5.0
Financial information
ATLANTICO successfully achieved the proposed objectives, which resulted in a net income of approximately AOA 27 billion, thus representing a return on equity of about 23.7%.
On the one hand, ATLANTICO guided its business throughout the year by the achievement of objectives and goals set forth and, on the other, by the adoption of a set of policies and measures aimed at strengthening the robustness of the balance sheet, particularly with regards to impairment, exchange position, exposure to counterparties and solvency.
Main indicators
Loans
AOA thousand
420,264,577
Deposits
AOA thousand
1,042,924,548
Net assets
AOA thousand
1,358,771,967
Net income
AOA thousand
27,225,088
Total operating income
AOA thousand
102,919,960
Operating costs
AOA thousand
44,036,416
Cost-to-income
48.6%
Return on Equity
23.7%
Capital adequacy ratio
15.9%
Business performance
ATLANTICO’s profit in 2018 amounted to AOA 27,225 million. Compared to 2017, profit increased by AOA 3,396 million, representing a 14% growth. As in the entire financial system, the growth contributed strongly to the Complementary Margin, and to ATLANTICO this growth was 142% compared to 2017, with particular focus on the growth in Gains / (losses) from foreign exchange differences (274%) and Fees and commission income (51%) and the trade finance business, which grew by 87%.
Net income
Business
11%
Digital Customers
1.3 M
Customers
(+218 thousand vs. 2017)
136
Service Points
109
Mass Market Branches
10
Corporate Branches
1
Large Corporate and Institutional Branch
15
Prestige Branches
1
Private Banking Branch
Balance sheet
ATLANTICO’s net assets grew 27% in 2018, reflecting an absolute increase of AOA 289,110 million compared to 2017. In terms of Assets composition, securities became the most representative asset in the balance sheet, benefiting from the significant component in foreign currency and the purchase to Customers for various purposes, including the compliance with credit liabilities.
Assets structure
Liabilities structure
ATLANTICO’s Liabilities increased 30% in 2018, which corresponds to an absolute increase of AOA 282,610 million when compared to 2017. This increase is boosted by the positive performance of Deposits from customers and Deposits from other credit institutions. Regarding the Liabilities structure, Customer deposits are the main source of financing for the activity, representing about 85% of the Liabilities in 2018, in line with the 2017 structure.