Erste Group Bank Ag · VIE:EBS
Erste Group Bank — Q1 2011 Earnings Presentation
81 slides from Erste Group Bank's earnings presentation, Apr 28, 2011
Slide 1: Erste Group – Q1 2011 results presentation
Erste Group – Q1 2011 results presentation 28 April 2011, Vienna Net profit advances due to decline in risk costs and despite negative impact from banking taxes Andreas Treichl, Chief Executive Officer Manfred Wimmer, Chief Financial Officer Bernhard Spalt, Chief Risk Officer
Slide 2: Disclaimer – Cautionary note regarding forward-looking statements
Disclaimer – Cautionary note regarding forward-looking statements − 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 OR CORREC
Slide 3: Q1 2011 executive summary
Q1 2011 executive summary – Net profit advances despite banking tax in AT and HU − Operating performance satisfactory – cost/income ratio in Q1 11: 50.2% (Q1 10: 49.2%) − Net interest income down by 2.1% to EUR 1,295.7m on lower net interest margin (Q1 11: 2.88%, Q1 10: 3.03%) − Net commission incom
Slide 4: Presentation topics
Presentation topics * − Business snapshot and operating environment − Q1 2011 financial highlights − Q1 2011 key topics − Q1 2011 financials and segment reporting − Appendix *) The following tables and texts may contain rounding differences. 28 April 2011 Conference Call Vienna 4 Q1 2011 Results
Slide 5: Erste Group's business – Retail market leadership in the eastern part of the EU
Erste Group’s business – Retail market leadership in the eastern part of the EU − Focus on the eastern part of the European Union − Erste Group is the leading retail bank − Erste Group is one of the leading corporate banks − Erste Group is the leading bookrunner for CEE bonds − Erste Group is the le
Slide 6: Operating environment: macro trends
Operating environment: macro trends – What happened in CEE in Q1 2011? − Industrial output is still driving economic expansion Development of CDS in selected countries − Positive trends in manufacturing pushed by exports 800 − Leading indicators and new orders point to sustainable trend 600 − Unempl
Slide 7: Operating environment: macro outlook
Operating environment: macro outlook – All CEE economies to achieve positive GDP growth − All CEE countries expected to grow in 2011 Real GDP growth in CEE − CEE to experience different growth patterns in line with 8 level of export dependency and country-specific issues 6 4.0 4.0 2.7 4 2.5 2.2 2.0
Slide 8: Operating environment: drilldown – Romania
Operating environment: drilldown – Romania Strong industrial output & CA deficit at historic low − Strong growth in industrial output and Industry and new orders % yoy encouraging new orders 15 45 − Construction works increased by 0.3% yoy in February 10 30 − Exports up 28% yoy, surpassing the pre-c
Slide 9: Operating environment: drilldown – Hungary
Operating environment: drilldown – Hungary Public finances on a sustainable long-term path − Hungary set to post budget surplus in 2011 Budget balance and public debt − Pension fund reform (HUF 2,600bn) to reduce debt stock 90% 10% and lower interest burden 85% − Other “one-offs” include financial s
Slide 10: Presentation topics
Presentation topics − Business snapshot and operating environment − Q1 2011 financial highlights − Q1 2011 key topics − Q1 2011 financials and segment reporting − Appendix 28 April 2011 Conference Call Vienna 10 Q1 2011 Results
Slide 11: Q1 2011 financial highlights – Net profit growth and steady cost/income ratio
Q1 2011 financial highlights – Net profit growth and steady cost/income ratio − Net profit grew by 2.1% yoy to EUR 260.6m Cash earnings per share * − Increased cash-EPS but slightly reduced cash-ROE due to strengthened capital base 1.2 1.04 − NIM on interest bearing assets down to 2.88% 1.00 1.0 in
Slide 12: Q1 2011 financial highlights – Operating expenses increased below inflation rate
Q1 2011 financial highlights – Operating expenses increased below inflation rate Operating income per quarter Operating expenses per quarter 2,500 1,200 2,010 953 945 973 945 963 1,936 1,954 1,905 1,917 1,000 2,000 141 99 144 72 94 97 95 102 95 in EUR million in EUR million 140 494 476 495 800 1,500
Slide 13: Q1 2011 financial highlights – Operating result continued to perform well
Q1 2011 financial highlights – Operating result continued to perform well in EUR million 1-3 11 1-3 10 Change Q4 10 Retail & SME 763.4 738.5 3.4% 799.4 Austria 199.6 200.0 (0.2%) 223.6 EB Oesterreich 88.3 95.0 (7.0%) 103.7 Savings banks 111.3 105.0 5.9% 119.8 CEE 563.7 538.4 4.7% 575.8 Czech Republi
Slide 14: Presentation topics
Presentation topics − Business snapshot and operating environment − Q1 2011 financial highlights − Q1 2011 key topics − Q1 2011 financials and segment reporting − Appendix 28 April 2011 Conference Call Vienna 14 Q1 2011 Results
Slide 15: Customer deposit review
Customer deposit review – Deposit growth continued to outpace loan growth − Customer deposits grew by 1.9% ytd (+3.1% yoy) Customer deposit trends by main segments − Driven primarily by inflows in the Czech Republic on the back of retail and public sector deposit inflows 119.2 125 115.6 116.6 115.3
Slide 16: Loan book review
Loan book review – Improved economy has not yet resulted in loan growth − Customer loans increased by 0.1% ytd, up 2.0% yoy − Currency-related decreases in Austria and Hungary were offset Customer loans by main segments * by new business in Czech Republic and Slovakia − GCIB loan book grew by 0.7% y
Slide 17: Asset quality review – Group trends
Asset quality review – Group trends: positive migration trends continued − New NPL formation decreased yoy Erste Group: NPL ratio vs NPL coverage − New NPLs mainly in the local corporate segment in CEE and in secured real estate business − New NPL formation equaled EUR 242m in Q1 11 30% 65% − Even a
Slide 18: Asset quality review – Segment round-up
Asset quality review – Segment round-up: NPL coverage up in all segments − Retail & SME/Austria: reduced NPL ratio and NPL ratios in key segments improving NPL coverage ratio − Decrease in non-performing and substandard 20% 18.3% category as well as increase in low risk category continued 15% 13.5%
Slide 19: Asset quality review – Segment round-up cont'd
Asset quality review – Segment round-up cont'd: risk cost further down − Slovakia: improvement across the portfolio Risk costs in key segments − Continuously improving migration trends − NPL ratio decreased due to loans exiting NPL status 700 − Steady decrease in risk costs in all portfolios 600 531
Slide 20: Erste Group's funding profile
Erste Group’s funding profile – Retail deposits remained a key pillar in the funding mix − Customer deposits remained the primary source of funding Evolution of Erste Group's funding mix − Providing a solid funding base in all local currencies − Reflected in loan/deposit ratio improvement to 111.4%
Slide 21: Erste Group's capital position – Net profit drives capital growth
Erste Group’s capital position – Net profit drives capital growth − Total equity (IFRS) increased by EUR 506m (+3.0%) year-to-date mainly based Total capital reconciliation on: 20 − Increased net profit 0.2 17.6 18 17.1 0.3 0.1 − Positive effects from FX movements in EUR billion (0.1) (0.1) 16 3.5 3
Slide 22: Erste Group's capital position – Continuing improvement of capital ratios
Erste Group’s capital position – Continuing improvement of capital ratios Tier 1 ratio Core tier 1 ratio Core tier 1 ratio excl. (total risk)1 (total risk)2 participation capital (total risk)2 10.2% 10.4% 9.2% 9.2% 9.4% 8.3% 8.0% 7.7% 6.9% 2009 2010 Q1 011 2009 2010 Q1 11 2009 2010 Q1 11 1) Tier 1 r
Slide 23: Conclusion – Outlook
Conclusion – Outlook − CEE economies set to continue economic recovery in 2011 − All of Erste Group’s CEE markets are expected to grow in 2011: CZ, SK, AT to lead the way − Romania’s strong industrial growth and leading indicators confirm positive GDP growth outlook − Hungary on track to deliver on
Slide 24: Presentation topics
Presentation topics − Business snapshot and operating environment − 2010 financial highlights − 2010 key topics − 2010 financials and segment reporting − Appendix 28 April 2011 Conference Call Vienna 24 Q1 2011 Results
Slide 25: Group income statement (IFRS)
Group income statement (IFRS) – Solid fee income and decline of risk costs in EUR million 1-3 11 1-3 10 Change Q1 11 Q4 10 Q1 10 Net interest income 1,295.7 1,323.6 (2.1%) 1,295.7 1,337.0 1,323.6 Risk provisions for loans and advances (460.1) (531.2) (13.4%) (460.1) (442.8) (531.2) Net fee and commi
Slide 26: Group balance sheet (IFRS) – assets
Group balance sheet (IFRS) – BS growth driven by FI business and financial assets in EUR million Mar 11 Dec 10 Change Cash and balances with central banks 5,043 5,839 (13.6%) Loans and advances to credit institutions 16,471 12,496 31.8% Loans and advances to customers 132,825 132,729 0.1% Risk provi
Slide 27: Group balance sheet (IFRS) – Loan-to-deposit ratio improved
Group balance sheet (IFRS) – Loan-to-deposit ratio improved further to 111.4% in EUR million Mar 11 Dec 10 Change Deposits by banks 24,311 20,154 20.6% Customer deposits 119,198 117,016 1.9% Debt securities in issue 33,536 31,298 7.2% Derivative financial instruments 6,497 7,996 (18.7%) Trading liab
Slide 28: Segment review – Core segments
Segment review – Core segments Retail & SME GCIB Group Markets Corporate Center Total group in EUR million 1-3 11 1-3 10 1-3 11 1-3 10 1-3 11 1-3 10 1-3 11 1-3 10 1-3 11 1-3 10 Net interest income 1,128.9 1,129.1 127.6 147.6 24.6 31.4 14.6 15.4 1,295.7 1,323.6 Risk provisions (404.2) (451.6) (55.9)
Slide 29: Core segment – Austria
Core segment – Austria Main profit contribution from Erste Bank Oesterreich Savings Banks EB Oesterreich Austria in EUR million 1-3 11 1-3 10 1-3 11 1-3 10 1-3 11 1-3 10 Net interest income 229.8 230.5 150.3 158.9 380.0 389.4 Risk provisions (62.1) (65.3) (35.0) (44.8) (97.1) (110.1) Net fee and com
Slide 30: Core segment Central and Eastern Europe (1)
Core segment Central and Eastern Europe (1) – Diverging trends in operating performance … Czech Republic Romania Slovakia Hungary in EUR million 1-3 11 1-3 10 1-3 11 1-3 10 1-3 11 1-3 10 1-3 11 1-3 10 Net interest income 284.4 264.5 186.0 213.1 109.3 103.5 93.0 88.9 Risk provisions (70.9) (97.2) (10
Slide 31: Core segment Central and Eastern Europe (2)
Core segment Central and Eastern Europe (2) – … and risk cost levels intensified in Q1 2011 Croatia Serbia Ukraine CEE in EUR million 1-3 11 1-3 10 1-3 11 1-3 10 1-3 11 1-3 10 1-3 11 1-3 10 Net interest income 61.3 56.1 8.6 6.1 6.3 7.5 748.9 739.8 Risk provisions (23.2) (25.3) (2.0) (2.2) (3.5) (5.4
Slide 32: Segment Retail & SME
Segment Retail & SME – Strong operating performance and improved risk costs − Operating result grew by 3.4% yoy based on increased fee income and continued cost control Segment operating performance − Operating income improved by 2.1% yoy 2,000 1,558 1,641 1,638 1,606 1,591 − Supported by fee (+6.9%
Slide 33: Segment Retail & SME – Loan book analysis
Segment Retail & SME – Loan book analysis Segment Retail & SME - Segment Retail & SME - Customer loans by Basel II customer segment Customer loans by currency 120 110.0 111.5 112.5 113.3 113.3 100% 2.3% 2.3% 2.2% 2.2% 2.0% 5.7 5.9 5.9 6.4 6.6 14.4% 15.0% 14.6% 15.1% 14.3% 90 80% in EUR billion 42.9
Slide 34: Segment GCIB
Segment GCIB – Reduction of non-core business and decline in risk costs − Operating result declined to EUR 129.1m by 11.2% yoy Segment operating performance − NII decreased 13.6% yoy on planned reduction of international business and lower margin in real estate business 250 − Fee income up by 11.9%
Slide 35: Segment GCIB – Loan book analysis
Segment GCIB – Loan book analysis Segment GCIB - Segment GCIB - Customer loans by currency Customer loans by Basel II customer segment 30 100% 4.6% 1.3% 4.1% 1.2% 4.0% 1.2% 3.9% 1.3% 3.7% 1.2% 5.7% 5.3% 5.9% 4.9% 5.5% 13.4% 14.1% 11.8% 11.5% 10.2% 80% 19.6 in EUR billion 19.0 18.4 18.7 18.9 20 1.2 1
Slide 36: Segment Group Markets
Segment Group Markets – Another quarter of valuable contribution to net profit − Operating result was down by 17.6% to EUR 94.7m Segment operating performance − Revenues contracted by 8.9% yoy mainly on reduced NII − Declining contribution from money market activities impacted 200 172 156 NII, which
Slide 37: Segment Corporate Center
Segment Corporate Center – Banking tax negatively affected CC performance − What is in the Corporate Center? Segment operating performance − Business areas which cannot be allocated to relevant business lines, one-offs and Group ALM 34 40 30 18 − Line-item analysis 20 10 in EUR million − NII of EUR
Slide 38: Retail & SME: Austria/EB Oesterreich
Retail & SME: Austria/EB Oesterreich – Stable net profit on reduced risk − Operating result was EUR 88.3m, down by 7.0% yoy Segment operating performance − NII decreased by 5.4% to EUR 150.3m due to lower contribution from subsidiaries; mainly driven by extending the refinancing maturity profile 300
Slide 39: Retail & SME: Austria/EB Oesterreich – Loan book analysis
Retail & SME: Austria/EB Oesterreich – Loan book analysis Segment EB Oesterreich - Segment EB Oesterreich - Customer loans by Basel II customer segment Customer loans by currency 30 26.4 26.8 26.9 27.4 27.1 100% 1.9% 2.1% 2.0% 2.0% 1.8% 1.4 1.5 1.7 1.7 15.3% 15.8% 15.5% 16.0% 15.4% 1.4 80% in EUR bi
Slide 40: Retail & SME: Austria/Savings banks
Retail & SME: Austria/Savings banks – Asset quality improved further in Q1 11 − Operating result up by 5.9% from EUR 105.0m in Q1 10 Segment operating performance to EUR 111.3m in Q1 11 − NII slightly decreased by 0.3% yoy (+0.4% qoq) − Fee income increased by 8.3% yoy on higher fees from strong 400
Slide 41: Retail & SME: Austria/Savings banks – Loan book analysis
Retail & SME: Austria/Savings banks – Loan book analysis Segment Savings Banks - Segment Savings banks - Customer loans by Basel II customer segment Customer loans by currency 40 36.1 36.7 36.9 37.3 37.0 100% 3.3% 3.3% 3.4% 3.3% 3.2% 1.6 1.7 1.7 1.6 1.7 19.2% 19.3% 19.8% 19.5% 20.2% 80% 30 in EUR bi
Slide 42: Retail & SME: Czech Republic
Retail & SME: Czech Republic – Strong performance continued & risk costs trended down − Operating result improved by 13.6% (+6.3% FX- adjusted)1 yoy to EUR 239.6m Segment operating performance − NII up by 7.5% yoy (0.7%), mainly driven by FX-effect 500 424 419 425 − Fee income performed strongly, up
Slide 43: Retail & SME: Czech Republic – Loan book analysis
Retail & SME: Czech Republic – Loan book analysis Segment Czech Republic - Segment Czech Republic - Customer loans by Basel II customer segment Customer loans by currency 20 17.9 17.5 18.0 100% 17.3 17.1 0.1% 3.4% 0.1% 3.5% 0.2% 3.5% 0.2% 3.9% 0.2% 3.3% 0.7 0.7 0.8 0.7 0.7 16 80% 5.4 in EUR billion
Slide 44: Retail & SME: Romania
Retail & SME: Romania – Operating performance improved qoq – from very low level − Operating result decreased by 16.0% yoy (-14.2% FX- Segment operating performance adjusted)1, but was up by 9.5% qoq − NII down 12.7% (-10.9%) yoy, impacted by lower risk product 275 300 mix and margin pressure on ret
Slide 45: Retail & SME: Romania – Loan book analysis
Retail & SME: Romania – Loan book analysis Segment Romania - Segment Romania - Customer loans by currency Customer loans by Basel II customer segment 15 100% 2.2% 2.0% 1.8% 1.6% 1.4% 11.4 11.2 11.2 11.2 11.3 12 80% in EUR billion 1.3 1.2 1.4 1.5 1.5 56.4% 59.2% 59.5% 60.6% 60.1% 9 60% 4.3 4.2 4.3 4.
Slide 46: Retail & SME: Slovakia
Retail & SME: Slovakia – Another strong operating quarter & NPLs trending down − Operating result up by 16.0% yoy to EUR 82.7m − NII up 5.6% yoy to EUR 109.3m on growth in retail mortgage Segment operating performance business − Fees increased a solid 15.0% yoy due to increased client 200 activity (
Slide 47: Retail & SME: Slovakia – Loan book analysis
Retail & SME: Slovakia – Loan book analysis Segment Slovakia - Segment Slovakia - Customer loans by Basel II customer segment Customer loans by currency 8 100% 0.4% 0.4% 0.4% 0.4% 0.4% 5.5 5.6 5.7 5.7 5.8 80% 6 in EUR billion 0.1 0.1 0.1 0.1 0.1 1.5 1.5 1.4 1.4 1.5 60% 4 0.3 0.3 0.3 0.3 99.6% 99.6%
Slide 48: Retail & SME: Hungary
Retail & SME: Hungary – Net profit negatively impacted by banking tax, risk costs − Operating result increased by 1.8% yoy (+3.0% FX- adjusted)1 to EUR 69.9m Segment operating performance − NII up 4.6% yoy (+5.8%), on the back of improved margin on 137 retail deposits as well as FX effects 150 119 1
Slide 49: Retail & SME: Hungary – Loan book analysis
Retail & SME: Hungary – Loan book analysis Segment Hungary - Segment Hungary - Customer loans by currency Customer loans by Basel II customer segment 10 100% 0.4% 0.5% 0.2% 0.2% 0.3% 7.8 21.7% 23.2% 22.0% 20.8% 20.7% 7.4 7.6 7.6 7.6 8 0.4 0.4 0.4 80% 0.4 0.4 in EUR billion 6 2.3 2.3 2.3 2.3 2.3 60%
Slide 50: Retail & SME: Croatia
Retail & SME: Croatia – Risk costs down and operating performance up − Operating result increased by 12.7% yoy (+14.5% FX- adjusted)1 to EUR 46.0m in Q1 11 Segment operating performance − NII up by 9.3% (+11.0%) on improved margins in both retail and 100 83 87 86 82 corporate businesses 75 − Fees do
Slide 51: Retail & SME: Croatia – Loan book analysis
Retail & SME: Croatia – Loan book analysis Segment Croatia - Segment Croatia - Customer loans by currency Customer loans by Basel II customer segment 6 5.4 5.3 5.5 5.6 100% 0.2% 0.1% 0.1% 0.2% 0.2% 0.4 0.5 15.6% 15.6% 15.3% 15.4% 14.1% 4.7 0.4 0.3 0.3 80% in EUR billion 4 2.4 2.3 2.4 2.4 1.9 60% 59.
Slide 52: Retail & SME: Serbia
Retail & SME: Serbia – Performance improved in a still challenging environment − Operating result up to EUR 3.0m from EUR 1.3m (>100% FX-adjusted)1 Segment operating performance − NII increased from EUR 6.1m to EUR 8.6m, or 41.2% (+48.9%), on higher volume and improved margins 15 11 12 11 9 10 − Fee
Slide 53: Retail & SME: Serbia – Loan book analysis
Retail & SME: Serbia – Loan book analysis Segment Serbia - Segment Serbia - Customer loans by currency Customer loans by Basel II customer segment 600 100% 0.9% 1.3% 1.1% 1.1% 1.0% 517.0 3.3% 4.7% 4.3% 4.4% 4.1% 8.9 417.0 431.3 436.0 80% 391.5 in EUR million 2.3 2.2 2.3 400 5.7 60% 63.9% 67.8% 67.3%
Slide 54: Retail & SME: Ukraine
Retail & SME: Ukraine – Rightsizing on track – operating and net result improved − Operating result improved by EUR 0.4m to EUR -0.5m Segment operating performance (Q1 2010: EUR -0.9m) (+48.8% FX-adjusted)1 − NII down by 15.9% (-17.5% FX adjusted) yoy on reduced loan volume 20 14 14 − Net fee income
Slide 55: Retail & SME: Ukraine – Loan book analysis
Retail & SME: Ukraine – Loan book analysis Segment Ukraine - Segment Ukraine - Customer loans by currency Customer loans by Basel II customer segment 800 100% 1.6% 1.4% 1.5% 1.3% 1.4% 600 544.8 560.5 80% in EUR million 0.0 0.0 72.9 492.3 486.3 69.1 0.0 0.0 443.7 124.4 64.3 71.8 0.0 60% 87.2% 86.2% 8
Slide 56: Presentation topics
Presentation topics − Business snapshot and operating environment − Q1 2011 financial highlights − Q1 2011 key topics − Q1 2011 financials and segment reporting − Appendix − Asset quality (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 28 April 2011 Confer
Slide 57: Asset quality analysis – Key definitions
Asset quality analysis – Key definitions − Key asset quality indicators are based Risk category Agency ratings on on-balance sheet customer loans Low risk AAA to BB / Aaa to Ba − Reported NPL and NPL coverage ratios Management attention B exclude collateral Substandard CCC to C / − Broad NPL definit
Slide 58: Erste Group's asset quality – Loan book overview
Erste Group’s asset quality – Loan book overview Customer loans by Basel II customer segments Customer loans by industries 150 132.7 132.8 130.3 131.0 131.5 4.0% 5.5% 7.0 7.1 7.2 7.6 7.7 3.1% 120 2.9% 5.3% 38.8% in EUR billion 60.7 60.3 60.1 60.6 61.0 90 4.8% 60 13.5 13.7 13.6 13.5 13.4 5.3% 30 49.1
Slide 59: Asset quality analysis – Loan book by segments
Asset quality analysis – Loan book by segments Low risk Mgmt attention Substandard Non-performing Total loan book Risk provisions NPL coverage NPL ratio Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Retail & SME 81,890 81,200 17,228 1
Slide 60: Asset quality analysis – Loan book by region
Asset quality analysis – Loan book by region (country of origination) Low risk Mgmt attention Substandard Non-performing Total loan book in EUR million Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Share of total Share of total Core market 88,083 86,949 20,106 20,782 5,630 5,
Slide 61: Asset quality analysis – Loan book by industry sectors
Asset quality analysis – Loan book by industry sectors Low risk Mgmt attention Substandard Non-performing Total loan book in EUR million Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Mar 11 Dec 10 Share of total Share of total Agriculture and forestry 999 970 624 626 126 138 201 211 1,951
Slide 62: Asset quality analysis – Financial assets
Asset quality analysis – Financial assets Financial assets by country of origination Financial assets by currency (31 Mar 2011: EUR 37.1 bn) (31 Mar 2010: EUR 37.1 bn) 5.7% 3.0% 17.3% 24.3% 6.7% 3.5% 2.7% 6.2% 7.2% 18.5% 60.0% 18.2% 7.0% 9.5% 5.0% 5.3% AT CZ SK US DE HU RO IT GB Other EUR CZK USD HU
Slide 63: Presentation topics
Presentation topics − Business snapshot and operating environment − Q1 2011 financial highlights − Q1 2011 key topics − Q1 2011 financials and segment reporting − Appendix − Asset quality (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 28 April 2011 Confer
Slide 64: Key local entity data – Ceska sporitelna
Key local entity data (IFRS, consolidated) – Ceska sporitelna Key figures and ratios 1-3 11 1-3 10 Rate and margin environment Cost/income ratio 41.6% 42.1% Return on equity 21.0% 19.3% 80% 8% 68.1% 65.7% 68.7% 68.6% 66.5% Mar 11 Dec 10 Change Erste Group stake 97.99% Solvency ratio 13.9% 13.9% 60%
Slide 65: Key local entity data – BCR
Key local entity data (IFRS, consolidated) – BCR Key figures and ratios 1-3 11 1-3 10 Rate and margin environment Cost/income ratio 42.3% 34.7% 145.6% 145.5% 145.1% Return on equity 4.3% 13.9% 150% 138.1% 137.4% 15% Mar 11 Dec 10 Change Erste Group stake 69.17% 12% Solvency ratio 12.1% 12.8% 100% 7.
Slide 66: Key local entity data – Slovenska sporitelna
Key local entity data (IFRS, consolidated) – Slovenska sporitelna Key figures and ratios 1-3 11 1-3 10 Rate and margin environment Cost/income ratio 38.9% 43.5% Return on equity 21.3% 14.9% 100% 8% Mar 11 Dec 10 Change 76.5% 78.0% 76.0% 74.5% 75.5% Erste Group stake 100.0% 80% Solvency ratio 13.2% 1
Slide 67: Key local entity data – Erste Bank Hungary
Key local entity data (IFRS, consolidated) – Erste Bank Hungary Key figures and ratios 1-3 11 1-3 10 Rate and margin environment Cost/income ratio 40.7% 40.6% Return on equity n.a. 9.8% 270% 12% Mar 11 Dec 10 Change 192.3% 203.4% 203.1% 10% Erste Group stake 99.94% 171.0% 177.6% Solvency ratio 13.0%
Slide 68: Key local entity data – Erste Bank Croatia
Key local entity data (IFRS, consolidated) – Erste Bank Croatia Key figures and ratios 1-3 11 1-3 10 Rate and margin environment Cost/income ratio 39.6% 41.2% Return on equity 9.1% 8.7% 150% 131.3% 12% Mar 11 Dec 10 Change 117.0% 121.6% 120.3% 123.2% Erste Group stake 69.25% 120% Solvency ratio 15.1
Slide 69: Key local entity data – Erste Bank Serbia
Key local entity data (IFRS, consolidated) – Erste Bank Serbia Key figures and ratios 1-3 11 1-3 10 Rate and margin environment Cost/income ratio 68.3% 80.7% Return on equity 5.1% 0.0% 120% 20% Mar 11 Dec 10 Change 95.8% 96.1% 93.6% 94.8% 99.2% Erste Group stake 80.49% 100% Solvency ratio 18.4% 17.5
Slide 70: Key local entity data – Erste Bank Ukraine
Key local entity data (IFRS, consolidated) – Erste Bank Ukraine Key figures and ratios 1-3 11 1-3 10 Rate and margin environment Cost/income ratio 81.5% 78.9% Return on equity 4.1% na 600% 523.6% 10.8% 12% Mar 11 Dec 10 Change 477.2% Erste Group stake 100.0% 500% 10% 8.2% 405.1% Solvency ratio 23.5%
Slide 71: Presentation topics
Presentation topics − Business snapshot and operating environment − Q1 2011 financial highlights − Q1 2011 key topics − Q1 2011 financials and segment reporting − Appendix − Asset quality (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 28 April 2011 Confer
Slide 72: Erste Group historic financials – Quarterly income statement
Erste Group historic financials – Quarterly income statement (IFRS) in EUR million Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Net interest income 1,226.0 1,279.3 1,335.6 1,380.0 1,323.6 1,361.2 1,390.7 1,337.0 1,295.7 Net fee and commission income 444.6 443.6 425.1 459.5 471.5 493.5 475.7
Slide 73: Erste Group historic financials – Quarterly balance sheet
Erste Group historic financials – Quarterly balance sheet (IFRS) in EUR million Jun 08 Sep 08 Dez 08 Mar 09 Jun 09 Sep 09 Dec 09 Mar 10 Jun 10 Sep 10 Dec 10 Mar 11 Cash and balances with central banks 6,854 7,692 7,556 5,897 6,897 5,458 5,996 5,965 6,540 5,030 5,839 5,043 Loans and advances to credi
Slide 74: Quarterly segment reporting – Overview of main segments
Quarterly segment reporting – Overview of main segments in EUR million Retail & SME Group Corporate & Investment Banking Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Net interest income 1,129.1 1,161.3 1,169.4 1,134.0 1,128.9 147.6 145.4 152.5 128.7 127.6 Risk provisions (451.6) (451.
Slide 75: Quarterly segment reporting – Austria sub-segments
Quarterly segment reporting – Austria sub-segments in EUR million Erste Bank Oesterreich Savings Banks Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Net interest income 158.9 160.4 162.4 162.6 150.3 230.5 246.8 235.2 228.9 229.8 Risk provisions (44.8) (42.9) (36.5) (24.1) (35.0) (65.3)
Slide 76: Quarterly segment reporting – CEE sub-segments (1)
Quarterly segment reporting – Central and Eastern Europe sub-segments (1) in EUR million Czech Republic Romania Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Net interest income 264.5 271.6 274.7 276.4 284.4 213.1 202.0 206.6 176.8 186.0 Risk provisions (97.2) (90.9) (96.0) (81.8) (70.
Slide 77: Quarterly segment reporting – CEE sub-segments (2)
Quarterly segment reporting – Central and Eastern Europe sub-segments (2) in EUR million Croatia Serbia Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Net interest income 56.1 61.5 65.2 65.1 61.3 6.1 6.4 7.6 7.5 8.6 Risk provisions (25.3) (23.2) (30.3) (27.1) (23.2) (2.2) (2.5) (2.0) (1
Slide 78: Presentation topics
Presentation topics − Business snapshot and operating environment − Q1 2011 financial highlights − Q1 2011 key topics − Q1 2011 financials and segment reporting − Appendix − Asset quality (details) − CEE local statements − Quarterly results − Key ratios and shareholder structure 28 April 2011 Confer
Slide 79: Group statistical data – Tier and solvency ratios within target ranges
Group statistical data* – Tier 1 and solvency ratios within target ranges in EUR million 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Mar 11 Tier 1 Capital pursuant to Austrian Banking Act 2,125 2,337 3,800 3,912 4,377 5,112 6,185 6,674 7,448 11,450 12,219 12,474 Total own funds pursuant t
Slide 80: Shareholder structure
Shareholder structure – Total number of shares: 378,176,721 By investor By region Criteria CaixaCorp 10.1% Other Continental 2.3% 25.3% Europe 20.5% Austria Employees 47.4% 2.3% UK & Ireland Savings banks 9.0% 4.2% Institutional Retail investors investors 6.6% 51.5% North America 20.8% Free float: 6
Slide 81: Investor relations contacts
Investor relations contacts − 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 Thomas Sommerauer Tel: +43 (0)5 0100