Docstoc

Banco Ita

Document Sample
Banco Ita Powered By Docstoc
					Banco Itaú S.A.

             Conference Call
        First Quarter of 2001



                                1
                            Income Statement
  Itaú Consolidated
                                                                                      R$ Million

                               1st Quarter of   4th Quarter of   1st Quarter of    Variation (%)
                                    2001             2000             2000        Mar/01 x Mar/00


Net Interest Margin               1,465             1,633             1,102              32.9
Provision for Loan Losses          (234)            (294)             (151)              55.0
Banking Service Fees                982              958               802               22.4
Salaries, Employee Benefits     (1,402)          (1,539)           (1,153)               21.6
and Other Adm. Expenses
Recurrent Net Income                 651              620               365              78.4

EPS (per thousand shares)           5.51             5.03               3.10             77.7
Recurrent ROE Annualized         44.0%            42.9%              26.1%
Recurrent ROA Annualized           3.5%             3.6%              2.7%
                                                                                                   2
                    Credit Operations
Itaú Consolidated
                                                                               R$ Million

                                                                           Variation (%)
                                   03/31/2001   12/31/2000   03/31/2000   Mar/01 x Mar/00


Individuals                           5,404       4,486         3,016           79.2
Small and Medium-Sized Companies      2,049       2,115         1,214           68.8
Corporate                           17,370      15,216        11,680            48.7
Mortgage                              3,101       3,305         2,889             7.3
Credit Cards                          2,007       2,130         1,442           39.2
 TOTAL                              29,931        27,253      20,241            47.9


                                                                                            3
                              Provision for Loan Losses
                                                                                                                                                 R$ Million
    Itaú Consolidated                                                    1st Quarter of                        4th Quarter of
                                                                                                                                         Variation
                                                                              2001                                  2000

Expenses for the Provision for Loan Losses                                                  234                              294                 -20,2 %
                                                                        CREDIT PORTFOLIO
                               BALANCE                                                                                                               BALANCE
                                                                    Risk Level                                                     WRITE-OFF
      RISK LEVEL               Dec 31,00       New Contracts                            Settlement               TOTAL                               Mar 31,01
                                                                    Transfer


         AA                           -                    -                 -                       -                   -                   -                -
         A                                28                   10                 (0)                    (5)                  5              -                    33

         B                                70                   18                 (2)                 (12)                    3              -                    73
        C                                 52                   16                 (3)                 (11)                    2              -                    54

        D                             145                      39                (31)                 (30)               (21)                -                123
         E                                82                    4                 (4)                    (5)                 (5)             -                    77
         F                            212                      42                 (3)                 (17)                   22              -                234

         G                            135                       2                 2                      (4)                 (1)             -                134
        H                             707                      18            202                      (18)               203            (231)                 679
         Excess                       603                  -                     27                  -                       27          -                    630


         TOTAL                      2,033                  151               186                     (103)               234            (231)              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)




6.0

5.5

5.0
                                                              4.45%                          4.21% (2)
4.5

4.0

3.5

3.0    3.74%                     3.77%                        3.66%                          3.55%
2.5

2.0

1.5

1.0

0.5

0.0

           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                                       R$ Billion

                                                                        Variation (%)
                              03/31/2001   12/31/2000   03/31/2000
                                                                       Mar/01 x Mar/00

Deposits                         27.2         27.9         22.1              23.1
Borrowings and on-Lendings        8.6          6.9           5.5             56.4
Money Market repurchase
commitments and Acceptances      13.4         14.1           7.4             81.1
and Debentures

Total (Balance Sheet)            49.2         48.9         35.0              40.6
Mutual Funds and Portfolio       44.4         42.0         34.1              30.2
under Management

Total of Funding
                                 93.6         90.9         69.1              35.5
                                                                                     6
                                     Quantities
     Itaú Consolidated
                                             03/31/2001    12/31/2000    03/31/2000

Branches and CSBs                                 2,997         2,995        2,518

Current and Savings Accounts (million)             19.0          17.1          16.8

Credit Cards (million)                               3.5           3.3          2.4

Customers -Home & Office Banking (million)           1.6           1.4          1.2

Products per Customer – Banco Itaú
• Individuals                                        5.0           5.0          4.7
• Business                                           4.6           4.4          3.6

                                                                                      7
                                Fair Market Value
   Itaú Consolidated                                                              R$ Million

                                                                                                Variation (%)
                                                03/31/2001     12/31/2000      03/31/2000
                                                                                               Mar/01 x Mar/00

Excess Provision for Loan Losses                      630            603             625                  0.8

Excess Provision for Securities                       655            746             746               -12.2

Other Unrealized Gain                                 861            902             864                -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


                                                                                   R$ Million

                                                 Mar 31, 2001   Dec 31, 2000   Mar 31, 2000

Foreign Investments                                 4,045           3,708         2,626
Net value of assets and liabilities in foreign
currency, including derivatives                   (1,673)         (1,252)            14
Net Foreign Exchange Position                       2,372           2,456         2,639




                                                                                                9
                   Results of Foreign Investments
                                                                                                           R$ Million
  1ST Quarter of 2001

Foreign Exchange Variation on Investments Abroad                                                                374
Effect from Foreign Exchange Risk Management on Inv. Abroad                                                     (87)
    Results Abroad                                                                                              287

Funding Expenses (DI)                                                                                         (133)
Management Margin - Investiments Abroad                                                                         154


  The effects of exchange variation on foreign investments are distributed in the Statement of Income according to
  the nature of the corresponding accounts.

                                                                                             US$

                                      Date             Exchange Rate             Variation

                                   09/30/00                      1.8437
                                   12/31/00                      1.9554                     6.1%
                                   03/31/01                      2.1616                    10.6%

                                                                                                                        10
                                 Efficiency Ratio



                      58.4%                                      59.7%
                                    56.6%          56.3%                       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
                                                   BALANCE SHEETS
                                                                                                                    US$ Million
                                                                 1ST Q./01                     4TH Q./00       1ST Q./00
ASSETS                                               Pesos          US$             Total        Total           Total
   Current Assets and Long-Term Assets                   144           540             684             675             686
  Cash and Cash Equivalents                                21          101             122              97              78
Securities                                               -               25              25             24              82
Loans                                                      88          266             354             397             407
Provisions                                               (20)           (13)            (32)           (34)            (40)
 Other Credits                                             42          161             203             178             145
 Other Assets                                              12             0              12             14              15
Permanent                                                  70          -                 70             70              75

Total Assets                                             214           540             753              745              761

LIABILITIES
   Current Liabilities and Long-Term Liabilities         220           386             606              597              613
Deposits                                                 175           296             471              475              463
 Other Liabilities - Financial                            26             90            116              102              131
Other Liabilities                                         19              0             20               20               19
 Stockholders’ Equity                                    147           -               147              148              147
 Capital and Reserves                                    148           -               148              181              156
Previous Results                                           (1)         -                (1)             (32)              (8)

Total Liabilities                                        367           386             753              745              761

                                                   RELEVANT DATA
                                                                               1 Q./01
                                                                               ST              4
                                                                                               TH   Q./00      1 Q./00
                                                                                                               ST



Net Distribution
  Branches                                                                               84              90               94
 CSBs                                                                                    29              26               22
   Automated Teller Machines                                                            328             339              352
 Active Customers (thousand)                                                            162             156              150
Employees                                                                             1,417           1,433            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 – April 24, 2000 - Gustavo Loyola, Iran Siqueira Lima and Alberto
        Sozin Furuguem (highly qualified professionals with acknowledged experience in the
        capital markets);

        • 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).

                                                                                               15

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:0
posted:10/8/2012
language:English
pages:15