Habib Bank AG Zurich...2 Including "Gross result from interest operations", "Result from comission...
Transcript of Habib Bank AG Zurich...2 Including "Gross result from interest operations", "Result from comission...
Habib Bank AG Zurich
2016 Interim results
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Habib Bank AG Zurich
GROUP
Group key figures
in CHF million
Balance sheet 6 months ending
30.06.156 months ending
31.12.156 months ending
30.06.16Change in % to
31.12.15 Total assets 9'754 10'583 11'840 11.9
Shareholder's equity 1 967 1'000 997 -0.3
Total loans (after netting) 3'021 3'195 3'208 0.4
Customer deposits 7'870 8'696 8'888 2.2
Income statement 30.06.15 31.12.15 30.06.16Change in % to
30.06.15
Total income 2 219.3 177.9 178.0 -18.8
Operating expenses 95.0 99.0 103.8 9.3
Operating result 104.2 44.0 68.1 -34.6
Group profit / loss 63.2 25.0 35.6 -43.7
Key figures and ratios 30.06.15 31.12.15 30.06.16Return on equity (ROE) (%) 3 10.6 7.3 5.8
Equity ratio (%) 12.2 11.6 10.3
Cost / income ratio (%) 43.3 52.9 58.3
Total capital ratio (%) 19.4 19.9 18.9
Liquidity coverage ratio (%) 4 188.0 171.0 102.0
Leverage ratio (%) n/a 9.8 8.9
1 clu in min rit interest in e uit an in Gr u r t l ss2 Including "Gross result from interest operations", "Result from comission business and services", "Result from trading activities and the fair value option" and "Other result from ordinary activities"3 Annualise Gr u r t l ss as ercenta e e uit a era e at ear en 201 an at 0 06 20164 3-month average
0
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6000
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10000
30.06.1631.12.1530.06.15
7'8708'696 8'888
Customer deposits, in CHF million
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30.06.1631.12.1530.06.15
63.2
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35.6
Group profit, in CHF million
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20
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30.06.1631.12.1530.06.15
18.919.919.4
Total capital ratio (%)
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Habib Bank AG Zurich
GROUP
Board of Directors
The Board of Directors of the Bank is made up of non-executive and independent directors, all of whom have extensive experience in their respective field of competence.
Name Born Citizenship Board of Directors Audit CommitteeRisk & Control Committee
Dr. Andreas Länzlinger 1959 Swiss Chairman
Urs W. Seiler 1949 Swiss Vice Chairman Member Member
Ray Barnes 1945 British Member Member
Dr. Marco Duss 1943 Swiss Member Chairman
Ursula Suter 1954 Swiss Member Chairwoman
Dr. Stephan Thaler 1962 Swiss Member Member
General Management
General Management consists of two members of the Habib family and three non-family members. The majority of the members of General Management have residency in Switzerland.
Name Born Citizenship FunctionMuhammad H. Habib 1959 Swiss President
Mohamedali R. Habib 1964 Canadian Group CEO
Rajat Garg* 1963 Singaporean Member of General Management and Head of Developed Markets
Anjum Iqbal** 1952 British Member of General Management and Head of Emerging Markets
Walter Mathis 1961 Swiss Member of General Management and Head of Shared Services* from 18 April 2016 ** from 29 March 2016
Group organisation structure
Management of the branch network
Name Born Citizenship Function CountryChristian Lerch 1959 Swiss Country Manager Switzerland
Zahid Parekh 1959 Pakistani Country Manager United Arab Emirates
Mohammad Ali Hussain 1954 Kenyan Country Manager Kenya
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Habib Bank AG Zurich
GROUP
Management of the subsidiaries
Name Born Citizenship Function Country
Muslim Hassan 1955 Canadian Chief Executive Officer Canada
Zafar Khan 1952 South African Chief Executive Officer South Africa
Mohammed Jafri 1951 British Chief Executive Officer Isle of Man
Atif Mufti 1973 Pakistani Chief Executive Officer United Arab Emirates*
Sirajuddin Aziz 1956 Pakistani Chief Executive Officer Pakistan
Ikram Quraishi 1948 USA Chief Executive Officer Hong Kong
Anjum Iqbal** 1952 British Chief Executive Officer United Kingdom
* HBZ Services FZ-LLC** ad interim
Group Internal Audit
Name Born Citizenship FunctionHaroon Ahmad 1975 Pakistani Head of Group Internal Audit
Group Support Functions
Name Born Citizenship FunctionHaja Alavudeen 1966 Indian Head of Group Information & Technology Risk
Umair Chaudhary 1968 British Group Chief Operating Officer
Adnan Fasih 1967 Pakistani Head of Group Islamic Banking
Felix Gasser 1959 Swiss Head of Group Risk Control
Dr. Sitwat Husain 1964 Pakistani Head of Group Human Resources
Arif Lakhani 1945 Pakistani Head of Group Wealth Management
Dr. Pascal Mang 1964 Swiss Head of Group Legal & Compliance
Alfred Merz 1962 Swiss Head of Group Financial Control
Atif Mufti 1973 Pakistani Head of Group Operations
Syam Pillai 1962 Indian Head of Group Information Technology
Sibel Sanus 1954 Turkish Head of Group Financial Institutions
Ralph Schneider 1964 Swiss Head of Group Credit
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Habib Bank AG Zurich
GROUP
in CHF 000's 30.06.16 31.12.15
Assets
Liquid assets 1'090'164 1'042'715
Amounts due from banks 2'503'645 2'470'380
Amounts due from securities financing transactions 187'782
Amounts due from customers 2'756'340 2'774'605
Mortgage loans 451'449 420'757
Trading portfolio assets 715 98
Positive replacement values of derivative financial instruments 11'968 8'092
Other financial instruments at fair value 3'227'609 2'437'957
Financial investments 1'185'422 1'139'177
Accrued income and prepaid expenses 244'387 123'623
Non-consolidated participations 88 88
Tangible fixed assets 84'459 86'936
Intangible assets 2'756 3'428
Other assets 93'216 74'782
Total assets 11'840'000 10'582'638
Balance sheet (unaudited)
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Habib Bank AG Zurich
GROUP
in CHF 000's 30.06.16 31.12.15
Liabilities
Amounts due to banks 487'202 381'948
Liabilities from securities financing transactions 926'183 72'946
Amounts due in respect of customer deposits 8'888'059 8'695'754
Negative replacement values of derivative financial instruments 15'622 10'918
Accrued expenses and deferred income 271'923 142'945
Other liabilities 17'540 35'333
Provisions 8'816 17'991
Reserves for general banking risks 556'435 556'136
Bank's capital 150'000 150'000
Retained earnings reserves 289'006 255'186
Currency translation reserves -22'536 -13'073
Minority interest in equity 216'242 188'327
Group profit / loss 35'508 88'228
- of which minority interests in group profit / loss 11'275 36'408
Total liabilities 11'840'000 10'582'638
Off balance sheet transactions
Contingent liabilities 1'368'306 1'182'316
Irrevocable commitments 1'596 1'596
Credit commitments 198'925 212'407
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Habib Bank AG Zurich
GROUP
Income statement (unaudited)
in CHF 000's 30.06.16 30.06.15
Result from interest operations
Interest and discount income 117'937 116'282
Interest and dividend income from financial investments 122'141 128'061
Interest expense -120'180 -116'786
Gross result from interest operations 119'898 127'557
Changes in value adjustments for default risks and losses from interest operations -20'235 -10'416
Subtotal net result from interest operations 99'663 117'141
Result from commission business and services
Commission income from securities trading and investment activities 2'868 3'156
Commission income from lending activities 14'826 15'236
Commission income from other services 23'942 23'342
Commission expense -2'660 -2'481
Subtotal result from commission business and services 38'976 39'253
Result from trading activities and the fair value option 39'113 51'662
Other result from ordinary activities
Result from the disposal of financial investments -6 20
Result from real estate 406 769
Other ordinary expenses -121
Subtotal other result from ordinary activities 279 789
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Habib Bank AG Zurich
GROUP
in CHF 000's 30.06.16 30.06.15
Operating expenses
Personnel expenses -69'574 -64'521
General and administrative expenses -34'251 -30'474
Subtotal operating expenses -103'825 -94'995
Value adjustments on participations, depreciation and amortisation on tangible fixed and intangible assets -4'555 -5'871 Changes to provisions and other value adjustments, and losses -1'537 -3'754
Operating result 68'114 104'225
Extraordinary income 1'425 463
Changes in reserves for general banking risks -4'492 -7'803
Taxes -29'539 -33'727
Group profit / loss 35'508 63'158
- of which minority interests in group profit / loss 11'275 23'500
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Habib Bank AG Zurich
GROUP
Addresses
Head Office and operation
Habib Bank AG ZurichWeinbergstrasse 59, PO Box 2258042 Zurich / Switzerland
Telephone: (+4144) 269 45 00Email: [email protected]
Branches
United Arab Emirates Habib Bank AG ZurichUmm Al SheifShaikh Zayed RoadP.O. Box 3306Dubai / UAE
Telephone: (+9714) 373 5200Email: [email protected]
Kenya Habib Bank AG ZurichHabib HouseKoinange StreetP.O. Box 30584, 00100 GPONairobi / Kenya
Telephone: (+25420) 334 1172 / 76 / 77 Email: [email protected]
Subsidiaries
Habib Canadian Bank Habib Canadian Bank Canada 918 Dundas Street East
Suite 400Mississauga, Ontario L4Y 4H9 / Canada
Telephone: +1 (905) 276 5300Email: [email protected]
HBZ Bank Ltd. HBZ Bank Ltd.South Africa 135 Jan Hofmeyr Road
P.O. Box 1536, WestvilleWandsbeck 3631 / South Africa
Telephone: (+2731) 267 4400Email: [email protected]
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Habib Bank AG Zurich
GROUP
Subsidiaries
Habib European Bank Ltd. Habib European Bank Ltd.Isle of Man 14 Athol Street
Douglas / Isle of Man IM1 1JATelephone: (+441624) 622 554 / 629 857 Email: [email protected]
HBZ Services FZ LLC HBZ Services FZ LLCUnited Arab Emirates Dubai Outsource Zone
PO Box 186997Dubai / UAE
Telephone: (+9714) 387 07 00
Habib Metropolitan Bank Ltd. Habib Metropolitan Bank Ltd.Pakistan Spencer's Building
I.I. Chundrigar RoadKarachi-74200 / Pakistan
Telephone: (+9221) 111 14 14 14Email: [email protected]
Habib Bank Zurich (Hong Kong) Ltd. Habib Bank Zurich (Hong Kong) Ltd.Hong Kong 1701-05, 17 / F, Wing On House,
71, Des Voeux Road Central,Hong Kong
Telephone: (+852) 2521 4631Email: [email protected]
Habib Bank Zurich Plc Habib Bank Zurich PlcUnited Kingdom Habib House
42 MoorgateLondon EC2R 6JJ / UK
Telephone: (+44207) 452 0200Email: [email protected]
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Habib Bank AG Zurich
GROUP
Representative offices
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Hong Kong Habib Bank AG Zurich
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Pakistan Habib Bank AG Zurich
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arachi 200 akistanele h ne 221 111 1 1 1mail in habibmetr c m