Erste Group Bank Ag · VIE:EBS
Erste Group Bank — Q3 2008 Earnings Presentation
67 slides from Erste Group Bank's earnings presentation, Oct 30, 2008
Slide 1: Erste Group – 1-9 08 results presentation
ERSTE GROUP Erste Group – 1-9 08 results presentation 30 October 2008, London Operating performance in line with expectations - withstanding a deteriorating environment Andreas Treichl, CEO Manfred Wimmer, CFO Bernhard Spalt, CRO
Slide 2: Disclaimer – Cautionary note regarding forward-looking statements
Disclaimer – Cautionary note regarding forward-looking statements ERSTE GROUP − THE INFORMATION CONTAINED IN THIS DOCUMENT HAS NOT BEEN INDEPENDENTLY VERIFIED AND NO REPRESENTATION OR WARRANTY EXPRESSED OR IMPLIED IS MADE AS TO, AND NO RELIANCE SHOULD BE PLACED ON, THE FAIRNESS, ACCURACY, COMPLETENE
Slide 3: Presentation topics
Presentation topics ERSTE GROUP − Summary and 1-9 2008 highlights − 1-9 2008 key topics − Financials and segment reporting − Appendix NB: • As a result of the sale of the insurance business and of two other investments in Romania, the profit and loss statement (the previous “Income from insurance bu
Slide 4: 1-9 08 financial highlights – Executive summary
1-9 08 financial highlights – Executive summary ERSTE GROUP − Operating profit continued to show healthy growth - up 23.2% in 1-9 08 1 − Based on a solid performance of the regional Retail & SME business in Austria and CEE (+34.0%) mainly supported by strong CEE contribution (+52.2%) − Asset portfol
Slide 5: 1-9 08 financial highlights – Improved capital ratios after insurance sale
1-9 08 financial highlights – Improved capital ratios after insurance sale ERSTE GROUP − Net profit up 74.6% yoy (EUR 1,463m) including sale Cash earnings per share * of insurance business in Q3 08 Cash EPS excl insurance − Adjusted for the insurance sale net profit rose 2.8% 6.0 EUR 2.86 to EUR 861
Slide 6: 1-9 08 divisional highlights – New segment reporting improves transparency
1-9 08 divisional highlights – New segment reporting improves transparency1 ERSTE GROUP Short description of new segments: Operating result per segment * in EUR million 1-9 08 1-9 07 Change − Retail & SME: Focus on core customers in the Retail & SME 1,861.0 1,389.1 34.0% region Austria 500.3 494.9 1
Slide 7: 1-9 P&L highlights – Revenues remain stable quarter on quarter
1-9 08 P&L highlights – Revenues remain stable quarter on quarter ERSTE GROUP − Stable operating income - EUR 1.76bn vs EUR 1.77bn Net profit per quarter in Q2 08 − NII improved strongly by 9.7% qoq mainly on resilient growth of 900 loans and deposits in CEE and Austria at stable margins; 800 Exclud
Slide 8: 1-9 – Balance sheet highlights
1-9 08 – Balance sheet highlights Stable loan to deposit ratio – not to exceed 115% ERSTE GROUP Loan vs deposit development 110% 114% 113% 140 107% 107% 126 120% 114 111 120 100 100% 97 91 100 in EUR billion 73 68 80 80% 80 71 60% 60 40 40% 20 20% 0 0% 2004 2005 2006 2007 Sep 08 Loans and advances t
Slide 9: Presentation topics
Presentation topics ERSTE GROUP − Summary and 1-9 2008 highlights − 1-9 2008 key topics − Financials and segment reporting − Appendix 1-9 2008 results Analyst presentation & conference call 30 October 2008 9
Slide 10: Key topics: Macro outlook for CEE
Key topics: Macro outlook for CEE Cautiously optimistic scenario in a challenging environment ERSTE GROUP Real GDP growth outlook for CEE Inflation outlook for CEE 10% 25% 8% 20% 6% 15% 4% 10% 2% 5% 0% 0% Czech Romania Slovakia Hungary Croatia Serbia Ukraine Czech Romania Slovakia Hungary Croatia Se
Slide 11: Key topics: Hungary – Addressing the impacts of the financial crisis
Key topics: Hungary – Addressing the impacts of the financial crisis ERSTE GROUP − Small and open economy which was already weak before the crisis − Low or even flat GDP growth − Shrinking but still considerable budget deficit − High inflation and interest rate environment − 60% of loans denominated
Slide 12: Key topics: Romania – Economy continues to outperform expectations
Key topics: Romania – Economy continues to outperform expectations ERSTE GROUP − The politicians’ focus has shifted to upcoming general elections − Standard & Poor’s has recently lowered Romania’s long- and short-term foreign currency sovereign credit ratings citing inconsistent fiscal policy − Nati
Slide 13: Key topics: ABS/CDO portfolio – Underlying assets continue to perform satisfactorily
Key topics: ABS/CDO portfolio Underlying assets continue to perform satisfactorily ERSTE GROUP − Total face value of ABS/CDO exposure ABS & CDO exposure development* (including redemptions and reinvestments) declined by EUR 230m since YE 2007 - 4.9% − Including redemptions of EUR 70m in Q3 08 4,000
Slide 14: Key topics: ABS/CDO portfolio – Detailed portfolio analysis
Key topics: ABS/CDO portfolio Detailed portfolio analysis ERSTE GROUP − Ratings remain stable to improving ABS/CDO portfolio by ratings (September 2008)* − Investments mainly in amortising structures in EUR m Face Value Market Value +/-% % of total (market value) which increase credit enhancement ov
Slide 15: Key topics: Asset quality and risk costs
Key topics: Asset quality and risk costs – Total exposure increased moderately ytd ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure Risk provisions NPL coverage NPL ratio Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Se
Slide 16: Key topics: Asset quality – NPL ratio stable around 2.5%
Key topics: Asset quality – NPL ratio stable around 2.5% since end 2005 ERSTE GROUP 250 4% 3.4% 222 227 212 212 3.2%3.1% 4% 3.0%2.9% 200 2.8%2.7% 183 187 2.6%2.6% 171 176 3% 2.4%2.4% 156 2.5% 159 2.5%2.4% 2.4% 2.4%2.4%2.5% 153 2.3% 140 145 149 147 2.2% 3% in EUR billion 150 129 131 135 132 120 2% 10
Slide 17: Key topics: Asset quality – Summary & Outlook
Key topics: Asset quality – Summary & Outlook ERSTE GROUP − Annualised risk costs amounted to 67bps of average loans in Q3 08 − In line with management projection of 70bps by YE 08 − Shift in asset quality remains moderate, but worsening global economic environment calls for a more cautious outlook
Slide 18: Key topics: Funding – Pre-funding for 2009 has started
Key topics: Funding Pre-funding for 2009 has started ERSTE GROUP Long Term Funding YTD 2008 Redemption profile 4,50 Total Ave. 4,00 EUR m Amounts issues Maturity 3,50 Senior 4,716 161 2.4 3,00 Pfandbrief in EUR billion 759 24 4.68 2,50 LT2 457 6 12 2,00 1,50 UT2 97 1 9 1,00 T1 3 1 6 0,50 TOTAL 6,031
Slide 19: Key topics: Funding – Outlook for 2009
Key topics: Funding Outlook for 2009 - Focus on Pfandbrief issues ERSTE GROUP Funding Structure YTD 2008 Expected Funding Structure 2009 Capital Capital Senior (LT2, UT2) (LT2, UT2) unsecured 10% 10% 30% Senior Secured 12% Senior Senior unsecured Secured 78% 60% − Focus on unsecured funding − Focus
Slide 20: Key topics: Outlook – Guidance for 2008
Key topics: Outlook – Guidance for 2008 - Focus on operating result ERSTE GROUP − Operating result1 expected to increase by 15% in 2008 − New guidance for 2008 reflects impacts of current financial market environment − Weaker contributions from trading and securities commissions − Continued and bala
Slide 21: Presentation topics
Presentation topics ERSTE GROUP − Summary and 1-9 2008 highlights − H1 2008 key topics − Financials and segment reporting − Appendix 1-9 2008 results Analyst presentation & conference call 30 October 2008 21
Slide 22: Group income statement (IFRS)
Group income statement (IFRS) – Net profit increases supported by insurance deal ERSTE GROUP in EUR million 1-9 08 1-9 07 Change Net interest income 3,573.3 2,844.1 25.6% Risk provisions for loans and advances (602.3) (335.9) 79.3% Net fee and commission income 1,489.0 1,354.2 10.0% Net trading resu
Slide 23: Group balance sheet (IFRS) – Loan growth in line with expectations
Group balance sheet (IFRS)* – Loan growth in line with expectations ERSTE GROUP in EUR million Sep 08 Dec 07 Change Cash and balances with central banks 7,692 7,615 1.0% Loans and advances to credit institutions 19,088 14,937 27.8% Loans and advances to customers 125,673 113,956 10.3% Risk provision
Slide 24: Group balance sheet (IFRS) – Solid deposit growth
Group balance sheet (IFRS)* – Solid deposit growth despite seasonal slow-down ERSTE GROUP in EUR million Sep 08 Dec 07 Change Deposits by banks 37,420 35,165 6.4% Customer deposits 110,964 100,116 10.8% Debt securities in issue 29,802 31,078 (4.1%) Trading liabilities 2,726 1,756 55.2% Underwriting
Slide 25: Core segments – New segment report in line with Group structure
Core segments* – New segment report in line with Group structure ERSTE GROUP Retail & SME GCIB Group Markets Corporate Center Total group in EUR million 1-9 08 1-9 07 1-9 08 1-9 07 1-9 08 1-9 07 1-9 08 1-9 07 1-9 08 1-9 07 Net interest income 3,143.2 2,557.1 329.8 272.5 163.3 58.0 (62.9) (43.5) 3,57
Slide 26: Core segment – Austria
Core segment – Austria Strong NII partly offsetting weaker fee income ERSTE GROUP Savings Banks EB Oesterreich Austria in EUR million 1-9 08 1-9 07 1-9 08 1-9 07 1-9 08 1-9 07 Net interest income 702.7 641.5 445.5 432.0 1,148.3 1,073.5 Risk provisions (158.3) (125.5) (73.7) (74.7) (232.0) (200.2) Ne
Slide 27: Core segment Central and Eastern Europe (1)
Core segment Central and Eastern Europe (1) – Resilient customer business … ERSTE GROUP Czech Republic Romania Slovakia Hungary in EUR million 1-9 08 1-9 07 1-9 08 1-9 07 1-9 08 1-9 07 1-9 08 1-9 07 Net interest income 794.2 590.0 542.5 369.6 256.2 213.6 211.4 178.2 Risk provisions (78.3) (49.0) (69
Slide 28: Core segment Central and Eastern Europe (2)
Core segment Central and Eastern Europe (2) – … supported by strong NII and fee income ERSTE GROUP Croatia Serbia Ukraine CEE in EUR million 1-9 08 1-9 07 1-9 08 1-9 07 1-9 08 1-9 07 1-9 08 1-9 07 Net interest income 144.3 114.1 24.1 11.5 22.2 6.5 1,994.9 1,483.6 Risk provisions (15.9) (12.0) (4.3)
Slide 29: Segment Retail & SME
Segment Retail & SME Focus on core customer business in the region ERSTE GROUP − New structure highlighting focus on local retail Segment operating performance and small to medium-sized local corporate 2,000 clients in Erste Group’s region 1,407 1,475 1,488 1,544 1,500 1,339 − New Erste Bank Oesterr
Slide 30: Segment GCIB – Resilient performance in a changing environment
Segment GCIB – Resilient performance in a changing environment ERSTE GROUP − Net profit improved by 2.8% in 1-9 08 despite Segment operating performance weaker Q3 08 (down 9.8% qoq) 200 − Supported by solid growth of operating result 149 147 148 153 150 127 (+21.3% 1-9 08; +6.2% qoq) 106 104 106 112
Slide 31: Segment Group Markets – Negative impact of market environment
Segment Group Markets – Negative impact of market environment ERSTE GROUP − Net profit declined by 6.3% in 1-9 08 on weak Segment operating performance Q3 08 (down 81.4% qoq) 200 167 − Operating result was down 3.2% 1-9 08 (-76.4% qoq) 150 133 on market environment 109 119 100 85 in EUR million 100
Slide 32: Segment Corporate Center
Segment Corporate Center – Impacted by allocation of insurance sale ERSTE GROUP − Scope of Corporate Center expanded due to Segment operating performance new Group structure 10 1 − In addition to service entities, unallocated business 0 units and consolidation items the Group Corporate -10 -20 in EU
Slide 33: Retail & SME: Austria – EB Oesterreich
Retail & SME: Austria – EB Oesterreich ERSTE GROUP − Segment includes new EB Oesterreich, 3 Segment operating performance majority owned SBs, as well as local 300 production entities 233 236 231 232 231 200 − Net profit declined by 20.5% in 1-9 08 based on in EUR million 85 weaker Q3 08 (down by EUR
Slide 34: Retail & SME: Austria – Savings banks
Retail & SME: Austria – Savings banks ERSTE GROUP − Net profit declined substantially by 56.6% Segment operating performance in 1-9 08 to EUR 5.4m (stable qoq) 400 361 334 − Operating result remained stable despite a very weak 316 322 306 300 Q2 08 200 129 132 in EUR million − Risk costs up 26.2% 1-
Slide 35: Retail & SME: Czech Republic – Resilient revenue growth
Retail & SME: Czech Republic – Resilient revenue growth ERSTE GROUP − Net profit1 improved by 33.8% in 1-9 08 (+19.7%)2 Segment operating performance − Supported by sustained strong increase of operating result +44.3% 1-9 08 (+ 29.0%) 500 363 368 383 − Risk costs increased by 59.8% in 1-9 08 (42.9%)
Slide 36: Retail & SME: Romania
Retail & SME: Romania – Operating income improving quarter on quarter ERSTE GROUP − Net profit improved by 65.7% in 1-9 08 Segment operating performance (+83.1%)1 300 261 258 − Operating result more than doubled to EUR 406.8m 220 239 212 − Swing in risk cost from EUR +21.6m to EUR -69.6m due to 200
Slide 37: Retail & SME: Slovakia
Retail & SME: Slovakia – Expenses impacted by conversion to EUR ERSTE GROUP − Net profit1 improved slightly by 4.2% in Segment operating performance 1-9 08 (-3.0%)2 150 118 122 − Operating result up 24.0% (15.4%) 100 101 106 104 − Risk costs increased by 68.2% (56.6%) 55 51 56 in EUR million 43 47 5
Slide 38: Retail & SME: Hungary
Retail & SME: Hungary – Solid performance in a challenging environment ERSTE GROUP − Net profit improved by 43.4% in 1-9 08 Segment operating performance − Operating result up 25.5% 150 − Risk costs increased by 31.3% in line with loan 106 109 114 101 99 growth and cautious provisioning 100 49 58 50
Slide 39: Retail & SME: Croatia
Retail & SME: Croatia – Efficiency continued to improve ERSTE GROUP − Net profit improved by 29.6% in 1-9 08 Segment operating performance − Operating result up 35.4% 100 − Risk costs increased by 31.9% in line with loan 79 80 68 67 71 63 growth and cautious provisioning 60 46 in EUR million 37 39 −
Slide 40: Retail & SME: Serbia
Retail & SME: Serbia ERSTE GROUP − Serbia reached break-even in line with Segment operating performance plan 15 13 11 − Net profit improved from EUR -2.2m in 10 6 7 8 1-9 07 to EUR 5.4m in 1-9 08 4 in EUR million 5 3 0 − Operating result rose from EUR -4.2m in 0 (1) (1) -5 1-9 07 to EUR 2.7m (7) -10
Slide 41: Retail & SME: Ukraine – Revising the business plan
Retail & SME: Ukraine – Revising the business plan ERSTE GROUP − Net profit down by 57.5% to EUR 19.4m Segment operating performance in line with expansion of operations 15 11 11 − Expansion of branch network stood at 10 3 5 6 5 119 branches in Q3 08 in EUR million 0 − Extremely challenging macro ec
Slide 42: Presentation topics
Presentation topics ERSTE GROUP − Summary and 1-9 2008 highlights − 1-9 2008 key topics − Financials and segment reporting − Appendix − Asset quality (details) − ABS portfolio (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 1-9 2008 results Analyst present
Slide 43: Overview of international exposures – Credit risk by regions
Key topics: Overview of international exposures Credit risk by regions* ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure in EUR million Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Share of total Share of total Core market 147,984 128,152 19,485
Slide 44: Overview of international exposures – Credit risk by industry sectors
Key topics: Overview of international exposures Credit risk by industry sectors* ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure in EUR million Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Share of total Share of total Banking and insurance 47,3
Slide 45: Presentation topics
Presentation topics ERSTE GROUP − Summary and 1-9 2008 highlights − 1-9 2008 key topics − Financials and segment reporting − Appendix − Asset quality (details) − ABS portfolio (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 1-9 2008 results Analyst present
Slide 46: Key topics: ABS/CDO portfolio – Details on ABS portfolio
Key topics: ABS/CDO portfolio Details on ABS portfolio ERSTE GROUP − Erste Group has no exposure to US RMBS ABS portfolio by ratings (September 2008)* and US CMBS in EUR m Face Value Market Value +/-% % of total(market value) AAA 259 247 (4.7%) 16.9% − Criteria for RMBS investments AA 480 444 (7.5%)
Slide 47: Key topics: ABS/CDO portfolio – Details on CDO portfolio
Key topics: ABS/CDO portfolio Details on CDO portfolio ERSTE GROUP − Cash CLOs with strong corporate fundamental value make up 82% of portfolio CDO portfolio by products (September 2008)* − 65% of US CLOs are AAA rated % of total in EUR m Face Value Market Value +/-% (market value) − Remainder is mi
Slide 48: Presentation topics
Presentation topics ERSTE GROUP − Summary and 1-9 2008 highlights − 1-9 2008 key topics − Financials and segment reporting − Appendix − Asset quality (details) − ABS portfolio (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 1-9 2008 results Analyst present
Slide 49: Summary financials of CEE subsidiaries
Summary financials of CEE subsidiaries Results (IFRS) as reported by local entities* ERSTE GROUP 97.99% 69.17% 100.00% 99.94% in EUR million 1-9 08 1-9 07 Change 1-9 08 1-9 07 Change 1-9 08 1-9 07 Change 1-9 08 1-9 07 Change Net profit after minorities 561.4 323.8 73.4% 341.5 198.8 71.8% 132.3 101.8
Slide 50: Financials (IFRS) of CEE subsidiaries – Česká spořitelna
Financials (IFRS) of CEE subsidiaries Česká spořitelna * ERSTE GROUP in EUR million 1-9 08 1-9 07 Change Net interest income 877.5 711.5 23.3% Risk provisions for loans and advances (96.6) (55.1) 75.3% Net fee and commission income 323.5 284.4 13.7% Net trading result 53.9 46.9 15.0% General adminis
Slide 51: Financials of CEE subsidiaries – Banca Comercială Română
Financials (IFRS) of CEE subsidiaries (cont) Banca Comercială Română (post restruct. costs) * ERSTE GROUP in EUR million 1-9 08 1-9 07 Change Net interest income 592.9 374.0 58.5% Risk provisions for loans and advances (105.8) (27.6) >100.0% Net fee and commission income 201.7 162.6 24.0% Net tradin
Slide 52: Financials of CEE subsidiaries – Slovenská sporiteľňa
Financials (IFRS) of CEE subsidiaries (cont) Slovenská sporiteľňa * ERSTE GROUP in EUR million 1-9 08 1-9 07 Change Net interest income 273.2 243.0 12.5% Risk provisions for loans and advances (45.5) (27.0) 68.5% Net fee and commission income 82.8 75.0 10.4% Net trading result 19.7 17.0 16.2% Genera
Slide 53: Financials of CEE subsidiaries – Erste Bank Hungary
Financials (IFRS) of CEE subsidiaries (cont) Erste Bank Hungary * ERSTE GROUP in EUR million 1-9 08 1-9 07 Change Net interest income 225.1 192.0 17.2% Risk provisions for loans and advances (47.8) (36.7) 30.2% Net fee and commission income 105.7 95.6 10.5% Net trading result 29.2 29.0 0.6% General
Slide 54: Financials of CEE subsidiaries – Erste Bank Croatia
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Croatia * ERSTE GROUP in EUR million 1-9 08 1-9 07 Change Net interest income 141.0 118.4 19.1% Risk provisions for loans and advances (14.0) (11.5) 21.3% Net fee and commission income 41.7 36.5 14.1% Net trading result 17.5 13.2 32.3% Genera
Slide 55: Financials of CEE subsidiaries – Erste Bank Serbia
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Serbia * ERSTE GROUP in EUR million 1-9 08 1-9 07 Change Net interest income 25.9 12.6 >100.0% Risk provisions for loans and advances (4.3) 0.5 na Net fee and commission income 5.4 3.6 51.4% Net trading result 2.3 0.9 >100.0% General administ
Slide 56: Financials of CEE subsidiaries – Erste Bank Ukraine
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Ukraine * ERSTE GROUP in EUR million 1-9 08 1-9 07 Change Net interest income 39.5 13.0 >100.0% Risk provisions for loans and advances (7.3) (6.5) 12.4% Net fee and commission income 2.3 0.5 >100.0% Net trading result 4.3 2.1 >100.0% General
Slide 57: Presentation topics
Presentation topics ERSTE GROUP − Summary and 1-9 2008 highlights − 1-9 2008 key topics − Financials and segment reporting − Appendix − Asset quality (details) − ABS portfolio (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 1-9 2008 results Analyst present
Slide 58: Erste Group historic financials – Quarterly income statement (IFRS)
Erste Group historic financials – Quarterly income statement (IFRS) ERSTE GROUP in EUR million Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Net interest income 927.8 903.7 953.8 986.6 1,101.7 1,151.1 1,154.9 1,267.3 Net fee and commission income 409.4 438.9 446.0 469.3 503.7 491.9 510.3 486.8 Net
Slide 59: Erste Group historic financials – Quarterly balance sheet (IFRS)
Erste Group historic financials – Quarterly balance sheet (IFRS) ERSTE GROUP in EUR million Dec 06 Mar 07 Jun 07 Sep 07 Dec 07 Mar 08 Jun 08 Sep 08 Cash and balances with central banks 7,378 6,861 6,753 7,311 7,615 7,783 6,854 7,692 Loans and advances to credit institutions 16,616 20,877 21,405 21,2
Slide 60: Quarterly segment reporting – Overview of main segments
Quarterly segment reporting – Overview of main segments ERSTE GROUP in EUR million Retail & SME Group Corporate & Investment Banking Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Net interest income 902.1 938.1 1,014.4 1,020.4 1,108.4 93.6 100.5 106.5 110.3 113.0 Risk provisions (93.0)
Slide 61: Quarterly segment reporting – Austria sub-segments
Quarterly segment reporting – Austria sub-segments ERSTE GROUP in EUR million Erste Bank Oesterreich Savings Banks Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Net interest income 150.7 148.5 147.6 143.6 154.3 221.6 223.0 258.0 203.0 241.8 Risk provisions (24.7) (26.4) (24.8) (25.2) (
Slide 62: Quarterly segment reporting – CEE sub-segments (1)
Quarterly segment reporting – Central and Eastern Europe sub-segments (1) ERSTE GROUP in EUR million Czech Republic Romania Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Net interest income 210.6 230.2 249.0 262.6 282.5 134.0 141.2 166.6 190.1 185.8 Risk provisions (16.3) (21.1) (21.9)
Slide 63: Quarterly segment reporting – CEE sub-segments (2)
Quarterly segment reporting – Central and Eastern Europe sub-segments (2) ERSTE GROUP in EUR million Croatia Serbia Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Net interest income 40.6 43.9 43.4 48.4 52.4 4.6 4.6 6.0 8.7 9.5 Risk provisions (5.9) (6.3) (4.1) (6.4) (5.3) 0.8 (0.4) (2.
Slide 64: Presentation topics
Presentation topics ERSTE GROUP − Summary and 1-9 2008 highlights − 1-9 2008 key topics − Financials and segment reporting − Appendix − Asset quality (details) − ABS portfolio (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 1-9 2008 results Analyst present
Slide 65: Group capital adequacy – Tier 1 and solvency ratios within target ranges
Group capital adequacy* – Tier 1 and solvency ratios within target ranges ERSTE GROUP in EUR million 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Sep 08 Tier 1 Capital pursuant to § Austrian Banking Act 1,611 1,753 2,125 2,337 3,800 3,912 4,377 5,112 6,185 6,674 6,931 Total own funds pursuant t
Slide 66: Shareholder structure
Shareholder structure – Total number of shares: 317,012,763 ERSTE GROUP By investor By region Austria Verein 5.0% Others Continental Europe 2.4% DIE ERSTE 13.7% österreichische Spar-Casse Privatstiftung 31.1% UK & Ireland 12.7% Institutional Austria investors 54.9% 46.1% Employees 3.5% Savings banks
Slide 67: Investor relations contacts
Investor relations contacts ERSTE GROUP − Erste Group Bank AG, Graben 21, 1010 Vienna Fax +43 (0)5 0100-13112 E-mail: investor.relations@erstegroup.com Internet: www.erstegroup.com Reuters: ERST.VI Bloomberg: EBS AV Datastream: O:ERS ISIN: AT0000652011 − Investor relations Gabriele Werzer Tel: +43 (