DISCLOSURE OF FINANCIAL INFORMATION June/2018

DISCLOSURE OF

FINANCIAL INFORMATION

June/2018

TABLE OF CONTENT

* Balance Sheet

* Profit and loss Account

* List of shareholders with qualifying holdings

* Names of the members of the Company’s Board

* Cash flow statement

* Off-balance- sheet exposures other than derivatives

transactions

* Derivatives transactions

* Related party transactions

* Capital

* Credit Risk Geographic distribution of exposures

Industry distribution of exposures

Maturity analysis on assets & liabilities

Analysis on past due assets

* Market risk

* Interest rate risk in the banking book

* Foreign exchange risk

* Liquidity risk

AMCM’s guidelines dated 16/11/2012 ( Circular no. 026/B/2012-DSB/AMCM )

* Unaudited

BALANCE SHEET AS OF JUNE 30, 2018 MOP

ASSETS GROSS ASSETS

PROVISIONS,

AMORTIZATIONS & NET

VALUE

NET ASSETS

CASH 1,693,213,738.72 0.00 1,693,213,738.72

DEPOSITS WITH AMCM 669,345,423.15 0.00 669,345,423.15

CERTIFICATES OF INDEBTEDNESS ISSUED BY THE MACAU

GOVERNMENT

8,755,084,389.68

0.00

8,755,084,389.68

ACCOUNTS RECEIVABLE 84,464,222.49 0.00 84,464,222.49

DEMAND DEPOSITS WITH OTHER CREDIT INSTITUTIONS IN

MACAU

333,053,764.62

0.00

333,053,764.62

DEMAND DEPOSITS WITH OTHER CREDIT INSTITUTIONS

ABROAD

1,047,787,953.02

0.00

1,047,787,953.02

GOLD AND SILVER 0.00 0.00 0.00

OTHER CURRENT ASSETS 2,306,318.20 0.00 2,306,318.20

CREDIT GRANTED 25,908,798,275.57 65,640,683.15 25,843,157,592.42

PLACEMENTS WITH CREDIT INSTITUTIONS IN MACAU

4,897,000,000.00

0.00

4,897,000,000.00

DEPOSITS AT CALL AND TIME DEPOSITS WITH CREDIT

INSTITUTIONS ABROAD

7,102,353,055.22

0.00

7,102,353,055.22

SHARES, BONDS AND EQUITY 5,172,298,015.22 0.00 5,172,298,015.22

INVESTMENT OF ASSIGNED FUNDS 0.00 0.00 0.00

DEBTORS 170,665,851.14 0.00 170,665,851.14

OTHER PLACEMENTS 0.00 0.00 0.00

FINANCIAL INVESTMENTS 8,946,081.16 0.00 8,946,081.16

PROPERTY 2,001,301,683.49 108,976,123.02 1,892,325,560.47

EQUIPMENT 156,995,460.54 118,732,083.62 38,263,376.92

DEFERRED COST 109,135,484.72 81,673,528.11 27,461,956.61

START-UP EXPENDITURE 0.00 0.00 0.00

FIXED ASSETS IN PROGRESS 0.00 0.00 0.00

OTHER FIXED ASSETS 1,833,731.65 0.00 1,833,731.65

INTERNAL AND ADJUSTMENT ACCOUNTS 185,258,187.09 0.00 185,258,187.09

TOTAL 58,299,841,635.68 375,022,417.90 57,924,819,217.78

BALANCE SHEET AS OF JUNE 30, 2018

MOP

LIABILITIES SUB-TOTAL TOTAL

BANKNOTES IN CIRCULATION 8,686,975,080.00

CURRENT DEPOSITS 18,755,255,147.29

DEPOSITS AT CALL 0.00

TIME DEPOSITS 8,479,837,041.35 27,235,092,188.64

GOVERNMENT DEPOSITS 11,231,491,370.81

AMOUNTS DUE TO CREDIT INSTITUTIONS IN MACAU 448,193,694.72

AMOUNTS DUE TO OTHER LOCAL ENTITIES 0.00

AMOUNTS DUE TO CREDIT INSTITUTIONS ABROAD 2,342,517,287.70

ASSIGNED FUNDS 0.00

CHEQUES AND ORDERS PAYABLE 1,876,956.17

CREDITORS 122,425,437.73

OTHER LIABILITIES 178,505,956.17 14,325,010,703.30

INTERNAL AND ADJUSTMENT ACCOUNTS 494,719,770.29

PROVISIONS FOR RISKS 286,529,917.98

CAPITAL 2,000,000,000.00

OTHER RESERVES 4,625,001,607.76 6,625,001,607.76

NET PROFIT BROUGHT FORWARD 0.00

NET PROFIT FOR THE PERIOD 271,489,949.81

TOTAL 57,924,819,217.78

PROFIT AND LOSS ACCOUNT AS OF JUNE 30, 2018

Operating Account

MOP

DEBIT AMOUNT CREDIT AMOUNT

COST OF CREDIT OPERATIONS 206,532,026.58 INCOME FROM CREDIT OPERATIONS 589,232,796.08

PERSONNEL COSTS 108,080,004.68 INCOME FROM BANKING SERVICES 157,540,214.48

INCOME FROM OTHER BANKING SERVICES 41,532,135.33

INCOME FROM SECURITIES AND EQUITY

INVESTMENTS193,426.24

SALARIES AND WAGES 89,219,635.22 OTHER BANKING INCOME 10,892,259.38

BENEFITS 13,091,066.63 INCOME FROM NON-BANKING OPERATIONS 5,227,358.33

OTHERS 1,388,457.80 OPERATING LOSS 0.00

THIRD PARTY SUPPLY 4,403,118.29

THIRD PARTY SERVICES 52,291,361.08

OTHER BANKING COSTS 93,847,573.34

TAXATION 616,445.67

COSTS OF NON-BANKING OPERATIONS 2,181,999.83

DEPRECIATION ALLOWANCES 28,924,126.83

PROVISION ALLOWANCES 31,892,874.01

OPERATING PROFIT 275,848,659.53 TOTAL 804,618,189.84

TOTAL 804,618,189.84

REMUNERATION OF

BOARD OF DIRECTORS AND

SUPERVISORY COMMITTEE

4,380,845.03

PROFIT AND LOSS ACCOUNT AS OF JUNE 30, 2018

Statement of Profit and Loss

MOP

DEBIT AMOUNT CREDIT AMOUNT

OPERATING LOSS 0.00 OPERATING PROFIT 275,848,659.53

LOSSES RELATED TO PREVIOUS YEARS 55,015,916.08 PROFIT RELATED TO PREVIOUS YEARS 34,025,000.28

EXCEPTIONAL LOSSES 0.00 EXCEPTIONAL PROFITS 0.00

PROFIT TAX PROVISION 38,383,710.00 PROVISIONS USED UP 55,015,916.08

PROFIT FOR THE PERIOD 271,489,949.81 LOSS FOR THE PERIOD 0.00

TOTAL 364,889,575.89 TOTAL 364,889,575.89

PRESIDENT OF THE EXECUTIVE COMMITTEE

CARLOS MANUEL SOBRAL CID DA COSTA ÁLVARES

HEAD OF ACCOUNTING

CECILIA KOU

LIST OF THE SHAREHOLDERS WITH QUALIFYING HOLDINGS

• Caixa Geral de Depósitos, SA. ----------------------------------------------------- 99.425%

LIST OF THE SHAREHOLDERS WITH QUALIFYING HOLDINGS

Board of the General Meeting

Chairman: • Joaquim Jorge Perestrelo Neto Valente

Vice – Chairman : • Liu Chak Wan

Board of Directors

Chairman: • Caixa Geral de Depósitos, SA., represented by

José João Guilherme

Vice – Chairman : • Carlos Manuel Sobral Cid da Costa Àlvares

Members : • Leandro Rodrigues da Graça Silva

• Tou Kei San

• Ieong Kim Man

• João Paulo Tudela Martins

• Tse See Fan Paul

Executive Committee

President : • Carlos Manuel Sobral Cid da Costa Àlvares

Members : • Leandro Rodrigues da Graça Silva

• Tou Kei San

• Ieong Kim Man

Sole Supervisor: • CSC & Associados – Sociedade de Auditores

represented by auditor, Chui Sai Cheong

Secretary: • Pedro Afonso Correia Branco

Cash Flow Statement MOP

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before tax 309,873,660

Adjustments for :

Depreciation 28,924,127

Provision for doubtful loans and advances to customers (2,132,126)

Interest income from investments in debt securities (66,793,643)

Other Interest income (522,439,154)

Interest expense 206,532,027

Dividend income (171,678)

Net gain on disposal of items of property and equipment (49,104)

Net gain on disposal and redemption from investment in debt securities (21,748)

Amortization of discounts / premiums on debt securities, net 3,260,173

Exchange adjustments (10,973,036)

(53,990,502)

Decrease in placements with banks and other financial institutions with original

maturity more than three months 3,485,771,860

Increase in minimum reserves with the monetary authorities (179,037,152)

Increase in debt certificates issued by the Macao Government (551,026,207)

Increase in loans and advances to customers 2,621,650,584

Increase in other assets 104,055,263

Increase in deposits and balances with banks and other financial institutions 39,080,704

Decrease in deposits from customers (8,789,291,991)

Increase in bank notes in circulation 130,599,940

Increase in other liabilities (10,992,850)

Cash generated from operations (3,203,180,351)

Macao Complementary Tax paid (2,610,915)

Interest received 552,982,587

Interest paid (238,344,442)

Net cash flows from operating activities (2,891,153,121)

Cash Flow Statement MOP

MOP

CASH FLOWS FROM INVESTING ACTIVITIES

Interest received from investments in debt securities 72,668,247

Dividends received 171,678

Purchases of investments in securities (1,614,772,315)

Proceeds from disposal and redemption of investments in securities 1,445,333,798

Purchases of items of property and equipment (28,705,344)

Proceeds from disposal of items of property and equipment 79,104

Net cash flows used in investing activities (125,224,832)

CASH FLOWS USED IN FINANCING ACTIVITIES

Dividend paid (308,153,783)

Net Decrease in cash and cash equivalents (308,153,783)

Cash and cash equivalents at 1st January 13,415,161,120

Cash and cash equivalents at 30th June 13,107,007,337

REPRESENTED BY

Cash and short-term funds 3,743,688,016

Placements with banks and other financial institutions

with original maturity at or within three months 6,999,803,906

Less: Minimum reserves with the monetary authorities (652,862,538)

10,090,629,384

Off- Balance Sheet Exposures other than Derivatives Transactions

MOP Thousands

Contractual or notional amount of each material class of

Off-Balance-Sheet exposures

(a) Credit substitutes -

(b) Transaction-related contingencies 2,802,999

(c) Acceptances and other trade-related contingencies 21,698

(d) Note issuance facilities, revolving underwriting facilities and other similar facilities -

(e) Forward asset purchases -

(f) Unpaid portion of partly paid shares and other securities -

(g) Forward forward deposits -

(h) Asset sales with repurchase option -

(i) Undrawn credit facilities and other commitments to extend credit 9,158,880

(j) Other off-balance-sheet items 831,189,733

Derivatives Transactions

MOP Thousands

Contractual amount or notional amount

Credit risk weighted amounts of interest rate contracts and exchange rate contracts as

calculated in accordance with notice No. 011/2015-AMCM of 10/9/2015

MOP Thousands

Weighted exposure

- Interest rate contracts -

- Foreign exchange rate contracts 34,045

Elements

Nominal value

- Interest rate contracts -

- Exchange rate contracts 3,928,886

- Equities contracts -

- Commodities contracts -

- Others -

Elements

Related Party Transactions

MOP Thousands

Quantitative Disclosure as of June 30, 2018

Debit balances 7,288,621

Interbank assets 7,212,349

Certificates of deposit -

Sundry investments -

Loans granted -

Other assets 48,988

Operating cost 27,284

Credit balances 2,411,353

Deposits of non-bank customers -

Certificates of deposit -

Interbank liabilities 2,290,289

Other liabilities 12,540

Operating income 108,524

Capital

MOP Thousands


* The approach of the CAR’s calculation was in compliance with Notice No. 011/2015-AMCM dated 10 September 2015.

Solvency ratio (i.e. Capital adequacy ratio) is the ratio of the Bank’s own funds to its risk-weighted exposures ( including

credit risk, market risk and operational risk).

2,000,000

3,044,867

1,243,615

-

6,288,482

20.15%

Own funds & solvency ratio

Core capital - paid up share capital

Legal, statutory and other reserves which are created from appropriation of

retained profits

The total amount of supplementary capital

Other deduction from capital

The total amount of own funds after deduction

Capital Adequacy Ratio *

Capital

MOP Thousands


Caixa Geral de Depósitos Group 16.20%

Caixa - Banco de Investimento, S.A. Portugal 24.90%

Mercantile Lisbon Bank Holdings, Ltd. South Africa 14.93%

Banco Caixa Geral Brasil, S.A. Brazil 34.28%

Banco Caixa Geral, S.A. Spain 17.42%

Banco Comercial do Atlântico, S.A. Cape Verde 18.40%

Banco Comercial e de Investimentos, S.A. Mozambique 14.95%

Banco Interatlântico, S.A. Cape Verde 15.05%

-

-

-

-

-

-

The Holding Company

Its significant bank subsidiaries

-

Solvency ratio for the top consolidated group

-

Credit Risk

MOP Thousands

Quantitative Disclosure Geographic Distribution of Exposures of June 30, 2018

Country

code Name

Loans and

advances

Loans and

advances past due

Specific

provision

Debt

securities

Interbank

assets

Government and/or

public sector

Financial

derivatives

Equity

investment

AE UNITED ARAB EMIRATES 58,203 - - - -

AO ANGOLA - - - - -

AU AUSTRALIA - 1,153,386 - - -

BE BELGIUM - - - - -

BD BANGLADESH - - - - -

BR BRAZIL 1,672,419 - - - -

CA CANADA - 235,392 - - -

CH SWITZERLAND - - 410 - -

CN CHINA 48,167 52,638 369,371 - -

KY CAYMAN ISLANDS - - - - -

DE GERMANY - - - - -

DK DENMARK - 4,065 5 - -

ES SPAIN (ESPANA) - - - - -

FR FRANCE - 337,836 4,116 - -

GB UNITED KINGDOM - 566,455 2,992 - -

HK HONG KONG 2,373 496,249 523,838 3,908,762 7,673

ID INDONESIA - - - - -

IN INDIA - - 4,256 - -

IT ITALY - - - - -

JP JAPAN - 857,504 12,256 - -

JE JERSEY - 41,448 - - -

LU LUXEMBOURG - 16,205 5,301 - -

MO MACAU 23,581,777 285,325 (65,641) - 428,054 4,802,000 8,457 1,273

MOP Thousands

Credit Risk

MOP Thousands

Quantitative Disclosure

Geographic Distribution of Exposures of June 30, 2018

Country

code Name

Loans and

advances

Loans and

advances past due

Specific

provision

Debt

securities

Interbank

assets

Government and/or

public sector

Financial

derivatives

Equity

investment

MV MALDIVES 216,073 - -

MZ MOZAMBIQUE 44,461 - - - -

MU MAURITIUS - - - - -

MY Malaysia - - - - -

NL Netherlands - 262,539 - - -

NO NORWAY - - 28 - -

NZ NEW ZEALAND - 54,664 1,948 - -

PL POLAND - - - - -

PT PORTUGAL - - 7,212,349 20,124 -

RU RUSSIAN FEDERATION - - - - -

SA SAUDI ARABIA - - - - -

SG SINGAPORE - 190,178 - - -

ZA SOUTH AFRICA - - - - -

KR SOUTH KOREA - - - - -

SK SLOVAKIA (Slovak Republic) - - - - -

SE SWEDEN - 187,454 4 - -

TR TURKEY - - - - -

US UNITED STATES - 716,285 13,267 - -

VE VENEZUELA - - - - -

VG VIRGIN ISLANDS (BRITISH) - - - - -

25,623,473 285,325 (65,641) 5,172,298 8,578,195 4,802000

3,937,343 8,946

Credit Risk

MOP Thousands


Industry Distribution of Exposures of June 30, 2018

According to AMCM’s requirement, a general provision of 1% for MOP 286 million was made by the end of the period in order to reach a balance of

1% of the aggregated value of the credits which were not overdue for more than 3 months and of guarantees.

SECTORS Loans and advances Loans and advances past due Specific provision Charge-offs

Agriculture and fisheries 1,024 - - -

Manufacturing 502,832 750 (5) -

Electricity, gas and water 845,638 - - -

Construction and public works 642,435 - - -

Trade (Wholesale and retail) 150,930 - (50) 63

Restaurants, hotels and related

activities 562,618 - (140) -

Transport, warehouse and

communications 90,511 - - -

Individuals for house purchases 12,697,991 - (928) -

Individuals for other purposes 686,064 190,187 (23,060) 1,697

Others 9,443,430 94,388 (41,458) 50,645

25,623,473 285,325 (65,641) 52,405

Credit Risk

MOP Thousands

Quantitative Disclosure Maturity Analysis on assets and Liabilities of June 30, 2018

Residual contractual maturity breakdown by types and repayable periods

Type of Accounts Total

Repayable On demand

Within 1 months

(except those

repayable on

demand)

More than 1 month but

not more than 3

months

More than 3 months but

not more than 1 year

More than 1 year

but not more than 3

years

More than

3 years

Within an indefinite

period

ASSETS

Loans and advances to customers 25,623,473 632,839 705,074 275,250 482,326 2,742,562 20,785,422 0

Cash and balances with and loans

and advances to banks 13,380,195 1,381,690 3,112,953 7,998,183 887,369 0 0 0

Certificates of deposit held 0 0 0 0 0 0 0 0

Securities issued by Macao SAR

Government and /or AMCM 8,755,084 0 8,755,084 0 0 0 0 0

Other securities 5,172,298 0 134,744 605,254 813,055 1,712,430 1,906,815 0

Total assets 52,931,050 2,014,529 12,707,855 8,878,687 2,182,750 4,454,992 22,692,237 0

LIABILITIES

Deposits and balances of banks

and financial institutions 500,422 500,422 0 0 0 0 0 0

Deposits from public sector

entities 11,231,491 4,523,325 463,042 2,886,761 3,351,317 7,046 0 0

Deposits from holding and

associated companies 2,290,289 14,999 1,261,990 1,013,300 0 0 0 0

Deposits from non-bank

customers 27,235,091 18,764,914 1,450,755 1,016,676 4,640,727 1,362,019 0 0

Certificates of deposits issued 0 0 0 0 0 0 0 0

Other securities issued

Total liabilities 41,257,293 23,803,660 3,175,787 4,916,737 7,992,044 1,369,065 0 0

Credit Risk

MOP Thousands


Analysis on past due assets of June 30, 2018

Gross amount of past due assets to non-bank customers

Past due for Past due loans & advances (including trade bills) Collateral Specific Provisions

More than 3 months but not more than

6 months 3,115 1.00% 18,489 289

More than 6 months but not more than

1 year 118,968 42.00% 76,172 46,163

More than 1 year 163,242 57.00% 203,441 19,189

TOTAL 285,325 100.00% 298,102 65,641

Market Risk

MOP Thousands


The market risk capital requirements

Items Amount

Interest rate risk 0

Equity position risk 0

Foreign exchange risk 540

Commodities risk 0

Market Risk Capital Charges for all categories 540

Quantitative Disclosure of June 30, 2018

Interest rate exposures at a shock of 200 basis points

Interest rate risk in the banking book

MOP Thousands

Item Time band Long

(a)

(Short)

(b)

Long

(c)

(Short)

(d)

MOP

Total net

long (short)

(e)

Weighing

factor

(%)

Weighted position

long (short)

(f)

1 Within 1 day 6,545,073 (11,650,012) - - (5,104,939) 0 -

2 >1 to <= 7 days 2,144,967 (416,030) - - 1,728,937 0.02 345.79

3 >7 days to <= 1 month 1,482,420 (566,835) - - 915,585 0.1 915.59

4 >1 to <= 3 months 5,943,152 (1,136,266) - - 4,806,886 0.32 15,382.04

5 >3 to <= 6 months 839,662 (3,888,160) - - (3,048,498) 0.72 (21,949.19)

6 >6 months to <=1 year 30,866 (701,472) - - (670,606) 1.43 (9,589.67)

7 >1 to <=2 years 116,568 (603,489) - - (486,921) 2.77 (13,487.71)

8 >2 to <=3 years 69,659 - - - 69,659 4.49 3,127.69

9 >3 to <=4 years 50,352 - - - 50,352 6.14 3,091.61

10 >4 to <=5 years 264,382 - - - 264,382 7.71 20,383.85

11 >5 to <=7 years - - - - - 10.15 -

12 >7 to <=10 years 1,029 - - - 1,029 13.26 136.45

13 >10 to <=15 years - - - - - 17.84 -

14 >15 to <=20 years - - - - - 22.43 -

15 Over 20 years - - - - - 26.03 -

16 Weighted position for this currency (1,643.56)

17 Weighted position of all other currencies 77,270.13

18 Weighted position of all currencies (16(f)+17(f)) 75,626.57

19 Own funds 6,288,482.00

20 Impact on economic value as % of own funds* (18(f) as % of 19(f)) 1.20%

Foreign Exchange Risk

MOP Thousands


Total net long and total net short positions in foreign currencies

Currency

Net Open Position

excluding option contracts

Long or Short

Net Position in Option

contracts

Long or Short

Net Open Position

including option contracts

Long or Short

1. Australian dollars 232 232

2. Canadian dollars (270) (270)

3. Chinese renminbi (981) (981)

4. Euro 923 923

5. Hong Kong dollars 11,917,314 11,917,314

6. Japanese yen (17) (17)

7. New Zealand dollars (237) (237)

8. Pound sterling 138 138

9. Singapore dollars 1,416 1,416

10. Swiss francs 56 56

11. US dollars 34,852 34,852

12. Foreign currencies not separately

specified above, except gold 3,982 3,982

13. Macao patacas (11,957,408)

14. MOP/HKD/USD Position# (in absolute value) 11,952,166

15. Gold -

16. Sum of Net Long Positions Under Items 1-13

11,958,913

17. Sum of Net Short Positions Under Items 1-13 ( in absolute value)

11,958,913

Foreign Exchange Risk Quantitative Disclosure as of June 30, 2018

Where the net position (in absolute terms) in a particular foreign currency constitutes not less than 10% of the total net

position in all foreign currencies, disclose in respect of the particular currency its net long (or net short) position.

Hong Kong Dollar

MOP Thousand equivalent

Spot assets 11,978,536

Spot liabilities -

Forward purchases -

Forward sales (61,222)

Net options position -

Net long position 11,917,314


MOP Thousands

The arithmetic mean of the minimum weekly amount of cash in hand that is required to hold during the reporting period 734,899

The arithmetic mean of its weekly amount of cash in hand during the reporting period 6,347,070

The arithmetic mean of its specified liquid assets at the end of each month during the reporting period 44,962,798

The average ratio of specified liquid asset to total basic liabilities at the end of each month during the reporting period 139.35%

The arithmetic mean of its one-month liquidity ratio in the last week of each month during the reporting period 136.05%

The arithmetic mean of its three-month liquidity ratio in the last week of each month during the reporting period 209.10%

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Documents

DISCLOSURE OF FINANCIAL INFORMATION June/2018