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  1. 1. Citibank: T ime Deposits with up to 5% interest rate ! Press Conference – April 12, 2006
  2. 2. <ul><li>Agenda: </li></ul><ul><li>Structure of households‘ savings, trends in the area of investments - Jiří Báča, Sales and Distribution Director </li></ul><ul><li>Citibank‘s unique offer: CitiBest, a new product – Jiří Báča, Sales and Distribution Director </li></ul><ul><li>Investment products and services in Citibank‘s offering – Lenka Peníšková, CitiGold Segment Product Manager </li></ul>
  3. 3. Structure of households‘ savings in the CR Zdroj: ČNB, ČSÚ, MF, MPSV, APF, ČAP, AFAM, AKAT, SCP
  4. 4. Czech Investors Financial Portfolio in EU Context Czech investors‘ financial portfolio in the European context Data: 2004, average for EU8* covers the following countries : Great Britain, Germany, Belgium, Finland, France, Italy, Spain, Sweden . Zdroj: Miloš Filip: Osobní a rodinné bohatství ?
  5. 5. Structure of Households Savings in the CR <ul><li>Decrease in balances in time and savings accounts kept by citizens with commercial banks (total ratio of CZK deposits in total citizens‘ savings dropped from 60% in 2001 to 42% in 2005) </li></ul><ul><li>Obvious preference given to demand deposits over time deposits – linkage to low level of interest rates and preferred liquidity </li></ul><ul><li>Continuing decrease in the volume of households‘ FX deposits in connection with firming rate of CZK </li></ul><ul><li>Tendency to look for perspectively more profitable alternative investment opportunities – specifically, share funds, building savings schemes, supplementary pension insurance </li></ul><ul><li>Slowing down of growth of the volume of savings under building savings schemes (related to reduction of state-provided contribution) </li></ul><ul><li>Stable influx of money into pension funds; one third of CR population is saving up through supplementary pension insurance, however, amounts of monthly contribution remain still low on the average </li></ul><ul><li>Stagnation/mild growth in prescribed premium in case of life/non-life insurance policies </li></ul><ul><li>Significant upsurge in interest by households to invest into share funds, in 2005 marked was a historic growth in assets managed by domestic and foreign funds distributed in the CR </li></ul>
  6. 6. Structure of Households‘ Savings in the CR Most popular products per y/y growth in total volumes: 33% Share funds 20% Supplementary pension insurance 15% Building savings schemes 14% Demand deposits by households í (CZK) Zdroj: ČNB, ČSÚ, MF, MPSV, APF, ČAP, AFAM, AKAT, SCP, data k 31.12.2005
  7. 7. Share funds registered in the CR Money market funds Balanced funds Equity funds Bond funds Funds‘ funds Secured funds 225 mld CZK 135 mld CZK 90 mld CZK 65 domestic 1039 foreign 1104 share funds Zdroj: AKAT CR, AFAM, data k 31.12.05
  8. 8. Subdivision per fund types (entire market) 224 , 93 mld. CZK ( as of 3 1 . 12 .200 5 ) +12,82 mld. CZK +116 % 23,84 mld. CZK Secured funds + 3,35 mld. CZK +342 % 4,33 mld. CZK Funds‘ funds + 4,45 mld. CZK +20 % 27,16 mld. CZK Mixed (balanced) funds + 9,26 mld. CZK +64 % 23,79 mld. CZK Equity funds + 9,63 mld. CZK +28 % 43,78 mld. CZK Bond funds +16,24 mld. CZK +19 % 102,03 mld. CZK Money market funds Change y/y
  9. 9. <ul><li>Agenda: </li></ul><ul><li>Structure of households‘ savings, trends in the area of investments - Jiří Báča, Sales and Distribution Director </li></ul><ul><li>Citibank‘s unique offer: CitiBest, a new product – Jiří Báča, Sales and Distribution Director </li></ul><ul><li>Investment products and services in Citibank‘s offering – Lenka Peníšková, CitiGold Segment Product Manager </li></ul>
  10. 10. Unique combination of investment into share funds and a time deposit Upon investing into any of the five share funds denominated in CZK, client gets an opportunity to make a deposit of the same amount as a 3-month time deposit with a 3.5% interest rate p.a. What Is CitiBest Upon investing into share funds denominated in any FCY, the applicant will be entitled to open a one-time, 3-month time deposit in CZK with attractive interest rate of 5% p.a., in the amount that equals the amount of investment into share funds .
  11. 11. CitiBest – World‘s Duo <ul><li>“ World‘s Duo ” </li></ul><ul><li>includes the investment into a wide array of more than 90 share funds denominated in   EUR, USD, CHF, GBP, JPY, CAD a AUD </li></ul><ul><li>as a BONUS – the opportunity to open a one-time, 3-month time deposit in CZK, with the rate of 5.0% p.a. . </li></ul><ul><li>Minimum total investment amount required for CitiBest product is Kc200,000 </li></ul>Selection from FCY funds under the „World‘s DUO“ offering Zdroj: Credit Suisse Equity Fund Management Company, Credit Suisse Portfolio Fund Management Company, Credit Suisse Bond Fund Management Company, ING (L) Invest Fund SICAV, ING (L) Renta Fund SICAV Data k 28.2.2006
  12. 12. CitiBest – České duo * Data nejsou k dispozici vzhledem ke krátké historii fondu. Zdroj: CREDIT SUISSE ASSET MANAGEMENT investiční společnost, a.s., ING Investment Management (C.R.) a.s. Data k 28.2.2006 <ul><li>“ Czech Duo ” </li></ul><ul><li>Includes investment into any of the five share funds denominated in CZK </li></ul><ul><li>a bonus – the opportunity to open a one-time, 3-month time deposit in CZK with a 3.5% p.a. interest rate. </li></ul><ul><li>Minimum total investment amount rquired for CitiBest product is Kc 200,000 </li></ul>Complete list of funds denominated in CZK under the „Czech DUO“ offering
  13. 13. <ul><li>Agenda: </li></ul><ul><li>Structure of households‘ savings, trends in the area of investments - Jiří Báča, Sales and Distribution Director </li></ul><ul><li>Citibank‘s unique offer: CitiBest, a new product – Jiří Báča, Sales and Distribution Director </li></ul><ul><li>Investment products and services in Citibank‘s offering – Lenka Peníšková, CitiGold Segment Product Manager </li></ul>
  14. 14. CitiGold Wealth Management <ul><li>Set of the elite banking services for the very demanding private clientele </li></ul><ul><li>A part of Citibank‘s global offering, in the CR since 2001 </li></ul><ul><li>Main features: </li></ul><ul><ul><li>Individual approach </li></ul></ul><ul><ul><li>Personal banker </li></ul></ul><ul><ul><li>Beyond-the-standard payment products (gold cards – credit and debit ) </li></ul></ul><ul><ul><li>Comprehensive support upon the creation of investment portfolio </li></ul></ul><ul><ul><li>Wide offer of financial instruments </li></ul></ul><ul><ul><li>Non-banking benefits </li></ul></ul>
  15. 15. CitiGold Wealth Management <ul><li>What makes CitiGold Wealth Management distinguished: </li></ul><ul><li>Certified investment experts </li></ul><ul><li>Care for limited portfolio of clients </li></ul><ul><li>Independence of selection: Citibank does not offer its own investment products, but, instead, an assortment of products by various third parties </li></ul><ul><li>Modern investment instruments (structured bonds) </li></ul><ul><li>Investment process, inclusive of regular reviews of the portfolio </li></ul>
  16. 16. Structured bonds <ul><li>Modern investment instrument </li></ul><ul><li>Enables the investor to participate in movements on equity or commodity markets </li></ul><ul><li>At the same time, it curbs the risk of potential loss of invested funds. </li></ul><ul><li>If paper held to maturity, return of the principal is guaranteed. </li></ul><ul><li>Proceeds variable per respective developments of the underlaying asset. </li></ul><ul><li>Citibank offers various types of structured bonds for CitiGold clients under non-public offers </li></ul><ul><li>Denomination in various currencies. </li></ul><ul><li>Preparation of public offer – 2nd quarter of 2006 </li></ul>

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