Corporate Presentation September 2019 Asdrbal Zamora Corrales - - PowerPoint PPT Presentation

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Corporate Presentation September 2019 Asdrbal Zamora Corrales - - PowerPoint PPT Presentation

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Clic para editar ttulo Corporate Presentation September 2019 Asdrbal Zamora Corrales Investment Advisor & Expat Liaison azamora@asesorcoopenae.fi.cr FB: CD Investments in Costa Rica Relevant Figures - Total assets (Sept 2019),

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Corporate Presentation

September 2019

Asdrúbal Zamora Corrales

Investment Advisor & Expat Liaison

azamora@asesorcoopenae.fi.cr

FB: CD Investments in Costa Rica

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Relevant Figures

  • Total assets (Sept 2019), $1.392 million.
  • More than 135,700 Members (Sept 2019), only 647 employees.
  • Wide range of competitive products, almost equal to leading banks.
  • Largest credit union in Costa Rica and Central America
  • The 6th largest credit union in Latin America
  • Rated by Fitch Ratings, F1+(cri), AA-, outstanding performance
  • Audited by KPMG-Peat Marwick, world wide banks audit company
  • Supervised by SUGEF (C. R. Government) in an excellent way: 1,03
  • Credit default rate, one of the lowest of the financial system in C. R.
  • Target market: personal loans mostly to government employees
  • Interest rates for CD´s always higher than C.R. banks, today 10% on

a 3-years term colones certificate of deposit (CD).

  • Investors English customer service all over C. R. by Asdrúbal Zamora
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Background Information of Costa Rica

  • Population, approximately 5 million
  • Land area: 51,000 square kilometers
  • Annual inflation for: 2018 was 2.03%; 2017 was 2,57%;

2016 was 0,77%.

  • Exchange rate, US$ 1 to ¢600 (colons)
  • Assets of Financial Institutions represent 90% of our

annual GDP (we call it PIB)

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SLIDE 4

Balance Sheet

  • USD

D milli illions -

Assets 1,392 100.0 1,312 100.0 79 6.05 Current Assets 1,311 94.2 1,210 92.2 101 8.4 Net Loans 951 68.3 870 66.3 81 9.3 Investments 361 25.9 340 25.9 20 6.0 Improductive Assets 81 5.8 102 7.8

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  • 21.3

Capital and Liabilities 1,392 100.0 1,312 100.0 79 6.1 Total Liabilities 1,160 83.3 1,106 84.3 53 4.8 Liabilities with financial cost 1,109 79.6 1,056 80.4 53 5.0 Savings 804 57.8 733 55.8 72 9.8 Debts with other banks 304 21.9 323 24.6

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  • 5.8

Liabilities with out financial cost 51 3.7 51 3.9 0.4 Shareholder's Equity 232 16.7 206 15.7 26 12.8 Equity capital 152 10.9 144 11.0 8 5.5 Share premium and others 80 5.8 62 4.7 18 29.7 Variation sep.-19 dic-18

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Financial Revenues

153 100.0% 173 100.0% 23 13.1%

Financial Expenses

110 72.3% 123 70.9% 19 15.5%

Goss Financial Profits

42 42 27.7% 50 50 29.1% 4 7.4%

Services result

6 4.0% 6 3.2% 2 40.0%

Other operating result

  • 2
  • 1.4%

1 0.4%

  • 4
  • 532.3%

Profits before OE

46 46 30.3% 57 57 32.7% 2 4.3%

Total operating expenses

32 32 20.7% 40 40 22.9% 1 1.6%

Personnel expenses

16 10.6% 21 12.0% 0.1%

Other Operating Expenses

15 10.0% 19 11.0% 1 3.4%

Net Profits

15 15 9.6% 17 17 9.8% 2 10.5%

Annual Variation

dic.-18 sep-19

Income Statement

  • USD

D milli illions -

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Source : COOPENAE database

33 144 600 1,198 1,240 1,280 1,312 1,392

2000 2005 2010 2015 2016 2017 2018 sep-19

Total Assets Growth

  • USD

SD mi mill llions -

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135,745 79,715

Members

2011 Sept-2019

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Source: www.sugef.fi.cr september 2019 data

C.R. National Financial System

4

Ba Banks ow

  • wned by

by th the Gov

  • vernment or
  • r

cr created by by Sp Special law 46,9 ,91%

11

Priv rivate Ba Banks 33,2 ,29%

2

Mu Mutual as associa iation (Housin ing) 3,6 ,64%

5

Oth ther fin financia ial co companies 1,1 ,13%

1

Ca Caja ja de e An Ande 4,1 ,18%

23

Cr Credit Uni nions 10,8 ,84%

46

Fin Financia ial En Entities

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Market Share

  • Cr

Credit it Unio ions -

Source : www.sugef.fi.cr september 2019 data

3,2 3,23% 3,9 3,97% 5,2 5,23% 7,4 7,42% 7,8 7,85% 8,2 8,27% 9,1 9,16% 9,8 9,83% 9,8 9,89% 9,8 9,89% 10, 10,26% 10, 10,84%

2001 2003 2005 2007 2009 2011 2013 2015 2016 2017 2018 sep-19 19

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Ranking – Private Financial System

  • USD millions -

Amount # Amount # Amount # Amount # Bac Credomatic 6.147 1 3.356 1 727 1 74 1 Scotiabank 3.674 2 1.783 2 450 2 8 6 Davivienda Bank 3.075 3 1.304 3 298 3 13 4 Promerica Bank 2.008 4 1.061 5 133 8 3 15 Coopenae 1.392 5 783 6 232 4 15 3 Profits Loans Company Assets Equity

Source : www.sugef.fi.cr September 2019 data

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104 times

A government bank

20 times

A Special law bank

9 times

Private bank

On On 1995 1995

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8.8 times

A government bank

4.5 times

A Special law bank

4.8 times

Private bank

On On 2018 2018

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6

As Assets: : USD SD 1.31 .312

4

CREDICITRUS Assets: : USD 1. 1.45 457

5

CC VALE DO ITAJAI – VIACREDI Assets: : US USD 1. 1.36 364

2

COOPEUCH Assets: : USD 2. 2.36 363

3

JUVENTUD ECUATORI RIANA PRO PROGRESI SISTA LTDA Assets: : USD 1. 1.92 920

1

CAJA PO POPULAR MEXI XICANA

(*)

Assets: : USD 2. 2.72 723

(*) = September 2018 data

Credit Unions Ranking

Latin tin Americ ica - 2018 2018

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Su Sugef lim imit: : <= <= 3.00 3.00%

Credit default rate

(loans late more than 90 days)

Coopenae

Source : COOPENAE database

1,04% 1,05% 1,05% 1,14% 1,14% 1,14% 1,28% 1,25% 1,25% 1,25% 1,35%

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Credit default rate

(loans late more than 90 days) National Fin inancial l Syste tem

3,22% 2,33% 2,27% 1,90% 1,50% 4,06% 2,47% 1,35%

Ban ancos del Estado Ban anco Ley especial al Ban ancos Privad ados Finan ancieras as Cooperat ativas as Mutual ales SFN TOTAL Coopenae ae

Government Banks Special law Bank Private Bank Credit Unions Total NFS Coopenae Mutual association (Housing) Other financial companies

Source : www.sugef.fi.cr August 2019 data

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Liquidity

11.0% 13.0% 15.0% 17.0% 19.0% 21.0% 23.0% 25.0% 27.0% 29.0% 31.0% 33.0%

  • ct.-17

nov.-17 dic.-17 ene.-18 feb.-18 mar.-18 abr.-18 may.-18 jun.-18 jul.-18 ago.-18 sep.-18

  • ct.-18

nov.-18 dic.-18 ene.-19 feb.-19 mar.-19 abr.-19 may.-19 jun.-19 jul.-19 ago.-19 sep.-19

Inversiones / Activo SFN Inversiones / Activo Coopenae

Source : www.sugef.fi.cr September 2019 data

Investment / Assets NFS

Investment / Assets Coopenae

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SLIDE 17

Source : COOPENAE database

Certificates of deposit Coopenae Portfolio

  • USD millions -

269 339 398 515 534 599 624 609 622 688

2010 2011 2012 2013 2014 2015 2016 2017 2018 sep- p-19

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Sour urce:

  • Public Banks and Private Banks: at june 2019
  • Coopenae: at june 2019

Capital Adequacy Ratio (CAR)

9.0% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% 16.0% 17.0% 18.0% 19.0% 20.0% 21.0% 22.0% ago.-15

  • ct.-15

dic.-15 feb.-16 abr.-16 jun.-16 ago.-16

  • ct.-16

dic.-16 feb.-17 abr.-17 jun.-17 ago.-17

  • ct.-17

dic.-17 feb.-18 abr.-18 jun.-18 ago.-18

  • ct.-18

dic.-18 feb.-19 abr.-19 jun.-19

Publico Privado Coopenae

Government Banks Private Bank

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Best practices

  • FITCH Risk Rating, since 2007
  • Optimal qualification as local Borrower
  • Internationally recognized external auditors
  • Internal Audit unit
  • Self Regulation:

Ratio SUGEF

Coopenae

Credit Default Rate < 3% < 2,00% Liquidity over savings 15 % > 25 % ROE > 0 % 300 bp over inflation rate CAR >= 10% > 18% Interest rate risk 5% 1% Foreign exchange risk 5% 0,80% CAMELS – Risk model 1,75 Normal 1,03

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Asdrúbal Zamora Corrales Investment advisor & expat liaison azamora@asesorcoopenae.fi.cr

FB page: CD Investments in Costa Rica