Balance Sheet Analysis

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					> Balance Sheet Analysis

> Reinhard Ortner, CFO Erste Bank > 17 September 2003

> Group Balance Sheet (IFRS)
Assets
EUR m Loans and advances to credit institutions Loans and advances to customers Risk provisions for loans and advances Trading assets, AFS Financial investments Sundry assets Total assets YE 1999 YE 2000 YE 2001 YE 2002 HY 2003 % Change
YE 19 9 9 / HY 2 0 0 3

10,295 26,405 (965) 5,795 7,396 3,517 52,443

19,472 31,238 (1,544) 7,142 9,542 5,346 71,196

18,912 39,210 (1,875) 6,363 14,730 8,693

15,492 64,435 (2,983) 10,223 22,572 11,483

18,146 65,358 (3,004) 12,578 25,087 10,988

76.26 147.52 211.30 117.05 239.20 212.43 146.27

86,033 121,222 129,153

incl.

incl.

inckl. cross guarantee system (CGS) + sVersicherung)

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> Group Balance Sheet (IFRS)
Liabilities and shareholders’ equity
EUR m Amounts owed to credit institutions Amounts owed to customers Debts evidenced by certificates and subordinated capital Minority interests Shareholders' equity Sundry liabilities Total liabilities and shareholders' equity YE 1999 YE 2000 YE 2001 YE 2002 HY 2003 20,571 19,533 8,328 428 1,436 2,147 52,443 25,639 28,841 10,736 833 1,856 3,291 71,196 28,642 37,175 12,707 1,259 1,904 4,346 26,425 61,308 17,577 2,723 2,481 10,708 28,483 63,934 18,909 3,031 2,543 12,253
% Change
YE 1999/HY 2003

38.5 227.3 127.1 608.2 77.1 470.7 146.3

86,033 121,222 129,153

incl.

incl.

inckl. cross guarantee system (CGS) + sVersicherung)

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> Group Balance Sheet (IFRS)
Loans and advances to customers
Total (EUR m) 26,405 31,238 39,210 64,435 65,358

100% 90% 80% 70% 60% 50% 40% 71.6% 30% 20% 10% 0% YE 1999 YE 2000 Ers te Bank YE 2001 Savings banks 64.2% 58.7% 17.8% 1.3% 9.3% 14.3% 13.7% 7.8% 11.1% 11.6%

7.0% 14.4%

6.6% 14.8%

18.6%

44.9%

44.3%

33.7%

34.2%

YE 2002 Total CE others

HY 2003

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> Group Balance Sheet (IFRS)
Development of loan portfolio in CE
Total CE (EUR m) 336
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% YE 1999 Ceska Sporitelna YE 2000 Slovenska Sporitelna YE 2001 YE 2002 HY 2003 100.0% 89.7%

4,273

7,214

9,267

9,700

10.3%

9.6% 9.7%

13.1% 12.3% 10.0%

13.5% 12.2% 10.4%

80.7% 64.6% 63.9%

Erste Bank Hungary

Erste Bank Croatia

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> Group Balance Sheet (IFRS)
Development of financial investments, AFS, trading assets
Total (EUR m) 13,191
40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 YE 1999 YE 2000 YE 2001 AFS YE 2002 Trading Assets HY 2003
1,397 4,399 7,395 3,210 3,932 9,542 3,451 2,912 22,572 14,730 25,087 3,487 6,736 4,298 8,280

16,684

21,093

32,795

37,665

Financial Investments

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> Group Balance Sheet (IFRS)
Proportional development of financial invest., AFS, trading assets
Total (EUR m) 13,191
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% YE 1999 Y E 2000 Y E 2001 AFS Y E 2002 HY 2003

16,684

21,093

32,795

37,665

10.6% 33.3%

19.2% 23.6%

16.4% 13.8%

10.6% 20.5%

11.4% 22.0%

56.1%

57.2%

69.8%

68.8%

66.6%

Financial Investments

Trading Assets

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> Group Balance Sheet (IFRS)
Amounts owed to customers
Total (EUR m) 19,533 28,841 37,175 61,308 63,934

70,000 60,000 50,000 40,000 30,000 20,000 10,000 YE 1999 YE 2000 YE 2001 YE 2002 Other HY 2003
11,496 6,557 12,976 17,345 21,165 16,010 36,880 36,639 24,428 27,295

Savings deposits

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> Group Balance Sheet (IFRS)
Customer deposits
Total (EUR m) 19,533
100%
24.7% 15.4% 7.5% 11.7% 1.6% 36.7%

28,841

37,175

61,308

63,934

12.9% 9.7%

7.1% 42.1%

6.9% 40.5%

80% 60% 40%
62.1%

45.5% 31.5% 31.6%

20% 0% YE 1999

40.4%

31.9%

19.3%

21.0%

YE 2000 Erste Bank

YE 2001 Total CE

YE 2002 Other

HY 2003

Savings Banks

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> Group Balance Sheet (IFRS)
Deposit to loan ratio development

70,000 60,000 50,000 40,000 30,000 20,000 10,000 EUR m

97 77
37,335 2 5,44 0 19 ,53 3 29,69 4 28 ,8 41

100

61 ,452 6 1 8 ,30

6 2 ,354 63,93 4

120 100 80 60 40 20 0

100
3 7,1 5 7

103

YE 1999

YE 2000

YE 2001

YE 2002

HY 2003

%

Loans and advances to customers Ratio in %

Amounts owed to customers

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> Group Balance Sheet (IFRS)
Proportional development of funding structure
Total (EUR m) 48,432
100% 80% 60% 40% 20% 0% YE 1999 YE 2000 YE 2001 YE 2002 HY 2003 42.5 39.3 36.5 25.1 25.6 40.3 44.2 47.3 58.2 57.4

65,216

78,524

105,310

111,326

17.2

16.5

16.2

16.7

17.0

Debts evidenced by certificates and subordinated capital Amounts owed to customers Amounts owed to credit ins titutions

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> Qualifying capital (Austrian Banking Act)
Core capital and Tier 1 ratio
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0

3,800 6.7% 6.3% 2,125 1,753 6.2% 2,337 6.3%

3,921

6.9% 6.7% 6.5% 6.3% 6.1% 5.9% 5.7% 5.5%

.

EUR m

6.6%

YE 1999
Ris k-weighted bas is under Section 22 Aus trian Banking Act

YE 2000
31.879 Core capital (Tier 1)

YE 2001
37.803

YE 2002
60.257 Tier 1 ratio in %

HY 2003
59.654

27.750

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> Qualifying capital (Austrian Banking Act)
Risk weighted basis (EUR m)

YE 1999 Erste Bank AG CE-companies Savings Banks Others Total 20.246 298 2.111 5.094 27.750

YE 2000 19.736 4.897 2.108 5.138 31.879

YE 2001 21.208 6.991 3.977 5.627 37.803

YE 2002 20.537 9.067 25.521 5.132 60.257

HY 2003 20.323 9.347 25.188 4.796 59.654

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> Group Balance Sheet (IFRS)
EB Group Breakdown of Tier 1 Capital (including Cross guarantee scheme)

EUR m Paid in capital Reserves Minorities Hybrid tier 1 Goodwill Software Total tier 1 share of hybrid tier 1 - total tier 1

YE 1999 322 1,476 191 100 -187 -149 1,753 5.7 %

YE 2000 366 1,786 411 225 -468 -195 2,125 10.6 %

YE 2001 366 1,820 601 456 -612 -294 2,337 19.5 %

YE 2002 435 2.211 2,233 466 -1,071 -474 3,800 12.3 %

Q1 2003 435 2,211 2,236 626 -1,084 -457 3,967 15.8 %

HY 2003 436 2,214 2,240 609 -1,120 -458 3,921 15.5 %

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> Shareholder’s equity IFRS - Tier 1 capital
Reconciliation of shareholders’ equity with Tier 1 capital
As of 31 December 2002, in EUR m
6000
5,204 148 (100) 93 5,345

5000 4000 3000 2000 1000 0
Total Shareholders’ Equity and Minority interests (IFRS) Dividends to be paid in 2003 Reversal of IFRS-value adjustments Other changes Gross Equity (eg consolidation (ABA) differences) Goodwill (ABA) Software (ABA) Tier 1 Capital

3,800 (1,071) (474)

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> Current projects IASB

2003 Qtr 2
Business combinations, phase 1

2003 Qtr 3

2003 Qtr 4

2004 Qtr 1
IFRS

2004 Later

Amendments IAS 39

IFRS (I) IFRS (II)

Business combinations, application of the purchase method – phase 2

ED

IFRS

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> Proposed Amendments to IAS 39 (in discussion) Measurement
» All financial assets and financial liabilities permitted to be measured at fair value by designating them at initial recognition » held for trading » Option to recognise gains and losses on available-for-sale financial assets in profit or loss is eliminated » no longer necessary in light of proposed amendment above » Impairment losses recognised in instruments classified as available for sale cannot be reversed » Guidance provided on how to evaluate impairment inherent in a group of loans, receivables or held-to-maturity investments

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