Renta 4 Banco has increased its Net Profit by 51.2% during the first quarter 2017 to 3.8 million Euros versus 2.5 million Euros achieved in the same period last year.
The Bank's Capital Ratio CET1 Fully Loaded stands at 16.6%, comfortably above current regulatory requirements and amongst the highest in our sector.
The Bank's return on equity, ROE, stands at 16.5% again well above the sector average.
NET PROFIT (1Q 2017 Vs 1Q 2016)
(Thousand euros)
Propietary network assets: 9,347 millions euros
3,8
3.500.000
2,5
3.000.000
2.500.000
2.000.000
33%
versus same period last year
Assets under management: 8,323 millions euros
1.500.000
1.000.000
500.000
0
1Q 2016 1Q 2017
24,9%
versus same period last year
During the first quarter the positive trend seen in previous quarters in all business and operating areas has continued. Assets under management have again increased steadly.Net inflows within our proprietary network remain strong.
Total client assets at the close of the quarter reached 17,547 million Euros.
Assets under our proprietary network have reached 9,347 million Euros. This represents an increase of 33% over the same period last year. Assets under management have reached 8,323 million Euros with an increase of 24.9% over the same period last year.
Assets in the proprietary network have increased by 413 million Euros during the first quarter 2017. Net commissions, including exchange differences, have increased by 16.4% to 17.2 million Euros.
At the next AGM to be held on 28 April 2017, the Board of Directors will propose the payment of a final dividend of 0.094 Euros per share which added to the interim dividend of 0.1025 Euros paid last November 2016 sets the dividend yield at current market levels near 3.6%.
Operating Data
Assets Proprietary Network (million Euros)
9,347
7,027
33.0%
Assets Third Party Network (million Euros)
8,200
6,392
28.3%
Total Assets Temporary of Banco Madrid (million Euros)
0
933
-
Operating Data 1Q 2017 1Q 2016 %
Number of Clients
449,745
399,808
12.5%
of Proprietary Network
70,401
66,471
5.9%
of Third Party Network
379,344
333,337
13.8%
Total Assets (million Euros)
17,547
13,419
30.8%
Equities
8,198
5,822
40.8%
Investment Funds (proprietary and third party)
4,322
3,403
27.0%
Pension Funds
3,005
2,444
23.0%
SICAVs
996
819
21.6%
Others
1,026
931
10.2%
Financial Indicators ( thousand euros)
1Q 2017
1Q 2016
%
Thousand of euros
Fee and commission income
34,030
31,963
6.5%
Fee and commission expenses
-17,858
-17,132
4.2%
Net Commissions Received
16,172
14,831
9.0%
Exchange differences (net)
946
-81
-
Net Commissions Received + Exchange differences
17,222
14,799
16.4%
Financial Margin
721
839
-14.1%
Result of Financial Operations
1,693
951
78.0%
Cost of Operation
14,645
12,839
14.1%
Profit from Operating Activities
5,023
3,725
34.8%
Net Profit
3,790
2,507
51.2%
EPS
0.30
0.34
51.2%
Operating Data
Employees (period average) 1Q 2017 1Q 2016 %
Employees (period average)
465
434
7.1%
Branch Network (Latam)
245 (46)
225 (31)
8.9%
Central services
220
209
5.3%
Number of Offices
64
63
1.6%
Share 1Q 2017 1Q 2016 %
Ticker (Reuters/Bloomberg/Adrs)
RTA4.MA
RTA4.MA
Share Price (€)
5.87
5.85
0.5%
Market Capitalisation (€)
244,177,303
243,345,353
0.5%
Number of Shares Issued
40,693,203
40,693,203
Renta 4 Banco SA published this content on 26 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2017 17:45:12 UTC.
Original documenthttp://www.renta4banco.com/recursos/pdf/resultados_1trimestre_2017_eng.pdf
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Renta 4 Banco SA is a Spain-based financial institution principally engaged, through its subsidiaries, in the investment banking sector. The Bank divides its activities into three main areas: Brokerage Services, which involves the sale and purchase of securities in the domestic and international markets, as well as the sale of Collective Investment Institutions (CIIs) and Pension Plans; Asset Management, which involves CII, Pension Fund and Private Wealth management; and Corporate Services, which includes security and CII custodian services, corporate advice, public debt management, the underwriting and placement of issues and public offers, the outsourcing of various services and other corporate services. The Bank operates a network of branches located nationwide, as well as it ownes such subsidiaries as Renta 4 Sociedad de Valores SA, Renta 4 Aragon SA, Renta 4 Huesca SA and Renta 4 Pensiones EGFP SA, among others.
RENTA 4 BANCO, S.A. 
