Latest news with #finanzas
Bloomberg
3 days ago
- Business
- Bloomberg
Santander Unseats Barclays as Europe's Biggest Issuer of SRTs
Banco Santander SA surpassed Barclays Plc as Europe's largest issuer of significant risk transfers, according to S&P Global Ratings. In order to come up with a volume estimate for the privately-negotiated deals, S&P used data on the senior portions that banks retain on their balance sheets and disclose in their regulatory filings. These retained tranches typically represent about 80%-95% of the reference portfolio in European SRTs.
Washington Post
5 days ago
- Business
- Washington Post
Vina Concha: Q1 Earnings Snapshot
SANTIAGO, Chile — SANTIAGO, Chile — Vina Concha y Toro SA (VCOYY) on Monday reported profit of $14.3 million in its first quarter. On a per-share basis, the Santiago, Chile-based company said it had net income of 39 cents. The wine maker posted revenue of $216.8 million in the period. _____
Yahoo
17-05-2025
- Business
- Yahoo
Banco Davivienda SA (BOG:PFDAVVNDA) Q1 2025 Earnings Call Highlights: Strong Profit Growth Amid ...
Loan Portfolio: Closed at COP 144 trillion, reflecting an annual growth of 6%. Net Interest Margin: Expanded by 19 basis points, reaching 5.68% including FX and derivatives. Cost of Risk: Decreased to 2.41%, showing substantial improvement. Net Profit: COP 291 billion, with a 3-month annualized ROE of 7.19%. CET1 Ratio: 11.18%, indicating strong capital adequacy. Total Assets: Closed at COP 190 trillion, increasing by 8% year-over-year. Nonfinancial Income: Grew by nearly 2% during the quarter. Operating Expenses: Decreased by approximately 3%. PDL Ratio: Stable at 4.4%, with improvements in consumer asset quality. Consumer Portfolio: Disbursements gradually increased, focusing on controlled risk levels. Funding Base: Strengthened with increased low and mid-cost deposits. Capital Adequacy Ratio: Total ratio reached 1.62%, providing strategic support. Nonfinancial Income: Totaled COP 620 billion, growing by 1.9% quarter-over-quarter. Profit Contribution: 74% from Colombian operations, 26% from Central American subsidiaries. Warning! GuruFocus has detected 6 Warning Signs with BOG:PFDAVVNDA. Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Banco Davivienda SA (BOG:PFDAVVNDA) reported a strong first quarter with a net profit of COP 291 billion and an annualized return on average equity of 7.19%. The loan portfolio showed an annual growth of 6%, reflecting higher dynamics across business lines. The net interest margin expanded by 19 basis points, and the cost of risk decreased to 2.41%, indicating improved income generation capacity. DaviPlata, the bank's digital platform, showed strong performance with a 6% increase in customers, over 20% growth in deposits, and a 28% increase in transactions. The bank's CET1 ratio stood at a solid 11.18%, providing a strong capital base to support strategic execution. Inflation remains a concern, with expectations that it will close around 4.45% for the year, potentially impacting monetary policy and economic conditions. The loan book decreased by 1.3% during the quarter due to temporary impacts such as peso appreciation and modest credit demand. The commercial loan segment experienced slight deterioration, particularly related to a few corporate clients in the construction, industrial, and services sectors. There is uncertainty regarding the cap rate for the consumer book, which could impact net interest margins if interest rates decrease. The integration of Scotiabank assets in Colombia, Costa Rica, and Panama may involve significant expenses and operational challenges, potentially affecting medium-term profitability. Q: Can you discuss your expectations for ROE in the coming quarters, given that the first quarter's ROE was close to the upper end of your guidance? Also, provide an update on the approvals for the acquisition of Scotiabank assets in Colombia, Costa Rica, and Panama. A: Javier Jose Suarez Esparragoza, CEO: The first quarter was strong, partly due to seasonal effects. We are cautious about changing guidance due to uncertainties in the international and Colombian environments. Regarding the Scotiabank acquisition, the approval process is progressing well, and we expect to close the transaction by the end of the year. The integration will occur in phases, with operational integration expected next year. Q: What are the potential risks to your guidance, particularly regarding NIM and cost of risk? A: Javier Jose Suarez Esparragoza, CEO: NIM could be affected by seasonal inflation effects and potential changes in the cap rate for consumer loans. However, we are working on improving NIM through transactional deposits. For cost of risk, we are seeing improvements in consumer asset quality, but we are also increasing coverage in the commercial book, which may temporarily raise cost of risk. Q: What are your medium-term ROE expectations, excluding the Scotia deal? A: Javier Jose Suarez Esparragoza, CEO: We expect medium-term ROE to trend towards 13%, potentially higher post-Scotia integration. This will take a couple of years, as we need to grow the loan book and improve operational leverage. Current expense growth is affected by non-recurring factors, and we see potential for improvement in NIM and cost of risk. Q: What happened with DaviPlata's activity rate this quarter, and what are your midterm targets for DaviPlata? A: Javier Jose Suarez Esparragoza, CEO: The drop in activity rate is due to seasonal effects and changes in government subsidy programs. However, transaction volumes and deposits are growing strongly. We are focusing on expanding the credit business, which should help DaviPlata reach breakeven next year. Q: What are the risks that could lower ROAE from the current guidance, and what positive factors from this quarter might not repeat? A: Javier Jose Suarez Esparragoza, CEO: The inflation-linked portfolio performed well this quarter, but this may not continue. However, we are enhancing our transactional deposit base, which should support NIM. We are cautious about maintaining guidance due to potential risks, but structural improvements in NIM and cost of risk could keep us at the higher end of the guidance. Q: When could we see credit acceleration, and in which segments, considering mixed delinquency trends? A: Javier Jose Suarez Esparragoza, CEO: We expect commercial demand to pick up as economic conditions stabilize. Consumer credit is already improving, and we are becoming more aggressive in this segment. Mortgage growth was strong in the first half but may slow due to reduced government subsidies. Overall, we anticipate 6% to 8% portfolio growth. Q: Could you share the ARPAC and cost to serve at DaviPlata, and provide more details on the Scotia client overlap and integration process? A: Javier Jose Suarez Esparragoza, CEO: DaviPlata's ARPAC is steady, and we expect it to increase with credit business expansion. Cost to serve is decreasing due to efficiencies. There is significant client overlap with Scotia, but we aim to enhance customer value propositions. Integration will be phased, leveraging technology to improve customer experience without immediate core banking changes. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Bloomberg
12-05-2025
- Business
- Bloomberg
Spain's Cuerpo Expects ‘Good Things' From New German Government
Spanish Finance Minister Carlos Cuerpo gave the leaders of Europe's biggest economy a vote of confidence as the region seeks ways to rekindle growth. 'We expect lots of good things from the German government,' he told reporters in Brussels on Monday.
Bloomberg
11-05-2025
- Business
- Bloomberg
Spain Said to Back Sabadell Tie-Up as Alternative to BBVA Deal
The Spanish government is open to considering a tie-up for Banco Sabadell SA with another local bank as a way to counter an unsolicited bid from BBVA SA, according to people familiar with the matter. The government would encourage a deal between Sabadell and a Spanish rival that isn't BBVA, according to the people, who asked not to be identified discussing private matters. Any deal is unlikely to happen soon, according to the people.
