Mbank Sa · GPW:MBK
Mbank Sa — BRE Bank — FY2009 Earnings Presentation
71 slides from Mbank Sa's earnings presentation, Feb 9, 2010
Slide 1: Results of BRE Bank Group Q1-4 2009
Results of BRE Bank Group Q1-4 2009 Better Bank geared for profitable growth Management Board of BRE Bank Presentation for Investors and Analysts 09 February 2010 1
Slide 2: Agenda
Agenda Summary of Q4/09 Analysis of Q4/09 results BRE Bank Group in 2009 Summary of BREnova Program Appendix Detailed Results of Business Lines Q1-4/09 Additional Information: Selected Financial Data Data for 2009 and Q4/09 shown in the presentation non audited 2
Slide 3: Agenda
Agenda Summary of Q4/09 Analysis of Q4/09 results BRE Bank Group in 2009 Summary of BREnova Program Appendix Detailed Results of Business Lines Q1-4/09 Additional Information: Selected Financial Data 3
Slide 4: Highlights of Q4/09 in BRE Bank Group
Highlights of Q4/09 in BRE Bank Group 1 High level of income with resilient core revenues 2 Business expansion: ca. 140 K of new retail clients in Q4 3 Lower level of loan loss provisions Higher costs due to extraordinary one-offs 4 and seasonal effects characteristic for Q4 4
Slide 5: Summary of Q4/09 in BRE Bank Group
Summary of Q4/09 in BRE Bank Group Profitability of Business Profit before tax Q4/09 PLN 81.9 M Profit before tax 2009 PLN 209.4 M ROE before tax 2009 5.1% Cost/Income (C/I) 2009 54.2% Capital adequacy ratio 2009 11.50% 5
Slide 6: Profitability of the Business Lines
Summary of Q4/09 in BRE Bank Group Profitability of the Business Lines Quarterly Result before Tax by Business Line Corporates & Financial Markets Retail Banking PLN M Corporates and Institutions Trading and Investment Activity -/+ -37.7% -89.0% -31.2% Additional 8.0 marketing costs 60.9 47.8 72.7 N
Slide 7: Development of Loans to Clients
Summary of Q4/09 in BRE Bank Group Development of Loans to Clients Development of Gross Loans Structure of Gross Loans Portfolio (PLN B) as at 12/09 0.0% BRE - Individual clients 51.9% BRE - others +0.7 1.5% -0.0 -0.7 BBH -0.1% -2.7% +53.1% BRE Bank 7.6% 54.4 QoQ QoQ QoQ 54.4 Factoring 81.5% compani
Slide 8: Development of Deposit Base
Summary of Q4/09 in BRE Bank Group Development of Deposit Base Development of Deposits Structure of Amounts Due to Clients (PLN B) as at 12/09 +8.5% BRE - Individual clients 56.5% +1.9 +1.7 Factoring companies -0.3 0.3% +8.5% +10.5% -53.4% BRE Bank BBH 0.6% QoQ QoQ QoQ 42.8 97.7% DI BRE 39.4 1.4% BR
Slide 9: Business Development: Retail Banking
Summary of Q4/09 in BRE Bank Group Business Development: Retail Banking Increase in interest income Revenue Net Interest Income* Net Commission Income driven by: (before costs excl. LLP, (PLN M) (PLN M) PLN M) - Changes in loan structure: higher share of more profitable products -10.8% +1.9% -31.0
Slide 10: Business Development: Corporates & Institutions
Summary of Q4/09 in BRE Bank Group Business Development: Corporates & Institutions Core revenues up by 3.7% QoQ; Revenue Net Interest Income* Net Commission Income (before costs excl. LLP, (PLN M) (PLN M) increase topped by PLN M) PLN 96.2 M dividend income +37.8% +0.5% +4.4% Sustainable attract
Slide 11: Agenda
Agenda Summary of Q4/09 Analysis of Q4/09 results BRE Bank Group in 2009 Summary of BREnova Program Appendix Detailed Results of Business Lines Q1-4/09 Additional Information: Selected Financial Data 11
Slide 12: Key Financials
Analysis of the Results, Q4/09 Key Financials (PLN M) Q4/09 Q3/09 Change QoQ 1/ Total income 739.8 724.1 +2.2% Total cost (458.4) (364.1) +25.9% 2/ Operating profit 281.4 360.1 -21.8% Net provisions (199.5) (248.8) -19.8% Profit before tax 81.9 111.3 -26.4% 3/ Net profit 40.8 72.5 -43.7% Total asset
Slide 13: Income of BRE Bank Group
Analysis of the Results, Q4/09 Income of BRE Bank Group BRE Bank Group Income* QoQ & YoY Structure** of BRE Bank Group Income (PLN M) by Business Line, Q4/09 +2.2% +1.3% -6.6% x5346 -16.8% +/- +/- QoQ QoQ QoQ QoQ QoQ QoQ Trading and Corporates and Investment 82.9 -4.0 -4.8 Institutions; Activity; 96
Slide 14: Costs of BRE Bank Group in Q4/09
Analysis of the Results, Q4/09 Costs of BRE Bank Group in Q4/09 Overhead Costs + Depreciation of BRE Bank Group QoQ & YoY Cost Structure by Business Line (PLN M) in Q4/09 +25.9% +17.0% +33.2% +39.0% -8.4% Trading and Retail QoQ QoQ QoQ QoQ Investment Banking; PLN 12.2 Activity; 212 M; 82.3 PLN 15 M;
Slide 15: Structure of Loan Loss Provisions in Q4/09
Analysis of the Results, Q4/09 Structure of Loan Loss Provisions in Q4/09 Significantly lower level of LLP in Q4/09 as a result of stabilising situation in both corporate and retail Factors influencing Q4/09 level of LLP: BRE Bank Group’s Impairment Losses on Loans and Advances - Net release of pr
Slide 16: Capital Adequacy Ratio in Q4/09
Analysis of the Results, Q4/09 BRE Bank Group’s Capital Adequacy Ratio (CAR) in Q4/09 Relation between Capital Adequacy Ratio (CAR) Change of CAR under Basel II and Risk Weighted Assets (RWA) 90 12% +85 bps 80 11% +62 bps 70 10% 60 9% 50 8% 40 7% 11.50% 30 6% 10.04% 20 5% 10 4% 0 3% 31.12.2008 Decre
Slide 17: Loan to Deposit Ratio
Analysis of the Results, Q4/09 Loan to Deposit Ratio The ratio of loans to deposits stood at 122.6% in Q4/09. However, funding policy for FX risk mitigation is implemented. BRE mid-term loans in CHF fund CHF-denominated mortgages, therefore... ...the „real” ratio of loans funded from deposits is 78.
Slide 18: Maturity of Long- and Midterm FX Loans
Analysis of the Results, Q4/09 Maturity of Long- and Midterm FX Loans Maturity of Long- and Mid-term FX Loans by June 2011 (PLN B, as at 01.02.2010) By the end of 2010 BRE Bank 24 will need to refinance PLN 2.9 B of long- and mid-term loans drawn 18 in the past to fund FX lending. This means that...
Slide 19: Agenda
Agenda Summary of Q4/09 Analysis of Q4/09 results BRE Bank Group in 2009 Summary of BREnova Program Appendix Detailed Results of Business Lines Q1-4/09 Additional Information: Selected Financial Data 19
Slide 20: Main Achievements in a Difficult Year
BRE Bank Group in 2009 Main Achievements in a Difficult Year 1 Record high recurrent income 2 Lowest FY cost/income ratio over the last 5 years High loan loss provisions as a result 3 of a significant clean up of loan book 4 Strong improvement of funding profile 5 Dynamic increase of retail customer
Slide 21: Income & Costs of BRE Bank Group
BRE Bank Group in 2009 Income & Costs of BRE Bank Group BRE Bank Group Income 2009 vs. 2008* Overhead Costs + Depreciation of BRE Bank Group (PLN M) 2009 vs. 2008 +6.1% -0.3% Costs C/I +19.1% +7.8% <x10 -16.0% +/- -17.3% PLN M 1 550.1 1 544.8 % YoY YoY YoY YoY YoY YoY 93.7 1600 90 406.4 -0.8 99.1 14
Slide 22: Structure of Loan Loss Provisions
BRE Bank Group in 2009 Structure of Loan Loss Provisions Extraordinary high LLP however problematic loan portfolios provisioned or restructured Significant influence of LLP related to BRE Bank Group’s derivative exposures of corporate clients: Impairment Losses on Loans and Advances 2009 vs. 2008
Slide 23: Development of Loans & Deposits
BRE Bank Group in 2009 Development of Loans & Deposits Development of Gross Loans Development of Deposits (PLN B) (PLN B) +2.7% +13.4% +1.7 +0.6 +3.3 +1.6 +0.2 -0.9 +6.4% -3.5% +44.1% +15.7% +9.5% +224.0% YoY YoY YoY YoY YoY YoY 53.0 54.4 42.8 37.8 2008 Individual Corporate Other (incl. 2009 clients
Slide 24: Agenda
Agenda Summary of Q4/09 Analysis of Q4/09 results BRE Bank Group in 2009 Summary of BREnova Program Appendix Detailed Results of Business Lines Q1-4/09 Additional Information: Selected Financial Data 24
Slide 25: BREnova Retail Banking: Revenue & Business Initiatives Effects
Summary of BREnova Program Retail Banking: Revenue & Business Initiatives Effects Clients of BRE Retail Banking Business Line Product Penetration (Poland) Total Gross Revenue (excl. LLP) (thou.) (product number/client) (PLN M) +17.3% +7.2% +29% 1 041 1 344 +53% Regular 3 261.6 2.62 revenue 2 778.0 2
Slide 26: BREnova Corporates and Institutions: Revenue & Business Initiatives Effects
Summary of BREnova Program Corporates and Institutions: Revenue & Business Initiatives Effects Profitability management Cash management, Total Gross Revenue by Product Group trade finance and other service (excl. LLP, PLN M) Revenues RWA revenues 759 782 Treasury sales +3.1% -3.0% +10% Loans Branch
Slide 27: Successful Implementation of BREnova Strategic Program
Summary of BREnova Program Successful Implementation of BREnova Strategic Program Structure of BREnova Cost Base Revision by Cost Categories BREnova cost initiatives (PLN M) resulted in +5.7% PLN 16 M additional savings vs. target for 2009 of PLN 280 M 56 18 31 Actual cost reductions above target
Slide 28: Our View for 2010
Our View for 2010 1 Full utilisation of business development potential Positive trends in LLP 2 together with economic recovery New Strategy 3 to be announced on the 1st March 28
Slide 29: Agenda
Agenda Summary of Q4/09 Analysis of the Q4/09 results BRE Bank Group in 2009 Summary of BREnova Program Appendix Detailed Results of Business Lines Q1-4/09 Additional Information: Selected Financial Data 29
Slide 30: Appendix
Appendix Additional Information: Page No. Page No. Detailed Results of the Business Lines Selected Financial Data & Business Environment BRE Bank Retail Banking 31-41 P&L acc. to IFRS 56 Summary of Q4/09 32 Results of Subsidiaries 57 Customer Acquisition & Volume Trends 33-34 Interest Income 58 Acqu
Slide 31: Detailed Results of the Business Lines Q4/09: Retail Banking
Appendix Detailed Results of the Business Lines Q4/09 Retail Banking 31
Slide 32: Retail Banking Summary of Q4/09: Financial Results
Appendix BRE Bank Retail Banking Summary of Q4/09: Financial Results Retail Banking - total Contributors to the Profit before Tax of Retail Banking Profit before Tax of the Segment in Q4/09 (by quarter, PLN M) mBank Cz & SK (PLN M) -21.5 -19.3 mBank/CZ Private -24.5 mBank/PL and SK MultiBank Banking
Slide 33: Retail Banking (Poland) Customer Acquisition and Volume Trends
Appendix BRE Bank Retail Banking (Poland) Customer Acquisition and Volume Trends Data as at 31.12.2009 End of Q3/09 Change End of Q4/09 (M) 4 3 2.8 M clients +3.6% 2.9 M 2 1 3.6 M accounts +8.3% 3.9 M 0 Customers Accounts 18.0 B +11.1% 20.0 B Private Banking MultiBank deposits (PLN) (PLN B) mBank (P
Slide 34: Retail Banking (CZ/SK) Customer Acquisition and Volume Trends
Appendix BRE Bank Retail Banking (CZ/SK) Customer Acquisition and Volume Trends Data as at 31.12.2009 End of Q3/09 Change End of Q4/09 (thou.) 800 600 353.9 thou. clients +10.1% 389.8 thou. 400 200 0 694.1 thou. accounts +11.7% 775.1 thou. Clients Accounts (EUR M) (EUR M) 1.08 B deposits (EUR) +5.8%
Slide 35: Acquisition of Microenterprises
Appendix BRE Bank Retail Banking Acquisition of Microenterprises* 356 thousand microenterprises serviced by BRE Bank Retail Banking Number of Microenterprises at BRE Bank Retail Banking (thou.) 90.8 82.0 86.4 78.0 73.9 Number of serviced microenterprises 62.3 up by 12.3 thousand in Q4/09 50.8 39.0
Slide 36: Deposits & Loans: Market Share
Appendix BRE Bank Retail Banking Deposits & Loans: Market Share BRE Retail Deposits BRE Retail Loans (PLN B) (PLN B) 11/09: 11/09: 5.1% 6.7% 1.4% 2.9% 3.3% 3.9% 4.8% 5.4% 1.2% 2.1% 3.0% 4.5% 5.4% 6.9% 25 400 35 450 32,5 22,5 400 350 30 20 27,5 350 300 17,5 25 300 250 22,5 15 20 250 12,5 200 17,5 15
Slide 37: Mortgage Loans: Portfolio Structure and Quality
Appendix BRE Bank Retail Banking Mortgage Loans: Portfolio Structure and Quality BRE Bank’s Mortgage Loans Portfolio Structure of the Retail Banking Loans Portfolio (Retail Banking* loans to individuals) (Household Loans) at 31.12.2009 Total PLN FX By loan type By currency 8% Balance-sheet value 6%
Slide 38: Distribution Network
Appendix BRE Bank Retail Banking Distribution Network mBank Distribution Network MultiBank Branches (in Poland) (in Poland) Total: Total: 7 24 54 67 103 161 142 35 46 72 84 109 131 134 52 58 77 54 44 27 38 34 65 4 68 13 79 76 61 65 42 40 22 46 31 33 38 7 23 14 15 15 16 2 2003 2004 2005 2006 2007 200
Slide 39: mBank – eBroker, MultiBank – Brokerage Service
Appendix BRE Bank Retail Banking mBank – eBroker, MultiBank – Brokerage Service Investment Accounts 137 145 (thou.) 123 131 Dynamic growth 115 104 96 of brokerage services 90 83 74 for Retail Banking 62 46 customers 14 17 24 28 34 12 14 15 16 17 18 19 19 20 7 9 11 2 3 4 eMakler trading reached PLN
Slide 40: Internet Platform – SUS and Insurance Centre
Appendix BRE Bank Retail Banking Internet Platform – SUS and Insurance Centre ‘It’s hard to top the Car Insurance Supermarket’ Newsweek ‘mBank’s offer is the most attractive’ Pentor Research International The Car Insurance Supermarket (mBank) 206.8 thou. was launched on 13 February 2007 car insura
Slide 41: Net Sales by Quarters
Appendix BRE Bank Retail Banking (Poland) Net Sales by Quarters mBank/PL Clients Deposits Loans (thou.) (PLN M) (PLN M) +12.8% +16.6% +7.8% 1304 -240 -220 11 84 1224 35 57 461 84 535 571 2688 83 768 -443 64 762 1347 101 104 1202 12 709 634 11 758 2 296 835 10 903 2 035 10 896 1 629 7 629 5 399 07 08
Slide 42: Detailed Results of the Business Lines Q4/09: Corporates & Financial Markets
Appendix Detailed Results of the Business Lines Q4/09 Corporates & Financial Markets 42
Slide 43: Corporates and Financial Markets Summary of Q4/09: Financial Results
Appendix Corporates and Financial Markets Summary of Q4/09: Financial Results Contributors to the Result before Tax Result before Tax of the Segment of Corporates & Financial Markets in Q4/09 (by quarter, PLN M) (PLN M) Subsidiaries Corporations Institutions 321.0 Financial Others*** Financial Liqui
Slide 44: Corporates and Institutions Customer Acquisition and Volume Trends
Appendix Corporates and Institutions Customer Acquisition and Volume Trends End of Q3/09 Change End of Q4/09 Corporate Loans (PLN B) corporate 12 992 clients -1.2% 12 836 corporate 14.7 14.0 24.8 B loans (PLN) -2.7% 24.1 B 09/09. 12/09. thereof loans for 14.7 B enterprises (PLN) -4.4% 14.0 B Corpora
Slide 45: Loans and Deposits – Market Share
Appendix Corporates and Institutions Loans and Deposits – Market Share BRE Bank’s Market Share in Corporate* Loans and Deposits 01/06 – 12/09 12,0% Corporate* Deposits Volume (BRE Bank only, PLN B) 10,0% 8.9% 12.9 12.7 13.3 12.45 14.0 14.2 13.7 12.23 13.1 13.3 14.6 8,0% 10.7 10.9 6,0% 6.4% 4,0% . .
Slide 46: Development of Loans and Deposits
Appendix Corporates and Institutions Development of Loans and Deposits Corporate Clients’ Loan Volume Corporate Clients’ Deposit Volume (BRE Bank, PLN B) (BRE Bank, PLN B) 15.7 16.2 16.4 15.3 16.3 15.9 13.8 16.4 15.7 17.1 10% 10% 10% 11% 13% 11% 13% 16% 14% 15% 52% 36% 52% 55% 52% 49% 38% 40% 44% 39
Slide 47: Development of Client Base
Appendix Corporates and Institutions Development of Client Base Corporate Clients: Number and Structure 12 846 13 098 13 081 12 990 12 992 12 836 K1 946 K1 968 K1 960 K1 905 K1 908 K1 898 K2 K2 K2 K2 K2 K2 The total number of corporate clients 3 853 3 896 3 883 3 852 3 875 3 810 at the end of Q4/0
Slide 48: Cash Management
Appendix Corporates and Institutions Cash Management Cash Management – Strategic Product Line Supporting Long-term Customer Relations Direct Debit Identification of Trade Payments Number of Clients Using Cash (thou. of transactions) (M of transactions) Consolidation Services +2.9% +2.0% +7.1% 599 61
Slide 49: Products with EU Financing and Risk Management Products
Appendix Corporates and Institutions Products with EU Financing and Risk Management Products Sales of Banking Products Sales with EU Financing of Financial Instruments In 2009, the sales of products The profit on sales related with EU funds of financial instruments accounted for 77.4% to corpora
Slide 50: Leasing and Factoring
Appendix Corporates and Institutions Leasing and Factoring Intermarket Group Intermarket Group companies* Sales of Intermarket Group Companies (EUR B) PLN 6.1 M of pre-tax profit in Q4/09; total loss in 2009 of PLN -4.9 M (incl. a loss of PLN 37.4 M on Romanian subsidiary +3.1% Compania de Factori
Slide 51: BRE Bank Hipoteczny (BBH)
Appendix Corporates and Institutions BRE Bank Hipoteczny (BBH) Loans Portfolio (PLN M) Profit before Tax (PLN M) Balance-sheet Exposure 3 589 3 866 4 344 4 562 4 464 4 308 4 143 76 -38.9% 70 73 63 61 729 726 70 704 724 73 702 625 574 3 567 3 757 3 668 3 521 3171 3 380 2 942 53.1 10.3 32.5 6.3 9.8 6.
Slide 52: Dom Inwestycyjny BRE Banku (DI BRE)
Appendix Corporates and Institutions Dom Inwestycyjny BRE Banku (DI BRE) Number of Accounts with DI BRE End of 09/09 (thousand) DI BRE accounts 24.9 eBroker* (mBank) 147.8 Profit before tax at PLN 42,2 M at the end of Q4/09 Brokerage Service* (MultiBank) 21.5 compared to PLN 25.9 M at the end of Q
Slide 53: Proprietary Investments Portfolio
Appendix Corporates and Institutions Proprietary Investments Portfolio Major Equity Investments Equity Stake at 31.12.2009 At the end of Q4/09, BRE Gold FIZAN 100.00% value at cost of proprietary investments Garbary Sp. z o.o. 100.00% and mezzanine portfolio reached PLN 232 M Compared to year-en
Slide 54: Trading and Investment Activity Market Share
Appendix Trading and Investment Activity Market Share BRE Bank’s Market Share* BRE Bank in the Market in Investment Banking Services of Non-Treasury Debt** at 30.11.2009 (PLN M) Market Market BRE Bank 12 927.7 BRE Bank 12 100.4 11 451.7 4.8% 18.9% 2 746.5 2 932.5 2 488.0 Treasury IRS/FRA Bills and B
Slide 55: Additional Information: Selected Financial Data
Appendix Additional Information: Selected Financial Data 55
Slide 56: Consolidated Profit and Loss Account under IFRS
Appendix Additional Information: Selected Financial Data Consolidated Profit and Loss Account under IFRS PLN thou. By quarter Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Net interest income 384 421 397 103 431 487 412 052 417 535 Net commission income 128 700 121 842 158 122 162 758 152 001 Dividend income 5 686
Slide 57: Results of Subsidiaries
Appendix Additional Information: Selected Financial Data Results of Subsidiaries 53.1 Profit before Tax of Consolidated Subsidiaries 42.2 (PLN M) 37.9 2009 profit 36.7 32.5 34.1 Q1-4/08 before tax 25.9 23.5 27.9 Q1-4/09 of consolidated 17.5 12.5 12.8 subsidiaries 6.8 6.5 6.1 5.3 5.0 3.7 0.8 2.3 at P
Slide 58: Net Interest Income & Margin
Appendix Additional Information: Selected Financial Data Net Interest Income & Margin Interest Income Structure Net Interest Income, Q4/09 by Business Line (PLN M) (PLN M) 1 084.8 947.8 842.9 828.2 834.3 +1.3% 7 56 5 43 2.6 5 3 1 19 15 -2.1 17 183.2 795 706 643 628 633 412.1 417.5 233.9 120 118 128
Slide 59: Commission Income
Appendix Additional Information: Selected Financial Data Commission Income Commission Income Structure Net Commission Income, Q4/09 by Business Line (PLN M) (PLN M) 216.4 219.7 255.9 259.3 266.3 -6.6% 28 27 29 24 21 21 8.6 25 21 14 40 42 21 40 -2.2 38 26 35 30 30,7 20 19 102.5 78 162.7 152.0 63 71 7
Slide 60: Trading Income
Appendix Additional Information: Selected Financial Data Trading Income Contributors of Net Trading Income FX Result Contributors in Q4/09 (PLN M) (PLN M) 35.9 140 Retail Banking 120 Financial Markets 100 80 Risk & Liquidity 60 Other - 9.8 40 corporate 8.6 8.0 5.4 5.8 K3 20 2.4 0 K2 Origination Reta
Slide 61: Administrative Expenses Structure
Appendix Additional Information: Selected Financial Data Administrative Expenses Structure Structure of Administrative Expenses incl. Depreciation C/I Ratio of BRE Bank Group* (PLN M) (%, as at the end of period) 472.4 359.1 363.2 364.1 458.4 12.5 12,2 58.2 82,3 60.8 15,7 14,2 13,3 58,5 59,3 59,2 19
Slide 62: Loans and Deposits
Appendix Additional Information: Selected Financial Data Loans and Deposits Loans Deposits (PLN B, net) (PLN B) +0.6% +13.3% 42.8 56.2 54.9 52.7 37.8 38.9 39.4 52.1 52.5 35.3 +8% -2.3% -4.0% -0.4% -6% +10.1% +1.5% +8.5% 12/08. 03/09. 06/09. 09/09. 12/09. 12/08. 03/09. 06/09. 09/09. 12/09. BRE* Marke
Slide 63: Balance Sheet Analysis - Assets
Appendix Additional Information: Selected Financial Data Balance Sheet Analysis - Assets Structure of Assets Loans and Advances to Customers* (PLN B) - Portfolio by Customer Category (PLN B) 82.6 81.2 80.9 78.6 81.0 0.7 0.6 5.3 5.5 0.6 6.9 6.5 0.7 1.1 3.4 2.4 6.1 5.5 2.9 2.5 3.5 6.4 5.6 5.4 9.8 11.2
Slide 64: Balance Sheet Analysis - Liabilities
Appendix Additional Information: Selected Financial Data Balance Sheet Analysis - Liabilities Structure of Liabilities Structure of Deposits (PLN B) (PLN B) 82.6 81.2 80.9 78.6 81.0 11.6 9.2 7.5 0.2 11.7 8.1 4.1 4.3 0.4 0.5 4.0 4.1 4.2 0.1 1.4 1.8 1.8 1.6 1.5 0.4 18.2 25.0 17.2 16.5 27.5 27.2 25.4 1
Slide 65: Capital Adequacy Ratio
Appendix Additional Information: Selected Financial Data Capital Adequacy Ratio Capital Adequacy Ratio under NCA Capital Requirement Q4/07 Q4/08 Q3/09 Q4/09 (PLN M) Basel I Basel II Basel II Basel II Credit risk 2 998 4 177 3 962 3 886 Market risk 93 89 54 46 Operational risk - 326 326 375 Other ris
Slide 66: Loan Loss Provisions 1/2
Appendix Additional Information: Selected Financial Data Loan Loss Provisions 1/2 Net Credit and Loans Impairment Provisions BRE Bank Portfolio Quality (consolidated data, PLN M) (%) -76.8 -269.1 -1 097.1 5,5 5,2 5,5 5.1 5,1 1 -46 -7 -35 4,7 -22 4.4 4.7 4,5 -36 4,3 3.9 4 4 3.8 -71 3,9 4 3.5 3.4 3,5
Slide 67: Loan Loss Provisions 2/2
Appendix Additional Information: Selected Financial Data Loan Loss Provisions 2/2 Retail customers provisions by quarters Corporate portfolio provisions by quarters (PLN M) (PLN M) 440.6 656.5 10.6 82.1 130.5 126.1 101.9 127.9 308.3 122.7 97.6 276.8 247.8 104.6 1.6 56.4 6.0 36.6 6.6 83.9 73.3 182.2
Slide 68: Structure of BRE Bank's Risk Portfolio
Appendix Additional Information: Selected Financial Data Structure of BRE Bank’s Risk Portfolio Quality 4.4% 4.6% 3.6% 3.6% 3.4% 2.8% 2.8% 3.4% 4.8% 5.9% 5.9% of the Loans and Default Portfolios 100% 2.2 1.9 1.5 1.4 1.4 1.4 1.6 2.3 3.5 4.0 4.7 97.8 98.1 98.5 98.6 98.6 98.6 98.4 97.7 96.5 96.0 95.3 8
Slide 69: NPLs: Portfolio Structure
Appendix Additional Information: Selected Financial Data NPLs: Portfolio Structure* 5.9% of NPLs in the portfolio (balance-sheet) at the end of 2009 12/09 09/09 12/08 Expo- % Provi- Expo- % Provi- Expo- % Provi- sure sions % sure sions % sure sions % PLN B coverage PLN B coverage PLN B coverage As B
Slide 70: Beyond Q4/09: Business Environment
Appendix Beyond Q4/09: Business Environment 2010 should bring GDP growth around 3%, with rising investements and interest rates GDP in 2010 may grow by ca. 3% Inflation should ease in H1’2010 and rebound in H2’2010 8 7,0 GDP growth 6,2 6,8 CPI, NBP in Poland 6 5,0 reference 6,0 (% YoY) rate 4 3,6 3,
Slide 71: Contact
Contact BRE Bank’s Investor Relations Officers at your service: Marcin Chanke Secretariat: +48 22 829 04 80 Head of Investor Relations Direct dial: +48 22 526 70 33 Fax: +48 22 829 04 88 E-mail: marcin.chanke@brebank.pl Joanna Filipkowska Direct dial: +48 22 829 04 53 Deputy Head of Investor Relatio