main figures and indicators as of December 31st 2012

Transcription

The Uruguayan
financial
system
main figures and indicators
as of December 31st 2012
01
02
03
04
05
06
Introduction
pág. 03
Main figures
pág. 06
Indicators
pág. 22
Ranking of institutions
pág. 26
Bank´s
Credit ratings
pág. 32
Credit ratings in Latin
pág. 36
America
01
Introduction
01
4
introduction
Structure of the Financial System
The participants of the Uruguayan Financial
System
are
financial
institutions
(banks,
banking
houses,
financial
intermediation
cooperatives,
offshore
banks,
consortiums),
credit
administrators, representative offices and
exchange houses. Since the year 2010, new
institutions are regulated by the Central Bank
of
Uruguay:
financial
services
companies, transfer fund companies and
providers of administrative, accounting and
data processing services.
Main figures in 2012
The objectives of the current bulletin is to
present the main figures and indicators of the
banking system as of December 31st, 2012
and its evolution in the last years. The figures
and indicators were elaborated by means of
information published by the Central Bank of
Uruguay in its website and converted into
American dollars using the USD/$ exchange
rate published by the Uruguayan Central
Bank . The information for the BHU is not
available yet, for that reason is considered to
elaborate this bulletin the last data available
of November 2012.
The Uruguayan banking system in the 2012
showed an increase in the volume of deposits
and loans and thus continues the growing
trend of recent years. Foreign currency
deposits increased compared to December of
2011 while there was a fall in domestic
currency deposits, particularly in private
banks.
The national currency loans to non financial
non public sector granted by official banks
showed an increase in the second half of 2012
surpassing the fall of the first half, as the same
way credit extended by private banks
continued their evolution.
Regarding the results, private banks have
improved compared with 2011 obtaining
positive result contrasting the negative results
of 2011. Among the gains observed in this
period it stands out the increase in the
performance of banks BBVA , Banco Itaú and
Banco Santander. In contrast to this Public
Banks reduced their profit compared with
2011.
01
5
introducción
AMOUNT OF FINANCIAL INSTITUTIONS PER TYPE
Credit Administrators
Public Banks
2
Private Banks
11
Representative Offices
32
Financial Houses
5
Exchange Houses
55
Offshore Banks
4
Financial Services Companies
26
Cooperatives
1
Fund Transfer Companies
8
Service Providers
29
Consortiums
2
(16 major y 16 minor)
32
02
Main figures
02
7
Main figures
Financial Statements Main figures
OFFICIAL BANKS
31/12/2008
31/12/2009
31/12/2010
31/12/2011
31/12/2012
US$ miles
US$ miles
US$ miles
US$ miles
US$ miles
Assets
9.175.990
10.427.609
11.574.783
13.284.882
14.942.401
Liabilities
8.237.054
8.942.372
9.945.117
11.507.418
12.963.062
Equity
938.936
1.485.237
1.629.666
1.777.464
1.979.339
Contingencies
197.063
183.153
190.291
218.895
268.012
6.932.037
7.114.071
7.642.761
8.832.438
10.065.545
Net Income / Losses
168.687
59.918
171.494
326.451
263.969
Net interest income
410.789
630.178
651.995
778.058
869.423
Net fee and commission
income
36.940
48.276
45.861
50.992
57.722
Operating income
115.668
108.007
61.056
62.926
50.177
Operating expenses
366.474
613.561
572.847
527.881
628.013
Memoranda Accounts
02
8
Main figures
Financial Statements Main Figures
PRIVATE BANKS
31/12/2008
31/12/2009
31/12/2010
31/12/2011
31/12/2012
US$ miles
US$ miles
US$ miles
US$ miles
US$ miles
Assets
9.808.772
11.622.314
13.798.707
15.634.285
17.250.690
Liabilities
8.972.497
10.510.206
12.632.282
14.447.973
15.948.760
Equity
836.275
1.112.108
1.166.426
1.186.312
1.301.930
Contingencies
815.747
980.597
1.223.799
1.408.806
1.771.640
Memoranda
Accounts
14.812.034
16.189.159
22.589.589
25.816.845
30.195.702
Net Income /
Losses
19.893
-91.439
26.105
-23.880
115.533
Net interest
income
311.816
404.435
476.759
470.584
688.073
Net fee and
commission
income
82.425
128.931
139.964
144.080
183.652
Operating income
19.684
43.465
29.537
46.523
36.494
Operating
expenses
360.232
713.928
676.810
715.141
847.792
02
9
Main figures
Results per type of Institution
Amounts in thousands of US$
64.847
115.533
94.410
73.090
89.655
2006
26.105
27.029
19.893
15.307
107.998
58.960
34.389
(9.086)
2005
65.525
210.678
232.042
123.193
153.380
2007
2008
BROU
Banco Bandes Uruguay S.A.
Banco Heritage (Uruguay)
19.894
40.024
(91.439)
2009
2010
BHU
(23.880)
2011
198.444
2012
Private Banks
(15.848)
(17.821)
(380)
(1.948)
2.487
8
3.972
Banco de la Nación Argentina
Lloyds TSB Bank plc
(1.343)
HSBC Bank (Uruguay) S.A.
13.390
(7.448)
14.930
6.462
17.142
Discount Bank (Latin America) S.A.
Nuevo Banco Comercial S.A.
(3.291)
2012
23.998
10.788
34.010
Citibank N.A. Sucursal Uruguay
Banco Bilbao Vizcaya Argentaria Uruguay S.A. *
144.465
(36.416)
Banco Santander S.A.
14.892
Banco Itaú Uruguay S.A.
12.238
2011
41.034
79.497
74.848
94.410
Banco Hipotecario del Uruguay
Banco de la República Oriental del Uruguay
232.042
-50000
0
50000
100000
150000
200000
*The data for the year 2010 corresponds to the sum of Bank Bilbao Vizcaya Argentaria Uruguay and
Bank Credit Uruguay.
250000
10
02
principales cifras
Deposits
EVOLUTION OF NON FINANCIAL SECTOR DEPOSITS
US$ millions
25.000
13.732
20.000
12.394
15.000
BROU
10.836
9.308
7.893
10.000
5.000
6.354
713
653
545
BHU
5.519
4.743
742 612
783
3.827 4.397
3.413
664
10.301 11.657
666
592
521
8.681
7.586
297
5.038 5.775 6.439
3.618 4.205 4.207 4.627
Private Banks
2002
2003
2004
2005
2006
Citi, 5%
HSBC, 7%
Discount
Bank, 7%
Banco de la
Nación, 1%
Santander,
29%
NBC, 11%
BBVA, 17%
Banco
Itaú, 18%
2008
2009
2010
2011
2012
DEPOSIT DISTRIBUTION BY AMOUNT as of
30.06.12
MARKET SHARE PRIVATE BANKS
Bank
Lloyds Heritage, 2 BancoBand
es, 1%
Bank, 2%
%
2007
Smaller than U$S
5.000
Between US$ 5.000
and 10.000
Between US$ 10.000
and 20.000
Between US$ 20.000
and 50.000
Between US$ 50.000
and US$ 100.000
Bigger than US$
100.000
5%
3% 2%
5%
6%
79%
02
11
Main figures
Deposits
NON FINANCIAL SECTOR DEPOSITS
Millions of US$
25.000
20.000
18.039
16.178
15.000
14.287
10.000
8.208 8.816
7.623 7.813
5.000
9.465
11.500
12.839
7.061 8.003
4.667 5.943
3.575
3.447
1.137 1.384 1.970 2.405
-
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
local currency
foreign currency
Millions of US$
25.000
3.659
3.184
20.000
3.072
2.950
15.000
10.000
5.000
1.455 1.597
1.640
1.682
1.795
22.375
20.056
2.531
17.159
12.544
14.556
9.539 11.117
7.305 7.599 8.538
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Residents
Non residents
12
02
Main figures
Deposits
NON FINANCIAL SECTOR DEPOSITS
(Banks (official and private)
Millions of US$
25.000
20.000
15.000
10.000
5.000
Now accounts
Term accounts
Total
Source: Statistics series published by UCB. Includes the chapter 22010 deducted the account
144101 and 17600
dic-12
dic-2011
dic-2010
dic-2009
dic-2008
dic-2007
dic-2006
dic-2005
dic-2004
dic-2003
dic-2002
dic-2001
dic-2000
dic-1999
dic-1998
0
02
13
Main figures
Private Banks Deposits
PRIVATE BANKS DEPOSITS BY CURRENCY
Millions of US$
local currency
foreign currency
dic-2012
dic-2011
dic-2010
dic-2009
dic-2008
dic-2007
dic-2006
dic-2005
dic-2004
dic-2003
dic-2002
dic-2001
dic-2000
dic-1999
dic-1998
14.000
12.000
10.000
8.000
6.000
4.000
2.000
0
Total
PRIVATE BANKS FOREIGN CURRENCY DEPOSITS BY RESIDENCY
Millions of US$
Residents
Non residents
Fuente: series estadísticas del BCU. Incluye el capítulo 22010 deducidos los rubros 144101 (Acreedores
por documentos para compensar) y 176000 (depósitos afectados en garantía)
dic-2012
dic-2011
dic-2010
dic-2009
dic-2008
dic-2007
dic-2006
dic-2005
dic-2004
dic-2003
dic-2002
dic-2001
dic-2000
dic-1999
dic-1998
8.000
7.000
6.000
5.000
4.000
3.000
2.000
1.000
0
02
14
Main figures
Public Banks Deposits
PUBLIC BANKS DEPOSITS PER CURRENCY
Millinos of US$
local currency
foreign currency
dic-2012
dic-2011
dic-2010
dic-2009
dic-2008
dic-2007
dic-2006
dic-2005
dic-2004
dic-2003
dic-2002
dic-2001
dic-2000
dic-1999
dic-1998
11.000
10.000
9.000
8.000
7.000
6.000
5.000
4.000
3.000
2.000
1.000
0
Total
PUBLIC BANKS FOREIGN CURRENCY DEPOSITS PER RESIDENCY
Millions of US$
Residents
Non residents
Source: Statistics series published by UCB. Includes the chapter 22010 deducted the account 144101 and
17600
dic-2012
dic-2011
dic-2010
dic-2009
dic-2008
dic-2007
dic-2006
dic-2005
dic-2004
dic-2003
dic-2002
dic-2001
dic-2000
dic-1999
dic-1998
7.000
6.000
5.000
4.000
3.000
2.000
1.000
0
15
02
Main figures
Deposits
AMOUNT OF CLIENTS
BROU
1.200.000
Private Banks
Residents
Non residents
Residents
Total
2012
2005
2012
2011
2010
2009
2008
2007
2006
2005
-
2011
200.000
2010
400.000
2009
600.000
2008
800.000
2007
1.000.000
2006
900.000
800.000
700.000
600.000
500.000
400.000
300.000
200.000
100.000
-
Non residents
Total
DEPOSITS AVERAGE AMOUNTS
BROU
US$
40.000
35.000
30.000
25.000
20.000
15.000
10.000
5.000
0
Private Banks
US$
70.000
60.000
50.000
40.000
30.000
20.000
Residents
Non residents
Residents
Non residents
Total
2012
2011
2010
2009
2008
2007
2005
Total
2006
-
2012
2011
2010
2009
2008
2007
2006
2005
10.000
02
16
Main figures
Overdue Loans
Amounts in thousands of dollars
Non Financial Sector
Loans
Net of provisions
(December 2012)
Overdue Loans
Net of provisions
(December 2012)
Overdue Loans /
Loans
US$ miles
US$ miles
%
1.300.069,69
92.932,42
7,1%
Nuevo Banco Comercial
1.103.596,22
6.246,66
0,6%
164.931,65
910,97
0,6%
Banco de la República Oriental
del Uruguay
4.385.684,67
23.792,93
0,5%
Banco Santander
2.158.449,92
9.471,88
0,4%
Banco Bilbao Vizcaya
Argentaria Uruguay
1.378.481,00
4.135,01
0,3%
Discount Bank (Latin América)
156.753,08
468,74
0,3%
HSBC Bank (Uruguay)
637.520,08
978,25
0,2%
241.922,21
327,59
0,1%
Lloyds TSB Bank plc
132.667,97
126,86
0,1%
Banco Itaú Uruguay
1.150.546,37
894,69
0,1%
43.611,78
-
0,0%
17.719,01
-
0,0%
Banco Bandes Uruguay
02
17
Main figures
Provisions over Loans
Amounts in thousand of dollars
Total gross Loans
Provisions
Provisions /
Total gross loans
US$ miles
%
US$ miles
1.561.774,58
134.908,09
8,6%
del Uruguay
10.080.220,22
311.062,43
3,1%
1.480.143,67
45.576,83
3,1%
531.675,34
14.219,55
2,7%
Lloyds TSB Bank plc
244.837,57
3.753,80
1,5%
272.531,42
3.499,46
1,3%
Banco Itaú Uruguay
2.146.850,87
23.259,65
1,1%
Argentaria Uruguay
1.911.248,26
19.907,47
1,0%
483.262,90
4.323,32
0,9%
3.638.882,83
30.149,39
0,8%
947.107,89
7.157,69
0,8%
72.127,79
417,19
0,6%
73.661,12
379,66
0,5%
Banco Santander
HSBC Bank (Uruguay)
02
18
main figures
PUBLIC BANKS
<<Loans to Non Financial Sector, Non Public
Millions of US$
6.000
5.000
4.000
3.000
2.000
1.000
outstanding loans
overdue loans
dic-2012
dic-2011
dic-2010
dic-2009
dic-2008
dic-2007
dic-2006
dic-2005
dic-2004
dic-2003
dic-2002
dic-2001
dic-2000
dic-1999
dic-1998
0
Total
PRIVATE BANKS
<<Loans to Non Financial Sector Non public
Millions of US$
6.000
5.000
4.000
3.000
2.000
1.000
outstanding loans
overdue loans
Total
dic-2012
dic-2011
dic-2010
dic-2009
dic-2008
dic-2007
dic-2006
dic-2005
dic-2004
dic-2003
dic-2002
dic-2001
dic-2000
dic-1999
-
02
19
Main figures
PUBLIC BANKS
<< Loans to Non Financial Sector Non public
Millions of US$
6.000
5.000
4.000
3.000
2.000
1.000
local currency
foreign currency
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
dic-yyyy
0
TOTAL
PRIVATE BANKS
<< Loans to Non Financial Sector Non public
Milllions of US$
6.000
5.000
4.000
3.000
2.000
1.000
local currency
foreign currency
TOTAL
dic-2012
dic-2011
dic-2010
dic-2009
dic-2008
dic-2007
dic-2006
dic-2005
dic-2004
dic-2003
dic-2002
dic-2001
dic-2000
dic-1999
-
02
20
Main figures
Public Banks
Non financial sector overdue loans by activity sector (millions of US$)
Current
Overdue
Total
Expired/Total
Agricultural Sector
752
3,0
755,0
0,40%
Commercial Sector
150
2,0
152,0
1,32%
Construction
76
-
76,0
0,00%
Families
3188
189,0
3.377,0
5,60%
Manufacturing industry
550
27,0
577,0
4,68%
Services
436
6,0
442,0
1,36%
Others
3
-
3,0
0,00%
Public sector
725
1,0
726,0
0,14%
Non residents
18
-
18,0
0,00%
229,0
6.127,0
3,74%
Total
5.898,0
5,6%
6,0%
4,7%
5,0%
4,0%
3,0%
2,0%
1,0%
0,0%
1,3%
0,0%
0,0%
0,0%
0,1%
0,4%
1,4%
02
21
Main figures
Private Banks
Non financial sector overdue loans by activity sector (millions of US$)
Current
Overdue
Total
Exp./Total
Agricultural sector
878,9
5,0
883,5
0,53%
Commercial sector
1477,6
5,0
1482,7
0,34%
Construction
266,2
0,9
267,1
0,35%
Families
1463,0
53,4
1516,4
3,52%
Manufacturing industry
1499,7
4,4
1504,1
0,29%
Services
1064,9
4,8
1069,7
0,45%
Others
35,1
0,8
35,9
2,22%
Public sector
222,8
0,0
222,8
0,00%
Non residents
127,6
4,0
131,6
3,01%
Total
7035,9
77,9
7113,9
1,10%
5,0%
3,5%
4,0%
3,0%
3,0%
2,2%
2,0%
1,0%
0,0%
0,0%
0,3%
0,3%
0,3%
0,4%
0,6%
indicators
03
03
23
indicators
Solvency
RPN / RPN MINIMUM
Banco Itaú Uruguay
Banco Santander
Banco Bilbao Vizcaya Argentaria Uruguay
HSBC Bank (Uruguay)
Lloyds TSB Bank plc
BROU
BHU
0
1
2
3
4
5
6
7
8
03
indicators
Return
ROA: fiscal year results (last 12 months) / Assets (last 12 month average)
ROE: fiscal year results (last 12 months) / Equity (last 12 month average)
ROA
5,200
1,580
1,520
1,010
,820
,810
,680
,290
,130
,090
,040
BHU
Banco Itaú Uruguay
BROU
Banco Santander
Lloyds TSB Bank plc
HSBC Bank (Uruguay)
(1,020)
(4,750)
-20
-15
-10
-5
0
5
ROE
26,080
15,960
15,270
14,710
11,120
9,200
8,460
3,830
2,360
,980
,330
Banco Itaú Uruguay
BROU
BHU
Banco Santander
Lloyds TSB Bank plc
HSBC Bank (Uruguay)
-100
(9,480)
(36,980)
-50
0
50
10
24
03
indicators
Liquidity
30 days liquidity ratio: Assets liquidated within 30 days/ liabilities due within 30 days
90 days liquidity ratio: Assets liquidated within 91 days/ liabilities due within 91 days
PUBLIC BANKS
80,000
70,000
60,000
50,000
Liquidity ratio 30 days
40,000
sep-aa
jun-aa
mar-aa
dic-aa
sep-aa
jun-aa
mar-aa
dic-aa
sep-aa
jun-aa
mar-aa
dic-aa
sep-aa
jun-aa
mar-aa
dic-aa
30,000
PRIVATE BANKS
80,000
70,000
60,000
50,000
40,000
dic-aa
sep-aa
jun-aa
mar-aa
dic-aa
sep-aa
jun-aa
mar-aa
dic-aa
sep-aa
jun-aa
mar-aa
dic-aa
sep-aa
jun-aa
mar-aa
dic-aa
30,000
Liquid assets = Cash assets + Securities (maturity investment are excluded) + Credits to the financial sector
Liabilities due = Debt by financial intermediation
25
04
Ranking of institutions
04
27
ranking of institutions
By results
Figures in thousands of dollars
December
December
Ranking
2012
Banco de la República
Oriental del Uruguay
Ranking
2011
December
Ranking
2010
198.444
1
=
232.042
1
144.465
1
65.525
2
=
94.410
2
27.029
6
43.844
3
h
12.238
4
8.261
4
Banco Santander
41.033
4
i
14.892
3
53.829
2
Argentaria Uruguay *
28.239
5
h
-36.416
13
1.064
11
11.614
6
i
10.788
5
11.956
3
3.256
7
i
6.462
6
6.446
5
2.523
8
=
-1.343
8
-2.893
10
1.660
9
h
-3.291
10
-1.696
8
HSBC Bank (Uruguay)
1.586
10
h
-7.448
11
-12.545
12
58
11
i
8
7
-867
7
-1.941
12
i
-1.948
9
-2.817
9
-16.340
13
i
-17.821
12
-34.634
13
Banco Hipotecario del
Uruguay
Banco Itaú Uruguay
Citibank N.A. Sucursal
Uruguay
Discount Bank (Latin
América)
Lloyds TSB Bank plc
Banco de la Nación
Argentina
Banco Surinvest
*The data for 2010 corresponds to the sum of Bank Bilbao Vizcaya Argentaria Uruguay and Bank
Credit Uruguay.
04
28
By equity
December
December
Ranking
2012
Uruguay
Ranking
2011
December
Ranking
2010
24.399.402
1
=
1.147.730
1
1.100.389
1
13.997.793
2
=
629.735
2
529.278
2
Banco Santander
8.698.814
3
=
417.334
3
400.573
3
Argentara Uruguay *
3.720.997
4
h
150.793
5
168.937
6
Banco Itaú Uruguay
3.543.432
5
h
133.783
6
119.038
5
2.503.179
6
i
170.538
4
185.133
4
1.639.487
7
=
75.457
7
70.792
8
1.550.211
8
=
68.832
8
71.439
7
HSBC Bank (Uruguay)
1.342.406
9
=
59.142
9
34.988
10
954.091
10
=
46.792
10
49.830
9
Lloyds TSB Bank plc
587.825
11
=
26.912
11
27.812
11
Banco Surinvest
383.178
12
=
20.360
12
21.939
12
Banco de la Nación
Argentina
332.520
13
=
16.369
13
15.945
13
América)
Uruguay
Credit Uruguay .
04
29
By assets
December
2012
December
Ranking
2011
Ranking
December
2010
Ranking
13.384.532
1
=
11.956.888
1
10.177.842
1
Banco Santander
5.051.520
2
=
4.569.905
2
4.418.771
2
Banco Itaú Uruguay
2.849.319
3
h
2.372.554
4
1.950.218
3
2.766.045
4
i
2.546.665
3
2.427.184
7
1.796.628
5
=
1.705.633
5
1.499.165
4
1.557.868
6
h
7
1.396.941
5
1.299.508
7
i
1.380.317
6
1.040.298
6
HSBC Bank (Uruguay)
1.259.087
8
=
1.074.630
8
808.153
9
America)
1.129.742
9
=
1.024.202
9
886.931
8
365.132
10
h
315.914
11
164.869
11
Lloyds TSB Bank plc
352.376
11
i
389.382
10
349.344
10
Banco Surinvest
253.419
12
=
151.665
12
158.413
12
Banco de la Nación
Argentina
127.913
13
=
103.419
13
95.361
13
Uruguay
Citibank N.N Sucursal
Uruguay
1.327.995
Credit Uruguay.
04
30
By credits non financial sector
December
December
Ranking
2012
Ranking
2011
December
Ranking
2010
del Uruguay
4.385.685
1
=
3.898.545
1
3.269.407
1
Banco Santander
2.158.450
2
=
1.834.581
2
1.378.784
2
1.378.481
3
=
1.161.349
3
1.043.813
6
1.281.746
4
=
1.081.180
4
1.113.540
3
Banco Itaú Uruguay
1.150.546
5
=
953.312
5
669.918
5
1.103.596
6
=
885.892
6
672.699
4
HSBC Bank (Uruguay)
637.520
7
=
563.289
7
380.874
7
Citibank N.A Sucursal Uruguay
241.922
8
=
197.512
8
168.466
8
164.932
9
h
116.541
11
84.459
11
Discount Bank (Latin America)
156.753
10
i
126.814
9
102.644
9
Lloyds TSB Bank plc
132.668
11
i
126.273
10
97.938
10
Banco Surinvest
43.612
12
=
34.403
12
13.152
12
17.719
13
=
11.974
13
6.501
13
Uruguay
Credit Uruguay.
04
31
By deposits non financial sector
December
2012
December
Ranking
2011
Ranking
December
2010
Ranking
11.657.077
1
=
10.300.598
1
8.681.245
1
Banco Santander
3.963.361
2
=
3.568.127
2
3.268.276
2
Banco Itaú Uruguay
2.454.857
3
h
2.088.128
4
1.718.361
3
2.381.422
4
i
2.267.751
3
2.133.335
5
1.486.566
5
=
1.405.628
5
1.164.031
4
America)
1.024.047
6
=
920.537
6
796.728
6
HSBC Bank (Uruguay)
992.431
7
=
871.938
7
683.282
8
645.359
8
h
545.240
9
713.174
7
635.556
9
i
628.365
8
521.539
9
Lloyds TSB Bank plc
298.884
10
=
328.925
10
299.674
10
Banco Surinvest
227.671
11
=
122.862
11
127.977
11
164.174
12
=
109.479
12
60.085
13
Banco de la Nación
Argentina
102.607
13
=
81.880
13
62.685
12
Uruguay
Uruguay
*The data for 2009 and 2010 corresponds to the sum of the figures of Bank Bilbao Vizcaya Argentaria
Uruguay and Bank Credit Uruguay.
05
institutions´ credit rating
05
Private Banks
Banco Bandes
Uruguay
Banco Itaú Uruguay
Nuevo Banco
Comercial
America)
Banco Santander
Argentaria Uruguay
HSBC Bank (Uruguay)
Banco Heritage
(Uruguay)
Citibank N.A.
Sucursal Uruguay
Lloyds TSB Bank plc
Banco de la Nación
Argentina
27/04/12
09/05/11
07/04/10
28/04/09
28/04/08
31//05/07
B2**
B2**
B2/NP
B2/NP
B2/NP
B2
01/08/12
27/04/12
24/06/11
29/04/11
10/12/10
30/04/10
28/04/09
Baa3**
Ba2***
Ba2**
Ba2***
Ba2***
B1/NP
B1/NP
26/04/12
15/07/11
06/07/11
27/04/11
07/12/10
11/05/10
28/04/09
BBB+***
BBB**
BBB-***
BB***
BB-**
BB-**
BB-**
26/04/12
01/08/11
29/04/11
30/04/10
29/04/09
31/07/08
30/04/08
BB+**
BB+**
BB**
BB-**
BB-**
BB-**
B+***
25/10/12
01/08/12
27/04/12
29/04/11
10/12/10
29/04/10
30/04/09
Baa3**
Ba1
Ba2***
Ba2**
Ba2**
B1**
B1/NP
26/04/12
01/08/11
29/04/11
10/09/10
04/05/10
30/04/10
29/04/09
BB+**
BB+**
BB**
BB**
BB-**
BB-**
BB-**
16/05/12
15/07/11
27/04/11
27/07/10
28/04/10
14/07/09
28/04/09
BBB*
BBB**
BB***
BBB-***
BB+***
BB+**
BB+**
24/09/12
27/04/11
24/04/10
24/04/09
17/04/08
26/06/07
27/04/07
B3/NP
B***
B**
B
B
B3
B3
26/04/12
01/08/11
29/04/11
09/09/10
30/04/10
29/04/09
31/07/08
BBB-**
BB+**
BB**
BB**
BB-**
BB-**
BB-**
20/09/12
01/08/12
27/04/12
29/04/11
10/12/10
30/04/10
28/04/09
Baa3
Baa3**
Ba2***
Ba2**
Ba2**
B1/NP
B1/NP
29/04/12
29/04/11
21/12/10
10/05/10
29/04/09
28/04/08
27/04/07
B3
B3
B3
Caa1/NP
Caa1/NP
Caa1/NP
Caa1
Perspectives: * Negative
** Stable
*** Positive
The ratings shown correspond to a universal scale.
33
05
Public Banks
Uruguay
01/08/12
27/04/12
30/04/11
10/12/10
10/05/10
28/04/09
14/08/08
Baa3**
Ba1***
Ba1**
Ba1***
Ba3**
Ba3/NP
B1/NP
27/04/12
10/12/10
29/10/09
28/04/09
14/08/08
28/04/08
27/04/07
Ba1***
Ba1**
Ba3/NP
Ba3/NP
B1/NP
B2/NP
B2
The ratings were obtained from the Central Bank of Uruguay´s website. The credit rating
agencies for each institution are mentioned below:
Moody`s
Fitch Ratings
Standard & Poor´s
Lloyds TSB Bank
Discount Bank
del Uruguay
HSBC Bank
Banco Bilbao Vizcaya Argentaria
Uruguay
Banco Bandes
Banco Itaú Uruguay
Banco Santander
Perspectives: * Negative
** Stable
*** Positive
The ratings shown correspond to a universal scale.
Citibank
34
05
35
Definitions
LONG TERM INVESTMENTS´ CLASSIFICATIONS
INVESTMENT GRADE
• AAA High quality securities
with the lowest risk.
• Aa1, Aa2, Aa3 High quality
securities with low credit risk,
but sensitive to risks in the long
term.
• A1, A2, A3 Medium-high grade
securities, subject to low credit
risk. They have current
elements that suggest a
sensitive deterioration in the
long term.
• Baa1, Baa2, Baa3 Securities
with moderate credit risk. They
are considered medium grade
which means they can be
unreliable.
SPECULATIVE GRADE
• Ba1, Ba2, Ba3 Securities with
questionable credit quality.
• B1, B2, B3 Securities subject to
speculations and high credit
risk. The general quality of the
credit is poor.
• Caa1, Caa2, Caa3 Poor position,
subject to high credit risk and
extreme poor credit quality.
Such banks can be in
bankruptcy.
• Ca High speculative securities
which in general are in noncompliance with its deposit
obligations.
• C Lowest bond category which
typically are in non-compliance.
Their recovery potential is low.
INDIVIDUAL BANK RATINGS
ESPECIAL
• B Strong intrinsic financial
strength.
• WR Retired rating
• NR no rating
• P Provisional
SHORT TERM RATINGS
• P1 (prime-1) Superior capacity
to reimburse short term debt
obligations.
• P2 (prime-2) Strong capacity to
reimburse short term debt
obligations.
• P3 (prime-3) Acceptable
capacity to reimburse short
term obligations.
• NP (not prime) Does not belong
to any prime category.
• A Strong intrinsic and superior
financial strength.
• C Adequate intrinsic financial
strength.
• D Modest intrinsic financial
strength, which might need
some type of external support
sometimes.
• E Very modest intrinsic
financial strength, with a major
probability of external support
periodically.
credit ratings in Latin America
06
06
Credit ratings in foreign currency.
Long term rate
AAA
AA+
AA
AAA+
A
ABBB+
BBB
BBBBB+
BB
BBB+
B
BCCC
CC
C
RD
D
Country Rating date
40
0
Short term rate
Country Rating date
Chile
21
F1+
1 feb 2011
F1
Brasil
4 abr 2011
F2
Peru
10 nov 2011
F3
Uruguay
24 abr 2012
Bolivia
5 oct 2010
C
Venezuela
4 abr 2012
Argentina
RD
12 jul 2010
Ecuador
8 nov 2010
11
B
D1
Source: http://www.fitchratings.com/web_content/ratings/sovereign_ratings_history.xls
Chile
1 feb 2011
Brasil
4 abr 2011
Peru
10 nov 2011
Uruguay
24 abr 2012
Bolivia
5 oct 2010
Venezuela
4 abr 2012
Argentina
12 jul 2010
Ecuador
8 nov 2010
37
06
38
Definitions.
Rating of long-term risks.
Investment grade
Non investment grade
• AAA: best quality borrowers, stable, without a
foreseeable risk to future payments of interest and
principal.
• BB: difficulties to pay with more adverse economic
conditions.
• AA: very strong borrower, but higher risk than
AAA.
• A: upper medium grade, but is would be more
affected by adverse changes in the economic
conditions than higher rated borrowers.
• B: financial situation varies noticeably.
• CCC: depends of economic conditions and
contingent conditions to pay, may default.
• CC: highly vulnerable, most speculative bonds
• C: Very vulnerable, perhaps in bankruptcy or in
arrears, but still continues to pay the obligations.
• D: borrower has defaulted with one or more
obligation within the established period and the
agency believes that the borrower will default in
most or all of its obligations.
• NR: the borrower not rated.
Rating of short-term risks.
Short-term ratings are assigned to obligations which
their initial expiration date is considered to be of “shortterm” by the conventional market.
•F1 +: The best quality grade, indicating exceptional
ability of the obligor to meet its financial
•B Minimum ability to pay in the established period.
commitments
Bigger vulnerability if there are adverse changes in the
•F1: strong capacity of obligor to meet its financial financial and economic conditions.
commitments
•C: High probability to default with its obligations.
•F2: Good borrower. However, is susceptible to adverse •D: Default with a short-term obligation or in
changes in the economic conditions than those with
bankruptcy.
better ratings.
•F3: Satisfactory borrower, bigger probability that in
adverse economic conditions can default with its
obligations.
contact
Ana Pereyra
ana.pereyra@ampfas.com
Sara Sapiro
sara.sapiro@ampfas.com
02
principales cifras
Plaza Independencia 831
Edificio Plaza Mayor Oficina 405
11.100 Montevideo Uruguay
Tel: +598 2 9081513
www.ampfas.com

main figures and indicators as of December 31st 2012

Transcription

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