Structured Finance and Financial Institutions Department / February 2005 1 February 2005 PKO IN A...
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![Page 1: Structured Finance and Financial Institutions Department / February 2005 1 February 2005 PKO IN A NUTSHELL.](https://reader035.fdocuments.in/reader035/viewer/2022062804/56649d185503460f949eddaa/html5/thumbnails/1.jpg)
Structured Finance and Financial Institutions Department / February 2005 1
February 2005
PKO IN A NUTSHELL
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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