Conference Call
1st Quarter - 2019
Highlights
- Consolidation of the Bank's strategy to increase its operations in the Corporate II segment, with expanded loan portfolio reaching R$ 837 million (13.3% growth over the previous quarter) and 217 clients.
- Income from financial intermediation grew 28.1% in 1Q19 in relation to 4Q18, reaching R$ 131 million. In relation to the same period of the previous year, there was a decrease of 10.4%. It is worth mentioning that the income from financial intermediation was based on the expanded loan portfolio of R$ 4.3 billion (22.2% lower than the loan portfolio of 1Q18 - R$ 5.4 billion), reflecting the success of the implementation of the Pine´s strategy to insert in the Corporate II Segment in exchange for the reduction of exposure in the Corporate I Segment.
- Increase of Pine's number of active clients by 24.1% versus the same period of 2018, totaling 490 groups.
- Continuous loan portfolio diversification, with an average ticket under R$ 9.0 million.
- BIS ratio of 12.3%, which is appropriate for the Bank's strategy.
- Balance sheet with a very comfortable liquidity level of R$ 2.3 billion.
- Diversified funding strategy maintained, with approximately 86.9% of the portfolio represented by individuals' deposits, with an average ticket around R$ 70 thousand.
- Operational optimization and cost controls resulted in lower administrative expenses, which fell by 15.5% versus the previous quarter, in line with the Bank's new structure.
- Growth recovery of the Expanded Loan Portfolio, reflecting the commercial effort in the implementation of the Bank's new strategy.
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Portfolio Results - 1Q19
R$ '000 | 1Q19 | 4Q18 | QoQ | |
Gross inc ome from financ ial intermediation | 19,260 | (23,502) | N/D | |
Income from financial intermediation | 130,735 | 102,044 | 28.1% | |
Gross income from financial intermediation | (111,475) | (125,546) | -11.2% | |
Corporate Portfolio | 6,639 | 32,900 | -79.8% | |
Gross income from financial intermediation | 12,834 | 26,124 | -50.9% | |
Provision for loan losses | (6,195) | 6,775 | N/D | |
Monitored Portfolio | 12,621 | (56,402) | N/D | |
Gross income from financial intermediation | (23,610) | (46,815) | -49.6% | |
Provision for loan losses | 36,231 | (9,586) | N/D | |
Fee inc ome | 10,368 | 15,712 | -34.0% | |
Corporate Portfolio | 10,055 | 15,393 | -34.7% | |
Monitored Portfolio | 314 | 319 | -1.8% | |
Personnel expenses | (20,714) | (23,187) | -10.7% | |
Administrative expenses | (20,383) | (25,896) | -21.3% | |
Tax expenses | (11,628) | (1,881) | 518.2% | |
Other operating (expenses) inc ome | (36,915) | (7,605) | 385.4% | |
Operating inc ome | (60,011) | (66,359) | -9.6% | |
Corporate Portfolio | 16,871 | 2,037 | 728.0% | |
Monitored Portfolio | 416 | 390 | 6.7% | |
Non-operating Inc ome | 17,287 | 2,427 | 612.3% | |
Inc ome tax and soc ial c ontribution | 3,530 | (3,445) | N/D | |
Profit Sharing | (1,552) | (7,630) | -79.7% | |
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Ac c ounting Net inc ome | (40,747) | (75,007) | -45.7% | |
Financial Margin - 1Q19
R$ million | |||
1Q19 | 4Q18 | 1Q18 | |
Financial Margin | |||
Income from financial intermediation | 28 | (15) | 37 |
Extraordinary income (A) | - | - | 1 |
Provision for loan losses | (30) | 3 | (20) |
Overhedge effect | (8) | (8) | (1) |
Managerial income from financial intermediation¹ (B) | (11) | (21) | 17 |
Average earning assets² (C) | 5,534 | 5,550 | 5,571 |
Managerial Financial Margin (%) (B-A)/C | -0.8% | -1.5% | 1.2% |
Financial Margin (%) (B/C) | -0.8% | -1.5% | 1.2% |
- Income from financial intermediation includes a non-recurring effect in the margin.
- Excludes repo transactions and the liability portion of derivatives and term sale of non-operating assets.
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Closed Deals¹ | 1,737 |
1,006
605621
456
1Q18 | 2Q18 | 3Q18 | 4Q18 | 1Q19 |
¹Closed Deals matches assets, onlendings, working capital, trade finance, exchange, guarantees among others.
Operational Data
125 232
55 109
165 352
jan17 fev17
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Banco Pine SA published this content on 05 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2019 00:46:22 UTC