Highlights
Renta 4 Bank has reached aNet Profit of 12 million Euros during 2016. This represents a drop of14% over those achieved in the same period last year.
During the fourth quarter 2016 Net Profit has increased by 20.8% to a total of 3.7 million Euros over the same period last year. The profit in the last quarter of the year has seen an increase of 33.8% versus the average achieved during the first three quarters of 2016.
Renta 4 Bank Capital Ratio CET 1 Fully Loaded stands at15.5%, well above legal requirements and amongst the highest in the sector.
The Return on Capital (ROE), of Renta 4 Bank stands at 15%, substantially above the sector average.
NET PROFIT (4Q 2016 Vs 4Q 2015)
(millones de euros)
NET PROFIT TRIMESTRES 2016
(millones de euros)
3,7
3.500.000
3,1
3.000.000
2.500.000
2.000.000
1.500.000
1.000.000
500.000
1T 2,5
2T
3T
3
2,8
0
4Q 2016
4Q 2015
4T 3,7
During the course of 2016 three key factors have taken place. Assets under management have continued to increase in a strong way. Net asset inflows by our proprietary network have been maintained at a good rhythm of growth. Lastly, an improvement in profits each quarter has taken place.
For another year, 2016 has seen a positive trend in our operating activity and business areas.
Assets under management haveincreased by 12.8% reaching 7,589 million Euros.Assets in our proprietary network haveincreased by 14.3% reaching 7,923 million Euros.
Net Inflows during the year from our proprietary have reached825 million Euros.
The assets of the proprietary network contribute 82% of the net commissions generated.
During the year 2016 results have improved as it progressed a long. Net profit in the fourth quarter increased by 20.8% versus the same period last year, and 32.6% with respect to the third quarter 2016.
It is the intention of the Board of Directors to propose at the AGM to be held in April 2017 to pay an interim dividend in cash, which at current market levels in the price of Renta 4 Banco represents a dividend yield of near 3%.
Operating Data
OPERATIONAL DATA 4Q 2016 4Q 2015 %
Number of Clients
432,880
393,237
10.1%
of Proprietary Network
68,494
65,428
4.7%
of Third Party Network
364,386
327,809
11.2%
Total Assets (million Euros)
15,444
13,432
15.0%
Equities
6,843
5,867
16.6%
Investment Funds (proprietary and third party)
3,821
3,449
10.8%
Pension Funds
2,830
2,474
14.4%
SICAVs
938
803
16.8%
Others
1,012
839
20.6%
Assets Proprietary Network (million Euros)
7,923
6,931
14.3%
Assets Third Party Network (million Euros)
7,521
6,501
30.0%
Total Assets Temporary of Banco Madrid (million Euros)
1,261
2,413
-47.7%
FINANCIAL INDICATORS ( THOUSAND EUROS)
4Q 2016
4Q 2015
%
Thousand euros
Commissions Received
123,276
127,765
-3.5%
Commissions Paid
-62,620
-64,028
-2.2%
Net Paid Commissions
60,656
63,737
-4.8%
Financial Margin
3,044
3,380
-9.9%
Result of Financial Operations
4,176
1,444
189.2%
Cost of Operation
53,314
48,722
9.4%
Profit from Operating Activities
17,221
20,314
-15.2%
Net Profit
12,045
14,020
-14.1%
EPS
0.30
0.34
-14.1%
Operating Data
EMPLOYEES (PERIOD AVERAGE) 4Q 2016 4Q 2015 %
Employees (period average)
444
411
8.0%
Branch Network (Latam)
232 (36)
222 (31)
4.5%
Central services
212
189
12.2%
Number of Offices
64
63
1.6%
SHARE 4Q 2016 4Q 2015 %
Ticker (Reuters/Bloomberg/Adrs)
RTA4.MA
RTA4.MA
Share Price (€)
5.87
5.85
0.3%
Capitalisation (€)
244,177,303
243,345,353
0.3%
Number of Shares Issued
40,693,203
40,693,203
Renta 4 Banco SA published this content on 30 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 January 2017 09:01:09 UTC.
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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.