BANK PEKAO S.A. GENERAL PICTURE

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "BANK PEKAO S.A. GENERAL PICTURE"

Transcription

1 BANK PEKAO S.A. GENERAL PICTURE

2 Disclaimer This presentation (the Presentation ) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna ( Bank ) for the clients, shareholders and financial analysts. This presentation should not be treated as an offer or invitation to purchase any securities or financial instruments or as an advice or recommendation in respect to such securities or financial instruments. The presented data are only general information and does not refer to the offered by the Bank products or services. In order to take advantage of the services and products of the Bank, one should be thoroughly familiar with the characteristics of the particular service or product, its rules, risk and legal and tax consequences of the use of particular service or product. The strategy presented in this presentation contains goals which are the ambition of the Management Board and do not constitute any financial results forecast. Rights for the Presentation as a whole are entitled to the Bank. Presentation is a subject to the protection provided by the law, in particular: the Act dated on February 4th, 1994 on Copyright and Related Rights (consolidated text in Journal. Laws of 2006, No. 90, item. 631, as amended); the Act dated on July 27th, 2001 on the Databases protection(journal of Laws No. 128, item. 1402, as amended); the Act dated on April 16, 1993 on Combating Unfair Competition (consolidated text in Journal of Laws of 2003, No. 153, item 1503, as amended) and the Act dated on June 30, 2000 on Industrial Property Law (consolidated text in Journal. Laws of 2003, No. 119, item as amended). This presentation may include forward looking statements, Bank s outlook for the future, future plans and strategies or anticipated events that are not historical facts. Since these statements are based on assumptions, expectations, projections and provisional data about future events, the content is inherently uncertain. Factors that could cause or contribute to differences in current expectations include, but are not limited to: (i) general economic conditions, among which the economic conditions of the business areas and the markets in which Bank and its subsidiaries operate, (ii) the performance of financial markets (iii) changes in laws or regulations and (iv) general competitive conditions locally, regionally, nationally and/or internationally. The Bank does not undertake to publish any updates, modifications or revisions of the information, data or statements contained herein should there be any change in the strategy or intentions of the Bank, or should facts or events occur that affect the Bank s strategy or intentions, unless such reporting obligations arises under applicable laws and regulations. Bank, nor any of its representatives shall not be responsible for any loss or damage it may arise from the use of this Presentation or of any information contained herein or otherwise arising in connection to this Presentation. This presentation is not for the distribution, in or into countries where the public dissemination of the information contained herein may be restricted or prohibited by law. 1

3 Agenda General picture Outlook Appendix 2

4 Bank Pekao snapshot EUR Ranking Retail clients 4.8 m 2 Corporate & SME clients 0.3 m Assets 40.3 bl Loans 30.6 bl 2 Retail PLN loans 10.7 bl 2 Corporate loans 18.2 bl 1 Public sector loans 3.7 bl 1 Deposits 31.2 bl 2 Retail deposits 14.3 bl 2 Position of Pekao (1) 1 2 <= Corporate deposits 16.9 bl # of branches Import / Export 21%/26% 1 Mutual funds 4.0 bl 1 Market cap 9.6 bl 1 Share of Pekao in banking sector Total Revenues 12.3% Operating profit 14.1% Net profit 16.7% 3 NOTE: Financial data as at September 30th, EUR = PLN Number of branches as at September 30th, 2015 (1) Market position of Pekao as at June 30th, Commercial banks only, excluding agencies

5 Solid Pekao fundamentals CT 1 ROE 18,2% 14,0% 11,2% 9,0% Pekao Sector Pekao Sector L/D RATIO C/I RATIO 91,4% 95,9% 47,2% 54,2% Pekao Sector Pekao Sector ROA CoR 1,5% 0,50 0,68 1,0% Pekao Sector Pekao Sector 4 Data as of September 30 th, 2015 Source: NBP reports

6 Market share - Retail Market leader in retail lending Market leader in retail deposits Market share 8.8% 9.8% PLN MORTGAGES (%) CONSUMER LOANS - PEX(%) pp pp 17,8% 8,4% 9,5% 16,3% Dec 10 Sep 15 Dec 10 Sep 15 5 Source: Calculation based on adjusted NBP reporting; Dec 2010 September 2015

7 Market share - Corporate Market share Market leader in corporate lending Market leader in corporate deposits Project finance & Leveraged finance Debt capital market Bonds on Catalyst arranged in 2014 Leader in cash management service Trade finance market 16% 17% 25% 22% 27% 17% 20% 6 NOTE: Market share as at September 30th, 2015,

8 Market position - Bank Pekao vs peers Deposits Loans Capitalisation on the Warsaw Stock Exchange PKO 42,1 PKO 43,7 Pekao 9,56 Pekao 30,3 Pekao 28,4 PKO 8,68 BZWBK 22,6 BZWBK 21,7 BZWBK 6,87 ING 19,8 MBank 18,7 ING 3,66 MBank 18,5 ING 16,9 MBank 3,46 GetinNoble 13,3 BGŻBNPP 11,8 Handlowy 2,49 Millennium 12,1 GetinNoble 11,7 Millennium 1,68 BGŻBNPP 10,4 Millennium 10,9 Alior 1,36 Alior 7,4 Alior 6,9 BGŻBNPP 0,99 Note: Consolidated data in bln EUR as at September 30th,

9 Main commercial initiatives conducted by the Bank Lending growth in strategic areas Clients acquisition Agro business Program for enterprises Cards program PeoPay PeoPay Digital Agenda Digital Agenda Klik OC PeoPay Tablet PO gotówk RPekaoBIZN Bankin S a g Workflow mbanki ES 24 Flexia BP ngcr Pekao2 M OC M 4 S 8

10 Pekao 2020 aspiration Increase profit share by sustainably gaining market share in areas with highest value creation potential, with acquisition of ~1 M customers Achieve an overall cost/income <42% strongly leveraging new technologies Maintain an overall risk appetite lower than the market (CoR 0.5% in 2020) leveraging risk-return driven methodologies Keep an healthy liquidity and a self-funded capital position, both at segment and bank level 9

11 Bank Pekao history 1929 Creation of the Bank 1998 Merger with 3 regional banks 1998 IPO Pekao listed on WSE 1999 UniCredit as a strategic investor 2007 BPH spin-off 2012 New brand 10

12 Ownership structure shares and votes during shareholder meetings Minority shareholders shares and votes during shareholder meetings 49,9% 50,1% Polish Pension Funds: 14.4% Polish Mutual Funds: 1.9% Note: Latest available data as at 30th of June

13 Ratings of Bank Pekao S.A. FITCH RATINGS BANK PEKAO S.A. POLAND Long-term rating (IDR) A- A- Short-term rating F2 F2 Viability rating a- Support rating 2 Outlook Stable Stable STANDARD AND POOR'S BANK PEKAO S.A. POLapD Long-term rating BBB+ A- Short-term rating A-2 A-2 Stand-alone bbb+ Outlook Negative* Positive MOODY'S INVESTORS SERVICE LTD BANK PEKAO S.A. (unsolicited rating) POLapD Long-term foreign-currency deposit rating A2 A2 Short-term deposit rating Prime-1 Prime-1 BCA baa1 Outlook Stable Stable/ Negative** 12 Notes: Bank Pekao S.A. s Viability rating at a- from Fitch Ratings, Stand-alone one at bbb+ from Standard and Poor s and BCA at baa1 from Moody s are the highest individual ratings assigned by these rating agencies to banks rated in Poland (*) On 30th of June 2015 Standard & Poor's confirmed Bank's ratings at unchanged levels and changed Outlook to negative. The negative Outlook indicates rating agency view of a one-in-three probability that implementation of EU Bank Recovery and Resolution "BRRD" in Poland could lead to an increased bail-in risk. (**) Stable for the economy and Negative for the banking sector in Poland

14 Pekao Group organizational structure BANK PEKAO SUPERVISORY BOARD MANAGEMENT BOARD President of the Management Board C.E.O President s Office Internal Audit Department Stakeholders Engagement Research & Development Dept. Investors Relations & Market Strategic Analysis Dept. Legal Department Macroeconomic Research Office Compliance Department Retail Banking Division Private Banking Division Corporate Banking and MIB Division Financial Division (CFO) Risk Management Division (CRO) Human Resources Division Global Banking Services Area Logistics and Procurement Division Identity and Communication Area MAIN SUBSIDIARIES OF PEKAO GROUP Brokarage activity Investmetnt activity Assets management Operational and financial lease Recourse, non-recourse factoring, forfaiting 13 Business units Back office units

15 Agenda General picture Outlook Appendix 14

16 Polish economy outlook F 2016F GDP, % y/y Consumption, % y/y Investment, % y/y Unemployment, % eop CPI, % avg M Wibor, % avg Reference rate, % eop Exchange rate EUR, eop Exchange rate USD, eop Public sector balance, % GDP Note: Internal macroeconomic scenario 15

17 Polish banking sector outlook F** 2016F** Loans, % y/y Retail, % y/y *** 5.5 Mortgage loans PLN Consumer loans* Corporate, % y/y SME loans Savings, % y/y Deposits, % y/y Retail, % y/y Corporate, % y/y Mutual Funds, % y/y * all non-mortgage retail loans **internal scenario *** including effect of stronger CHF on existing portfolio

18 Agenda General picture Outlook Appendix 17

19 Selected data Bank Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Sep 15 Outlets ATM's Employees No of PLN current accounts (ths)* No of mortgage loan accounts (ths)** No of clients holding a consumer loan accounts (ths)*** Number of individuals with an access to electronic banking Pekao24 (ths) Number of individuals with an access to mobile banking (ths) Number of business clients (SME) with an access to electronic banking systems (ths) Group Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Sep 15 Employees**** Outlets**** ATM's**** Number of MF accounts (ths)***** Number of Brokerage accounts (ths)****** (*) Number of accounts including pre-paid card accounts 18 (**) Retail clients accounts (***) Pożyczka Ekspresowa (Express Loan) (****) Credit Union (SKOK) Kopernik included since Dec 2014 (****) Pioneer Pekao Investment Management S.A. (*****) Including: Dom Maklerski Pekao (Dom Maklerski), subsidiarycentralny Dom Maklerski Pekao S.A. (CDM), and associated entity Dom Inwestycyjny Xelion Sp. z o.o. (Xelion)

20 Consolidated income statement (1/2) mln PLN M 15 Share in income or cost (%) Net interest income (1) % Net fee and commission % Operating income % Operating costs (2) % Payroll costs % Other administrative expenses % Depreciation % OPERATING PROFIT Provisions Guarantee funds charges PROFIT BEFORE INCOME TAX Income tax GROUP NET INCOME (3) Cost/Income Ratio (%) (4) 49,2% 45,9% 44,4% 44,6% 44,7% 45,8% Cost of Risk (%) 0,68% 0,63% 0,72% 0,71% 0,56% 0,50% NIM (%) 3,5% 3,7% 3,7% 3,4% 3,1% 2,8% L/D (%) 80,1% 85,8% 86,5% 84,6% 88,8% 93,5% (1) NII and dividends and other income from equity investments 19 (2) Costs excl. guarantee funds charges (3) Net profit attributable to equity holders of the Bank (4) Operating cost excluding guarantee funds charges

21 Consolidated income statement (2/2) mln EUR M 15 Share in income or cost (%) Net interest income (1) % Net fee and commission % Operating income % Operating costs (2) % Payroll costs % Other administrative expenses % Depreciation % OPERATING PROFIT Provisions Guarantee funds charges PROFIT BEFORE INCOME TAX Income tax GROUP NET INCOME (3) Cost/Income Ratio (%) (4) 49,2% 45,9% 44,4% 44,6% 44,7% 45,8% Cost of Risk (%) 0,68% 0,63% 0,72% 0,71% 0,56% 0,50% NIM (%) 3,5% 3,7% 3,7% 3,4% 3,1% 2,8% L/D (%) 80,1% 85,8% 86,5% 84,6% 88,8% 93,5% (1) NII and dividends and other income from equity investments 20 (2) Costs excl. guarantee funds charges (3) Net profit attributable to equity holders of the Bank (4) Operating cost excluding guarantee funds charges NOTE: Data recalculated into EUR based on exchange rate

22 The structure of the Group net profit (1/2) mln PLN cumulative Share in entitiy % M 15 Bank Pekao S.A. Banking - Poland Entities - consolidated under full method of which: (*) Pekao Leasing Sp. z o.o. Leasing 36% 4,8 42,0 41,9 40,6 54,6 37,1 Centralny Dom Maklerski Pekao S.A. Brokerage 100% 51,5 46,0 30,5 39,3 42,4 33,4 Pekao Bank Hipoteczny S.A. Mortgage Bank 100% 17,5 17,3 15,7 12,7 10,0 6,6 Pekao Pioneer PTE S.A. Pension Fund 65% 12,4 12,0 11,4 13,8 15,4 2,1 Pekao Faktoring Sp. z o.o. Factoring 100% 11,3 10,7 10,2 10,1 8,2 6,5 Pekao Investment Banking S.A. Brokerage 100% , ,8 Centrum Bankowości Bezpośredniej Sp. z o.o. Call Centre 100% 1,1 3,7 3,2 3,9 2,4 1,4 Pekao Financial Services Sp. z o.o. Servicing MF/PF 100% 9,8 7,4 3,9 6,6 7,2 6,2 Centrum Kart S.A. Cards 100% 4,6 3,7 2,5 1,7 2,6 0,7 Pekao Fundusz Kapitałowy Sp. z o.o. Business consulting 100% 2,8 1,3 1,2 0,6 0,3 0,1 Pekao Property S.A. Real estate development 100% ,6-0,4-0,9 0,0 Entities - valued under the equity method Pioneer Pekao Investment Management S.A. Mutual Funds 49% 57,1 62,3 45,2 48,3 51,8 34,7 Krajowa Izba Rozliczeniowa S.A. Clearing Services 34% 8,4 10,9 7,4 10,0 10,0 5,5 Dom Inwestycyjny Xelion Sp. z o.o. Financial Advisory 50% 0,8 0,7 0,7 1,1 1,5 1,3 Exclusions and consolidation adjustments Group Net Profit (**) (*) Entities in liquidation, sold or indirect ownership not presented (**) Group net profit attributable to equity holders of the Bank (reported) NOTE: Data as reported

23 The structure of the Group net profit (2/2) mln EUR cumulative Share in entitiy % M 15 Bank Pekao S.A. Banking - Poland Entities - consolidated under full method of which: (*) Pekao Leasing Sp. z o.o. Leasing 36% 1,1 9,9 9,9 9,6 12,9 8,8 Centralny Dom Maklerski Pekao S.A. Brokerage 100% 12,2 10,9 7,2 9,3 10,0 7,9 Pekao Bank Hipoteczny S.A. Mortgage Bank 100% 4,1 4,1 3,7 3,0 2,4 1,6 Pekao Pioneer PTE S.A. Pension Fund 65% 2,9 2,8 2,7 3,3 3,6 0,5 Pekao Faktoring Sp. z o.o. Factoring 100% 2,7 2,5 2,4 2,4 1,9 1,5 Pekao Investment Banking S.A. Brokerage 100% , ,3 Centrum Bankowości Bezpośredniej Sp. z o.o. Call Centre 100% 0,3 0,9 0,8 0,9 0,6 0,3 Pekao Financial Services Sp. z o.o. Servicing MF/PF 100% 2,3 1,7 0,9 1,6 1,7 1,5 Centrum Kart S.A. Cards 100% 1,1 0,9 0,6 0,4 0,6 0,2 Pekao Fundusz Kapitałowy Sp. z o.o. Business consulting 100% 0,7 0,3 0,3 0,1 0,1 0,0 Pekao Property S.A. Real estate development 100% ,4-0,1-0,2 0,0 Entities - valued under the equity method Pioneer Pekao Investment Management S.A. Mutual Funds 49% 13,5 14,7 10,7 11,4 12,2 8,2 Krajowa Izba Rozliczeniowa S.A. Clearing Services 34% 2,0 2,6 1,7 2,4 2,4 1,3 Dom Inwestycyjny Xelion Sp. z o.o. Financial Advisory 50% 0,2 0,2 0,2 0,3 0,4 0,3 Exclusions and consolidation adjustments Group Net Profit (**) (*) Entities in liquidation, sold or indirect ownership not presented (**) Group net profit attributable to equity holders of the Bank (reported) NOTE: Data recalculated into EUR based on exchange rate

24 Consolidated balance sheet (1/2) mln PLN Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Sep 15 Share in balance sheet (%) Cash and amounts due from Central Bank % Loans and advances to banks % Loans and advances to customers* % Investment securities % Assets held for sale % Intangible assets % Tangible fixed assets % TOTAL ASSETS % Amounts due to the Central Bank % Amounts due to other banks % Financial liabilities held for trading % Amounts due to customers % Debt securities issued % Total liabilities % Total Shareholders' equity % (*) Including loans and advances from customers and receivables from finance leases 23

25 Consolidated balance sheet (2/2) mln EUR Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Sep 15 Share in balance sheet (%) Cash and amounts due from Central Bank % Loans and advances to banks % Loans and advances to customers* % Investment securities % Assets held for sale % Intangible assets % Tangible fixed assets % TOTAL ASSETS % Amounts due to the Central Bank % Amounts due to other banks % Financial liabilities held for trading % Amounts due to customers % Debt securities issued % Total liabilities % Total Shareholders' equity % (*) Including loans and advances from customers and receivables from finance leases 24 NOTE: Data recalculated into EUR based on exchange rate

26 Bank Pekao on the Warsaw Stock Exchange Bank Pekao S.A. on the Warsaw Stock Exchange (WSE) Bank Pekao SA is listed on the Warsaw Stock Exchange and London Stock Exchange (GDRs program) The largest bank on WSE in terms of market capitalisation (9.6 bln EUR) The biggest Polish company in terms of market capitalisation The second biggest bank in terms of value of turnovers and volume of shares in free float among banks Bank WIG 20, WIG 30, MSCI, CEERIUS Sustainability Index Note: Data as at 30 th of September

BANK PEKAO S.A. GENERAL PICTURE

BANK PEKAO S.A. GENERAL PICTURE BANK PEKAO S.A. GENERAL PICTURE Disclaimer This presentation (the Presentation ) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna ( Bank ) for the clients, shareholders and financial analysts.

More information

BANK PEKAO S.A. GENERAL PICTURE

BANK PEKAO S.A. GENERAL PICTURE BANK PEKAO S.A. GENERAL PICTURE Disclaimer This presentation (the Presentation ) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna ( Bank ) for the clients, shareholders and financial analysts.

More information

BANK POLSKA KASA OPIEKI S.A. CAPITAL GROUP WARSAW, GRZYBOWSKA 53/57

BANK POLSKA KASA OPIEKI S.A. CAPITAL GROUP WARSAW, GRZYBOWSKA 53/57 BANK POLSKA KASA OPIEKI S.A. CAPITAL GROUP WARSAW, GRZYBOWSKA 53/57 AUDITOR S OPINION AND AUDIT REPORT ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2015 FINANCIAL YEAR TABLE OF CONTENTS AUDITOR S OPINION...

More information

Good year. Bank Zachodni WBK Group performance for 2009. Warszawa, 2 nd March 2010

Good year. Bank Zachodni WBK Group performance for 2009. Warszawa, 2 nd March 2010 Good year Bank Zachodni WBK Group performance for 2009 Warszawa, 2 nd March 2010 Disclaimer This presentation as regards the forward looking statements is exclusively informational in nature and cannot

More information

Introduction to mbank Group The most successful organic growth story in Poland

Introduction to mbank Group The most successful organic growth story in Poland Introduction to mbank Group The most successful organic growth story in Poland August 2015 mbank Group in a snapshot General description Key financial data (PLN M) Set up in 1986, mbank (originally BRE

More information

Integration of Bank Pekao SA and Bank BPH SA. Warsaw, 16 November 2006

Integration of Bank Pekao SA and Bank BPH SA. Warsaw, 16 November 2006 Integration of Bank Pekao SA and Bank BPH SA Warsaw, 16 November 2006 AGENDA 1 Integration summary 2 Spin off Plan 3 New Pekao the clear market leader 4 New BPH platform for growth 5 Next steps 1 PREPARATION

More information

ALIOR BANK S.A results presentation

ALIOR BANK S.A results presentation ALIOR BANK S.A. 2015 results presentation March 3, 2016 1 AGENDA Highlights Operational Performance Strategic initiatives Outlook Appendix 2 HIGHLIGHTS Reliable performance in line with expectations. Bottom

More information

BOŚ S.A. GROUP Q3 2012

BOŚ S.A. GROUP Q3 2012 BOŚ S.A. GROUP Q3 2012 PU\Warsaw\Bos\C20120377 Agenda 1. Key information about BOŚ S.A. Group 2. BOŚ S.A. Group after Q3 2012 Appendices 2 3 Key information about BOŚ S.A. Group BOŚ S.A. Group Bank Ochrony

More information

ALIOR BANK S.A. Results presentation 1H 2013. Sustainable development in challenging environment

ALIOR BANK S.A. Results presentation 1H 2013. Sustainable development in challenging environment ALIOR BANK S.A. Results presentation 1H 2013 Sustainable development in challenging environment August 8th, 2013 Q2 2013 HIGHLIGHTS Without one-off insurance periodization Q2 net result 105 M PLN (+14

More information

Impressive beginning of the year. IQ 2006 BZWBK Group Performance

Impressive beginning of the year. IQ 2006 BZWBK Group Performance Impressive beginning of the year IQ 26 BZWBK Group Performance 2 April 26 1 IQ 26 IQ 25 IQ26 Change Gross profit 156.7m 239.1m +52.6% Net profit 122.9m 191.m +55.7% Profit attributed to shareholders 119.3m

More information

Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2015

Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2015 chf This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding.

More information

GDP growth slowdown, labour market revival

GDP growth slowdown, labour market revival Three quarters of 2007: Growth momentum sustained in all business lines BZWBK Group performance for 3Q 2007 November 2007 GDP growth slowdown, labour market revival Quarterly economic indicators, %YoY

More information

BOŚ S.A. GROUP 1H 2012

BOŚ S.A. GROUP 1H 2012 BOŚ S.A. GROUP 1H 2012 PU\Warsaw\Bos\C20120377 Agenda 1. Key information about BOŚ S.A. Group 2. BOŚ S.A. Group in 1H 2012 Appendices 2 3 Key information about BOŚ S.A. Group BOŚ S.A. Group Bank structure

More information

Bank Millennium S.A. Date: 3 rd February Current Report No. 8/2014

Bank Millennium S.A. Date: 3 rd February Current Report No. 8/2014 Bank Millennium S.A. Date: 3 rd February 2014 Current Report No. 8/2014 SUBJECT: Preliminary 2013 results of Bank Millennium Group. Bank Millennium Group (the Group ) consolidated net profit in 2013 reached

More information

GETIN NOBLE BANK GROUP

GETIN NOBLE BANK GROUP GROUP FINANCIAL RESULTS FOR THE FIRST HALF OF 2012 Presentation of audited financial results for investors and analysts Warsaw, August 10 th, 2012 INTRODUCTION We are consistently pursuing our strategic

More information

INTERIM FINANCIAL STATEMENTS OF THE POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SA GROUP FOR THE FIRST QUARTER OF 2009

INTERIM FINANCIAL STATEMENTS OF THE POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SA GROUP FOR THE FIRST QUARTER OF 2009 PKO BANK POLSKI SPÓŁKA AKCYJNA INTERIM FINANCIAL STATEMENTS OF THE POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SA GROUP FOR THE FIRST QUARTER OF 2009 Prepared in accordance with International Financial Reporting

More information

GROWTH BY COMBINING BEST PRACTICES

GROWTH BY COMBINING BEST PRACTICES GROWTH BY COMBINING BEST PRACTICES L. Lovaglio General Manager at Bank Pekao AGENDA Poland macroeconomic and banking sector scenario The creation of New Pekao New Pekao strategic initiatives Strategy for

More information

Group's financial performance Getin Holding

Group's financial performance Getin Holding Tytuł testowy Group's financial performance Getin Holding H1 2013 Warsaw, 30 August 2013 Getin Holding Group Main events of the quarter and half year in a nutshell PLN 64.0 million net profit 1) for Q2

More information

INTERIM FINANCIAL STATEMENTS OF THE PKO BANK POLSKI SA GROUP FOR THE FIRST QUARTER OF 2008

INTERIM FINANCIAL STATEMENTS OF THE PKO BANK POLSKI SA GROUP FOR THE FIRST QUARTER OF 2008 PKO BANK POLSKI SPÓŁKA AKCYJNA INTERIM FINANCIAL STATEMENTS OF THE PKO BANK POLSKI SA GROUP FOR THE FIRST QUARTER OF 2008 Prepared in accordance with International Financial Reporting Standards CONTENTS

More information

Polish Covered Bond Market

Polish Covered Bond Market Polish Covered Bond Market Prospects for future growth 16 th October 2014 Warsaw Mortgage banks in Poland Key financial data Total assets (in PLN M) 4706,6 Loans and advances to customers 4117,0 CAR 15,00%

More information

Subject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014

Subject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014 Warsaw, February 12, 2015 Subject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014 Legal basis: Art. 5 section 1 item 25) of the Ordinance

More information

GETIN NOBLE BANK GROUP

GETIN NOBLE BANK GROUP GROUP FINANCIAL RESULTS FOR THE FIRST THREE QUARTERS OF 2012 Presentation of non-audited financial results for investors and analysts Warsaw, November 14 th, 2012 INTRODUCTION We are consistently pursuing

More information

BOŚ S.A. Group 1H 2013

BOŚ S.A. Group 1H 2013 BOŚ S.A. Group 1H 2013 BOŚ S.A. Group key information Slajd 2 z 31 Slajd 2 z 31 Key financial data of BOŚ S.A. Group quarterly data (thou PLN) 1Q 2012 2Q 2012 1Q 2013 2Q 2013 Change q/q (2Q 2013 vs. 1Q

More information

Bank Handlowy w Warszawie S.A. 1H 2015 consolidated financial results

Bank Handlowy w Warszawie S.A. 1H 2015 consolidated financial results August 13, 2015 Bank Handlowy w Warszawie S.A. 1H 2015 consolidated financial results www.citihandlowy.pl Bank Handlowy w Warszawie S.A. 1H 2015 Summary 1H 2015 net profit: PLN 367 MM (-29% YoY) Volumes

More information

OTP Bank JSC, Ukraine

OTP Bank JSC, Ukraine OTP Bank JSC, Ukraine Partner Presentation Last update April 26, 2011 Content Business Profile and Macroeconomic Overview Financial Performance 2 About OTP Bank JSC Assets Main indicators (IFRS, 2010)

More information

Annual General Meeting

Annual General Meeting Annual General Meeting Bank BPH. Po Prostu Fair 2013 Performance 28 May 2014 28 May 2014 Bank BPH 2013 Performance 1 Overview of 2013 Profitability 2013 net income of PLN 192 MM and pre-tax income of PLN

More information

Bank Zachodni WBK Group

Bank Zachodni WBK Group Bank Zachodni WBK Group III Q 2004 Performance Investor Relations 18 November 2004 BZWBK Member of AIB Group 1 Delivery Channels Bank Zachodni WBK S.A. is one of the largest banks operating in the Polish

More information

PKO Bank Polski Company profile and strategic update

PKO Bank Polski Company profile and strategic update PKO Bank Polski Company profile and strategic update July 2014 PKO Bank Polski - the leading bank in Poland Universal Polish bank established in 1919, since 1950 operated as the PKO State-owned bank, in

More information

Description of the Issuer s capital group organization, indicating entities being subject to consolidation

Description of the Issuer s capital group organization, indicating entities being subject to consolidation GETIN NOBLE BANK S.A. CAPITAL GROUP REPORT OF THE MANAGEMENT BOARD ON OPERATIONS OF THE CAPITAL GROUP AND THE ISSUER FOR THE PERIOD OF SIX MONTHS ENDED ON 30 JUNE 2010 Description of the Issuer s capital

More information

Management Board Report of the Alior Bank S.A. Group for the first half of 2015

Management Board Report of the Alior Bank S.A. Group for the first half of 2015 Management Board Report of the Alior Bank S.A. Group for the first half of 2015 Contents I. Summary of Alior Bank s operations in the first half of 2015... 4 Major events and business initiatives executed

More information

OPEN FINANCE 2015 GROUP RESULTS. Presentation of financial results for investors and analysts

OPEN FINANCE 2015 GROUP RESULTS. Presentation of financial results for investors and analysts OPEN FINANCE 2015 GROUP RESULTS Presentation of financial results for investors and analysts Warsaw, March 17, 2016 BASIC FINANCIAL INFORMATION - OPEN FINANCE GROUP CHANGE DATA AT THE END OF 4TH QUARTER

More information

OPINION OF AN INDEPENDENT AUDITOR ON THE EXAMINATION OF SPIN-OFF PLAN concerning Bank BPH Spółka Akcyjna in Cracow

OPINION OF AN INDEPENDENT AUDITOR ON THE EXAMINATION OF SPIN-OFF PLAN concerning Bank BPH Spółka Akcyjna in Cracow Cracow, 8 th January 2007 Janina Niedośpiał ul. Słomiana 13/60 30-316 Cracow Chartered auditor 2729/2068 Court-appointed auditor Regional Court For Cracow Śródmieście in Cracow XIth Business Department

More information

We continue our consumer finance activities with KoçFinans, Turkey s first consumer finance company.

We continue our consumer finance activities with KoçFinans, Turkey s first consumer finance company. BANKING AND INSURANCE As the leading banking and insurance group in Turkey, we are the key thanks to our customer-oriented approach, strong financial structure, and millions of active customers. As Yapı

More information

Report on the activities of Bank Pekao S.A. Group for the first half of 2014

Report on the activities of Bank Pekao S.A. Group for the first half of 2014 Report on the activities of Bank Pekao S.A. Group for the first half of 2014 Warsaw, August 2014 This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries

More information

ANNUAL REPORT OF BANK DnB NORD POLSKA SA FOR THE YEAR 2012

ANNUAL REPORT OF BANK DnB NORD POLSKA SA FOR THE YEAR 2012 ANNUAL REPORT OF BANK DnB NORD POLSKA SA FOR THE YEAR 2012 BANK DnB NORD POLSKA SA MEMBER OF DNB Contents About the Bank and the DNB Group 3 Financial performance of Bank DnB NORD Polska SA for the year

More information

BRE Bank Group Results Q1-2 2006 The Financial Targets May Be Exceeded

BRE Bank Group Results Q1-2 2006 The Financial Targets May Be Exceeded BRE Bank Group Results Q1-2 2006 The Financial Targets May Be Exceeded Management Board, BRE Bank SA Presentation for Investors and Analysts 2 August 2006 1 Agenda Introduction Summary of Q1-2 2006 Results

More information

2001 Financial Results. Warsaw, 14 February 2002

2001 Financial Results. Warsaw, 14 February 2002 21 Financial Results Warsaw, 14 February 22 executive summary macroeconomic situation integration progress financial results for 21 action plan for 22 conclusions 2 Executive summary: BPH PBK SA - the

More information

Annual General Meeting

Annual General Meeting Annual General Meeting Bank BPH. Po Prostu Fair 2014 Performance 29 May 2015 29 May 2015 Annual General Meeting. Bank BPH 2014 Performance 1 Overview of 2014 Profitability 2014 net income of PLN 112 MM

More information

Interim Abbreviated Consolidated Financial Statements of BNP Paribas Bank Polska SA Group for the Third Quarter 2011

Interim Abbreviated Consolidated Financial Statements of BNP Paribas Bank Polska SA Group for the Third Quarter 2011 Interim Abbreviated Consolidated Financial Statements of BNP Paribas Bank Polska SA Group for the Third Quarter 2011 BNP Paribas Bank Polska SA with its registered office at ul. Suwak 3, registered with

More information

BRE Bank Group Total Assets. GDP, consumption and investment dynamics

BRE Bank Group Total Assets. GDP, consumption and investment dynamics 100 90 80 BRE Bank Group Total Assets PLN B 82.6 81.0 90.0 98.9 70 60 55.9 50 40 30 20 10 0 0.0 0.0 0.3 0.5 0.5 0.7 0.9 1.4 2.6 4.1 6.2 14.4 16.2 11.0 30.5 30.5 32.7 27.4 24.8 42.3 1987 1988 1989 1990

More information

PKO BANK POLSKI SA DIRECTORS REPORT FOR THE YEAR 2009

PKO BANK POLSKI SA DIRECTORS REPORT FOR THE YEAR 2009 PKO BANK POLSKI SPÓŁKA AKCYJNA PKO BANK POLSKI SA DIRECTORS REPORT FOR THE YEAR 2009 WARSAW, MARCH 2010 TABLE OF CONTENTS: 1. INTORDUCTION 4 1.1 GENERAL INFORMATION 4 1.2 KEY FINANCIAL INDICATORS 5 1.3

More information

Getin Holding Group s Financial Results for the first 9 months of 2011

Getin Holding Group s Financial Results for the first 9 months of 2011 Getin Holding Group s Financial Results for the first 9 months of 2011 a presentation of unaudited financial results for investors and analysts Warsaw, 10 November 2011 Disclaimer This presentation ( Presentation

More information

The assessment of Getin Noble Bank S.A. situation including the assessment of the internal control system

The assessment of Getin Noble Bank S.A. situation including the assessment of the internal control system The assessment of Getin Noble Bank S.A. situation including the assessment of the internal control system and the risk management system essential for the Company made by the Supervisory Board of Getin

More information

Kredyt Bank S.A. Group Financial results after 2Q Warszawa, August 7, 2012

Kredyt Bank S.A. Group Financial results after 2Q Warszawa, August 7, 2012 Kredyt Bank S.A. Group Financial results after 2Q 2012 Warszawa, August 7, 2012 1 Highlights Analysis of results, Group Bousiness lines, Bank Appendix 2 Headlines SOURCES OF FUNDING CHANGE BALANCE SHEET

More information

Chile. First Half 2015. July 30, 2015

Chile. First Half 2015. July 30, 2015 1 Chile First Half 2015 July 30, 2015 Disclaimer 2 Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation Reform

More information

Banque Saudi Fransi. Third Quarter 2011 Financial Results. Philippe Touchard, Chief Financial Officer BSF / CFO

Banque Saudi Fransi. Third Quarter 2011 Financial Results. Philippe Touchard, Chief Financial Officer BSF / CFO Banque Saudi Fransi Third Quarter 2011 Financial Results Philippe Touchard, Chief Financial Officer BSF / CFO BSF / CFO 1. Financial Performance BSF Overall Performance Key Financials Recent developments

More information

RESULTS DNB GROUP SECOND QUARTER AND FIRST HALF 2016

RESULTS DNB GROUP SECOND QUARTER AND FIRST HALF 2016 RESULTS DNB GROUP SECOND QUARTER AND FIRST HALF 2016 Rune Bjerke (CEO) Bjørn Erik Næss (CFO) 13.07.2016 Second quarter 2016 Pre-tax operating profit in NOK billion 5.8 (6.8) Cost/income ratio in per cent

More information

This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version.

This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version. PKO BANK POLSKI SPÓŁKA AKCYJNA PKO BANK POLSKI SA DIRECTORS REPORT FOR THE YEAR 2011 TABLE OF CONTENTS: 1. INTRODUCTION 1.1 PKO BANK POLSKI SA HISTORICAL BACKGROUND 1.2 PKO BANK POLSKI SA IN YEARS 2009-2011

More information

PKO Bank Polski SA Group

PKO Bank Polski SA Group PKO Bank Polski SA Group LEADER ON THE STABLE MARKET October 2012 1. PKO Bank Polski: The Leading Polish and CEE Bank 2. Operating Environment 3. Continued Strong Financial Performance 4. Focused Strategy

More information

This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version.

This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version. PKO BANK POLSKI SPÓŁKA AKCYJNA PKO BANK POLSKI SA DIRECTORS REPORT FOR THE YEAR 2011 TABLE OF CONTENTS: 1. INTRODUCTION 4 1.1 PKO BANK POLSKI SA HISTORICAL BACKGROUND 4 1.2 PKO BANK POLSKI SA IN YEARS

More information

1 st. Annual Greek Roadshow. London, September 20-21, 21, 2006

1 st. Annual Greek Roadshow. London, September 20-21, 21, 2006 1 st Annual Greek Roadshow London, September 20-21, 21, 2006 History - Profile 1925 1964 1997 2001 2003 Founding Year Part of Emporiki Bank Group, Initial Public Offering (ASE) Major change in Shareholders

More information

Sberbank Group s IFRS Results for 6 Months 2013. August 2013

Sberbank Group s IFRS Results for 6 Months 2013. August 2013 Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB

More information

GFNORTE 3Q14 Results. Conference Call October 24, 2014.

GFNORTE 3Q14 Results. Conference Call October 24, 2014. GFNORTE 3Q14 Results Conference Call October 24, 2014. Material Events Shareholders' Assembly GFNorte held an Ordinary General Shareholders' Meeting on October 22 nd. The company s capital that was represented

More information

Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009

Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009 Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009 Table of Contents 1. Financial Highlights 3 2. Consolidated Financial Statements of Fortis

More information

Report on the approval of the Appraisal Report of the Supervisory Board on the Financial Statements of BGŻ BNP Paribas S.A.

Report on the approval of the Appraisal Report of the Supervisory Board on the Financial Statements of BGŻ BNP Paribas S.A. Report on the approval of the Appraisal Report of the Supervisory Board on the Financial Statements of BGŻ BNP Paribas S.A. including the Brokerage House, Management Board Report on the Bank s activity,

More information

FITCH AFFIRMS NORWEGIAN SAVINGS BANKS

FITCH AFFIRMS NORWEGIAN SAVINGS BANKS FITCH AFFIRMS NORWEGIAN SAVINGS BANKS Fitch Ratings-London-04 November 2015: Fitch Ratings has affirmed SpareBank 1 Nord-Norge's (SNN) Long-term Issuer Default Rating (IDR) at 'A', SpareBank 1 SMN's (SMN),

More information

Pohjola Group. 31 March 2008

Pohjola Group. 31 March 2008 Pohjola Group 31 March 2008 Group business structure Strategy Interim report 31 March 2008 Pohjola Group Banking and Investment Services Non-life Insurance Acquisition synergies Prospects for 2008 Dividend

More information

Report on the compliance of AB S.A. with the corporate governance rules

Report on the compliance of AB S.A. with the corporate governance rules Report on the compliance of AB S.A. with the corporate governance rules Contents 1. Indication of corporate governance rules applicable to AB S.A.... 3 2. Indication of corporate governance rules which

More information

NATIONAL BANK OF GREECE

NATIONAL BANK OF GREECE NATIONAL BANK OF GREECE NBG may file a registration statement (including a prospectus) with the SEC for the rights offering referred to in this report. Before you invest, you should read the prospectus

More information

ING Bank Śląski S.A. Group

ING Bank Śląski S.A. Group Semi-annual consolidated report for of 6 months ending on 30 June 2016 Contents of the ING Bank Śląski S.A. Group Selected financial data from financial statements 1 Interim condensed consolidated income

More information

The PKO Bank Polski SA Group Directors Report for the year 2014

The PKO Bank Polski SA Group Directors Report for the year 2014 The PKO Bank Polski SA Group Directors Report for the year 2014 Report publication date: 16 March 2015 TABLE OF CONTENTS 1. Introduction...4 1.1 Characteristics of the PKO Bank Polski SA Group activity...4

More information

2Q 2013 Earnings. Growth according to expectations. 13 August 2013. 13 August 2013 Growth according to expectations 1

2Q 2013 Earnings. Growth according to expectations. 13 August 2013. 13 August 2013 Growth according to expectations 1 2Q 2013 Earnings Growth according to expectations 13 August 2013 13 August 2013 Growth according to expectations 1 Disclaimer This presentation does not constitute or form any part of an offer, invitation

More information

Sparebanken Hedmark Financial result Third quarter 2015

Sparebanken Hedmark Financial result Third quarter 2015 Sparebanken Hedmark Financial result Third quarter 2015 Sparebanken Hedmark Third quarter 2015 Stable development and falling unemployment rate in Hedmark - Hedmark and Oppland are two of the country`s

More information

Selected financial data

Selected financial data INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF THE CAPITAL GROUP OF BANK HANDLOWY W WARSZAWIE S.A. FOR THE FIRST QUARTER 2008 MAY 2008 Selected financial data In PLN 000 In EUR 000*** First quarter growing

More information

Financial Data Supplement 1Q2016

Financial Data Supplement 1Q2016 Deutsche Bank Financial Data Supplement 1Q2016 28 April 2016 1Q2016 Financial Data Supplement Due to rounding, numbers presented throughout this document may not add up precisely to the totals we provide

More information

TVN GROUP RESULTS FOR THE FIRST QUARTER 2015 WARSAW, MAY 5 TH, 2015

TVN GROUP RESULTS FOR THE FIRST QUARTER 2015 WARSAW, MAY 5 TH, 2015 TVN GROUP RESULTS FOR THE FIRST QUARTER 2015 WARSAW, MAY 5 TH, 2015 Disclaimer This presentation (the Presentation ) has been prepared by TVN S.A. (the Company ) solely for use by its shareholders, clients

More information

This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version.

This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version. Independent Registered Auditor s Opinion To the General Meeting of Shareholders and the Supervisory Board of of We have audited the accompanying financial statements of Powszechna Kasa Oszczędności Bank

More information

Bank Zachodni WBK Group Results 2013. 30th January, 2014

Bank Zachodni WBK Group Results 2013. 30th January, 2014 Bank Zachodni WBK Group Results 2013 30th January, 2014 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found

More information

THE PKO BANK POLSKI SA GROUP DIRECTORS REPORT FOR THE YEAR 2009

THE PKO BANK POLSKI SA GROUP DIRECTORS REPORT FOR THE YEAR 2009 PKO BANK POLSKI SPÓŁKA AKCYJNA THE PKO BANK POLSKI SA GROUP DIRECTORS REPORT FOR THE YEAR 2009 WARSAW, MARCH 2010 TABLE OF CONTENTS: 1. INTRODUCTION 4 1.1 General information 4 1.2 Key financial indicators

More information

MEMORANDUM OF ASSOCIATION OF ALIOR BANK SPÓŁKA AKCYJNA (JOINT STOCK COMPANY)

MEMORANDUM OF ASSOCIATION OF ALIOR BANK SPÓŁKA AKCYJNA (JOINT STOCK COMPANY) MEMORANDUM OF ASSOCIATION OF ALIOR BANK SPÓŁKA AKCYJNA (JOINT STOCK COMPANY) I. GENERAL PROVISIONS 1. 1. The Bank s business name is: Alior Bank Spółka Akcyjna. 2. The Bank may use its abbreviated business

More information

BANK ZACHODNI WBK S.A. GROUP WROCŁAW, RYNEK 9/11 CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2014 FINANCIAL YEAR WITH AUDITOR S OPINION AND

BANK ZACHODNI WBK S.A. GROUP WROCŁAW, RYNEK 9/11 CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2014 FINANCIAL YEAR WITH AUDITOR S OPINION AND WROCŁAW, RYNEK 9/11 CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2014 FINANCIAL YEAR WITH AUDITOR S OPINION AND AUDIT REPORT TABLE OF CONTENTS AUDITOR S OPINION... 3 REPORT ON THE AUDIT OF THE CONSOLIDATED

More information

Finansbank Q2 15 Corporate Presentation

Finansbank Q2 15 Corporate Presentation Finansbank Q2 15 Corporate Presentation 0 Agenda Turkish Banking Landscape & Finansbank Loan-based Balance Sheet Delivering High Quality Earnings Solid Financial Performance Appendix 1 Structurally attractive

More information

Full Year Results 2014

Full Year Results 2014 Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075 FirstMerit

More information

REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS OF GETIN NOBLE BANK S.A. FOR THE 2012 FINANCIAL YEAR

REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS OF GETIN NOBLE BANK S.A. FOR THE 2012 FINANCIAL YEAR REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS OF GETIN NOBLE BANK S.A. FOR THE 2012 FINANCIAL YEAR I. GENERAL INFORMATION 1. Details of the audited Bank The Company operates under the business name Getin

More information

Consolidated Financial Results for Six Months Ended September 30, 2007

Consolidated Financial Results for Six Months Ended September 30, 2007 Consolidated Financial Results for Six Months Ended September 30, 2007 SOHGO SECURITY SERVICES CO., LTD (URL http://ir.alsok.co.jp/english) (Code No.:2331, TSE 1 st Sec.) Representative: Atsushi Murai,

More information

PKO Bank Polski The Best Every Day. Presentation of the PKO Bank Polski Strategy Warsaw, 3 April 2013

PKO Bank Polski The Best Every Day. Presentation of the PKO Bank Polski Strategy Warsaw, 3 April 2013 PKO Bank Polski The Best Every Day Presentation of the PKO Bank Polski Strategy Warsaw, 3 April 2013 Vision and strategic objectives Competitive environment Strategic initiatives Acquisitions and alliances

More information

>Analysts conference. Dr. Andre Carls, CEO Karin Katerbau, CFO. Frankfurt/Main, 14 February 2006

>Analysts conference. Dr. Andre Carls, CEO Karin Katerbau, CFO. Frankfurt/Main, 14 February 2006 >Analysts conference Dr. Andre Carls, CEO Karin Katerbau, CFO Frankfurt/Main, 14 February 2006 > Agenda comvalue taking effect Convincing growth programme record results Offering and sales expanded More

More information

ISBANK EARNINGS PRESENTATION 2016 Q1

ISBANK EARNINGS PRESENTATION 2016 Q1 ISBANK EARNINGS PRESENTATION 2016 Q1 2016 Q1 Recent Developments in the Economy Binler Global Outlook Main Indicators of Turkey US EA Moderate expansion in the US economy Solid labor market data Still

More information

1 HALF-YEAR REPORT 1 JANUARY 30 JUNE, 2008

1 HALF-YEAR REPORT 1 JANUARY 30 JUNE, 2008 1 HALF-YEAR REPORT 1 JANUARY 30 JUNE, 2008 Contents High lights of the first 6 months 2008 3 Letter to Shareholders 4 Management and Board of directors 5 Selected consolidated financial data 6 Reinhold

More information

Interim Condensed Consolidated Financial Statements for the three months ended 31 March 2006. NFI Empik Media & Fashion S.A. and its subsidiaries

Interim Condensed Consolidated Financial Statements for the three months ended 31 March 2006. NFI Empik Media & Fashion S.A. and its subsidiaries Interim Condensed Consolidated Financial Statements for the three months ended 31 March 2006 NFI Empik Media & Fashion S.A. and its subsidiaries Interim Condensed Consolidated Financial statements for

More information

BNP Paribas Bank Polska Group

BNP Paribas Bank Polska Group BNP Paribas Bank Polska Group 2013 YTD & Quarterly Results "Delivering on our Underlying Strategy" Warsaw, 11 th March 2014 Disclaimer This presentation has been prepared by BNP Paribas Bank Polska S.A.

More information

E.SUN FHC Financial Review of 3Q 2015

E.SUN FHC Financial Review of 3Q 2015 E.SUN FHC Financial Review of 3Q 2015 Nov. 2015 Disclaimer This Presentation is provided by E.SUN Financial Holding Co., Ltd. ( E.SUN FHC ). E.SUN makes no guarantee or warranties as to the accuracy or

More information

9m RESULTS OCTOBER Harald Wilhelm I Chief Financial Officer

9m RESULTS OCTOBER Harald Wilhelm I Chief Financial Officer 1 9m RESULTS 2015 30 OCTOBER 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,

More information

https://www.fitchratings.com/creditdesk/press_releases/detail.cfm?print=1&pr_id=90...

https://www.fitchratings.com/creditdesk/press_releases/detail.cfm?print=1&pr_id=90... Page 1 of 5 Fitch Upgrades NZ's Heartland Bank, Affirms Five Other FIs Ratings Endorsement Policy 28 Oct 2014 12:56 AM (EDT) Fitch Ratings-Sydney-28 October 2014: Fitch Ratings has upgraded Heartland Bank

More information

Swedbank A leading Nordic-Baltic bank

Swedbank A leading Nordic-Baltic bank Swedbank A leading Nordic-Baltic bank A brief history of Swedbank 1820 the first savings bank was founded in Gothenburg 1915 the first agricultural cooperative bank was founded 1991 12 regional agricultural

More information

Draft of resolutions of the Ordinary General Meeting of 24 June 2014

Draft of resolutions of the Ordinary General Meeting of 24 June 2014 Attachment to the Report No 12/2014 Draft of resolutions Draft Resolution to Item 2 of the Agenda held on 24 June 2014 Resolution No 1/2014 concerning election of Chairman the Ordinary General Meeting

More information

INDEPENDENT AUDITOR S OPINION

INDEPENDENT AUDITOR S OPINION INDEPENDENT AUDITOR S OPINION On the audit of the financial statements ALTUS TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A For the period from 1 January 2014 to 31 December 2014 Warsaw 30 March 2015 INDEPENDENT

More information

PKO Bank Polski The Best Every Day. Presentation of the PKO Bank Polski Strategy Warsaw, 3 April 2013

PKO Bank Polski The Best Every Day. Presentation of the PKO Bank Polski Strategy Warsaw, 3 April 2013 PKO Bank Polski The Best Every Day Presentation of the PKO Bank Polski Strategy Warsaw, 3 April 2013 Vision and strategic objectives Competitive environment Strategic initiatives Acquisitions and alliances

More information

H1 2012 Earnings Presentation. BRSA Bank Only

H1 2012 Earnings Presentation. BRSA Bank Only BRSA Bank Only Macro Outlook Q1 GDP growth at 3.2%, mostly backed by net exports. Budget deficit was TRY 6.7 billion in H1 12, one third of Latest GDP figure is supportive of the soft landing the government

More information

The Edge Market - Features v 1 WW 1

The Edge Market - Features v 1 WW 1 The Edge Market - Features v 1 WW 1 Key Features of The Edge Market Dashboard The Dashboard offers data & analytics on all listed companies on the Bursa Malaysia and Singapore Exchange. These include the

More information

Report of Bank Pekao S.A. Group for the three quarters of 2015

Report of Bank Pekao S.A. Group for the three quarters of 2015 Report of Bank Pekao S.A. Group for the three quarters of 2015 Warsaw, November, 2015 Report on the activities of Bank Pekao S.A. Group for the third quarter of 2015 Warsaw, November 2015 This document

More information

The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A.

The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A. The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A. Annual Financial Statement of K2 Internet S.A. for the twelve-month period ended

More information

PKO Finance AB (publ) Annual report for the period 1 January 2014 -- 31 December 2014. (Corporate Identity Number 556693-7461)

PKO Finance AB (publ) Annual report for the period 1 January 2014 -- 31 December 2014. (Corporate Identity Number 556693-7461) PKO Finance AB (publ) Annual report for the period 1 January 2014 -- 31 December 2014 (Corporate Identity Number 556693-7461) c/o AB 1909 Corporate Services Norrlandsgatan 18 (Registered offices and headquarters)

More information

E.SUN FHC Financial Review of 1Q 2015

E.SUN FHC Financial Review of 1Q 2015 E.SUN FHC Financial Review of 1Q 2015 May 2015 Disclaimer This Presentation is provided by E.SUN Financial Holding Co., Ltd. ( E.SUN FHC ). E.SUN makes no guarantee or warranties as to the accuracy or

More information

2Q - converging to BZ WBK?

2Q - converging to BZ WBK? BRE Bank Securities ANALYTICAL REPORT Banks ISSN 1508-308X Warsaw, 10.09.03 2Q - converging to BZ WBK? 27500 PLN 10000 untis '000 We asked the question, how does the sector look like following 2Q results.

More information

Shaping the future relationship bank. Bernstein s strategic decisions conference 2015 Casper von Koskull, Head of Wholesale Banking and Incoming CEO

Shaping the future relationship bank. Bernstein s strategic decisions conference 2015 Casper von Koskull, Head of Wholesale Banking and Incoming CEO Shaping the future relationship bank Bernstein s strategic decisions conference 2015 Casper von Koskull, Head of Wholesale Banking and Incoming CEO The relationship bank business model has delivered 14

More information

CorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011

CorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011 CorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011 Santiago, Chile, CORPBANCA (NYSE: BCA), a Chilean financial institution offering a wide variety of

More information

FITCH UPGRADES ABN AMRO TO 'A+'; OUTLOOK STABLE

FITCH UPGRADES ABN AMRO TO 'A+'; OUTLOOK STABLE FITCH UPGRADES ABN AMRO TO 'A+'; OUTLOOK STABLE Fitch Ratings-London-14 April 2016: Fitch Ratings has upgraded ABN AMRO N.V.'s Long-Term Issuer Default Rating (IDR) to 'A+' from 'A', and affirmed the bank's

More information

Report of the PKO Bank Polski SA Group for the first quarter of 2013. Załącznik do uchwały nr /B/2012. Zarządu

Report of the PKO Bank Polski SA Group for the first quarter of 2013. Załącznik do uchwały nr /B/2012. Zarządu Zarządu Załącznik do uchwały nr /B/2012 Report of the PKO Bank Polski SA Group for the first quarter of 2013 Report publication date: 13 May 2013 PLN thousand EUR thousand SELECTED CONSOLIDATED FINANCIAL

More information