Investor Presentation Aug 2016 (1 st Half Unaudited Accounts) Investor Relations Office Email: investor.relations@cgd.pt Site: http://www.cgd.pt
| Our Principles Long Term Commitment to the Portuguese Economy and Society Customer – Centered Business Support the Corporate Sector, Strong Focus on SME Promotion of Human Talent and Teamwork Highest Ethical Standards Innovation Social Responsibility and Global Sustainability Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 2
| Agenda CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Appendixes Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 3
| CGD Group Overview Group Overview • Market Shares – Portugal Established in 1876 and fully owned by the Portuguese State. (June 2016) • Strong franchise as a universal Bank and a dominant financial group in Portugal. • Leading position in the retail market with 4 million customers in Total Assets (Sep15) 24.2% Portugal and assets of 99.3bn € . • Total network of 1,221 branches connecting developed countries with the fast growing economies around the world, of which: Total Credit 21.9% 730 in Portugal and; 491 branches abroad. Total Deposits 28.5% • Largest international platform among Portuguese banks: 23 countries 4 continents. 0% 10% 20% 30% • The most valuable banking brand in Portugal 2016 – Brand Finance Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 4
| CGD Group Overview Connecting Portuguese Exporters and their Markets Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 5
| CGD Group Overview Global Reach Retail Banking Wholesale & Investment Banking South Africa - Banco Mercantile • Angola - Banco Caixa Geral Angola • • Brazil - Banco Caixa Geral Brasil Cape Verde - Banco Comercial Atlântico and • EUA - Branch of New YorK • Banco Interatlântico United Kingdom - London Branch • • Spain - Banco Caixa Geral • Cayman Islands - Branch of Cayman Islands • France - Branch of France • Luxembourg - Branch of Luxembourg Mozambique - Banco Comercial e de Investimentos • São Tomé and Príncipe - Banco Internacional de S. • Tomé e Príncipe East – Timor - Branch of Timor • • Macao - Banco Nacional Ultramarino Non – Residential Banking Other International Business Germany - Representative Office CGD • • Algeria - Business Delegation • Belgium - Representative Office CGD • China - Branch of Zuhai, Representative Office • Canada - Representative Office CGD Shanghai • Macao - Branch of Macao • India - Representative Office of Mumbai and Pagim (Goa) • Switzerland - Representative Office CGD Mexico - Representative Office BCG • Venezuela - Representative Office CGD and BCG • Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 6
| CGD Group Overview Diversifying Resource Taking International Activity Contribution The international area with € 16,616 million (up 4.7% over June 2015) also continued to make a highly favourable contribution to the deposits total. Particular reference should be made to the branches in Asia and Spain. Deposits Geographic Distribution % Credit Geographic Distribution % Other Other Spain 9% 7% 16% Spain PALOP* 29% PALOP* 15% France 22% 14% Jun 16 Jun 16 Asia France 21% Asia 26% 41% (*) Portuguese Language Speaking African Countries (*) Portuguese Language Speaking African Countries Total: 15,140 M € (21.4% of total Credit) Total: 16,616 M € (23.1% of total Deposits) Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 7
| Agenda CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Appendixes Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 8
| Funding and Liquidity Deposits as the Major Funding Contributor Funding Structure – Balance Sheet Robust funding structure reflecting a dominant retail contribution (deposits and other retail instruments), due to a large and stable customer base: • 3/4 of deposits hail from households; • 2/3 of deposits are term and savings deposits. % Central Banks + CI resources Other liabilities 6% 7% Institutional (Bonds + CP) + CoCos 8% Retail Jun 16 79% Balance Sheet Total Liabilities: € 93.6 bn Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 9
| Funding and Liquidity Strong Deposit Base and Deleveraging Process Caixa continues to enjoy the trust of its customers, confirmed by the positive trend in deposits, mostly driven by households. Deposits Evolution Loans-to-Deposits Ratio Evolution % B € 122.2% 112.0% 103.5% 66.7 67.6 73.0 70.7 72.1 94.5% 90.1% 90.1% 17.0 16.6 15.3 14.6 13.3 55.4 56.0 55.4 53.4 53.1 2012 2013 2014 2015 2016-06 2011 2012 2013 2014 2015 2016-06 Domestic market International area Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 10
| Funding and Liquidity Ample Available Collateral Pool ECB Funds used by CGD Group and Available Collateral Pool CGD’s funding from the Eurosystem at the end of June 2016 totalled € 3,597 million, a change of € 832 million over December 2015 and € 691 million over June 2015 and currently representing 3.6% of total assets. M € 10,106 5,444 10,701 Available 9,067 Used 8,959 8,837 10,287 8,415 6,335 3,597 3,110 2,766 2011 2012 2013 2014 2015 2016-06 Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 11
| Funding and Liquidity Available Collateral Pool Covers Upcoming Maturities CGD’s Wholesale Redemptions Calendar (Outstanding as of June 2016) Low annual redemptions relative to CGD Group total funding resources. 12,665 1,843 1,397 1,367 7,414 1,047 845 780 135 ≥ 2022 Total Available 2016 2017 2018 2019 2020 2021 Wholesale Collateral Funding Pool Redemptions Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 12
| Funding and Liquidity Covered Bonds Programme: A Presence in the Market € 750 MM € 750 MM € 1 bn Issue Size Format 5 Year Covered Bond 2018 5 Year Covered Bond 2019 7 Year Covered Bond 2022 Announcement 11-Jan-13 09-Jan-14 20-Jan-15 Coupon 3.75%/annual 3%/annual 1%/annual Reoffer Spread Mid Swaps + 285bps Mid Swaps + 188bps Mid-Swaps + 64bps Geographic Breakdown Latest Issue Breakdown by type of investors Spain HF Insurance/PFM Others Italy 5% 2% 4% 2% 1% France 6% Banks Benelux 9% 6% Euro-system 31% Portugal AM 7% 53% CB & OIs Nordics 32% 8% Germany & UK Austria 9% 25% Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 13
| Funding and Liquidity Liquidity Ratios The LCR (“Liquidity Coverage Ratio”) indicator, with a comfortable 193.5%, was significantly higher than the minimum requirements and indicative of CGD’s excellent liquidity position. Liquidity Coverage Ratio Net stable funding ratio % % 135.9% 134.3% 193.5% 126.0% 143.1% 135.9% 2015-03 2015-12 2016-03 2015-06 2015-12 2016-06 Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 14
| Agenda CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Appendixes Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 15
| Solvency A Balanced Capital Base Capital The phased-in and fully implemented Common Equity Tier 1 (CET 1) ratios, calculated according to CRD IV/CRR rules were 10.0% and 9.2%, respectively in June 2016. % 12.5% 11.2% 11.0% 11.0% 10.0% 10.0% 9.8% 9.2% Total (phased-in) CET1 (phased-in) Tier 1 (phased-in) CET1 (fully implemented) 2015-06 2016-06 Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 16
| Agenda CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Appendixes Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 17
| Asset Quality A Diversified Credit Portfolio Loans and Advances to Customers Cost of Credit Risk Portugal % 1.18% General Government 8% 1.06% Individuals 0.86% (mortgage) Corporates 0.78% 53% 37% Individuals (other purposes) 2% 2013-12 2014-12 2015-12 2016-06 as of Jun 2016 Cost of Credit Risk is approaching a more normal Loans and Advances to Customers (Gross) June 16: € 52.4 bn level. Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 18
| Asset Quality Business Indicators Corporate Loans – CGD Portugal Corporate Loans – Market Share M € % -0.9% 18.1% 18.1% 17.9% 17.3% 17.7% 16.4% 16.4% 20,076 19,887 2010-12 2011-12 2012-12 2013-12 2014-12 2015-12 2016-06 2015-06 2016-06 CGD had a 17.9% share of loans and advances to companies in June 2016, in the Portuguese market. Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 19
| Asset Quality Business Indicators Mortgages – CGD Portugal Mortgages – CGD Portugal New Operations - Volume Outstanding M € M € -1.7% 67.6% 637.5 28,487 28,012 380.5 2015-06 2016-06 2015-12 2016-06 There were 6,995 new mortgage lending operations in first half 2016 in CGD (Portugal) a 67.6% increase of € 257 million over first half 2015 to € 637.5 million. Investor Presentation – 1 st Half 2016 accounts Caixa Geral de Depósitos 20
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