CREDIT EUROPE BANK NV

CREDIT EUROPE
BANK NV
Based on 2011 December end
Consolidated figures
FIBA Group
“International conglomerate with robust capital position and expertise in financial sector”
Fiba Holding
$14.8 bn (1)
Other Financial
Services
Banking
•
•
•
•
•
•
•
CEB NV
• Credit Europe Group
CEB Suisse
CEB Romania
CEB Russia
CEB Ukraine
CEB Dubai
Fibabanka A.Ş.
(The Netherlands)
•
•
•
•
CEL Romania (Leasing)
CEL Russia (Leasing)
CEL Ukraine (Leasing)
Credit Europe Ipotecar
Romania (Mortgage)
• Credit Europe Asigurari
Romania (Non-life
insurance)
• CE Life Insurance Russia
• Fiba Factoring Turkey
• Girişim NPL Management
Fina Holding
$3.8 bn (2)
Real Estate
Retail
Marine & Logistics
• Marks & Spencer
Turkey, Russia,
Ukraine
• Gim ROM
Romania
• Gap & Banana
Republic Turkey,
Russia
Energy
• Fina Energy Holding
Turkey
Real Estate
Development
• Fiba Real Estate
Turkey
• Anchor Group
Romania
• Emrei Holland
Real Estate
Management
• Fiba Mall
Management
Turkey
• AJT (Swissôtel
Istanbul) Turkey
Port
Kumport Port
Services Turkey
•
•
•
•
Enda Energy Turkey
Other
• Fiba Air Turkey
• Fiba Capital Holdings
Turkey
Ütopya Energy Turkey
• Auto Partners Russia
• GF Research &
Samandağ Energy
Turkey
• Wall Street Institute
Fina Electric Energy
• Ziyaret Enerji Turkey
Development Turkey
School of English Russia
• Girişim Factoring
Turkey
Turkey
• RCT NPL Management
Turkey
(1) Total assets as of December 31, 2011
(2) Total assets as of December 31, 2010.
2
Financial
Non-financial
Group Structure
Product Matrix
FIBA Holding AS.
(TR)
95%
Credit Europe
Group N.V.
(NL)
98.14%
99.99%
100%
100%
Credit Europe
Bank (Suisse) SA
(CH)
Credit Europe
Bank Ltd
(UAE)
100%
98.40%
CJSC Credit
Europe Bank
(UA)
Corporate & Commercial Banking
Credit Europe
Leasing LLC
(UA)
Retail Banking
Credit Europe
Leasing LLC
(RU)
Private Banking and Portfolio Management
Representative Office
Fibabanka (TR)
97.63% 98.79%
Banks
Other Financial Institutions
3
Credit Europe
Bank SA
(RO)
China
Turkey
U.A.E.
Ukraine
Russia
Romania
Malta
Balgium
Switzerland
Credit Europe
Bank Ltd
(RU)
Netherlands
Credit Europe
Bank N.V.
(NL)
Germany
100.%
Core Skills
Parent company CEB NV, located in the Netherlands;
CHARACTERISTICS
is the center of steering and coordination (DNB is ultimate supervisor of the whole Group at consolidated
level)
applies Dutch Code of Conduct and Corporate Governance for all Group entities
Subsidiaries act as commercial networks, creating local assets and liabilities
Low leveraged, transparent and plain balance sheet management
BUSINESS MODEL
“Simple Banking” model, conventional, easy to use loan and deposit products
Proven track record of profitability; committed shareholder; “no dividend payment” supports
continuous growth while enhancing capital ratios
Structured trade and commodity finance, specialized in agriculture, metals and energy
CORE SKILLS
Straightforward and effective retail products in 8 European countries
More than 20 years of experience in “Developed and Emerging Europe”
4
Roadmap 2012
Strengthen the franchise in selected products and business lines in present markets
Global Major Business Lines
Lending
Retail
Banking
Deposits
Structured Trade & Commodity Finance
Corporate
Banking
Balance Sheet Lending
5
Strategy
Cutting edge technology is the main pillar of retail banking strategy
Customer acceptance criteria is based on an objective score card
decision engine, an automated system developed in-house
The architecture of the scoring model is unique and central; is finetuned locally in different countries based on loss statistics and
customer behaviors
Further increase geographical diversification of retail deposits
Further investment in technology in order to improve customer
satisfaction and reduce operational costs while offering better rates
Global Head for local trade finance teams in Malta, Dubai and
Switzerland
Increase market share in selected commodities
Value chain; diffuse into the supplier base of trade finance
customers by leveraging local presence of CEB branches and
subsidiaries
CEB NV Consolidated– Balance Sheet
ASSETS (€'000)
Cash and balances at central banks
Financial assets at FVPL
Financial investments
Due from banks
Loans to customers (net)
Derivative financial instruments
Property and equipment
Other assets
Total assets
Dec-09
1,596,422
995,730
1,117,840
615,514
5,218,687
202,266
104,870
104,281
9,955,612
Dec-10
1,234,925
143,341
1,414,367
785,800
5,853,532
210,208
119,302
241,636
10,003,111
YoY/Δ
43%
(68%)
(50%)
(24%)
12%
96%
42%
5%
5%
Dec-11
1,770,458
46,270
700,140
596,956
6,556,345
412,331
169,313
252,901
10,504,714
LIABILITIES
Due to banks
Due to customers
Derivative financial instruments
Issued debt securities
Other liabilities
Subordinated liabilities
Total liabilities
1,317,185
7,223,360
198,625
214,338
140,528
223,490
9,317,525
1,114,287
7,185,153
312,812
301,279
120,544
236,178
9,270,254
(27%)
5%
65%
66%
18%
15%
5%
812,996
7,519,808
517,296
501,439
142,031
272,538
9,766,108
399,500
163,748
49,277
135,469
(17,963)
(2,321)
(107,232)
620,478
17,608
638,086
9,955,612
429,500
163,748
99,941
184,746
(87,446)
(10,983)
(69,074)
710,431
22,427
732,858
10,003,111
0%
0%
n.a.
39%
10%
179%
32%
2%
(43%)
1%
5%
429,500
163,748
92,656
257,700
(96,291)
(30,603)
(90,975)
725,736
12,870
738,606
10,504,714
Dec-09
52.42%
75.5%
Dec-10
58.52%
76.8%
YoY/Δ
3.9%
7.5%
Dec-11
62.41%
84.4%
EQUITY
Share capital
Share premium
CY P&L
Retained earnings
Hedge reserves
Fair value reserves
Translation reserve
Total equity attributable to shareholders
Equity attributable to minority
Total equity
Total equity and liabilities
Key Ratios:
- Loans/Assets
- Av. Loans/Av. Deposits
6
Focus on core expertise.
12% growth in the loan book and closed the year with an
outstanding portfolio size of EUR 6.6 billion.
Loans to assets% stood at 62%
Diversified franchise with a focus on Corporate and
Retail banking.
In 2012 CEB projects a modest growth in selected
markets and products.
Based on a “retail driven” growth, loan book size will reach
EUR 7.0 billion by 2012 end. Loans to assets% will be at
63%.
Retail loan ratio in the total loan book will reach 45%,
whereas while Corporate Banking portfolio will be 47%.
Liquid balance sheet structure
CEB has cash balances of EUR 1.8 billion and short-term
bank balances of EUR 0.6 billion as per year-end.
Low leveraged business model
Total Assets / Tier I capital base is stands at 12.4
Healthy loan to deposit ratio
87% at the consolidated level
CEB NV Consolidated– Income Statement
INCOME STATEMENT (€'000)
2009
2010
YoY/Δ
Dec-11
1,103,449
(762,061)
341,388
816,950
(494,408)
322,543
8%
(1%)
20%
879,258
(491,885)
387,373
78,624
(23,700)
54,924
89,873
(19,946)
69,927
24%
69%
12%
111,815
(33,680)
78,135
Net trading income
Other operating income
Operating income
75,312
3,788
79,100
59,901
18,210
78,111
(56%)
42%
(33%)
26,553
25,843
52,396
Impairment losses
Net operating income
(159,801)
315,611
(104,586)
365,994
(3%)
14%
(101,911)
415,994
Personnel expenses
General and administrative expenses
Depreciation and amortization
Other operating expenses
Other impairment losses
Total operating expenses
(126,342)
(90,533)
(15,552)
(3,608)
(1,939)
(237,974)
(128,397)
(79,402)
(14,116)
(15,202)
(2,234)
(239,351)
27%
19%
60%
(30%)
129%
24%
(162,986)
(94,696)
(22,646)
(10,635)
(5,109)
(296,072)
n.m.
(75)
Interest income
Interest expense
Net interest income
Fees and commission income
Fees and commission expense
Net fee and commission income
Share of profit of associate
Profit before tax
Income tax expense
Profit for the year
-
504
77,637
(27,106)
50,531
127,148
(24,921)
102,226
(6%)
3%
(8%)
119,847
(25,590)
94,257
49,277
1,254
99,941
2,286
(7%)
(30%)
92,656
1,601
Key Ratios:
2009
- NIM
3.5%
- Cost / Income (excl. impairment losses) 50.1%
- RoAA (after tax)
0.5%
- RoAE (after tax)
7.9%
2010
3.6%
50.9%
1.3%
15.2%
Attributable to
Shareholders of the parent company
Minority interest
7
Dec-11
4.4%
57.2%
1.0%
12.6%
The Bank has a proven business model that generates
sustainable profit through diversified income
resources
Despite the volatile market conditions Bank has
maintained its strong performance confirming its
sound business fundamentals
Total interest and commission income of the Bank has
reached EUR 465 million which 18% higher compared to
2010
Stable asset quality and cost of credit level in 2011
impairment losses are slightly lower compared to previous
year.
Continuous investments in the Bank’s distribution
network (particularly for CEB Russia and for
Fibabanka)
Capital Position
Consistent low leverage profile
Considerable increase in Tier I ratio
No dividend payment to the ultimate shareholder; significant capital
generating capacity via retained earnings
Strong shareholder, dedicated to strengthen the franchise
Organic growth will continue, reinvestment of the profits into the
business
8
Snapshot of CEB Group
CEB NL
CEB Russia
CEB
Romania
Fibabanka
CEB
Suisse
CEB Dubai
CEB
Ukraine
CEL
Romania
CEL
Russia
CEL
Ukraine
Consolidated
CEB
Total Assets (€mm)
6,868
2,358
1,175
1,019
647
162
157
98
45
25
10,505
Loans to customers
(€mm)
2,613
1,930
825
862
221
65
104
56
39
8
6,556
Customer Deposits
(€mm)
5,120
812
539
823
199
17
15
-
-
-
7,520
PBT (€mm)
15.4
85.1
3.1
12.2
7.6
3.8
1.6
(1.8)
4.2
(0.6)
119.8
# of Employees
379
4,593
1,040
438
51
17
125
31
25
11
6,710
# of Customers
('000s)
386
2,345
666
33
1.3
0.02
4.3
0.8
0.1
0.01
3,437
Branches;
Direct
sales;
ATMs; Call
center
Branches;
Direct
sales;
ATMs;
POSs; Call
center
Branches;
Direct sales;
ATMs; Call
center
124
76
21
Key Retail
Distribution Channels
# of Branches
* SPV’s are not reflected
9
Direct
sales;
Internet
banking;
Call
center
4
n/a
n/a
-
-
Branches
;
Direct
sales;
n/a
n/a
n/a
2
n/a
n/a
n/a
-
229
CEB Netherlands
Established in 1994
(€mm)
Ranked top 10 amongst Dutch banks by consolidated asset size YE2010
Balance Sheet
Rated Ba2 outlook positive by Moody’s and BB outlook stable by Fitch
2009
2010
2011
Total Assets
8,330.5
7,564.2
6,867.7
Major business lines; retail, corporate ( international trade finance) banking and
financial institutions
Loans to customers, net
2,655.9
2,739.5
2,613.2
Securities
1,930.7
1,013.4
556.2
379 employees
Customer Deposits
6,002.7
5,397.9
5,119.7
Shareholders’ Equity
620.5
710.4
725.7
Income Statement
2009
2010
NII
81.2
55.2
79.7
Net Fee & Com Income
14.2
19.4
20.0
Total Operating Income
136.4
107.9
127.7
Credit Loss Charges
50.3
40.4
51.7
Personnel Expenses
39.0
31.9
36.5
Operating Expenses
22.1
19.2
24.0
Net Income
11.2
14.7
11.6
Key Ratios
2009
2010
Loan Portfolio
Assets
Other,
1,363 ,
20%
Retail,
560 , 21%
Loans,
2,613 ,
38%
Cash&CB
balances,
1,364 ,
20%
Corporate
, 2,053 ,
79%
10
Securities,
556 , 8%
NIM
Cost/Income Ratio
Cost of credit
Due from
banks,
971 , 14%
Av. Deposits/ Av. Loans
RoAA (After Tax)
2011
2011
1.0%
0.8%
1.5%
44.6%
47.3%
47.4%
1.5%
1.6%
2.1%
228%
216%
197%
0.1%
0.2%
0.2%
CEB Netherlands
CORPORATE BANKING
Serving over 1,500 clients in 40 countries
Well diversified loan portfolio composed of:
Structured trade and commodity
finance
Balance sheet lending
Marine finance
Specialized in following commodities
Metals (Ferrous and non-ferrous)
Energy materials (oil & coal)
Agro-chemicals (incl fertilizers)
General chemicals (plasticizers and
polymers)
Soft commodities (excl perishables)
Serving more than 200 worldwide freight
brokers and ship owners for the daily cash
flows
Further focus on asset creation in G10
countries
Flexibility to adjust product characteristics
and pricing very rapidly to be able to cope
with changing market conditions to minimize
the potential adverse effects
11
RETAIL BANKING
Operating in 4 countries; Netherlands,
Germany, Belgium, Malta
Focus on customer-friendly direct banking
products:
Savings: Daily Deposits, Time
Deposits
Loans: Installment Loan, Revolving
Loan and loan related insurance
products
4.5 billion EUR deposit base
Retail loan portfolio in the Netherlands,
Germany and Belgium
Customer services in Dutch, German, English,
French and Maltese via multi-lingual teams;
centralized in Frankfurt.
Automation and outsourcing of standard
processes
BANK RELATIONS
Holds relationship to more than 350 banks and
forfaiting counterparties both in developed and
emerging economies
Focus on;
Originating and trading trade related FI
assets: Letters of Credits, syndicated
and bilateral loan facilities, promissory
notes, B/E’s
Trading corporate assets: Syndicated
and bilateral loan facilities
In 2010 originated and traded assets over USD
1.7 billion
Member of International Forfaiting Association
Member of IFC’s Global Trade Finance and
EBRD’s Trade Finance Programs as confirming
bank
CEB Russia
Established in 1997 as a subsidiary of Fiba Group
(€mm)
Operates under full banking license and is supervised by Russian Central Bank and
Dutch Central Bank as subsidiary of Credit Europe Bank N.V.
Balance Sheet
2009
2010
2011
Total Assets
1,608.4
2,079.8
2,357.8
Rated Ba3 by Moody’s and BB- by Fitch
Loans to customers, net
1,110.6
1,481.6
1,929.6
Presence in 48 cities and 40 regions of Russia, covering an area which accounts for
85% of retail banking activities in Russia (2)
Customer Deposits
505.4
773.2
812.2
Debt Securities Issued
447.2
437.3
610.7
Shareholders’ Equity
292.3
356.6
382.7
4,593 employees in 124 branches
Reputable bank in Russian banking system, eligible for Ministry of Finance, Central
Bank and Housing Fund financing facilities; eligible for Pension Fund deposits and its
guarantees are accepted by CBR and Russian Customs
Loan Portfolio
SME, 136
, 7%
Assets
Other, 87 ,
4%
Corporate,
489 , 25%
Cash &
Banks,
265 , 11%
Securities,
76 , 3%
Income Statement
2009
2010
2011
NII
141.1
154.4
197.4
Net Fee & Com Income
17.7
22.3
26.9
Total Operating Income
188.7
197.8
237.4
Credit Loss Charges
68.7
18.2
29.1
Personnel Expenses
41.3
53.8
70.7
Operating Expenses
35.4
46.0
52.6
Net Income
34.7
64.6
67.8
Key Ratios
2009
2010
2011
NIM
10.9%
10.0%
10.0%
Cost/Income Ratio
40.0%
50.5%
51.9%
5.9%
1.4%
1.7%
23.4%
42.1%
40.9%
19.8%
19.6%
18.2%
RoAE (After Tax)
13.0%
19.2%
18.3%
RoAA (After Tax)
2.5%
4.0%
3.2%
Cost of credit
Av. Deposits/ Av. Loans
CAR
Retail,
1,305 ,
68%
(3)
Loans,
1,930 ,
82%
Note
1. Interfax ranking, RAS
2. McKinsey report
3. In accordance with Basel II methodology
12
CEB Russia
CORPORATE & COMMERCIAL BANKING
16 years of commitment to Russia led to strong customer base
of Russian companies
Serving about 1,000 corporate customers in Moscow and
seven other major regions : Kazan, Samara, Ufa, Rostov on Don,
St. Petersburg, Yekaterinburg, Novosibirsk
Focus on ;
working capital loans, project finance and commercial
loans
particularly to mid-sized corporate customers while
participating in long term structured financing of large
companies
Being the first port of call for Turkish investors in Russia
13
RETAIL BANKING
Among top 20 retail banks by asset size
1,305 million EUR retail loan book as of Dec’2011
124 Branches in 35 cities of RF, 8,300 points of sales, 550
ATM’s, 5 time zones,
Ranked 6th in car loans, 12th in credit cards
Partnership programs with the leading retail companies of RF:
IKEA, Mega, Auchan, Metro with 7,137 POS terminals
Joint car loan programs with distributors: Hyundai, Daewoo,
Cherry, Chrysler
CEB Romania
(€mm)
Balance Sheet
Operates under full banking license and is supervised by the National Bank of
Romania and Dutch Central Bank as subsidiary of Credit Europe Bank N.V.
Ranked number 16 by asset size out of 38 banks as of YE2011. Presence in 37
cities with its 1,022 employees and 76 branches
Loan Portfolio
Assets
Other, 71 ,
6%
Corporate,
263 , 32%
Cash &
Banks,
227 , 19%
Retail,
490 ,
59%
2010
2011
1,372.3
1,185.5
1,175.2
Loans to customers, net
911.9
820.4
824.6
Customer Deposits
578.4
522.4
539.3
Shareholders’ Equity
179.6
177.9
178.8
Income Statement
2009
2010
2011
NII
70.7
66.6
45.9
Net Fee & Com Income
12.6
17.1
14.2
Total Operating Income
95.3
93.7
71.8
Credit Loss Charges
28.3
32.9
16.4
Personnel Expenses
32.1
27.9
26.5
Operating Expenses
35.7
31.8
25.8
Net Income/ (Loss)
(1.7)
0.04
2.6
Key Ratios
2009
2010
2011
NIM
6.0%
6.6%
4.6%
71.1%
63.7%
72.9%
2.6%
3.6%
1.8%
Av. Deposits/ Av. Loans
47.1%
62.8%
62.1%
CAR (1)
12.1%
11.7%
12.4%
RoAE (After Tax)
(1.0%)
0.02%
1.5%
RoAA (After Tax)
(0.1%)
0.003%
0.2%
Total Assets
Acquired by Fiba Group in 1999
SME, 71
, 9%
2009
Loans,
825 , 70%
Securities,
53 , 5%
Cost/Income Ratio
Cost of credit
Note
1. According to Basel II methodology
14
CEB Romania
CORPORATE & COMMERCIAL BANKING
RETAIL BANKING
11 years of commitment to Romania
Over 380,000 plastic cards present in market and over 9,000 point of
sales.
Serving over 3,600 customers through 35 branches offering
factoring, working capital, FX and current account products
76 Branches in 37 cities of Romania
Well diversified loan portfolio, average loan size of EUR 2 million
490 million EUR consolidated retail loan book as of Dec’11
Strong loan to deposit ratio standing at 70%
Market leader in credit cards with a portfolio of 221,480 cards and an
extensive merchant, POS and ATM network
Very strong acquiring network of partner merchants – over 9,100
locations
Payment in installments also extended at online level through
important e-commerce partners like E-Mag, La Redoutte, PC
Installment programs with retail companies such as IKEA, DOMO,
Praktiker, Altex, Mobexport and e-commerce partners such as E-mag,
La Redoute and PC
Introduced first installment based loyalty shopping card (CardAvantaj)
in Romania
15
Fibabanka
Acquired in December 2010
Operates under full banking license, and supervised by Turkish Banking Regulation and Supervision Agency and Dutch Central
Bank as subsidiary of Credit Europe Bank N.V
438 employees in 21 branches and at the Head Quarter
CORPORATE & COMMERCIAL BANKING
23 years of corporate banking experience in
the country
Working capital loans to mid and large size
corporate customers
Providing long to medium term financing
projects in: Construction & Contracting,
Energy, Manufacturing, Tourism
Cross sell possibility to local corporate
customers (local current accounts, local TRY
clearing and custody services)
16
RETAIL BANKING
21 branches in five cities
28,000 retail customers
Fibabanka
(€mm)
Balance Sheet
2010
2011
Total Assets
434.4
1,019.0
Loans to customers, net
306.8
862.1
Customer Deposits
307.1
823.4
Shareholders’ Equity
54.5
146.4
Income Statement
2010
2011
NII
-
30.5
Net Fee & Com Income
-
5.1
Total Operating Income
-
38.8
Credit Loss Charges
1.2
(0.2)
Personnel Expenses
-
14.8
Operating Expenses
-
11.9
(0.9)
10.8
Net Income
Assets
Cash &
Other, 28, 3%
Banks, 107,
10%
Securities,
21, 2%
Loans, 862,
85%
Loan Portfolio
Key Ratios
NIM
-
4.5%
Cost/Income Ratio
-
69.1%
Cost of credit
-
0.0%
Av. Deposits/ Av. Loans
-
78.0%
17.2%
RoAE (After Tax)
-
11.5%
RoAA (After Tax)
-
1.4%
CAR
(3)
17
Retail, 128,
15%
SME, 128,
15%
Corporate,
606, 70%
CEB Suisse
Acquired by Fiba Group in 1990, first non-Turkish subsidiary of FIBA
Group
(€mm)
Balance Sheet
2009
2010
2011
Total Assets
548.5
599.1
647.2
Operates under full banking license and supervised by Swiss Financial
Market Supervisory Authority (FINMA) and Dutch Central Bank as
subsidiary of Credit Europe Bank N.V.
Loans to customers, net
363.5
297.4
220.8
Customer Deposits
123.4
158.8
199.0
97.8
128.0
117.2
51 employees
Income Statement
2009
2010
2011
12.6
71.1
13.2
Net Fee & Com Income
7.6
17.1
7.2
Total Operating Income
Shareholders’ Equity
NII
Loan Portfolio
Private
Banking,
60, 27%
Assets
Other, 168,
26%
Loans,
221, 34%
21.4
97.3
21.6
Credit Loss Charges
1.7
0.04
3.6
Personnel Expenses
4.9
6.1
6.6
Operating Expenses
4.4
4.3
3.8
Net Income
7.8
9.7
5.6
Key Ratios
2009
2010
2011
NIM
2.4%
3.1%
2.8%
43.4%
41.4%
47.9%
0.6%
0.1%
1.2%
Av. Deposits/ Av. Loans
38.7%
41.9%
72.2%
CAR
Cost/Income Ratio
Cost of credit
Corporate
, 161,
73%
Cash &
Banks,
188, 29%
Securities,
70, 11%
18.0%
23.0%
26.9%
RoAE (After Tax)
8.8%
8.7%
4.7%
RoAA (After Tax)
1.3%
1.7%
0.9%
(1)
Note
1. Statutory
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CEB Suisse
CORPORATE BANKING
PRIVATE BANKING
Expertise in trade finance in Switzerland for more than 20
years, specialized in metals, energy, textile, agro-chemicals,
chemicals, and soft commodities
Provides corporate banking products
complementary to private banking activities
and
services
Well diversified loan portfolio composed of:
Structured trade and commodity finance
Balance sheet lending
Cross-selling cash flow management and FX pricing services to
corporate customers located mainly in Switzerland and Turkey
Trade finance volume at €425 million as of December 2011
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Active in private banking with distinctive competence in
European and Middle Eastern emerging markets
Provides investment advisory and asset management services
to over 800 customers
Total assets under custody reached €1.42 billion EUR as of
December 2011
CEB Ukraine
(€mm)
Established in 2007
Balance Sheet
2009
2010
2011
Total Assets
150.1
135.5
156.6
Operates under full banking license and supervised by the National
Bank of Ukraine and Dutch Central Bank as subsidiary of Credit Europe
Bank N.V
Loans to customers, net
69.9
77.6
103.7
8.8
6.7
14.6
45.9
54.8
57.4
Ranked 84th by asset size and 47th by capital size among 175 operating
banks in Ukraine as of YE2011
Income Statement
2009
2010
2011
14.1
13.6
11.4
125 employees in the Head Quarters and 6 branches
Net Fee & Com Income
2.7
2.2
2.2
Total Operating Income
18.9
18.1
13.0
Around 5,000 retail customers
Credit Loss Charges
6.1
3.5
3.9
Personnel Expenses
4.7
3.8
4.2
Operating Expenses
6.3
3.9
3.3
Net Income
0.9
4.8
1.2
Key Ratios
2009
2010
2011
Loan Portfolio
Assets
Customer Deposits
Shareholders’ Equity
NII
NIM
7.8%
10.2%
8.3%
58.5%
43.0%
57.7%
8.6%
4.4%
5.5%
17.0%
11.3%
19.9%
57.0%
45.0%
33.17%
RoAE (After Tax)
0.8%
9.2%
2.3%
RoAA (After Tax)
0.2%
3.3%
0.9%
Cost/Income Ratio
SME, 2,
2%
Other, 3,
2%
Retail, 20,
19%
Cash &
Banks, 16,
10%
Cost of credit
Av. Deposits/ Av. Loans
CAR
Securities,
34, 22%
Corporate,
82, 79%
(1)
Loans,
104, 66%
Note
1. Statutory
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CEB Ukraine
CORPORATE & COMMERCIAL BANKING
A commercial bank which provides a wide range of banking
services
Provides variety of corporate banking services and products
including long term financing, project finance and trade
finance.
Serves to local and foreign companies operating in various
industries and segments
Corporate customers and SME’s (customers with minimum
yearly turnover of Eur 50 million)
Classic products (balance sheet lending, project finance) and
their side businesses (cash flows etc)
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RETAIL BANKING
20 million EUR retail loan book as of Dec’2011
Franchise increasing in growing market
Partnership programs with the leading retail companies
CEB Dubai
Established in 2008
(€mm)
Regulated by Dubai Financial Services Authority and Dutch Central
Bank as subsidiary of Credit Europe Bank N.V.
Operates under DIFC (Dubai International Financial Centre) with
“Category 1” license
Balance Sheet
2009
2010
2011
Total Assets
237.7
235.7
161.5
Loans to customers, net
142.8
211.2
65.0
Customer Deposits
10.7
24.5
16.8
Shareholders’ Equity
30.1
41.6
47.1
2009
2010
2011
11.0
9.4
4.0
Specialized in structured commodity and trade finance in MENA and
Asia region
Income Statement
As of December 2011 trade finance volume stands at EUR 1.5 billion
Net Fee & Com Income
0.1
1.1
2.2
17 employees
Total Operating Income
12.4
14.1
6.7
Credit Loss Charges
-
-
-
Personnel Expenses
1.5
1.9
1.6
Operating Expenses
1.4
3.0
1.3
Net Income
9.5
9.2
3.8
Key Ratios
2009
2010
2011
NIM
4.6%
3.8%
2.3%
23.8%
34.6%
43.3%
-
-
-
5.7%
10.0%
18.0%
14.4%
19.1%
61.3%
RoAE (After Tax)
36.6%
24.2%
9.1%
RoAA (After Tax)
3.9%
3.7%
2.2%
Assets
Loans, 65,
40%
NII
Cost/Income Ratio
Other, 89,
55%
Cost of credit
Av. Deposits/ Av. Loans
CAR
Securities, 7,
5%
(1)
1. In accordance with DIFC
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Our Contact Details
FinInst@crediteurope.nl
Mrs. Zeyno De Vries-Davutoglu
Division Director Bank Relations
Tel: +31 20 357 8088
Email: zeyno.devries@crediteurope.nl
Mr. Cagatay Yalcin
Vice President
Tel: +31 20 357 6438
Email: ac.yalcin@crediteurope.nl
Ms. Mine Erdogan
Regional Manager, Senior Officer
Tel:+31 20 357 6351
Email: mine.erdogan@crediteurope.nl
Mr. Bunyodhon Obidhonov
Financial Institutions
Tel:+31 20 357 6357
Email: bunyodhon.obidhonov@crediteurope.nl
For further information and latest news about Credit Europe bank, please visit
www.crediteuropebank.com
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