CAMEL summary of financial statements for development finance companies, fiscal years 2023 and 2024: FDI, SOFIHDES and system

Banque de la République d'Haïti (BRH) • FY2024 • 1 pages

Summary — The BRH's one-page CAMEL summary of the financial statements of Haiti's two development finance companies, the FDI and SOFIHDES, and of the system they form, for fiscal years 2023 and 2024. System assets fell from HTG 14.7 billion to HTG 14.0 billion, gross loans from HTG 8.0 billion to HTG 7.6 billion, and net result from HTG 60.2 million to HTG 42.8 million, with the FDI posting a loss of HTG 18.2 million in 2024 while SOFIHDES earned HTG 61.0 million. Non-performing loans stood at HTG 4.8 billion, almost all of them at the FDI.

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Key Findings

System assets fell from HTG 14.75 billion (2023) to HTG 14.02 billion (2024), with SOFIHDES shrinking and the FDI growing slightly.
Non-performing loans of HTG 4.76 billion in 2024 were 91 percent at the FDI (HTG 4.32 billion).
The FDI swung from a HTG 13.7 million profit to a HTG 18.2 million loss; SOFIHDES rose from HTG 46.5 million to HTG 61.0 million.
System net result fell from HTG 60.2 million to HTG 42.8 million and interest income from HTG 603.9 million to HTG 523.3 million.
Shareholders' equity of the system rose to HTG 2.76 billion against total liabilities of HTG 11.26 billion.

Full Description

A single-page statistical table published by the Banque de la République d'Haïti's banking supervision as part of its CAMEL reporting on development finance companies (sociétés financières de développement, SFD). It sets out, in gourdes, the summary balance sheet and income statement of the Fonds de Développement Industriel (FDI) and the Société Financière Haïtienne de Développement (SOFIHDES), and of the two together as the system, for fiscal years 2023 and 2024 side by side.

On the balance sheet, system assets declined from HTG 14.75 billion in 2023 to HTG 14.02 billion in 2024, driven by SOFIHDES (HTG 4.58 billion to HTG 3.72 billion) while the FDI grew slightly (HTG 10.17 billion to HTG 10.30 billion). Gross loans fell from HTG 8.02 billion to HTG 7.59 billion and non-performing loans from HTG 4.84 billion to HTG 4.76 billion, of which HTG 4.32 billion sat with the FDI against HTG 0.44 billion at SOFIHDES; provisions of HTG 2.64 billion left net loans of HTG 4.95 billion. Liquidity and short-term placements were HTG 1.45 billion, medium- and long-term placements HTG 2.46 billion, and non-operating real estate HTG 0.83 billion. Total liabilities were HTG 11.26 billion and shareholders' equity HTG 2.76 billion.

On results, the system's net result fell from HTG 60.2 million to HTG 42.8 million: the FDI moved from a profit of HTG 13.7 million to a loss of HTG 18.2 million while SOFIHDES improved from HTG 46.5 million to HTG 61.0 million. Interest income for the system fell from HTG 603.9 million to HTG 523.3 million, with the FDI recording no interest expense and SOFIHDES HTG 82.9 million. The companion table of ratios for the same fiscal year is held separately.

Full Document Text

Extracted text from the original document for search indexing.

SOCIÉTÉS FINANCIÈRES DE DÉVELOPPEMENT (SFD) SOMMAIRE DES ÉTATS FINANCIERS Indicateur FDI SOFIHDES 2023 2024 Actif total Liquidités+Placements CT Placements MT & LT Prêts bruts Prets improductifs Provisions sur prêts Prêts nets Immobilisations nettes Biens immobiliers hors exploitation Autres actifs 10 167 237 344 1 298 576 313 1 454 544 011 5 907 811 265 4 410 766 911 2 692 895 567 3 214 915 698 479 765 991 445 012 148 3 274 423 183 10 300 918 449 1 384 264 749 1 454 544 011 5 503 085 605 4 315 937 683 2 463 152 126 3 039 933 479 563 390 859 417 645 441 3 441 139 910 Passifs et Avoir des actionnaires Passif total Fonds propres / Avoir actionnaires 10 167 237 344 8 013 600 359 2 153 636 985 Résultat net Revenus d'intérêts Charges interets Revenu net d'intérêts Autres revenus Revenus totaux Dépenses d'exploitation / Fonctionnement Salaires et avantages Souces : États financiers audités 2023 et 2024 2023 SYSTEME 2024 2023 2024 4 579 161 078 716 751 360 1 250 239 267 2 111 906 676 429 736 101 179 265 638 1 932 641 038 144 560 513 335 784 898 199 184 002 3 720 355 052 65 280 045 1 006 354 274 2 087 126 240 443 263 281 176 007 033 1 911 119 207 129 594 781 417 048 530 190 958 215 14 746 398 422 2 015 327 673 2 704 783 278 8 019 717 941 4 840 503 012 2 872 161 205 5 147 556 736 624 326 504 780 797 046 3 473 607 185 14 021 273 501 1 449 544 794 2 460 898 285 7 590 211 845 4 759 200 964 2 639 159 159 4 951 052 686 692 985 640 834 693 971 3 632 098 125 10 300 918 449 8 111 089 571 2 189 828 878 4 579 161 078 4 061 833 191 517 327 887 3 720 355 052 3 146 377 974 573 977 078 14 746 398 422 12 075 433 550 2 670 964 872 14 021 273 501 11 257 467 545 2 763 805 956 13 720 332 -18 240 762 46 528 307 61 034 832 60 248 639 42 794 070 292 104 243 0 292 104 243 161 385 055 453 489 298 343 061 150 226 155 646 214 959 980 0 214 959 980 194 064 326 409 024 306 378 081 088 254 883 606 311 772 067 85 174 852 226 597 215 74 055 057 267 103 426 205 151 290 96 031 188 308 335 488 82 851 603 225 483 885 68 734 428 290 588 943 223 271 238 93 381 709 603 876 310 85 174 852 518 701 458 235 440 112 720 592 724 548 212 440 322 186 834 523 295 468 82 851 603 440 443 865 262 798 754 699 613 249 601 352 326 348 265 315

How to cite

Banque de la République d'Haïti (BRH), CAMEL summary of financial statements for development finance companies, fiscal years 2023 and 2024: FDI, SOFIHDES and system, https://www.brh.ht/supervision-bancaire/rapports-statistiques-2/

Rights holder: Banque de la République d'Haïti (BRH)

CAMEL summary of financial statements for development finance companies, fiscal years 2023 and 2024: FDI, SOFIHDES and system

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