Colombian Economy & Banking Sector Analysis
Global Banking and Markets
$MM
Q2/20
Y/Y
Q/Q
Reported
.
Net Income¹
$523
+25%
+41%
Pre-Tax, Pre Provision Profit
$844
+52%
+65%
Revenue
$1,460
+27%
+25%
○
Expenses
$616
+4%
(6%)
PCLS
$155
N/A
+546%
Productivity Ratio
42.2%
(940 bps)
(1,380 bps)
PCL Ratio²
0.54%
+56 bps
+45 bps
•
PCL Ratio Impaired Loans²
0.09%
+11 bps
(5 bps)
•
Adjusted³
Improved productivity ratio by 940 bps
Net Income¹
$523
+25%
+16%
Pre-Tax, Pre Provision Profit
$844
+52%
+37%
.
Revenue
$1,460
+27%
+15%
YEAR-OVER-YEAR HIGHLIGHTS
Net Income up 25% Y/Y
o Strong growth in FICC trading revenue
Revenue up 27%
Non-interest income up 34%
Net Interest income up 10%
Loans grew 20%
Deposits up a strong 33%
Expenses up 4%
Positive YTD operating leverage of 20%
PCL ratio² of 54 bps
ADJUSTED NET INCOME¹³ ($MM) AND ROE³ (%)
PCLs
$155
N/A
Productivity Ratio
42.2%
(940 bps)
PCL Ratio²
0.54%
+56 bps
+761%
(930 bps)
+47 bps
15.4%
15.2%
12.8%
13.8%
14.0%
1 Attributable to equity holders of the Bank
2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
3 Refer to Non-GAAP Measures on Slide 44 for adjusted results
523
420
451
374
405
Q2/19
Q3/19
Q4/19
Q1/20
Q2/20
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