Structured Finance and Financial Institutions Department / February 2005 1 February 2005 PKO IN A...
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Transcript of Structured Finance and Financial Institutions Department / February 2005 1 February 2005 PKO IN A...
Structured Finance and Financial Institutions Department / February 2005 1
February 2005
PKO IN A NUTSHELL
Structured Finance and Financial Institutions Department / February 2005 2
Total Assetsof Polish Banks
0
50
100
150
200
250
300
350
400
450
500
1999 2000 2001 2002 2003
bn PLN
Structured Finance and Financial Institutions Department / February 2005 3
PKO Bank Polski
Overview
85 years of tradition
Largest branch network in Poland(1 266 own branches, 2 725 agencies)
Ratings: Moody’s: Long-Term A2, Short-Term P-1
Capital Intelligence: LT BBB+, ST A2
Standard & Poors: Long-Term BBBpi
PKO is handling 5,5 mio accounts for
individual customers
5,4 mio banking cards issued
Structured Finance and Financial Institutions Department / February 2005 4
Retail banking
Private and corporate lending
Foreign exchange
International settlements
Trade finance
Brokerage
Leasing
Internet banking
PKO Productsand Services
Structured Finance and Financial Institutions Department / February 2005 5
Bank’s Organization
Specialist Units 13 Regional CorporateBranches
B ra n ch B ra n ch B ra n ch
12 Regional RetailBranches
H ead O ffice
M anag em ent Bo ard
Supervisory B oardCorporate Centres: 70
Branches: 1266
December, 2004
Structured Finance and Financial Institutions Department / February 2005 6
PKO Group PKO/Credit Suisse Mutual Fund - mutual fund created in co-operation with Credit Suisse in July 1997. PKO was the first bank in Poland which obtained The Security Commission’s permission to sell units through the banking network
Bankowy PTE S.A. - wholly-owned common pension fund established in August 1998 in order to conduct activity within the so-called second pillar of social security system
BANKOWY Fundusz Leasingowy S.A. - leasing subsidiary created in February 1999
PKO Inwestycje S.A. - investment company, specializing in big developmental projects, established in 2001
eService - electronic payment (cards) settlements centre established in August 1999 (as the third one on the market)
Inteligo Financial Services S.A. - internet banking services
Structured Finance and Financial Institutions Department / February 2005 7
PKO Growth1991-2004
Balance Sheet Total
in PLN bn(nominal value)
€ 1 = PLN 4.0 (Feb 05)8,05 10,32
13,4417,85
27,868
36,54
47,88
58,2360,53
69,25
79,2582,0284,42
87,42
0
10
20
30
40
50
60
70
80
90
100
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Structured Finance and Financial Institutions Department / February 2005 8
PKO’s privatisation
Changes in the ownership structure
51,0%
10,5%
29,2%
8,5%
0,8%
State Treasury employees domestic investors
foreign investors additional pool
Offer structure
22,1%
34,3%
41,6%
2,0%
Foreign investors Domestic institutional inverstors
Individual investors Additional pool
11 X
Launch of PKO BP stock sales to holders of privatization
deposits
21 X
Announcing of the official price range for the shares
22 X - 3 XI
Individuals subscribing to shares in the brokerage
houses
22 X - 3 XI
Registration of shares purchase statement from
institutional investors
3 XI
Setting of the share price
6 XI
Allocation of shares to individual investors during the
special stock exchange session
10 XI
Date of PKO BP's first listing at the Warsaw Stock
Exchange
Structured Finance and Financial Institutions Department / February 2005 9
Client Base
Over 5.5 million personal current accounts
Ca. 2.6 million savings books
Ca. 440 thousand corporate accounts - mainly small
and medium size companies December 2004
Structured Finance and Financial Institutions Department / February 2005 10
Personal Current Accounts
PKO market shareDecember 2004
34,0%
14,0%8,0%
7,5%6,5%
6,5%
23,5%
PKO BP SA Pekao SA Bank BPH BZ WBK
ING BSK BRE Bank Others
Source: IBnGR
Structured Finance and Financial Institutions Department / February 2005 11
Personal Internet Bank Accounts
PKO market share
December 2004
13,8%
22,5%
14,2%11,0%
7,3%
31,2%
Inteligo PKO BP mbank BZ WBK Pekao SA Bank BPH Others
Structured Finance and Financial Institutions Department / February 2005 12
PKO’s Position in the
Polish Banking Market
(estimations)
No 1 in terms of assets - ca 17% of the banking sector (September 2004)
No 1 in terms of capital - ca 15% of the banking sector (September 2004)
No 1 in terms of outlets *( 3 991 outlets, including agencies)- ca 40% of the market (December 2004)
No 1 in terms of current accounts for individuals - ca 34% of the market (December 2004)
No 1 in terms of credits granted - ca 14% of the
market (December 2004)
No 1 in cash and payment cards issued
(5,44 million) – ca.25% of the market (December 2004)
No 1 in number of ATMs - 1785 installed machines, ca 22% of the market (December 2004)
* without co-operative banks
Structured Finance and Financial Institutions Department / February 2005 13
Total AssetsSeptember 2004
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
PKO BP Pekao Bank BPH Citibank ING BSK BRE Bank
mio PLN
Structured Finance and Financial Institutions Department / February 2005 14
Net Profits – 3rd quarter of 2004
0
200
400
600
800
1000
1200
1400
PKO BP Pekao Bank BPH BZ WBK Citibank
mio PLN
Structured Finance and Financial Institutions Department / February 2005 15
Ratio Analysis 2002 2003 I-IX 2004*
(C/I ratio) 62,90% 65,76% 67,18%
ROA 1,30% 1,43% 1,75%
ROE 22,27% 20,05% 20,94%**
Capital adequacy ratio 13,15% 15,04% 16,73%
Profit (loss) before taxation mil PLN
1 429 1 634 1 803
Profit (loss) after taxation mil PLN
1 051 1 228 1 514
Total assets mil PLN 82 018 84 372 87 426
*data not audited **ROE net computed as proportion of net profit/ (loss) for the 12 month period to the arithmetic average of equity (including profits brought forward and profit for the year) at the beginning and at the end of the period
Structured Finance and Financial Institutions Department / February 2005 16
DEPARTAMENT FINANSOWANIA STRUKTURALNEGO I INSTYTUCJI FINANSOWYCH
ul. Puławska 1500-975 Warszawa
tel: (48 22) 521 80 67fax.: (48 22) 521 80 68