Slide 1: Erste Group - FY 2007 results presentation
ERSTE GROUP Erste Group - FY 2007 results presentation 29 February 2008, Vienna Record results and optimistic outlook Andreas Treichl, CEO Peter Kisbenedek, CFO
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: Presentation topics
Presentation topics ERSTE GROUP Summary and 2007 highlights 2007 key topics Outlook and targets Financials and segment reporting Asset quality Appendix NB • According to revised IAS 19 (Employee Benefits), actuarial profits and losses can now be charged against equity without affecting net income wh
Slide 4: Executive summary – Highlights
Executive summary – Highlights ERSTE GROUP 10th consecutive year of record results Net profit EUR 1,174.7m, up 26% on 2006 Driven by strong performance of CEE business segments Despite substantially changed market environment and integration costs for BCR transformation BCR outperforms targets, outl
Slide 5: FY 07 financial highlights – Targets delivered in a challenging environment
FY 07 financial highlights – Targets delivered in a challenging environment ERSTE GROUP Net profit up 26.0% yoy to EUR 1,174.7m Cash earnings per share * Exceeding guidance of minimum 25% increase NIM on interest bearing assets (IBA) at 2.5% 4.5 3.92 up from 2.3% at FY 06 4.0 3.5 2.98 3.14 3.76 Tota
Slide 6: FY 07 divisional highlights – CEE subsidiaries show excellent performance
FY 07 divisional highlights – CEE subsidiaries show excellent performance ERSTE GROUP Austria Operating result per segment * in EUR million 2007 2006 Change Positive performance of Austrian R&M Austria 1,042.6 984.0 6.0% against the backdrop of volatile markets Savings Banks 433.9 406.0 6.9% impacti
Slide 7: Q4 2007 operating highlights – EB Group underlying performance accelerates
Q4 2007 operating highlights – EB Group underlying performance accelerates ERSTE GROUP Strong operating performance supported by Quarterly operating result contained cost growth 800 Operating expenses increase by 23.7%, 735 outperforming guidance of 25% cost growth for 2007 in EUR million 700 + 12.7
Slide 8: Presentation topics
Presentation topics ERSTE GROUP Summary and 2007 highlights 2007 key topics Outlook and targets Financials and segment reporting Asset quality Appendix FY 2007 preliminary results Analyst presentation & conference call 29 February 2008 8
Slide 9: Key topics: Romania – BCR performs as planned
Key topics: Romania – BCR performs as planned ERSTE GROUP Adjusted net profit reaches EUR 362.1m Reported vs underlying net profit Up 42% on 2006 adjusted* net profit 800 Main growth drivers: loan growth; new 2006 - 2009 CAGR: >40% products and pricing; network expansion Basis: EUR 250m in EUR milli
Slide 10: Key topics: Romania – Detailed income statement of BCR Group
Key topics: Romania – Detailed income statement of BCR Group ERSTE GROUP 2007 2007 2007 2006 2006 2006 Change as reported restructuring / before as reported restructuring / before 2007 vs 2006 valuation costs, restructuring / valuation costs, restructuring / one-off items valuation costs, included v
Slide 11: Key topics: Romania – Stable economic growth ahead
Key topics: Romania – Stable economic growth ahead ERSTE GROUP Solid real GDP growth expected Key economic indicators Inflation predicted to come down from higher 8 7.7% 9% 2007 levels in EUR thousand 5.7% 6.1% 6.0% CPI as well as wage inflation 6 6.6 4.4% 5.8 6% Unemployment forecast to remain stab
Slide 12: Key topics: Romania – Tightening monetary policy is beneficial
Key topics: Romania – Tightening monetary policy is beneficial ERSTE GROUP NBR hikes policy rate by 150 bps RON/EUR NBR Fixing Reference rate stands at 9%, up from 7.5% and 8.75% at year-end 2007 and 2006 respectively 4.0 Main aim is to rein in mid single-digit inflation 3.8 Further 50 bps hike expe
Slide 13: Key topics: Romania – BCR: stable loan growth, manageable risk costs
Key topics: Romania – BCR: stable loan growth, manageable risk costs ERSTE GROUP Loan growth range: 30-40% in 2008 Loan book trends Stronger growth in retail vs corporate 25 Focus on the underdeveloped mortgage 20 19 17 market – establishment of 6 mortgage 16 17 in RON billion 14 14 15 14 15 12 cent
Slide 14: Key topics: Romania – BCR: well balanced FX retail business
Key topics: Romania – BCR: well balanced FX retail business ERSTE GROUP Self-funding retail business Retail loan vs deposit structure by currency Retail loan/deposit ratio < 80% 30 Retail FX lending is partly covered by FX 25.7 deposits excellent risk mitigation in RON billion 19.4 7.4 20 Rationale
Slide 15: Key topics: ABS/CDO portfolio – General overview
Key topics: ABS/CDO portfolio General overview ERSTE GROUP Total market value of ABS/CDO portfolio at FY 2007 EUR 3.2bn at Erste Bank and EUR 220m at savings banks No direct or indirect exposure to sub-prime or to US real estate markets No impairments – all underlying assets continue to perform to e
Slide 16: Key topics: ABS/CDO portfolio – No material negative impact
Key topics: ABS/CDO portfolio No material negative impact ERSTE GROUP Limited impact on Group profitability ABS & CDO exposure development (inc savings banks portfolio) (including redemptions and reinvestments)* Pre-tax impact on P&L of EUR -30.2m from - 2.2% 3,361 - 4.9% 3,500 3,266 3,195 3,197 MTM
Slide 17: Key topics: ABS/CDO portfolio – Detailed portfolio analysis
Key topics: ABS/CDO portfolio Detailed portfolio analysis ERSTE GROUP Portfolio has experienced significant upgrades ABS/CDO portfolio by products (Dec 2007) * over the years in EUR m Face Value Market Value +/-% % of total (market value) European prime RMBS 1,002 964 (3.8%) 30.1% Investments mainly
Slide 18: Key topics: ABS/CDO portfolio – Drill-down on ABS portfolio
Key topics: ABS/CDO portfolio Drill-down on ABS portfolio ERSTE GROUP Erste Group has no exposure to US RMBS ABS portfolio by ratings (Dec 2007) * and CMBS in EUR m Face Value Market Value +/-% % of total (market value) AAA 301 298 (0.9%) 15.4% AA 487 476 (2.1%) 24.7% Criteria for RMBS investments A
Slide 19: Key topics: ABS/CDO portfolio – Drill-down on CDO portfolio
Key topics: ABS/CDO portfolio Drill-down on CDO portfolio ERSTE GROUP Cash CLOs with strong corporate fundamental CDO portfolio by products (Dec 2007) * value make up 82% of portfolio in EUR m Face Value Market Value +/-% % of total (market value) 65% of US CLOs are AAA rated Cash CLOs 1,125 1,042 (
Slide 20: Key topics: Funding – Funding costs contained in 2008
Key topics: Funding – Funding costs contained in 2008 ERSTE GROUP CDS widening will not lead to substantially higher funding costs, due to: 2 Aaa rated cover pools (mortgage and public sector), which enables cheaper funding Cover Pools • Stringent legal framework, comparable to Germany • Pooling of
Slide 21: Key topics: Tangible equity – Analysis of changes in equity and intangible assets
Key topics: Tangible equity – Analysis of changes in equity and intangible assets ERSTE GROUP Intangibles composition (2007) Currency volatility impacts shareholders (in EUR m) BCR Goodwill equity but not tangible equity BCR Customer 469 relationships (amortised) Goodwill moves in tandem with curren
Slide 22: Key topics: Cost development – Expense growth 2007 lower than forecast
Key topics: Cost development – Expense growth 2007 lower than forecast ERSTE GROUP Cost growth at 23.7% yoy – better than guidance of + 25% for 2007 2006/2007 costs adjusted for 5-year operating expense analysis acquisitions & one-offs 3,700 3,642 529 3,000 +23.7% 42 58 3,013 2,945 2,838 2,595 2,670
Slide 23: Presentation topics
Presentation topics ERSTE GROUP Summary and 2007 highlights 2007 key topics Outlook and targets Financials and segment reporting Asset quality Appendix FY 2007 preliminary results Analyst presentation & conference call 29 February 2008 23
Slide 24: Outlook – Erste Group confirms guidance
Outlook – Erste Group confirms guidance ERSTE GROUP First indications for 2008 strengthen confidence of achieving 2008 target of minimum 20% net profit growth On this basis targets for 2009 are also confirmed 2008: > 20% Net profit(1) growth 2009: > 25% Cost/income ratio Below 55% in 2009 Return on
Slide 25: Presentation topics
Presentation topics ERSTE GROUP Summary and 2007 highlights 2007 key topics Outlook and targets Financials and segment reporting Asset quality Appendix FY 2007 preliminary results Analyst presentation & conference call 29 February 2008 25
Slide 26: Group income statement (IFRS) – Strong operating performance – even without BCR
Group income statement (IFRS) – Strong operating performance – even without BCR ERSTE GROUP Excluding BCR* in EUR million 2007 2006 Change 2007 Change Net interest income 3,945.8 3,189.3 23.7% 3,358.8 11.9% Risk provisions for loans and advances (454.7) (439.1) 3.6% (479.5) 11.3% Net fee and commiss
Slide 27: Group balance sheet (IFRS) – Loan growth driven by CEE retail lending
Group balance sheet (IFRS)* – Loan growth driven by CEE retail lending ERSTE GROUP in EUR million Dec 07 Dec 06 Change Cash and balances with central banks 7,615 7,378 3.2% Loans and advances to credit institutions 14,937 16,616 (10.1%) Loans and advances to customers 113,956 97,107 17.4% Risk provi
Slide 28: Group balance sheet (IFRS) – FY 2007 loan/deposit ratio at 114%
Group balance sheet (IFRS)* – FY 2007 loan/deposit ratio at 114% ERSTE GROUP in EUR million Dec 07 Dec 06 Change Amounts owed to credit institutions 35,165 37,688 (6.7%) Amounts owed to customers 100,116 90,849 10.2% Debt securities in issue 31,078 21,814 42.5% Trading liabilities 1,756 1,200 46.3%
Slide 29: Core segments – CEE contribution strongly increases due to BCR
Core segments* – CEE contribution strongly increases due to BCR ERSTE GROUP Austria CEE Int'l Business Corp. Center Total in EUR million 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 Net interest income 1,649.5 1,592.9 2,140.3 1,444.3 152.7 149.0 3.3 3.2 3,945.8 3,189.4 Risk provisions (225.2) (
Slide 30: Core segment – Austria: Retail & Mortgage net profit up 15%
Core segment – Austria* Target achieved: Retail & Mortgage net profit up 15% ERSTE GROUP Savings Banks Retail & Mortgage Large Corporates Treasury & IB Austria in EUR million 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 Net interest income 864.6 839.7 552.8 537.3 177.6 147.6 54.5 68.3 1,649.5 1
Slide 31: Core segment Central and Eastern Europe (1) – Strong performance of CEE subsidiaries
Core segment Central and Eastern Europe (1)* – Strong performance of CEE subsidiaries … ERSTE GROUP Czech Republic Romania Slovakia Hungary in EUR million 2007 2006 2007 2006 2007 2006 2007 2006 Net interest income 834.9 705.6 568.2 127.8 300.5 239.5 253.2 251.2 Risk provisions (70.7) (52.5) 25.4 (8
Slide 32: Core segment Central and Eastern Europe (2) – … across the board
Core segment Central and Eastern Europe (2)* – … across the board ERSTE GROUP Croatia Serbia Ukraine CEE in EUR million 2007 2006 2007 2006 2007 2006 2007 2006 Net interest income 159.2 111.1 16.2 9.2 8.0 0.0 2,140.3 1,444.3 Risk provisions (17.8) (12.3) 0.1 (3.3) (10.3) 0.0 (170.2) (126.9) Net fee
Slide 33: Presentation topics
Presentation topics ERSTE GROUP Summary and 2007 highlights 2007 key topics Outlook and targets Financials and segment reporting Asset quality Appendix FY 2007 preliminary results Analyst presentation & conference call 29 February 2008 33
Slide 34: Group asset quality – NPL coverage at comfortable levels
Group asset quality1 – NPL coverage at comfortable levels ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure Risk provisions NPL coverage Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Austria 92,507 91,663 12,676 11,285 1
Slide 35: Overview of international exposures – Credit risk by regions
Overview of international exposures Credit risk by regions* ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure in EUR million Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Share of total Share of total Core market 128,152 119,447 21,636 18,844 3,868
Slide 36: Overview of international exposures (cont) – Credit risk by industry sectors
Overview of international exposures (cont) Credit risk by industry sectors* ERSTE GROUP Low risk Mgmt attention Substandard Non-performing Total exposure in EUR million Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Dec 07 Dec 06 Share of total Share of total Banking and insurance 53,876 53
Slide 37: Presentation topics
Presentation topics ERSTE GROUP Summary and 2007 highlights 2007 key topics Outlook and targets Financials and segment reporting Asset quality Appendix FY 2007 preliminary results Analyst presentation & conference call 29 February 2008 37
Slide 38: Credit risk – Exposure to monoline insurers
Credit risk – Exposure to monoline insurers ERSTE GROUP No direct exposure to monoline insurers No risk transfer in ABS/CDO portfolio EUR 11m of securitisations are guaranteed by monoliners, but reported in ABS/CDO portfolio EUR 58m of Australian RMBS where underlying is partly guaranteed by monolin
Slide 39: Austria/Savings Banks – FY 07 highlights
Austria/Savings Banks – FY 07 highlights ERSTE GROUP Operating result up 6.9% Strong improvement qoq (+ 23.4%) based on below Savings Banks 2007 2006 Change average costs in Q4 07 Operating income 1,262.2 1,230.1 2.6% NII increases by 3.0% Operating expenses (828.3) (824.2) 0.5% Styrian and Carinthi
Slide 40: Austria/Retail and Mortgage – FY 07 highlights
Austria/Retail and Mortgage – FY 07 highlights ERSTE GROUP Net profit improves by 15.9% Supported by strong Q4 07: + 50.9% on weak Q3 07 Retail & Mortgage 2007 2006 Change Driven by NII and fee income while costs stay flat Operating income 931.2 900.9 3.4% Positive Basel II effect: RWAs decline by 1
Slide 41: Austria/Retail and Mortgage – Branches and SME sub-segments improve strongly
Austria/Retail and Mortgage – Branches and SME sub-segments improve strongly ERSTE GROUP Operating result (EUR m) Net profit (EUR m) 115.4 2006 2007 2006 2007 106.0 69.972.3 57.0 48.7 44.3 39.0 39.8 37.437.9 31.829.9 27.3 27.4 21.9 22.9 11.7 13.5 2.7 Branches SME Own SBs Mortgage Subsidiaries Branch
Slide 42: Austria/Large Corporates – FY 07 highlights
Austria/Large Corporates – FY 07 highlights ERSTE GROUP Net profit improves by 47.3% Supported by strong Q4 07 – up 95.7% qoq Large Corporates 2007 2006 Change NII increases substantially by 20.3% Operating income 280.0 251.6 11.3% Supported by selected loan growth and the CEE Operating expenses (11
Slide 43: Austria/Treasury & Investment Banking – FY 07 highlights
Austria/Treasury & Investment Banking – FY 07 highlights ERSTE GROUP Net profit contribution decreases by 27.9% Decline mainly due to negative contribution from ALM Treasury & IB 2007 2006 Change and an exceptionally low trading result in Q3 07 Operating income 247.2 246.5 0.3% NII declines by 20.1%
Slide 44: CEE/Czech Republic – FY 07 highlights
CEE/Czech Republic – FY 07 highlights ERSTE GROUP Net profit contribution up 25.5% (22.9%)* Local result increases by 17% comfortably within guidance of 15-20% profit growth Czech Republic 2007 2006 Change Supported by accelerated performance in H2 07 Operating income 1,269.7 1,100.1 15.4% NII up st
Slide 45: CEE/Romania – FY 07 highlights
CEE/Romania – FY 07 highlights ERSTE GROUP BCR consolidated since 12 October 2006 NII improves by 17.3% qoq to EUR 568.2m Romania 2007 2006 Change Supported by accounting change transferring EUR 16m from trading to NII (adjusted up 6.1% qoq) Operating income 906.6 195.3 >100.0% Continued repricing o
Slide 46: CEE/Slovakia – FY 07 highlights
CEE/Slovakia – FY 07 highlights ERSTE GROUP Net profit contribution increases by 9.2% only (0%)* due to various one-off effects Slovakia 2007 2006 Change Strong operating performance up 22.9% (12%) Operating income 417.2 343.2 21.6% NII continues to grow strongly, up 25.5% (14.2%) Based on solid loa
Slide 47: CEE/Hungary – FY 07 highlights
CEE/Hungary – FY 07 highlights ERSTE GROUP Net profit contribution improves by 8.6% (3.7%)* Net profit + 21%, adjusted for NII accrual correction of EUR 8m1 Hungary 2007 2006 Change NII increases by 0.8%(-3.7%) Strong retail growth (+ 30%) and improved margins Operating income 424.2 374.9 13.1% comp
Slide 48: CEE/Croatia – FY 07 highlights
CEE/Croatia – FY 07 highlights ERSTE GROUP Net profit contribution up 69.2%* First time consolidation of Diners Club Adriatic, Croatia (DCA) and change in scope of consolidation affect key Croatia 2007 2006 Change operating line items Operating income 246.7 160.6 53.6% Adjusting for DCA net profit i
Slide 49: CEE/Serbia FY 07 highlights
CEE/Serbia FY 07 highlights ERSTE GROUP Net profit contribution improves by EUR 18.5m or 87.2% Serbia 2007 2006 Change Reaching target to breakeven target Operating income 23.1 12.7 82.0% Comparison with 2006 distorted due to restructuring Operating expenses (28.4) (30.3) (6.3%) Positive trend in op
Slide 50: CEE/Ukraine FY 07 highlights
CEE/Ukraine FY 07 highlights ERSTE GROUP Strong operating growth continues Development programme covering 12 specific Ukraine 2007 2006 Change projects progressing as planned Operating income 12.8 0.0 na Number of branches increases to >70; additional 52 new branches in the pipeline Operating expens
Slide 51: Core segments Int'l Business and Corp. Center – FY 07 highlights
Core segments Int’l Business and Corp. Center – FY 07 highlights ERSTE GROUP International Business Corporate Center Stable operating performance continues (+0.6%) NII impacted by 2 factors: Effect reporting according to IAS 39 (unwinding) for FY 07 was Net profit improves by 3.1% allocated to the C
Slide 52: 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 2007 2006 Change 2007 2006 Change 2007 2006 Change 2007 2006 Change Net profit after minorities 438.3 374.7 17.0% 276.4 226.2 22.2% 123.1 114.1 7.9% 98.5 92.5
Slide 53: Financials (IFRS) of CEE subsidiaries – Ceska sporitelna
Financials (IFRS) of CEE subsidiaries Reská spoTitelna * ERSTE GROUP in EUR million 2007 2006 Change Net interest income 891.0 763.3 16.7% Risk provisions for loans and advances (79.8) (53.7) 48.7% Net fee and commission income 354.5 330.9 7.1% Net trading result 62.5 56.3 11.0% General administrati
Slide 54: Financials (IFRS) of CEE subsidiaries (cont) – Banca Comerciala Romana
Financials (IFRS) of CEE subsidiaries (cont) Banca ComercialU RomânU (post restruct.costs) * ERSTE GROUP Net interest income 587.0 504.3 16.4% Risk provisions for loans and advances (49.2) (47.1) 4.4% Net fee and commission income 256.4 169.4 51.4% Net trading result 76.5 78.6 (2.7%) General adminis
Slide 55: Financials (IFRS) of CEE subsidiaries (cont) – Slovenska sporitelna
Financials (IFRS) of CEE subsidiaries (cont) Slovenská sporiteWXa * ERSTE GROUP in EUR million 2007 2006 Change Net interest income 313.2 261.7 19.7% Risk provisions for loans and advances (42.0) (18.1) >100.0% Net fee and commission income 95.8 90.9 5.4% Net trading result 20.9 23.0 (9.1%) General
Slide 56: Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Hungary
Financials (IFRS) of CEE subsidiaries (cont) Erste Bank Hungary * ERSTE GROUP in EUR million 2007 2006 Change Net interest income 271.3 267.1 1.6% Risk provisions for loans and advances (70.2) (35.8) 96.2% Net fee and commission income 133.4 92.6 44.1% Net trading result 37.6 35.5 5.9% General admin
Slide 57: Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Croatia
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Croatia * ERSTE GROUP in EUR million 2007 2006 Change Net interest income 162.3 116.8 38.9% Risk provisions for loans and advances (20.2) (12.3) 64.6% Net fee and commission income 49.4 29.7 66.6% Net trading result 18.3 19.8 (7.6%) General a
Slide 58: Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Serbia
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Serbia * ERSTE GROUP in EUR million 2007 2006 Change Net interest income 17.5 10.1 73.5% Risk provisions for loans and advances 0.1 (11.3) na Net fee and commission income 5.4 4.6 18.6% Net trading result 1.5 (0.9) na General administrative e
Slide 59: Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Ukraine
Financials (IFRS) of CEE subsidiaries (cont) – Erste Bank Ukraine * ERSTE GROUP in EUR million 2007 2006 Change Net interest income 22.9 3.5 na Risk provisions for loans and advances (10.3) (0.4) na Net fee and commission income 1.1 0.0 na Net trading result 5.7 0.0 na General administrative expense
Slide 60: Erste Group historic financials – Quarterly income statement (IFRS)
Erste Group historic financials – Quarterly income statement (IFRS) ERSTE GROUP in EUR million Q1 06 Q2 06 Q3 06 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Net interest income 724.0 757.8 779.7 927.8 903.7 953.8 986.6 1,101.7 Net fee and commission income 342.2 355.5 338.8 409.4 438.9 446.0 469.3 503.7 Net tradi
Slide 61: Erste Group historic financials – Quarterly balance sheet (IFRS)
Erste Group historic financials – Quarterly balance sheet (IFRS) ERSTE GROUP in EUR million Mar 06 Jun 06 Sep 06 Dec 06 Mar 07 Jun 07 Sep 07 Dec 07 Cash and balances with central banks 2,787 2,658 2,355 7,378 6,861 6,753 7,311 7,615 Loans and advances to credit institutions 18,604 19,890 18,307 16,6
Slide 62: Quarterly segment reporting – Overview of main segments
Quarterly segment reporting – Overview of main segments ERSTE GROUP in EUR million Austria Central and Eastern Europe Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Net interest income 415.2 398.9 408.2 412.6 429.6 496.8 473.5 516.0 548.7 602.0 Risk provisions (60.6) (80.0) (66.1) (72.2
Slide 63: Quarterly segment reporting – Austria sub-segments
Quarterly segment reporting – Austria sub-segments ERSTE GROUP in EUR million Savings Banks Retail & Mortgage Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Net interest income 217.6 206.5 213.5 221.6 223.0 137.9 136.6 136.0 135.7 144.5 Risk provisions (38.0) (43.1) (39.5) (42.9) 29.3 (
Slide 64: Quarterly segment reporting – Central and Eastern Europe sub-segments (1)
Quarterly segment reporting – Central and Eastern Europe sub-segments (1) ERSTE GROUP in EUR million Czech Republic Romania Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Net interest income 189.9 191.8 195.2 214.4 233.4 127.8 119.4 136.7 143.6 168.5 Risk provisions (20.0) (14.3) (18.3)
Slide 65: Quarterly segment reporting – Central and Eastern Europe sub-segments (2)
Quarterly segment reporting – Central and Eastern Europe sub-segments (2) ERSTE GROUP in EUR million Croatia Serbia Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Net interest income 30.7 33.9 40.3 41.1 44.0 3.7 3.6 3.4 4.6 4.6 Risk provisions (2.0) (2.4) (3.5) (5.8) (6.1) (1.7) (0.6) 0
Slide 66: 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 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 Total own funds pursuant to 1 § Austria
Slide 67: Shareholder structure – Total number of shares: 316,288,945
Shareholder structure – Total number of shares: 316,288,945 ERSTE GROUP By investor By region Austria Verein Others Capital Research 4.9% Continental Europe 2.7% and Mgmt. DIE ERSTE 11.7% > 5.0% österreichische Spar-Casse Privatstiftung 30.5% UK & Ireland 12.7% Austria 53.8% Institutional investors
Slide 68: Investor relations contacts
Investor relations contacts ERSTE GROUP Erste Bank, Graben 21, 1010 Vienna Fax +43 (0)5 0100-13112 E-mail: investor.relations@erstebank.at Internet: www.erstebank.com Reuters: ERST.VI Bloomberg: EBS AV Datastream: O:ERS ISIN: AT0000652011 Investor relations Gabriele Werzer Tel: +43 (0)5 0100-11286 e