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Annual Review 2018
ANNUAL REVIEW 2018
02
Our Pillars 04
Chairman’s Message 06
Financial Highlights Banco Finantia07
Our Activities 08
Consolidated Balance Sheet and Income Statement Finantipar (Parent Company)
09 Consolidated Balance Sheet and Income Statement
Banco Finantia 10
Corporate Responsibility 12
Corporate Bodies
One more award winning year
WHAT MAKES OUR DIFFERENCE?WE BELIEVE IN THE POWER OF
COMBINING DILIGENCE WITH HARD WORK
WHAT DISTINGUISHES OUR PERFORMANCE?WE EXCEL IN CONSTANTLY REACHING ABOVE
CLIENTS’ EXPECTATIONS
WHAT STANDS OUT IN OUR RESULTS?WE STRIVE TO OFFER OUR SHAREHOLDERS
WHAT SUITS THEIR INTERESTS BEST
MISSION
We recruit, train and develop the most talented professionalsWe create value for our shareholders, while keeping
our institution sound at all times
CULTURE
Exploring new paths every day
Mastering our strategic progress by closely monitoring results
VALUES
Excellence
Independence
Soundness
Integrity
Creativity Leading to above average growth and investment opportunities
Innovation Anticipating most of our clients’ needs
Seeking the best solutions and services Team Work
Sharing responsibilities and rewards
Our Pillars
02 FINANTIA GROUP ANNUAL REVIEW 2018
INDIVIDUALLY OR AS A GROUP, CONCENTRATING OUR FOCUS AND ENERGIES LEAD US TO SUCCESS
Financial conditions were adverse for banking activity, with credit spreads and transaction volumes
one of the highest in the European banking sector, placing Banco Finantia once again considerably
Our challenges remain high, whether in consolidating existing activities or in identifying new products
Our thanks to all who have contributed to the results achieved, especially to all of Finantia Group’s
Finantia Group
04 FINANTIA GROUP ANNUAL REVIEW 2018
Chairman’s Message
INTO OUR FOURTH DECADE, WE ARE PROUD TO CONSISTENTLY CONTRIBUTE
CAREFUL LISTENINGIS OUR COMMON PRACTICE,WHEN WE UNDERTAKE SO MANY NEW CHALLENGES IN TODAY’S FAST-PACED WORLD
€M€
06 FINANTIA GROUP ANNUAL REVIEW 2018
Financial Highlights
Banco Finantia
Finantia – Gestão e Consultoria Financeira
Capital increase with a new shareholder, Complete access to the
interbank money market
Transformation into Finantia – Sociedade
Launch of Finantia Capital and Finantia Corretora
Obtaining banking license
First Strategic Board of the Bank
Organisation of the “First International Conference on Emerging Markets”
IFRSEUR Million 2018
BALANCE SHEET
Total assets 2 027.8
Fixed income and loan portfolio 1 816.8
Customer deposits 900.9
391.2
RESULTS
Net interest Income 60.5
Operating income after impairments and provisions 68.2
38.6
PROFITABILITY (%)
ROE (1) 10.2
ROA (1) 2.1
SOLVENCY (BIS III FULLY LOADED %)
Ratio CET1 21.0
Total Solvency Ratio 21.0
PRODUCTIVITY / EFFICIENCY
34.0
Value per share (EUR)
0.26
Book value 2.61
Average number of shares in circulation (millions) 150
Number of shares at year end (millions) 150
(1) Value Before Tax
07 FINANTIA GROUP ANNUAL REVIEW 2018
M€
Our Activities
WE ARE AN INDEPENDENT BANK, OPERATING IN BOTH NATIONAL
AND INTERNATIONAL FINANCIAL MARKETS, AND CONSISTENTLY GROWING
Admission to the Founder’s Board of the Serralves Foundation
in Porto
20012000 2002
backed securities to the Portuguese market
Beginning of the international expansion
(London, Sao Paulo and New York)
Third place in the league of Eurobond
institutions Banco Finantia Spain
Award “Best Small Investment Bank in
the World”Euromoney award “Best M&A Bank”
PRIVATE BANKING
Investment and Savings SolutionsWide Range of Term Deposits
Secure Home Banking Specialist Portfolio Management
NEW YORK
SAO PAULO
LONDON
MADRID, BARCELONA, VALENCIA
LISBON, PORTO
MALTA
MIAMI
•
•
•••• •
CORPORATE FINANCE
DivestmentsRestructurings
Takeovers & Defenses
CORPORATE BANKING
Debt Raising and Structured FinancingSyndicated Loans
ForfaitingSale & Leasebacks
CAPITAL MARKETS
EurobondsCommercial Paper
Secondary Trading of DebtIPOs & Delistings
Consolidated Balance Sheet and Income Statement
Finantipar (Parent Company)
08 FINANTIA GROUP ANNUAL REVIEW 2018
EUR Million 2018
Net interest income 61.2
Net fee and other operating income 12.8
Impairments and provisions (4.9)
Operating income after impairment and provisions 69.0
Operating expenses (25.0)
44.0
39.9
EUR Million 2018
ASSETS
Cash and banks 120.7
Fixed income and loan portfolio 1 835.3
Other assets 91.2
Total assets 2 047.1
LIABILITIES
MM takings 11.4
Customer deposits 900.7
Repos 647.8
Other liabilities 76.8
1 636.8
EQUITY
Share capital, reserves and retained earnings 370.4
39.9
Total shareholders’ equity 410.3
2 047.1
Consolidated Balance Sheet
Consolidated Income Statement
2003 2008 2010
Euromoney award “Best Smaller Bank
in Europe”
Management of a syndicated loan for Akbars Bank Russia
(US$200 million) Total assets exceeding
20 years of Finantia in Portugal and 10 years in
Record placement of about US$3,000 million
companies
Management of a Eurobond issue
for Moscow Narodny Bank
Beginning of the Private Banking activity expansion
Expansion of activity in secondary markets,
with loans from issuers in Portugal, Greece, Ireland
and Central Europe
Consolidated Balance Sheet and Income Statement
Banco Finantia
09 FINANTIA GROUP ANNUAL REVIEW 2018
EUR Million 2018
ASSETS
Cash and banks 120.7
Fixed income and portfolio loan 1 816.8
Other assets 90.3
Total assets 2 027.8
LIABILITIES
MM takings 11.4
Customer deposits 900.9
Repos 647.8
Other liabilities 76.5
1 636.6
EQUITY
Share capital, reserves and retained earnings 352.6
38.6
Total shareholder’s equity 391.2
2 027.8
Consolidated Balance Sheet
EUR Million 2018
Net interest income 60.5
Net fee and operating income 12.6
Impairments and provisions (4.9)
Operating income after impairment and provisions 68.2
Operating expenses (24.9)
43.3
38.6
Consolidated Income Statement
2011 20132012 2018
Core Tier I and solvency ratio amongst the best in
Portuguese banking
programmes for Opening of Finantia
Private’s agency in Lisbon
Team building at the Portuguese Association for
Asperger’s Syndrome
Strategic Board Meeting at Palácio da Bolsa
in Porto
Volume of transacted assets in the trade
Conclusion of the deleveraging process
initiated in 2008
“Investment Bank of the Year in Portugal” and
“Private Bank of the Year in Portugal”
SOCIAL RESPONSIBILITY
APSA – Associação Portuguesa do Síndrome de AspergerCAPITI
Mercearia Social Santa Casa da Misericórdia
CULTURAL PATRONAGE
Founding member of Fundação Serralves
EDUCATION
degree in “International Economics and European Studies”Founding member of Fundação Económicas
10 FINANTIA GROUP ANNUAL REVIEW 2018
Corporate Responsibility
IN 2018, WE INCREASED OUR CONTRIBUTION TO VARIOUS SOCIAL
BY SUPPORTING SOCIAL, CULTURAL AND EDUCATIONAL CAUSES, WE PARTICIPATE IN THE BUILDING OF A MORE SUSTAINABLE WORLD
Banco Finantia
Banco Finantia
Banco Finantia
Banco Finantia
Banco Finantia Spain
Banco Finantia
Finantia Malta
Banco Finantia
Banco Finantia
Banco Finantia
Finantia UK
Banco Finantia
Banco Finantia Spain
Finantipar
Banco Finantia
Finantia USA
Banco Finantia
Banco Finantia
Banco Finantia
Banco Finantia
Finantipar
Finantipar
Banco Finantia
Banco Finantia
Banco Finantia
Banco Finantia Spain
Finantia UK
Banco Finantia
Banco Finantia
Banco Finantia
Banco Finantia
Finantipar
Finantia Brasil
Banco Finantia
Banco Finantia Spain
Banco Finantia
Ahmet Iplikci
(1)
António Guerreiro
António Vila-Cova
Armin Eckermann
Carlos Cuervo
Charles-Louis de Laguiche
David Guerreiro
Dominique de Guerre
Duarte Correia de Sá
Eduardo Catroga
Eduardo Costa
Filipe Marques
Hartmut Schott
Igor Souvorov
João Vieira de Almeida
José Archer (1)
Luisa Antas
Manuel Faria Blanc (2)
Marta Eirea
Michael Hamilton
Quoc-Bao Tran
Ricardo Caldeira
Riccardo Orcel
Rui Martinho
Sandra Guerreiro
Sérgio Zappa
Telma Oliveira
Tiago Lopes
Vaga Bartalini
Member Strategic Board
Member Strategic Board
Non Executive Member Board of Directors
Chairman Strategic Board
Non Executive Chairman Board of Directors
Non Executive Chairman Board of Directors
Managing Director
Member Strategic Board
Member Strategic Board
Executive Member Board of Directors
Managing Director
Member Strategic Board
Executive Member Board of Directors
Non Executive Chairman Board of Directors
Managing Director
Member Strategic Board
Member Strategic Board
Member Strategic Board
Chairman General Assembly
Non Executive Member Board of Directors
Chairman General Assembly
Non Executive Member Board of Directors
Secretary General
Non Executive Member Board of Directors
Chairman Executive Committee
Non Executive Member Board of Directors
Member Strategic Board
Executive Member Board of Directors
Member Strategic Board
Member Strategic Board
Managing Director
Representative Banco Finantia
Executive Member Board of Directors
Executive Member Board of Directors
Member Strategic Board
12 FINANTIA GROUP ANNUAL REVIEW 2018
Corporate Bodies
(1) Member Audit Committee Banco Finantia(2) Chairman Audit Committee Banco Finantia
Design and production graça abreu design Printing DG3leycol, London
Arranger and Lead Manager
Commercial Paper
Arranger and Lead Manager
Placement Entity
Term Loan Facility
MandatedLead Manager
€110,000,000
Manager
USD 200,000,000Senior Unsecured Term
Loan Facility
Arranger
Senior Unsecured Term Loan Facility
Lead Arranger
solar plants in Portugal and Spain
Financial Advisor
Lisbon | Barcelona | London | Madrid | Malta | Miami | New York | Porto | Sao Paulo | Valencia
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