BANKING SECTOR DEVELOPMENT Loan portfolio Deposits (2007 - 100%) -0. 1% -0. 2% q No. 4 among other banks operating in Lithuania, having 8. 6% deposit market share and 5. 1% loan market share 2
GROUP STRUCTURE SUBSIDIARIES HELD FOR SALE BONUM PUBLICUM SB LIZINGAS former Ūkio banko lizingas ŠIAULIŲ BANKO LIZINGAS (will be integrated to the bank) ŠIAULIŲ BANKO INVESTICIJŲ VALDYMAS SPORTO KLUBŲ INVESTICIJOS ŠIAULIŲ BANKO TURTO FONDAS PROJECT “ŽALGIRIO STADIONAS“ MINERA SBTF PAVASARIS 3
SHAREHOLDERS Authorized capital – 85 033 800 EUR 1. European Bank for Reconstruction and Development * 19. 57 % 2. Gintaras Kateiva* 6. 24 % 3. Vincas Montvila 3. 94 % 4. Algirdas Butkus* 3. 82 % 5. Swedbank AS (Estonia) clients 3. 80 % 6. SEB SA OMNIBUS (funds/inst. clients) 3. 56 % 7. Skandinaviska Enskilda Banken clients 3. 29 % 8. UAB „SLEZVB” 3. 20 % 9. Trade house Aiva, UAB* 2. 95 % 10. Company group Alita, AB* 2. 95 % Total: 53. 32 % *- parties of the Shareholders Agreement dated 3 June 2005 4
NETWORK Number of outlets 2015 -03 -31 Šiauliai region 18 Vilnius region 17 Kaunas region 18 Klaipėda region 19 72 5
SEGMENTS Municipalities and their companies Housing renovation SME working people of 40+ and their family members, seniors "Small" entrepreneurs and farmers
CUSTOMERS AND SERVICES Private clients - 341 thou, business clients - 24 thou RENOVATION PROGRAMME q Šiaulių bankas leading player with 63% market share (37% other banks and VIPA) q 513 renovation credit agreements (EUR 104 mn) SAVINGS, INVESTMENTS, CREDITS q Deposits: 4 types of term deposits, 2 types of demand deposits q Investment services: government bonds, debt and equity securities q Credits: SME loans, consumer credit, mortgage loans, factoring, leasing PAYMENT CARDS q 125 thou payment cards are distributed (+16% per year) - 90% debit cards, 10% credit cards q 4. 3 mn transactions in 2014 (+34% per year): 65% settlements, 35% withdrawals of cash E-BANKING q 157 thou customers have access to e-banking system “SB linija” (+21% per year) q More than 90% of all customers’ payment orders are provided via “SB linija” 7
1992 MILESTONES 2014 2013 2010 2005 EBRD became the largest shareholder Šiaulių Bankas entered into relationship with EIB and EIF Šiaulių Bankas assumed part of liabilities and assets of Ūkio bankas Group strengthened its positions in leasing and life insurance markets National currency switch carried out successfully 2015 Re-branding Sale of the territory of Žalgiris Stadium Agreement on acquisition of Finasta 8
RE-BRANDING Šiaulių Bankas' re-branding is a natural consequence of those changes that have taken place over the past few years. MOTO "Our strength lies in our roots" VALUES • • Trust Professionalism Respect Responsibility MISSION We have the same roots. By providing financial services, we increase the well-being of Lithuania’s people and businesses, and we grow together with them 9
ŽALGIRIS STADIUM PROJECT The Agreement has been signed on 30 th of April q The price – EUR 41 mn (plus VAT) q The Purchaser- SPV Promola (Hanner AB Group company) q The closing date of contract - end of 2015 q Purchase of property will be financed: q 55% Šiaulių bankas group q 45% Hanner funds 10
FINASTA Phase I Initial negotiations, LOI signed March 7 Phase II Final negotiations, SPA signed May 11 Phase III Closing of the deal July/August (permissions and bank’s share issue) Phase IV Finasta integration process 2015 -2016 q Preliminary value of the transaction is EUR 6. 7 m, however it may differ at the moment of closing of the transaction when a final payable amount is calculated q Šiaulių Bankas will settle for this transaction by issuing new shares, thus increasing capital base 11
Financials
BALANCE SHEET STRUCTURE EUR 138 m (8%) EUR 112 m (7%) EUR 45 m (2%) EUR 591 m (36%) EUR 1, 414 m (86%) EUR 775 m (47%) EUR 75 m (5%) Assets EUR 1, 646 m Liabilities 13
DEPOSIT PORTFOLIO EUR +104 m (+8%) EUR -4 m (-0. 3%) 14
DEBT SECURITIES PORTFOLIO EUR +52 m (+11%) EUR +61 m (+12%) 15
LOAN PORTFOLIO EUR -17 m (-2%) EUR +1 m (+0. 2%) 16
LOAN PORTFOLIO QUALITY NPL impaired+not impaired but past due more than 60 days LOANS PAST DUE MORE 30 DAYS 17
INCOME Net commission income Income structure* Net foreign exchange gain * 2014, excluding revenue related to other activities of Group companies 18
EXPENSES OPEX structure* Impairment *2014, excluding expenses related to other activities of Group companies 19
NET PROFIT +120% +41% 20
KEY ASSUMPTIONS FOR 2015 q Bank will continue to operate in low interest rate environment influenced by geopolitical threats. q Stable NIM will be maintained: downward pressure on loan interest rates and debt securities yield will be balanced by lower costs of main funding source - term deposits. q A challenge to compensate net fee and commission income lost due euro introduction. q More attention will be paid to the Bank's marketing activities; it is planned to present the Bank's values, vision and mission as well as to launch an image strengthening campaign related to the updated Bank's logo. q Significant investments will be made to the Bank's IT systems, thus, improving the quality of the banking products and expanding the range of services. 21
SHARE PRICE AND RATIOS ROAA* ROAE* 2012 -12 -31 0. 5% 4. 8% Cost/ Income* 47. 1% 0. 59 Share dividends* 6, 45 % Cash dividends* 0, 50 % 2013 -12 -31 0. 2% 3. 4% 52. 7% 0. 71 8, 00 % - 2014 -12 -31 0. 7% 10. 4% 38. 7% 0. 69 8, 60 % 0, 25 % 2015 -03 -31 1. 8% 26. 8% 43. 1% 0. 74 P/Bv* *Bank 22
Our Strength Lies In Our Roots
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