Slide 1: Results of BRE Bank Group Q1-Q4 2012
Results of BRE Bank Group Q1-Q4 2012 2012 goals achieved Management Board of BRE Bank SA Presentation for Investors and Analysts February 8, 2013
Slide 2: Key highlights of 2012
Key highlights of 2012 Profit higher v. 2011 and resumption of dividends 1 PLN 1,203 M, up 6.0% Client growth maintaining momentum 2 4.134 M retail clients (+0.2 M) and 15,095 corporate clients (+1,118) Basel III ready fortress Balance Sheet 3 Core Tier 1 at 13.0%, CAR at 18.7% Strong funding
Slide 3: Profit higher v. 2011 and resumption of dividends
1 Profit higher v. 2011 and resumption of dividends 3,074 47.7% 3,007 46.4% 840 840 Improved 1,680 1,661 efficiency Resilient 2,167 2,234 despite core revenues significant 2011 2012 2011 2012 investment in NFC C/I ratio future growth NII Total costs 66 16.4% 14.6% 60 1,135 1,203 Solid 455 82* profit
Slide 4: Client growth maintaining momentum
2 Client growth maintaining momentum +209 Retail +243 4,134 banking 3,682 3,925 0.6 M 0.6 M 606 559 +3.4% YoY +8.4% YoY 504 Retail mBank CZ/SK clients 3,178 3,366 3,528 2.9 M 4.4 thou. +5.1% YoY +7.3% YoY (in thou.) 2010 2011 2012 +1,118 +706 Corporate 15,095 13,271 13,977 1,228 banking 741 292 thou
Slide 5: Basel III ready fortress balance sheet
3 Basel III ready fortress balance sheet Core Tier 1 CAR 13.0% 12.6% 18.7% 18.6% A balance 11.2% 15.0% 16.2% sheet that 9.6% significantly surpasses regulatory 2011 2012 2012 2012 2011 2012 2012 2012 requirements Standardized method AIRB method Fully loaded Basel III 146% 73% 70% 118% Full 109% 113%
Slide 6: Strong funding profile further diversified
4 Strong funding profile further diversified BRE Bank Group’s structure of funding evolution 2010 4% 2011 6% 2012 9% 4% 4% 2% 3% 30% 30% 36% 35% 30% 23% 57% 60% 63% 27% 30% 27% Retail deposits Corporate deposits Medium & long-term FX funding EMTN Subordinated liabilities Other (CHF M) -10.5% 125.9%
Slide 7: One Bank Strategy to drive strong and sustainable performance
5 One Bank Strategy to drive strong and sustainable performance One Brand One Network Number of branches Better use of existing infrastructure without The 3 main brands BRE Bank 181 further expansion of Growth Potential operated by BRE Bank One network the distribution to be replaced network T
Slide 8: Agenda
Agenda BRE Bank Group in 2012 Summary of Q4/12 Analysis of Q4/12 Results Macroeconomic Update & 2013 Outlook Appendix Additional Information: Selected Financial Data Detailed Results of Business Lines Summary of 2012-2016 Strategy 8
Slide 9: Summary of 2012 Results: Key Financials
BRE Bank Group in 2012 Summary of 2012 Results: Key Financials in PLN M 2011 2012 Change BRE Analyzer Core income1) 3,007.2 3,073.5 +2.2% Total income2) 3,520.9 3,578.1 +1.6% Total costs (1,680.3) (1,661.4) -1.1% Loan Loss Provisions (373.5) (444.6) +19.1% / -2.3%3) Profit before tax 1,467.1 1,472.1
Slide 10: Development of Loans and Deposits
BRE Bank Group in 2012 Development of Loans and Deposits BRE Analyzer Loans affected by slower economy, deposits supported by new client inflows Development of Gross Loans Development of Deposits (PLN M) (PLN M) -0.9% +6.9% YoY YoY +2.8% 57,984 70,240 69,588 3,661 54,244 501 3,366 528 -8.0% -5.1% 24
Slide 11: Development of P&L items
BRE Bank Group in 2012 Development of P&L items BRE Analyzer Improving revenues and proven cost management Development of Income Development of Costs (PLN M) (PLN M) +1.6% 47.7% 46.4% YoY YoY 3,521 3,578 -1.1% 514 504 1,680 1,661 -1.8% 87 93 +6.0% 209 196 840 840 -6.3% 0.0% 574 564 +2.6% -1.6% 2,167
Slide 12: Product innovations
BRE Bank Group in 2012 Product innovations Corporate banking Retail banking iBRE FX Trading Platform - Mobile transfers to any enables customers to conduct recipient - introduced to all Q1 spot and forward FX transactions of mBank’s mobile apps Escrow accounts for developers – designed to Payments a
Slide 13: Awards & distinctions
BRE Bank Group in 2012 Awards & distinctions BRE Bank Group was appreciated by both clients and external experts mBank with “Golden Banker” Best Private DI BRE - award granted by Internet users Banking in Poland Brokerage Q1 House of “Bank of the Last 20 Years” “The Best Bank of the the Year in the
Slide 14: Share performance summary
BRE Bank Group in 2012 Share performance summary BRE Bank’s share price among the best performing bank stocks in Poland 2012 peer share performance BRE Bank’s share performance vs. indices 140 * +68.4% +32.5% 130 +44.8% +22.6% 120 +20.4% +32.5% +12.0% 110 +18.6% 100 +16.3% 90 +15.8% 80 +14.9% 70 +7.
Slide 15: Agenda
Agenda BRE Bank Group in 2012 Summary of Q4/12 Analysis of Q4/12 Results Macroeconomic Update & 2013 Outlook Appendix Additional Information: Selected Financial Data Detailed Results of Business Lines Summary of 2012-2016 Strategy 15
Slide 16: Summary of Q4/12 Results: Key Financials
Summary of Q4/12 Results in BRE Bank Group Key Financials in PLN M Q4/12 Q3/12 Change Q4/Q3 Q4/11 BRE Analyzer Core income1) 750.8 777.1 -3.4% 774.4 Total income2) 822.9 917.7 -10.3% 891.3 Total costs (434.0) (428.4) +1.3% (435.5) Loan Loss Provisions (89.0) (134.9) -34.0% (89.5) Profit before tax 2
Slide 17: Development of Loans to Clients
Summary of Q4/12 in BRE Bank Group Development of Loans to Clients Lending influenced by a decelerating economy Development of Gross Loans (PLN M) BRE Analyzer -0.9% +2.8% -3.1% QoQ YoY 71,827 -2.8% 70,240 70,436 69,588 67,687 3,271 3,169 3,661 5% 3,366 5% 3,386 +6.2% -8.0% 27,890 40% 28,374 30,727
Slide 18: Development of Deposits
Summary of Q4/12 in BRE Bank Group Development of Deposits Increasing weight of retail deposits Development of Deposits (PLN M) BRE Analyzer +6.9% +7.0% +1.3% +3.9% QoQ YoY 57,229 57,984 54,244 614 501 1% 528 1% 52,190 49,705 578 469 -18.3% -5.1% 24,249 42% 27,937 27,015 50% 24,633 21,259 -13.2% -10
Slide 19: Funding structure details
Summary of Q4/12 in BRE Bank Group Funding structure details A well balanced funding profile BRE Bank Group’s structure of funding BRE Bank Group’s funding strategy as of December 31, 2012 Other Actual funding needs reduced by CHF loan book Retail repayments (c. CHF 350-400 M per annum) Subordinat
Slide 20: Business Development: Corporates & Financial Markets
Summary of Q4/12 in BRE Bank Group Business Development: Corporates & Financial Markets Slowing economy affecting corporate volumes Loans (PLN M) Deposits (PLN M) +1.8% -10.2% -7.6% 30,727 -13.2% 27,890 1,620 28,405 27,937 1,568 27,015 1,560 3,686 24,249 3,706 3,733 Other 3,298 4,595 4,093 2,528 3,7
Slide 21: Business Development: Retail Banking
Summary of Q4/12 in BRE Bank Group Business Development: Retail Banking Focus on client acquisitions and non-mortgage lending Loans (PLN M) Deposits (PLN M) -2.3% +24.5% -0.3% +15.9% 38,689 37,931 37,817 33,234 7,747 8,451 8,645 28,678 53 26,701 2,938 3,676 45 3,714 41 12,122 8,641 9,699 28,004 Non-
Slide 22: Agenda
Agenda BRE Bank Group in 2012 Summary of Q4/12 Analysis of Q4/12 Results Macroeconomic Update & 2013 Outlook Appendix Additional Information: Selected Financial Data Detailed Results of Business Lines Summary of 2012-2016 Strategy 22
Slide 23: Income of BRE Bank Group
Analysis of Q4/12 Results Income of BRE Bank Group Slower revenues further impacted by non-core items BRE Bank Group’s Income (PLN M) BRE -7.7% Analyzer QoQ YoY -10.3% 916.3 921.2 917.7 891.3 30.8 41.3 41.0 20.5 5.4 24.5 822.9 16.0 76.8 97.7 83.3 99.5 3.1 -23.5% -0.9% 0.0 2.6 11.2 76.1 0.0 0.0 205.1
Slide 24: Costs of BRE Bank Group
Analysis of Q4/12 Results Costs of BRE Bank Group Strong efficiency supported by proven cost management Overhead Costs + Depreciation & Amortisation of BRE Bank Group (PLN M) BRE Analyzer -0.3% QoQ YoY +1.3% 435.5 428.4 434.0 18.3 392.1 406.8 20.3 22.7 +11.6% +24.0% 60.2 24.8 45.3 51.4 25.0 50.6 48.
Slide 25: Loan Portfolio Quality
Analysis of Q4/12 Results Loan Portfolio Quality Stable risk indicators remaining well below market levels BRE Bank’s NPL Ratio Value of impaired loan portfolio of BRE Bank Group (%) (PLN M) 8.6% 8.8% 8.8% +10.5% 8.2% 8.4% -3.3% 3,756 3,631 3,287 3,402 3,445 230 5.7% 5.5% 263 5.2% 5.1% 4.9% 3,526 3,
Slide 26: Loan Loss Provisions
Analysis of Q4/12 Results Loan Loss Provisions Cost of risk reflecting early proactive provisioning of problematic exposures BRE Bank Group’s loan loss provisions (PLN M) 79 67 65 54 52 QoQ YoY -0.6% 134.9 111.8 109.0 -60.9% +7.4% 89.5 75.8 89.0 53.6 49.3 27.6 29.7 +0.4% -4.2% 61.9 58.2 59.7 59.1 59
Slide 27: Loan Portfolio Structure
Analysis of Q4/12 Results Loan Portfolio Structure Well diversified loan portfolio with granular structure BRE Bank Group’s Sector Exposure by Industry as of December 31, 2012 (%) Households Real estate management 20.7% Public administration Construction industry 1.2% Transport and travel agencies 1
Slide 28: Key Regulatory Ratios
Analysis of Q4/12 Results Key Regulatory Ratios Switch to AIRB reflecting a proven track record in advanced risk measurement BRE Bank Group’s Capital Adequacy Ratio BRE Bank’s LCR and NSFR 18.7% 18.6% 146% 16.9% 16.2% 15.4% 5.7% 118% 15.0% 14.8% 6.0% 108% 111% 5.3% 103% 106% 5.0% 4.5% 5.4% 4.7% Base
Slide 29: Detailed Development of Core Tier 1 ratio and CAR
Analysis of Q4/12 Results Detailed Development of Core Tier 1 ratio and CAR BRE Bank Group’s Core Tier 1 Ratio (%) +1.79 13.00 +0.88 -0.21 +0.37 +0.02 -0.10 11.21 10.92 10.10 -0.06 0.21 Q2’12 Business FX impact H1’12 net Other Q3’12 Business FX impact Other Q4/12 STA AIRB RWA Q4/12 AIRB development
Slide 30: Agenda
Agenda BRE Bank Group in 2012 Summary of Q4/12 Analysis of Q4/12 Results Macroeconomic Update & 2013 Outlook Appendix Additional Information: Selected Financial Data Detailed Results of Business Lines Summary of 2012-2016 Strategy 30
Slide 31: Macroeconomic Update (1/2)
Macroeconomic Update (1/2) Recession in Poland in the first half of 2013 GDP forecast (% YoY) – BRE, NBP projections, consensus Consumption, aggregate wages and real income (% YoY) 5,0 5.0 14% 4,0 12% 4.0 10% 3,0 3.0 8% 2,0 2.0 6% 1,0 1.0 4% 0,0 2% 0.0 0% -1,0 -1.0 -2% Q1'09 Q3'09 Q1'10 Q3'10 Q1'11
Slide 32: Macroeconomic Update (2/2)
Macroeconomic Update (2/2) Monetary aggregates reflecting recession prospects Corporate loans and deposits (% YoY) Household loans and deposits (% YoY) 40% 70% 30% 60% 50% 20% 40% 10% 30% 20% 0% 10% -10% 0% -20% -10% Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-08 Jul-08
Slide 33: 2013 Outlook – BRE Bank Group
2013 Outlook – BRE Bank Group Implementation of the „One Bank” strategy to ensure sustainable 1 outperformance in an evolving client and regulatory environment Strong capital and ample liquidity underpinning the balance sheet 2 and supporting strategic initiatives Revenue generation to remain in cri
Slide 34: 2013 in forecasts and what it means for BRE Bank Group
2013 in forecasts and what it means for BRE Bank Group Key economic indicators Impact on BRE Bank 2012 2013F NIM (Negative) GDP growth (YoY) 2.0% 0.6% Pressure on deposit margins as rates decrease, but: Domestic demand (YoY) 0.1% 0.7% Proactive deposit management Private consumption (YoY) 0.5% 1
Slide 35: Agenda
Agenda BRE Bank Group in 2012 Summary of Q4/12 Analysis of Q4/12 Results Macroeconomic Update & 2013 Outlook Appendix Additional Information: Selected Financial Data Detailed Results of Business Lines Summary of 2012-2016 Strategy 35
Slide 36: Appendix
Appendix Additional Information: Page No. Detailed Results of the Business Lines & Update on Strategy Page No. Selected Financial Data & Historical Performance Consolidated Profit and Loss Account under IFRS 38 Retail Banking 51-56 Consolidated Statement of Financial Position 39 Summary of Q4/12: Fi
Slide 37: Appendix: Additional Information: Selected Financial Data
Appendix Additional Information: Selected Financial Data 37
Slide 38: Consolidated Profit and Loss Account under IFRS
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Business Lines Consolidated Profit and Loss Account under IFRS 2012-2016 Strategy PLN thou. Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 By quarter Net interest income 569,367 539,304 565,76
Slide 39: Consolidated Statement of Financial Position
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Business Lines Consolidated Statement of Financial Position 2012-2016 Strategy Assets (PLN thousand) Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Cash and balances with Central Bank 1 038 35
Slide 40: BRE Bank Group's Ratios
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Business Lines BRE Bank Group’s Ratios 2012-2016 Strategy Financial Ratios Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Net Interest Margin YtD 2.46% 2.38% 2.43% 2.43% 2.39% Cost to Income R
Slide 41: BRE Bank Group's historical performance (1/3)
Summary Historical outlook Appendix Profit & Loss Balance Sheet BRE Bank Group’s historical performance (1/3) Subsidiaries Business Lines Net interest income Net fee and commission income 2012-2016 Strategy (PLN M) (PLN M) NIM 2.3 2.3 2.3 2.2 2.5 2.4 +8% +17% 840.0 839.9 745.9 2,167.2 2,233.6 1,811.
Slide 42: BRE Bank Group's historical performance (2/3)
Summary Historical outlook Appendix Profit & Loss Balance Sheet BRE Bank Group’s historical performance (2/3) Subsidiaries Business Lines Operating costs Pre-provision income 2012-2016 Strategy (PLN M) (PLN M) 55.5% 55.1% 54.2% 51.8% 47.7% 46.4% C/I ratio +5% +16% 1.617,3 1.680,3 1.661,4 1.550,1 1.5
Slide 43: BRE Bank Group's historical performance (3/3)
Summary Historical outlook Appendix Profit & Loss Balance Sheet BRE Bank Group’s historical performance (3/3) Subsidiaries Business Lines Total assets Equity and CAR 2012-2016 Strategy (PLN B) (PLN M) +13% 10.16% 10.04% 11.50% 15.90% 14.96% 18.73% CAR +23% 98.9 102.2 82.6 90.0 81.0 9,710 56.0 7,077
Slide 44: Net Interest Income & Margin
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Net Interest Income & Margin Business Lines 2012-2016 Strategy Interest Income Structure Interest Expense Structure (PLN M) (PLN M) 1,144.5 1,159.7 604.2 5% 571.4 11.5 2% 1,07
Slide 45: Fee and Commission Income
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Fee and Commission Income Business Lines 2012-2016 Strategy Commission Income Structure (PLN M) QoQ YoY 324.7 320.6 -18.7% -28.2% 315.7 318.4 310.3 38.0 35.6 40.3 43.3 28.9 9%
Slide 46: Trading Income
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Trading Income Business Lines 2012-2016 Strategy Net Trading Income Structure (PLN M) 97.7 99.5 QoQ YoY 9.1 76.8 18.8 83.3 76.1 9.5 +/- -46.7% 85.9 90.4 78.9 80.9 73.8 -10.5%
Slide 47: Balance Sheet Analysis: Assets & Liabilities
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Balance Sheet Analysis: Assets & Liabilities Business Lines 2012-2016 Strategy Structure of Assets Structure of Liabilities (PLN B) (PLN B) 102.2 102.2 98.9 99.8 98.9 99.8 3.5
Slide 48: Balance Sheet Analysis: Currency Structure
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Balance Sheet Analysis: Currency Structure Business Lines 2012-2016 Strategy Currency Structure of Loans (net) Currency Structure of Amounts due to banks and customers1) (PLN
Slide 49: Balance Sheet Analysis: Structure of loans and deposits
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Balance Sheet Analysis: Structure of loans and deposits Business Lines 2012-2016 Strategy BRE Bank Group’s Loan Structure BRE Bank Group’s Deposit Structure as of December 31,
Slide 50: Results of Subsidiaries
Summary Historical outlook Appendix Profit & Loss Balance Sheet Additional Information: Selected Financial Data Subsidiaries Results of Subsidiaries Business Lines 2012-2016 Strategy Profit before Tax of Consolidated Subsidiaries (PLN M) Q4 Q1-Q3 58.6 53.5 12.9 51.0 49.1 10.4 14.5 17.7 37.9 33.2 6.5
Slide 51: Detailed Results of the Business Lines Q4/12: Retail Banking
Summary Historical outlook Appendix Profit & Loss Balance Sheet Subsidiaries Business Lines 2012-2016 Strategy Detailed Results of the Business Lines Q4/12 Retail Banking 51
Slide 52: Retail Banking Summary of Q4/12: Financial Results
Summary Historical outlook Appendix Profit & Loss Balance Sheet BRE Bank Retail Banking Subsidiaries Summary of Q4/12: Financial Results Business Lines 2012-2016 Strategy Profit before Tax of Retail Banking Segment1) Number of Retail Outlets (by quarter, PLN M) 267 266 263 265 262 -23.7% 35 35 35 35
Slide 53: Sales of New Retail Loans to Individuals
Summary Historical outlook Appendix Profit & Loss Balance Sheet BRE Bank Retail Banking Subsidiaries Sales of New Retail Loans to Individuals Business Lines 2012-2016 Strategy Quarterly Sales of Mortgage Loans Quarterly Sales of Non-Mortgage Loans (PLN M) (PLN M) +43% +1% 637.7 -85% 516.5 438.8 76.3
Slide 54: Mortgage Loans: Portfolio Structure and Quality
Summary Historical outlook Appendix Profit & Loss Balance Sheet BRE Bank Retail Banking Subsidiaries Mortgage Loans: Portfolio Structure and Quality Business Lines 2012-2016 Strategy BRE Bank’s Mortgage Loan Portfolio Currency Structure of Retail Banking Mortgage Loan Portfolio (Retail Banking1) loa
Slide 55: BRE Ubezpieczenia (BRE Insurance)
Summary Historical outlook Appendix Profit & Loss Balance Sheet BRE Bank Retail Banking Subsidiaries BRE Ubezpieczenia (BRE Insurance) Business Lines 2012-2016 Strategy Bancassurance Retail Direct Insurance (Internet platform) Gross Written Premiums (PLN M) Gross Written Premiums (PLN M) +219% +9% 3
Slide 56: mBank in the Czech Republic and Slovakia
Summary Historical outlook Appendix Profit & Loss Balance Sheet BRE Bank Retail Banking Subsidiaries mBank in the Czech Republic and Slovakia Business Lines 2012-2016 Strategy Ambitious growth strategy based on Polish success and regional market specifics Loans Deposits Total revenues (PLN M) (PLN M
Slide 57: Detailed Results of the Business Lines Q4/12: Corporates & Financial Markets
Summary Historical outlook Appendix Profit & Loss Balance Sheet Subsidiaries Business Lines 2012-2016 Strategy Detailed Results of the Business Lines Q4/12 Corporates & Financial Markets 57
Slide 58: Corporates and Financial Markets Summary of Q4/12: Financial Results
Summary Historical outlook Appendix Profit & Loss Balance Sheet Corporates and Financial Markets Subsidiaries Summary of Q4/12: Financial Results Business Lines 2012-2016 Strategy Result before Tax of the Segment Corporate Branch Network (by quarter, PLN M) Offices Branches +7.8% 48 48 48 48 48 +5.8
Slide 59: Leasing and Factoring
Summary Historical outlook Appendix Profit & Loss Balance Sheet Corporates and Institutions Subsidiaries Leasing and Factoring Business Lines 2012-2016 Strategy Profit before Tax (PLN M) Factoring contracts (PLN M) -8.8% +16.3% Transfinance 23.1 10,487 21.0 Q4 0.9 9,015 802 3.4 0.3 Factoring 2.7 771
Slide 60: Trading and Investment Activity: Market Shares
Summary Historical outlook Appendix Profit & Loss Balance Sheet Trading and Investment Activity Subsidiaries Business Lines Market Shares 2012-2016 Strategy BRE Bank’s Market Share1) BRE Bank in the Market for Non-Treasury Debt2) in Investment Banking Services for Q4/12 (PLN M) 31,326 8.8% 25,320 24
Slide 61: BRE Bank Hipoteczny (BBH)
Summary Historical outlook Appendix Profit & Loss Balance Sheet Trading and Investment Activity Subsidiaries Business Lines BRE Bank Hipoteczny (BBH) 2012-2016 Strategy Loan Portfolio (PLN M) Profit before Tax Balance-sheet Exposure (net value) (PLN M) -1.0% -0.5% 4,150 4,044 4,115 4,128 4,108 -47%
Slide 62: Dom Inwestycyjny BRE Banku (DI BRE)
Summary Historical outlook Appendix Profit & Loss Balance Sheet Trading and Investment Activity Subsidiaries Business Lines Dom Inwestycyjny BRE Banku (DI BRE) 2012-2016 Strategy Number of Accounts with DI BRE Q4/12 (thou.) DI BRE accounts 51.7 DI BRE Equities Trading eBroker (mBank) (PLN M) 206.3 B
Slide 63: BRE Bank Group's 2012-2016 Strategy Summary
Summary Historical outlook Appendix Profit & Loss Balance Sheet Subsidiaries Business Lines 2012-2016 Strategy BRE Bank Group’s 2012-2016 Strategy Summary One Bank for Customers and Employees 63
Slide 64: Vision of BRE Bank Group
Summary Historical outlook BRE Bank Group’s 2012-2016 Strategy Summary Profit & Loss Balance Sheet Subsidiaries Vision of BRE Bank Group Business Lines 2012-2016 Strategy One Bank for Customers and Employees Organic growth supported by cutting-edge technology, anchored on a healthy balance sheet str
Slide 65: Highlights of BRE Bank Group's Strategy
Summary Historical outlook BRE Bank Group’s 2012-2016 Strategy Summary Profit & Loss Balance Sheet Subsidiaries Highlights of BRE Bank Group’s Strategy Business Lines 2012-2016 Strategy Key initiatives of the Strategy Better use of Unification of branding infrastructure policy Outlets availabl
Slide 66: One brand
Summary Historical outlook BRE Bank Group’s 2012-2016 Strategy Summary Profit & Loss Balance Sheet Subsidiaries One brand Business Lines 2012-2016 Strategy The Bank will strengthen its market image under mBank brand Current situation Future benefits 3 main brands of BRE Bank Group: mBank, BRE Ba
Slide 67: One Network
Summary Historical outlook BRE Bank Group’s 2012-2016 Strategy Summary Profit & Loss Balance Sheet Subsidiaries One Network Business Lines 2012-2016 Strategy Integrated distribution network available to all clients Current situation Number of branches Future benefits PKO BP 1,196 Limited access to
Slide 68: Financial Performance Targets
Summary Historical outlook BRE Bank Group’s 2012-2016 Strategy Summary Profit & Loss Balance Sheet Subsidiaries Financial Performance Targets Business Lines 2012-2016 Strategy An efficient business platform supported by a strong balance sheet Loan to Deposit Assets Income Growth Cost/Income Ratio CA
Slide 69: Further enhancing our reporting standards
Further enhancing our reporting standards BRE Analyzer An innovative and convenient tool to analyse BRE Bank Group’s financial and business data Analyse, customise, export and print selected data on BRE Bank Group, covering all periods since Q1/06 in quarterly and annual series Includes FX Compreh
Slide 70: Contact details
Contact details BRE Bank’s Investor Relations at your service: Relacje.inwestorskie@brebank.pl Wojciech Chmielewski Direct dial: +48 22 829 14 34 Head of Investor Relations Fax: +48 22 829 15 19 E-mail: wojciech.chmielewski@brebank.pl Joanna Filipkowska Direct dial: +48 22 829 04 53 Deputy Head of I