Loading…

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

Like this document? Why not share!

Capital market days 2008 - Sergey Tigipko

on

  • 832 views

Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to ...

Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.

Statistics

Views

Total Views
832
Views on SlideShare
832
Embed Views
0

Actions

Likes
0
Downloads
1
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Capital market days 2008 - Sergey Tigipko Capital market days 2008 - Sergey Tigipko Document Transcript

  • Swedbank Ukraine Mr Sergey Tigipko Head of Swedbank Ukraine Capital Markets Day Kiev, 5 March 2008 Agenda • Ukraine – economic data and banking market • Swedbank in Ukraine © Swedbank 2 1
  • Ukraine – economic data and banking market Country data • Total area: 603,700 sq. km • Population: 47 million • Official language: Ukrainian • Currency: Hryvnya (UAH) • Rate of exchange (29/02/08): USD 1 = UAH 5.05 • Religion: Ukrainian Orthodox (Moscow Patriarchate and Kiev Patriarchate) and Roman Catholic • Independence: 1 December 1991 (from Soviet Union) © Swedbank 4 2
  • 2nd largest CEE country by population (million)… Russia 143 Ukraine 47 Poland 38 Uzbekistan 27 Romania 22 Kazakhstan 15 Belarus 10 Czech Rep 10 Hungary 10 Bulgaria 7 © Swedbank 5 … and one of the fastest growing CEE economies Superior historic economic growth… …with plenty of room for further growth Average GDP (2003-07) GDP per capita, US$ (2006) 12,200 7.6% 10,910 7.1% 6.2% 2007: 5.5% 7, 850 5.2% 5.0% 4.5% US$ 1,944 5,340 4,270 3,270 1,770 Ukraine Russia Ro mania B ulgaria Cz Rep P o land Hungary Ukraine Bulgaria Romania Russia Poland Hungary Cz Rep The dynamics of GDP… …and inflation 12.1% Ukraine 16.6% 9.6% EU 12.3% 10.3% 11.6% 7.1% 7.3% 8.2% 2.6% 3.1% 2.1% 2.2% 0.8% 2.0% 2.1% 2.3% 3.4% 2.9% 2.0% 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 © Swedbank 6 3
  • Plenty of room for further growth in Ukrainian banking… Total assets/GDP (2006) 122% 112% 107% 95% 85% 64% 64% 56% Latvia Estonia Cz Rep Slovakia Hungary Lithuania Poland Ukraine © Swedbank 7 …and for further growth in profitability ROE (2006) ROA (2006) 27.3% 1.8% 1.8% 1.8% 24.8% 24.6% 1.7% 24.1% 1.6% 22.4% 1.3% 17.5% 17.2% 1.0% 13.5% 13.4% 0.9% 0.7% Latvia Hungary Estonia Cz Rep Poland Slovakia Lithuania Ukraine Slovenia Poland Hungary Estonia Latvia Ukraine Cz Rep Slovakia Lithuania Slovenia © Swedbank 8 4
  • Superior growth of Ukrainian banking market in 2007… Loans to private clients, US$bn Loans to corporate clients, US$bn 30.4 65% 54.7 97% 54% 133% 58% 136% 26% 33.2 65% 15.4 21.6 6.6 10.9 13.7 1.7 2.8 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 Private client accounts, US$bn Corporate client accounts, US$bn 84% 32.4 46% 22.2 46% 26% 85% 21 59% 15.2 43% 12.1 30% 14.4 7.6 6 7.8 5.3 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 © Swedbank 9 …and growing presence of foreign banks Percentage of foreign owned banks Foreign owned banks’ percentage of share capital 35% 27% 28% 21% 20% 14% 11% 12% 12% 10% 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 44 foreign banks have entered the Ukrainian market, including… © Swedbank 10 5
  • Market leaders 01/01/2008 Market share Ranking Total assets, US$bn by total assets by total assets PrivatBank 11.1 9.4% 1 Raiffeisen Bank Aval 8.8 7.4% 2 UkrSibbank (BNP Paribas) 7.5 6.3% 3 Ukrsotsbank (UniCredit) 6.2 5.2% 4 Ukreximbank 5.7 4.8% 5 Prominvestbank 5.2 4.4% 6 Nadra Bank 4.2 3.5% 7 Oshchadniy Bank 3.8 3.2% 8 ОTP Bank 3.5 3.0% 9 ALFA-BANK 3.0 2.5% 10 Finance & Credit 2.9 2.4% 11 Forum 2.9 2.4% 12 FUIB 2.8 2.3% 13 Kreditprombank 2.5 2.1% 14 Swedbank 2.4 2.0% 15 © Swedbank 11 Swedbank in Ukraine 6
  • History of Swedbank-Finance History of Swedbank 1991 TAS-Kommerzbank established under the name of Bank Intellect 1996 Bank Intellect becomes a subsidiary of Privatbank and is renamed Bank Kyiv-Privat 2001 Bank Kyiv-Privat becomes part of TAS Group 2007 Swedbank AB purchases 100% of equity 2007 Swedbank-Finance banking holding group is established and TAS-Kommerzbank is renamed Swedbank History of Swedbank-Invest 1996 Established as Société Générale Ukraine 2001 Bank becomes part of TAS Group 2005-06 TAS-Kommerzbank acquires 100% of equity 2007 Decision to change the name of TAS-Investbank to Swedbank-Invest © Swedbank 13 Ownership structure 100 % Swedbank 100 % banking holding group Swedbank-Finance Swedbank-Invest © Swedbank 14 7
  • Swedbank-Finance: highlights Key financials and statistics (01/01/08), US$m • Chernigov Chernigov Lutzk • Latsk Lutzk Rouno • Rouno Rovno Total assets 2,230 Sumy Kiev • Kiev Customer loans 1,773 Lvov • Lvov Zhitomir • Zhitomir • Poltava Poltava Kharkov Customer deposits 890 Khmelnytsky Ternopol • Ternopol • • Kharkov Khmelnytsky Cherkasy • Cherkasy • • Ivano - Vinitsa • Vinitsa Frankovsk Uthgorod Lugansk • Frankovsk Shareholders’ equity 147 • Uthgorod Chernovtsi Kirovograd Dnepropetrovsk Donetsk • Donetsk • Chernovtsi Net profit (2007) 22.3 Zaporozhie • Odessa • Nikolaev Nikolaev Odessa Outlets 191 Kherson • Kherson FTE 3,289 Simferopol Corporate clients 17,814 Private clients 166,915 © Swedbank 15 Market growth of corporate client business to date… Loans to corporate clients, US$m Net growth of loans to corporate clients Ukraine Swedbank-Finance 107% 1,075 87% 85% 519 48% 350 65% 58% 54% 187 101 26% 2003 2004 2005 2006 2007 2004 2005 2006 2007 Corporate client accounts, US$m Net growth of corporate client accounts Ukraine Swedbank-Finance 547 203% 328 261 67% 78 86 26% 10% 43% 59% 46% 26% 2003 2004 2005 2006 2007 2004 2005 2006 2007 © Swedbank 16 8
  • …and clear vision of future Cooperation with Swedbank-Invest: number of banks and New strategy has been mid-size and large clients financial institutions developed Swedbank: supported by and is being implemented SMEs and mid-size Swedbank Group Active position clients in the international Focus on mid-size companies borrowing market and SMEs Corporate clients Products developed Reorganization of network in accordance with and new sales structure target segments’ needs Mid-size clients: Deloitte support 12 corporate centres Project financing and factoring SMEs: 48 corporate branches Swedbank-Invest: leader in new project financing Swedbank: strong position in factoring market © Swedbank 17 Clearly defined RETAIL strategy… Establishment of New strategy developed Focus on mass market clients debt collection company and implemented Identification of groups of Effective risk management targeted clients Private clients Active marketing and promotion Optimized products Mortgage Nationwide Cash loans advertising company Strong nationwide distribution Deposits Re-branding Credit cards 191 branches Cooperation with financial agents Call Centre Internet banking © Swedbank 18 9
  • …enhances opportunities in the growth market Loans to private clients, US$m Net growth of loans to private clients Ukraine Swedbank-Finance 698 245% 220% 342 121% 104% 107 136% 133% 14 31 97% 65% 2003 2004 2005 2006 2007 2004 2005 2006 2007 Private client deposits, US$m Net growth of private client deposits Ukraine Swedbank-Finance 126% 119% 337 343 154 85% 84% 60 68 46% 30% 13% 2% 2003 2004 2005 2006 2007 2004 2005 2006 2007 © Swedbank 19 Positive synergies… » Transfer of • Risk and credit knowledge and management • Products and infrastructure roll-outs Synergies for • Strategies » Scalable group • Structures profitability services • Procurement and growth • IT systems • Shared services » Diversified • … funding base © Swedbank 20 10
  • …mean we can look ahead with confidence Retail loans & deposits Corporate loans & deposits Loans, US$m Loans, US$m Deposits, US$m Deposits US$m 698 1,075 342 337 343 519 547 328 Dec 06 Dec 07 Dec 08 Dec 06 Dec 07 Dec 08 Shareholders’ equity & total assets Net profit, US$m Shareholders’ equity, US$m Total assets, US$m 2, 230 22.3 1, 001 6.6 131 147 Dec 06 Dec 07 Dec 08 2006 2007 2008 © Swedbank 21 Summary • Superior growth of Ukrainian banking market in last few years and plenty of room for further growth • Swedbank-Finance – the universal bank with clear defined retail and corporate strategies • Synergies with Swedbank Group for profitability and growth © Swedbank 22 11
  • © Swedbank 23 12