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Luminor Building an Independent Baltic Banking Champion Luminor - - PowerPoint PPT Presentation
Luminor Building an Independent Baltic Banking Champion Luminor - - PowerPoint PPT Presentation
Luminor Building an Independent Baltic Banking Champion Luminor in a Snapshot Building a pan-Baltic bank to serve entrepreneurial people, focussing on local companies and financially active people Luminor s key financial
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Luminor in a Snapshot
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Building a pan-Baltic bank to serve entrepreneurial people, focussing on local companies and financially active people
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Luminor’s key financial highlights
EUR14.6bn EUR12.0bn
17.6%
EUR1.7bn
131% 114% 11.0%
EUR 8.2bn
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Key milestones of Luminor
August 2016 October 2017 December 2017 June 2018 January 2019* H1 2019*
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Luminor is led by an experienced management team
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Luminor is led by an experienced management team
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Vision to build an independent Baltic banking champion
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Key Investment Highlights
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Key investment highlights
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Aaa Aaa Aaa Aaa Aaa Aa1 Aa1 Aa2 Aa2 A1 A2 A2 A3 A3 A3 Baa1 Baa2 Ba1 NOR NLD SWD DNK DEU AUT FIN GBR FRA EST IRL POL ISL LTU LVA ESP ITA PRT
Strong Baltic macro driven by the continuing catch-up with Western Europe
20 40 60 80 100 120 140
ITA PRT BEL ESP FRA GBR Euro area AUT IRL DEU FIN NLD POL SWE LVA LTU DNK EST
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Baltics in early beginning of credit cycle with low levels of indebtedness
Estonia Latvia Lithuania
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Well funded Baltic banking sector with attractive profitability profile
Luminor Swedbank SEB
Market share in loans
Estonia Lithuania Norway Latvia Sweden Denmark Finland
261% 188% 152% 142% 116% 98% 95%
Denmark Sweden Norway Finland Estonia Latvia Lithuania
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Group
Strongly capitalized with comfortable capital buffers above regulatory requirements
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Robust liquidity and leverage ratios
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Low risk appetite with focus on asset quality over growth
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- Our current focus areas
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Overview of legal structure streamlining and ownership
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Financial Profile
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Financial performance and profile of the Group
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EUR million January-June 2018 Profit and Loss Items Net Interest Income (NII) 133 Net Commission Income (NCI) 41 Total Operating Income 181 Total Expenses Before Credit Losses (110) Profit Before Credit Losses 72 Credit Losses, net 7 Operating Profit 79 Tax On Profit For H1 2018 (3) Profit (loss) For H1 2018 76 Balance Sheet Items Total Loans to the Public 11,717 Deposits and Borrowing from the Public 8,232 Due to Credit Institutions 4,388 Total Equity 1,744 Key ratios1 of Luminor Group AB Return on Assets 1.0% Return on Equity 8.8% Cost / Income ratio 60.6%
Household 43% Corporates 31% Leasing & factoring 22% Business clients 3% Private banking 1% Estonia 28% Latvia 29% Lithuania 43% NIl 73% NCI 23% Other 4%
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Balanced and diversified loan portfolio
Households* Trade Management
- f real estate
Manufacturing Agriculture Transport Construction Electricity, gas, steam and air conditioning supply Accomodation
- f food service
Other
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Funding structure
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Luminor well positioned compared to selected European banks
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Zero tolerance on money laundering and financial crime risk
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Zero tolerance on money laundering and financial crime risk
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Luminor Estonia
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Luminor Latvia
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28 % 72 % 14 % 86 % 21 % 79 % 27 % 73 % 24 % 76 % 19 % 81 %
Luminor Lithuania
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Luminor Bank in details
Moody’s rating
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Appendix
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Summary of transaction with Blackstone-led consortium (Braavos)
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Key economic indicators of Baltics
LUX DEU SWE DNK LVA EST LTU FIN Euro area POL ITA FRA PRT EST ESP ITA FRA Euro area FIN LVA PRT LTU SWE BEL EST IRL DNK AUT GBR NLD POL DEU
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Financial performance and key ratios of Luminor Estonia (issuer)
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