Erste Bank Polska S.a. · GPW:EBP
Erste Bank Polska — Bank Zachodni WBK — Merger or Acquisition (December 2013)
8 slides from Erste Bank Polska's merger presentation, Dec 20, 2013
Slide 1: Bank Zachodni WBK - AVIVA Revised Bancassurance Model
Bank Zachodni WBK - AVIVA Revised Bancassurance Model 20th December, 2013
Slide 2: Forward-looking statements disclaimer
Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic perform
Slide 3: Bancassurance Business Model
Bancassurance Business Model In 2007 BZ WBK and AVIVA entered into a 15 year co-operation agreement and established two JV companies: BZ WBK-AVIVA Towarzystwo Ubezpieczeń na Życie S.A. (“TU S.A.”) BZ WBK-AVIVA Towarzystwo Ubezpieczeń Ogólnych S.A. (“TUO S.A.”), The purpose of the strategic co-operat
Slide 4: Re-negotiation of the Bancassurance Model
Re-negotiation of the Bancassurance Model Both parties agreed that two key developments had increased the value of the Insurance JV’s: The merger with Kredyt Bank, resulting in: An enlarged branch network through which the JV insurance products can be distributed; An increased number of BZ WBK custo
Slide 5: Re-negotiation of the Bancassurance Model
Re-negotiation of the Bancassurance Model The increase in value of the JV’s provides a benefit to both parties (in the form of a higher value of the Insurance JVs, of which each partner owns 50%) and in this case BZ WBK is the party that is contributing the value increase. In order to reflect this,
Slide 6: Financial Impact of the Transaction
Financial Impact of the Transaction As BZ WBK has acquired control over both JV entities; full consolidation will apply for financial reporting purposes. The transaction will generate a profit in the consolidated profit and loss account estimated in the amount of PLN 420m and PLN 336m on pre-tax and
Slide 7: Summary
Summary The revised strategic co-operation agreement between BZ WBK and AVIVA: Strenghtens the existing successful relationship between the parties. Reflects the increased value of the core Bancassurance model in the enlarged BZ WBK Group post merger with Kredyt Bank. Creates additional value in the
Slide 8: Contact
Contact: Eamonn Crowley Chief Financial Officer eamonn.crowley@bzwbk.pl Agnieszka Dowżycka Investor Relations Director agnieszka.dowzycka@bzwbk.pl Tel. 48 61 856 45 21 8
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