getin noble bank group · 3 introduction getin noble bank 1) initial results of banks for q2 2012,...
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GETIN NOBLE BANK GROUP
FINANCIAL RESULTS FOR THE FIRST THREE QUARTERS OF 2012
Presentation of non-audited financial results for investors and analysts
Warsaw, November 14th, 2012
2
INTRODUCTION GETIN NOBLE BANK
Balance sheet total #6 (+1 position1))
Loans #5 (without change)
Deposits #5 (without change)
Interest income #4 (without change)
Fee and commission income #5 (without change)
Net result #9 (-6)
1) Initial results of banks for Q2 2012, as reported by the daily Rzeczpospolita; a move in the same ranking for Q2 2011
Key success factors…
» a consistently changing balance sheet structure (more shorter-term, faster-amortising products with higher profit margins) with profitability rates maintained
» steady growth of revenue not related to credit risk
» diversification of funding sources
» effective reduction in the costs of risk
» reduced financing pressure
We are consistently pursuing our strategic goal...
... to be ranked among the top five banks on the market.
3
INTRODUCTION GETIN NOBLE BANK
1) Initial results of banks for Q2 2012, as reported by the daily Rzeczpospolita
2) A move up in the same ranking for Q2 2011
Ranking of banks after first half of 2012 1)
On the operating costs side, the Bank remained in the 12th place it held a year ago.
1 PKO BP 190 438 1 PKO BP 20 601 1 PKO BP 141 331 1 PKO BP 146 987
2 Bank Pekao 148 311 2 Bank Pekao 19 438 2 Bank Pekao 97 308 2 Bank Pekao 106 753
3 BRE Bank 95 045 3 BRE Bank 11 058 3 BRE Bank 67 889 3 ING Bank 54 157
4 ING Bank 70 260 4 BZ WBK 7 460 4 ING Bank 49 782 4 BRE Bank 52 190
5 BZ WBK 59 336 5 ING Bank 6 158 5 Getin Nobłe Bank 43 687 5 Getin Nobłe Bank 48 964
6 Getin Nobłe Bank 57 101 6 Bank Millennium 5 225 6 Bank Millennium 40 983 6 BZ WBK 46 210
7 BGK 53 564 7 Bank Handlowy 4 875 7 BZ WBK 38 992 7 Bank Millennium 39 644
8 Bank Millennium 51 507 8 Getin Nobłe Bank 4 721 8 Kredyt Bank 30 677 8 BGK 33 765
9 Kredyt Bank 43 495 9 Bank BPH 4 148 9 Nordea Bank 27 478 9 Kredyt Bank 29 626
10 Bank Handlowy 41 856 10 Kredyt Bank 4 090 10 Bank BPH 26 482 10 Bank BGŻ 24 124
up from 7 th position 2) up from 9 th position 2)no change no change
1 PKO BP 6 487 1 PKO BP 1 854 1 PKO BP 5 791 1 PKO BP 1 953
2 Bank Pekao 4 138 2 Bank Pekao 1 391 2 Bank Pekao 3 823 2 Bank Pekao 1 415
3 BRE Bank 2 173 3 BZ WBK 773 3 BZ WBK 1 975 3 BZ WBK 695
4 Getin Nobłe Bank 2 141 4 BRE Bank 645 4 BRE Bank 1 898 4 BRE Bank 651
5 ING Bank 1 890 5 Getin Nobłe Bank 588 5 ING Bank 1 620 5 Bank Handlowy 474
6 BZ WBK 1 890 6 ING Bank 566 6 Bank Handlowy 1 413 6 ING Bank 439
7 Bank Millennium 1 524 7 Bank BPH 358 7 Getin Nobłe Bank 1 215 7 Santander Consumer 288
8 Kredyt Bank 1 171 8 Bank Handlowy 358 8 Bank Millennium 979 8 BGK 262
9 Credit Agricole 1 075 9 Bank Millennium 330 9 Bank BPH 924 9 Getin Nobłe Bank 239
10 Bank Handlowy 1 047 10 Alior Bank 301 10 Credit Agricole 849 10 Bank Millennium 221
no change no change down from 3 th position 2) 3) down from 3 th position 2) 3)
Assets Equity Loans Deposits
Interest income Fee and commission income Result from banking activities Net result
4
SUMMARY GETIN NOBLE BANK
over 12% …of CAR Bank already has
over PLN 1,1 bln …of issued sub debt
nearly PLN 300 mio …of equity increase registered by the Court in November; succesful issue of new J and K series
shares
30 ths …of active current accounts net monthly increase
61% …of income from current accounts (ROR) increase in 3Q’12 on a year-to-year basis
52% …of non-loans related income share
1/3 …of credit risk provisions decrease in w Q3’12 on a year-to-year basis
4% … are lower administration costs in 2012 (vs 3Q 2012 YTD) at 4% inflation rate
85% …of loan-to-deposit ratio; one of the lowest in the banking sector
15% … increase of average monthly high yield loans sale in 2012
in connection with startegi change in sales mix
48% …decrease of average monthly sale of mortgage loans in 2012 compared to the previous year
+0,1 pp … of NIM increase in 3Qą12 compared to 2Q’12
until the end of …Bank has got all CIRS transactions collateralised
Feb’2013
5
THE RECENT ACHIEVEMENTS GETIN NOBLE BANK
Successful merger with former Allianz Bank Polska S.A.
• scale of the transaction: ca. PLN 1 billion of assets and 80 ths of clients
Success of new shares in J and K series issue
• Issue of shares in two series:
• J series:
• amount: PLN 200 millions
• price: PLN 1,00 per share
• purpose – increase of capital adequacy ratio and financing organic growth
• K series:
• amount: PLN 96 millions
• price: PLN 1,60 per share
• purpose : potential and done aquisitions
• Total PLN 296 millions of new capital raised
• Oversubsriptions within Additonal Tranche of 3175,78% and average reduction rate of 96,95% in J series and 171,90% of oversubscription and 63,22% of reduction in K series
• Equity increase registered by the Court in November; impact on the CAR ca. +0,6 p.p.
Purchase of DnB NORD Bank • Purchase of the Retail and SME banking business from DnB NORD (Norwegian bank operations in Poland)
• On October 2nd 2012 Getin Noble Bank S.A. and Bank DnB NORD Polska S.A. have signed the preliminary agreement under which Getin Noble Bank will purchase an organized part of Bank DnB NORD Polska's banking business
• Scale ca. PLN 1 billion of assets and liabilities, estimated price: PLN 5 millions
Purchase of Dexia Kommunalkredit Bank
• Purchase of Dexia Kommunalkredit Bank Polska S.A. (Polish operations of Dexia Bank)
• On 7 November 2012, Getin Noble Bank S.A. and Dexia Kommunalkredit Bank AG signed a preliminary agreement for the acquisition by Getin Noble Bank of 100% shares of Dexia Kommunalkredit Bank Polska S.A.
• Scale ca. PLN 0,5 billion of assets and liabilities, estimated price: ca. PLN 57 millions (maximum of 70% of the banks net book value)
6
GETIN NOBLE BANK
Loan balance 41 971,5 +4,3%
Deposit balance 49 688,4 +9,7%
Result on risk provision -743,2 -17,3%
Profit before tax 368,4 -63,4%
ROE 10,8%
C/I 35,8%
CAR 4,5) over 12%
Non-loans 51,9% +11,6 p.p. related income share 4)
Loans/deposits 84,5% -4,4 p.p.
# branches 565 +44
# clients [mio] 2,1 +21,4%
PLN m
1) 2011 figures for the merged banks 2) Presentation of stand-alone date with regard to Idea Bank and Open Finance impact on 2011 financial results 3) In 2011, PLN 620 million in gain from the loss of control of Open Finance; in 2012, PLN 86 million in gain from the sale of Idea Bank. 4) Stand-alone GNB 5) Estimation of an actual CAR level 6) Result on provision for NIL and other accounts receivable to average loans volume; annualized factor
Cost of risk 4,6) 2,2% -0,9 p.p.
Balance sheet total 57 437,9 +7,0%
Equity 4 355,8 -1,1% (attributable to equity holders of the parent company)
Net interest income 957,0 -0,2%
Net fee and commission income 583,9 +4,1%
Net profit 3) 300,3 -67,0% (attributable to equity holders of the parent company)
PLN m; stand-alone data2)
PLN m; consolidated data
3Q 2012; change vs 3Q 20111)
KEY FINANCIAL RATIOS Success of implemented strategy Dynamic development with maintained stability and secure situation
Getin Noble Bank Noble Funds Noble Securities Open Finance Other activities and consolidation adj.
GNB Group(profit of the parent
company)
7
GETIN NOBLE BANK
7
2012
y/y change
1) According to 48,85% GNB’s share in profit of associated company PLN 37,1 m included into GNB consolidated profit
PROFIT OF THE BANK AND GROUP COMPANIES FOR Q3 2012
The Group’s banking activity was the main source of its net income.
PLN m cumulatively
268,4 -47,9%
10,5 -35,1%
16,6 -6,2%
-32,3
x 300,3
-67,0%
37,1 +15,8%
1)
PLN 38,6 m concerns adjustment for sale of Idea Bank
PLN -19,7 m adjustment for dividend from NF TFI
PLN -11,7 m adjustment for dividend from DM NS
PLN -7,1 m of OF dividend adjustment
PLN -14,4 m of profit attributable to non-controlling shareholders
PLN -18,0 m of other adjustments
8
One of the Bank’s strategic goals is to build a secure asset and liability structure in terms of foreign currencies and liquidity (liabilities with longer maturities, increased financing stability, alternative forms of improving liquidity by raising funds on the market)
Sub-debt total issue as of the end of Oct’2012 of over PLN 1,1 billions. Remaining PLN 40 millions of issued sub-debt in progress of inclusion to equity (impact on CAR of +0,1 p.p.)
Succesful equity increase through new shares issue in September 2012 registered by the Court in November 2012; PLN 296 millions of raised equity with impact on the CAR of ca. +0,65 p.p.
GETIN NOBLE BANK
1) Stand-alone GNB
GETIN NOBLE BANK
CAPITAL STABILITY AND BALANCE SHEET STRUCTURE SECURITY
Bank achieved its goal on solvency ratio at a level not lower than 12% at the end of 2012.
Capital adequacy ratio 1)
9,5%
11,6% over 12,0%
-2,9%
+ 5,0%
+ 210 pb c.a.+0,6%
2010 increase of capital requirements
increase of equity 30.09.2012 registered increase of equity from new
J and K series shares
current estimated CAR level
9
GETIN NOBLE BANK
During the first 9 months of 2012, the Bank attracted more than PLN 1,2 billion in deposits with maturities over 3 years.
Declining demand for financing – total increase of Bank’s deposit portfolio in first nine months of 2012 of PLN 2,6 billions, whereas in the same
period in 2011 it was nearly PLN 8,3 billions deposit increase.
DEPOSITS: BALANCE AND MARKET SHARE In the last 12 months, the Bank has grown at nearly four times the pace of the market growth rate
1) For 2011 figures for merged banks Getin Noble Bank and Get Bank
2) Market shares calculated on the basis of NBP data (market = banks operating in Poland + Polish branches of credit institutions and branches of foreign banks + SKOKs)
+9,7%
Saldo (mln PLN) 1) Udziały rynkowe (%) 2)
+0,2 p.p.
6,2%6,4%
30.09.2011 30.09.2012
45 289
49 688
30.09.2011 30.09.2012
10
ROR (CURRENT ACCOUNTS) GETIN NOBLE BANK
Bank increases current accounts portfolio at a pace of ca. 30 ths accounts per month
Efficient acquisition of accounts from other banks – nearly ¼ of accounts migrated between banks in October came to GNB
Success of the launched in the mid year project of active current accounts base increase, as one of indicatives aiming to decrease the cost of financing
New ROR and IKE accounts
[monthly; ‘000 ]
Migration of the accounts from other banks1)
[GNB’s marketshare]
1) Based on data from Związek Banków Polskich from OGNIVO platform
2) Incl. sales of interest-bearing current accounts at Get Bank in January-May 2012
2)
6,9%
10,1%
5,7%4,2%
7,0% 7,7%
27,9%
25,0%
Mar'12 Apr'12 May'12 Jun'12 Jul'12 Aug'12 Sep'12 Oct'12
9,611,2
19,1
14,1 15,1
18,6
27,7 28,7
32,3
28,3
Jan'12 Feb'12 Mar'12 Apr'12 May'12 Jun'12 Jul'12 Aug'12 Sep'12 Oct'12
649 623
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
60,0%
0
500
1 000
1 500
2 000
2 500
3 000
1-3Q'2011 1-3Q'2012
11
RESULT FROM BUSINESS OPERATIONS GETIN NOBLE BANK
Standalone net fee and commission income in 3Q 2012 increased by over 4% on a year-to-year basis. In consolidated terms, the figure fell as a result of inclusion of Idea Bank and Open Finance in 2011.
Consistent growth of the Bank’s non-lending revenue base
• In 2012, already nearly 52% of the Bank’s commissions were generated by non-lending activities, i.e. up by nearly 15 percentage points against the figure for 3Q 2011 YTD and up by nearly 10 percentage points in comparison to whole year 2011.
Decrease in fee and commission income in the third quarter of 2012 related to lower distribution of structured products.
Decrease in both cost of credit risk and administration costs Dynamically growing repeatable revenue – over a half of toal fees and commissions already
NII, F&C income and non-loans related income
(PLN m)
1) Stand-alone GNB; month-to-month
+12%
-3%
Credit risk provisions
(PLN m)
Administration cost
(PLN m)
-4 %
930762
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
60,0%
0
500
1 000
1 500
2 000
2 500
3 000
1-3Q'2011 1-3Q'2012
-18%
1 007 994
670 626
1 677 1 620
40,3%
51,9%
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
60,0%
-
500
1 000
1 500
2 000
2 500
3 000
1-3Q'2011 1-3Q'2012net interest income
net fee and commission income
non-loans related income share
12
GETIN NOBLE BANK
Focus on the sale of products with shorter amortisation periods and with higher spreads, such as cash loans, car loans, loans for SMEs and
leases. Sales of these products in H1’2012 were up against the average level for the previous year by nearly 15%, with a decrease in sales of
mortgage loans by nearly a half.
Sales in the first quarters of 2012 amounted to PLN 8,0 bln, which was an increase by over 25% compared to the previous year.
Share of foreign-currency loans in relation to the Bank’s total portfolio is steadily lower, with a drop to 36.2%4) as at the end of September 2012,
meaning it was lower by 5.9 p.p. than as at the end of 2011.
+4,3% +0,2 p.p.
5,2%
5,4%
30.09.2011 30.09.2012
973 1 004
1 370
1 042 1 102 1 051 1 016
796
1 052
889 786
882
1 060
806
1 060
832 906 890
823 831 808
-
200
400
600
800
1 000
1 200
1 400
1 600
1 800
LOANS: BALANCE AND MARKET SHARE Effective change of the Bank’s strategy – lower sales of mortgage loans offset by higher sales of high-margin products
Sale of loans (PLN m) 3) Portfolio balance (PLN m) 1) Market share (%) 2)
1) 2011 figures for merged banks Getin Noble Bank and Get Bank 2) Market shares calculated on the basis of NBP data (market = banks operating in Poland + Polish branches of credit institutions and branches of foreign banks + SKOKs) 3) Stand-alone GNB; January-June 2012 figures for the merged banks of Getin Noble Bank and Get Bank 4) Stand-alone GNB
40 252 41 971
30.09.2011 30.09.2012
GETIN NOBLE BANK
-51%
-48%
+6%
+15% 224 221
2011
117 152
2012
154 198
+28%
+30%
-1%
MARGIN2) 2,1% 7,1%
13
SALES MIX Sale structure change; shorter-term, faster-amortising loans, higher lending margins
Sales structure 1)
avg. month-to-moth sale [PLN m]
622
495
303
523
322
570
mortgage loans other loans
2011 Q3 2012 3Q 2012 YTD
Other loans avg. month-to-moth sale [PLN m]
car loans & leasing
retail loans
SME and corporate loans
1) Stand-alone GNB 2) A lending margin over WIBOR 3M for loans sold in 2012; the target margin level in the case of mortgage loans
14
GETIN NOBLE BANK
RETAIL LOANS +50,6%
High sales dynamic on the difficult market.
Over the last 12 months the Bank’s consumer credit balance grew by 12.6%,
whereas the entire banking sector reported decrease by 4.9%.
Total Q3 2012 sales increase of over a half on a year-to-year basis.
-2,0% +35,8%
SME AND CORPORATE LOANS
The Bank has already acquired over 100 thousand corporate customers.
H1 2012 sales of loans of over PLN 1.8 billion, i.e. 26.6% on a year-to-year
basis.
Sale (PLN m) 1) Portfolio (PLN m) 1,2)
RETAIL AND SME/CORPORATE LOANS Dynamically growing sales of high-margin loans Corporate loans portfolio grew 3 times faster than the market.
1) 2011 figures for merged banks Getin Noble Bank and Get Bank 2) Gross portfolio
314 333 398
496 472
Q3'2011 Q4'2011 Q1'2011 Q2'2011 Q3'2012
473 442
766
549 463
Q3'2011 Q4'2011 Q1'2012 Q2'2012 Q3'2012
+0,2%
4 278 4 306 4 177 4 171 4 286
30.09.2011 31.12.2011 31.03.2012 30.06.2012 30.09.2012
2 252 2 422 2 667
2 986 3 058
30.09.2011 31.12.2011 31.03.2012 30.06.2012 30.09.2012
15
GETIN NOBLE BANK
Sale of car loans (PLN m) Portfolio (PLN m) 1)
5th place in the market for leases on cars and delivery vehicles with a GVR of up to 3.5 tonnes.
7th place in the Polish movables lease market after the first three quarters of 2012.
Nearly 75% increase in sales of loans at Opel and Chevrolet dealerships.
Sales of car loans continued at high levels despite low dynamic in sales of new vehicles (+2%) and despite a decrease in import of used vehicles (-4.5%) 2)
Sales decrease on year-to-year basis deriving from deconsolidation of Idea Bank. Stand-alone GNB noted an increase of 9% y/y.
-2,4% -2,5%
Leasing (PLN m) -13,4%
399 360
412 415 390
Q3'2011 Q4'2011 Q1'2012 Q2'2012 Q3'2012
282 278 249
278 245
Q3'2011 Q4'2011 Q1'2012 Q2'2012 Q3'2012
CAR LOANS AND LEASING Maintained position of leader in car loans
1) Balance of gross car loans portfolio
2) Figures according to SAMAR report
4 188 4 131 4 066 4 088 4 082
30.09.2011 31.12.2011 31.03.2012 30.06.2012 30.09.2012
16
GETIN NOBLE BANK
Cost of credit risk (%) 1)
A noticeable decrease in credit risk charges in 2012, i.e. by over PLN 170 millions (28% on a year-to-year basis), meaning a decrease of almost PLN 225 millions on a year-to-year basis).
Lower costs of risk, with a growing loan balance, confirm the continuously improving quality of the Bank’s loan portfolio.
A one-off increase of retail credit risk charges related to „technical” effect of an impact of bank assets sale in Q1 2012 on model factors as well as deriving from breakdowns in collection IT systems.
31.12.2011 30.09.2012 change
1,1% -2,50 p.p.
2,1% -1,37 p.p.
2,3% -0,41 p.p.
2,5% -1,37 p.p.
2,2% -0,76 p.p.
Impairment charges and loans balance (PLN m) 4)
Avg monthly impairment charges (PLN ‘000) 3) 4)
3,6%
3,5%
2,7%
3,9%
2,9%
CREDIT RISK
Noticeable results of measures aimed at improving asset quality
corporate loans
car loans 2)
mortgage loans
retail loans
loans total
1) Result on provision for NIL and other accounts receivable to average loans volume; annualized factor; stand-alone GNB
2) Including leasing
3) Stand-alone GNB
4) Q1 2012 and Q2 2012 figures for the merged banks
of Getin Noble Bank and Get Bank
281 292262
222 235
319
365
290
248 246268
26 277
29 934 30 856 33 454
34 871
37 620 39 694 40 471 40 758
42 068 41 971
-
5 000
10 000
15 000
20 000
25 000
30 000
35 000
40 000
45 000
Q1'2010 Q2'2010 Q3'2010 Q4'2010 Q1'2011 Q2'2011 Q3'2011 Q4'2011 Q1'2012 Q2'2012 Q3'2012
0
100
200
300
400
500
600
impairment charges loans portfolio balance
1Q'2011 2Q'2011 3Q'2011 4Q'2011 1Q'2012 2Q'2012 3Q'2012 Oct'12
TOTAL LOANS 76 328 103 860 115 725 95 087 80 406 79 767 87 574 69 134
car loans 20 752 18 413 12 448 8 092 5 578 5 927 9 669 7 276
mortgage loans 34 922 66 823 86 413 77 230 72 407 67 079 52 708 39 768
retail loans 15 388 12 698 10 305 6 949 2 396 - 3 587 22 827 16 687
corporate loans 5 267 5 926 6 559 2 816 4 818 3 174 2 370 5 403
2011 2012
1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12
6 12 Risk apetite 6M Risk apetite 12M
1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12
6 12 Risk apetite 6M Risk apetite 12M
1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12
6 12 Risk apetite 12M Risk apetite 6M
17
GETIN NOBLE BANK
Retail loans Car loans
Mortgage loans
CREDIT RISK The quality of the Bank’s new loan portfolio was maintained within the limits of its „risk appetite” policy.
Loan default rates: 90+ after 6 and 12 months from loan disbursement for loans disbursed in the different
quarters starting from 2008
18
CREDIT RISK GETIN NOBLE BANK
Bank efficiently adjusts procedures of evaluation and acceptance to market conditions and clients’ situation
Retail loans
Interest on 30 DPD in repayment of the third instalment (%)
6,4% 6,6%
3,5%
2,2%2,7%
3,1%
1,6%
01'08 05'08 09'08 01'09 05'09 09'09 01'10 05'10 09'10 01'11 05'11 09'11 01'12 05'12
1,9%
3,0%
1,8%
1,0%1,6%
0,8%
0,7%
01'08 05'08 09'08 01'09 05'09 09'09 01'10 05'10 09'10 01'11 05'11 09'11 01'12 05'12
Car loans
Interest on 30 DPD in repayment of the third instalment (%)
INVESTMENT ACTIVITIES GETIN NOBLE BANK
19
Main transactions carried out in last years
PURCHASE SALE
2009
NOBLE Securities S.A. (former Polonia NET S.A.
Brokerage House)
GMAC Bank Polska S.A.
2011
Link4 Life TUnŻ S.A. Open Finance
(IPO; GNB did not participate in capital increase and sold 23,5
mio of OF shares)
TU Europa S.A.
Allianz Bank Polska S.A. 2010
2012
DnB NORD Polska S.A.
Dexia Kommunalkredit Bank Polska S.A.
Idea Bank S.A. [former GMAC Bank Polska S.A.]
Open Life TUŻ S.A. [former Link4 Life TUnŻ S.A.]
20
THE RECENT TRANSACTION – ACQUISITION OF DNB NORD POLSKA’S RETAIL BUSINESS
GETIN NOBLE BANK
• Legal construction: organized part of the banking enterprise.
• Loan portfolio of PLN 975 millions, the transaction will probably affect about PLN 700 millions of loan balance (after obtaining clients’ approvals) – average monthly loans sales in GNB.
• Deposit portfolio – no less than the loan balance – a condition to the transaction, what implies there is no liquidity strain for GNB, moreover lower cost of financing.
• Relatively short-term loans (40% mature until the end of 2015 and 90% until 2020) – dilution of maturity terms in GNB in line with the current Bank’s strategy.
• Most of loans in PLN (only about PLN 20 millions FX loans for SME).
• Borrowers: housing condominiums (PLN 690 millions), SME (PLN 270 millions), retail clients (PLN 13 millions) – positive change in GNB’s loan mix.
• The NPLs excluded from the transaction – a positive impact on the risk profile, „healthy portfolio”.
• 35 thousands of clients' accounts and 38 branches.
• Impact on CAR - 0,15% - capital from the new issue of shares (PLN 300 millions) and PLN 190 millions of sub-debt to be added to capital ensure CAR level at minimum 12%.
• Positive impact on GNB’s financial result (SME portfolio purchase with proportionate discount, other elements not more than cost of organic acquisition).
21
THE RECENT TRANSACTION – PURCHASE OF 100% OF DEXIA KOMMUNALKREDIT BANK POLSKA SHARES
GETIN NOBLE BANK
• Legal construction: purchase of 100% of bank’s shares
• Price: maximum of 70% of the bank’s book value, what indicates estimated value of the transaction reaching around PLN 57 millions
• Equity of Dexia Bank amounts to over PLN 80 millions; balance sheet total exceeds PLN 500 million; Tier 1 solvency ratio exceeds 59%
• 9 months into 2012, Dexia Kommunalkredit Bank Polska has generated a positive financial result
• Loan portfolio: total amount of nearly PLN 0,5 billion
• Deposit portfolio: attractive source of financing in the form of European Investment Bank funds of total PLN 370 millions of long term financing, without depreciation, with price slightly above WIBOR; positive impact on GNB’s liquidity situation and lower cost of financing comparing to GNB; preliminary positive decision of EIB
• All loans granted to local self-government authorities and their subsidiaries as well as in infrastructure projects
• Estimated impact on GNB’s CAR level of +0,15%
• Positive impact on GNB’s financial result (purchase price with a discount to the net book value)
• Additional few millions of tax shield
GETIN UP – A NEW CONSIDERED BANKING GETIN NOBLE BANK
22
• Getin UP is a long term project performed under Getin Bank brand. The main goal of the project is to place the Bank in line of category leaders.
• First stage includes implementation of a modern internet banking and introduction of a new banking account Getin UP.
• Each element of the offer was based on latest global trends of internet banking. We put on functionality and usability because modern banking has to be simple and practical.
• Getin UP is „anew considered banking”. Many of proposed solutions were rebuilt from scratch to make them more convenient and efficient.
GETIN UP – TECHNOLOGICAL REVOLUTION IN GETIN BANK GETIN NOBLE BANK
23
• Getin UP account combines in one place all available on the market technological news. This is an unique combination of 4 elements:
• Innovative transfers with possibility to make them without knowing recipient’s account number, via Facebook, SMS, E-mail
• Mobile banking – mobile banking application (Android and iOS), contactless payment via mobile phone (NFC and Pay Pass sticker), invoice payment via QR codes
• Practical tools to control expenses – Personal Finance Manager, which helps to track day to day expenses, the world’s first display card (MasterCard Display), which displays an account balance
• Friendly Saving – new functionalities and applications which helps to motivate in saving: Targeted Savings Accounts, Keep The Change option, application for impulse saving
• Additionally we want to offer our clients completely new design of our internet banking. The new user interface will present useful information in an attractive way.
GETIN UP – SKOK TECHNOLOGICZNY W GETIN BANKU GETIN NOBLE BANK
24
KEY FINANCIAL DATA GETIN NOBLE BANK
PLN m 30.09.2012 31.12.2011 1)
4 355,8 -1,1%
57 437,9 +7,0%
41 971,5 +4,3%
49 688,4 +9,7%
PLN m
Net interes income 2) 3)
C /I - consolidated (%) 4)
NIM 5)
CAR 2) 4)
30.09.2012/ 30.09.2011
25
ROE 4)
1) For the year 2011 merged date of Getin Noble Bank and Get Bank 2) stand-alone GNB 3) stand-alone date with regard to Idea Bank and Open Finance impact on 2011 financial results
30.09.2011 1)
+3,1%
+5,4%
+2,2%
+5,6%
30.09.2012/ 31.12.2011
4 406,4
53 671,5
40 252,0
45 288,6
4 224,7
54 488,0
41 055,6
47 059,4
35,8%
2,5%
11,6%
+10,6 p.p.
-0,5 p.p.
+1,4 p.p.
10,8%
+1,0 p.p.
+0,1 p.p.
+0,7 p.p.
25,2%
2,9%
10,2% 6)
36,2%
34,8%
2,4%
10,9%
13,3% -25,4 p.p. -2,4 p.p.
3Q 2012
328,0
-200,5
61,4
2Q 2012
-5,9%
-13,4%
-35,1%
3Q’12/ 3Q’11 3Q 2011 1)
+4,6%
-6,9%
-25,4%
3Q’12/ 2Q’12
348,7
-231,6
94,6
313,6
-215,4
82,4
4) YTD data 5) QTD data 6) GNB data
Net fee and commission income 2) 3) 177,1 -7,8% -10,9% 192,1 198,9
1 148,9 +223,6% +187,2% 355,0 400,0 Sub debt
Equity
(attributable to equity holders of the parent company)
Balance sheet total
Loans balance
Deposits balance
Overhead costs
(attributable to equity holders of the parent company)
Net profit
26
DISCLAIMER GETIN NOBLE BANK
This presentation has been prepared for information purposes only to be used by Getin Noble Bank S.A.’s customers and shareholders and by market analysts and may not be considered as an offer
or recommendation to execute any transactions. The information contained in this presentation is based on publicly available and reliable sources. However, Getin Noble Bank S.A. cannot
guarantee that this information is complete. Getin Noble Bank S.A. takes no responsibility for the consequences of any decisions based on any information contained in this presentation. The
information contained in this presentation has never been subject to independent verification and may at any time be subject to change or modification. The publication by Getin Noble Bank S.A.
of the figures contained in this presentation is not a breach of the regulations applicable to companies whose shares are traded on a regulated market. The information provided in this
presentation has already been disclosed in current or periodic reports published by Getin Noble Bank S.A. or constitutes an addition to those reports, and its publication does not require the bank
to fulfil the obligation to provide information as imposed on the bank as a public company. The content of this presentation may not, in any case, be interpreted as an express or implied statement
or assurance made by the company or its representatives. In addition, neither the company nor its representatives may be held liable, in any way (as a result of negligence or for any other reason)
for any loss or damage that might arise in connection with use of this presentation or any content of this presentation or that might arise in any other way in connection with the information
contained in this presentation. n the event of a change to the company’s strategy or intentions or in the event of unexpected facts or circumstances affecting the company’s strategy or intentions,
the company is not responsible for informing the public of any possible modifications or changes to any information, data or statements provided in this presentation. This presentation contains
information relating to the Polish banking sector, including information on the company’s market share. Except for information described as based on other sources only, the market-related
information referred to above has been prepared based on data from the sources of the third persons named in this document and includes estimates, assessments, corrections and opinions based
on the company’s experience and knowledge of the sector in which the company operates. Since the market-related information referred to above has in part been prepared based on estimates,
assessments, corrections and opinions and has not been verified by independent third persons (except for information described as based on the sources of third persons), the information is, to
some degree, subjective in nature. It is presumed that the above estimates, assessments, corrections and opinions are based on reasonable grounds and that the market-related information
properly reflects the situation in the banking sector and in the markets in which the company operates. However, it is not certain that the estimates, assessments, corrections and opinions are the
most appropriate basis for conclusions relating to market information or that market information prepared by other sources will not be considerably different from the market-related information
contained in this presentation. Please note that the only reliable source of information on the situation of Getin Noble Bank S.A., forecasts, events, financial results and indicators is the current and
periodic reports published by Getin Noble Bank S.A. as part of its obligation to provide information.