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Challenges_in_the_Central_European_banking_environment

Challenges_in_the_Central_European_banking_environment -...

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2 0 0 3 Challenges in the Central European banking environment Herman Agneessens, Managing Director
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2 Investor Day 2 0 0 3 Agenda Overview of Central European presence Overview on the bank’s performance in ‘02 and 1Q '03 Comments on the ‘02 earnings in Poland Poland : the outlook Overall growth outlook for CE banking
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3 Investor Day 2 0 0 3 Central Europe, current presence Poland Kredyt Bank (77%) Warta (40%) Czech Republic CSOB (84%) CSOB Pojist’ovna (84%) Patria Finance (100%) Slovakia CSOB (84%) Ergo Poist’ovna (69%) Hungary K&H Bank (59%) K&H Life (80%) Argosz (99%) Slovenia NLB (34%) NLB Vita (67%) Indirect presence Lituania & Ukraine (via Kredyt Bank) Bosnia, Serbia & Macedonia (via NLB) Percentages concern direct + indirect presence
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4 Investor Day 2 0 0 3 Central Europe, market postion banking Poland (banking) Ranking: 6th Market share: 6% Clients: 1.2 m * Branches: 385 Czech Republic (banking) Ranking: 1st Market share: 18% Clients: 3.1 m Branches: 205 Slovakia (banking) Ranking: 4th Market share: 5% Clients: 0.2 m Branches: 51 Hungary (banking) Ranking: 2nd Market share: 12% Clients: 0.8 m Branches 163 Slovenia (banking) Ranking 1st Market share: 44% Clients: 0.9 m Branches 217 Market share is average of share in customer credits and in customer deposits * estimate (31-12-2002)
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5 Investor Day 2 0 0 3 Central Europe, market postion insurance Poland (non-life / life insur.) Ranking: 2nd/10th Market share: 13%/1% Czech Republic (non-life / life insur.) Ranking: 5th/4th Market share: 5%/10% Slovakia (non-life / life insur.) Ranking: 7th/7th Market share: 2%/4% Hungary (non-life / life insur.) Ranking: 6th/14th Market share: 4%/1% Slovenia Start-up phase of life assurance cy (31-12-2002)
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6 Investor Day 2 0 0 3 Central European banking, the genesis 1994 Policy to pursue presence in CE countries (other than Baltic states) likely to join EU in 1 st wave 1996 First minority stake purchase in Kredyt Bank, Poland 1997 Reference shareholdership in K&H Bank, Hungary through privatisation 1999 Majority shareholding in CSOB, Czech & Slovak Republics, through privatisation 1999 KBC becomes majority shareholder in K&H Bank 2000 Take-over of IPB assets & liabilities by CSOB 2001 Merger K&H Bank & ABN AMRO Magyar 2001 Majority shareholding in Kredyt Bank in November 2002 34% shareholding in Nova Ljubljanska Banka, Slovenia
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7 Investor Day 2 0 0 3 Central European banking, the investments Breakdown investment in banks KBC participation Investment (EUR m) P/BV Czech and Slovak Republics CSOB Patria Finance 84% 100% 1 369 53 2.3 4.1 Hungary K&H Bank 59% 276 1.3 Poland Kredyt Bank 77% 524 1.4 Slovenia NLB 34% 434 2.7 Total investment EUR m Banks 2 656 Insurance companies 298 Total 2 954
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8 Investor Day 2 0 0 3 Central European banking performance, stand-alone 2002 earnings 186 199 -3 -82 16 48 63 -150 -100 -50 0 50 100 150 200 CSOB Kredyt Bank K&H NLB 2001 2002 In m EUR CSOB (IAS) Kredyt Bank K&H (IAS) NLB (IAS) 2001 2002 2001 2002 2001 2002 2002 RoE 17% 16% -1% -17% 7% 13% 13% C/I 63% 63% 78% 70% 91% 80% 61% RoI 10% -9% 10% (+7%) (+7%) (+210%)
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