land area, 51.000 square kilometers
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Annual inflation, average 10% since 2006, for 2011 our
inflation was 4.74%.
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Exchange rate, US$ 1 to ¢492.57(colones)
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Assets of Financial Institutions represent 90% of our
annual GDP (we call it PIB)
CORPORATIVE PRESENTATION in brief
Costa Rican Financial System
(June 2012)
Total Assets (millions)
Q
Total Colons ¢
%
Banks owned by the government
Banks created by special Law
Private Banks
Other financial companies
Cooperatives
Housing Mutuals
3
2
12
5
30
2
₡7,252,142
₡1,819,981
₡4,951,918
₡151,665
₡1,427,035
₡657,418
44.60%
11.19%
30.45%
0.93%
8.78%
4.04%
Total
54
Total
Dollars $
$12,987
$3,259
$8,868
$272
$2,555
$1,177
₡16,260,158 100.00% ₡29,118
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Market Share
(June 2012)
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Ranking - Private Financial System
- millions of US dollars – June 2012 Entidad
Bac
Scotiabank
Hsbc
Mutual Alajuela
Coopenae
Promerica
Citi
Coopeservidores
Lafise
Coopeande 1
Improsa
Mucap
Bct
Banco CMB
Coopealianza
Banco General
Coocique
Cathay
Bansol
Desyfin
Coopecaja
Cafsa
Financiera G&T
Comeca
Multivalores
Assets
2,813
2,210
1,446
892
780
666
585
559
499
454
452
443
405
323
287
276
215
198
180
173
114
49
42
34
10
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1,999
1,666
850
617
548
455
349
350
295
333
271
293
238
58
209
236
141
109
116
105
99
37
27
22
9
Capital
1
2
3
4
5
6
8
7
10
9
12
11
13
21
15
14
16
18
17
19
20
22
23
24
25
318
250
167
76
145
58
107
105
31
103
49
30
46
26
41
48
32
20
20
14
39
7
5
6
4
Profits
1
2
3
8
4
9
5
6
16
7
10
17
12
18
13
11
15
19
20
21
14
22
24
23
25
24
8
9
4
8
5
4
5
1
6
2
2
3
1
3
1
1
0
1
1
2
0
0
0
0
1
3
2
9
4
7
8
6
15
5
14
13
11
18
10
16
19
21
20
17
12
22
24
23
25
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Ranking - Cooperatives
- US dollars (millions), June 2012 Entidad
Coopenae
Coopeservidores
Coopeande 1
Coopealianza
Coocique
Coopecaja
Coopemep
Coopebanpo
Coopeaya
Coopavegra
Coopejudicial
Credecoop
Coopeamistad
Coopegrecia
Coopefyl
Coopesn marcos
Coopesn ramon
Coopeco
Coopeorotina
Servicoop
Coopecar
Coopeacosta
Coopeesparza
Coopelecheros
Coopeande 7
Assets
780
559
454
287
215
114
81
50
30
30
29
28
28
27
22
20
17
13
13
12
12
12
12
11
9
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
548
350
333
209
141
99
72
39
17
16
21
12
23
19
17
7
9
9
9
9
7
9
7
7
7
Capital
1
2
3
4
5
6
7
8
12
14
10
15
9
11
13
26
17
16
20
19
21
18
22
25
24
145
105
103
41
32
39
31
9
7
6
17
8
5
15
10
3
3
5
2
4
2
2
2
2
4
Profits
1
2
3
4
6
5
7
11
13
14
8
12
15
9
10
20
21
16
23
18
22
24
27
26
17
8
1
5
3
6
2
3
4
1
8
2
5
1
7
1
9
0
12
0
11
1
6
0
13
0
16
0
15
1
10
0
14
0
0
0
0
0
0
0
0
0
25
22
19
18
28
21
23
28
20
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Ranking – Cooperatives in Latin America
- US dollars (millions), December 2010 -
País Rank
CHL
MEX
BRA
CR
BRA
BRA
MEX
BRA
CR
BRA
1
2
3
4
5
6
7
8
9
10
Nombre
Coopeuch
Caja Popular Mexicana
CREDICITRUS
COOPENAE
COOPERFORTE CECMF INST FIN FED
CCPRE INTERIOR PAULISTA
Caja de Ahorro de los Telefonistas
CC VALE DO ITAJAI - VIACREDI
COOPESERVIDORES
CCR PLANT CANA ZONA DE GUARIBA
Activos
ME
2.088,2
1.911,8
1.343,4
600,5
552,9
549,8
530,0
490,4
415,9
408,1
% Part. Sist.
Finan.1
Nacional
0,90%
0,43%
0,05%
2,19%
0,02%
0,02%
0,12%
0,02%
1,52%
0,02%
% Part. en el Sist.
Finan. Coop.2
Nacional
LAC
72,53% 3,00%
30,70% 2,75%
1,93% 1,93%
26,30% 0,86%
0,80% 0,80%
0,79% 0,79%
8,51% 0,76%
0,71% 0,71%
18,22% 0,60%
0,59% 0,59%
Source: www.DGRV.org
CORPORATIVE PRESENTATION in brief
Balance Sheet
(US $ millions)
100.0
dic-11
706
100.0
Variation
75
11
743
540
203
38
95.2
69.2
26.0
4.8
671
475
195
35
95.1
67.4
27.7
4.9
72
64
8
3
11
13
4
8
Capital and Liabilities
780
100.0
706
100.0
75
11
Total Liabilities
Liabilities with financial cost
Savings
Debts with other banks
635
616
442
174
81.4
78.9
56.7
22.2
571
550
404
147
80.9
78.0
57.2
20.8
65
65
38
27
11
12
9
18
Liabilities without financial Cost
20
2.5
20
2.9
-1
-3
Share Capital
145
18.6
135
19.1
10
7
Assets
jun-12
780
Current Assets
Net Loans
Investments
Improductive Assets
CORPORATIVE PRESENTATION in brief
Profits or loss (income) statement
(million US $)
jun-12
d
Financial Revenues
Financial Expenses
Gross Financial Profits
Operative revenues
Profits before OE
Operative expenses
Net Profits
55
36
19
2
21
13
8
d
100.0%
65.6%
34.4%
3.8%
38.2%
23.5%
14.6%
dic-11
99
67
32
4
37
23
14
100.0%
67.4%
32.6%
4.5%
37.1%
23.4%
13.7%
Variation
8
8.3%
4
5.3%
5
14.3%
0
5.3%
4
11.5%
2
9.1%
2
15.5%
Growth
(millions dollars)
CORPORATIVE PRESENTATION in brief
CORPORATIVE PRESENTATION in brief
Customers or Associates
CORPORATIVE PRESENTATION in brief
Growth June 2012
8.00%
june 2012
7.70%
6.60%
4.50%
4.50%
1.50%
Banks owned by Banks created by
the government
special Law
Private Banks
Cooperatives
Housing Mutuals Financial System
CORPORATIVE PRESENTATION in brief
Delinquency rate
Coopenae 0.45%
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Liquidity
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Return on Equity (ROE)
Source: www.sugef.fi.cr
ROE Coopenae 11.3%
CORPORATIVE PRESENTATION in brief
Annual profits
(millions dollars)
7.3
5.8
4.6
1.0
1.1
1.3
1.4
1.8
2.1
4.5
4.2
2.3
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
CORPORATIVE PRESENTATION in brief
Capital Adequacy Ratio (CAR)
Fuente: elaboración propia, datos de www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Best practices
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FITCH Risk Rating, since 2007
Optimal qualification as local Borrower
Internationally recognized external auditors
Rigorous internal Audit unit
Self Regulation:
Ratio
SUGEF
Coopenae
Delinquency rate
< 3%
< 1%
Liquidity over savings
15 %
25 %
ROE
>0
300 bp over inflation rate
CAR
10%
15%
Interest rate risk
5%
1%
Foreign exchange risk
5%
0,80%
1,75 Normal
1,00
CAMELS
CORPORATIVE PRESENTATION in brief
Conclusions
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Good position of the whole cooperative system
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Coopenae leads the market and this leadership
comes from a culture based on principles and values
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Most of the staff and clients (owners) have a strong
commitment to the company
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Solid figures give support to the leadership and show
a positive trend in the last 10 years. Solvency.
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Last but not least, the cooperative model works and
nowadays, more than ever, it is necessary.