Mbank Sa · GPW:MBK
Mbank Sa — BRE Bank — Q1 2010 Earnings Presentation
68 slides from Mbank Sa's earnings presentation, Apr 28, 2010
Slide 1: Results of BRE Bank Group Q1 2010
Results of BRE Bank Group Q1 2010 Returning to profitable growth Management Board of BRE Bank Presentation for Investors and Analysts 28 April 2010 1
Slide 2: Disclaimer
Disclaimer This presentation is for information and promotional purposes only and under no circumstances shall constitute the basis for a decision to invest in the shares of BRE Bank S.A. (the “Bank”) in the contemplated rights issue offering. This presentation does not constitute an offer to sell,
Slide 3: Agenda
Agenda Summary of Q1/10 Update on Rights Issue Business Environment Analysis of Q1/10 results Beyond Q1/10 Appendix Detailed Results of Business Lines Q1/10 Additional Information: Selected Financial Data 3
Slide 4: Highlights of Q1/2010 in BRE Bank Group
Highlights of Q1/2010 in BRE Bank Group 1 Profitable growth: pre-tax profit +93% QoQ and +53% YoY 2 Customer growth: continued success in client acquisition 3 Loan loss provisions: decrease continued 4 Cost discipline: maintained as planned 5 Rights issue: process well on track 4
Slide 5: Summary of Q1/2010 in BRE Bank Group
Summary of Q1/2010 in BRE Bank Group Key Financials Profit before tax Q1/10 PLN 157.8 M ROE before tax Q1/10 14.7% Cost/Income (C/I) Q1/10 51.4% Capital adequacy ratio Q1/10 12.17% 5
Slide 6: Profitability of the Business Lines
Summary of Q1/2010 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 Up -62% +1.3% x 14 60.9 109.0 74.0 PZU 56.4 dividend 96.2 25.7 26.1 23
Slide 7: Development of Loans to Clients
Summary of Q1/2010 in BRE Bank Group Development of Loans to Clients Development of Gross Loans Structure of Gross Loans Portfolio (PLN B) as at 31 March 2010 -2.6% BRE - Individual clients 53.1% BRE - others -0.1 -0.9 -0.4 1.2% BBH -0.3% -3.7% -20.5% BRE Bank 7.4% 54.4 QoQ QoQ QoQ 53.0 82.1% Factor
Slide 8: Development of Deposit Base
Summary of Q1/2010 in BRE Bank Group Development of Deposit Base Development of Deposits Structure of Amounts Due to Clients (PLN B) as at 31 March 2010 +5.0% BRE - Individual clients +1.4 +0.3 +0.5 56.6% BBH 0.5% Factoring +5.7% +1.5% +185.7% BRE Bank companies QoQ QoQ QoQ 0.6% 44.9 97.4% 42.8 DI B
Slide 9: Business Development: Corporates & Institutions
Summary of Q1/2010 in BRE Bank Group Business Development: Corporates & Institutions Net Commission Income Revenue declined by 5.2% QoQ Revenue* Net Interest Income** (revenue before costs (PLN M) (PLN M) mainly due to excl. LLP, PLN M) seasonal and temporary factors +0.1% +6.9% Net interest inc
Slide 10: Business Development: Retail Banking
Summary of Q1/2010 in BRE Bank Group Business Development: Retail Banking Revenue up by 14.2% QoQ Revenue Net Interest Income* Net Commission Income (before costs excl. LLP, (PLN M) (PLN M) mainly thanks to PLN M) higher net commission income 19.6% 4.3% 192.7% Net interest income stable QoQ 14.2
Slide 11: Agenda
Agenda Summary of Q1/10 Update on Rights Issue Business Environment Analysis of Q1/10 results Beyond Q1/10 Appendix Detailed Results of Business Lines Q1/10 Additional Information: Selected Financial Data 11
Slide 12: Update on Rights Issue: Process Well on Track
Update on Rights Issue Process Well on Track Planned timetable of rights issue March April May June 01 30 31 18 Second week of May: End of June 5 1Announcement March of rights issue (i) Expected KNF decision Rights issue completed and update on strategy on Prospectus (ii) Pricing of the issue 18 May
Slide 13: Agenda
Agenda Summary of Q1/10 Update on Rights Issue Business Environment Analysis of Q1/10 results Beyond Q1/10 Appendix Detailed Results of Business Lines Q1/10 Additional Information: Selected Financial Data 13
Slide 14: Banking Sector Expected to Rebound in H2/10
Q1/10: Business Environment Banking Sector Expected to Rebound in H2/10 Corporate loans’ dynamics continues to fall, Household loans’ dynamics shows stabilization, whereas corporate deposits stabilize household deposits growth rate is still in decreasing trend Enterprises Households Corporate loans
Slide 15: Recovery Gradually Gains Momentum
Q1/10: Business Environment Recovery Gradually Gains Momentum Economic recovery continued, excluding one-off effects GDP grew by 3.1% YoY in Q4/09 of harsh winter on construction and retail sales Net exports Consumption Investment GDP growth Production 25 30 Inventories GDP in Poland in industry 20
Slide 16: Agenda
Agenda Summary of Q1/10 Update on Rights Issue Business Environment Analysis of Q1/10 results Beyond Q1/10 Appendix Detailed Results of Business Lines Q1/10 Additional Information: Selected Financial Data 16
Slide 17: Key Financials
Analysis of the Results, Q1/2010 Key Financials (PLN M) Q1/2010 Q4/2009 Change QoQ 1/ Total income 689.0 739.8 -6.9% Total cost (354.1) (458.4) -22.7% 2/ Operating profit 334.8 281.4 +19.0% Net provisions (177.1) (199.5) -11.3% Profit before tax 157.8 81.9 +92.6% 3/ Net profit 115.4 40.8 +183.0% Tot
Slide 18: Income of BRE Bank Group
Analysis of the Results, Q1/2010 Income of BRE Bank Group BRE Bank Group Income QoQ & YoY Structure of BRE Bank Group Income (PLN M) by Business Line, Q1/10 +2.5% -6.9% Trading and -6.5% +14.4% -99.7% +16.1% -/+ Investment QoQ QoQ QoQ QoQ QoQ Corporates Activity; 0.0 28.0 and PLN 45 M; Institutions;
Slide 19: Costs of BRE Bank Group
Analysis of the Results, Q1/2010 Costs of BRE Bank Group Overhead Costs + Depreciation of BRE Bank Group QoQ & YoY Cost Structure by Business Line (PLN M) in Q1/10 -1.4% -22.7% Trading and Investment Retail 458.4 -9.7% -35.9% -28.1% +26.3% Activity; Banking; One-off costs QoQ QoQ QoQ QoQ PLN 15 M; P
Slide 20: Structure of Loan Loss Provisions
Analysis of the Results, Q1/2010 Structure of Loan Loss Provisions Continued decrease of LLP in Q1/2010 BRE Bank Group’s Impairment Losses on Loans and Advances Level of LLP in Q1/10 influenced by: (PLN M) - Provisions on corporate portfolio significantly down due to adequate provisioning in previ
Slide 21: Funding - Maturity of Long- and Midterm FX Loans
Analysis of the Results, Q1/2010 Funding - Maturity of Long- and Midterm FX Loans Further significant improvement of funding profile achieved Since 2010 mid-term loans in the amount Maturity of Long- and Mid-term FX Loans by the end of 2011 of CHF 1.5 B primarily maturing in 2010 and 2011 (PLN B,
Slide 22: Agenda
Agenda Summary of Q1/10 Update on Rights Issue Business Environment Analysis of Q1/10 results Beyond Q1/10 Appendix Detailed Results of Business Lines Q1/10 Additional Information: Selected Financial Data 22
Slide 23: Beyond Q1/2010 in BRE Bank Group
Beyond Q1/2010 in BRE Bank Group 1 Close rights issue in Q2/2010 2 Focus on continuous implementation of new strategy 3 Deploy attractive deposit base and leverage cross-sell 4 Exploit further opportunities as credit demand revives 23
Slide 24: Agenda
Agenda Summary of Q1/10 Update on Rights Issue Business Environment Analysis of Q1/10 results Beyond Q1/10 Appendix Detailed Results of Business Lines Q1/10 Additional Information: Selected Financial Data 24
Slide 25: Appendix
Appendix Additional Information: Page No. Detailed Results of the Business Lines Page No. Selected Financial Data & Business Environment BRE Bank Retail Banking 26-37 P&L acc. to IFRS 52 Summary of Q1/10 27 Results of Subsidiaries 53 Customer Acquisition & Volume Trends 28-29 Interest Income 54 Acqu
Slide 26: Detailed Results of the Business Lines Q1/10: Retail Banking
Appendix Detailed Results of the Business Lines Q1/10 Retail Banking 26
Slide 27: BRE Bank Retail Banking: Summary of Q1/10 Financial Results
Appendix BRE Bank Retail Banking Summary of Q1/10: Financial Results Retail Banking - total Contributors to the Profit before Tax of Retail Banking Profit before Tax of the Segment in Q1/10 (by quarter, PLN M) mBank Cz & SK (PLN M) -17.2 -21.5 -19.3 70.0 -24.5 -21.7 70.9 -16.0 -28.4 69.3 86.7 57.5 4
Slide 28: Customer Acquisition and Volume Trends (Poland)
Appendix BRE Bank Retail Banking (Poland) Customer Acquisition and Volume Trends Data as at 31.03.2010 End of Q4/09 Change End of Q1/10 (M) 5 2.9 M +3.4% 3.0 M 4 clients 3 2 1 3.9 M accounts +5.1% 4.1 M 0 Customers Accounts Private Banking MultiBank 20.0 B deposits (PLN) +8.5% 21.7 B (PLN B) mBank (
Slide 29: Customer Acquisition and Volume Trends (CZ/SK)
Appendix BRE Bank Retail Banking (CZ/SK) Customer Acquisition and Volume Trends Data as at 31.03.2010 End of Q4/09 Change End of Q1/10 (thou.) 1 000 800 600 389.8 thou. clients +8.8% 424.0 thou. 400 200 0 775.1 thou. accounts +9.2% 846.4 thou. Clients Accounts (EUR M) (EUR M) 1.14 B deposits (EUR) +
Slide 30: Acquisition of Microenterprises
Appendix BRE Bank Retail Banking Acquisition of Microenterprises* 367 thousand microenterprises serviced by BRE Bank Retail Banking Number of Microenterprises at BRE Bank Retail Banking (thou.) 90.8 94.0 82.0 86.4 78.0 73.9 Number of serviced microenterprises 62.3 up by 11.1 thousand in Q1/10 50.8
Slide 31: Deposits & Loans: Market Share
Appendix BRE Bank Retail Banking Deposits & Loans: Market Share BRE Retail Deposits BRE Retail Loans (PLN B) (PLN B) 02/10: 02/10: 5.5% 6.6% 1.4% 2.9% 3.3% 3.9% 4.8% 5.4% 5.3% 1.2% 2.1% 3.0% 4.5% 5.4% 6.9% 6.7% 25 400 35 450 22,5 32,5 350 400 30 20 27,5 350 300 17,5 25 300 250 22,5 15 20 250 12,5 20
Slide 32: Mortgage Loans: Portfolio Structure and Quality
Appendix BRE Bank Retail Banking Mortgage Loans: Portfolio Structure and Quality BRE Bank’s Mortgage Loans Portfolio Currency Structure of the Retail Banking Mortgage (Retail Banking* loans to individuals) Loans Portfolio (Household Loans) at 31.03.2010 Total PLN FX 11% Balance-sheet value 21.06 2.2
Slide 33: Distribution Network
Appendix BRE Bank Retail Banking Distribution Network Aspiro Distribution Network MultiBank Branches (in Poland) (in Poland) Total: Total: 7 24 54 67 103 161 142 134 35 46 72 84 109 131 134 134 52 58 59 77 54 46 44 27 38 34 65 65 4 68 13 79 76 75 61 65 42 40 22 46 31 33 38 7 23 23 14 15 15 16 2 2003
Slide 34: mBank – eBroker, MultiBank – Brokerage Service
Appendix BRE Bank Retail Banking mBank – eBroker, MultiBank – Brokerage Service Investment Accounts (thou.) 151 Dynamic growth 145 137 131 123 115 of brokerage services 83 90 96 104 for Retail Banking 62 74 customers 46 34 24 28 14 15 16 17 18 19 19 20 21 14 17 9 11 12 2 3 4 7 eMakler trading reac
Slide 35: BRE Ubezpieczenia (BRE Insurance)
Appendix BRE Ubezpieczenia (BRE Insurance) Bancassurance Retail Direct Insurance (Internet platform) Co-operation with BRE Leasing Gross Written Premium (PLN M) Gross Written Premium (PLN M) Gross Written Premium (PLN M) +115% +30% -7.8% 1 6 4 .3 2 6 .4 2 4 .4 2 0 .3 1 5 .6 7 5 .6 Q 1/09 Q 1/10 Q 1/
Slide 36: 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) 58.4 thou. was launched on 13 February 2007 car insuran
Slide 37: Net Sales by Quarters
Appendix BRE Bank Retail Banking (Poland) Net Sales by Quarters mBank/PL Clients Deposits Loans (thou.) +3.2% (PLN M) +8.4% (PLN M) -0.4% 75 1 061 240 220 11 84 1304 -44 35 64 1 224 84 461 -443 571 2 371 13 770 11 758 11 714 2 296 12 709 10 903 2 035 10 896 08 09 09 09 09 09 10 10 08 09 09 09 09 09
Slide 38: Detailed Results of the Business Lines Q1/10: Corporates & Financial Markets
Appendix Detailed Results of the Business Lines Q1/10 Corporates & Financial Markets 38
Slide 39: Corporates and Financial Markets: Summary of Q1/10 Financial Results
Appendix Corporates and Financial Markets Summary of Q1/10: Financial Results Contributors to the Result before Tax Result before Tax of the Segment of Corporates & Financial Markets in Q1/10 (by quarter, PLN M) (PLN M) Subsidiaries Institutions Financial Others*** Corporations Financial Liquidity M
Slide 40: Customer Acquisition and Volume Trends
Appendix Corporates and Institutions Customer Acquisition and Volume Trends End of 12/09 Change End of 03/10 Corporate Loans (PLN B) corporate 12 836 clients -0.4% 12 783 corporate 14.0 13.6 23.4 B loans (PLN) -3.7% 22.6 B 12/09. 03/10. thereof loans for 14.0 B enterprises (PLN) -3.4% 13.6 B Corpora
Slide 41: 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 – 03/10 Corporate* Deposits Volume 12,0% (BRE Bank only, PLN B) 10,0% 9.3% 12.9 12.7 13.3 12.45 14.0 14.2 13.7 13.1 13.3 14.6 14.6 12.23 10.7 10.9 8,0% 6,0% 6.3% 4,0%
Slide 42: 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 15.6 15.9 13.8 16.4 15.7 17.1 17.1 10% 11% 10% 10% 12% 13% 13% 11% 13% 14% 16% 15% 44% 39% 52% 52% 55%
Slide 43: Client Base
Appendix Corporates and Institutions Client Base Corporate Clients: Number and Structure 12 846 13 098 13 081 12 990 12 992 12 836 12 783 K1 946 K1 968 K1 960 K1 905 K1 908 K1 898 K1 993 The total number of corporate clients K2 K2 K2 K2 K2 K2 3 896 3 883 3 852 3 875 K2 at the end of Q1/10 was 12 7
Slide 44: 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 +2.3% +2.7% +2.4% 617 63
Slide 45: Products with EU Financing and Financial Instruments
Appendix Corporates and Institutions Products with EU Financing and Financial Instruments Sales of Banking Products Product Pillar with EU Financing of Financial Instruments* In Q1/10, the sales of products The revenue on the Product Pillar related with EU funds accounted for 23.4% of Financial
Slide 46: Leasing and Factoring
Appendix Corporates and Institutions Leasing and Factoring Intermarket Group Sales of Intermarket Group Companies Intermarket Group companies* (EUR B) PLN 5.7 M of pre-tax profit in Q1/10 (- 6.5% QoQ); +8.3% significant improvement vs. Q1/09 when an extraordinary write-off (impairment in the forme
Slide 47: 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 3 923 +11.7% 76 70 73 63 61 73 70 704 729 726 724 58 +88.5% 702 625 693 574 3 567 3 757 3 668 3 521 3171 3 380 3172 11.5 2
Slide 48: Dom Inwestycyjny BRE Banku (DI BRE)
Appendix Corporates and Institutions Dom Inwestycyjny BRE Banku (DI BRE) Number of Accounts with DI BRE End of 03/10 (thousand) Profit before tax at PLN 8.993 M at the end of Q1/10 compared to PLN 5.145 M at the end of Q1/09 DI BRE accounts 25.1 Sustained strong market position in main segments
Slide 49: Proprietary Investments Portfolio
Appendix Corporates and Institutions Proprietary Investments Portfolio Major Equity Investments Equity Stake at 31.12.2009 BRE Gold FIZAN 100.00% At the end of Q1/2010, Garbary Sp. z o.o. 100.00% value at cost of proprietary investments and mezzanine portfolio reached PLN 195.9 M Portfolio Value (
Slide 50: 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 31.03.2010 (PLN M) Market Market BRE Bank 13 968.9 BRE Bank 11 720.2 6.3% 22.2% 10 675.0 2 878.6 2 828.7 2 362.4 Treasury IRS/FRA Bills and B
Slide 51: Additional Information
Appendix Additional Information: Selected Financial Data 51
Slide 52: Consolidated Profit and Loss Account under IFRS
Appendix Additional Information: Selected Financial Data Consolidated Profit and Loss Account under IFRS PLN thou. By quarter Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Net interest income 397 103 431 487 412 052 417 535 390 537 Net commission income 121 842 158 122 162 758 152 001 173 893 Dividend income - 2 82
Slide 53: Results of Subsidiaries
Appendix Additional Information: Selected Financial Data Results of Subsidiaries Profit before Tax of Consolidated Subsidiaries (PLN M) 19.3 Q1/09 Q1/10 profit 13.9 10.3 11.5 Q1/10 10.0 before tax 8.3 9.0 4.8 5.1 of consolidated 2.7 2.5 2.1 0.7 2.0 1.5 2.7 subsidiaries nt ny i a* um nk ing ku r r me
Slide 54: Net Interest Income & Margin
Appendix Additional Information: Selected Financial Data Net Interest Income & Margin Interest Income Structure Net Interest Income, Q1/10 by Business Line (PLN M) (PLN M) 947.8 842.9 828.2 834.3 821.8 -6.5% 5 43 5 3 1 4 14.9 19 15 17 11 -2.3 133.4 706 643 628 633 597 417.5 390.5 244.5 118 128 142 1
Slide 55: Commission Income
Appendix Additional Information: Selected Financial Data Commission Income Commission Income Structure Net Commission Income, Q1/10 by Business Line (PLN M) (PLN M) 219.7 255.9 259.3 266.3 278.5 +14.4% 36 8.3 28 27 29 24 28 21 21 -0.2 21 14 40 42 42 40 38 98.5 26 28 30 31 20 173.9 78 76 152.0 63 71
Slide 56: Trading Income
Appendix Additional Information: Selected Financial Data Trading Income Contributors of Net Trading Income FX Result Contributors in Q1/10 (PLN M) (PLN M) 140 Retail Banking 120 33.9 Financial Markets 100 Risk & Liquidity 80 Other - 16.8 60 corporate 14.4 40 K3 8.3 7.1 20 K2 0.6 1.6 0.6 0 K1 Origina
Slide 57: 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) 359.1 363.2 364.1 458.4 354.1 12.2 82.3 54.2 53.4 52.1 51.5 14.2 13.3 51.4 15.7 15.4 58
Slide 58: Loans and Deposits
Appendix Additional Information: Selected Financial Data Loans and Deposits Loans Deposits (PLN B, net) (PLN B) -9.3% +27.3% 42.8 44.9 56.2 54.9 38.9 39.4 52.7 52.5 50.9 35.3 -2.3% -4.0% -0.4% -3.0% +10.1% +1.5% +8.5% +5.0% 03/09. 06/09. 09/09. 12/09. 03/10. 03/09. 06/09. 09/09. 12/09. 03/10. BRE* M
Slide 59: Loan to Deposit Ratio
Appendix Additional Information: Selected Financial Data Loan to Deposit Ratio The ratio of loans to deposits stood at 113.3% in Q1/10. 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 f
Slide 60: 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) 81.2 80.9 78.6 81.0 84.8 0.7 0.6 4.4 0.6 1.3 1.1 5.5 6.9 6.4 3.6 2.4 6.1 2.9 2.5 3,5 6.4 15.0 9.8 11.2 13.1 5
Slide 61: Balance Sheet Analysis - Liabilities
Appendix Additional Information: Selected Financial Data Balance Sheet Analysis - Liabilities Structure of Liabilities Structure of Deposits (PLN B) (PLN B) 81.2 80.9 78.6 81.0 84.8 7.9 0.7 7.5 0.2 11.7 9.2 4.5 8.1 4.3 1.4 0.4 0.5 4.1 4.2 4.1 1.4 1.6 1.5 0.4 17.7 1.8 17.5 26.1 25.0 17.2 16.5 27.2 25
Slide 62: Capital Adequacy Ratio (CAR) in Q1/10
Appendix Additional Information: Selected Financial Data BRE Bank Group’s Capital Adequacy Ratio (CAR) in Q1/10 Relation between Capital Adequacy Ratio (CAR) Change of CAR under Basel II and Risk Weighted Assets (RWA) 90 12% 80 11% +25 bps +42 bps 70 10% 60 9% 50 8% 40 7% 11.50% 12.17% 30 6% 20 5% 1
Slide 63: Capital Adequacy Ratio under NCA
Appendix Additional Information: Selected Financial Data Capital Adequacy Ratio under NCA Capital Adequacy Ratio under NCA Capital Requirement Q4/07 Q4/08 Q4/09 Q1/10 (PLN M) Basel I Basel II Basel II Basel II Credit risk 2 998 4 177 3 886 3 815 Market risk 93 89 46 40 Operational risk - 326 375 375
Slide 64: 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) (%) -269.1 -1 097.1 5,5 5,2 5,3 5,5 5.1 5 -22 4.7 4,8 4,5 4.4 4,5 -46 4 4 -71 4 3.9 3.8 4 3.5 3.4 3,5 -131 3,5 3.5 3 2.9
Slide 65: 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 82.1 130.5 126.1 101.9 103.5 127.9 308.3 122.7 97.6 73.6 Q1/09 Q2/09 Q3/09 Q4/09 2009 Q1/10 Q1/09 Q2/09 Q3/
Slide 66: Structure of BRE Bank's Risk Portfolio
Appendix Additional Information: Selected Financial Data Structure of BRE Bank’s Risk Portfolio Quality 4.6% 3.6% 3.6% 3.4% 2.8% 2.8% 3.4% 4.8% 5.9% 5.9% 6.3% of the Loans and Default 4.8 Portfolios 1.9 1.5 1.4 1.4 1.4 1.6 2.3 3.5 4.0 4.7 100% 98.1 98.5 98.6 98.6 98.6 98.4 97.7 96.5 96.0 95.3 95.2 8
Slide 67: NPLs: Portfolio Structure
Appendix Additional Information: Selected Financial Data NPLs: Portfolio Structure* 6.3% of NPLs in the portfolio (balance-sheet) at the end of Q1 2010 03/10 12/09 03/09 Expo- % Provi- Expo- % Provi- Expo- % Provi- sure sions % sure sions % sure sions % PLN B coverage PLN B coverage PLN B coverage A
Slide 68: 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