Colombian Economy & Banking Sector Analysis
International Banking
$MM1
Q2/20
Y/Y
Q/Q
Reported
•
Net Income²
$173
(72%)
(66%)
Pre-Tax, Pre Provision Profit
$1,242
(15%)
(5%)
Revenue
$2,707
(9%)
(8%)
•
Expenses
$1,465
(2%)
(10%)
PCLS
$1,019
+74%
+79%
Productivity Ratio
54.1%
+330 bps
(160 bps)
•
Net Interest Margin³
4.28%
(34 bps)
(23 bps)
PCL Ratio4
2.78%
+106 bps
+121 bps
PCL Ratio Impaired Loans4
1.45%
+15 bps
•
Adjusted 5
Net Income²
$197
(72%)
(68%)
Net Income - Ex Divested
$197
(63%)
(65%)
Ops.2
Pre-Tax, Pre Provision Profit
$1,287
(14%)
(7%)
YEAR-OVER-YEAR HIGHLIGHTS1
Adjusted Net Income ex. divestitures down 63% 2,5
o Higher performing loan PCLs
Ex divested operations, PTPP up 1%
Revenues ex. divestitures up 2%
Strong loan and deposit growth of 11% ex.
divestitures
NIM down 34 bps³
。 Mainly driven by asset mix, and lower rates due
to policy rate reduction in Mexico
Adjusted Expenses ex. divestitures up 2%
о Good cost control across PAC and C&CA
Adjusted YTD operating leverage of -0.6%5 ex.
divestitures
ADJUSTED NET INCOME 2,5 ($MM) AND NIM³ (%)
Expenses
$1,420
(3%)
(8%)
4.62%
4.51%
4.51%
4.51%
PCLS
$1,019
+133%
+107%
4.28%
Productivity Ratio
52.5%
+270 bps
(40 bps)
724
761
725
615
141
PCL Ratio4
2.78%
+147 bps
+142 bps
156
154
55
PCL Ratio Impaired Loans4
1.45%
+15 bps
+8 bps
568
620
197
571
560
197
1 Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on
a reported basis
Q2/19
Q3/19
Q4/19
Q1/20
Q2/20
2 Attributable to equity holders of the Bank
3 Net Interest Margin is on a reported basis
4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
5 Refer to Non-GAAP Measures on Slide 44 for adjusted results
Ex. Divested Ops
Divested Ops
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