Erste Group Bank Ag · VIE:EBS
Erste Group Bank — Q1 2009 Earnings Presentation
72 slides from Erste Group Bank's earnings presentation, Apr 30, 2009
Slide 1: Erste Group – Q1 09 results presentation
ERSTE GROUP Erste Group – Q1 09 results presentation Operating performance remains solid 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, COMPLETENESS
Slide 3: Maintaining our conviction – CEE is the region of choice for Erste Group
Maintaining our conviction – CEE is the region of choice for Erste Group ERSTE GROUP Czech Republic Slovakia Ukraine Clients: 5.3m Retail loans: 29.2% Clients: 2.6m Clients: 0.1m Retail dep.: 31.3% Retail loans: 24.1% Retail loans: 1.6% Retail dep.: 29.0% Retail dep.: 0.2% Branches: 651 Branches: 27
Slide 4: Presentation topics
Presentation topics ERSTE GROUP Summary and Q1 2009 highlights Q1 2009 key topics Q1 2009 financials and segment reporting Appendix NB: • The following tables and texts may contain rounding differences. • As a result of the sale of the insurance business and of two other investments in Romania, the
Slide 5: Q1 09 financial highlights – Executive summary
Q1 09 financial highlights – Executive summary ERSTE GROUP Operating profit1 increased by 10.3% to EUR 838.5m (Q1 08: EUR 760.5m) Backed by a record operating income (up 5.2% yoy to EUR 1.8bn) and contained cost growth (up 1.2% yoy to EUR 975.9m) Retail & SME operating profits were impacted by slowe
Slide 6: Q1 financial highlights – Strong operating performance – higher risk costs
Q1 09 financial highlights – Strong operating performance – higher risk costs ERSTE GROUP Net profit declined by 26.5% to EUR 232.1m yoy Cash earnings per share * Impacted by higher risk costs and negative m-t-m valuations NIM on interest bearing assets (IBA) stable at 2.9% 1.2 1.04 1.00 from 2.8% a
Slide 7: Q1 financial highlights – Trading result supports revenues – costs under control
Q1 09 financial highlights – Trading result supports revenues – costs under control ERSTE GROUP Operating income per quarter Operating expenses per quarter 2,000 1,725 1,767 1,755 1,752 1,814 1,200 1,037 1,052 102 1 144 965 948 976 82 1,000 95 95 482 94 88 in EUR million 1,500 487 445 92 492 510 800
Slide 8: Q1 financial highlights – Segment operating performance overview
Q1 09 financial highlights – Segment operating performance overview ERSTE GROUP Retail & SME segment contribution impacted Operating result per segment * by lower loan demand and weaker currencies Austria supported by resilient NII and strong cost control at EB Oesterreich. in EUR million 1-3 09 1-3
Slide 9: Presentation topics
Presentation topics ERSTE GROUP Summary and Q1 2009 highlights Q1 2009 key topics Q1 2009 financials and segment reporting Appendix Q1 09 results Analyst presentation & conference call 30 April 2009 9
Slide 10: Erste Group's loan book – Quarterly loan book trends by segments
Erste Group’s loan book – Quarterly loan book trends by segments ERSTE GROUP Loans increased by 9.1% yoy but stayed Customer loans by main segments * flat ytd on very limited demand and FX 150 126 126 impact 120 116 122 126 23 22 22 22 23 Within the Retail & SME segment the loan stock in EUR billion
Slide 11: Erste Group's customer deposits – Quarterly deposit trends by segments
Erste Group’s customer deposits – Quarterly deposit trends by segments ERSTE GROUP Stable deposit base ytd (-0.6%) despite Customer deposit trends by main segments * depreciation of CEE currencies 125 109 111 109 109 Deposits increased by 4.6% on Q1 08 100 104 5 5 5 6 5 in EUR billion While deposits
Slide 12: Loan to deposit ratio – Slight increase driven by currency movements
Loan to deposit ratio – Slight increase driven by currency movements ERSTE GROUP Loan vs deposit development 111.9% 113.8% 115.4% 116.2% 160 106.9% 120% 126 126 120 114 109 109 90% 97 100 91 in EUR billion 80 80 73 60% 40 table to be updated 30% 0 0% 2005 2006 2007 2008 Mar 09 Loans and advances to
Slide 13: Erste Group's risk costs – Q1 2009 risk cost composition
Erste Group’s risk costs – Q1 2009 risk cost composition (segment view) ERSTE GROUP Risk costs for Q1 at EUR 370m or 117bps on an annualised basis Although risk costs increased markedly by EUR 207m on Q1 08, they were EUR 99m below Q4 08 levels Risk costs overall stayed in line with expectations ref
Slide 14: Erste Group's risk costs – Major risk cost drivers in Q1 09 yoy
Erste Group‘s risk costs – Major risk cost drivers in Q1 09 yoy (segment view) ERSTE GROUP Incremental risk cost conribution analysis Conservative provisioning in anticipation of downward (in EUR million) migration of the portfolio in line with the economic deterioration. Coverage ratio increased. G
Slide 15: Erste Group's risk costs – Quarterly risk costs (segment view)
Erste Group’s risk costs – Quarterly risk costs (segment view) ERSTE GROUP Risk costs in key segments Quarterly risk cost development (main segments) 4% 600 500 469 in EUR million 3% 2.52% 370 400 2% 1.65% 300 221 1.44% 218 1.20% 163 0.93% 200 1% 0.61% 314 268 100 185 179 131 0% 0 GCIB Austria Czech
Slide 16: Erste Group's asset quality – Exposure overview
Erste Group’s asset quality – Exposure overview ERSTE GROUP Exposure by risk category Exposure by industries (31 March 2009: EUR 217.1 bn) 250 222 227 212 216 217 5 6 11.1% 5 21 6 7 3.4% 200 21 22.7% 22 26 28 4.6% in EUR billion 150 6.0% 100 180 191 195 178 175 50 7.4% 23.3% 0 11.6% 9.9% Mar 08 Jun
Slide 17: Erste Group's asset quality – Non-performing loans and NPL coverage
Erste Group’s asset quality – Non-performing loans and NPL coverage ERSTE GROUP Group NPL ratio vs group NPL coverage NPL distribution (31 March 2009: EUR 7.2 bn) 3.5% 3.3% 100% 2.9% 1.2% 3.0% 10.3% 2.5% 80% 2.8% 2.4% 2.4% 4.6% 2.5% 60% 4.2% 40.5% 2.0% 69% 68% 66% 62% 58% 1.5% 40% 1.0% 20% 9.5% 0.5%
Slide 18: Erste Group's asset quality – Q1 09 highlights
Erste Group’s asset quality – Q1 09 highlights ERSTE GROUP Total exposure almost stable at EUR 217.1 bn up 0.7% ytd (YE 2008: EUR 215.7 bn) Industry distribution of exposure remained well diversified with households and finance/insurance constituting the largest shares NPL development shows consider
Slide 19: Erste Group's capital position – Issue of participation capital
Erste Group’s capital position Issue of participation capital ERSTE GROUP Erste has signed an agreement with the Austrian government allowing it to issue participation capital and hybrid capital totalling up to EUR 2.7bn Participation capital (acc §23 Para 4&5 of Austrian Banking Act) is non-dilutiv
Slide 20: Erste Group's capital position – Regulatory capital vs equity
Erste Group’s capital position – Regulatory capital vs equity ERSTE GROUP Republic of Austria has subscribed to EUR 1bn of Participation Capital ahead of public offering Regulatory capital development (ABA) Positive impact on Regulatory capital and Tier 1 ratio 7.8% Core Tier 1 ratio (excluding hybr
Slide 21: Topic 4: Funding – 2009 funding almost completed
Topic 4: Funding – 2009 funding almost completed ERSTE GROUP Long Term Funding YTD 2009 Total funding needs for 2009 expected to be maximum EUR 5-7bn Total of EUR 5.5bn already raised in 2009 Possibility of issuing up to EUR 6bn of Government guaranteed bonds EUR 4bn already issued at around EURIBOR
Slide 22: Long-term funding in detail – Redemption profile
Long-term funding in detail – Only 1 year has redemptions exceeding EUR 4bn ERSTE GROUP Redemption Profile of Erste Group 4.5 4.1 3.9 4.0 3.5 3.2 2.9 3.0 2.7 in EUR bn 2.5 2.25 2.0 1.6 1.4 1.5 1.2 1.0 0.6 0.3 0.3 0.35 0.3 0.5 0.0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022+
Slide 23: Outlook – Remaining positive, but cautious
Outlook – Remaining positive, but cautious ERSTE GROUP Nobody can predict when the economy will start to recover Erste Group has a strong business model, which is sustainable in and after the current economic crisis Erste Group believes it has control of a significant part of its earnings – NII and
Slide 24: Presentation topics
Presentation topics ERSTE GROUP Summary and Q1 2009 highlights Q1 2009 key topics Q1 2009 financials and segment reporting Appendix Q1 09 results Analyst presentation & conference call 30 April 2009 24
Slide 25: Group income statement (IFRS) – Net profit supported by solid operating performance
Group income statement (IFRS) – Net profit supported by solid operating performance ERSTE GROUP in EUR million 1-3 09 1-3 08 Change Net interest income 1,226.0 1,151.1 6.5% Risk provisions for loans and advances (370.2) (163.1) >100.0% Net fee and commission income 444.6 491.9 (9.6%) Net trading res
Slide 26: Group balance sheet (IFRS) – Loan growth slowed in Q1 2009
Group balance sheet (IFRS)* – Loan growth slowed in Q1 2009 (up 9.1% yoy) ERSTE GROUP in EUR million Mar 09 Dec 08 Change Cash and balances with central banks 5,897 7,556 (22.0%) Loans and advances to credit institutions 12,088 14,344 (15.7%) Loans and advances to customers 126,337 126,185 0.1% Risk
Slide 27: Group balance sheet (IFRS) – Deposits impacted by weaker CEE currencies
Group balance sheet (IFRS)* – Deposits impacted by weaker CEE currencies (+ 4.7% yoy) ERSTE GROUP in EUR million Mar 09 Dec 08 Change Deposits by banks 30,747 34,672 (11.3%) Customer deposits 108,707 109,305 (0.5%) Debt securities in issue 30,951 30,483 1.5% Trading liabilities 2,695 2,519 7.0% Unde
Slide 28: Core segments – Strong performance of Group Markets division
Core segments* – Strong performance of Group Markets division ERSTE GROUP Retail & SME GCIB Group Markets Corporate Center Total group in EUR million 1-3 09 1-3 08 1-3 09 1-3 08 1-3 09 1-3 08 1-3 09 1-3 08 1-3 09 1-3 08 Net interest income 1,070.0 1,014.4 136.6 106.5 58.4 54.1 (39.0) (24.0) 1,226.0
Slide 29: Core segment – Austria
Core segment – Austria Focus on costs mitigating slower revenues and risk ERSTE GROUP Savings Banks EB Oesterreich Austria in EUR million 1-3 09 1-3 08 1-3 09 1-3 08 1-3 09 1-3 08 Net interest income 239.2 258.0 156.4 147.6 395.6 405.6 Risk provisions (59.5) (37.2) (34.1) (24.8) (93.6) (62.1) Net fe
Slide 30: Core segment Central and Eastern Europe (1)
Core segment Central and Eastern Europe (1) – Sustained margins drive NII growth in CEE ERSTE GROUP Czech Republic Romania Slovakia Hungary in EUR million 1-3 09 1-3 08 1-3 09 1-3 08 1-3 09 1-3 08 1-3 09 1-3 08 Net interest income 264.6 249.0 193.2 166.6 82.0 74.9 70.8 65.4 Risk provisions (37.0) (2
Slide 31: Core segment Central and Eastern Europe (2)
Core segment Central and Eastern Europe (2) – Bottom line impacted by higher risk costs ERSTE GROUP Croatia Serbia Ukraine CEE in EUR million 1-3 09 1-3 08 1-3 09 1-3 08 1-3 09 1-3 08 1-3 09 1-3 08 Net interest income 47.6 43.4 7.7 6.0 8.3 3.5 674.4 608.8 Risk provisions (8.1) (4.1) (1.4) (2.1) (14.
Slide 32: Segment Retail & SME – Core retail was impacted by real economy
Segment Retail & SME – Core retail was impacted by real economy ERSTE GROUP Retail & SME is the key profit contributor of Erste Segment operating performance Group Comprises retail, SME, local corporates, local ALM and local 2,000 1,544 1,584 1,475 1,488 1,450 corporate centers in Austria and CEE 1,
Slide 33: Segment GCIB – Strong operating result mitigating higher risk costs
Segment GCIB – Strong operating result mitigating higher risk costs ERSTE GROUP Operating profit advanced by 26.5% yoy to Segment operating performance record EUR 131.3m due to: 200 177 174 Strong operating income growth (+18.5% yoy) driven 147 148 153 150 130 131 by increase in NII (+28.2%) 104 106
Slide 34: Segment Group Markets – Excellent trading result
Segment Group Markets – Excellent trading result ERSTE GROUP Operating result nearly doubled yoy to EUR Segment operating performance 167.7m reflecting: Solid NII (+8.0% yoy) supported by strong money 250 214 market operations in Vienna 200 167 168 150 133 119 Decrease in fee income (-19.4% yoy) due
Slide 35: Segment Corporate Center – Back to a more normal run-rate
Segment Corporate Center – Back to a more normal run-rate ERSTE GROUP What is in the Corporate Center? Segment operating performance Business areas which cannot be allocated to relevant 0 business lines, one-offs and Group ALM -10 -20 (17) in EUR million -30 (24) Line-item analysis -40 (30) (27) (40
Slide 36: Retail & SME: Austria – EB Oesterreich
Retail & SME: Austria – EB Oesterreich ERSTE GROUP Strong operating performance with an Segment operating performance increase of 10.6% yoy Due to higher deposits and stable margins NII 300 231 232 231 233 229 increased by 6% yoy to EUR 156.4m 200 Fee income declined in line with expectations by in
Slide 37: Retail & SME: Austria – Savings banks
Retail & SME: Austria – Savings banks ERSTE GROUP Operating profit declined by 11.0% yoy Segment operating performance due to: 500 361 370 Decline in NII by 7.3% yoy and lower fee 400 306 334 350 300 income down 2.4% yoy driven by reduced in EUR million 200 132 148 118 securities transactions 100 71
Slide 38: Retail & SME: Czech Republic – Resilient operating result
Retail & SME: Czech Republic – Resilient operating result – risk costs increased ERSTE GROUP Operating result down 3.3% (+3.2%) to EUR Segment operating performance 181.8m) due to: Solid increase in NII: up 6.3% (+13.4% FX adjusted) 500 383 406 363 368 357 impact of lower interest rates offset by hi
Slide 39: Retail & SME: Romania – Solid operating result offset by higher risk costs
Retail & SME: Romania – Solid operating result offset by higher risk costs ERSTE GROUP Operating result declined by 3.5% yoy Segment operating performance (+10.1%) impacted by weaker RON 300 261 258 246 Continued strong NII up 16% (32.4%) on strong 2008 250 239 232 loan growth and substantially impr
Slide 40: Retail & SME: Slovakia – Revenues impacted by interest rates and volumes
Retail & SME: Slovakia – Revenues impacted by interest rates and volumes ERSTE GROUP Operating result declined by 9.7% (-17.8%) Segment operating performance Improved NII +9.6%, but flat FX adjusted, as lower interest rates offset higher business volumes 150 118 122 120 104 110 (deposits up 28.1%; l
Slide 41: Retail & SME: Hungary – Impact of economic deterioration is felt
Retail & SME: Hungary – Impact of economic deterioration is felt ERSTE GROUP Operating result declined by 23.0% (-12.8%) Segment operating performance yoy 150 Resilient NII – up 8.3% ýoy (22.7%) backed by strong 109 114 108 99 loan growth in 2008 (avg customer loans increased 100 84 by 30% yoy – in
Slide 42: Retail & SME: Croatia – Resilient operating performance
Retail & SME: Croatia – Resilient operating performance ERSTE GROUP Operating income up 4.5% yoy (+6.5%) Segment operating performance to EUR 66m Solid NII +9.6% despite regulated loan growth 100 79 NIM stable at 3.3% (FY 08: 3.4%) 80 63 71 71 66 Fees were flat (+2.4%) and trading result was down 60
Slide 43: Retail & SME: Serbia – Sustained profitability
Retail & SME: Serbia Sustained profitability ERSTE GROUP Operating income improved strongly by Segment operating performance 34% yoy (+52%) across all line items 15 13 13 11 11 Supported by strong NIM expansion to 7.4% 10 8 4 4 Contained cost growth at 0.9% yoy (15%) 3 in EUR million 5 3 0 Headcount
Slide 44: Retail & SME: Ukraine – Scaling down the business
Retail & SME: Ukraine – Scaling down the business ERSTE GROUP No new lending until substantial change Segment operating performance in market environment 20 16 Branch network to stay at current level 15 11 11 11 of 135 outlets 10 6 5 in EUR million 5 1 Headcount has been reduced by about 0 -5 300 em
Slide 45: Presentation topics
Presentation topics ERSTE GROUP Summary and Q1 2009 highlights Q1 2009 key topics Q1 2009 financials and segment reporting Appendix Asset portfolio (details) Asset quality (details) CEE local statements Quarterly results Key ratios and shareholder structure Q1 09 results Analyst presentation & confe
Slide 46: Key topics: ABS/CDO portfolio – No change in performance of underlying assets
Key topics: ABS/CDO portfolio No change in performance of underlying assets ERSTE GROUP Total face value of ABS/CDO exposure ABS & CDO exposure development* declined by EUR 9m since YE 2008 (including redemptions and reinvestments) Redemptions of EUR 87m in Q1 09 offset by 4 - 17.4% - 37.2% apprecia
Slide 47: Key topics: ABS/CDO portfolio – Detailed portfolio analysis
Key topics: ABS/CDO portfolio Detailed portfolio analysis ERSTE GROUP CDO portfolio by products (March 2009)* ABS/CDO portfolio by ratings (March 2009)* % of total % of total in EUR m Face Value Market Value +/-% in EUR m Face Value Market Value +/-% (market value) (market value) AAA 974 721 (26.0%)
Slide 48: Presentation topics
Presentation topics ERSTE GROUP Summary and Q1 2009 highlights Q1 2009 key topics Q1 2009 financials and segment reporting Appendix Asset portfolio (details) Asset quality (details) CEE local statements Quarterly results Key ratios and shareholder structure Q1 09 results Analyst presentation & confe
Slide 49: Asset quality – Credit risk by segments
Asset quality – Credit risk by segments * ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure Risk provisions NPL coverage NPL ratio Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Retail & SME 119,032 118,606
Slide 50: Asset quality – Credit risk by regions
Asset quality – Credit risk by regions * ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure in EUR million Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Share of total Share of total Core market 133,554 138,299 25,067 23,354 6,606 5,418 6,421 5,719
Slide 51: Asset quality – Credit risk by industry sectors
Asset quality – Credit risk by industry sectors * ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure in EUR million Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Share of total Share of total Agriculture and forestry 1,046 1,139 611 588 149 156 128
Slide 52: Erste Group's asset quality – Key definitions
Erste Group’s asset quality – Key definitions ERSTE GROUP Exposure is a measure of the entire credit risk Risk category Agency ratings of Erste Group, covering: Loans and advances to customers and banks Low risk AAA to BB / Fixed income securities in all portfolios (trading, Aaa to Ba fair value, av
Slide 53: Presentation topics
Presentation topics ERSTE GROUP Summary and Q1 2009 highlights Q1 2009 key topics Q1 2009 financials and segment reporting Appendix Asset portfolio (details) Asset quality (details) CEE local statements Quarterly results Key ratios and shareholder structure Q1 09 results Analyst presentation & confe
Slide 54: 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 1-3 09 1-3 08 Change 1-3 09 1-3 08 Change 1-3 09 1-3 08 Change 1-3 09 1-3 08 Change Net profit after minorities 109.0 116.7 -6.6% 77.2 89.6 -13.8% 18.9 33.6 -4
Slide 55: Financials (IFRS) of CEE subsidiaries – Česká spořitelna
Financials (IFRS) of CEE subsidiaries Qeská spoSitelna * ERSTE GROUP in EUR million 1-3 09 1-3 08 Change Net interest income 281.2 257.7 9.1% Risk provisions for loans and advances (62.0) (23.7) >100.0% Net fee and commission income 95.1 95.2 (0.1%) Net trading result 32.3 24.3 32.7% General adminis
Slide 56: Financials (IFRS) of CEE subsidiaries – Banca Comercială Română
Financials (IFRS) of CEE subsidiaries (cont) Banca ComercialT RomânT (post restruct. costs) * ERSTE GROUP in EUR million 1-3 09 1-3 08 Change Net interest income 206.3 160.2 28.8% Risk provisions for loans and advances (72.1) (27.7) >100.0% Net fee and commission income 41.9 58.2 (28.0%) Net trading
Slide 57: Financials (IFRS) of CEE subsidiaries – Slovenská sporiteľňa
Financials (IFRS) of CEE subsidiaries (cont) Slovenská sporiteVWa * ERSTE GROUP in EUR million 1-3 09 1-3 08 Change Net interest income 87.8 80.9 8.5% Risk provisions for loans and advances (24.5) (11.5) >100.0% Net fee and commission income 27.0 25.8 5.0% Net trading result 3.2 6.2 (48.0%) General
Slide 58: Financials (IFRS) of CEE subsidiaries – Erste Bank Hungary
Financials (IFRS) of CEE subsidiaries (cont) Erste Bank Hungary * ERSTE GROUP in EUR million 1-3 09 1-3 08 Change Net interest income 76.4 62.4 22.4% Risk provisions for loans and advances (23.2) (12.9) 79.8% Net fee and commission income 18.8 28.8 (34.7%) Net trading result 7.6 6.4 18.8% General ad
Slide 59: Financials (IFRS) of CEE subsidiaries – Erste Bank Croatia
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Croatia * ERSTE GROUP in EUR million 1-3 09 1-3 08 Change Net interest income 46.3 42.0 10.2% Risk provisions for loans and advances (7.4) (3.9) 89.7% Net fee and commission income 13.3 12.4 7.3% Net trading result 8.8 4.4 >100.0% General adm
Slide 60: Financials (IFRS) of CEE subsidiaries – Erste Bank Serbia
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Serbia * ERSTE GROUP in EUR million 1-3 09 1-3 08 Change Net interest income 8.0 5.9 35.9% Risk provisions for loans and advances (1.4) (1.8) (21.9%) Net fee and commission income 2.4 1.4 68.9% Net trading result 0.8 0.5 62.1% General adminis
Slide 61: Financials (IFRS) of CEE subsidiaries – Erste Bank Ukraine
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Ukraine * ERSTE GROUP in EUR million 1-3 09 1-3 08 Change Net interest income 11.4 9.1 25.3% Risk provisions for loans and advances (14.6) (4.5) >100.0% Net fee and commission income 0.1 0.4 (68.4%) Net trading result 2.7 1.5 78.5% General ad
Slide 62: Presentation topics
Presentation topics ERSTE GROUP Summary and Q1 2009 highlights Q1 2009 key topics Q1 2009 financials and segment reporting Appendix Asset portfolio (details) Asset quality (details) CEE local statements Quarterly results Key ratios and shareholder structure Q1 09 results Analyst presentation & confe
Slide 63: Erste Group historic financials – Quarterly income statement (IFRS)
Erste Group historic financials – Quarterly income statement (IFRS) ERSTE GROUP in EUR million Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Net interest income 953.8 986.6 1,101.7 1,151.1 1,154.9 1,267.3 1,339.8 1,226.0 Net fee and commission income 446.0 469.3 503.7 491.9 510.3 486.8 482.1 444.6
Slide 64: Erste Group historic financials – Quarterly balance sheet (IFRS)
Erste Group historic financials – Quarterly balance sheet (IFRS) ERSTE GROUP in EUR million Jun 07 Sep 07 Dec 07 Mar 08 Jun 08 Sep 08 Dec 08 Mar 09 Cash and balances with central banks 6,753 7,311 7,615 7,783 6,854 7,692 7,556 5,897 Loans and advances to credit institutions 21,405 21,261 14,937 15,9
Slide 65: 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 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Net interest income 1,014.4 1,020.4 1,108.4 1,171.9 1,070.0 106.5 110.3 113.0 130.8 136.6 Risk provisions (
Slide 66: Quarterly segment reporting – Austria sub-segments
Quarterly segment reporting – Austria sub-segments ERSTE GROUP in EUR million Erste Bank Oesterreich Savings Banks Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Net interest income 147.6 143.6 154.3 171.8 156.4 258.0 203.0 241.8 271.4 239.2 Risk provisions (24.8) (25.2) (23.6) (18.8) (
Slide 67: 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 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Net interest income 249.0 262.6 282.5 298.6 264.6 166.6 190.1 185.8 199.1 193.2 Risk provisions (21.9) (27.0) (29.4)
Slide 68: Quarterly segment reporting – CEE sub-segments (2)
Quarterly segment reporting – Central and Eastern Europe sub-segments (2) ERSTE GROUP in EUR million Croatia Serbia Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Net interest income 43.4 48.4 52.4 49.4 47.6 6.0 8.7 9.5 9.3 7.7 Risk provisions (4.1) (6.4) (5.3) (8.8) (8.1) (2.1) (0.8) (
Slide 69: Presentation topics
Presentation topics ERSTE GROUP Summary and Q1 2009 highlights Q1 2009 key topics Q1 2009 financials and segment reporting Appendix Asset portfolio (details) Asset quality (details) CEE local statements Quarterly results Key ratios and shareholder structure Q1 09 results Analyst presentation & confe
Slide 70: 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 2008 Mar 09 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 7,448 8,235 Total own funds p
Slide 71: Shareholder structure – Total number of shares: 317,012,763
Shareholder structure – Total number of shares: 317,012,763 ERSTE GROUP By investor By region Austria Verein Others 5.0% Continental 2.5% Europe 14.6% 31.1% UK & Ireland 12.0% Institutional investors Austria 44.2% 56.5% Employees 3.7% North America Savings banks 14.4% 9.3% Private investors 6.7% Q1
Slide 72: 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 (0)5